- 毛利率代表著產品的競爭優勢, 要和同一個產業做比較. 如果毛利率很低的話, 就要看公司的營收規模是否夠大
- 毛利率從谷底回升, 或許就是開始反轉的訊號
- 營益率代表著公司的經營效率
- 在不大幅舉債的前提下, ROE可以看出公司的經營品質
- 穩定或持續提升的毛利率和營益率十分重要, 要當心持續下滑的毛利率和營益率
- 本業收入比高的公司, 才容易預估財測, 值得花心力去研究
- 無形資產佔總資產比高的公司, 可能代表這家公司是透過併購來成長. 但如果佔比高的不合理, 則要當心
- 併購後有沒有發揮1+1>2, 營益率是一個很好的觀察指標
- 要檢視ROE上升或下滑的原因, 根據杜邦分析不外乎是利潤率, 營收, 財務槓桿的增減
- 租賃業要觀察延滯率(在銀行稱為逾放比率)的變化. 如果越來越多客戶拖延還錢(延滯率上升), 就代表接下來放款的錢也會變少(放款率下降)
| EPS QoQ YoY | 營業毛利率 QoQ YoY | 營業利益率 QoQ YoY | 稅前淨利率 QoQ YoY | 稅後淨利率 QoQ YoY | 股東權益報酬率 QoQ YoY | 資產報酬率 QoQ YoY | 總資產周轉率 QoQ YoY | EBITDA利潤率 QoQ YoY | 財務槓桿 QoQ YoY | 本業收入比 QoQ YoY | 業外獲益比 QoQ YoY | 用人費用率 QoQ YoY | |||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 24Q3 (20) | 0.16 | -23.81 | 328.57 | 37.23 | 10.57 | 160.38 | 0.24 | 107.21 | 100.04 | 13.89 | -24.47 | 113.64 | 13.89 | -24.47 | 113.93 | 0.72 | -22.58 | 366.67 | 0.67 | -23.86 | 368.0 | 0.05 | 0.0 | 0 | 18.18 | -21.23 | 145.45 | 12.59 | 23.07 | 182.92 | 0.00 | 100.0 | -100.0 | 90.91 | -25.13 | 118.94 | 0.00 | -100.0 | -100.0 |
| 24Q2 (19) | 0.21 | 231.25 | 200.0 | 33.67 | 126.02 | 166.38 | -3.33 | 99.74 | 80.0 | 18.39 | 104.02 | 264.16 | 18.39 | 104.02 | 274.54 | 0.93 | 232.86 | 244.44 | 0.88 | 233.33 | 252.0 | 0.05 | 0 | 0.0 | 23.08 | 105.77 | 186.71 | 10.23 | 9.18 | -19.07 | -21.43 | -107.6 | 94.29 | 121.43 | 166.79 | -74.44 | 28.47 | -96.66 | 34.61 |
| 24Q1 (18) | -0.16 | 79.22 | -277.78 | -129.42 | -66.03 | -670.89 | -1285.23 | -82.89 | -102102.38 | -456.93 | 54.91 | -11382.22 | -456.93 | 54.88 | -11382.22 | -0.70 | 76.82 | -275.0 | -0.66 | 77.16 | -288.57 | 0.00 | 0 | -100.0 | -400.00 | 57.45 | -6604.07 | 9.37 | 130.22 | 6.12 | 281.82 | 302.6 | 604.55 | -181.82 | -706.06 | -327.27 | 851.16 | 79.93 | 5270.09 |
| 23Q4 (17) | -0.77 | -1000.0 | -692.31 | -77.95 | -26.42 | -412.93 | -702.75 | -9.24 | -38086.49 | -1013.36 | -895.05 | -53434.74 | -1012.79 | -915.94 | -53404.74 | -3.02 | -1018.52 | -649.09 | -2.89 | -1056.0 | -756.82 | 0.00 | 0 | -100.0 | -940.00 | -2250.0 | -28076.19 | 4.07 | -8.54 | -88.36 | 70.00 | -87.93 | -30.0 | 30.00 | 106.25 | 0 | 473.04 | 18.44 | 2689.15 |
| 23Q3 (16) | -0.07 | -200.0 | -102.79 | -61.66 | -587.82 | -409.69 | -643.31 | -3763.72 | -4485.21 | -101.84 | -2116.63 | -615.91 | -99.69 | -2130.35 | -605.02 | -0.27 | -200.0 | -101.96 | -0.25 | -200.0 | -103.13 | 0.00 | -100.0 | -100.0 | -40.00 | -596.89 | -293.7 | 4.45 | -64.79 | -93.29 | 580.00 | 254.67 | 678.05 | -480.00 | -201.05 | -1985.71 | 399.38 | 1788.32 | 17809.42 |
| 23Q2 (15) | 0.07 | -22.22 | -97.65 | 12.64 | -44.24 | -47.29 | -16.65 | -1421.43 | -183.21 | 5.05 | 24.69 | -74.13 | 4.91 | 21.23 | -74.85 | 0.27 | -32.5 | -98.64 | 0.25 | -28.57 | -97.63 | 0.05 | -37.5 | -90.57 | 8.05 | 30.89 | -60.31 | 12.64 | 43.15 | -85.46 | -375.00 | -1037.5 | -466.35 | 475.00 | 493.75 | 20208.33 | 21.15 | 33.44 | 1455.15 |
| 23Q1 (14) | 0.09 | -30.77 | -84.21 | 22.67 | -8.99 | -5.93 | 1.26 | -31.89 | -90.18 | 4.05 | 113.16 | -72.58 | 4.05 | 113.16 | -72.58 | 0.40 | -27.27 | -91.05 | 0.35 | -20.45 | -85.04 | 0.08 | -60.0 | -46.67 | 6.15 | 83.04 | -63.33 | 8.83 | -74.74 | -90.8 | 40.00 | -60.0 | -54.29 | 80.00 | 0 | 540.0 | 15.85 | -6.54 | 180.53 |
| 22Q4 (13) | 0.13 | -94.82 | 161.9 | 24.91 | 25.11 | 298.56 | 1.85 | -87.39 | 124.83 | 1.90 | -90.37 | 124.77 | 1.90 | -90.37 | 124.77 | 0.55 | -96.0 | 136.67 | 0.44 | -94.49 | 186.27 | 0.20 | -50.0 | 122.22 | 3.36 | -83.73 | 205.33 | 34.96 | -47.32 | -68.22 | 100.00 | 34.15 | 0.0 | 0.00 | -100.0 | 0 | 16.96 | 660.54 | 133.29 |
| 22Q3 (12) | 2.51 | -15.77 | 6375.0 | 19.91 | -16.97 | 74.34 | 14.67 | -26.69 | 7435.0 | 19.74 | 1.13 | 1731.4 | 19.74 | 1.13 | 1731.4 | 13.75 | -30.84 | 4535.48 | 7.98 | -24.43 | 9875.0 | 0.40 | -24.53 | 263.64 | 20.65 | 1.82 | 617.01 | 66.36 | -23.66 | -42.54 | 74.55 | -27.17 | 0 | 25.45 | 1177.58 | -74.55 | 2.23 | 63.97 | -61.49 |
| 22Q2 (11) | 2.98 | 422.81 | 1852.94 | 23.98 | -0.5 | 40.23 | 20.01 | 55.96 | 377.53 | 19.52 | 32.16 | 379.26 | 19.52 | 32.16 | 379.26 | 19.88 | 344.74 | 1399.35 | 10.56 | 351.28 | 2130.77 | 0.53 | 253.33 | 430.0 | 20.28 | 20.93 | 840.15 | 86.93 | -9.46 | -43.07 | 102.36 | 16.99 | 2.36 | -2.36 | -118.9 | 0 | 1.36 | -75.93 | -92.62 |
| 22Q1 (10) | 0.57 | 371.43 | 533.33 | 24.10 | 285.6 | 10.3 | 12.83 | 272.21 | 191.59 | 14.77 | 292.57 | 149.07 | 14.77 | 292.57 | 149.07 | 4.47 | 398.0 | 375.53 | 2.34 | 558.82 | 254.55 | 0.15 | 66.67 | 87.5 | 16.77 | 625.71 | 34.16 | 96.01 | -12.73 | 8.9 | 87.50 | -12.5 | 31.25 | 12.50 | 0 | -62.5 | 5.65 | -22.28 | -39.38 |
| 21Q4 (9) | -0.21 | -425.0 | -40.0 | 6.25 | -45.27 | -57.43 | -7.45 | -3625.0 | 67.34 | -7.67 | -533.88 | 60.03 | -7.67 | -533.88 | 60.03 | -1.50 | -383.87 | -7.14 | -0.51 | -737.5 | -8.51 | 0.09 | -18.18 | 125.0 | -3.19 | -210.76 | 0 | 110.01 | -4.74 | 5.72 | 100.00 | 0 | -20.0 | -0.00 | -100.0 | 100.0 | 7.27 | 25.56 | -63.88 |
| 21Q3 (8) | -0.04 | 76.47 | 42.86 | 11.42 | -33.22 | -57.8 | -0.20 | 97.23 | 97.84 | -1.21 | 82.69 | 83.63 | -1.21 | 82.69 | 83.63 | -0.31 | 79.74 | 50.79 | 0.08 | 115.38 | 180.0 | 0.11 | 10.0 | 175.0 | 2.88 | 205.11 | -76.0 | 115.49 | -24.36 | 11.02 | -0.00 | -100.0 | -100.0 | 100.00 | 0 | 0 | 5.79 | -68.58 | -62.74 |
| 21Q2 (7) | -0.17 | -288.89 | -750.0 | 17.10 | -21.74 | -50.26 | -7.21 | -263.86 | 35.57 | -6.99 | -217.88 | -58.86 | -6.99 | -217.88 | -58.86 | -1.53 | -262.77 | -466.67 | -0.52 | -178.79 | -1140.0 | 0.10 | 25.0 | 233.33 | -2.74 | -121.92 | -109.86 | 152.69 | 73.2 | 60.98 | 100.00 | 50.0 | -50.0 | -0.00 | -100.0 | 100.0 | 18.43 | 97.75 | 0 |
| 21Q1 (6) | 0.09 | 160.0 | 169.23 | 21.85 | 48.84 | 19.07 | 4.40 | 119.29 | 122.87 | 5.93 | 130.9 | 130.6 | 5.93 | 130.9 | 130.6 | 0.94 | 167.14 | 181.74 | 0.66 | 240.43 | 260.98 | 0.08 | 100.0 | 166.67 | 12.50 | 0 | -29.18 | 88.16 | -15.28 | -4.69 | 66.67 | -46.67 | -33.33 | 33.33 | 233.33 | 0 | 9.32 | -53.7 | -62.72 |
| 20Q4 (5) | -0.15 | -114.29 | 71.7 | 14.68 | -45.75 | -73.15 | -22.81 | -146.86 | 79.76 | -19.19 | -159.68 | 82.24 | -19.19 | -159.68 | 82.24 | -1.40 | -122.22 | 70.09 | -0.47 | -370.0 | 79.3 | 0.04 | 0.0 | 100.0 | 0.00 | -100.0 | 100.0 | 104.06 | 0.03 | 13.83 | 125.00 | 25.0 | 16.67 | -25.00 | 0 | -250.0 | 20.13 | 29.54 | -41.99 |
| 20Q3 (4) | -0.07 | -250.0 | 0.0 | 27.06 | -21.29 | 0.0 | -9.24 | 17.43 | 0.0 | -7.39 | -67.95 | 0.0 | -7.39 | -67.95 | 0.0 | -0.63 | -133.33 | 0.0 | -0.10 | -300.0 | 0.0 | 0.04 | 33.33 | 0.0 | 12.00 | -56.8 | 0.0 | 104.03 | 9.68 | 0.0 | 100.00 | -50.0 | 0.0 | -0.00 | 100.0 | 0.0 | 15.54 | 0 | 0.0 |
| 20Q2 (3) | -0.02 | 84.62 | 0.0 | 34.38 | 87.36 | 0.0 | -11.19 | 41.84 | 0.0 | -4.40 | 77.3 | 0.0 | -4.40 | 77.3 | 0.0 | -0.27 | 76.52 | 0.0 | 0.05 | 112.2 | 0.0 | 0.03 | 0.0 | 0.0 | 27.78 | 57.39 | 0.0 | 94.85 | 2.54 | 0.0 | 200.00 | 100.0 | 0.0 | -100.00 | 0 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | -0.13 | 75.47 | 0.0 | 18.35 | -66.44 | 0.0 | -19.24 | 82.92 | 0.0 | -19.38 | 82.06 | 0.0 | -19.38 | 82.06 | 0.0 | -1.15 | 75.43 | 0.0 | -0.41 | 81.94 | 0.0 | 0.03 | 50.0 | 0.0 | 17.65 | 132.78 | 0.0 | 92.50 | 1.18 | 0.0 | 100.00 | -6.67 | 0.0 | 0.00 | 100.0 | 0.0 | 25.00 | -27.95 | 0.0 |
| 19Q4 (1) | -0.53 | 0.0 | 0.0 | 54.68 | 0.0 | 0.0 | -112.67 | 0.0 | 0.0 | -108.05 | 0.0 | 0.0 | -108.05 | 0.0 | 0.0 | -4.68 | 0.0 | 0.0 | -2.27 | 0.0 | 0.0 | 0.02 | 0.0 | 0.0 | -53.85 | 0.0 | 0.0 | 91.42 | 0.0 | 0.0 | 107.14 | 0.0 | 0.0 | -7.14 | 0.0 | 0.0 | 34.70 | 0.0 | 0.0 |
| EPS YoY | 營業毛利率 YoY | 營業利益率 YoY | 折舊負擔比率 YoY | 稅前淨利率 YoY | 稅後淨利率 YoY | 股東權益報酬率 YoY | 資產報酬率 YoY | 總資產周轉率 YoY | EBITDA利潤率 YoY | 財務槓桿 YoY | 本業收入比 YoY | 業外獲益比 YoY | 無形資產佔總資產比 YoY | 用人費用率 YoY | ||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023 (10) | -0.69 | 0 | 14.94 | -34.47 | -33.77 | 0 | 4.42 | 719.57 | -19.76 | 0 | -19.76 | 0 | -3.23 | 0 | -2.73 | 0 | 0.14 | -89.23 | -15.04 | 0 | 4.07 | -88.36 | 168.89 | 89.47 | -71.11 | 0 | 0.06 | -8.3 | 35.46 | 631.13 |
| 2022 (9) | 5.94 | 0 | 22.80 | 78.54 | 14.29 | 0 | 0.54 | -75.47 | 15.99 | 0 | 15.99 | 0 | 32.62 | 0 | 21.21 | 0 | 1.30 | 225.0 | 16.98 | 1247.62 | 34.96 | -68.22 | 89.14 | -1.95 | 10.49 | 0 | 0.06 | 0 | 4.85 | -49.69 |
| 2021 (8) | -0.31 | 0 | 12.77 | -45.91 | -3.24 | 0 | 2.20 | -88.26 | -3.35 | 0 | -3.35 | 0 | -2.77 | 0 | -0.54 | 0 | 0.40 | 185.71 | 1.26 | -89.92 | 110.01 | 5.72 | 90.91 | -24.24 | -0.00 | 0 | 0.00 | 0 | 9.64 | -52.21 |
| 2020 (7) | -0.37 | 0 | 23.61 | 0 | -15.33 | 0 | 18.75 | -59.72 | -12.35 | 0 | -12.35 | 0 | -3.45 | 0 | -0.93 | 0 | 0.14 | 40.0 | 12.50 | 0 | 104.06 | 13.83 | 120.00 | 15.38 | -20.00 | 0 | 0.00 | 0 | 20.17 | -22.42 |
| 2019 (6) | -1.87 | 0 | -3.76 | 0 | -88.32 | 0 | 46.55 | 33.45 | -85.20 | 0 | -85.20 | 0 | -15.30 | 0 | -7.69 | 0 | 0.10 | -28.57 | -29.31 | 0 | 91.42 | 26.76 | 104.00 | 0 | -4.00 | 0 | 0.00 | 0 | 26.00 | 69.93 |
| 2018 (5) | 0.00 | 0 | 25.79 | 77.74 | -4.33 | 0 | 34.88 | 47.46 | -0.14 | 0 | -0.14 | 0 | -0.03 | 0 | 0.74 | -95.49 | 0.14 | -12.5 | 41.86 | -66.44 | 72.12 | -3.14 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 15.30 | -19.9 |
| 2017 (4) | 3.31 | 409.23 | 14.51 | -20.06 | -23.59 | 0 | 23.66 | 86.88 | 95.48 | 335.58 | 95.48 | 335.58 | 28.02 | 324.55 | 16.42 | 278.34 | 0.16 | -5.88 | 124.73 | 207.9 | 74.46 | -11.48 | -25.00 | 0 | 125.00 | -35.61 | 0.00 | 0 | 19.10 | 45.91 |
| 2016 (3) | 0.65 | 0 | 18.15 | 40.37 | -19.66 | 0 | 12.66 | -12.97 | 21.92 | 0 | 21.92 | 0 | 6.60 | 0 | 4.34 | 0 | 0.17 | 41.67 | 40.51 | 0 | 84.12 | 6.76 | -94.12 | 0 | 194.12 | 0 | 0.00 | 0 | 13.09 | -47.41 |
| 2015 (2) | -1.16 | 0 | 12.93 | 27.39 | -51.69 | 0 | 14.55 | 36.36 | -51.56 | 0 | -51.56 | 0 | -12.96 | 0 | -5.21 | 0 | 0.12 | -20.0 | -27.27 | 0 | 78.79 | -51.45 | 100.00 | 2.7 | -0.00 | 0 | 0.00 | 0 | 24.89 | 11.51 |
| 2014 (1) | -2.81 | 0 | 10.15 | 0 | -48.73 | 0 | 10.67 | 23.9 | -51.27 | 0 | -51.27 | 0 | -18.96 | 0 | -6.70 | 0 | 0.15 | -44.44 | -30.67 | 0 | 162.27 | 21.62 | 97.37 | -1.11 | 5.26 | 242.11 | 0.00 | 0 | 22.32 | -0.84 |
