- 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) | 0.10 | 350.0 | -65.52 | 32.41 | 11.45 | -0.31 | 5.03 | 133.01 | 4.36 | 5.37 | 365.84 | -58.18 | 4.36 | 237.11 | -66.54 | 1.33 | 321.67 | -67.48 | 0.94 | 368.57 | -66.43 | 0.20 | 53.85 | -4.76 | 8.23 | 97.36 | -50.92 | 50.62 | -0.63 | 5.55 | 100.00 | -86.67 | 185.71 | 12.50 | 101.92 | -79.17 | 0.00 | -100.0 | -100.0 |
| 24Q2 (19) | -0.04 | 71.43 | 42.86 | 29.08 | -10.36 | -12.28 | -15.24 | 3.85 | -96.39 | -2.02 | 82.31 | 52.02 | -3.18 | 73.01 | 44.5 | -0.60 | 68.09 | 51.61 | -0.35 | 72.22 | 53.33 | 0.13 | 18.18 | -7.14 | 4.17 | 185.45 | 120.63 | 50.94 | 16.75 | -3.27 | 750.00 | 419.23 | 275.0 | -650.00 | -1362.5 | -550.0 | 31.51 | -14.19 | 5.46 |
| 24Q1 (18) | -0.14 | -177.78 | 57.58 | 32.44 | -16.69 | 16.86 | -15.85 | -426.8 | 50.3 | -11.42 | -195.33 | 68.7 | -11.78 | -197.52 | 69.47 | -1.88 | -171.48 | 58.5 | -1.26 | -166.32 | 57.72 | 0.11 | -26.67 | 37.5 | -4.88 | -128.77 | 80.8 | 43.63 | 9.57 | -7.64 | 144.44 | 275.56 | 67.25 | -44.44 | -172.22 | -425.93 | 36.72 | 48.91 | -25.79 |
| 23Q4 (17) | 0.18 | -37.93 | 150.0 | 38.94 | 19.78 | 13.86 | 4.85 | 0.62 | 122.17 | 11.98 | -6.7 | 146.65 | 12.08 | -7.29 | 146.32 | 2.63 | -35.7 | 155.25 | 1.90 | -32.14 | 160.9 | 0.15 | -28.57 | 25.0 | 16.96 | 1.13 | 186.57 | 39.82 | -16.97 | -20.15 | 38.46 | 9.89 | -54.21 | 61.54 | 2.56 | 284.62 | 24.66 | 32.79 | -13.29 |
| 23Q3 (16) | 0.29 | 514.29 | 222.22 | 32.51 | -1.93 | -3.59 | 4.82 | 162.11 | 273.64 | 12.84 | 404.99 | 96.03 | 13.03 | 327.4 | 146.31 | 4.09 | 429.84 | 261.95 | 2.80 | 473.33 | 233.33 | 0.21 | 50.0 | 40.0 | 16.77 | 787.3 | 38.94 | 47.96 | -8.93 | 0.88 | 35.00 | -82.5 | 180.0 | 60.00 | 160.0 | -20.0 | 18.57 | -37.85 | -43.09 |
| 23Q2 (15) | -0.07 | 78.79 | 69.57 | 33.15 | 19.42 | 26.24 | -7.76 | 75.67 | 70.72 | -4.21 | 88.46 | 78.97 | -5.73 | 85.15 | 74.77 | -1.24 | 72.63 | 56.18 | -0.75 | 74.83 | 64.29 | 0.14 | 75.0 | 55.56 | 1.89 | 107.44 | 116.54 | 52.66 | 11.47 | 34.58 | 200.00 | 131.58 | 47.37 | -100.00 | -833.33 | -180.0 | 29.88 | -39.61 | -10.99 |
| 23Q1 (14) | -0.33 | 8.33 | 25.0 | 27.76 | -18.83 | 522.42 | -31.89 | -45.75 | 63.22 | -36.48 | -42.06 | 44.5 | -38.59 | -47.97 | 44.42 | -4.53 | 4.83 | 7.93 | -2.98 | 4.49 | 24.37 | 0.08 | -33.33 | 33.33 | -25.42 | -29.76 | 53.58 | 47.24 | -5.27 | 81.07 | 86.36 | 2.81 | -34.64 | 13.64 | -14.77 | 142.42 | 49.48 | 73.98 | -27.76 |
| 22Q4 (13) | -0.36 | -500.0 | -169.23 | 34.20 | 1.42 | 111.5 | -21.88 | -1796.12 | 71.26 | -25.68 | -492.06 | -117.2 | -26.08 | -593.01 | -117.25 | -4.76 | -521.24 | -127.59 | -3.12 | -471.43 | -122.96 | 0.12 | -20.0 | 33.33 | -19.59 | -262.3 | -112.17 | 49.87 | 4.9 | 120.37 | 84.00 | 572.0 | 262.86 | 16.00 | -78.67 | -89.44 | 28.44 | -12.84 | -31.25 |
| 22Q3 (12) | 0.09 | 139.13 | 120.0 | 33.72 | 28.41 | 81.68 | 1.29 | 104.87 | 101.42 | 6.55 | 132.72 | 107.99 | 5.29 | 123.29 | 106.77 | 1.13 | 139.93 | 118.28 | 0.84 | 140.0 | 119.76 | 0.15 | 66.67 | 150.0 | 12.07 | 205.6 | 120.28 | 47.54 | 21.49 | 19.51 | 12.50 | -90.79 | -88.82 | 75.00 | 310.0 | 737.5 | 32.63 | -2.8 | -66.83 |
| 22Q2 (11) | -0.23 | 47.73 | 50.0 | 26.26 | 488.79 | 60.61 | -26.50 | 69.44 | 33.82 | -20.02 | 69.54 | 48.23 | -22.71 | 67.29 | 44.93 | -2.83 | 42.48 | 51.12 | -2.10 | 46.7 | 46.97 | 0.09 | 50.0 | -10.0 | -11.43 | 79.13 | 54.28 | 39.13 | 49.98 | -14.21 | 135.71 | 2.7 | 31.47 | -35.71 | -11.11 | -1007.14 | 33.57 | -50.99 | -16.51 |
| 22Q1 (10) | -0.44 | -184.62 | 10.2 | 4.46 | -72.42 | -91.09 | -86.71 | -13.9 | -435.25 | -65.73 | -144.03 | -330.45 | -69.43 | -145.93 | -47.28 | -4.92 | -128.52 | 15.46 | -3.94 | -128.99 | 6.86 | 0.06 | -33.33 | -33.33 | -54.76 | -134.03 | 0 | 26.09 | 15.29 | -26.15 | 132.14 | 356.2 | 21.13 | -32.14 | -121.21 | -253.57 | 68.49 | 65.55 | 59.91 |
| 21Q4 (9) | 0.52 | 215.56 | 230.0 | 16.17 | -12.88 | -42.5 | -76.13 | 15.95 | -185.45 | 149.29 | 282.15 | 684.99 | 151.17 | 293.46 | 713.27 | 17.25 | 379.13 | 481.64 | 13.59 | 419.76 | 524.69 | 0.09 | 50.0 | -35.71 | 160.94 | 370.4 | 1136.98 | 22.63 | -43.11 | -29.98 | -51.58 | -146.15 | -149.92 | 151.58 | 1388.42 | 4647.37 | 41.37 | -57.94 | 28.84 |
| 21Q3 (8) | -0.45 | 2.17 | -87.5 | 18.56 | 13.52 | -14.15 | -90.58 | -126.22 | -247.32 | -81.96 | -111.95 | -311.03 | -78.14 | -89.48 | -356.69 | -6.18 | -6.74 | -103.29 | -4.25 | -7.32 | -103.35 | 0.06 | -40.0 | -53.85 | -59.52 | -138.08 | -475.63 | 39.78 | -12.78 | 7.63 | 111.76 | 8.27 | -14.31 | -11.76 | -264.71 | 61.34 | 98.36 | 144.62 | 190.66 |
| 21Q2 (7) | -0.46 | 6.12 | -130.0 | 16.35 | -67.35 | -33.73 | -40.04 | -147.16 | -24.19 | -38.67 | -153.24 | -72.33 | -41.24 | 12.52 | -94.71 | -5.79 | 0.52 | -77.06 | -3.96 | 6.38 | -84.19 | 0.10 | 11.11 | -9.09 | -25.00 | 0 | -136.29 | 45.61 | 29.1 | 16.32 | 103.23 | -5.38 | -28.05 | -3.23 | 64.52 | 92.58 | 40.21 | -6.12 | 0 |
| 21Q1 (6) | -0.49 | -22.5 | -13.95 | 50.08 | 78.09 | 137.35 | -16.20 | 39.26 | 73.74 | -15.27 | 40.16 | 73.9 | -47.14 | -91.24 | 6.71 | -5.82 | -28.76 | -7.38 | -4.23 | -32.19 | -20.51 | 0.09 | -35.71 | 28.57 | 0.00 | 100.0 | 100.0 | 35.33 | 9.31 | -22.71 | 109.09 | 5.57 | 4.45 | -9.09 | -172.73 | -104.55 | 42.83 | 33.39 | -11.38 |
| 20Q4 (5) | -0.40 | -66.67 | -600.0 | 28.12 | 30.06 | 55.27 | -26.67 | -2.26 | -1875.56 | -25.52 | -27.98 | -2844.09 | -24.65 | -44.07 | -2025.78 | -4.52 | -48.68 | -817.46 | -3.20 | -53.11 | -753.06 | 0.14 | 7.69 | -51.72 | -15.52 | -50.1 | -451.93 | 32.32 | -12.55 | -37.99 | 103.33 | -20.78 | 162.0 | -3.33 | 89.05 | -101.25 | 32.11 | -5.11 | 289.68 |
| 20Q3 (4) | -0.24 | -20.0 | 0.0 | 21.62 | -12.36 | 0.0 | -26.08 | 19.11 | 0.0 | -19.94 | 11.14 | 0.0 | -17.11 | 19.22 | 0.0 | -3.04 | 7.03 | 0.0 | -2.09 | 2.79 | 0.0 | 0.13 | 18.18 | 0.0 | -10.34 | 2.27 | 0.0 | 36.96 | -5.74 | 0.0 | 130.43 | -9.09 | 0.0 | -30.43 | 30.0 | 0.0 | 33.84 | 0 | 0.0 |
| 20Q2 (3) | -0.20 | 53.49 | 0.0 | 24.67 | 16.92 | 0.0 | -32.24 | 47.74 | 0.0 | -22.44 | 61.65 | 0.0 | -21.18 | 58.08 | 0.0 | -3.27 | 39.67 | 0.0 | -2.15 | 38.75 | 0.0 | 0.11 | 57.14 | 0.0 | -10.58 | 74.88 | 0.0 | 39.21 | -14.22 | 0.0 | 143.48 | 37.37 | 0.0 | -43.48 | -878.26 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | -0.43 | -637.5 | 0.0 | 21.10 | 16.51 | 0.0 | -61.69 | -4469.63 | 0.0 | -58.51 | -6391.4 | 0.0 | -50.53 | -4047.66 | 0.0 | -5.42 | -960.32 | 0.0 | -3.51 | -816.33 | 0.0 | 0.07 | -75.86 | 0.0 | -42.11 | -1054.88 | 0.0 | 45.71 | -12.3 | 0.0 | 104.44 | 162.67 | 0.0 | -4.44 | -101.67 | 0.0 | 48.33 | 486.53 | 0.0 |
| 19Q4 (1) | 0.08 | 0.0 | 0.0 | 18.11 | 0.0 | 0.0 | -1.35 | 0.0 | 0.0 | 0.93 | 0.0 | 0.0 | 1.28 | 0.0 | 0.0 | 0.63 | 0.0 | 0.0 | 0.49 | 0.0 | 0.0 | 0.29 | 0.0 | 0.0 | 4.41 | 0.0 | 0.0 | 52.12 | 0.0 | 0.0 | -166.67 | 0.0 | 0.0 | 266.67 | 0.0 | 0.0 | 8.24 | 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) | 0.08 | 0 | 33.67 | 18.35 | -3.31 | 0 | 4.86 | -24.54 | 1.66 | 0 | 1.09 | 0 | 0.91 | 0 | 0.92 | 0 | 0.58 | 34.88 | 7.41 | 0 | 39.82 | -20.15 | -200.00 | 0 | 300.00 | 0 | 0.00 | 0 | 27.16 | -25.08 |
| 2022 (9) | -0.94 | 0 | 28.45 | 8.09 | -23.07 | 0 | 6.44 | -44.17 | -18.21 | 0 | -19.84 | 0 | -11.52 | 0 | -8.33 | 0 | 0.43 | 30.3 | -11.04 | 0 | 49.87 | 120.37 | 127.12 | 0 | -27.12 | 0 | 0.13 | -4.01 | 36.25 | -28.43 |
| 2021 (8) | -0.88 | 0 | 26.32 | 9.12 | -50.26 | 0 | 11.54 | 21.89 | 7.25 | 0 | -1.58 | 0 | -0.67 | 0 | 0.19 | 0 | 0.33 | -21.43 | 22.31 | 0 | 22.63 | -29.98 | -689.47 | 0 | 784.21 | 0 | 0.13 | -63.08 | 50.65 | 42.56 |
| 2020 (7) | -1.27 | 0 | 24.12 | 5.47 | -34.37 | 0 | 9.47 | 149.81 | -29.27 | 0 | -26.43 | 0 | -16.02 | 0 | -10.68 | 0 | 0.42 | -54.84 | -17.96 | 0 | 32.32 | -37.99 | 117.36 | 0 | -17.36 | 0 | 0.36 | 2.25 | 35.53 | 140.72 |
| 2019 (6) | 0.21 | -67.19 | 22.87 | -16.53 | -1.31 | 0 | 3.79 | -11.03 | 1.29 | 20.56 | 0.27 | -47.06 | 0.38 | -42.42 | 0.68 | -5.56 | 0.93 | 13.41 | 5.82 | -10.19 | 52.12 | -0.97 | -100.00 | 0 | 200.00 | 14.29 | 0.36 | 115.51 | 14.76 | -17.77 |
| 2018 (5) | 0.64 | -11.11 | 27.40 | 8.73 | -0.89 | 0 | 4.26 | 6.8 | 1.07 | -50.46 | 0.51 | 15.91 | 0.66 | -5.71 | 0.72 | -14.29 | 0.82 | -12.77 | 6.48 | -12.31 | 52.63 | -22.48 | -83.33 | 0 | 175.00 | 130.68 | 0.17 | 0 | 17.95 | 5.22 |
| 2017 (4) | 0.72 | 35.85 | 25.20 | -12.32 | 0.58 | 0 | 3.99 | -22.39 | 2.16 | 125.0 | 0.44 | 0 | 0.70 | 0 | 0.84 | 27.27 | 0.94 | 22.08 | 7.39 | -8.54 | 67.89 | 1.98 | 27.59 | 0 | 75.86 | -75.4 | 0.00 | 0 | 17.06 | -19.53 |
| 2016 (3) | 0.53 | 96.3 | 28.74 | 7.28 | -2.03 | 0 | 5.14 | 0.05 | 0.96 | 0 | -0.08 | 0 | -0.10 | 0 | 0.66 | 0 | 0.77 | -1.28 | 8.08 | 44.54 | 66.57 | -21.47 | -208.33 | 0 | 308.33 | 0 | 0.00 | 0 | 21.20 | -8.15 |
| 2015 (2) | 0.27 | 0 | 26.79 | 140.05 | -1.87 | 0 | 5.14 | -23.87 | -1.15 | 0 | -1.10 | 0 | -1.54 | 0 | -0.29 | 0 | 0.78 | 30.0 | 5.59 | 0 | 84.77 | 12.62 | 166.67 | 59.13 | -66.67 | 0 | 0.00 | 0 | 23.08 | -23.88 |
| 2014 (1) | -2.75 | 0 | 11.16 | 0 | -30.24 | 0 | 6.75 | 47.89 | -28.87 | 0 | -32.10 | 0 | -33.16 | 0 | -18.92 | 0 | 0.60 | -10.45 | -20.50 | 0 | 75.27 | 9.87 | 104.73 | -24.91 | -4.73 | 0 | 0.00 | 0 | 30.32 | 24.62 |
