- 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) | -0.18 | 14.29 | -38.46 | 18.68 | 11.39 | 6.5 | -13.12 | -4.21 | 11.41 | -9.45 | -16.81 | -33.66 | -9.45 | -2.61 | -33.66 | -2.32 | 12.78 | -53.64 | -1.57 | 16.49 | -45.37 | 0.17 | -19.05 | 13.33 | -5.88 | -20.0 | -127.03 | 39.52 | -24.52 | 11.86 | 145.45 | -3.03 | -31.55 | -36.36 | 27.27 | 67.68 | 24.85 | 16.28 | -8.54 |
| 24Q2 (19) | -0.21 | 34.38 | 22.22 | 16.77 | -6.21 | 26.57 | -12.59 | 53.63 | 13.23 | -8.09 | 58.56 | 25.09 | -9.21 | 52.82 | 14.72 | -2.66 | 32.83 | 10.44 | -1.88 | 35.84 | 12.96 | 0.21 | 40.0 | 5.0 | -4.90 | 66.35 | 36.69 | 52.36 | 81.74 | 25.84 | 150.00 | 7.14 | 15.91 | -50.00 | -25.0 | -41.67 | 21.37 | -28.34 | 2.15 |
| 24Q1 (18) | -0.32 | 15.79 | 8.57 | 17.88 | -11.04 | 40.9 | -27.15 | -10.55 | -69.16 | -19.52 | 24.75 | -35.18 | -19.52 | 24.75 | -35.18 | -3.96 | 12.58 | -4.76 | -2.93 | 10.67 | -3.9 | 0.15 | 15.38 | -25.0 | -14.56 | 28.73 | -31.05 | 28.81 | -27.28 | -10.61 | 140.00 | 46.09 | 28.33 | -40.00 | -1060.0 | -340.0 | 29.82 | -8.78 | 39.35 |
| 23Q4 (17) | -0.38 | -192.31 | 22.45 | 20.10 | 14.6 | 31.63 | -24.56 | -65.83 | 7.74 | -25.94 | -266.9 | 4.63 | -25.94 | -266.9 | 4.63 | -4.53 | -200.0 | 10.65 | -3.28 | -203.7 | 13.68 | 0.13 | -13.33 | -7.14 | -20.43 | -688.8 | 4.67 | 39.62 | 12.14 | 15.41 | 95.83 | -54.9 | -0.97 | 4.17 | 103.7 | 29.17 | 32.69 | 20.32 | -5.55 |
| 23Q3 (16) | -0.13 | 51.85 | 50.0 | 17.54 | 32.38 | -4.05 | -14.81 | -2.07 | 17.49 | -7.07 | 34.54 | 39.62 | -7.07 | 34.54 | 39.62 | -1.51 | 49.16 | 41.47 | -1.08 | 50.0 | 43.75 | 0.15 | -25.0 | -11.76 | -2.59 | 66.54 | 67.75 | 35.33 | -15.09 | 10.68 | 212.50 | 64.2 | 36.0 | -112.50 | -218.75 | -100.0 | 27.17 | 29.88 | 4.34 |
| 23Q2 (15) | -0.27 | 22.86 | 20.59 | 13.25 | 4.41 | -7.41 | -14.51 | 9.6 | 4.98 | -10.80 | 25.21 | 9.55 | -10.80 | 25.21 | 9.47 | -2.97 | 21.43 | 8.9 | -2.16 | 23.4 | 13.25 | 0.20 | 0.0 | -4.76 | -7.74 | 30.33 | 15.32 | 41.61 | 29.1 | 19.64 | 129.41 | 18.63 | 0.65 | -35.29 | -288.24 | -23.53 | 20.92 | -2.24 | -2.15 |
| 23Q1 (14) | -0.35 | 28.57 | -12.9 | 12.69 | -16.9 | 8.0 | -16.05 | 39.71 | -11.77 | -14.44 | 46.91 | -30.21 | -14.44 | 46.91 | -30.21 | -3.78 | 25.44 | -29.01 | -2.82 | 25.79 | -25.89 | 0.20 | 42.86 | 0.0 | -11.11 | 48.16 | -38.87 | 32.23 | -6.12 | 29.8 | 109.09 | 12.73 | -17.09 | -9.09 | -381.82 | 71.21 | 21.40 | -38.17 | 2.25 |
| 22Q4 (13) | -0.49 | -88.46 | 5.77 | 15.27 | -16.47 | 53.62 | -26.62 | -48.3 | -44.36 | -27.20 | -132.28 | -48.63 | -27.20 | -132.28 | -48.63 | -5.07 | -96.51 | -6.74 | -3.80 | -97.92 | -5.85 | 0.14 | -17.65 | -30.0 | -21.43 | -166.87 | -37.02 | 34.33 | 7.55 | -3.08 | 96.77 | -38.06 | -3.23 | 3.23 | 105.73 | 0 | 34.61 | 32.91 | 55.13 |
| 22Q3 (12) | -0.26 | 23.53 | 39.53 | 18.28 | 27.74 | 40.4 | -17.95 | -17.55 | -31.31 | -11.71 | 1.93 | 31.84 | -11.71 | 1.84 | 31.88 | -2.58 | 20.86 | 30.08 | -1.92 | 22.89 | 27.82 | 0.17 | -19.05 | 13.33 | -8.03 | 12.14 | 43.41 | 31.92 | -8.22 | 8.9 | 156.25 | 21.53 | 100.89 | -56.25 | -96.88 | -403.75 | 26.04 | 21.8 | 6.16 |
| 22Q2 (11) | -0.34 | -9.68 | -111.64 | 14.31 | 21.79 | 19.45 | -15.27 | -6.34 | 10.39 | -11.94 | -7.66 | -113.8 | -11.93 | -7.57 | -116.02 | -3.26 | -11.26 | -111.47 | -2.49 | -11.16 | -113.08 | 0.21 | 5.0 | -19.23 | -9.14 | -14.25 | -110.32 | 34.78 | 40.07 | -26.81 | 128.57 | -2.29 | 748.98 | -28.57 | 9.52 | -123.94 | 21.38 | 2.15 | 31.49 |
| 22Q1 (10) | -0.31 | 40.38 | -40.91 | 11.75 | 18.21 | -19.24 | -14.36 | 22.13 | -35.98 | -11.09 | 39.4 | -75.47 | -11.09 | 39.4 | -74.92 | -2.93 | 38.32 | -18.62 | -2.24 | 37.6 | -42.68 | 0.20 | 0.0 | -20.0 | -8.00 | 48.85 | -116.22 | 24.83 | -29.9 | -52.19 | 131.58 | 31.58 | -19.91 | -31.58 | 0 | 50.88 | 20.93 | -6.19 | 8.84 |
| 21Q4 (9) | -0.52 | -20.93 | -173.68 | 9.94 | -23.66 | -23.95 | -18.44 | -34.89 | -356.44 | -18.30 | -6.52 | -411.17 | -18.30 | -6.46 | -409.75 | -4.75 | -28.73 | -130.58 | -3.59 | -34.96 | -171.97 | 0.20 | 33.33 | -45.95 | -15.64 | -10.22 | -928.95 | 35.42 | 20.85 | -42.73 | 100.00 | 28.57 | -7.69 | -0.00 | -100.0 | 100.0 | 22.31 | -9.05 | 80.94 |
| 21Q3 (8) | -0.43 | -114.73 | -138.89 | 13.02 | 8.68 | -19.98 | -13.67 | 19.78 | -40.21 | -17.18 | -119.85 | -228.49 | -17.19 | -123.08 | -226.81 | -3.69 | -112.99 | -97.33 | -2.66 | -113.97 | -125.42 | 0.15 | -42.31 | -34.78 | -14.19 | -116.02 | -506.41 | 29.31 | -38.32 | -41.64 | 77.78 | 492.59 | -59.26 | 18.52 | -84.48 | 120.37 | 24.53 | 50.86 | 26.44 |
| 21Q2 (7) | 2.92 | 1427.27 | 812.2 | 11.98 | -17.66 | -7.42 | -17.04 | -61.36 | -58.22 | 86.55 | 1469.46 | 904.37 | 74.47 | 1274.61 | 792.1 | 28.41 | 1250.2 | 799.75 | 19.04 | 1312.74 | 840.86 | 0.26 | 4.0 | 8.33 | 88.57 | 2493.78 | 1149.41 | 47.52 | -8.51 | -27.21 | -19.81 | -112.06 | -119.81 | 119.34 | 285.64 | 0 | 16.26 | -15.44 | 0 |
| 21Q1 (6) | -0.22 | -15.79 | -2300.0 | 14.55 | 11.32 | -29.16 | -10.56 | -161.39 | -794.92 | -6.32 | -76.54 | -2138.71 | -6.34 | -76.6 | -2145.16 | -2.47 | -19.9 | -1864.29 | -1.57 | -18.94 | -1527.27 | 0.25 | -32.43 | -13.79 | -3.70 | -143.42 | -276.19 | 51.94 | -16.02 | 5.23 | 164.29 | 51.65 | 154.76 | -64.29 | -285.71 | -116.07 | 19.23 | 55.96 | 24.47 |
| 20Q4 (5) | -0.19 | -5.56 | 48.65 | 13.07 | -19.67 | -15.13 | -4.04 | 58.56 | 40.15 | -3.58 | 31.55 | 54.63 | -3.59 | 31.75 | 54.5 | -2.06 | -10.16 | 40.97 | -1.32 | -11.86 | 41.33 | 0.37 | 60.87 | 27.59 | -1.52 | 35.04 | 75.0 | 61.85 | 23.16 | 16.22 | 108.33 | -43.25 | 24.58 | -16.67 | 81.67 | -227.78 | 12.33 | -36.44 | 0 |
| 20Q3 (4) | -0.18 | 56.1 | 0.0 | 16.27 | 25.73 | 0.0 | -9.75 | 9.47 | 0.0 | -5.23 | 51.39 | 0.0 | -5.26 | 51.12 | 0.0 | -1.87 | 53.94 | 0.0 | -1.18 | 54.09 | 0.0 | 0.23 | -4.17 | 0.0 | -2.34 | 72.27 | 0.0 | 50.22 | -23.07 | 0.0 | 190.91 | 90.91 | 0.0 | -90.91 | 0 | 0.0 | 19.40 | 0 | 0.0 |
| 20Q2 (3) | -0.41 | -4200.0 | 0.0 | 12.94 | -37.0 | 0.0 | -10.77 | -812.71 | 0.0 | -10.76 | -3570.97 | 0.0 | -10.76 | -3570.97 | 0.0 | -4.06 | -3000.0 | 0.0 | -2.57 | -2436.36 | 0.0 | 0.24 | -17.24 | 0.0 | -8.44 | -501.9 | 0.0 | 65.28 | 32.25 | 0.0 | 100.00 | 133.33 | 0.0 | -0.00 | -100.0 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | 0.01 | 102.7 | 0.0 | 20.54 | 33.38 | 0.0 | -1.18 | 82.52 | 0.0 | 0.31 | 103.93 | 0.0 | 0.31 | 103.93 | 0.0 | 0.14 | 104.01 | 0.0 | 0.11 | 104.89 | 0.0 | 0.29 | 0.0 | 0.0 | 2.10 | 134.54 | 0.0 | 49.36 | -7.25 | 0.0 | -300.00 | -445.0 | 0.0 | 400.00 | 2966.67 | 0.0 | 15.45 | 0 | 0.0 |
| 19Q4 (1) | -0.37 | 0.0 | 0.0 | 15.40 | 0.0 | 0.0 | -6.75 | 0.0 | 0.0 | -7.89 | 0.0 | 0.0 | -7.89 | 0.0 | 0.0 | -3.49 | 0.0 | 0.0 | -2.25 | 0.0 | 0.0 | 0.29 | 0.0 | 0.0 | -6.08 | 0.0 | 0.0 | 53.22 | 0.0 | 0.0 | 86.96 | 0.0 | 0.0 | 13.04 | 0.0 | 0.0 | 0.00 | 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) | -1.14 | 0 | 15.28 | 4.3 | -16.83 | 0 | 3.10 | 23.82 | -13.75 | 0 | -13.75 | 0 | -12.80 | 0 | -9.30 | 0 | 0.68 | -2.86 | -9.88 | 0 | 39.62 | 15.41 | 122.54 | 0.57 | -22.54 | 0 | 1.25 | -0.9 | 24.58 | -0.85 |
| 2022 (9) | -1.39 | 0 | 14.65 | 17.95 | -17.75 | 0 | 2.50 | 52.75 | -14.50 | 0 | -14.50 | 0 | -13.76 | 0 | -10.16 | 0 | 0.70 | -19.54 | -11.02 | 0 | 34.33 | -3.08 | 121.84 | 0 | -21.84 | 0 | 1.26 | 3.83 | 24.79 | 23.7 |
| 2021 (8) | 1.75 | 0 | 12.42 | -20.84 | -14.94 | 0 | 1.64 | 2.8 | 17.51 | 0 | 13.77 | 0 | 17.75 | 0 | 12.08 | 0 | 0.87 | -22.32 | 20.18 | 0 | 35.42 | -42.73 | -85.61 | 0 | 184.89 | 0 | 1.21 | 9.88 | 20.04 | 29.12 |
| 2020 (7) | -0.76 | 0 | 15.69 | 6.16 | -5.92 | 0 | 1.59 | 19.61 | -4.47 | 0 | -4.47 | 0 | -7.85 | 0 | -4.95 | 0 | 1.12 | 3.7 | -2.25 | 0 | 61.85 | 16.22 | 131.25 | 2.79 | -31.25 | 0 | 1.10 | 10.47 | 15.52 | 1.57 |
| 2019 (6) | -1.05 | 0 | 14.78 | 13.26 | -6.94 | 0 | 1.33 | 188.0 | -5.43 | 0 | -5.44 | 0 | -9.48 | 0 | -5.78 | 0 | 1.08 | -11.48 | -3.42 | 0 | 53.22 | -21.4 | 127.69 | -54.84 | -27.69 | 0 | 1.00 | 21.16 | 15.28 | 22.34 |
| 2018 (5) | -0.47 | 0 | 13.05 | -16.98 | -5.45 | 0 | 0.46 | -38.79 | -1.92 | 0 | -1.94 | 0 | -3.68 | 0 | -2.35 | 0 | 1.22 | 28.42 | -0.86 | 0 | 67.71 | 46.08 | 282.76 | 188.77 | -182.76 | 0 | 0.82 | -4.9 | 12.49 | -15.49 |
| 2017 (4) | -1.57 | 0 | 15.72 | -18.89 | -7.86 | 0 | 0.76 | -30.2 | -8.11 | 0 | -8.21 | 0 | -10.65 | 0 | -7.79 | 0 | 0.95 | 120.93 | -5.80 | 0 | 46.35 | 65.3 | 97.92 | -51.04 | 3.12 | 0 | 0.87 | 0 | 14.78 | -44.39 |
| 2016 (3) | -1.16 | 0 | 19.38 | 99.79 | -22.27 | 0 | 1.08 | 4.13 | -11.19 | 0 | -13.15 | 0 | -7.22 | 0 | -5.64 | 0 | 0.43 | 19.44 | -2.48 | 0 | 28.04 | 0.97 | 200.00 | 60.94 | -100.00 | 0 | 0.00 | 0 | 26.58 | -20.54 |
| 2015 (2) | -2.75 | 0 | 9.70 | -36.23 | -30.94 | 0 | 1.04 | -41.47 | -24.83 | 0 | -25.46 | 0 | -16.40 | 0 | -9.13 | 0 | 0.36 | -20.0 | -18.94 | 0 | 27.77 | -77.05 | 124.27 | 3.64 | -24.69 | 0 | 0.00 | 0 | 33.45 | 40.72 |
| 2014 (1) | -3.01 | 0 | 15.21 | 0 | -16.04 | 0 | 1.78 | -0.06 | -13.39 | 0 | -17.01 | 0 | -15.50 | 0 | -7.02 | 0 | 0.45 | -10.0 | -5.21 | 0 | 121.02 | 35.66 | 119.91 | 37.3 | -19.91 | 0 | 0.00 | 0 | 23.77 | -13.22 |
