- 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) | 0.07 | 0 | 153.85 | 16.88 | 5.63 | 51.94 | 2.55 | 55.49 | 133.91 | 4.63 | 2793.75 | 164.22 | 4.63 | 2793.75 | 164.22 | 0.61 | 2950.0 | 148.41 | 0.32 | 77.78 | 366.67 | 0.04 | 0.0 | -20.0 | 14.52 | 22.43 | 328.32 | 292.68 | 11.7 | 0.27 | 66.67 | 0 | -33.33 | 33.33 | 0 | 0 | 0.00 | -100.0 | -100.0 |
| 24Q2 (19) | 0.00 | 100.0 | 100.0 | 15.98 | 30.45 | 89.11 | 1.64 | 116.4 | 114.4 | 0.16 | 101.02 | 101.03 | 0.16 | 101.02 | 101.03 | 0.02 | 101.2 | 100.83 | 0.18 | 152.94 | 140.0 | 0.04 | 33.33 | 0.0 | 11.86 | 396.5 | 414.59 | 262.02 | 5.59 | -2.16 | 0.00 | -100.0 | -100.0 | 0.00 | -100.0 | -100.0 | 23.53 | -29.78 | -4.58 |
| 24Q1 (18) | -0.19 | -11.76 | 47.22 | 12.25 | 4.08 | 161.19 | -10.00 | -40.65 | 54.98 | -15.66 | -66.77 | 37.33 | -15.66 | -66.77 | 37.33 | -1.67 | -21.01 | 49.24 | -0.34 | -61.9 | 53.42 | 0.03 | -25.0 | -25.0 | -4.00 | -336.69 | 63.2 | 248.14 | 14.81 | -4.08 | 62.50 | -6.25 | -25.0 | 37.50 | 125.0 | 350.0 | 33.51 | 49.4 | 0.78 |
| 23Q4 (17) | -0.17 | -30.77 | 39.29 | 11.77 | 5.94 | 89.23 | -7.11 | 5.45 | 33.61 | -9.39 | -30.24 | 35.68 | -9.39 | -30.24 | 35.68 | -1.38 | -9.52 | 44.13 | -0.21 | -75.0 | 61.11 | 0.04 | -20.0 | -20.0 | 1.69 | -50.15 | 134.35 | 216.13 | -25.96 | -13.14 | 66.67 | -33.33 | -14.29 | 16.67 | 0 | -25.0 | 22.43 | 0.76 | -2.65 |
| 23Q3 (16) | -0.13 | 50.0 | -533.33 | 11.11 | 31.48 | -2.11 | -7.52 | 33.98 | -261.54 | -7.21 | 53.66 | -618.71 | -7.21 | 53.66 | -618.71 | -1.26 | 47.5 | -625.0 | -0.12 | 73.33 | -200.0 | 0.05 | 25.0 | 0.0 | 3.39 | 189.92 | -28.78 | 291.90 | 9.0 | 25.84 | 100.00 | 33.33 | 200.0 | -0.00 | -100.0 | -100.0 | 22.26 | -9.73 | 5.25 |
| 23Q2 (15) | -0.26 | 27.78 | -30.0 | 8.45 | 80.17 | -17.16 | -11.39 | 48.72 | -4.59 | -15.56 | 37.74 | -15.69 | -15.56 | 37.74 | -15.69 | -2.40 | 27.05 | -40.35 | -0.45 | 38.36 | 8.16 | 0.04 | 0.0 | 0.0 | -3.77 | 65.32 | 55.7 | 267.80 | 3.52 | 21.19 | 75.00 | -10.0 | -10.0 | 25.00 | 200.0 | 50.0 | 24.66 | -25.83 | -4.9 |
| 23Q1 (14) | -0.36 | -28.57 | -224.14 | 4.69 | -24.6 | -75.01 | -22.21 | -107.38 | -7040.62 | -24.99 | -71.16 | -250.45 | -24.99 | -71.16 | -250.45 | -3.29 | -33.2 | -229.02 | -0.73 | -35.19 | -185.88 | 0.04 | -20.0 | -20.0 | -10.87 | -120.93 | -156.32 | 258.70 | 3.96 | 22.04 | 83.33 | 7.14 | 0 | 8.33 | -62.5 | -91.67 | 33.25 | 44.31 | 28.38 |
| 22Q4 (13) | -0.28 | -1033.33 | -286.67 | 6.22 | -45.2 | -69.92 | -10.71 | -414.9 | -242.23 | -14.60 | -1150.36 | -303.63 | -14.60 | -1150.36 | -303.63 | -2.47 | -1129.17 | -282.96 | -0.54 | -550.0 | -212.5 | 0.05 | 0.0 | -16.67 | -4.92 | -203.36 | -147.81 | 248.84 | 7.27 | 14.42 | 77.78 | 177.78 | -22.22 | 22.22 | -88.89 | 0 | 23.04 | 8.94 | 18.76 |
| 22Q3 (12) | 0.03 | 115.0 | -82.35 | 11.35 | 11.27 | -40.82 | -2.08 | 80.9 | -145.41 | 1.39 | 110.33 | -84.22 | 1.39 | 110.33 | -84.22 | 0.24 | 114.04 | -84.42 | 0.12 | 124.49 | -76.92 | 0.05 | 25.0 | -16.67 | 4.76 | 155.93 | -57.84 | 231.97 | 4.98 | 7.44 | -100.00 | -220.0 | -266.67 | 200.00 | 1100.0 | 233.33 | 21.15 | -18.43 | 8.24 |
| 22Q2 (11) | -0.20 | -168.97 | -185.71 | 10.20 | -45.66 | -30.66 | -10.89 | -3503.12 | -361.44 | -13.45 | -180.98 | -157.66 | -13.45 | -180.98 | -157.66 | -1.71 | -167.06 | -159.09 | -0.49 | -157.65 | -188.24 | 0.04 | -20.0 | 0.0 | -8.51 | -144.09 | -283.33 | 220.97 | 4.24 | 5.59 | 83.33 | 0 | 66.67 | 16.67 | -83.33 | -66.67 | 25.93 | 0.12 | -3.46 |
| 22Q1 (10) | 0.29 | 93.33 | 293.33 | 18.77 | -9.24 | 67.14 | 0.32 | -95.75 | 102.87 | 16.61 | 131.66 | 250.32 | 16.61 | 131.66 | 250.32 | 2.55 | 88.89 | 290.3 | 0.85 | 77.08 | 302.38 | 0.05 | -16.67 | 25.0 | 19.30 | 87.56 | 382.99 | 211.98 | -2.52 | 5.44 | 0.00 | -100.0 | -100.0 | 100.00 | 0 | 0 | 25.90 | 33.51 | -18.5 |
| 21Q4 (9) | 0.15 | -11.76 | 87.5 | 20.68 | 7.82 | 16.18 | 7.53 | 64.41 | 98.68 | 7.17 | -18.62 | 55.53 | 7.17 | -18.62 | 65.97 | 1.35 | -12.34 | 95.65 | 0.48 | -7.69 | 77.78 | 0.06 | 0.0 | 20.0 | 10.29 | -8.86 | 49.13 | 217.47 | 0.73 | 9.69 | 100.00 | 66.67 | 50.0 | 0.00 | -100.0 | 0 | 19.40 | -0.72 | -13.51 |
| 21Q3 (8) | 0.17 | 342.86 | -15.0 | 19.18 | 30.39 | 67.66 | 4.58 | 294.07 | 195.22 | 8.81 | 268.77 | -34.74 | 8.81 | 268.77 | -34.74 | 1.54 | 333.33 | -13.97 | 0.52 | 405.88 | -17.46 | 0.06 | 50.0 | 50.0 | 11.29 | 608.56 | -33.67 | 215.90 | 3.16 | 9.39 | 60.00 | 20.0 | 280.0 | 60.00 | 20.0 | -60.0 | 19.54 | -27.25 | -21.21 |
| 21Q2 (7) | -0.07 | 53.33 | -250.0 | 14.71 | 30.99 | 12.03 | -2.36 | 78.85 | 51.74 | -5.22 | 52.76 | -207.06 | -5.22 | 52.76 | -207.06 | -0.66 | 50.75 | -288.24 | -0.17 | 59.52 | -750.0 | 0.04 | 0.0 | 0.0 | -2.22 | 67.45 | -179.86 | 209.28 | 4.1 | 0.89 | 50.00 | -50.0 | -75.0 | 50.00 | 0 | 150.0 | 26.86 | -15.48 | 0 |
| 21Q1 (6) | -0.15 | -287.5 | 16.67 | 11.23 | -36.91 | -7.11 | -11.16 | -394.46 | -63.4 | -11.05 | -339.7 | 11.03 | -11.05 | -355.79 | 11.03 | -1.34 | -294.2 | 17.28 | -0.42 | -255.56 | 40.85 | 0.04 | -20.0 | -33.33 | -6.82 | -198.84 | 21.61 | 201.04 | 1.41 | 64.73 | 100.00 | 50.0 | 100.0 | -0.00 | 0 | -100.0 | 31.78 | 41.69 | 4.92 |
| 20Q4 (5) | 0.08 | -60.0 | 60.0 | 17.80 | 55.59 | 26.42 | 3.79 | 178.79 | 129.7 | 4.61 | -65.85 | 111.47 | 4.32 | -68.0 | 98.17 | 0.69 | -61.45 | 68.29 | 0.27 | -57.14 | -6.9 | 0.05 | 25.0 | -54.55 | 6.90 | -59.46 | 58.62 | 198.25 | 0.45 | 96.83 | 66.67 | 300.0 | -33.33 | 0.00 | -100.0 | 0 | 22.43 | -9.56 | 7.78 |
| 20Q3 (4) | 0.20 | 1100.0 | 0.0 | 11.44 | -12.87 | 0.0 | -4.81 | 1.64 | 0.0 | 13.50 | 894.12 | 0.0 | 13.50 | 894.12 | 0.0 | 1.79 | 1152.94 | 0.0 | 0.63 | 3250.0 | 0.0 | 0.04 | 0.0 | 0.0 | 17.02 | 512.23 | 0.0 | 197.37 | -4.85 | 0.0 | -33.33 | -116.67 | 0.0 | 150.00 | 250.0 | 0.0 | 24.80 | 0 | 0.0 |
| 20Q2 (3) | -0.02 | 88.89 | 0.0 | 13.13 | 8.6 | 0.0 | -4.89 | 28.4 | 0.0 | -1.70 | 86.31 | 0.0 | -1.70 | 86.31 | 0.0 | -0.17 | 89.51 | 0.0 | -0.02 | 97.18 | 0.0 | 0.04 | -33.33 | 0.0 | 2.78 | 131.95 | 0.0 | 207.44 | 69.98 | 0.0 | 200.00 | 300.0 | 0.0 | -100.00 | -300.0 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | -0.18 | -460.0 | 0.0 | 12.09 | -14.13 | 0.0 | -6.83 | -513.94 | 0.0 | -12.42 | -669.72 | 0.0 | -12.42 | -669.72 | 0.0 | -1.62 | -495.12 | 0.0 | -0.71 | -344.83 | 0.0 | 0.06 | -45.45 | 0.0 | -8.70 | -300.0 | 0.0 | 122.04 | 21.17 | 0.0 | 50.00 | -50.0 | 0.0 | 50.00 | 0 | 0.0 | 30.29 | 45.56 | 0.0 |
| 19Q4 (1) | 0.05 | 0.0 | 0.0 | 14.08 | 0.0 | 0.0 | 1.65 | 0.0 | 0.0 | 2.18 | 0.0 | 0.0 | 2.18 | 0.0 | 0.0 | 0.41 | 0.0 | 0.0 | 0.29 | 0.0 | 0.0 | 0.11 | 0.0 | 0.0 | 4.35 | 0.0 | 0.0 | 100.72 | 0.0 | 0.0 | 100.00 | 0.0 | 0.0 | 0.00 | 0.0 | 0.0 | 20.81 | 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) | -0.89 | 0 | 9.28 | -19.86 | -11.47 | 0 | 5.50 | 80.08 | -13.61 | 0 | -13.61 | 0 | -7.13 | 0 | -1.39 | 0 | 0.16 | -15.79 | -1.83 | 0 | 216.13 | -13.14 | 83.33 | -67.95 | 16.67 | 0 | 0.00 | 0 | 25.22 | 5.83 |
| 2022 (9) | -0.16 | 0 | 11.58 | -32.48 | -5.62 | 0 | 3.06 | 67.36 | -2.19 | 0 | -2.19 | 0 | -1.38 | 0 | -0.08 | 0 | 0.19 | -5.0 | 3.06 | -33.04 | 248.84 | 14.42 | 260.00 | 290.0 | -160.00 | 0 | 0.00 | 0 | 23.83 | 1.66 |
| 2021 (8) | 0.10 | 25.0 | 17.15 | 23.47 | 0.94 | 0 | 1.83 | -14.61 | 1.47 | 3.52 | 1.47 | 10.53 | 0.88 | 27.54 | 0.44 | -6.38 | 0.20 | -4.76 | 4.57 | -4.99 | 217.47 | 9.69 | 66.67 | 0 | 33.33 | -87.5 | 0.00 | 0 | 23.44 | -11.88 |
| 2020 (7) | 0.08 | -74.19 | 13.89 | -12.03 | -2.67 | 0 | 2.14 | -16.15 | 1.42 | -72.85 | 1.33 | -74.22 | 0.69 | -75.7 | 0.47 | -75.52 | 0.21 | -34.38 | 4.81 | -47.6 | 198.25 | 96.83 | -166.67 | 0 | 266.67 | 142.42 | 0.00 | 0 | 26.60 | 1.37 |
| 2019 (6) | 0.31 | 3000.0 | 15.79 | -2.05 | -0.43 | 0 | 2.55 | -32.22 | 5.23 | 2079.17 | 5.16 | 2050.0 | 2.84 | 2084.62 | 1.92 | 562.07 | 0.32 | -15.79 | 9.18 | 89.67 | 100.72 | 118.96 | -10.00 | 0 | 110.00 | 0 | 0.00 | 0 | 26.24 | -2.16 |
| 2018 (5) | 0.01 | 0 | 16.12 | 12.26 | 0.14 | 0 | 3.76 | -9.21 | 0.24 | 0 | 0.24 | 0 | 0.13 | 0 | 0.29 | 0 | 0.38 | -9.52 | 4.84 | 365.38 | 46.00 | 31.99 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 26.82 | -7.58 |
| 2017 (4) | -0.14 | 0 | 14.36 | 43.6 | -2.31 | 0 | 4.15 | -29.53 | -3.57 | 0 | -3.57 | 0 | -1.96 | 0 | -1.34 | 0 | 0.42 | -4.55 | 1.04 | -29.25 | 34.85 | 18.46 | 57.14 | -48.05 | 28.57 | 0 | 0.00 | 0 | 29.02 | 17.87 |
| 2016 (3) | -0.20 | 0 | 10.00 | -11.27 | -5.29 | 0 | 5.88 | 6.37 | -4.72 | 0 | -4.72 | 0 | -2.65 | 0 | -1.95 | 0 | 0.44 | -4.35 | 1.47 | -36.09 | 29.42 | 3.45 | 110.00 | 28.33 | -10.00 | 0 | 0.00 | 0 | 24.62 | 6.44 |
| 2015 (2) | -0.15 | 0 | 11.27 | 18.38 | -2.55 | 0 | 5.53 | -11.06 | -3.35 | 0 | -3.35 | 0 | -1.95 | 0 | -1.49 | 0 | 0.46 | 9.52 | 2.30 | 48.39 | 28.44 | 26.12 | 85.71 | -14.29 | 28.57 | 0 | 0.00 | 0 | 23.13 | -10.9 |
| 2014 (1) | -0.21 | 0 | 9.52 | 0 | -5.17 | 0 | 6.22 | -11.4 | -5.20 | 0 | -5.20 | 0 | -2.62 | 0 | -2.11 | 0 | 0.42 | 20.0 | 1.55 | 0 | 22.55 | 16.6 | 100.00 | -20.83 | -0.00 | 0 | 0.00 | 0 | 25.96 | -15.8 |
