- 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) | -0.28 | -366.67 | -1033.33 | -11.01 | -399.18 | -229.38 | -18.20 | -320.32 | -698.68 | -19.07 | -274.66 | -1183.52 | -16.65 | -244.01 | -1421.43 | -4.15 | -341.49 | -1065.12 | -2.55 | -521.95 | -600.0 | 0.17 | 21.43 | -34.62 | -12.00 | -488.35 | -283.49 | 48.34 | 5.75 | 47.47 | 95.38 | 11.74 | -44.54 | 4.62 | -68.46 | 106.41 | 0.00 | 0 | 0 |
| 24Q2 (19) | -0.06 | -300.0 | -166.67 | 3.68 | -58.97 | -54.57 | -4.33 | -222.66 | -237.03 | -5.09 | -322.27 | -241.78 | -4.84 | -376.57 | -228.04 | -0.94 | -308.89 | -174.6 | -0.41 | -183.67 | -136.28 | 0.14 | -30.0 | -44.0 | 3.09 | -59.23 | -62.36 | 45.71 | 37.18 | 42.98 | 85.37 | -46.08 | -2.99 | 14.63 | 127.02 | 21.95 | 0.00 | 0 | 0 |
| 24Q1 (18) | 0.03 | 250.0 | -72.73 | 8.97 | 1768.75 | 20.73 | 3.53 | 162.04 | 59.73 | 2.29 | 948.15 | -64.93 | 1.75 | 265.09 | -66.48 | 0.45 | 273.08 | -70.59 | 0.49 | 2550.0 | -64.49 | 0.20 | 5.26 | -4.76 | 7.58 | 40.37 | -39.65 | 33.32 | 41.91 | -11.5 | 158.33 | -91.81 | 363.27 | -54.17 | 97.05 | -182.29 | 0.00 | 0 | 0 |
| 23Q4 (17) | -0.02 | -166.67 | -200.0 | 0.48 | -94.36 | -91.67 | -5.69 | -287.17 | -434.71 | -0.27 | -115.34 | -112.98 | -1.06 | -184.13 | -285.96 | -0.26 | -160.47 | -186.67 | -0.02 | -103.92 | -104.17 | 0.19 | -26.92 | -47.22 | 5.40 | -17.43 | -11.91 | 23.48 | -28.37 | -38.85 | 1933.33 | 1024.03 | 2288.24 | -1833.33 | -2446.3 | -9725.0 | 0.00 | 0 | 0 |
| 23Q3 (16) | 0.03 | -66.67 | 50.0 | 8.51 | 5.06 | 53.33 | 3.04 | -3.8 | 234.07 | 1.76 | -50.97 | 20.55 | 1.26 | -66.67 | 113.56 | 0.43 | -65.87 | 30.3 | 0.51 | -54.87 | 13.33 | 0.26 | 4.0 | -27.78 | 6.54 | -20.34 | 31.06 | 32.78 | 2.53 | -30.81 | 172.00 | 95.45 | 180.63 | -72.00 | -700.0 | -286.0 | 0.00 | 0 | 0 |
| 23Q2 (15) | 0.09 | -18.18 | 350.0 | 8.10 | 9.02 | 33.0 | 3.16 | 42.99 | 18.8 | 3.59 | -45.02 | 1395.83 | 3.78 | -27.59 | 551.72 | 1.26 | -17.65 | 270.59 | 1.13 | -18.12 | 205.41 | 0.25 | 19.05 | -32.43 | 8.21 | -34.63 | 169.18 | 31.97 | -15.09 | -44.51 | 88.00 | 157.48 | -92.79 | 12.00 | -81.77 | 101.07 | 0.00 | 0 | 0 |
| 23Q1 (14) | 0.11 | 450.0 | -38.89 | 7.43 | 28.99 | -16.42 | 2.21 | 30.0 | -48.84 | 6.53 | 213.94 | 14.96 | 5.22 | 815.79 | -6.45 | 1.53 | 410.0 | -45.16 | 1.38 | 187.5 | -26.2 | 0.21 | -41.67 | -32.26 | 12.56 | 104.89 | 38.63 | 37.65 | -1.95 | -42.37 | 34.18 | -57.78 | -54.99 | 65.82 | 245.57 | 173.42 | 0.00 | 0 | 0 |
| 22Q4 (13) | 0.02 | 0.0 | 109.09 | 5.76 | 3.78 | -4.95 | 1.70 | 86.81 | 54.55 | 2.08 | 42.47 | 122.98 | 0.57 | -3.39 | 106.33 | 0.30 | -9.09 | 108.52 | 0.48 | 6.67 | 123.3 | 0.36 | 0.0 | 50.0 | 6.13 | 22.85 | 216.32 | 38.40 | -18.95 | -34.84 | 80.95 | 32.08 | 767.86 | 19.05 | -50.79 | -83.01 | 0.00 | 0 | 0 |
| 22Q3 (12) | 0.02 | 0.0 | -87.5 | 5.55 | -8.87 | -57.21 | 0.91 | -65.79 | -90.15 | 1.46 | 508.33 | -77.04 | 0.59 | 1.72 | -90.62 | 0.33 | -2.94 | -86.8 | 0.45 | 21.62 | -72.05 | 0.36 | -2.7 | 50.0 | 4.99 | 63.61 | -51.74 | 47.38 | -17.76 | -24.66 | 61.29 | -94.98 | -57.67 | 38.71 | 103.46 | 186.42 | 0.00 | 0 | 0 |
| 22Q2 (11) | 0.02 | -88.89 | -88.89 | 6.09 | -31.5 | -41.55 | 2.66 | -38.43 | -60.24 | 0.24 | -95.77 | -95.1 | 0.58 | -89.61 | -87.84 | 0.34 | -87.81 | -88.07 | 0.37 | -80.21 | -79.89 | 0.37 | 19.35 | 0.0 | 3.05 | -66.34 | -61.78 | 57.61 | -11.82 | -16.62 | 1220.00 | 1506.83 | 793.07 | -1120.00 | -4752.31 | -2959.51 | 0.00 | 0 | 0 |
| 22Q1 (10) | 0.18 | 181.82 | -55.0 | 8.89 | 46.7 | -48.4 | 4.32 | 292.73 | -68.58 | 5.68 | 162.76 | -47.31 | 5.58 | 161.93 | -47.56 | 2.79 | 179.26 | -55.43 | 1.87 | 190.78 | -54.17 | 0.31 | 29.17 | -18.42 | 9.06 | 271.92 | -35.65 | 65.33 | 10.86 | 19.61 | 75.93 | 726.39 | -40.68 | 24.07 | -78.53 | 187.31 | 0.00 | 0 | 0 |
| 21Q4 (9) | -0.22 | -237.5 | -29.41 | 6.06 | -53.28 | 87.04 | 1.10 | -88.1 | 153.14 | -9.05 | -242.3 | -13.98 | -9.01 | -243.24 | -19.34 | -3.52 | -240.8 | -29.41 | -2.06 | -227.95 | -34.64 | 0.24 | 0.0 | 4.35 | -5.27 | -150.97 | -199.43 | 58.93 | -6.3 | -0.39 | -12.12 | -108.37 | -146.75 | 112.12 | 350.32 | 51.36 | 0.00 | 0 | 0 |
| 21Q3 (8) | 0.16 | -11.11 | 900.0 | 12.97 | 24.47 | 137.55 | 9.24 | 38.12 | 824.0 | 6.36 | 29.8 | 831.03 | 6.29 | 31.87 | 867.07 | 2.50 | -12.28 | 1186.96 | 1.61 | -12.5 | 16200.0 | 0.24 | -35.14 | 26.32 | 10.34 | 29.57 | 92.19 | 62.89 | -8.97 | 3.35 | 144.79 | 5.99 | 218.47 | -44.79 | -22.36 | -120.16 | 0.00 | 0 | 0 |
| 21Q2 (7) | 0.18 | -55.0 | 220.0 | 10.42 | -39.52 | 125.54 | 6.69 | -51.35 | 1572.5 | 4.90 | -54.55 | 201.24 | 4.77 | -55.17 | 191.91 | 2.85 | -54.47 | 226.11 | 1.84 | -54.9 | 238.35 | 0.37 | -2.63 | 27.59 | 7.98 | -43.32 | 1040.0 | 69.09 | 26.49 | 43.4 | 136.61 | 6.74 | 1700.26 | -36.61 | -32.77 | -133.73 | 0.00 | 0 | 0 |
| 21Q1 (6) | 0.40 | 335.29 | 322.22 | 17.23 | 431.79 | 669.2 | 13.75 | 764.25 | 812.44 | 10.78 | 235.77 | 273.59 | 10.64 | 240.93 | 262.44 | 6.26 | 330.15 | 348.41 | 4.08 | 366.67 | 0 | 0.38 | 65.22 | 52.0 | 14.08 | 900.0 | 0 | 54.62 | -7.67 | 6.0 | 127.98 | 393.65 | 304.59 | -27.57 | -137.22 | -139.74 | 0.00 | 0 | 0 |
| 20Q4 (5) | -0.17 | -750.0 | 86.61 | 3.24 | -40.66 | 219.56 | -2.07 | -307.0 | 65.9 | -7.94 | -812.64 | 70.95 | -7.55 | -820.73 | 75.91 | -2.72 | -1082.61 | 82.99 | -1.53 | -15200.0 | 85.98 | 0.23 | 21.05 | -34.29 | -1.76 | -132.71 | 92.59 | 59.16 | -2.78 | 14.41 | 25.93 | 121.21 | 16.75 | 74.07 | -66.67 | -4.78 | 0.00 | 0 | 0 |
| 20Q3 (4) | -0.02 | 86.67 | 0.0 | 5.46 | 18.18 | 0.0 | 1.00 | 150.0 | 0.0 | -0.87 | 82.02 | 0.0 | -0.82 | 84.2 | 0.0 | -0.23 | 89.82 | 0.0 | -0.01 | 99.25 | 0.0 | 0.19 | -34.48 | 0.0 | 5.38 | 668.57 | 0.0 | 60.85 | 26.3 | 0.0 | -122.22 | -1331.75 | 0.0 | 222.22 | 104.74 | 0.0 | 0.00 | 0 | 0.0 |
| 20Q2 (3) | -0.15 | 16.67 | 0.0 | 4.62 | 106.25 | 0.0 | 0.40 | 120.73 | 0.0 | -4.84 | 22.06 | 0.0 | -5.19 | 20.76 | 0.0 | -2.26 | 10.32 | 0.0 | -1.33 | 0 | 0.0 | 0.29 | 16.0 | 0.0 | 0.70 | 0 | 0.0 | 48.18 | -6.5 | 0.0 | -8.54 | -126.99 | 0.0 | 108.54 | 56.42 | 0.0 | 0.00 | 0 | 0.0 |
| 20Q1 (2) | -0.18 | 85.83 | 0.0 | 2.24 | 182.66 | 0.0 | -1.93 | 68.2 | 0.0 | -6.21 | 77.28 | 0.0 | -6.55 | 79.1 | 0.0 | -2.52 | 84.24 | 0.0 | 0.00 | 100.0 | 0.0 | 0.25 | -28.57 | 0.0 | 0.00 | 100.0 | 0.0 | 51.53 | -0.35 | 0.0 | 31.63 | 42.45 | 0.0 | 69.39 | -10.81 | 0.0 | 0.00 | 0 | 0.0 |
| 19Q4 (1) | -1.27 | 0.0 | 0.0 | -2.71 | 0.0 | 0.0 | -6.07 | 0.0 | 0.0 | -27.33 | 0.0 | 0.0 | -31.34 | 0.0 | 0.0 | -15.99 | 0.0 | 0.0 | -10.91 | 0.0 | 0.0 | 0.35 | 0.0 | 0.0 | -23.75 | 0.0 | 0.0 | 51.71 | 0.0 | 0.0 | 22.21 | 0.0 | 0.0 | 77.79 | 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) | 0.21 | -12.5 | 6.50 | -0.15 | 1.10 | -53.39 | 3.77 | 46.03 | 3.00 | 33.93 | 2.44 | 41.04 | 2.97 | -20.16 | 3.13 | -6.29 | 0.93 | -35.86 | 8.19 | 44.96 | 23.48 | -38.85 | 36.67 | -65.19 | 63.33 | 0 | 0.00 | 0 | 0.00 | 0 |
| 2022 (9) | 0.24 | -53.85 | 6.51 | -46.33 | 2.36 | -71.36 | 2.58 | -11.01 | 2.24 | -47.29 | 1.73 | -58.41 | 3.72 | -55.23 | 3.34 | -40.78 | 1.45 | 15.08 | 5.65 | -26.62 | 38.40 | -34.84 | 105.35 | -45.71 | -5.35 | 0 | 0.00 | 0 | 0.00 | 0 |
| 2021 (8) | 0.52 | 0 | 12.13 | 219.21 | 8.24 | 0 | 2.90 | -37.59 | 4.25 | 0 | 4.16 | 0 | 8.31 | 0 | 5.64 | 0 | 1.26 | 38.46 | 7.70 | 1162.3 | 58.93 | -0.39 | 194.04 | 1315.1 | -94.04 | 0 | 0.00 | 0 | 0.00 | 0 |
| 2020 (7) | -0.51 | 0 | 3.80 | 0 | -0.71 | 0 | 4.65 | 43.79 | -5.19 | 0 | -5.29 | 0 | -7.45 | 0 | -4.16 | 0 | 0.91 | -33.09 | 0.61 | 0 | 59.16 | 14.41 | 13.71 | -67.16 | 86.29 | 48.16 | 0.00 | 0 | 0.00 | 0 |
| 2019 (6) | -1.69 | 0 | -0.84 | 0 | -4.22 | 0 | 3.23 | 0.89 | -10.11 | 0 | -10.43 | 0 | -21.51 | 0 | -13.50 | 0 | 1.36 | 2.26 | -6.05 | 0 | 51.71 | 0.27 | 41.76 | 0 | 58.24 | -66.54 | 0.00 | 0 | 0.00 | 0 |
| 2018 (5) | -0.06 | 0 | 3.63 | -50.27 | 0.21 | -92.71 | 3.20 | -19.78 | -0.27 | 0 | -0.34 | 0 | -0.68 | 0 | 0.35 | -89.06 | 1.33 | 31.68 | 3.87 | -46.32 | 51.57 | 9.35 | -74.07 | 0 | 174.07 | 0 | 0.00 | 0 | 0.00 | 0 |
| 2017 (4) | 0.29 | 123.08 | 7.30 | -12.78 | 2.88 | -17.71 | 3.99 | -8.43 | 2.27 | 15.23 | 2.50 | 81.16 | 3.59 | 116.27 | 3.20 | 75.82 | 1.01 | 16.09 | 7.21 | -3.61 | 47.16 | 32.96 | 127.10 | -28.39 | -27.10 | 0 | 0.01 | 0 | 0.00 | 0 |
| 2016 (3) | 0.13 | 0 | 8.37 | 392.35 | 3.50 | 0 | 4.36 | 14.25 | 1.97 | 0 | 1.38 | 0 | 1.66 | 0 | 1.82 | 0 | 0.87 | 2.35 | 7.48 | 0 | 35.47 | -15.33 | 177.48 | 327.33 | -77.48 | 0 | 0.00 | 0 | 0.00 | 0 |
| 2015 (2) | -0.72 | 0 | 1.70 | -60.47 | -2.74 | 0 | 3.82 | 25.66 | -6.57 | 0 | -6.60 | 0 | -8.64 | 0 | -4.88 | 0 | 0.85 | -9.57 | -1.45 | 0 | 41.89 | -34.93 | 41.53 | -43.47 | 58.24 | 119.51 | 0.00 | 0 | 0.00 | 0 |
| 2014 (1) | 0.03 | 0 | 4.30 | 0 | 0.45 | 0 | 3.04 | 2.44 | 0.60 | 0 | 0.26 | 0 | 0.40 | 0 | 0.91 | 0 | 0.94 | 4.44 | 4.69 | 0 | 64.38 | -0.12 | 73.47 | 38.87 | 26.53 | -43.67 | 0.00 | 0 | 0.00 | 0 |
