- 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) | -0.27 | -440.0 | -92.86 | 7.62 | -44.94 | -14.19 | -14.09 | -152.96 | -38.68 | -7.87 | -534.68 | -113.28 | -7.87 | -534.68 | -113.28 | -0.76 | -484.62 | -52.0 | -0.12 | -200.0 | -1300.0 | 0.04 | 0.0 | -20.0 | 5.85 | -47.81 | -29.18 | 153.08 | 0.48 | -21.51 | 181.25 | -54.69 | -29.08 | -81.25 | 75.62 | 51.25 | 41.71 | 11.14 | 12.7 |
| 24Q2 (19) | -0.05 | -135.71 | 72.22 | 13.84 | -23.83 | 74.75 | -5.57 | -480.21 | 47.3 | -1.24 | -133.6 | 75.2 | -1.24 | -133.6 | 75.2 | -0.13 | -120.0 | 80.3 | 0.12 | -69.23 | 400.0 | 0.04 | -20.0 | 0.0 | 11.21 | -28.69 | 55.48 | 152.35 | -0.44 | -21.05 | 400.00 | 1700.0 | 91.3 | -333.33 | -342.42 | -205.56 | 37.53 | 0.94 | -0.77 |
| 24Q1 (18) | 0.14 | -68.89 | 151.85 | 18.17 | -11.62 | 139.08 | -0.96 | -114.48 | 92.62 | 3.69 | -58.12 | 147.98 | 3.69 | -56.74 | 147.98 | 0.65 | -75.0 | 141.67 | 0.39 | -54.12 | 316.67 | 0.05 | -37.5 | 0.0 | 15.72 | -15.62 | 235.18 | 153.03 | -79.03 | -20.55 | -25.00 | -133.33 | -114.29 | 137.50 | 450.0 | 300.0 | 37.18 | 39.04 | -10.73 |
| 23Q4 (17) | 0.45 | 421.43 | 7.14 | 20.56 | 131.53 | -7.6 | 6.63 | 165.26 | 47.99 | 8.81 | 338.75 | -13.54 | 8.53 | 331.17 | -13.4 | 2.60 | 620.0 | -57.38 | 0.85 | 8400.0 | -8.6 | 0.08 | 60.0 | 14.29 | 18.63 | 125.54 | -10.99 | 729.68 | 274.16 | -5.2 | 75.00 | -70.65 | 62.5 | 25.00 | 115.0 | -56.67 | 26.74 | -27.75 | -18.82 |
| 23Q3 (16) | -0.14 | 22.22 | 12.5 | 8.88 | 12.12 | -8.74 | -10.16 | 3.88 | 4.6 | -3.69 | 26.2 | 22.96 | -3.69 | 26.2 | 22.96 | -0.50 | 24.24 | 78.72 | 0.01 | 125.0 | 112.5 | 0.05 | 25.0 | -16.67 | 8.26 | 14.56 | 1.6 | 195.02 | 1.06 | -74.42 | 255.56 | 22.22 | 16.16 | -166.67 | -52.78 | -38.89 | 37.01 | -2.14 | -14.94 |
| 23Q2 (15) | -0.18 | 33.33 | -157.14 | 7.92 | 4.21 | -27.8 | -10.57 | 18.69 | -8.19 | -5.00 | 34.98 | -134.74 | -5.00 | 34.98 | -134.74 | -0.66 | 57.69 | 33.33 | -0.04 | 77.78 | -166.67 | 0.04 | -20.0 | -33.33 | 7.21 | 53.73 | -37.3 | 192.97 | 0.19 | -73.83 | 209.09 | 19.48 | -58.18 | -109.09 | -58.68 | 70.91 | 37.82 | -9.2 | -16.31 |
| 23Q1 (14) | -0.27 | -164.29 | -285.71 | 7.60 | -65.84 | -16.58 | -13.00 | -390.18 | -23.69 | -7.69 | -175.47 | -261.03 | -7.69 | -178.07 | -261.03 | -1.56 | -125.57 | -56.0 | -0.18 | -119.35 | -700.0 | 0.05 | -28.57 | -16.67 | 4.69 | -77.59 | -56.49 | 192.61 | -74.97 | -74.01 | 175.00 | 279.17 | -66.67 | -68.75 | -219.17 | 83.82 | 41.65 | 26.44 | -0.48 |
| 22Q4 (13) | 0.42 | 362.5 | 16.67 | 22.25 | 128.67 | 20.4 | 4.48 | 142.07 | 768.66 | 10.19 | 312.73 | 7.83 | 9.85 | 305.64 | 11.3 | 6.10 | 359.57 | 14.23 | 0.93 | 1262.5 | 24.0 | 0.07 | 16.67 | 0.0 | 20.93 | 157.44 | 0.53 | 769.67 | 0.96 | 3.55 | 46.15 | -79.02 | 630.77 | 57.69 | 148.08 | -46.92 | 32.94 | -24.29 | -11.33 |
| 22Q3 (12) | -0.16 | -128.57 | -300.0 | 9.73 | -11.3 | 9.45 | -10.65 | -9.01 | 6.91 | -4.79 | -124.88 | -44.28 | -4.79 | -124.88 | -44.28 | -2.35 | -137.37 | -35.06 | -0.08 | -233.33 | -166.67 | 0.06 | 0.0 | 0.0 | 8.13 | -29.3 | -31.91 | 762.34 | 3.38 | -10.46 | 220.00 | -56.0 | -33.04 | -120.00 | 68.0 | 47.5 | 43.51 | -3.72 | -1.07 |
| 22Q2 (11) | -0.07 | 0.0 | 53.33 | 10.97 | 20.42 | 4288.0 | -9.77 | 7.04 | 54.37 | -2.13 | 0.0 | 82.95 | -2.13 | 0.0 | 82.95 | -0.99 | 1.0 | 82.32 | 0.06 | 100.0 | 113.04 | 0.06 | 0.0 | 20.0 | 11.50 | 6.68 | 70.62 | 737.42 | -0.48 | -11.56 | 500.00 | -4.76 | 189.47 | -375.00 | 11.76 | -415.62 | 45.19 | 7.98 | -10.27 |
| 22Q1 (10) | -0.07 | -119.44 | 50.0 | 9.11 | -50.7 | 1220.29 | -10.51 | -1468.66 | 45.2 | -2.13 | -122.54 | 80.42 | -2.13 | -124.07 | 80.42 | -1.00 | -118.73 | 79.8 | 0.03 | -96.0 | 107.14 | 0.06 | -14.29 | 20.0 | 10.78 | -48.22 | 47.07 | 741.01 | -0.3 | -6.28 | 525.00 | 6137.5 | 197.97 | -425.00 | -491.0 | -457.81 | 41.85 | 12.65 | -10.19 |
| 21Q4 (9) | 0.36 | 1000.0 | 620.0 | 18.48 | 107.87 | 32.38 | -0.67 | 94.14 | 90.78 | 9.45 | 384.64 | 164.71 | 8.85 | 366.57 | 147.9 | 5.34 | 406.9 | 203.41 | 0.75 | 2600.0 | 114.29 | 0.07 | 16.67 | 16.67 | 20.82 | 74.37 | -0.24 | 743.27 | -12.7 | -0.49 | -8.70 | -102.65 | 95.94 | 108.70 | 147.55 | -65.42 | 37.15 | -15.53 | 3.57 |
| 21Q3 (8) | -0.04 | 73.33 | 0.0 | 8.89 | 3456.0 | -11.72 | -11.44 | 46.57 | -2.97 | -3.32 | 73.42 | -14.88 | -3.32 | 73.42 | -14.88 | -1.74 | 68.93 | -24.29 | -0.03 | 93.48 | -200.0 | 0.06 | 20.0 | 0.0 | 11.94 | 77.15 | -23.36 | 851.35 | 2.1 | 8.6 | 328.57 | 90.23 | -10.39 | -228.57 | -214.29 | 14.29 | 43.98 | -12.67 | 14.95 |
| 21Q2 (7) | -0.15 | -7.14 | -650.0 | 0.25 | -63.77 | -97.55 | -21.41 | -11.63 | -97.33 | -12.49 | -14.8 | -755.48 | -12.49 | -14.8 | -755.48 | -5.60 | -13.13 | -735.82 | -0.46 | -9.52 | -757.14 | 0.05 | 0.0 | 0.0 | 6.74 | -8.05 | -61.94 | 833.82 | 5.45 | 8.0 | 172.73 | -1.97 | -75.32 | -72.73 | 4.55 | 87.88 | 50.36 | 8.07 | 0 |
| 21Q1 (6) | -0.14 | -380.0 | 17.65 | 0.69 | -95.06 | 286.49 | -19.18 | -163.82 | 22.44 | -10.88 | -404.76 | 29.12 | -10.88 | -404.76 | 29.12 | -4.95 | -381.25 | 17.77 | -0.42 | -220.0 | 22.22 | 0.05 | -16.67 | 0.0 | 7.33 | -64.88 | 3.24 | 790.69 | 5.86 | 2.07 | 176.19 | 182.22 | 9.07 | -76.19 | -124.24 | -23.81 | 46.60 | 29.91 | -1.71 |
| 20Q4 (5) | 0.05 | 225.0 | 120.83 | 13.96 | 38.63 | 512.28 | -7.27 | 34.56 | 63.04 | 3.57 | 223.53 | 120.38 | 3.57 | 223.53 | 120.04 | 1.76 | 225.71 | 121.78 | 0.35 | 3600.0 | 142.17 | 0.06 | 0.0 | 0.0 | 20.87 | 33.95 | 1339.31 | 746.93 | -4.72 | 1.92 | -214.29 | -158.44 | -288.15 | 314.29 | 217.86 | 2928.57 | 35.87 | -6.25 | 0 |
| 20Q3 (4) | -0.04 | -100.0 | 0.0 | 10.07 | -1.18 | 0.0 | -11.11 | -2.4 | 0.0 | -2.89 | -97.95 | 0.0 | -2.89 | -97.95 | 0.0 | -1.40 | -108.96 | 0.0 | -0.01 | -114.29 | 0.0 | 0.06 | 20.0 | 0.0 | 15.58 | -12.03 | 0.0 | 783.94 | 1.54 | 0.0 | 366.67 | -47.62 | 0.0 | -266.67 | 55.56 | 0.0 | 38.26 | 0 | 0.0 |
| 20Q2 (3) | -0.02 | 88.24 | 0.0 | 10.19 | 2854.05 | 0.0 | -10.85 | 56.13 | 0.0 | -1.46 | 90.49 | 0.0 | -1.46 | 90.49 | 0.0 | -0.67 | 88.87 | 0.0 | 0.07 | 112.96 | 0.0 | 0.05 | 0.0 | 0.0 | 17.71 | 149.44 | 0.0 | 772.08 | -0.33 | 0.0 | 700.00 | 333.33 | 0.0 | -600.00 | -875.0 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | -0.17 | 29.17 | 0.0 | -0.37 | -116.23 | 0.0 | -24.73 | -25.72 | 0.0 | -15.35 | 12.39 | 0.0 | -15.35 | 13.81 | 0.0 | -6.02 | 25.5 | 0.0 | -0.54 | 34.94 | 0.0 | 0.05 | -16.67 | 0.0 | 7.10 | 389.66 | 0.0 | 774.65 | 5.7 | 0.0 | 161.54 | 41.84 | 0.0 | -61.54 | -453.85 | 0.0 | 47.41 | 0 | 0.0 |
| 19Q4 (1) | -0.24 | 0.0 | 0.0 | 2.28 | 0.0 | 0.0 | -19.67 | 0.0 | 0.0 | -17.52 | 0.0 | 0.0 | -17.81 | 0.0 | 0.0 | -8.08 | 0.0 | 0.0 | -0.83 | 0.0 | 0.0 | 0.06 | 0.0 | 0.0 | 1.45 | 0.0 | 0.0 | 732.89 | 0.0 | 0.0 | 113.89 | 0.0 | 0.0 | -11.11 | 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) | -0.14 | 0 | 12.20 | -10.16 | -5.39 | 0 | 6.28 | -25.04 | -0.77 | 0 | -0.86 | 0 | -2.00 | 0 | 0.76 | -18.28 | 0.27 | 12.5 | 10.53 | -20.83 | 729.68 | -5.2 | 662.50 | 0 | -575.00 | 0 | 0.25 | -10.59 | 34.85 | -13.69 |
| 2022 (9) | 0.11 | 0 | 13.58 | 70.39 | -5.93 | 0 | 8.37 | -31.77 | 0.88 | 0 | 0.78 | 0 | 1.61 | 0 | 0.93 | 0 | 0.24 | 9.09 | 13.30 | 7.34 | 769.67 | 3.55 | -650.00 | 0 | 737.50 | 0 | 0.28 | 0 | 40.38 | -8.08 |
| 2021 (8) | -0.46 | 0 | 7.97 | -9.94 | -12.19 | 0 | 12.27 | -21.57 | -3.25 | 0 | -3.43 | 0 | -6.47 | 0 | -0.17 | 0 | 0.22 | 4.76 | 12.39 | -20.83 | 743.27 | -0.49 | 380.77 | 2.81 | -280.77 | 0 | 0.00 | 0 | 43.93 | 9.8 |
| 2020 (7) | -0.18 | 0 | 8.85 | 0 | -13.01 | 0 | 15.65 | -16.29 | -3.54 | 0 | -3.54 | 0 | -6.21 | 0 | -0.14 | 0 | 0.21 | 5.0 | 15.65 | 340.85 | 746.93 | 1.92 | 370.37 | 163.75 | -270.37 | 0 | 0.00 | 0 | 40.01 | -6.19 |
| 2019 (6) | -0.94 | 0 | -3.31 | 0 | -27.05 | 0 | 18.69 | 8.04 | -19.26 | 0 | -19.34 | 0 | -27.84 | 0 | -3.16 | 0 | 0.20 | 0.0 | 3.55 | 0 | 732.89 | 31.84 | 140.43 | 8.02 | -40.43 | 0 | 0.00 | 0 | 42.65 | -2.4 |
| 2018 (5) | -1.27 | 0 | -9.47 | 0 | -32.37 | 0 | 17.30 | -18.38 | -24.95 | 0 | -25.03 | 0 | -30.09 | 0 | -4.42 | 0 | 0.20 | 11.11 | -4.06 | 0 | 555.88 | 22.39 | 130.00 | -24.9 | -30.00 | 0 | 0.00 | 0 | 43.70 | -10.19 |
| 2017 (4) | -2.06 | 0 | -33.39 | 0 | -58.64 | 0 | 21.20 | -11.72 | -33.80 | 0 | -35.16 | 0 | -45.35 | 0 | -5.84 | 0 | 0.18 | 0.0 | -8.70 | 0 | 454.18 | -46.05 | 173.09 | 34.04 | -73.49 | 0 | 0.00 | 0 | 48.66 | 4.89 |
| 2016 (3) | -3.93 | 0 | -21.38 | 0 | -45.80 | 0 | 24.01 | 11.62 | -35.46 | 0 | -35.48 | 0 | -47.93 | 0 | -5.83 | 0 | 0.18 | -14.29 | -7.28 | 0 | 841.81 | 63.03 | 129.14 | -1.23 | -29.14 | 0 | 0.00 | 0 | 46.39 | 9.93 |
| 2015 (2) | -2.24 | 0 | -20.33 | 0 | -40.59 | 0 | 21.51 | 23.53 | -31.05 | 0 | -31.15 | 0 | -34.39 | 0 | -5.93 | 0 | 0.21 | -4.55 | -5.88 | 0 | 516.34 | 45.1 | 130.74 | 2.92 | -30.74 | 0 | 0.00 | 0 | 42.20 | 7.93 |
| 2014 (1) | -1.77 | 0 | -10.23 | 0 | -29.47 | 0 | 17.41 | 21.51 | -23.18 | 0 | -23.30 | 0 | -20.75 | 0 | -4.50 | 0 | 0.22 | -18.52 | -2.79 | 0 | 355.86 | 29.41 | 127.04 | -1.81 | -27.04 | 0 | 0.00 | 0 | 39.10 | 24.44 |
