- 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) | -0.24 | -84.62 | -20.0 | 64.31 | -2.01 | -6.19 | -36.40 | -139.16 | -11.18 | -33.19 | -139.99 | -27.6 | -32.22 | -133.48 | -21.91 | -2.92 | -84.81 | -24.26 | -2.20 | -71.88 | -13.99 | 0.07 | -22.22 | 0.0 | -24.24 | -239.5 | -37.34 | 39.23 | 72.67 | 92.68 | 109.09 | 9.09 | -10.74 | -9.09 | 45.45 | 59.09 | 71.33 | 24.86 | -0.18 |
| 24Q2 (19) | -0.13 | -30.0 | 35.0 | 65.63 | -0.5 | -2.31 | -15.22 | -3.47 | 19.64 | -13.83 | -40.26 | 30.43 | -13.80 | -29.33 | 31.85 | -1.58 | -28.46 | 31.0 | -1.28 | -28.0 | 31.91 | 0.09 | -10.0 | -10.0 | -7.14 | -206.44 | 37.15 | 22.72 | 14.86 | 9.44 | 100.00 | -33.33 | 12.5 | -16.67 | 66.67 | 0 | 57.13 | 0.94 | 2.13 |
| 24Q1 (18) | -0.10 | -100.0 | 56.52 | 65.96 | 0.93 | 0.06 | -14.71 | -278.15 | 42.31 | -9.86 | -70.59 | 60.83 | -10.67 | -175.0 | 57.25 | -1.23 | -101.64 | 51.95 | -1.00 | -104.08 | 54.55 | 0.10 | -23.08 | 11.11 | -2.33 | 0 | 86.35 | 19.78 | -7.83 | 31.6 | 150.00 | 125.0 | 50.0 | -50.00 | -250.0 | 0 | 56.60 | 41.08 | -8.97 |
| 23Q4 (17) | -0.05 | 75.0 | -135.71 | 65.35 | -4.67 | 10.76 | -3.89 | 88.12 | -143.61 | -5.78 | 77.78 | -177.58 | -3.88 | 85.32 | -149.11 | -0.61 | 74.04 | -140.13 | -0.49 | 74.61 | -137.12 | 0.13 | 85.71 | -18.75 | 0.00 | 100.0 | -100.0 | 21.46 | 5.4 | 28.66 | 66.67 | -45.45 | -42.86 | 33.33 | 250.0 | 300.0 | 40.12 | -43.86 | 40.08 |
| 23Q3 (16) | -0.20 | 0.0 | 16.67 | 68.55 | 2.04 | 18.46 | -32.74 | -72.86 | -61.6 | -26.01 | -30.84 | -28.64 | -26.43 | -30.52 | -25.2 | -2.35 | -2.62 | 11.32 | -1.93 | -2.66 | 13.06 | 0.07 | -30.0 | -36.36 | -17.65 | -55.37 | -28.55 | 20.36 | -1.93 | 19.62 | 122.22 | 37.5 | 22.22 | -22.22 | 0 | 0 | 71.46 | 27.74 | 34.22 |
| 23Q2 (15) | -0.20 | 13.04 | 57.45 | 67.18 | 1.91 | 50.8 | -18.94 | 25.73 | 65.98 | -19.88 | 21.02 | 65.25 | -20.25 | 18.87 | 65.13 | -2.29 | 10.55 | 53.55 | -1.88 | 14.55 | 54.48 | 0.10 | 11.11 | 42.86 | -11.36 | 33.45 | 75.94 | 20.76 | 38.12 | 7.34 | 88.89 | -11.11 | -11.11 | -0.00 | 0 | -100.0 | 55.94 | -10.04 | -17.75 |
| 23Q1 (14) | -0.23 | -264.29 | -4.55 | 65.92 | 11.73 | 16.88 | -25.50 | -385.87 | -8.74 | -25.17 | -437.85 | -27.06 | -24.96 | -415.95 | -21.93 | -2.56 | -268.42 | -12.28 | -2.20 | -266.67 | -15.18 | 0.09 | -43.75 | 0.0 | -17.07 | -246.02 | -36.56 | 15.03 | -9.89 | -13.92 | 100.00 | -14.29 | -9.09 | -0.00 | 100.0 | 100.0 | 62.18 | 117.11 | 12.3 |
| 22Q4 (13) | 0.14 | 158.33 | 180.0 | 59.00 | 1.95 | 1.18 | 8.92 | 144.03 | 339.41 | 7.45 | 136.84 | 192.16 | 7.90 | 137.42 | 203.85 | 1.52 | 157.36 | 210.2 | 1.32 | 159.46 | 206.98 | 0.16 | 45.45 | 0.0 | 11.69 | 185.14 | 57.76 | 16.68 | -2.0 | -10.13 | 116.67 | 16.67 | 16.67 | -16.67 | 0 | 0 | 28.64 | -46.21 | -14.38 |
| 22Q3 (12) | -0.24 | 48.94 | -20.0 | 57.87 | 29.9 | -9.85 | -20.26 | 63.61 | 34.35 | -20.22 | 64.66 | 5.43 | -21.11 | 63.65 | 2.45 | -2.65 | 46.25 | -31.84 | -2.22 | 46.25 | -29.07 | 0.11 | 57.14 | 37.5 | -13.73 | 70.92 | -9.84 | 17.02 | -12.0 | 6.91 | 100.00 | 0.0 | -25.0 | -0.00 | -100.0 | 100.0 | 53.24 | -21.72 | -18.1 |
| 22Q2 (11) | -0.47 | -113.64 | -20.51 | 44.55 | -21.01 | -33.58 | -55.67 | -137.4 | -7.08 | -57.21 | -188.79 | -8.25 | -58.07 | -183.68 | -11.2 | -4.93 | -116.23 | -29.06 | -4.13 | -116.23 | -24.4 | 0.07 | -22.22 | 16.67 | -47.22 | -277.76 | -11.32 | 19.34 | 10.77 | 30.68 | 100.00 | -9.09 | 0.0 | 5.00 | 125.0 | 0 | 68.01 | 22.83 | -18.76 |
| 22Q1 (10) | -0.22 | -540.0 | 0.0 | 56.40 | -3.28 | -16.53 | -23.45 | -1255.17 | -23.81 | -19.81 | -876.86 | -4.15 | -20.47 | -887.31 | -2.04 | -2.28 | -565.31 | -7.04 | -1.91 | -544.19 | -8.52 | 0.09 | -43.75 | 0.0 | -12.50 | -268.69 | -22.55 | 17.46 | -5.93 | 20.75 | 110.00 | 10.0 | 10.0 | -20.00 | 0 | 0 | 55.37 | 65.53 | -3.59 |
| 21Q4 (9) | 0.05 | 125.0 | 350.0 | 58.31 | -9.16 | -12.22 | 2.03 | 106.58 | 129.46 | 2.55 | 111.93 | 200.39 | 2.60 | 112.01 | 318.49 | 0.49 | 124.38 | 426.67 | 0.43 | 125.0 | 637.5 | 0.16 | 100.0 | 60.0 | 7.41 | 159.28 | 48.2 | 18.56 | 16.58 | -19.72 | 100.00 | -25.0 | -50.0 | 0.00 | 100.0 | 100.0 | 33.45 | -48.55 | -16.46 |
| 21Q3 (8) | -0.20 | 48.72 | -25.0 | 64.19 | -4.29 | -9.78 | -30.86 | 40.64 | -25.29 | -21.38 | 59.55 | -2.59 | -21.64 | 58.56 | -30.2 | -2.01 | 47.38 | -31.37 | -1.72 | 48.19 | -40.98 | 0.08 | 33.33 | 0.0 | -12.50 | 70.53 | -34.41 | 15.92 | 7.57 | -34.05 | 133.33 | 33.33 | 9.09 | -44.44 | 0 | -100.0 | 65.01 | -22.34 | 4.15 |
| 21Q2 (7) | -0.39 | -77.27 | -178.57 | 67.07 | -0.74 | 0.66 | -51.99 | -174.5 | -48.12 | -52.85 | -177.87 | -208.88 | -52.22 | -160.32 | -231.14 | -3.82 | -79.34 | -189.39 | -3.32 | -88.64 | -207.41 | 0.06 | -33.33 | -14.29 | -42.42 | -315.88 | -726.9 | 14.80 | 2.35 | -23.24 | 100.00 | 0.0 | -50.0 | -0.00 | 0 | 100.0 | 83.71 | 45.76 | 0 |
| 21Q1 (6) | -0.22 | -1000.0 | 33.33 | 67.57 | 1.72 | 0.45 | -18.94 | -174.89 | 59.97 | -19.02 | -648.82 | 58.07 | -20.06 | -1585.71 | 50.14 | -2.13 | -1320.0 | 28.76 | -1.76 | -2100.0 | 28.16 | 0.09 | -10.0 | 50.0 | -10.20 | -304.0 | 66.62 | 14.46 | -37.46 | -24.45 | 100.00 | -50.0 | -5.88 | -0.00 | 100.0 | 100.0 | 57.43 | 43.43 | -26.15 |
| 20Q4 (5) | -0.02 | 87.5 | -133.33 | 66.43 | -6.63 | -6.52 | -6.89 | 72.03 | -387.08 | -2.54 | 87.81 | -200.0 | -1.19 | 92.84 | -139.27 | -0.15 | 90.2 | -128.85 | -0.08 | 93.44 | -117.02 | 0.10 | 25.0 | -28.57 | 5.00 | 153.76 | -47.48 | 23.12 | -4.23 | 11.58 | 200.00 | 63.64 | 100.0 | -150.00 | -575.0 | 0 | 40.04 | -35.85 | 13.62 |
| 20Q3 (4) | -0.16 | -14.29 | 0.0 | 71.15 | 6.78 | 0.0 | -24.63 | 29.83 | 0.0 | -20.84 | -21.8 | 0.0 | -16.62 | -5.39 | 0.0 | -1.53 | -15.91 | 0.0 | -1.22 | -12.96 | 0.0 | 0.08 | 14.29 | 0.0 | -9.30 | -81.29 | 0.0 | 24.14 | 25.21 | 0.0 | 122.22 | -38.89 | 0.0 | -22.22 | 77.78 | 0.0 | 62.42 | 0 | 0.0 |
| 20Q2 (3) | -0.14 | 57.58 | 0.0 | 66.63 | -0.95 | 0.0 | -35.10 | 25.81 | 0.0 | -17.11 | 62.28 | 0.0 | -15.77 | 60.8 | 0.0 | -1.32 | 55.85 | 0.0 | -1.08 | 55.92 | 0.0 | 0.07 | 16.67 | 0.0 | -5.13 | 83.21 | 0.0 | 19.28 | 0.73 | 0.0 | 200.00 | 88.24 | 0.0 | -100.00 | -1500.0 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | -0.33 | -650.0 | 0.0 | 67.27 | -5.33 | 0.0 | -47.31 | -2071.25 | 0.0 | -45.36 | -1885.83 | 0.0 | -40.23 | -1427.72 | 0.0 | -2.99 | -675.0 | 0.0 | -2.45 | -621.28 | 0.0 | 0.06 | -57.14 | 0.0 | -30.56 | -421.01 | 0.0 | 19.14 | -7.63 | 0.0 | 106.25 | 6.25 | 0.0 | -6.25 | 0 | 0.0 | 77.77 | 120.69 | 0.0 |
| 19Q4 (1) | 0.06 | 0.0 | 0.0 | 71.06 | 0.0 | 0.0 | 2.40 | 0.0 | 0.0 | 2.54 | 0.0 | 0.0 | 3.03 | 0.0 | 0.0 | 0.52 | 0.0 | 0.0 | 0.47 | 0.0 | 0.0 | 0.14 | 0.0 | 0.0 | 9.52 | 0.0 | 0.0 | 20.72 | 0.0 | 0.0 | 100.00 | 0.0 | 0.0 | 0.00 | 0.0 | 0.0 | 35.24 | 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) | -0.69 | 0 | 66.54 | 19.46 | -18.08 | 0 | 6.74 | 9.94 | -17.58 | 0 | -17.08 | 0 | -7.81 | 0 | -6.46 | 0 | 0.38 | -11.63 | -10.67 | 0 | 21.46 | 28.66 | 103.23 | 3.23 | -3.23 | 0 | 0.00 | 0 | 55.08 | 16.52 |
| 2022 (9) | -0.80 | 0 | 55.70 | -11.77 | -16.34 | 0 | 6.13 | -10.65 | -16.29 | 0 | -16.63 | 0 | -8.39 | 0 | -7.03 | 0 | 0.43 | 16.22 | -9.91 | 0 | 16.68 | -10.13 | 100.00 | -10.81 | -0.00 | 0 | 0.00 | 0 | 47.27 | -11.83 |
| 2021 (8) | -0.76 | 0 | 63.13 | -6.85 | -18.27 | 0 | 6.86 | -35.71 | -16.34 | 0 | -16.53 | 0 | -7.44 | 0 | -6.07 | 0 | 0.37 | 23.33 | -9.31 | 0 | 18.56 | -19.72 | 112.12 | -17.78 | -12.12 | 0 | 0.00 | 0 | 53.61 | -7.82 |
| 2020 (7) | -0.65 | 0 | 67.77 | -5.44 | -25.49 | 0 | 10.67 | 28.09 | -18.75 | 0 | -15.96 | 0 | -5.92 | 0 | -4.72 | 0 | 0.30 | -25.0 | -7.30 | 0 | 23.12 | 11.58 | 136.36 | 16.88 | -36.36 | 0 | 0.00 | 0 | 58.16 | 16.06 |
| 2019 (6) | -0.47 | 0 | 71.67 | 2.36 | -11.31 | 0 | 8.33 | 27.31 | -9.56 | 0 | -8.24 | 0 | -4.10 | 0 | -3.14 | 0 | 0.40 | -4.76 | -0.40 | 0 | 20.72 | -18.94 | 116.67 | -5.41 | -16.67 | 0 | 0.00 | 0 | 50.11 | 0.97 |
| 2018 (5) | -0.54 | 0 | 70.02 | -2.11 | -13.51 | 0 | 6.55 | 0.94 | -11.08 | 0 | -8.72 | 0 | -4.48 | 0 | -3.53 | 0 | 0.42 | -2.33 | -4.00 | 0 | 25.56 | 28.51 | 123.33 | 17.73 | -23.33 | 0 | 0.15 | 0 | 49.63 | 7.52 |
| 2017 (4) | -0.46 | 0 | 71.53 | 3.65 | -7.63 | 0 | 6.48 | -6.11 | -7.28 | 0 | -6.88 | 0 | -3.59 | 0 | -2.84 | 0 | 0.43 | 0.0 | 0.00 | 0 | 19.89 | -17.74 | 104.76 | -2.22 | -4.76 | 0 | 0.00 | 0 | 46.16 | 1.45 |
| 2016 (3) | -0.56 | 0 | 69.01 | 2.43 | -9.13 | 0 | 6.91 | -20.98 | -8.33 | 0 | -7.74 | 0 | -4.19 | 0 | -3.15 | 0 | 0.43 | -2.27 | -0.30 | 0 | 24.18 | -15.45 | 107.14 | 8.96 | -10.71 | 0 | 0.00 | 0 | 45.50 | 5.35 |
| 2015 (2) | -1.27 | 0 | 67.37 | -10.78 | -15.14 | 0 | 8.74 | 9.91 | -15.41 | 0 | -15.36 | 0 | -8.57 | 0 | -6.54 | 0 | 0.44 | -18.52 | -5.91 | 0 | 28.60 | 8.54 | 98.33 | 0 | 1.67 | -99.22 | 0.00 | 0 | 43.19 | 10.18 |
| 2014 (1) | 0.02 | -92.31 | 75.51 | 0 | -1.55 | 0 | 7.95 | 6.29 | 1.46 | 0 | 0.19 | 0 | 0.13 | 0 | 0.23 | 0 | 0.54 | -10.0 | 10.14 | -15.78 | 26.35 | 21.15 | -114.29 | 0 | 214.29 | 200.0 | 0.00 | 0 | 39.20 | 6.72 |
