- 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 | |||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 25Q1 (20) | -0.38 | 25.49 | 9.52 | -4.71 | 51.29 | 41.2 | -7.91 | 38.49 | 29.37 | -12.28 | 25.12 | 22.28 | -12.45 | 23.24 | 21.3 | -3.82 | 22.52 | -5.82 | -1.24 | 31.11 | 13.89 | 0.13 | 0.0 | 18.18 | -4.37 | 51.39 | 38.45 | 150.30 | 8.95 | 30.33 | 64.47 | -17.68 | -8.77 | 35.53 | 63.81 | 23.0 | 6.63 | 18.82 | -5.56 |
| 24Q4 (19) | -0.51 | 8.93 | 0.0 | -9.67 | -84.89 | 30.78 | -12.86 | -54.2 | 26.39 | -16.40 | -10.96 | 27.75 | -16.22 | -5.67 | 26.61 | -4.93 | 5.37 | -18.8 | -1.80 | 6.74 | 0.55 | 0.13 | -13.33 | 30.0 | -8.99 | -13.8 | 28.82 | 137.95 | 2.82 | 35.76 | 78.31 | 38.25 | 1.84 | 21.69 | -50.37 | -6.12 | 5.58 | 3.33 | -21.41 |
| 24Q3 (18) | -0.56 | -1.82 | -21.74 | -5.23 | 35.19 | 44.18 | -8.34 | 19.81 | 37.06 | -14.78 | 7.91 | 33.15 | -15.35 | 1.29 | 31.14 | -5.21 | -6.54 | -44.32 | -1.93 | 3.02 | -12.21 | 0.15 | 7.14 | 66.67 | -7.90 | 19.14 | 36.24 | 134.16 | 9.14 | 43.41 | 56.64 | -12.72 | -5.2 | 43.71 | 24.52 | 8.59 | 5.40 | 1.12 | -32.67 |
| 24Q2 (17) | -0.55 | -30.95 | 3.51 | -8.07 | -0.75 | 36.76 | -10.40 | 7.14 | 35.2 | -16.05 | -1.58 | 29.39 | -15.55 | 1.71 | 31.77 | -4.89 | -35.46 | -12.67 | -1.99 | -38.19 | 8.72 | 0.14 | 27.27 | 27.27 | -9.77 | -37.61 | 31.05 | 122.92 | 6.59 | 49.34 | 64.90 | -8.16 | -8.11 | 35.10 | 21.5 | 19.5 | 5.34 | -23.93 | -21.82 |
| 24Q1 (16) | -0.42 | 17.65 | -55.56 | -8.01 | 42.66 | -342.54 | -11.20 | 35.89 | -123.55 | -15.80 | 30.4 | -50.19 | -15.82 | 28.42 | -49.53 | -3.61 | 13.01 | -67.13 | -1.44 | 20.44 | -42.57 | 0.11 | 10.0 | -8.33 | -7.10 | 43.78 | -162.96 | 115.32 | 13.49 | 45.99 | 70.67 | -8.1 | 47.48 | 28.89 | 25.03 | -45.26 | 7.02 | -1.13 | 5.88 |
| 23Q4 (15) | -0.51 | -10.87 | -8.51 | -13.97 | -49.09 | -26.2 | -17.47 | -31.85 | -22.08 | -22.70 | -2.67 | -20.94 | -22.10 | 0.85 | -16.5 | -4.15 | -14.96 | -15.92 | -1.81 | -5.23 | 0.0 | 0.10 | 11.11 | -9.09 | -12.63 | -1.94 | -20.17 | 101.61 | 8.62 | 38.94 | 76.90 | 28.69 | 1.29 | 23.10 | -42.6 | -2.4 | 7.10 | -11.47 | 7.41 |
| 23Q3 (14) | -0.46 | 19.3 | 11.54 | -9.37 | 26.57 | -14.97 | -13.25 | 17.45 | -12.77 | -22.11 | 2.73 | -18.05 | -22.29 | 2.19 | -16.34 | -3.61 | 16.82 | 5.74 | -1.72 | 21.1 | 11.34 | 0.09 | -18.18 | -18.18 | -12.39 | 12.56 | -11.62 | 93.55 | 13.66 | 16.08 | 59.75 | -15.4 | -4.68 | 40.25 | 37.03 | 7.87 | 8.02 | 17.42 | 29.35 |
| 23Q2 (13) | -0.57 | -111.11 | -128.0 | -12.76 | -604.97 | -459.44 | -16.05 | -220.36 | -3072.22 | -22.73 | -116.06 | -268.99 | -22.79 | -115.41 | -283.03 | -4.34 | -100.93 | -141.11 | -2.18 | -115.84 | -156.47 | 0.11 | -8.33 | -35.29 | -14.17 | -424.81 | -949.63 | 82.31 | 4.2 | 9.16 | 70.63 | 47.4 | 906.33 | 29.37 | -44.35 | -72.99 | 6.83 | 3.02 | 43.19 |
| 23Q1 (12) | -0.27 | 42.55 | -237.5 | -1.81 | 83.65 | -129.24 | -5.01 | 64.99 | -243.14 | -10.52 | 43.95 | -484.44 | -10.58 | 44.23 | -389.81 | -2.16 | 39.66 | -300.0 | -1.01 | 44.2 | -621.43 | 0.12 | 9.09 | -14.29 | -2.70 | 74.31 | -170.87 | 78.99 | 8.01 | 9.37 | 47.92 | -36.88 | 125.06 | 52.78 | 122.94 | -81.87 | 6.63 | 0.3 | 25.33 |
| 22Q4 (11) | -0.47 | 9.62 | -1075.0 | -11.07 | -35.83 | -243.58 | -14.31 | -21.79 | -403.18 | -18.77 | -0.21 | -1637.96 | -18.97 | 0.99 | -1226.57 | -3.58 | 6.53 | -1054.84 | -1.81 | 6.7 | 0 | 0.11 | 0.0 | -8.33 | -10.51 | 5.32 | -294.99 | 73.13 | -9.26 | -4.29 | 75.92 | 21.11 | 117.75 | 23.67 | -36.56 | -95.51 | 6.61 | 6.61 | 13.18 |
| 22Q3 (10) | -0.52 | -108.0 | -2700.0 | -8.15 | -329.58 | -188.68 | -11.75 | -2275.93 | -274.33 | -18.73 | -204.06 | -4902.56 | -19.16 | -222.02 | -3648.15 | -3.83 | -112.78 | -2835.71 | -1.94 | -128.24 | -846.15 | 0.11 | -35.29 | -26.67 | -11.10 | -722.22 | -289.1 | 80.59 | 6.88 | 0.7 | 62.69 | 815.67 | -96.2 | 37.31 | -65.69 | 102.41 | 6.20 | 29.98 | 20.16 |
| 22Q2 (9) | -0.25 | -212.5 | -2600.0 | 3.55 | -42.65 | -51.3 | 0.54 | -84.57 | -88.68 | -6.16 | -242.22 | -1721.05 | -5.95 | -175.46 | -1422.22 | -1.80 | -233.33 | -1736.36 | -0.85 | -507.14 | -440.0 | 0.17 | 21.43 | 21.43 | -1.35 | -135.43 | -120.77 | 75.40 | 4.4 | 8.05 | -8.76 | 95.42 | -100.73 | 108.76 | -62.65 | 109.89 | 4.77 | -9.83 | -7.74 |
| 22Q1 (8) | -0.08 | -100.0 | -366.67 | 6.19 | -19.71 | -21.35 | 3.50 | -25.85 | -33.08 | -1.80 | -66.67 | -257.89 | -2.16 | -51.05 | -298.17 | -0.54 | -74.19 | -325.0 | -0.14 | 0 | -142.42 | 0.14 | 16.67 | 7.69 | 3.81 | -29.31 | -49.4 | 72.22 | -5.48 | -0.56 | -191.18 | 55.31 | -141.75 | 291.18 | -44.83 | 181.36 | 5.29 | -9.42 | 1.15 |
| 21Q4 (7) | -0.04 | -300.0 | 69.23 | 7.71 | -16.1 | 1980.49 | 4.72 | -29.97 | 240.9 | -1.08 | -376.92 | 76.92 | -1.43 | -364.81 | 69.96 | -0.31 | -321.43 | 67.71 | 0.00 | -100.0 | 100.0 | 0.12 | -20.0 | 33.33 | 5.39 | -8.18 | 102.63 | 76.41 | -4.52 | 2.87 | -427.78 | -125.93 | -702.38 | 527.78 | 134.05 | 1720.83 | 5.84 | 13.18 | 17.51 |
| 21Q3 (6) | 0.02 | 100.0 | 111.11 | 9.19 | 26.06 | 578.65 | 6.74 | 41.3 | 216.81 | 0.39 | 2.63 | 105.28 | 0.54 | 20.0 | 107.26 | 0.14 | 27.27 | 109.79 | 0.26 | 4.0 | 170.27 | 0.15 | 7.14 | 114.29 | 5.87 | -9.69 | 615.85 | 80.03 | 14.69 | -56.08 | 1650.00 | 37.5 | 2021.43 | -1550.00 | -40.91 | -7407.14 | 5.16 | -0.19 | -15.27 |
| 21Q2 (5) | 0.01 | -66.67 | 104.55 | 7.29 | -7.37 | 371.0 | 4.77 | -8.8 | 178.84 | 0.38 | -66.67 | 104.1 | 0.45 | -58.72 | 104.79 | 0.11 | -54.17 | 106.21 | 0.25 | -24.24 | 150.0 | 0.14 | 7.69 | 100.0 | 6.50 | -13.68 | 933.33 | 69.78 | -3.92 | -61.25 | 1200.00 | 162.07 | 1730.77 | -1100.00 | -207.35 | -3292.68 | 5.17 | -1.15 | 0 |
| 21Q1 (4) | 0.03 | 123.08 | 0.0 | 7.87 | 2019.51 | 0.0 | 5.23 | 256.12 | 0.0 | 1.14 | 124.36 | 0.0 | 1.09 | 122.9 | 0.0 | 0.24 | 125.0 | 0.0 | 0.33 | 222.22 | 0.0 | 0.13 | 44.44 | 0.0 | 7.53 | 183.08 | 0.0 | 72.63 | -2.22 | 0.0 | 457.89 | 544.79 | 0.0 | -357.89 | -1334.74 | 0.0 | 5.23 | 5.23 | 0.0 |
| 20Q4 (3) | -0.13 | 27.78 | 0.0 | -0.41 | 78.65 | 0.0 | -3.35 | 41.94 | 0.0 | -4.68 | 36.59 | 0.0 | -4.76 | 36.02 | 0.0 | -0.96 | 32.87 | 0.0 | -0.27 | 27.03 | 0.0 | 0.09 | 28.57 | 0.0 | 2.66 | 224.39 | 0.0 | 74.28 | -59.23 | 0.0 | 71.01 | -8.7 | 0.0 | 28.99 | 36.65 | 0.0 | 4.97 | -18.39 | 0.0 |
| 20Q3 (2) | -0.18 | 18.18 | 0.0 | -1.92 | 28.62 | 0.0 | -5.77 | 4.63 | 0.0 | -7.38 | 20.3 | 0.0 | -7.44 | 20.85 | 0.0 | -1.43 | 19.21 | 0.0 | -0.37 | 26.0 | 0.0 | 0.07 | 0.0 | 0.0 | 0.82 | 205.13 | 0.0 | 182.20 | 1.18 | 0.0 | 77.78 | 18.66 | 0.0 | 21.21 | -38.43 | 0.0 | 6.09 | 0 | 0.0 |
| 20Q2 (1) | -0.22 | 0.0 | 0.0 | -2.69 | 0.0 | 0.0 | -6.05 | 0.0 | 0.0 | -9.26 | 0.0 | 0.0 | -9.40 | 0.0 | 0.0 | -1.77 | 0.0 | 0.0 | -0.50 | 0.0 | 0.0 | 0.07 | 0.0 | 0.0 | -0.78 | 0.0 | 0.0 | 180.07 | 0.0 | 0.0 | 65.55 | 0.0 | 0.0 | 34.45 | 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 | ||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 (10) | -2.04 | 0 | -7.64 | 0 | -10.58 | 0 | 4.39 | -26.35 | -15.72 | 0 | -15.71 | 0 | -18.57 | 0 | -7.31 | 0 | 0.54 | 31.71 | -8.52 | 0 | 137.95 | 35.76 | 67.28 | 3.34 | 32.72 | -6.23 | 0.00 | 0 | 5.76 | -18.87 |
| 2023 (9) | -1.85 | 0 | -9.33 | 0 | -12.77 | 0 | 5.96 | 34.37 | -19.25 | 0 | -19.17 | 0 | -14.63 | 0 | -6.85 | 0 | 0.41 | -25.45 | -10.63 | 0 | 101.61 | 38.94 | 65.11 | 60.19 | 34.89 | -41.21 | 0.00 | 0 | 7.10 | 27.7 |
| 2022 (8) | -1.31 | 0 | -0.97 | 0 | -4.07 | 0 | 4.44 | 1.44 | -10.02 | 0 | -10.17 | 0 | -9.75 | 0 | -4.77 | 0 | 0.55 | 1.85 | -3.73 | 0 | 73.13 | -4.29 | 40.64 | -98.29 | 59.36 | 0 | 0.00 | 0 | 5.56 | 4.12 |
| 2021 (7) | 0.02 | 0 | 8.05 | 0 | 5.42 | 0 | 4.37 | -19.84 | 0.22 | 0 | 0.19 | 0 | 0.18 | 0 | 0.84 | 0 | 0.54 | 74.19 | 6.31 | 0 | 76.41 | 2.87 | 2375.00 | 3127.05 | -2281.25 | 0 | 0.00 | 0 | 5.34 | -7.77 |
| 2020 (6) | -0.89 | 0 | -2.92 | 0 | -6.33 | 0 | 5.46 | 8.02 | -8.61 | 0 | -8.67 | 0 | -7.03 | 0 | -2.08 | 0 | 0.31 | 3.33 | -0.79 | 0 | 74.28 | -72.48 | 73.60 | -2.08 | 26.61 | 7.12 | 0.00 | 0 | 5.79 | 13.31 |
| 2019 (5) | -1.21 | 0 | -3.59 | 0 | -7.29 | 0 | 5.05 | 34.22 | -9.70 | 0 | -9.96 | 0 | -10.63 | 0 | -2.49 | 0 | 0.30 | -34.78 | -2.62 | 0 | 269.93 | 10.69 | 75.16 | -89.26 | 24.84 | 0 | 0.06 | 40.2 | 5.11 | 22.54 |
| 2018 (4) | 0.03 | 0 | 4.48 | 34.13 | 1.60 | 900.0 | 3.76 | -9.12 | 0.23 | 0 | 0.12 | 0 | 0.24 | 0 | 0.61 | 0 | 0.46 | -2.13 | 5.51 | 42.38 | 243.87 | -47.16 | 700.00 | 0 | -600.00 | 0 | 0.04 | -11.06 | 4.17 | 0.0 |
| 2017 (3) | -0.35 | 0 | 3.34 | 22.34 | 0.16 | 0 | 4.14 | -13.7 | -2.11 | 0 | -2.31 | 0 | -5.57 | 0 | -0.37 | 0 | 0.47 | -4.08 | 3.87 | 20.19 | 461.50 | 29.38 | -7.69 | 0 | 107.69 | 26.14 | 0.04 | 0 | 4.17 | -0.71 |
| 2016 (2) | -0.41 | 0 | 2.73 | 0 | -0.51 | 0 | 4.80 | 1.15 | -3.48 | 0 | -3.53 | 0 | -7.23 | 0 | -0.96 | 0 | 0.49 | -9.26 | 3.22 | 631.82 | 356.71 | 26.22 | 14.62 | -73.08 | 85.38 | 86.92 | 0.00 | 0 | 4.20 | 9.66 |
| 2015 (1) | -0.79 | 0 | -0.59 | 0 | -3.60 | 0 | 4.74 | -2.81 | -6.62 | 0 | -6.62 | 0 | -12.59 | 0 | -2.53 | 0 | 0.54 | 0.0 | 0.44 | 0 | 282.61 | 23.88 | 54.33 | -24.81 | 45.67 | 64.58 | 0.00 | 0 | 3.83 | 0.0 |
