- 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) | -0.64 | -82.86 | -106.45 | -2.31 | -317.92 | 82.45 | -32.81 | -62.43 | 31.66 | -46.37 | -134.07 | 4.23 | -41.30 | -133.33 | 3.82 | -4.63 | -68.98 | -94.54 | -4.31 | -78.84 | -122.16 | 0.11 | -21.43 | 120.0 | -33.93 | -239.3 | -41.38 | 7.95 | 53.47 | -40.54 | 69.23 | -30.77 | -30.77 | 30.77 | 0 | 0 | 19.96 | 34.14 | 27.38 |
| 24Q2 (19) | -0.35 | 25.53 | -75.0 | 1.06 | 110.07 | 101.05 | -20.20 | 62.29 | 89.13 | -19.81 | 60.22 | 84.35 | -17.70 | 59.32 | 77.95 | -2.74 | 29.02 | -87.67 | -2.41 | 25.85 | -107.76 | 0.14 | 75.0 | 600.0 | -10.00 | 69.16 | 84.0 | 5.18 | -67.85 | -72.37 | 100.00 | -5.0 | -31.25 | -0.00 | 100.0 | 100.0 | 14.88 | -55.57 | -84.87 |
| 24Q1 (18) | -0.47 | 2.08 | -4.44 | -10.53 | 66.56 | 64.97 | -53.57 | 43.22 | 41.0 | -49.80 | 51.01 | 47.57 | -43.51 | 50.4 | 44.88 | -3.86 | -3.49 | -23.32 | -3.25 | -2.2 | -35.98 | 0.08 | 100.0 | 166.67 | -32.43 | 48.65 | 45.95 | 16.11 | 7.26 | -24.68 | 105.26 | 11.11 | 11.11 | -5.26 | -200.0 | -200.0 | 33.49 | -33.33 | -37.98 |
| 23Q4 (17) | -0.48 | -54.84 | -237.14 | -31.49 | -139.29 | -210.34 | -94.34 | -96.5 | -624.69 | -101.65 | -109.93 | -904.19 | -87.72 | -104.29 | -968.51 | -3.73 | -56.72 | -253.5 | -3.18 | -63.92 | -265.62 | 0.04 | -20.0 | -76.47 | -63.16 | -163.17 | -441.59 | 15.02 | 12.34 | -39.39 | 94.74 | -5.26 | -32.33 | 5.26 | 0 | 113.16 | 50.23 | 220.55 | 451.37 |
| 23Q3 (16) | -0.31 | -55.0 | -132.98 | -13.16 | 86.92 | -148.83 | -48.01 | 74.16 | -352.15 | -48.42 | 61.76 | -305.78 | -42.94 | 46.5 | -343.15 | -2.38 | -63.01 | -134.34 | -1.94 | -67.24 | -142.17 | 0.05 | 150.0 | -80.0 | -24.00 | 61.6 | -185.65 | 13.37 | -28.69 | -74.96 | 100.00 | -31.25 | 22.86 | -0.00 | 100.0 | -100.0 | 15.67 | -84.06 | 205.46 |
| 23Q2 (15) | -0.20 | 55.56 | -140.82 | -100.58 | -234.6 | -703.0 | -185.78 | -104.63 | -1965.26 | -126.61 | -33.3 | -1251.0 | -80.26 | -1.69 | -1121.12 | -1.46 | 53.35 | -140.9 | -1.16 | 51.46 | -150.43 | 0.02 | -33.33 | -92.86 | -62.50 | -4.17 | -522.87 | 18.75 | -12.34 | -70.54 | 145.45 | 53.54 | 60.0 | -45.45 | -963.64 | -600.0 | 98.33 | 82.09 | 1741.39 |
| 23Q1 (14) | -0.45 | -228.57 | -156.25 | -30.06 | -205.33 | -211.58 | -90.79 | -604.95 | -574.59 | -94.98 | -851.42 | -583.85 | -78.93 | -881.49 | -643.97 | -3.13 | -228.81 | -151.99 | -2.39 | -224.48 | -161.28 | 0.03 | -82.35 | -88.46 | -60.00 | -424.5 | -348.34 | 21.39 | -13.68 | -67.93 | 94.74 | -32.33 | -2.48 | 5.26 | 113.16 | 84.21 | 54.00 | 492.76 | 905.59 |
| 22Q4 (13) | 0.35 | -62.77 | 75.0 | 28.54 | 5.9 | 46.66 | 17.98 | -5.57 | 107.38 | 12.64 | -46.28 | 1.77 | 10.10 | -42.81 | 58.06 | 2.43 | -64.94 | 48.17 | 1.92 | -58.26 | 56.1 | 0.17 | -32.0 | 6.25 | 18.49 | -34.01 | 2.15 | 24.78 | -53.6 | -54.07 | 140.00 | 72.0 | 102.22 | -40.00 | -315.0 | -230.0 | 9.11 | 77.58 | 1.0 |
| 22Q3 (12) | 0.94 | 91.84 | 1780.0 | 26.95 | 61.57 | 79.43 | 19.04 | 91.16 | 907.41 | 23.53 | 113.91 | 1036.71 | 17.66 | 124.68 | 744.98 | 6.93 | 94.12 | 1550.0 | 4.60 | 100.0 | 1177.78 | 0.25 | -10.71 | 108.33 | 28.02 | 89.58 | 158.49 | 53.40 | -16.1 | -12.96 | 81.40 | -10.47 | -18.6 | 18.60 | 104.65 | 0 | 5.13 | -3.93 | -52.85 |
| 22Q2 (11) | 0.49 | -38.75 | -37.18 | 16.68 | -38.08 | -36.34 | 9.96 | -47.94 | -41.62 | 11.00 | -43.96 | -43.12 | 7.86 | -45.83 | -44.8 | 3.57 | -40.7 | -42.7 | 2.30 | -41.03 | -37.84 | 0.28 | 7.69 | 12.0 | 14.78 | -38.82 | -37.37 | 63.65 | -4.56 | -26.7 | 90.91 | -6.42 | 3.03 | 9.09 | 218.18 | -22.73 | 5.34 | -0.56 | -27.05 |
| 22Q1 (10) | 0.80 | 300.0 | 63.27 | 26.94 | 38.44 | 42.54 | 19.13 | 120.65 | 97.42 | 19.63 | 58.05 | 85.36 | 14.51 | 127.07 | 88.2 | 6.02 | 267.07 | 52.79 | 3.90 | 217.07 | 56.63 | 0.26 | 62.5 | -13.33 | 24.16 | 33.48 | 66.74 | 66.69 | 23.61 | 11.09 | 97.14 | 40.32 | 6.86 | 2.86 | -90.71 | -68.57 | 5.37 | -40.47 | -24.47 |
| 21Q4 (9) | 0.20 | 300.0 | -23.08 | 19.46 | 29.56 | 78.04 | 8.67 | 358.73 | 1600.0 | 12.42 | 500.0 | 671.43 | 6.39 | 205.74 | 27.8 | 1.64 | 290.48 | -23.0 | 1.23 | 241.67 | -3.15 | 0.16 | 33.33 | -33.33 | 18.10 | 66.97 | 209.4 | 53.95 | -12.06 | -34.87 | 69.23 | -30.77 | 107.69 | 30.77 | 0 | -53.85 | 9.02 | -17.1 | 7.25 |
| 21Q3 (8) | 0.05 | -93.59 | -96.09 | 15.02 | -42.67 | -0.46 | 1.89 | -88.92 | -69.71 | 2.07 | -89.3 | -93.08 | 2.09 | -85.32 | -91.76 | 0.42 | -93.26 | -96.26 | 0.36 | -90.27 | -94.56 | 0.12 | -52.0 | -52.0 | 10.84 | -54.07 | -68.98 | 61.35 | -29.34 | -5.24 | 100.00 | 13.33 | 400.0 | 0.00 | -100.0 | -100.0 | 10.88 | 48.63 | 0 |
| 21Q2 (7) | 0.78 | 59.18 | 358.82 | 26.20 | 38.62 | 94.94 | 17.06 | 76.06 | 296.74 | 19.34 | 82.63 | 296.31 | 14.24 | 84.7 | 293.37 | 6.23 | 58.12 | 304.55 | 3.70 | 48.59 | 239.45 | 0.25 | -16.67 | 4.17 | 23.60 | 62.87 | 125.62 | 86.83 | 44.64 | 2.08 | 88.24 | -2.94 | -11.76 | 11.76 | 29.41 | -17.65 | 7.32 | 2.95 | 0 |
| 21Q1 (6) | 0.49 | 88.46 | 590.0 | 18.90 | 72.92 | 100.85 | 9.69 | 1800.0 | 343.47 | 10.59 | 557.76 | 637.56 | 7.71 | 54.2 | 375.36 | 3.94 | 84.98 | 537.78 | 2.49 | 96.06 | 878.12 | 0.30 | 25.0 | 50.0 | 14.49 | 147.69 | 194.51 | 60.03 | -27.54 | -14.98 | 90.91 | 172.73 | -63.64 | 9.09 | -86.36 | 109.09 | 7.11 | -15.46 | 0 |
| 20Q4 (5) | 0.26 | -79.69 | 165.0 | 10.93 | -27.57 | 6731.25 | 0.51 | -91.83 | 103.09 | 1.61 | -94.62 | 108.5 | 5.00 | -80.28 | 141.84 | 2.13 | -81.03 | 164.74 | 1.27 | -80.82 | 170.17 | 0.24 | -4.0 | 41.18 | 5.85 | -83.26 | 149.96 | 82.84 | 27.96 | 43.69 | 33.33 | 66.67 | -61.11 | 66.67 | -14.53 | 366.67 | 8.41 | 0 | -31.07 |
| 20Q3 (4) | 1.28 | 652.94 | 0.0 | 15.09 | 12.28 | 0.0 | 6.24 | 45.12 | 0.0 | 29.92 | 513.11 | 0.0 | 25.35 | 600.28 | 0.0 | 11.23 | 629.22 | 0.0 | 6.62 | 507.34 | 0.0 | 0.25 | 4.17 | 0.0 | 34.94 | 234.03 | 0.0 | 64.74 | -23.89 | 0.0 | 20.00 | -80.0 | 0.0 | 78.00 | 446.0 | 0.0 | 0.00 | 0 | 0.0 |
| 20Q2 (3) | 0.17 | 270.0 | 0.0 | 13.44 | 42.83 | 0.0 | 4.30 | 208.04 | 0.0 | 4.88 | 347.72 | 0.0 | 3.62 | 229.29 | 0.0 | 1.54 | 271.11 | 0.0 | 1.09 | 440.62 | 0.0 | 0.24 | 20.0 | 0.0 | 10.46 | 112.6 | 0.0 | 85.06 | 20.46 | 0.0 | 100.00 | -60.0 | 0.0 | 14.29 | 114.29 | 0.0 | 0.00 | 0 | 0.0 |
| 20Q1 (2) | -0.10 | 75.0 | 0.0 | 9.41 | 5781.25 | 0.0 | -3.98 | 75.92 | 0.0 | -1.97 | 89.6 | 0.0 | -2.80 | 76.57 | 0.0 | -0.90 | 72.64 | 0.0 | -0.32 | 82.32 | 0.0 | 0.20 | 17.65 | 0.0 | 4.92 | 142.02 | 0.0 | 70.61 | 22.48 | 0.0 | 250.00 | 191.67 | 0.0 | -100.00 | -800.0 | 0.0 | 0.00 | -100.0 | 0.0 |
| 19Q4 (1) | -0.40 | 0.0 | 0.0 | 0.16 | 0.0 | 0.0 | -16.53 | 0.0 | 0.0 | -18.94 | 0.0 | 0.0 | -11.95 | 0.0 | 0.0 | -3.29 | 0.0 | 0.0 | -1.81 | 0.0 | 0.0 | 0.17 | 0.0 | 0.0 | -11.71 | 0.0 | 0.0 | 57.65 | 0.0 | 0.0 | 85.71 | 0.0 | 0.0 | 14.29 | 0.0 | 0.0 | 12.20 | 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) | -1.43 | 0 | -32.87 | 0 | -88.04 | 0 | 30.56 | 768.29 | -84.26 | 0 | -68.87 | 0 | -10.62 | 0 | -8.42 | 0 | 0.13 | -87.96 | -50.00 | 0 | 15.02 | -39.39 | 105.00 | 9.77 | -5.00 | 0 | 0.00 | 0 | 44.91 | 654.79 |
| 2022 (9) | 2.51 | 65.13 | 24.17 | 16.65 | 16.18 | 51.5 | 3.52 | -19.34 | 16.88 | 35.91 | 12.60 | 44.99 | 18.80 | 53.85 | 14.41 | 83.33 | 1.08 | 28.57 | 21.26 | 20.59 | 24.78 | -54.07 | 95.65 | 11.33 | 4.35 | -69.13 | 0.00 | 0 | 5.95 | -26.27 |
| 2021 (8) | 1.52 | -4.4 | 20.72 | 67.37 | 10.68 | 403.77 | 4.36 | 2.87 | 12.42 | 32.13 | 8.69 | 0.81 | 12.22 | -7.84 | 7.86 | -6.76 | 0.84 | -6.67 | 17.63 | 21.42 | 53.95 | -34.87 | 85.92 | 283.32 | 14.08 | -81.85 | 0.00 | 0 | 8.07 | -2.06 |
| 2020 (7) | 1.59 | 562.5 | 12.38 | 26.97 | 2.12 | 0 | 4.24 | 1.29 | 9.40 | 223.02 | 8.62 | 533.82 | 13.26 | 566.33 | 8.43 | 290.28 | 0.90 | 1.12 | 14.52 | 73.27 | 82.84 | 43.69 | 22.41 | 0 | 77.59 | -51.15 | 0.00 | 0 | 8.24 | -5.07 |
| 2019 (6) | 0.24 | -83.33 | 9.75 | -37.3 | -1.55 | 0 | 4.19 | 46.74 | 2.91 | -54.46 | 1.36 | -76.06 | 1.99 | -83.51 | 2.16 | -73.98 | 0.89 | -28.23 | 8.38 | -20.79 | 57.65 | -20.68 | -52.94 | 0 | 158.82 | 0 | 0.00 | 0 | 8.68 | 38.44 |
| 2018 (5) | 1.44 | 2300.0 | 15.55 | -8.04 | 6.65 | 1131.48 | 2.85 | -50.54 | 6.39 | 698.75 | 5.68 | 1162.22 | 12.07 | 2221.15 | 8.30 | 558.73 | 1.24 | 85.07 | 10.58 | 29.5 | 72.68 | 4.29 | 103.70 | 55.56 | -3.70 | 0 | 0.00 | 0 | 6.27 | -37.05 |
| 2017 (4) | 0.06 | -97.0 | 16.91 | -36.9 | 0.54 | -95.89 | 5.77 | 10.85 | 0.80 | -94.28 | 0.45 | -95.99 | 0.52 | -97.01 | 1.26 | -88.32 | 0.67 | -22.09 | 8.17 | -60.76 | 69.69 | -0.9 | 66.67 | -29.58 | 33.33 | 400.0 | 0.00 | 0 | 9.96 | 15.28 |
| 2016 (3) | 2.00 | 53.85 | 26.80 | 24.77 | 13.15 | 25.72 | 5.20 | 2.47 | 13.99 | 33.75 | 11.23 | 63.23 | 17.42 | 56.8 | 10.79 | 56.15 | 0.86 | 4.88 | 20.82 | 18.9 | 70.32 | -22.19 | 94.67 | -5.33 | 6.67 | 0 | 0.00 | 0 | 8.64 | 3.72 |
| 2015 (2) | 1.30 | -13.91 | 21.48 | 16.23 | 10.46 | 14.19 | 5.08 | 67.37 | 10.46 | 20.09 | 6.88 | 22.42 | 11.11 | -2.11 | 6.91 | -3.09 | 0.82 | -28.7 | 17.51 | 41.1 | 90.37 | -12.36 | 100.00 | -4.55 | 0.00 | 0 | 0.00 | 0 | 8.33 | 8.18 |
| 2014 (1) | 1.51 | -25.25 | 18.48 | 0 | 9.16 | 0 | 3.03 | -16.22 | 8.71 | 0 | 5.62 | 0 | 11.35 | 0 | 7.13 | 0 | 1.15 | -17.86 | 12.41 | -14.35 | 103.11 | 122.41 | 104.76 | 9.75 | -4.76 | 0 | 0.00 | 0 | 7.70 | 4.19 |
