- 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) | 1.46 | 1012.5 | 1316.67 | 33.66 | -60.42 | -12.71 | -58.33 | 60.34 | 52.34 | 329.01 | 445.85 | 408.21 | 327.37 | 225.85 | 411.75 | 4.12 | 664.38 | 940.82 | 3.70 | 652.24 | 887.23 | 0.01 | 0 | 0 | 332.39 | 505.35 | 432.39 | 4.76 | -73.89 | 543.24 | -17.71 | -111.49 | -115.57 | 117.71 | 317.32 | 887.78 | 75.02 | -52.74 | -30.81 |
| 24Q2 (19) | -0.16 | -60.0 | -113.91 | 85.05 | 288.71 | 181.62 | -147.07 | 51.3 | 62.15 | -95.13 | 60.04 | -103.88 | -260.13 | -9.27 | -111.39 | -0.73 | -69.77 | -115.67 | -0.67 | -55.81 | -114.76 | 0.00 | 0 | 0 | -82.00 | 63.32 | -103.37 | 18.23 | 2662.12 | 272.8 | 154.17 | 21.55 | 1072.52 | -54.17 | -101.89 | -146.75 | 158.74 | -37.59 | -51.85 |
| 24Q1 (18) | -0.10 | 33.33 | 16.67 | 21.88 | -50.5 | 573.59 | -301.99 | 1.01 | -1.9 | -238.06 | 31.8 | 15.18 | -238.06 | 30.8 | 15.18 | -0.43 | 35.82 | 20.37 | -0.43 | 34.85 | 20.37 | 0.00 | 0 | 0 | -223.53 | 33.13 | 16.18 | 0.66 | -14.29 | 34.69 | 126.83 | 45.79 | 20.36 | -26.83 | -320.0 | -399.02 | 254.33 | -0.86 | 12.05 |
| 23Q4 (17) | -0.15 | -25.0 | -7.14 | 44.20 | 14.63 | 501.45 | -305.08 | -149.29 | -21.67 | -349.07 | -227.0 | -46.44 | -344.03 | -227.62 | -44.33 | -0.67 | -36.73 | 8.22 | -0.66 | -40.43 | 8.33 | 0.00 | 0 | 0 | -334.29 | -234.29 | -48.57 | 0.77 | 4.05 | 8.45 | 86.99 | -23.55 | -16.93 | 12.20 | 181.61 | 315.45 | 256.53 | 136.61 | 71.04 |
| 23Q3 (16) | -0.12 | -110.43 | 0.0 | 38.56 | 27.68 | 464.81 | -122.38 | 68.5 | 62.29 | -106.75 | -104.36 | 62.86 | -105.01 | -104.6 | 63.47 | -0.49 | -110.52 | 30.0 | -0.47 | -110.35 | 30.88 | 0.00 | 0 | 0 | -100.00 | -104.1 | 62.36 | 0.74 | -84.87 | -7.5 | 113.79 | 817.83 | 0.7 | -14.94 | -112.9 | -14.94 | 108.42 | -67.12 | -51.17 |
| 23Q2 (15) | 1.15 | 1058.33 | 18.56 | 30.20 | 753.68 | 633.01 | -388.53 | -31.1 | -57.12 | 2449.70 | 972.87 | 106.54 | 2283.83 | 913.71 | 108.58 | 4.66 | 962.96 | 22.63 | 4.54 | 940.74 | 22.04 | 0.00 | 0 | 0 | 2436.84 | 1013.8 | 103.07 | 4.89 | 897.96 | 7.0 | -15.85 | -115.04 | 24.14 | 115.85 | 2254.85 | -4.06 | 329.70 | 45.26 | 68.53 |
| 23Q1 (14) | -0.12 | 14.29 | -500.0 | -4.62 | 58.04 | -118.4 | -296.37 | -18.19 | -39.98 | -280.65 | -17.74 | -1085.77 | -280.67 | -17.75 | -1086.19 | -0.54 | 26.03 | -1000.0 | -0.54 | 25.0 | -1000.0 | 0.00 | 0 | 0 | -266.67 | -18.52 | -673.36 | 0.49 | -30.99 | 0.0 | 105.38 | 0.63 | 113.9 | -5.38 | 5.02 | -100.63 | 226.97 | 51.33 | 36.0 |
| 22Q4 (13) | -0.14 | -16.67 | -27.27 | -11.01 | -4.16 | -131.85 | -250.75 | 22.74 | -86.31 | -238.37 | 17.07 | -102.13 | -238.37 | 17.07 | -102.13 | -0.73 | -4.29 | -108.57 | -0.72 | -5.88 | -111.76 | 0.00 | 0 | 0 | -225.00 | 15.32 | -109.59 | 0.71 | -11.25 | 47.92 | 104.72 | -7.33 | -7.8 | -5.66 | 56.46 | 58.32 | 149.98 | -32.45 | 23.81 |
| 22Q3 (12) | -0.12 | -112.37 | -119.35 | -10.57 | -356.55 | -127.52 | -324.54 | -31.24 | -154.66 | -287.45 | -124.24 | -156.99 | -287.45 | -126.25 | -150.1 | -0.70 | -118.42 | -135.53 | -0.68 | -118.28 | -135.05 | 0.00 | 0 | 0 | -265.71 | -122.14 | -151.72 | 0.80 | -82.49 | -70.15 | 113.00 | 640.73 | 545.92 | -13.00 | -110.77 | -110.37 | 222.03 | 13.49 | 86.27 |
| 22Q2 (11) | 0.97 | 3133.33 | 504.17 | 4.12 | -83.59 | -82.92 | -247.28 | -16.79 | -62.4 | 1186.08 | 4066.07 | 891.04 | 1094.92 | 3747.22 | 532.89 | 3.80 | 6233.33 | 575.0 | 3.72 | 6100.0 | 570.89 | 0.00 | 0 | 0 | 1200.00 | 2480.09 | 978.03 | 4.57 | 832.65 | 915.56 | -20.90 | 97.24 | -120.67 | 120.76 | -85.93 | 10968.16 | 195.63 | 17.22 | 63.65 |
| 22Q1 (10) | 0.03 | 127.27 | 0 | 25.11 | -27.36 | -30.44 | -211.73 | -57.31 | -36.15 | 28.47 | 124.14 | 1394.09 | 28.46 | 124.13 | 1364.89 | 0.06 | 117.14 | 700.0 | 0.06 | 117.65 | 700.0 | 0.00 | 0 | 0 | 46.51 | 143.33 | 295.49 | 0.49 | 2.08 | 16.67 | -758.33 | -767.66 | -109.48 | 858.33 | 6420.45 | 111.0 | 166.89 | 37.77 | 15.85 |
| 21Q4 (9) | -0.11 | -117.74 | 54.17 | 34.57 | -10.0 | 65.64 | -134.59 | -5.61 | 42.5 | -117.93 | -123.38 | 58.2 | -117.93 | -120.55 | 64.54 | -0.35 | -117.77 | 66.02 | -0.34 | -117.53 | 66.67 | 0.00 | 0 | 0 | -107.35 | -120.9 | 60.08 | 0.48 | -82.09 | -2.04 | 113.58 | 548.21 | 37.15 | -13.58 | -110.83 | -179.01 | 121.14 | 1.63 | -27.23 |
| 21Q3 (8) | 0.62 | 358.33 | 588.89 | 38.41 | 59.25 | 303.04 | -127.44 | 16.31 | 70.83 | 504.43 | 436.42 | 229.18 | 573.74 | 326.84 | 274.41 | 1.97 | 346.25 | 217.74 | 1.94 | 345.57 | 218.03 | 0.00 | 0 | 0 | 513.70 | 475.87 | 205.01 | 2.68 | 495.56 | 20.72 | -25.34 | -125.06 | 91.2 | 125.34 | 11380.65 | -67.69 | 119.20 | -0.28 | -67.9 |
| 21Q2 (7) | -0.24 | 0 | -50.0 | 24.12 | -33.19 | -47.43 | -152.27 | 2.08 | 11.01 | -149.94 | -6715.45 | 16.58 | -252.93 | -11141.33 | -41.61 | -0.80 | -7900.0 | 35.48 | -0.79 | -7800.0 | 34.71 | 0.00 | 0 | -100.0 | -136.67 | -1262.16 | 19.01 | 0.45 | 7.14 | -87.18 | 101.11 | -98.74 | 6.04 | -1.11 | 99.99 | -123.89 | 119.54 | -17.02 | 0 |
| 21Q1 (6) | 0.00 | 100.0 | 100.0 | 36.10 | 72.98 | 3.38 | -155.51 | 33.56 | 51.7 | -2.20 | 99.22 | 99.37 | -2.25 | 99.32 | 99.47 | -0.01 | 99.03 | 99.42 | -0.01 | 99.02 | 99.41 | 0.00 | 0 | 0 | 11.76 | 104.37 | 103.59 | 0.42 | -14.29 | -66.93 | 8000.00 | 9560.38 | 8588.17 | -7800.00 | -45481.82 | -98575.0 | 144.06 | -13.46 | -43.73 |
| 20Q4 (5) | -0.24 | -366.67 | -14.29 | 20.87 | 118.99 | -43.66 | -234.05 | 46.42 | -4.68 | -282.14 | -284.12 | -11.61 | -332.53 | -317.0 | -23.06 | -1.03 | -266.13 | 34.81 | -1.02 | -267.21 | 34.62 | 0.00 | 0 | -100.0 | -268.89 | -259.65 | -10.72 | 0.49 | -77.93 | -54.63 | 82.81 | 128.76 | -6.73 | 17.19 | -95.57 | 53.26 | 166.47 | -55.17 | -4.92 |
| 20Q3 (4) | 0.09 | 156.25 | 0.0 | 9.53 | -79.23 | 0.0 | -436.82 | -155.29 | 0.0 | 153.24 | 185.26 | 0.0 | 153.24 | 185.8 | 0.0 | 0.62 | 150.0 | 0.0 | 0.61 | 150.41 | 0.0 | 0.00 | -100.0 | 0.0 | 168.42 | 199.8 | 0.0 | 2.22 | -36.75 | 0.0 | -287.93 | -401.98 | 0.0 | 387.93 | 8240.52 | 0.0 | 371.34 | 0 | 0.0 |
| 20Q2 (3) | -0.16 | 33.33 | 0.0 | 45.88 | 31.39 | 0.0 | -171.11 | 46.86 | 0.0 | -179.74 | 48.84 | 0.0 | -178.61 | 57.99 | 0.0 | -1.24 | 27.49 | 0.0 | -1.21 | 28.4 | 0.0 | 0.01 | 0 | 0.0 | -168.75 | 48.49 | 0.0 | 3.51 | 176.38 | 0.0 | 95.35 | 3.55 | 0.0 | 4.65 | -41.28 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | -0.24 | -14.29 | 0.0 | 34.92 | -5.72 | 0.0 | -321.97 | -44.0 | 0.0 | -351.35 | -38.98 | 0.0 | -425.18 | -57.35 | 0.0 | -1.71 | -8.23 | 0.0 | -1.69 | -8.33 | 0.0 | 0.00 | -100.0 | 0.0 | -327.59 | -34.89 | 0.0 | 1.27 | 17.59 | 0.0 | 92.08 | 3.71 | 0.0 | 7.92 | -29.37 | 0.0 | 256.02 | 46.22 | 0.0 |
| 19Q4 (1) | -0.21 | 0.0 | 0.0 | 37.04 | 0.0 | 0.0 | -223.59 | 0.0 | 0.0 | -252.80 | 0.0 | 0.0 | -270.22 | 0.0 | 0.0 | -1.58 | 0.0 | 0.0 | -1.56 | 0.0 | 0.0 | 0.01 | 0.0 | 0.0 | -242.86 | 0.0 | 0.0 | 1.08 | 0.0 | 0.0 | 88.79 | 0.0 | 0.0 | 11.21 | 0.0 | 0.0 | 175.09 | 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) | 0.76 | 16.92 | 30.28 | 1087.45 | -241.03 | 0 | 11.23 | -21.39 | 330.16 | 15.98 | 298.55 | 17.26 | 3.25 | 35.42 | 3.22 | 34.73 | 0.01 | 0.0 | 342.78 | 14.05 | 0.77 | 8.45 | -72.98 | 0 | 172.98 | -8.67 | 0.04 | 29.35 | 201.72 | 10.34 |
| 2022 (9) | 0.65 | 124.14 | 2.55 | -92.39 | -254.57 | 0 | 14.29 | 33.33 | 284.68 | 266.38 | 254.61 | 247.64 | 2.40 | 163.74 | 2.39 | 165.56 | 0.01 | 0.0 | 300.55 | 235.14 | 0.71 | 47.92 | -89.40 | 0 | 189.40 | -32.63 | 0.03 | 7.69 | 182.81 | 46.42 |
| 2021 (8) | 0.29 | 0 | 33.51 | 18.91 | -140.97 | 0 | 10.71 | -22.08 | 77.70 | 0 | 73.24 | 0 | 0.91 | 0 | 0.90 | 0 | 0.01 | 0.0 | 89.68 | 0 | 0.48 | -2.04 | -181.12 | 0 | 281.12 | 0 | 0.03 | -24.73 | 124.85 | -45.1 |
| 2020 (7) | -0.47 | 0 | 28.18 | -27.69 | -279.31 | 0 | 13.75 | 53.31 | -160.19 | 0 | -187.36 | 0 | -2.38 | 0 | -2.36 | 0 | 0.01 | -66.67 | -145.62 | 0 | 0.49 | -54.63 | 173.93 | 6.02 | -74.32 | 0 | 0.04 | -55.79 | 227.43 | 72.01 |
| 2019 (6) | -0.42 | 0 | 38.97 | 96.03 | -159.49 | 0 | 8.97 | 42.86 | -97.41 | 0 | -100.78 | 0 | -3.21 | 0 | -3.17 | 0 | 0.03 | 0.0 | -87.89 | 0 | 1.08 | -28.0 | 164.06 | -32.94 | -63.59 | 0 | 0.09 | -17.93 | 132.22 | 3.4 |
| 2018 (5) | -0.32 | 0 | 19.88 | -59.25 | -174.49 | 0 | 6.28 | 10.91 | -71.44 | 0 | -78.54 | 0 | -2.59 | 0 | -2.56 | 0 | 0.03 | 0.0 | -65.02 | 0 | 1.50 | 48.51 | 244.65 | 84.51 | -144.65 | 0 | 0.11 | 0 | 127.87 | -1.08 |
| 2017 (4) | -0.50 | 0 | 48.78 | -17.13 | -142.14 | 0 | 5.66 | -20.32 | -107.23 | 0 | -130.93 | 0 | -3.99 | 0 | -3.95 | 0 | 0.03 | 0.0 | -97.64 | 0 | 1.01 | 10.99 | 132.60 | -59.9 | -32.60 | 0 | 0.00 | 0 | 129.27 | -15.0 |
| 2016 (3) | -0.34 | 0 | 58.86 | 51.47 | -158.99 | 0 | 7.10 | -10.41 | -48.25 | 0 | -103.29 | 0 | -2.75 | 0 | -2.72 | 0 | 0.03 | 0.0 | -34.97 | 0 | 0.91 | -21.55 | 330.68 | 0 | -230.68 | 0 | 0.00 | 0 | 152.08 | 35.97 |
| 2015 (2) | 0.02 | 0 | 38.86 | 14.16 | -133.75 | 0 | 7.93 | 37.02 | 26.53 | 0 | 4.52 | 0 | 0.14 | 0 | 0.13 | 0 | 0.03 | -50.0 | 40.53 | 0 | 1.16 | -33.71 | -506.67 | 0 | 606.67 | 0 | 0.00 | 0 | 111.85 | 103.29 |
| 2014 (1) | -0.19 | 0 | 34.04 | 0 | -66.19 | 0 | 5.79 | -15.81 | -26.60 | 0 | -27.13 | 0 | -1.54 | 0 | -1.51 | 0 | 0.06 | 0.0 | -15.74 | 0 | 1.75 | 2.94 | 248.70 | 80.16 | -148.70 | 0 | 0.00 | 0 | 55.02 | 0.94 |
