- 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) | -1.16 | -329.63 | 7.2 | -7.62 | -137.48 | -129.23 | -46.08 | -320.05 | 19.6 | -49.99 | -416.96 | 28.49 | -50.30 | -414.31 | 28.76 | -40.19 | -433.73 | -44.57 | -11.40 | -400.0 | -7.65 | 0.23 | -11.54 | 53.33 | -42.23 | -1511.83 | 27.69 | 317.68 | 59.3 | 74.02 | 92.03 | -18.96 | 11.93 | 7.97 | 158.76 | -56.09 | 38.36 | 7.3 | -22.21 |
| 24Q2 (19) | -0.27 | -1000.0 | -28.57 | 20.33 | -14.07 | -2.07 | -10.97 | -918.66 | 38.47 | -9.67 | -3219.35 | -5.45 | -9.78 | -3254.84 | -6.42 | -7.53 | -2529.03 | -80.58 | -2.28 | -770.59 | -48.05 | 0.26 | -21.21 | 36.84 | -2.62 | -135.26 | -1210.0 | 199.42 | -0.1 | 46.54 | 113.56 | -69.03 | -41.31 | -13.56 | 94.92 | 85.49 | 35.75 | 35.26 | -5.87 |
| 24Q1 (18) | 0.03 | 0.0 | 106.67 | 23.66 | 46.23 | 26.59 | 1.34 | 157.02 | 105.45 | 0.31 | -57.53 | 101.27 | 0.31 | -56.94 | 101.26 | 0.31 | -48.33 | 103.69 | 0.34 | -26.09 | 110.46 | 0.33 | 17.86 | 135.71 | 7.43 | 8.78 | 154.55 | 199.62 | -5.46 | 53.11 | 366.67 | 214.58 | 262.85 | -266.67 | -163.49 | 0 | 26.43 | -11.37 | -42.71 |
| 23Q4 (17) | 0.03 | 102.4 | 110.71 | 16.18 | -37.94 | -48.32 | -2.35 | 95.9 | 71.45 | 0.73 | 101.04 | 110.07 | 0.72 | 101.02 | 107.93 | 0.60 | 102.16 | 112.12 | 0.46 | 104.34 | 128.22 | 0.28 | 86.67 | 33.33 | 6.83 | 111.7 | 0 | 211.15 | 15.67 | 42.66 | -320.00 | -489.19 | -381.6 | 420.00 | 2214.29 | 3180.0 | 29.82 | -39.53 | -15.36 |
| 23Q3 (16) | -1.25 | -495.24 | -546.43 | 26.07 | 25.58 | -5.51 | -57.31 | -221.42 | -1221.53 | -69.91 | -662.38 | -1259.37 | -70.61 | -668.34 | -1272.92 | -27.80 | -566.67 | -638.76 | -10.59 | -587.66 | -599.53 | 0.15 | -21.05 | -51.61 | -58.40 | -29100.0 | -625.18 | 182.55 | 34.14 | 3.38 | 82.22 | -57.5 | -3.16 | 18.15 | 119.41 | 20.23 | 49.31 | 29.83 | 99.8 |
| 23Q2 (15) | -0.21 | 53.33 | -520.0 | 20.76 | 11.08 | -11.02 | -17.83 | 27.49 | -737.09 | -9.17 | 62.56 | -789.47 | -9.19 | 62.73 | -806.92 | -4.17 | 50.3 | -602.41 | -1.54 | 52.62 | -396.15 | 0.19 | 35.71 | -17.39 | -0.20 | 98.53 | -102.37 | 136.09 | 4.38 | -22.64 | 193.48 | 91.46 | 219.06 | -93.48 | 0 | -133.99 | 37.98 | -17.67 | 13.88 |
| 23Q1 (14) | -0.45 | -60.71 | -104.55 | 18.69 | -40.31 | -15.96 | -24.59 | -198.78 | -343.86 | -24.49 | -237.79 | -180.53 | -24.66 | -171.59 | -323.71 | -8.39 | -69.49 | -95.57 | -3.25 | -99.39 | -137.23 | 0.14 | -33.33 | -48.15 | -13.62 | 0 | -449.19 | 130.38 | -11.91 | -30.39 | 101.05 | -11.07 | 59.16 | -0.00 | 100.0 | -100.0 | 46.13 | 30.94 | 60.4 |
| 22Q4 (13) | -0.28 | -200.0 | -12.0 | 31.31 | 13.48 | 55.08 | -8.23 | -261.06 | -8.72 | -7.25 | -220.23 | 12.44 | -9.08 | -250.83 | -24.55 | -4.95 | -195.93 | -11.24 | -1.63 | -176.89 | -5.16 | 0.21 | -32.26 | -12.5 | 0.00 | -100.0 | 100.0 | 148.01 | -16.18 | -6.6 | 113.64 | 33.84 | 23.11 | -13.64 | -190.34 | -277.27 | 35.23 | 42.75 | 27.92 |
| 22Q3 (12) | 0.28 | 460.0 | 196.55 | 27.59 | 18.26 | 38.64 | 5.11 | 339.91 | 155.24 | 6.03 | 353.38 | 174.54 | 6.02 | 363.08 | 174.41 | 5.16 | 521.69 | 200.98 | 2.12 | 307.69 | 218.44 | 0.31 | 34.78 | 29.17 | 11.12 | 31.75 | 589.87 | 176.59 | 0.38 | 17.38 | 84.91 | 152.25 | -24.84 | 15.09 | -94.51 | 201.89 | 24.68 | -26.0 | -25.26 |
| 22Q2 (11) | 0.05 | 122.73 | -75.0 | 23.33 | 4.9 | -4.89 | -2.13 | 61.55 | -151.95 | 1.33 | 115.23 | -66.07 | 1.30 | 122.34 | -66.84 | 0.83 | 119.35 | -75.94 | 0.52 | 137.96 | -64.86 | 0.23 | -14.81 | -30.3 | 8.44 | 440.32 | 8.76 | 175.92 | -6.07 | 6.0 | -162.50 | -355.94 | -253.72 | 275.00 | 653.26 | 4912.5 | 33.35 | 15.96 | 33.77 |
| 22Q1 (10) | -0.22 | 12.0 | 37.14 | 22.24 | 10.15 | 14.17 | -5.54 | 26.82 | 35.88 | -8.73 | -5.43 | 10.28 | -5.82 | 20.16 | 40.18 | -4.29 | 3.6 | 26.67 | -1.37 | 11.61 | 35.07 | 0.27 | 12.5 | 12.5 | -2.48 | -11.21 | 31.49 | 187.29 | 18.19 | 14.56 | 63.49 | -31.22 | -28.43 | 36.51 | 374.6 | 223.36 | 28.76 | 4.43 | -11.56 |
| 21Q4 (9) | -0.25 | 13.79 | -316.67 | 20.19 | 1.46 | 8.14 | -7.57 | 18.16 | -444.09 | -8.28 | -2.35 | -444.74 | -7.29 | 9.89 | -376.47 | -4.45 | 12.92 | -336.27 | -1.55 | 13.41 | -675.0 | 0.24 | 0.0 | -14.29 | -2.23 | 1.76 | -134.2 | 158.47 | 5.34 | 9.3 | 92.31 | -18.28 | 163.46 | 7.69 | 151.92 | -96.87 | 27.54 | -16.6 | 3.77 |
| 21Q3 (8) | -0.29 | -245.0 | 38.3 | 19.90 | -18.87 | -4.28 | -9.25 | -325.61 | 46.31 | -8.09 | -306.38 | 50.82 | -8.09 | -306.38 | 51.21 | -5.11 | -248.12 | 31.87 | -1.79 | -220.95 | 45.59 | 0.24 | -27.27 | 14.29 | -2.27 | -129.25 | 73.57 | 150.44 | -9.36 | 10.71 | 112.96 | 6.86 | 7.83 | -14.81 | -159.26 | -211.11 | 33.02 | 32.45 | -5.85 |
| 21Q2 (7) | 0.20 | 157.14 | 127.4 | 24.53 | 25.92 | 38.51 | 4.10 | 147.45 | 108.64 | 3.92 | 140.29 | 108.83 | 3.92 | 140.29 | 108.83 | 3.45 | 158.97 | 132.52 | 1.48 | 170.14 | 128.14 | 0.33 | 37.5 | 175.0 | 7.76 | 314.36 | 130.94 | 165.97 | 1.52 | 70.17 | 105.71 | 19.17 | -1.08 | -5.71 | -150.61 | 16.83 | 24.93 | -23.34 | 0 |
| 21Q1 (6) | -0.35 | -483.33 | 69.3 | 19.48 | 4.34 | 90.05 | -8.64 | -492.73 | 83.28 | -9.73 | -540.13 | 84.67 | -9.73 | -535.95 | 84.67 | -5.85 | -473.53 | 56.57 | -2.11 | -955.0 | 69.6 | 0.24 | -14.29 | 118.18 | -3.62 | -155.52 | 92.53 | 163.49 | 12.76 | 83.72 | 88.71 | 160.99 | 9.27 | 11.29 | -95.4 | -38.24 | 32.52 | 22.53 | -40.8 |
| 20Q4 (5) | -0.06 | 87.23 | -107.5 | 18.67 | -10.2 | 16.03 | 2.20 | 112.77 | 107.17 | -1.52 | 90.76 | -102.94 | -1.53 | 90.77 | -104.49 | -1.02 | 86.4 | -111.23 | -0.20 | 93.92 | -103.88 | 0.28 | 33.33 | 100.0 | 6.52 | 175.9 | -89.8 | 144.99 | 6.7 | 75.98 | -145.45 | -238.84 | -143.67 | 245.45 | 5254.55 | 53.7 | 26.54 | -24.32 | 0 |
| 20Q3 (4) | -0.47 | 35.62 | 0.0 | 20.79 | 17.39 | 0.0 | -17.23 | 63.71 | 0.0 | -16.45 | 62.93 | 0.0 | -16.58 | 62.64 | 0.0 | -7.50 | 29.31 | 0.0 | -3.29 | 37.45 | 0.0 | 0.21 | 75.0 | 0.0 | -8.59 | 65.75 | 0.0 | 135.89 | 39.33 | 0.0 | 104.76 | -1.97 | 0.0 | -4.76 | 30.69 | 0.0 | 35.07 | 0 | 0.0 |
| 20Q2 (3) | -0.73 | 35.96 | 0.0 | 17.71 | 72.78 | 0.0 | -47.48 | 8.11 | 0.0 | -44.38 | 30.06 | 0.0 | -44.38 | 30.06 | 0.0 | -10.61 | 21.23 | 0.0 | -5.26 | 24.21 | 0.0 | 0.12 | 9.09 | 0.0 | -25.08 | 48.25 | 0.0 | 97.53 | 9.6 | 0.0 | 106.87 | 31.64 | 0.0 | -6.87 | -137.58 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | -1.14 | -242.5 | 0.0 | 10.25 | -36.3 | 0.0 | -51.67 | -68.42 | 0.0 | -63.45 | -222.73 | 0.0 | -63.45 | -286.07 | 0.0 | -13.47 | -248.35 | 0.0 | -6.94 | -234.5 | 0.0 | 0.11 | -21.43 | 0.0 | -48.46 | -175.78 | 0.0 | 88.99 | 8.01 | 0.0 | 81.18 | 236.0 | 0.0 | 18.28 | -88.55 | 0.0 | 54.93 | 0 | 0.0 |
| 19Q4 (1) | 0.80 | 0.0 | 0.0 | 16.09 | 0.0 | 0.0 | -30.68 | 0.0 | 0.0 | 51.70 | 0.0 | 0.0 | 34.10 | 0.0 | 0.0 | 9.08 | 0.0 | 0.0 | 5.16 | 0.0 | 0.0 | 0.14 | 0.0 | 0.0 | 63.95 | 0.0 | 0.0 | 82.39 | 0.0 | 0.0 | -59.69 | 0.0 | 0.0 | 159.69 | 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) | -1.88 | 0 | 19.79 | -24.09 | -21.52 | 0 | 5.24 | 31.37 | -20.70 | 0 | -20.87 | 0 | -41.29 | 0 | -14.14 | 0 | 0.72 | -29.41 | -11.86 | 0 | 211.15 | 42.66 | 103.93 | -18.97 | -3.93 | 0 | 1.17 | -37.47 | 38.97 | 30.29 |
| 2022 (9) | -0.17 | 0 | 26.07 | 22.11 | -2.08 | 0 | 3.99 | -0.14 | -1.63 | 0 | -1.29 | 0 | -3.34 | 0 | -0.37 | 0 | 1.02 | -4.67 | 4.66 | 676.67 | 148.01 | -6.6 | 128.26 | 33.31 | -28.26 | 0 | 1.87 | 20.61 | 29.91 | 2.75 |
| 2021 (8) | -0.69 | 0 | 21.35 | 20.15 | -4.48 | 0 | 4.00 | -40.39 | -4.67 | 0 | -4.45 | 0 | -11.98 | 0 | -3.99 | 0 | 1.07 | 55.07 | 0.60 | 0 | 158.47 | 9.3 | 96.21 | 9.2 | 3.79 | -68.15 | 1.55 | 22.74 | 29.11 | -24.25 |
| 2020 (7) | -2.36 | 0 | 17.77 | -21.27 | -19.79 | 0 | 6.70 | -25.54 | -22.45 | 0 | -22.48 | 0 | -32.24 | 0 | -14.49 | 0 | 0.69 | 16.95 | -12.37 | 0 | 144.99 | 75.98 | 88.11 | -74.43 | 11.89 | 0 | 1.26 | -6.82 | 38.43 | -15.24 |
| 2019 (6) | -1.22 | 0 | 22.57 | -6.85 | -27.02 | 0 | 9.00 | 19.67 | -7.82 | 0 | -12.14 | 0 | -12.71 | 0 | -6.14 | 0 | 0.59 | -15.71 | 3.98 | 0 | 82.39 | 12.25 | 344.53 | 231.13 | -245.31 | 0 | 1.35 | 49.86 | 45.34 | 22.41 |
| 2018 (5) | -2.05 | 0 | 24.23 | 12.49 | -20.52 | 0 | 7.52 | 3.13 | -19.75 | 0 | -20.05 | 0 | -22.26 | 0 | -13.68 | 0 | 0.70 | 18.64 | -10.63 | 0 | 73.40 | 57.27 | 104.05 | 16.22 | -3.81 | 0 | 0.90 | -15.48 | 37.04 | -5.63 |
| 2017 (4) | -3.06 | 0 | 21.54 | -28.96 | -23.17 | 0 | 7.29 | -1.35 | -25.86 | 0 | -31.40 | 0 | -25.69 | 0 | -18.53 | 0 | 0.59 | -1.67 | -17.30 | 0 | 46.67 | 49.97 | 89.52 | -21.15 | 10.48 | 0 | 1.07 | 0 | 39.25 | 12.63 |
| 2016 (3) | -1.45 | 0 | 30.32 | -0.23 | -11.45 | 0 | 7.39 | 2.56 | -10.09 | 0 | -13.37 | 0 | -10.07 | 0 | -7.85 | 0 | 0.60 | 1.69 | -1.54 | 0 | 31.12 | 39.3 | 113.54 | 57.04 | -13.54 | 0 | 0.00 | 0 | 34.85 | 4.09 |
| 2015 (2) | -1.01 | 0 | 30.39 | 11.73 | -6.28 | 0 | 7.21 | 3.76 | -8.67 | 0 | -8.88 | 0 | -6.43 | 0 | -5.14 | 0 | 0.59 | -6.35 | -0.69 | 0 | 22.34 | -8.18 | 72.30 | -66.04 | 27.70 | 0 | 0.00 | 0 | 33.48 | 13.72 |
| 2014 (1) | -0.39 | 0 | 27.20 | 0 | -4.72 | 0 | 6.95 | -2.1 | -2.23 | 0 | -3.04 | 0 | -2.39 | 0 | -1.81 | 0 | 0.63 | 3.28 | 5.48 | 0 | 24.33 | 4.33 | 212.90 | 76.83 | -112.90 | 0 | 0.00 | 0 | 29.44 | 4.32 |
