- 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) | -0.48 | -340.0 | -265.52 | 23.58 | -4.46 | -3.76 | -5.12 | -4754.55 | 25.36 | -41.67 | -280.62 | -211.39 | -55.28 | -349.57 | -252.08 | -3.75 | -338.85 | -275.23 | -3.24 | -331.43 | -271.43 | 0.06 | 0.0 | 20.0 | -36.14 | -227.21 | -181.84 | 15.83 | 12.99 | 1.87 | 13.04 | 0 | 168.77 | 88.41 | -11.59 | -24.6 | 66.40 | 4.6 | -2.45 |
| 24Q2 (19) | 0.20 | 129.41 | 150.0 | 24.68 | 7.59 | -1.36 | 0.11 | 102.1 | 0 | 23.07 | 127.94 | 127.51 | 22.15 | 126.35 | 150.28 | 1.57 | 129.85 | 170.69 | 1.40 | 131.46 | 164.15 | 0.06 | 20.0 | 0.0 | 28.41 | 137.17 | 76.79 | 14.01 | -13.84 | -11.94 | 0.00 | -100.0 | 0 | 100.00 | 6.61 | 0.0 | 63.48 | -8.82 | 1.16 |
| 24Q1 (18) | -0.68 | -100.0 | -51.11 | 22.94 | -9.97 | -9.86 | -5.25 | -101.15 | -1021.05 | -82.57 | -180.85 | -51.34 | -84.07 | -122.58 | -50.04 | -5.26 | -108.73 | -60.37 | -4.45 | -110.9 | -62.41 | 0.05 | -16.67 | 0.0 | -76.43 | -224.41 | -58.01 | 16.26 | -12.67 | -1.45 | 6.20 | -36.74 | 614.73 | 93.80 | 1.78 | -7.32 | 69.62 | 12.2 | 1.93 |
| 23Q4 (17) | -0.34 | -217.24 | 27.66 | 25.48 | 4.0 | 10.49 | -2.61 | 61.95 | -569.23 | -29.40 | -178.59 | 62.23 | -37.77 | -203.91 | 33.6 | -2.52 | -217.76 | 30.19 | -2.11 | -211.64 | 27.49 | 0.06 | 20.0 | 20.0 | -23.56 | -153.35 | 66.03 | 18.62 | 19.82 | -9.48 | 9.80 | 151.69 | 1223.53 | 92.16 | -21.4 | -7.16 | 62.05 | -8.84 | 3.76 |
| 23Q3 (16) | 0.29 | 262.5 | 114.72 | 24.50 | -2.08 | 26.61 | -6.86 | 0 | 26.16 | 37.41 | 268.93 | 112.33 | 36.35 | 310.73 | 111.98 | 2.14 | 268.97 | 115.65 | 1.89 | 256.6 | 116.98 | 0.05 | -16.67 | 25.0 | 44.16 | 174.8 | 115.12 | 15.54 | -2.33 | -37.21 | -18.97 | 0 | -714.19 | 117.24 | 17.24 | 20.98 | 68.07 | 8.48 | -10.95 |
| 23Q2 (15) | 0.08 | 117.78 | 106.84 | 25.02 | -1.69 | 25.16 | 0.00 | -100.0 | 100.0 | 10.14 | 118.59 | 106.57 | 8.85 | 115.8 | 105.02 | 0.58 | 117.68 | 108.37 | 0.53 | 119.34 | 108.77 | 0.06 | 20.0 | 100.0 | 16.07 | 133.22 | 111.19 | 15.91 | -3.58 | -23.33 | 0.00 | 100.0 | -100.0 | 100.00 | -1.19 | 7.88 | 62.75 | -8.13 | -7.15 |
| 23Q1 (14) | -0.45 | 4.26 | 0.0 | 25.45 | 10.36 | 21.54 | 0.57 | 246.15 | 106.53 | -54.56 | 29.91 | 18.26 | -56.03 | 1.49 | 19.92 | -3.28 | 9.14 | -32.26 | -2.74 | 5.84 | -21.78 | 0.05 | 0.0 | 66.67 | -48.37 | 30.26 | 12.8 | 16.50 | -19.79 | 86.86 | -1.20 | -262.65 | -109.24 | 101.20 | 1.96 | 16.39 | 68.30 | 14.21 | -4.81 |
| 22Q4 (13) | -0.47 | 76.14 | -246.88 | 23.06 | 19.17 | 10.92 | -0.39 | 95.8 | 98.61 | -77.84 | 74.35 | -359.47 | -56.88 | 81.25 | -222.3 | -3.61 | 73.59 | -301.68 | -2.91 | 73.85 | -278.53 | 0.05 | 25.0 | 66.67 | -69.36 | 76.25 | -271.09 | 20.57 | -16.89 | 93.33 | 0.74 | -76.01 | 100.79 | 99.26 | 2.42 | -48.06 | 59.80 | -21.77 | -18.29 |
| 22Q3 (12) | -1.97 | -68.38 | -478.85 | 19.35 | -3.2 | 27.55 | -9.29 | 18.15 | 65.57 | -303.47 | -96.59 | -585.79 | -303.41 | -72.26 | -481.55 | -13.67 | -97.26 | -557.19 | -11.13 | -84.27 | -510.7 | 0.04 | 33.33 | 33.33 | -292.09 | -103.32 | -499.85 | 24.75 | 19.28 | 168.15 | 3.09 | -57.73 | 107.15 | 96.91 | 4.55 | -32.32 | 76.44 | 13.11 | -8.53 |
| 22Q2 (11) | -1.17 | -160.0 | -160.0 | 19.99 | -4.54 | 23.17 | -11.35 | -30.01 | -148.36 | -154.37 | -131.27 | -115.69 | -176.13 | -151.72 | -199.08 | -6.93 | -179.44 | -167.57 | -6.04 | -168.44 | -164.91 | 0.03 | 0.0 | -25.0 | -143.66 | -158.99 | -129.56 | 20.75 | 134.99 | 69.39 | 7.31 | -43.99 | 22.11 | 92.69 | 6.6 | -1.41 | 67.58 | -5.81 | 21.11 |
| 22Q1 (10) | -0.45 | -240.62 | -107.18 | 20.94 | 0.72 | 6.29 | -8.73 | 68.89 | 85.58 | -66.75 | -322.5 | -106.08 | -69.97 | -250.44 | -107.23 | -2.48 | -238.55 | -105.65 | -2.25 | -238.04 | -106.03 | 0.03 | 0.0 | -25.0 | -55.47 | -236.83 | -105.02 | 8.83 | -17.01 | -34.69 | 13.04 | 113.98 | 336.34 | 86.96 | -54.5 | -17.59 | 71.75 | -1.97 | -35.38 |
| 21Q4 (9) | 0.32 | -38.46 | 966.67 | 20.79 | 37.05 | 37.77 | -28.06 | -4.0 | -2.11 | 30.00 | -51.98 | 431.91 | 46.51 | -41.51 | 785.9 | 1.79 | -40.13 | 477.42 | 1.63 | -39.85 | 482.14 | 0.03 | 0.0 | -40.0 | 40.54 | -44.5 | 88.73 | 10.64 | 15.28 | -56.66 | -93.33 | -116.14 | 79.82 | 191.11 | 33.47 | -66.02 | 73.19 | -12.42 | 2.11 |
| 21Q3 (8) | 0.52 | 215.56 | 236.84 | 15.17 | -6.53 | -21.72 | -26.98 | -490.37 | -39.0 | 62.47 | 187.29 | 190.93 | 79.52 | 235.03 | 225.84 | 2.99 | 215.44 | 184.94 | 2.71 | 218.86 | 197.13 | 0.03 | -25.0 | -25.0 | 73.05 | 216.73 | 236.57 | 9.23 | -24.65 | -62.65 | -43.18 | -821.75 | -253.73 | 143.18 | 52.29 | 99.11 | 83.57 | 49.77 | 15.59 |
| 21Q2 (7) | -0.45 | -107.18 | -150.56 | 16.23 | -17.61 | -15.34 | -4.57 | 92.45 | 78.27 | -71.57 | -106.52 | -146.93 | -58.89 | -106.09 | -141.12 | -2.59 | -105.9 | -130.58 | -2.28 | -106.11 | -133.28 | 0.04 | 0.0 | -20.0 | -62.58 | -105.66 | -137.32 | 12.25 | -9.39 | -50.02 | 5.98 | 208.4 | 143.38 | 94.02 | -10.9 | -17.38 | 55.80 | -49.75 | 0 |
| 21Q1 (6) | 6.27 | 20800.0 | 1594.59 | 19.70 | 30.55 | 16.64 | -60.52 | -120.23 | -151.54 | 1097.34 | 19356.38 | 1717.39 | 967.59 | 18330.29 | 1526.48 | 43.88 | 14054.84 | 1073.26 | 37.29 | 13217.86 | 1134.77 | 0.04 | -20.0 | -20.0 | 1105.76 | 5047.86 | 1370.62 | 13.52 | -44.93 | -43.81 | -5.52 | 98.81 | 86.2 | 105.52 | -81.24 | -25.3 | 111.04 | 54.91 | 0 |
| 20Q4 (5) | 0.03 | 107.89 | 110.34 | 15.09 | -22.14 | 8.41 | -27.48 | -41.58 | -2.31 | 5.64 | 108.21 | 113.58 | 5.25 | 108.31 | 112.36 | 0.31 | 108.81 | 110.44 | 0.28 | 110.04 | 111.97 | 0.05 | 25.0 | -16.67 | 21.48 | 140.16 | 177.55 | 24.55 | -0.65 | -8.67 | -462.50 | -1746.5 | -816.88 | 562.50 | 682.23 | 1485.23 | 71.68 | -0.86 | 7.21 |
| 20Q3 (4) | -0.38 | -142.7 | 0.0 | 19.38 | 1.1 | 0.0 | -19.41 | 7.7 | 0.0 | -68.70 | -145.05 | 0.0 | -63.19 | -144.12 | 0.0 | -3.52 | -141.56 | 0.0 | -2.79 | -140.73 | 0.0 | 0.04 | -20.0 | 0.0 | -53.49 | -131.9 | 0.0 | 24.71 | 0.82 | 0.0 | 28.09 | 303.65 | 0.0 | 71.91 | -36.81 | 0.0 | 72.30 | 0 | 0.0 |
| 20Q2 (3) | 0.89 | 140.54 | 0.0 | 19.17 | 13.5 | 0.0 | -21.03 | 12.59 | 0.0 | 152.51 | 152.58 | 0.0 | 143.22 | 140.75 | 0.0 | 8.47 | 126.47 | 0.0 | 6.85 | 126.82 | 0.0 | 0.05 | 0.0 | 0.0 | 167.67 | 123.0 | 0.0 | 24.51 | 1.87 | 0.0 | -13.79 | 65.52 | 0.0 | 113.79 | -19.44 | 0.0 | 0.00 | 0 | 0.0 |
| 20Q1 (2) | 0.37 | 227.59 | 0.0 | 16.89 | 21.34 | 0.0 | -24.06 | 10.42 | 0.0 | 60.38 | 245.42 | 0.0 | 59.49 | 240.08 | 0.0 | 3.74 | 225.93 | 0.0 | 3.02 | 229.06 | 0.0 | 0.05 | -16.67 | 0.0 | 75.19 | 371.44 | 0.0 | 24.06 | -10.49 | 0.0 | -40.00 | -162.0 | 0.0 | 141.25 | 298.07 | 0.0 | 0.00 | -100.0 | 0.0 |
| 19Q4 (1) | -0.29 | 0.0 | 0.0 | 13.92 | 0.0 | 0.0 | -26.86 | 0.0 | 0.0 | -41.52 | 0.0 | 0.0 | -42.47 | 0.0 | 0.0 | -2.97 | 0.0 | 0.0 | -2.34 | 0.0 | 0.0 | 0.06 | 0.0 | 0.0 | -27.70 | 0.0 | 0.0 | 26.88 | 0.0 | 0.0 | 64.52 | 0.0 | 0.0 | 35.48 | 0.0 | 0.0 | 66.86 | 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) | -0.42 | 0 | 25.12 | 19.85 | -2.19 | 0 | 5.40 | -8.8 | -9.24 | 0 | -12.41 | 0 | -3.07 | 0 | -2.44 | 0 | 0.21 | 31.25 | -3.09 | 0 | 18.62 | -9.48 | 23.33 | 381.67 | 76.67 | -19.43 | 0.07 | -29.66 | 65.13 | -4.71 |
| 2022 (9) | -4.11 | 0 | 20.96 | 16.83 | -7.05 | 0 | 5.92 | 2.94 | -146.61 | 0 | -146.45 | 0 | -26.31 | 0 | -22.88 | 0 | 0.16 | 0.0 | -136.38 | 0 | 20.57 | 93.33 | 4.84 | 0 | 95.16 | -14.37 | 0.09 | -83.19 | 68.35 | -14.27 |
| 2021 (8) | 6.67 | 632.97 | 17.94 | 1.87 | -28.92 | 0 | 5.75 | -36.36 | 259.90 | 582.33 | 241.19 | 555.76 | 45.56 | 417.14 | 39.37 | 450.63 | 0.16 | -15.79 | 270.39 | 407.3 | 10.64 | -56.66 | -11.13 | 0 | 111.13 | -30.93 | 0.55 | -72.0 | 79.73 | 8.37 |
| 2020 (7) | 0.91 | 0 | 17.61 | -6.48 | -23.04 | 0 | 9.04 | 3.95 | 38.09 | 0 | 36.78 | 0 | 8.81 | 0 | 7.15 | 0 | 0.19 | -17.39 | 53.30 | 0 | 24.55 | -8.67 | -60.40 | 0 | 160.89 | 881.99 | 1.98 | -38.43 | 73.57 | 8.64 |
| 2019 (6) | -0.84 | 0 | 18.83 | 6.08 | -23.81 | 0 | 8.70 | 19.25 | -28.54 | 0 | -29.07 | 0 | -8.29 | 0 | -6.56 | 0 | 0.23 | 0.0 | -14.33 | 0 | 26.88 | 35.01 | 83.62 | 2.13 | 16.38 | -9.64 | 3.22 | -22.36 | 67.72 | 2.11 |
| 2018 (5) | -0.81 | 0 | 17.75 | 37.17 | -22.10 | 0 | 7.29 | 0.94 | -27.04 | 0 | -25.74 | 0 | -7.35 | 0 | -5.83 | 0 | 0.23 | 0.0 | -14.43 | 0 | 19.91 | -18.8 | 81.87 | -45.68 | 18.13 | 0 | 4.14 | -16.33 | 66.32 | 2.39 |
| 2017 (4) | -0.65 | 0 | 12.94 | -6.3 | -29.50 | 0 | 7.22 | 12.66 | -19.54 | 0 | -19.69 | 0 | -5.56 | 0 | -4.30 | 0 | 0.23 | -4.17 | -9.92 | 0 | 24.52 | 6.56 | 150.72 | -74.04 | -50.72 | 0 | 4.95 | 0 | 64.77 | 9.82 |
| 2016 (3) | -0.23 | 0 | 13.81 | -9.92 | -25.78 | 0 | 6.41 | -0.5 | -4.45 | 0 | -6.32 | 0 | -1.96 | 0 | -1.33 | 0 | 0.24 | 0.0 | 4.07 | -86.29 | 23.01 | -26.01 | 580.56 | 0 | -480.56 | 0 | 0.00 | 0 | 58.98 | -0.54 |
| 2015 (2) | 0.81 | 0 | 15.33 | -47.19 | -32.94 | 0 | 6.44 | 35.98 | 21.08 | 0 | 19.70 | 0 | 6.67 | 0 | 5.18 | 0 | 0.24 | -31.43 | 29.69 | 1219.56 | 31.10 | -32.9 | -156.28 | 0 | 256.28 | 540.71 | 0.00 | 0 | 59.30 | 74.05 |
| 2014 (1) | -0.35 | 0 | 29.03 | 0 | -2.39 | 0 | 4.74 | -30.65 | -4.01 | 0 | -6.10 | 0 | -2.99 | 0 | -1.76 | 0 | 0.35 | 40.0 | 2.25 | -87.8 | 46.35 | 43.94 | 60.00 | 0 | 40.00 | -82.6 | 0.00 | 0 | 34.07 | -18.45 |
