- 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) | 0.15 | 157.69 | 266.67 | 36.31 | 28.03 | -0.06 | 12.02 | 1641.03 | 175.69 | 4.50 | 145.69 | 257.89 | 4.50 | 145.69 | 257.89 | 0.59 | 157.84 | 259.46 | 0.44 | 833.33 | 193.33 | 0.04 | 33.33 | 0.0 | 34.34 | 22.77 | 14.05 | 224.81 | -0.42 | -1.4 | 271.43 | 3225.0 | 270.9 | -167.86 | -282.78 | -164.85 | 29.39 | -9.23 | -2.88 |
| 24Q2 (19) | -0.26 | 0 | 46.94 | 28.36 | -0.53 | 9.67 | -0.78 | 75.7 | 90.71 | -9.85 | -49350.0 | 51.17 | -9.85 | -49350.0 | 51.17 | -1.02 | 0 | 47.15 | -0.06 | -124.0 | 82.35 | 0.03 | 0.0 | 0.0 | 27.97 | -24.32 | 37.18 | 225.75 | 0.71 | -0.56 | 8.16 | 0 | -80.53 | 91.84 | 0 | 58.16 | 32.38 | -4.74 | -7.33 |
| 24Q1 (18) | 0.00 | -100.0 | 100.0 | 28.51 | -25.62 | -13.92 | -3.21 | -123.04 | -301.25 | 0.02 | -99.79 | 100.19 | 0.02 | -99.79 | 100.19 | 0.00 | -100.0 | 100.0 | 0.25 | -62.12 | 457.14 | 0.03 | -25.0 | 0.0 | 36.96 | -1.39 | 35.43 | 224.15 | 0.03 | 0.54 | 0.00 | -100.0 | -100.0 | 0.00 | 100.0 | -100.0 | 33.99 | 16.17 | 3.66 |
| 23Q4 (17) | 0.33 | 466.67 | 73.68 | 38.33 | 5.51 | -2.27 | 13.93 | 219.5 | 34.85 | 9.47 | 432.28 | 51.04 | 9.47 | 432.28 | 51.04 | 1.30 | 451.35 | 80.56 | 0.66 | 340.0 | 53.49 | 0.04 | 0.0 | 0.0 | 37.48 | 24.48 | 3.31 | 224.08 | -1.72 | 1.42 | 148.39 | 193.43 | -10.46 | -46.77 | -118.07 | 28.82 | 29.26 | -3.3 | 2.31 |
| 23Q3 (16) | -0.09 | 81.63 | -142.86 | 36.33 | 40.49 | -1.73 | 4.36 | 151.9 | -48.28 | -2.85 | 85.87 | -142.35 | -2.85 | 85.87 | -142.35 | -0.37 | 80.83 | -145.12 | 0.15 | 144.12 | -70.0 | 0.04 | 33.33 | 0.0 | 30.11 | 47.67 | -23.56 | 228.01 | 0.44 | 3.83 | -158.82 | -478.73 | -227.06 | 258.82 | 345.75 | 1135.29 | 30.26 | -13.39 | 11.5 |
| 23Q2 (15) | -0.49 | -88.46 | 62.6 | 25.86 | -21.92 | 174.5 | -8.40 | -950.0 | 91.9 | -20.17 | -94.69 | 84.15 | -20.17 | -94.69 | 84.15 | -1.93 | -89.22 | 61.78 | -0.34 | -385.71 | 75.18 | 0.03 | 0.0 | 200.0 | 20.39 | -25.28 | 159.07 | 227.01 | 1.83 | 1.94 | 41.94 | 424.19 | -48.61 | 58.06 | -36.89 | 215.57 | 34.94 | 6.56 | -47.25 |
| 23Q1 (14) | -0.26 | -236.84 | 64.86 | 33.12 | -15.55 | 228.25 | -0.80 | -107.74 | 97.49 | -10.36 | -265.23 | 76.73 | -10.36 | -265.23 | 76.73 | -1.02 | -241.67 | 62.91 | -0.07 | -116.28 | 89.71 | 0.03 | -25.0 | 50.0 | 27.29 | -24.78 | 163.93 | 222.94 | 0.91 | 6.12 | 8.00 | -95.17 | -88.86 | 92.00 | 240.0 | 226.6 | 32.79 | 14.65 | -21.78 |
| 22Q4 (13) | 0.19 | -9.52 | -86.81 | 39.22 | 6.09 | 10.45 | 10.33 | 22.54 | 12.77 | 6.27 | -6.84 | -88.32 | 6.27 | -6.84 | -88.32 | 0.72 | -12.2 | -86.59 | 0.43 | -14.0 | -77.72 | 0.04 | 0.0 | 33.33 | 36.28 | -7.9 | -59.04 | 220.94 | 0.61 | 6.66 | 165.71 | 32.57 | 859.03 | -65.71 | -162.86 | -179.09 | 28.60 | 5.38 | 6.16 |
| 22Q3 (12) | 0.21 | 116.03 | 121.21 | 36.97 | 206.51 | 240.52 | 8.43 | 108.13 | 110.33 | 6.73 | 105.29 | 108.12 | 6.73 | 105.29 | 108.12 | 0.82 | 116.24 | 121.81 | 0.50 | 136.5 | 151.02 | 0.04 | 300.0 | 300.0 | 39.39 | 214.11 | 428.02 | 219.60 | -1.39 | 0.16 | 125.00 | 53.19 | 27.02 | -25.00 | -235.87 | -1675.0 | 27.14 | -59.03 | -51.48 |
| 22Q2 (11) | -1.31 | -77.03 | -24.76 | -34.71 | -444.0 | 17.16 | -103.73 | -224.97 | 3.18 | -127.22 | -185.76 | -22.05 | -127.22 | -185.76 | -22.05 | -5.05 | -83.64 | 12.63 | -1.37 | -101.47 | -17.09 | 0.01 | -50.0 | 0.0 | -34.52 | -433.85 | -339.75 | 222.70 | 6.0 | 6.11 | 81.60 | 13.6 | -20.4 | 18.40 | -34.68 | 710.27 | 66.24 | 58.02 | -9.56 |
| 22Q1 (10) | -0.74 | -151.39 | 14.94 | 10.09 | -71.59 | 18.57 | -31.92 | -448.47 | 24.82 | -44.52 | -182.95 | 9.05 | -44.52 | -182.95 | 9.05 | -2.75 | -151.21 | 68.64 | -0.68 | -135.23 | 35.24 | 0.02 | -33.33 | -33.33 | 10.34 | -88.33 | 128.26 | 210.09 | 1.42 | -64.22 | 71.83 | 315.7 | -17.47 | 28.17 | -66.1 | 117.3 | 41.92 | 55.61 | -11.73 |
| 21Q4 (9) | 1.44 | 245.45 | 3500.0 | 35.51 | 234.97 | 44.88 | 9.16 | 111.23 | 154.59 | 53.67 | 164.72 | 2898.32 | 53.67 | 164.72 | 2898.32 | 5.37 | 242.82 | 1242.5 | 1.93 | 296.94 | 467.65 | 0.03 | 200.0 | 0.0 | 88.58 | 1087.4 | 96.89 | 207.14 | -5.53 | -61.4 | 17.28 | -82.44 | 101.92 | 83.09 | 5134.56 | -91.69 | 26.94 | -51.83 | -28.14 |
| 21Q3 (8) | -0.99 | 5.71 | -1337.5 | -26.31 | 37.21 | -175.6 | -81.59 | 23.85 | -1117.33 | -82.93 | 20.44 | -2524.85 | -82.93 | 20.44 | -3512.76 | -3.76 | 34.95 | -594.74 | -0.98 | 16.24 | -345.0 | 0.01 | 0.0 | -80.0 | 7.46 | 195.03 | -79.68 | 219.26 | 4.47 | -59.92 | 98.41 | -4.0 | -56.94 | 1.59 | 152.65 | 101.19 | 55.93 | -23.63 | 97.7 |
| 21Q2 (7) | -1.05 | -20.69 | -31.25 | -41.90 | -592.36 | -11.82 | -107.14 | -152.33 | 7.12 | -104.24 | -112.95 | -24.51 | -104.24 | -112.95 | -15.86 | -5.78 | 34.09 | 43.33 | -1.17 | -11.43 | -32.95 | 0.01 | -66.67 | 0.0 | -7.85 | -273.29 | -124.59 | 209.87 | -64.26 | -74.18 | 102.51 | 17.78 | -25.4 | -3.02 | -123.26 | 91.94 | 73.24 | 54.22 | 0 |
| 21Q1 (6) | -0.87 | -2275.0 | 11.22 | 8.51 | -65.28 | 44.24 | -42.46 | -153.04 | 4.5 | -48.95 | -2834.64 | 12.79 | -48.95 | -2834.64 | 12.79 | -8.77 | -2292.5 | 26.67 | -1.05 | -408.82 | 17.97 | 0.03 | 0.0 | 0.0 | 4.53 | -89.93 | 592.39 | 587.20 | 9.42 | -18.92 | 87.04 | 109.67 | 9.85 | 12.96 | -98.7 | -37.57 | 47.49 | 26.67 | -8.29 |
| 20Q4 (5) | 0.04 | -50.0 | 114.29 | 24.51 | -29.57 | -42.1 | -16.78 | -309.23 | -356.57 | 1.79 | -47.66 | 123.4 | 1.79 | -26.34 | 120.98 | 0.40 | -47.37 | 113.84 | 0.34 | -15.0 | 409.09 | 0.03 | -40.0 | -40.0 | 44.99 | 22.56 | 101.3 | 536.63 | -1.9 | -16.38 | -900.00 | -493.75 | -953.66 | 1000.00 | 850.0 | 445.45 | 37.49 | 32.52 | 0 |
| 20Q3 (4) | 0.08 | 110.0 | 0.0 | 34.80 | 192.87 | 0.0 | 8.02 | 106.95 | 0.0 | 3.42 | 104.09 | 0.0 | 2.43 | 102.7 | 0.0 | 0.76 | 107.45 | 0.0 | 0.40 | 145.45 | 0.0 | 0.05 | 400.0 | 0.0 | 36.71 | 14.97 | 0.0 | 547.03 | -32.69 | 0.0 | 228.57 | 66.34 | 0.0 | -133.33 | -256.41 | 0.0 | 28.29 | 0 | 0.0 |
| 20Q2 (3) | -0.80 | 18.37 | 0.0 | -37.47 | -735.08 | 0.0 | -115.35 | -159.45 | 0.0 | -83.72 | -49.15 | 0.0 | -89.97 | -60.29 | 0.0 | -10.20 | 14.72 | 0.0 | -0.88 | 31.25 | 0.0 | 0.01 | -66.67 | 0.0 | 31.93 | 3570.65 | 0.0 | 812.70 | 12.22 | 0.0 | 137.41 | 73.42 | 0.0 | -37.41 | -280.16 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | -0.98 | -250.0 | 0.0 | 5.90 | -86.06 | 0.0 | -44.46 | -779.82 | 0.0 | -56.13 | -633.73 | 0.0 | -56.13 | -558.03 | 0.0 | -11.96 | -313.84 | 0.0 | -1.28 | -1063.64 | 0.0 | 0.03 | -40.0 | 0.0 | -0.92 | -104.12 | 0.0 | 724.23 | 12.85 | 0.0 | 79.23 | 192.76 | 0.0 | 20.77 | -88.67 | 0.0 | 51.78 | 0 | 0.0 |
| 19Q4 (1) | -0.28 | 0.0 | 0.0 | 42.33 | 0.0 | 0.0 | 6.54 | 0.0 | 0.0 | -7.65 | 0.0 | 0.0 | -8.53 | 0.0 | 0.0 | -2.89 | 0.0 | 0.0 | -0.11 | 0.0 | 0.0 | 0.05 | 0.0 | 0.0 | 22.35 | 0.0 | 0.0 | 641.74 | 0.0 | 0.0 | -85.42 | 0.0 | 0.0 | 183.33 | 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) | -0.51 | 0 | 34.05 | 40.76 | 3.43 | 0 | 24.92 | -22.84 | -4.42 | 0 | -4.42 | 0 | -2.01 | 0 | 0.40 | 0 | 0.14 | 27.27 | 29.72 | 23.22 | 224.08 | 1.42 | -77.55 | 0 | 177.55 | 372.97 | 0.01 | -59.66 | 31.49 | -10.13 |
| 2022 (9) | -1.66 | 0 | 24.19 | 343.04 | -11.79 | 0 | 32.30 | -27.63 | -18.92 | 0 | -18.92 | 0 | -6.25 | 0 | -1.11 | 0 | 0.11 | 22.22 | 24.12 | -35.07 | 220.94 | 6.66 | 62.46 | -64.25 | 37.54 | 0 | 0.03 | -43.45 | 35.04 | -21.47 |
| 2021 (8) | -1.46 | 0 | 5.46 | -70.68 | -38.50 | 0 | 44.63 | 22.52 | -22.04 | 0 | -22.04 | 0 | -7.74 | 0 | -0.99 | 0 | 0.09 | -30.77 | 37.15 | 28.41 | 207.14 | -61.4 | 174.73 | 43.48 | -74.73 | 0 | 0.06 | -61.77 | 44.62 | 8.14 |
| 2020 (7) | -1.66 | 0 | 18.62 | 10.7 | -23.45 | 0 | 36.43 | 20.57 | -19.27 | 0 | -19.66 | 0 | -17.43 | 0 | -1.43 | 0 | 0.13 | -35.0 | 28.93 | 124.09 | 536.63 | -16.38 | 121.78 | 74.21 | -21.78 | 0 | 0.15 | -29.58 | 41.26 | 5.99 |
| 2019 (6) | -2.93 | 0 | 16.82 | -42.98 | -18.09 | 0 | 30.21 | 109.52 | -25.88 | 0 | -26.94 | 0 | -27.75 | 0 | -3.91 | 0 | 0.20 | -13.04 | 12.91 | 92.11 | 641.74 | 122.12 | 69.90 | 15.17 | 30.10 | -23.42 | 0.21 | -12.36 | 38.93 | -27.12 |
| 2018 (5) | -3.87 | 0 | 29.50 | 69.15 | -6.86 | 0 | 14.42 | 35.26 | -11.32 | 0 | -64.91 | 0 | -8.06 | 0 | -2.06 | 0 | 0.23 | -30.3 | 6.72 | 0 | 288.91 | 74.07 | 60.70 | 2.9 | 39.30 | -4.17 | 0.24 | 0 | 53.42 | 63.46 |
| 2017 (4) | -3.03 | 0 | 17.44 | -31.31 | -18.64 | 0 | 10.66 | -1.53 | -31.62 | 0 | -31.62 | 0 | -25.49 | 0 | -9.81 | 0 | 0.33 | 6.45 | -17.73 | 0 | 165.97 | 32.07 | 58.99 | -31.43 | 41.01 | 199.63 | 0.00 | 0 | 32.68 | -1.39 |
| 2016 (3) | -1.05 | 0 | 25.39 | -32.65 | -9.54 | 0 | 10.83 | 19.78 | -11.06 | 0 | -11.07 | 0 | -7.54 | 0 | -2.72 | 0 | 0.31 | 10.71 | 2.81 | -63.55 | 125.67 | 3.47 | 86.03 | 170.05 | 13.69 | -79.91 | 0.00 | 0 | 33.14 | 10.1 |
| 2015 (2) | 0.35 | 75.0 | 37.70 | 13.08 | -1.22 | 0 | 9.04 | -21.44 | -3.85 | 0 | 3.95 | 63.9 | -2.39 | 0 | -0.55 | 0 | 0.28 | 0.0 | 7.71 | -42.72 | 121.45 | 13.58 | 31.86 | 0 | 68.14 | -72.19 | 0.00 | 0 | 30.10 | -4.75 |
| 2014 (1) | 0.20 | 0 | 33.34 | 0 | 1.07 | 0 | 11.51 | -5.17 | -0.71 | 0 | 2.41 | 0 | -0.40 | 0 | 0.40 | 0 | 0.28 | 12.0 | 13.46 | 36.23 | 106.93 | 7.02 | -150.00 | 0 | 245.00 | 0 | 0.00 | 0 | 31.60 | -4.88 |
