- 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) | -0.38 | 41.54 | 25.49 | 31.67 | -22.77 | -23.69 | -8.22 | 73.96 | 72.92 | -10.25 | 67.72 | 64.16 | -10.25 | 67.72 | 64.16 | -8.47 | 35.74 | -23.65 | -4.10 | 38.81 | 20.54 | 0.42 | 90.91 | 133.33 | 0.00 | 100.0 | 100.0 | 105.35 | 14.23 | 172.79 | 77.78 | -22.22 | -28.21 | 22.22 | 0 | 366.67 | 28.31 | -45.92 | -49.41 |
| 24Q2 (19) | -0.65 | 35.0 | -80.56 | 41.01 | 10.93 | -8.72 | -31.57 | 30.37 | -39.94 | -31.75 | 33.77 | -48.78 | -31.75 | 33.77 | -48.78 | -13.18 | 23.82 | -186.52 | -6.70 | 27.25 | -84.57 | 0.22 | 10.0 | 29.41 | -12.50 | 57.15 | -143.66 | 92.23 | -0.4 | 248.96 | 100.00 | 4.55 | -11.11 | -0.00 | -100.0 | 0 | 52.35 | -15.97 | 0.06 |
| 24Q1 (18) | -1.00 | -13.64 | -156.41 | 36.97 | 3.44 | -15.09 | -45.34 | -14.03 | -88.05 | -47.94 | -12.59 | -104.96 | -47.94 | -2.83 | -104.96 | -17.30 | -32.87 | -261.92 | -9.21 | -13.14 | -144.95 | 0.20 | 11.11 | 25.0 | -29.17 | -28.33 | -279.32 | 92.60 | 17.99 | 267.31 | 95.65 | 6.91 | -4.35 | 4.35 | -17.39 | 0 | 62.30 | 9.63 | 16.32 |
| 23Q4 (17) | -0.88 | -72.55 | 32.82 | 35.74 | -13.88 | -1.27 | -39.76 | -31.0 | 47.39 | -42.58 | -48.88 | 56.42 | -46.62 | -63.01 | 52.29 | -13.02 | -90.07 | -12.92 | -8.14 | -57.75 | 14.59 | 0.18 | 0.0 | 80.0 | -22.73 | -86.31 | 68.43 | 78.48 | 103.21 | 199.77 | 89.47 | -17.41 | 13.02 | 5.26 | 163.16 | -74.74 | 56.83 | 1.55 | -26.37 |
| 23Q3 (16) | -0.51 | -41.67 | 23.88 | 41.50 | -7.63 | 1.44 | -30.35 | -34.53 | 38.82 | -28.60 | -34.02 | 50.59 | -28.60 | -34.02 | 50.59 | -6.85 | -48.91 | 9.63 | -5.16 | -42.15 | 13.86 | 0.18 | 5.88 | 80.0 | -12.20 | -137.82 | 63.4 | 38.62 | 46.12 | 148.52 | 108.33 | -3.7 | 26.39 | -8.33 | 0 | -158.33 | 55.96 | 6.96 | 13.0 |
| 23Q2 (15) | -0.36 | 7.69 | 60.87 | 44.93 | 3.19 | 62.38 | -22.56 | 6.43 | 79.21 | -21.34 | 8.76 | 79.52 | -21.34 | 8.76 | 79.52 | -4.60 | 3.77 | 75.43 | -3.63 | 3.46 | 64.27 | 0.17 | 6.25 | 70.0 | -5.13 | 33.29 | 91.02 | 26.43 | 4.84 | -34.74 | 112.50 | 12.5 | 12.5 | -0.00 | 0 | 100.0 | 52.32 | -2.32 | -26.93 |
| 23Q1 (14) | -0.39 | 70.23 | 40.0 | 43.54 | 20.28 | 0.53 | -24.11 | 68.1 | 26.72 | -23.39 | 76.06 | 29.78 | -23.39 | 76.06 | 29.78 | -4.78 | 58.54 | 89.68 | -3.76 | 60.55 | 59.0 | 0.16 | 60.0 | -42.86 | -7.69 | 89.32 | 0.0 | 25.21 | -3.71 | -94.85 | 100.00 | 26.32 | 12.5 | -0.00 | -100.0 | 0 | 53.56 | -30.6 | 29.78 |
| 22Q4 (13) | -1.31 | -95.52 | -184.78 | 36.20 | -11.51 | -22.86 | -75.58 | -52.35 | -205.13 | -97.71 | -68.81 | -349.24 | -97.71 | -68.81 | -349.24 | -11.53 | -52.11 | 51.31 | -9.53 | -59.1 | -69.57 | 0.10 | 0.0 | -62.96 | -72.00 | -116.02 | -2116.81 | 26.18 | 68.47 | -92.2 | 79.17 | -7.64 | -32.14 | 20.83 | 45.83 | 225.0 | 77.18 | 55.86 | 111.22 |
| 22Q3 (12) | -0.67 | 27.17 | 26.37 | 40.91 | 47.85 | 23.63 | -49.61 | 54.27 | 32.53 | -57.88 | 44.46 | 13.56 | -57.88 | 44.46 | 13.56 | -7.58 | 59.51 | 78.18 | -5.99 | 41.04 | 40.75 | 0.10 | 0.0 | -33.33 | -33.33 | 41.67 | 0.0 | 15.54 | -61.63 | -94.47 | 85.71 | -14.29 | -20.88 | 14.29 | 314.29 | 271.43 | 49.52 | -30.84 | -12.59 |
| 22Q2 (11) | -0.92 | -41.54 | -43.75 | 27.67 | -36.11 | -22.3 | -108.49 | -229.76 | -75.75 | -104.22 | -212.88 | -199.65 | -104.22 | -212.88 | -199.65 | -18.72 | 59.59 | 2.4 | -10.16 | -10.8 | -67.93 | 0.10 | -64.29 | -44.44 | -57.14 | -643.04 | 0 | 40.50 | -91.73 | -80.29 | 100.00 | 12.5 | -46.67 | -6.67 | 0 | 91.11 | 71.60 | 73.49 | 22.96 |
| 22Q1 (10) | -0.65 | -41.3 | 0.0 | 43.31 | -7.71 | -9.39 | -32.90 | -32.82 | -58.86 | -33.31 | -53.15 | -55.95 | -33.31 | -53.15 | -55.95 | -46.32 | -95.61 | -179.37 | -9.17 | -63.17 | -57.83 | 0.28 | 3.7 | 0.0 | -7.69 | -315.41 | 0 | 489.54 | 45.94 | 136.78 | 88.89 | -23.81 | 0.0 | -0.00 | 100.0 | 0 | 41.27 | 12.94 | -11.23 |
| 21Q4 (9) | -0.46 | 49.45 | 51.58 | 46.93 | 41.83 | 12.7 | -24.77 | 66.31 | 23.24 | -21.75 | 67.52 | 29.57 | -21.75 | 67.52 | 29.57 | -23.68 | 31.84 | -25.16 | -5.62 | 44.41 | 26.05 | 0.27 | 80.0 | 8.0 | 3.57 | 110.71 | 144.02 | 335.43 | 19.3 | 122.2 | 116.67 | 7.69 | 6.94 | -16.67 | -100.0 | -83.33 | 36.54 | -35.5 | -23.06 |
| 21Q3 (8) | -0.91 | -42.19 | -68.52 | 33.09 | -7.08 | -25.92 | -73.53 | -19.12 | -174.98 | -66.96 | -92.52 | -287.72 | -66.96 | -92.52 | -287.72 | -34.74 | -81.13 | -227.43 | -10.11 | -67.11 | -115.57 | 0.15 | -16.67 | -46.43 | -33.33 | 0 | -1465.98 | 281.16 | 36.84 | 104.6 | 108.33 | -42.22 | -31.06 | -8.33 | 88.89 | 85.42 | 56.65 | -2.71 | 38.78 |
| 21Q2 (7) | -0.64 | 1.54 | -18.52 | 35.61 | -25.5 | -16.53 | -61.73 | -198.07 | -195.36 | -34.78 | -62.83 | -111.56 | -34.78 | -62.83 | -111.56 | -19.18 | -15.68 | -88.41 | -6.05 | -4.13 | -26.3 | 0.18 | -35.71 | -40.0 | 0.00 | 0 | -100.0 | 205.46 | -0.62 | 97.52 | 187.50 | 110.94 | 64.06 | -75.00 | 0 | -162.5 | 58.23 | 25.25 | 0 |
| 21Q1 (6) | -0.65 | 31.58 | 58.86 | 47.80 | 14.79 | 20.49 | -20.71 | 35.82 | 51.59 | -21.36 | 30.83 | 44.85 | -21.36 | 30.83 | 44.85 | -16.58 | 12.37 | 39.6 | -5.81 | 23.55 | 37.12 | 0.28 | 12.0 | 16.67 | 0.00 | 100.0 | 100.0 | 206.75 | 36.96 | 86.5 | 88.89 | -18.52 | -21.57 | -0.00 | 100.0 | 100.0 | 46.49 | -2.11 | -10.27 |
| 20Q4 (5) | -0.95 | -75.93 | 37.09 | 41.64 | -6.78 | 10.95 | -32.27 | -20.68 | 6.36 | -30.88 | -78.81 | 1.25 | -30.88 | -78.81 | 7.9 | -18.92 | -78.32 | 27.09 | -7.60 | -62.05 | -13.1 | 0.25 | -10.71 | 19.05 | -8.11 | -432.38 | -10.79 | 150.96 | 9.85 | -49.53 | 109.09 | -30.58 | 1.3 | -9.09 | 84.09 | -18.18 | 47.49 | 16.34 | 9.07 |
| 20Q3 (4) | -0.54 | 0.0 | 0.0 | 44.67 | 4.71 | 0.0 | -26.74 | -27.94 | 0.0 | -17.27 | -5.05 | 0.0 | -17.27 | -5.05 | 0.0 | -10.61 | -4.22 | 0.0 | -4.69 | 2.09 | 0.0 | 0.28 | -6.67 | 0.0 | 2.44 | 0.0 | 0.0 | 137.42 | 32.11 | 0.0 | 157.14 | 37.5 | 0.0 | -57.14 | -100.0 | 0.0 | 40.82 | 0 | 0.0 |
| 20Q2 (3) | -0.54 | 65.82 | 0.0 | 42.66 | 7.54 | 0.0 | -20.90 | 51.15 | 0.0 | -16.44 | 57.55 | 0.0 | -16.44 | 57.55 | 0.0 | -10.18 | 62.91 | 0.0 | -4.79 | 48.16 | 0.0 | 0.30 | 25.0 | 0.0 | 2.44 | 113.59 | 0.0 | 104.02 | -6.17 | 0.0 | 114.29 | 0.84 | 0.0 | -28.57 | -114.29 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | -1.58 | -4.64 | 0.0 | 39.67 | 5.7 | 0.0 | -42.78 | -24.14 | 0.0 | -38.73 | -23.86 | 0.0 | -38.73 | -15.51 | 0.0 | -27.45 | -5.78 | 0.0 | -9.24 | -37.5 | 0.0 | 0.24 | 14.29 | 0.0 | -17.95 | -145.22 | 0.0 | 110.86 | -62.93 | 0.0 | 113.33 | 5.24 | 0.0 | -13.33 | -73.33 | 0.0 | 51.81 | 18.99 | 0.0 |
| 19Q4 (1) | -1.51 | 0.0 | 0.0 | 37.53 | 0.0 | 0.0 | -34.46 | 0.0 | 0.0 | -31.27 | 0.0 | 0.0 | -33.53 | 0.0 | 0.0 | -25.95 | 0.0 | 0.0 | -6.72 | 0.0 | 0.0 | 0.21 | 0.0 | 0.0 | -7.32 | 0.0 | 0.0 | 299.08 | 0.0 | 0.0 | 107.69 | 0.0 | 0.0 | -7.69 | 0.0 | 0.0 | 43.54 | 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) | -2.15 | 0 | 41.28 | 8.15 | -29.49 | 0 | 14.63 | -41.46 | -29.34 | 0 | -30.42 | 0 | -29.10 | 0 | -19.38 | 0 | 0.64 | 25.49 | -12.80 | 0 | 78.48 | 199.77 | 100.00 | 12.96 | -0.00 | 0 | 1.15 | 186.15 | 54.74 | -6.22 |
| 2022 (9) | -3.34 | 0 | 38.17 | -10.19 | -61.45 | 0 | 25.00 | 1.85 | -69.26 | 0 | -69.26 | 0 | -55.75 | 0 | -34.84 | 0 | 0.51 | -44.57 | -42.05 | 0 | 26.18 | -92.2 | 88.52 | -27.95 | 11.48 | 0 | 0.40 | -60.08 | 58.37 | 21.12 |
| 2021 (8) | -2.65 | 0 | 42.50 | 0.71 | -39.36 | 0 | 24.55 | 25.1 | -31.84 | 0 | -31.84 | 0 | -89.44 | 0 | -28.52 | 0 | 0.92 | -5.15 | -4.55 | 0 | 335.43 | 122.2 | 122.86 | 2.38 | -22.86 | 0 | 1.01 | 40.4 | 48.19 | 6.36 |
| 2020 (7) | -3.36 | 0 | 42.20 | 23.79 | -30.52 | 0 | 19.62 | -20.12 | -25.58 | 0 | -25.58 | 0 | -78.36 | 0 | -24.25 | 0 | 0.97 | 16.87 | -5.06 | 0 | 150.96 | -48.35 | 120.00 | 21.56 | -20.00 | 0 | 0.72 | 0 | 45.31 | -17.56 |
| 2019 (6) | -8.62 | 0 | 34.09 | -24.86 | -44.83 | 0 | 24.56 | 117.73 | -45.50 | 0 | -46.04 | 0 | -93.85 | 0 | -37.56 | 0 | 0.83 | -30.83 | -19.88 | 0 | 292.28 | 239.86 | 98.72 | 10.51 | 1.28 | -87.98 | 0.00 | 0 | 54.96 | 26.9 |
| 2018 (5) | -4.34 | 0 | 45.37 | -0.33 | -20.38 | 0 | 11.28 | 20.8 | -22.79 | 0 | -22.47 | 0 | -52.24 | 0 | -26.55 | 0 | 1.20 | -26.38 | -10.67 | 0 | 86.00 | -12.77 | 89.33 | 23.04 | 10.67 | -61.07 | 0.00 | 0 | 43.31 | 12.41 |
| 2017 (4) | -4.07 | 0 | 45.52 | -1.83 | -9.00 | 0 | 9.34 | 10.85 | -12.39 | 0 | -12.46 | 0 | -37.29 | 0 | -19.64 | 0 | 1.63 | -8.94 | -2.04 | 0 | 98.59 | 34.03 | 72.60 | -17.84 | 27.40 | 135.62 | 0.00 | 0 | 38.53 | 5.01 |
| 2016 (3) | -2.63 | 0 | 46.37 | -8.59 | -5.19 | 0 | 8.42 | 34.48 | -5.81 | 0 | -5.88 | 0 | -16.64 | 0 | -10.28 | 0 | 1.79 | -24.47 | 3.67 | -66.08 | 73.56 | 60.65 | 88.37 | -29.3 | 11.63 | 0 | 0.00 | 0 | 36.69 | 10.25 |
| 2015 (2) | 1.80 | -69.23 | 50.73 | -0.9 | 4.60 | -53.77 | 6.26 | 103.24 | 3.59 | -63.07 | 2.98 | -63.07 | 10.47 | -72.31 | 7.41 | -68.13 | 2.37 | -17.42 | 10.82 | -19.67 | 45.79 | -11.48 | 125.00 | 22.13 | -28.12 | 0 | 0.00 | 0 | 33.28 | 6.84 |
| 2014 (1) | 5.85 | -41.03 | 51.19 | 0 | 9.95 | 0 | 3.08 | 91.71 | 9.72 | 0 | 8.07 | 0 | 37.81 | 0 | 23.25 | 0 | 2.87 | -5.9 | 13.47 | -0.22 | 51.73 | -33.86 | 102.35 | 2.35 | -2.35 | 0 | 0.00 | 0 | 31.15 | -5.06 |
