- 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) | -0.28 | -3.7 | 78.79 | 23.45 | -37.25 | 97.89 | -16.78 | -302.4 | 72.51 | -6.15 | 22.93 | 90.97 | -7.68 | 39.05 | 91.49 | -2.32 | 34.46 | 75.13 | -0.86 | 48.19 | 88.7 | 0.15 | 0.0 | 87.5 | 0.93 | 194.9 | 101.56 | 113.74 | 36.84 | 376.9 | 276.92 | 437.56 | 208.94 | -176.92 | -464.9 | -1807.31 | 24.48 | -4.45 | -50.29 |
| 24Q2 (19) | -0.27 | 61.43 | 81.38 | 37.37 | 51.23 | 69.25 | -4.17 | 83.65 | 94.75 | -7.98 | 75.13 | 90.23 | -12.60 | 63.24 | 85.25 | -3.54 | 59.59 | 62.06 | -1.66 | 66.46 | 78.5 | 0.15 | 0.0 | 66.67 | -0.98 | 96.1 | 98.68 | 83.12 | 2.86 | 300.77 | 51.52 | -35.22 | -47.1 | 48.48 | 136.83 | 1756.28 | 25.62 | -20.71 | -51.38 |
| 24Q1 (18) | -0.70 | 86.89 | -9.37 | 24.71 | 14.13 | -6.33 | -25.51 | 4.35 | 1.7 | -32.09 | 77.67 | -6.05 | -34.28 | 85.3 | -8.21 | -8.76 | 82.05 | -126.36 | -4.95 | 86.1 | -50.91 | 0.15 | 0.0 | 50.0 | -25.13 | 81.97 | -3.71 | 80.81 | 38.0 | 288.7 | 79.53 | 328.64 | -7.22 | 20.47 | -74.86 | 43.31 | 32.31 | 23.18 | -27.33 |
| 23Q4 (17) | -5.34 | -304.55 | -3237.5 | 21.65 | 82.7 | -29.41 | -26.67 | 56.31 | -530.5 | -143.73 | -111.15 | -2323.78 | -233.16 | -158.46 | -4737.34 | -48.80 | -423.04 | -5036.84 | -35.60 | -367.81 | -4295.06 | 0.15 | 87.5 | -11.76 | -139.37 | -133.37 | -6322.58 | 58.56 | 145.53 | 285.77 | 18.55 | -79.3 | -73.89 | 81.45 | 685.96 | 181.36 | 26.23 | -46.74 | 1.98 |
| 23Q3 (16) | -1.32 | 8.97 | 0 | 11.85 | -46.33 | -75.1 | -61.04 | 23.19 | -1059.75 | -68.07 | 16.68 | -2346.53 | -90.21 | -5.6 | -28290.62 | -9.33 | 0.0 | -18760.0 | -7.61 | 1.42 | -15320.0 | 0.08 | -11.11 | -42.86 | -59.72 | 19.72 | -880.65 | 23.85 | 15.0 | 27.81 | 89.64 | -7.96 | -56.46 | 10.36 | 296.74 | 109.79 | 49.25 | -6.53 | 64.11 |
| 23Q2 (15) | -1.45 | -126.56 | -952.94 | 22.08 | -16.3 | -45.56 | -79.47 | -206.24 | -1026.22 | -81.70 | -169.99 | -1740.56 | -85.43 | -169.67 | -1998.44 | -9.33 | -141.09 | -997.12 | -7.72 | -135.37 | -997.67 | 0.09 | -10.0 | -52.63 | -74.39 | -207.02 | -988.77 | 20.74 | -0.24 | -12.49 | 97.39 | 13.62 | -43.7 | 2.61 | -81.72 | 103.58 | 52.69 | 18.51 | 111.44 |
| 23Q1 (14) | -0.64 | -300.0 | -1166.67 | 26.38 | -13.99 | -31.76 | -25.95 | -513.48 | -837.22 | -30.26 | -410.29 | -1254.96 | -31.68 | -557.26 | -1879.78 | -3.87 | -307.37 | -1043.9 | -3.28 | -304.94 | -1064.71 | 0.10 | -41.18 | -47.37 | -24.23 | -1016.59 | -468.8 | 20.79 | 36.96 | 6.83 | 85.71 | 20.63 | -34.86 | 14.29 | -50.65 | 145.24 | 44.46 | 72.86 | 69.69 |
| 22Q4 (13) | -0.16 | 0 | -500.0 | 30.67 | -35.55 | -11.51 | -4.23 | -166.51 | -361.11 | -5.93 | -295.71 | -407.25 | -4.82 | -1606.25 | -591.84 | -0.95 | -2000.0 | -451.85 | -0.81 | -1720.0 | -468.18 | 0.17 | 21.43 | -22.73 | -2.17 | -128.37 | -134.5 | 15.18 | -18.65 | -34.23 | 71.05 | -65.49 | -18.8 | 28.95 | 127.34 | 54.39 | 25.72 | -14.3 | 12.71 |
| 22Q3 (12) | 0.00 | -100.0 | 0 | 47.59 | 17.33 | 14.26 | 6.36 | -25.87 | 2027.27 | 3.03 | -39.16 | 621.43 | 0.32 | -92.89 | 100.0 | 0.05 | -95.19 | 25.0 | 0.05 | -94.19 | 66.67 | 0.14 | -26.32 | -26.32 | 7.65 | -8.6 | 43.26 | 18.66 | -21.27 | -12.52 | 205.88 | 19.03 | 408.82 | -105.88 | -45.1 | -163.53 | 30.01 | 20.43 | 1.28 |
| 22Q2 (11) | 0.17 | 183.33 | 254.55 | 40.56 | 4.91 | 4.64 | 8.58 | 143.75 | 270.24 | 4.98 | 90.08 | 247.77 | 4.50 | 152.81 | 244.23 | 1.04 | 153.66 | 248.57 | 0.86 | 152.94 | 248.28 | 0.19 | 0.0 | 0.0 | 8.37 | 27.4 | 481.25 | 23.70 | 21.79 | 17.27 | 172.97 | 31.46 | 13.67 | -72.97 | -131.08 | -39.86 | 24.92 | -4.89 | -24.42 |
| 22Q1 (10) | 0.06 | 50.0 | 114.63 | 38.66 | 11.54 | 4.43 | 3.52 | 117.28 | 128.81 | 2.62 | 35.75 | 119.82 | 1.78 | 81.63 | 113.09 | 0.41 | 51.85 | 116.4 | 0.34 | 54.55 | 116.5 | 0.19 | -13.64 | 26.67 | 6.57 | 4.45 | 193.46 | 19.46 | -15.68 | -2.7 | 131.58 | 50.38 | 40.98 | -31.58 | -268.42 | -494.74 | 26.20 | 14.81 | -30.06 |
| 21Q4 (9) | 0.04 | 0 | 110.53 | 34.66 | -16.78 | 16.11 | 1.62 | 590.91 | 108.34 | 1.93 | 359.52 | 110.97 | 0.98 | 512.5 | 107.78 | 0.27 | 575.0 | 111.64 | 0.22 | 633.33 | 111.52 | 0.22 | 15.79 | 46.67 | 6.29 | 17.79 | 156.51 | 23.08 | 8.2 | 1.45 | 87.50 | 231.25 | -21.09 | 18.75 | -88.75 | 272.16 | 22.82 | -22.98 | -37.31 |
| 21Q3 (8) | 0.00 | 100.0 | 100.0 | 41.65 | 7.46 | 37.05 | -0.33 | 93.45 | 98.19 | 0.42 | 112.46 | 103.11 | 0.16 | 105.13 | 101.19 | 0.04 | 105.71 | 101.84 | 0.03 | 105.17 | 101.67 | 0.19 | 0.0 | 46.15 | 5.34 | 270.83 | 168.2 | 21.33 | 5.54 | 10.06 | -66.67 | -143.81 | -149.46 | 166.67 | 419.44 | 579.17 | 29.63 | -10.13 | -20.05 |
| 21Q2 (7) | -0.11 | 73.17 | 70.27 | 38.76 | 4.7 | 27.96 | -5.04 | 58.76 | 73.72 | -3.37 | 74.51 | 80.8 | -3.12 | 77.06 | 78.29 | -0.70 | 72.0 | 67.59 | -0.58 | 71.84 | 67.78 | 0.19 | 26.67 | 46.15 | 1.44 | 120.48 | 112.75 | 20.21 | 1.05 | -5.34 | 152.17 | 63.04 | 40.72 | -52.17 | -752.17 | -460.87 | 32.97 | -11.99 | -6.86 |
| 21Q1 (6) | -0.41 | -7.89 | -173.33 | 37.02 | 24.02 | 0.68 | -12.22 | 37.08 | -7.19 | -13.22 | 24.84 | -62.81 | -13.60 | -7.94 | -127.81 | -2.50 | -7.76 | -177.78 | -2.06 | -7.85 | -174.67 | 0.15 | 0.0 | 15.38 | -7.03 | 36.84 | -485.83 | 20.00 | -12.09 | 6.72 | 93.33 | -15.83 | -34.5 | 8.00 | 173.45 | 120.0 | 37.46 | 2.91 | 5.05 |
| 20Q4 (5) | -0.38 | -2.7 | -2.7 | 29.85 | -1.78 | -27.48 | -19.42 | -6.24 | -23.85 | -17.59 | -30.2 | -10.01 | -12.60 | 6.39 | 7.01 | -2.32 | -6.91 | -9.43 | -1.91 | -6.11 | -7.91 | 0.15 | 15.38 | 15.38 | -11.13 | -42.15 | -78.37 | 22.75 | 17.39 | 16.37 | 110.89 | -17.73 | 13.56 | -10.89 | 68.69 | -562.87 | 36.40 | -1.78 | -0.82 |
| 20Q3 (4) | -0.37 | 0.0 | 0.0 | 30.39 | 0.33 | 0.0 | -18.28 | 4.69 | 0.0 | -13.51 | 23.02 | 0.0 | -13.46 | 6.33 | 0.0 | -2.17 | -0.46 | 0.0 | -1.80 | 0.0 | 0.0 | 0.13 | 0.0 | 0.0 | -7.83 | 30.65 | 0.0 | 19.38 | -9.23 | 0.0 | 134.78 | 24.64 | 0.0 | -34.78 | -273.91 | 0.0 | 37.06 | 4.69 | 0.0 |
| 20Q2 (3) | -0.37 | -146.67 | 0.0 | 30.29 | -17.62 | 0.0 | -19.18 | -68.25 | 0.0 | -17.55 | -116.13 | 0.0 | -14.37 | -140.7 | 0.0 | -2.16 | -140.0 | 0.0 | -1.80 | -140.0 | 0.0 | 0.13 | 0.0 | 0.0 | -11.29 | -840.83 | 0.0 | 21.35 | 13.93 | 0.0 | 108.14 | -24.11 | 0.0 | -9.30 | 76.74 | 0.0 | 35.40 | -0.73 | 0.0 |
| 20Q1 (2) | -0.15 | 59.46 | 0.0 | 36.77 | -10.67 | 0.0 | -11.40 | 27.3 | 0.0 | -8.12 | 49.22 | 0.0 | -5.97 | 55.94 | 0.0 | -0.90 | 57.55 | 0.0 | -0.75 | 57.63 | 0.0 | 0.13 | 0.0 | 0.0 | -1.20 | 80.77 | 0.0 | 18.74 | -4.14 | 0.0 | 142.50 | 45.93 | 0.0 | -40.00 | -1800.0 | 0.0 | 35.66 | -2.83 | 0.0 |
| 19Q4 (1) | -0.37 | 0.0 | 0.0 | 41.16 | 0.0 | 0.0 | -15.68 | 0.0 | 0.0 | -15.99 | 0.0 | 0.0 | -13.55 | 0.0 | 0.0 | -2.12 | 0.0 | 0.0 | -1.77 | 0.0 | 0.0 | 0.13 | 0.0 | 0.0 | -6.24 | 0.0 | 0.0 | 19.55 | 0.0 | 0.0 | 97.65 | 0.0 | 0.0 | 2.35 | 0.0 | 0.0 | 36.70 | 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) | -8.75 | 0 | 21.11 | -46.0 | -45.19 | 0 | 1.94 | 55.56 | -84.06 | 0 | -116.99 | 0 | -69.45 | 0 | -53.61 | 0 | 0.46 | -34.29 | -77.73 | 0 | 58.56 | 285.77 | 53.74 | -80.97 | 46.26 | 0 | 1.45 | -44.13 | 41.69 | 57.26 |
| 2022 (9) | 0.07 | 0 | 39.09 | 3.11 | 3.63 | 0 | 1.24 | -5.29 | 1.28 | 0 | 0.63 | 0 | 0.52 | 0 | 0.45 | 0 | 0.70 | -5.41 | 5.21 | 140.09 | 15.18 | -34.23 | 282.35 | 139.85 | -182.35 | 0 | 2.60 | -27.06 | 26.51 | -11.63 |
| 2021 (8) | -0.47 | 0 | 37.91 | 19.4 | -3.31 | 0 | 1.31 | -19.9 | -2.82 | 0 | -3.18 | 0 | -2.89 | 0 | -2.34 | 0 | 0.74 | 39.62 | 2.17 | 0 | 23.08 | 1.45 | 117.72 | -1.84 | -17.72 | 0 | 3.57 | -22.39 | 30.00 | -17.01 |
| 2020 (7) | -1.26 | 0 | 31.75 | -14.81 | -17.15 | 0 | 1.64 | -44.04 | -14.30 | 0 | -11.63 | 0 | -7.49 | 0 | -6.17 | 0 | 0.53 | 10.42 | -7.92 | 0 | 22.75 | 16.37 | 119.93 | 4.41 | -19.93 | 0 | 4.60 | 47.92 | 36.15 | -7.62 |
| 2019 (6) | -1.68 | 0 | 37.27 | 111.52 | -22.28 | 0 | 2.93 | 91.24 | -19.36 | 0 | -15.80 | 0 | -9.11 | 0 | -7.50 | 0 | 0.48 | -4.0 | -11.13 | 0 | 19.55 | -13.88 | 114.87 | 8.65 | -15.13 | 0 | 3.11 | 10.26 | 39.13 | -2.27 |
| 2018 (5) | -2.58 | 0 | 17.62 | -38.48 | -44.35 | 0 | 1.53 | 3.97 | -41.93 | 0 | -31.59 | 0 | -18.97 | 0 | -15.72 | 0 | 0.50 | -13.79 | -35.60 | 0 | 22.70 | 19.47 | 105.73 | -4.59 | -5.73 | 0 | 2.82 | 0 | 40.04 | 30.21 |
| 2017 (4) | -1.60 | 0 | 28.64 | -21.86 | -19.93 | 0 | 1.47 | -1.66 | -17.97 | 0 | -14.72 | 0 | -10.10 | 0 | -8.52 | 0 | 0.58 | 5.45 | -12.52 | 0 | 19.00 | 4.97 | 110.82 | 83.82 | -10.99 | 0 | 0.00 | 0 | 30.75 | 1.89 |
| 2016 (3) | -1.95 | 0 | 36.65 | -11.54 | -11.11 | 0 | 1.50 | 8.93 | -18.42 | 0 | -16.92 | 0 | -11.05 | 0 | -9.31 | 0 | 0.55 | 1.85 | -13.17 | 0 | 18.10 | -6.17 | 60.29 | -75.67 | 39.71 | 0 | 0.00 | 0 | 30.18 | 0.84 |
| 2015 (2) | -0.29 | 0 | 41.43 | -6.65 | -6.14 | 0 | 1.38 | 42.16 | -2.49 | 0 | -2.37 | 0 | -1.52 | 0 | -1.28 | 0 | 0.54 | -18.18 | 2.48 | -75.83 | 19.29 | 4.44 | 247.78 | 225.86 | -147.78 | 0 | 0.00 | 0 | 29.93 | 18.72 |
| 2014 (1) | 0.90 | -70.49 | 44.38 | 0 | 5.13 | 0 | 0.97 | -14.37 | 6.73 | 0 | 5.69 | 0 | 4.46 | 0 | 3.76 | 0 | 0.66 | 13.79 | 10.26 | -63.59 | 18.47 | -1.6 | 76.04 | 3717.12 | 23.64 | -75.85 | 0.00 | 0 | 25.21 | -6.87 |
