- 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) | -0.43 | -377.78 | 58.25 | 13.61 | -50.71 | -38.39 | -27.95 | 14.47 | -66.57 | -25.28 | -173.89 | 37.63 | -23.72 | -181.04 | 37.32 | -2.35 | -291.67 | 48.91 | -1.78 | -334.15 | 46.39 | 0.08 | 60.0 | -11.11 | -19.00 | 0 | 48.0 | 25.42 | -22.78 | -25.69 | 110.71 | -69.25 | 168.27 | -10.71 | 95.88 | -118.24 | 32.13 | -17.34 | 49.1 |
| 24Q2 (19) | -0.09 | 90.0 | 79.07 | 27.61 | 30.17 | 34.95 | -32.68 | -137.16 | -502.95 | -9.23 | 84.26 | 25.38 | -8.44 | 83.16 | 37.9 | -0.60 | 86.49 | 66.85 | -0.41 | 87.19 | 66.94 | 0.05 | -16.67 | -50.0 | 0.00 | 100.0 | 100.0 | 32.92 | -3.38 | -17.14 | 360.00 | 1421.29 | 733.68 | -260.00 | -440.6 | -557.6 | 38.87 | 8.15 | 110.11 |
| 24Q1 (18) | -0.90 | -1600.0 | -198.9 | 21.21 | -8.18 | 206.95 | -13.78 | -13.7 | 38.86 | -58.63 | -45000.0 | -270.19 | -50.11 | -2019.92 | -277.44 | -4.44 | -1532.26 | -220.33 | -3.20 | -1203.45 | -218.52 | 0.06 | -33.33 | -33.33 | -51.57 | -1233.41 | -235.43 | 34.07 | -13.86 | -8.39 | 23.66 | 0 | 136.36 | 76.34 | 0 | -53.76 | 35.94 | 41.33 | 58.33 |
| 23Q4 (17) | 0.06 | 105.83 | -97.7 | 23.10 | 4.57 | 8984.62 | -12.12 | 27.77 | 69.49 | -0.13 | 99.68 | -100.13 | 2.61 | 106.9 | -96.9 | 0.31 | 106.74 | -97.38 | 0.29 | 108.73 | -96.33 | 0.09 | 0.0 | 0.0 | 4.55 | 112.45 | -95.9 | 39.55 | 15.61 | -7.33 | 0.00 | -100.0 | 100.0 | 0.00 | -100.0 | -100.0 | 25.43 | 18.0 | -24.65 |
| 23Q3 (16) | -1.03 | -139.53 | -200.98 | 22.09 | 7.97 | 177.86 | -16.78 | -209.59 | 3.34 | -40.53 | -227.65 | -284.65 | -37.84 | -178.44 | -301.71 | -4.60 | -154.14 | -213.3 | -3.32 | -167.74 | -228.68 | 0.09 | -10.0 | -30.77 | -36.54 | -321.94 | -212.5 | 34.21 | -13.89 | -44.93 | 41.27 | -4.43 | 152.19 | 58.73 | 3.37 | -67.2 | 21.55 | 16.49 | -1.24 |
| 23Q2 (15) | -0.43 | -147.25 | 36.76 | 20.46 | 196.09 | 59.22 | -5.42 | 75.95 | 65.5 | -12.37 | -135.91 | 40.15 | -13.59 | -148.12 | 27.6 | -1.81 | -149.05 | 47.69 | -1.24 | -145.93 | 35.42 | 0.10 | 11.11 | -9.09 | -8.66 | -122.74 | -2.49 | 39.73 | 6.83 | -40.09 | 43.18 | 166.35 | -43.18 | 56.82 | -65.58 | 136.74 | 18.50 | -18.5 | -27.56 |
| 23Q1 (14) | 0.91 | -65.13 | 210.98 | 6.91 | 2757.69 | -51.61 | -22.54 | 43.27 | -24.39 | 34.45 | -64.39 | 262.65 | 28.24 | -66.48 | 231.35 | 3.69 | -68.86 | 208.85 | 2.70 | -65.87 | 277.63 | 0.09 | 0.0 | 12.5 | 38.08 | -65.65 | 614.59 | 37.19 | -12.86 | -50.39 | -65.08 | -58.76 | -175.52 | 165.08 | 17.08 | 1008.39 | 22.70 | -32.74 | -24.91 |
| 22Q4 (13) | 2.61 | 155.88 | 667.39 | -0.26 | -103.27 | -101.96 | -39.73 | -128.86 | -1350.0 | 96.75 | 340.77 | 2319.04 | 84.26 | 349.15 | 1483.58 | 11.85 | 191.87 | 801.18 | 7.91 | 206.59 | 1564.81 | 0.09 | -30.77 | -30.77 | 110.86 | 241.32 | 2720.87 | 42.68 | -31.29 | -70.07 | -40.99 | 48.16 | -165.94 | 140.99 | -21.26 | 272.62 | 33.75 | 54.67 | 123.66 |
| 22Q3 (12) | 1.02 | 250.0 | 177.86 | 7.95 | -38.13 | -3.99 | -17.36 | -10.5 | 22.57 | 21.95 | 206.19 | 204.67 | 18.76 | 199.95 | 193.94 | 4.06 | 217.34 | 168.12 | 2.58 | 234.38 | 225.85 | 0.13 | 18.18 | 30.0 | 32.48 | 484.38 | 374.09 | 62.12 | -6.33 | -66.05 | -79.07 | -204.04 | -173.91 | 179.07 | 646.12 | 2666.67 | 21.82 | -14.57 | -4.55 |
| 22Q2 (11) | -0.68 | 17.07 | 25.27 | 12.85 | -10.01 | -10.58 | -15.71 | 13.3 | 84.04 | -20.67 | 2.41 | 72.21 | -18.77 | 12.7 | 75.91 | -3.46 | -2.06 | 3.62 | -1.92 | -26.32 | -33.33 | 0.11 | 37.5 | 450.0 | -8.45 | -14.19 | 77.87 | 66.32 | -11.53 | -61.14 | 76.00 | -11.8 | -42.83 | 24.00 | 61.14 | 172.89 | 25.54 | -15.51 | -77.5 |
| 22Q1 (10) | -0.82 | -78.26 | 22.64 | 14.28 | 7.69 | 22.16 | -18.12 | -561.31 | -132.9 | -21.18 | -385.78 | -124.84 | -21.50 | -253.04 | -122.11 | -3.39 | -100.59 | 24.33 | -1.52 | -181.48 | -4.83 | 0.08 | -38.46 | -55.56 | -7.40 | -288.3 | -115.74 | 74.96 | -47.43 | -53.51 | 86.17 | 38.62 | 4.64 | 14.89 | -60.64 | -15.6 | 30.23 | 100.33 | 104.53 |
| 21Q4 (9) | -0.46 | 64.89 | 9.8 | 13.26 | 60.14 | 1.07 | -2.74 | 87.78 | 25.14 | -4.36 | 79.21 | -121.32 | -6.09 | 69.5 | -169.47 | -1.69 | 71.64 | -30.0 | -0.54 | 73.66 | -68.75 | 0.13 | 30.0 | -48.0 | 3.93 | 133.16 | 77.83 | 142.60 | -22.06 | -11.81 | 62.16 | -41.89 | -66.43 | 37.84 | 642.34 | 144.42 | 15.09 | -33.99 | 52.12 |
| 21Q3 (8) | -1.31 | -43.96 | -509.38 | 8.28 | -42.38 | -43.79 | -22.42 | 77.23 | -1292.55 | -20.97 | 71.8 | -757.37 | -19.97 | 74.36 | -614.69 | -5.96 | -66.02 | -474.84 | -2.05 | -42.36 | -307.07 | 0.10 | 400.0 | -52.38 | -11.85 | 68.96 | -241.75 | 182.97 | 7.2 | 70.54 | 106.98 | -19.52 | 321.09 | -6.98 | 78.81 | -104.7 | 22.86 | -79.86 | 70.34 |
| 21Q2 (7) | -0.91 | 14.15 | -800.0 | 14.37 | 22.93 | -23.81 | -98.45 | -1165.42 | -57811.76 | -74.37 | -689.49 | -743800.0 | -77.90 | -704.75 | -13766.67 | -3.59 | 19.87 | -2094.44 | -1.44 | 0.69 | -633.33 | 0.02 | -88.89 | -87.5 | -38.18 | -1013.12 | -787.93 | 170.68 | 5.85 | 88.2 | 132.93 | 61.41 | 0 | -32.93 | -286.59 | 0 | 113.53 | 668.13 | 0 |
| 21Q1 (6) | -1.06 | -107.84 | -152.38 | 11.69 | -10.9 | -15.29 | -7.78 | -112.57 | -3.46 | -9.42 | -378.17 | -44.48 | -9.68 | -328.32 | -33.7 | -4.48 | -244.62 | -133.33 | -1.45 | -353.12 | -90.79 | 0.18 | -28.0 | 28.57 | -3.43 | -255.2 | -2043.75 | 161.25 | -0.28 | 78.59 | 82.35 | -55.53 | -27.94 | 17.65 | 120.72 | 223.53 | 14.78 | 48.99 | -19.23 |
| 20Q4 (5) | -0.51 | -259.38 | -237.84 | 13.12 | -10.93 | -15.95 | -3.66 | -127.33 | -264.13 | -1.97 | -161.76 | -163.75 | -2.26 | -158.25 | -167.87 | -1.30 | -181.76 | -173.45 | -0.32 | -132.32 | -126.67 | 0.25 | 19.05 | -16.67 | 2.21 | -73.56 | -62.67 | 161.70 | 50.71 | 60.35 | 185.19 | 482.72 | 155.43 | -85.19 | -157.41 | -409.76 | 9.92 | -26.08 | 2.48 |
| 20Q3 (4) | 0.32 | 146.15 | 0.0 | 14.73 | -21.9 | 0.0 | -1.61 | -847.06 | 0.0 | 3.19 | 31800.0 | 0.0 | 3.88 | 580.7 | 0.0 | 1.59 | 783.33 | 0.0 | 0.99 | 266.67 | 0.0 | 0.21 | 31.25 | 0.0 | 8.36 | 50.63 | 0.0 | 107.29 | 18.3 | 0.0 | -48.39 | 0 | 0.0 | 148.39 | 0 | 0.0 | 13.42 | 0 | 0.0 |
| 20Q2 (3) | 0.13 | 130.95 | 0.0 | 18.86 | 36.67 | 0.0 | -0.17 | 97.74 | 0.0 | 0.01 | 100.15 | 0.0 | 0.57 | 107.87 | 0.0 | 0.18 | 109.38 | 0.0 | 0.27 | 135.53 | 0.0 | 0.16 | 14.29 | 0.0 | 5.55 | 3568.75 | 0.0 | 90.69 | 0.44 | 0.0 | 0.00 | -100.0 | 0.0 | 0.00 | 100.0 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | -0.42 | -213.51 | 0.0 | 13.80 | -11.6 | 0.0 | -7.52 | -437.22 | 0.0 | -6.52 | -311.0 | 0.0 | -7.24 | -317.42 | 0.0 | -1.92 | -208.47 | 0.0 | -0.76 | -163.33 | 0.0 | 0.14 | -53.33 | 0.0 | -0.16 | -102.7 | 0.0 | 90.29 | -10.46 | 0.0 | 114.29 | 57.64 | 0.0 | -14.29 | -151.95 | 0.0 | 18.30 | 89.05 | 0.0 |
| 19Q4 (1) | 0.37 | 0.0 | 0.0 | 15.61 | 0.0 | 0.0 | 2.23 | 0.0 | 0.0 | 3.09 | 0.0 | 0.0 | 3.33 | 0.0 | 0.0 | 1.77 | 0.0 | 0.0 | 1.20 | 0.0 | 0.0 | 0.30 | 0.0 | 0.0 | 5.92 | 0.0 | 0.0 | 100.84 | 0.0 | 0.0 | 72.50 | 0.0 | 0.0 | 27.50 | 0.0 | 0.0 | 9.68 | 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) | -0.49 | 0 | 17.76 | 97.99 | -14.25 | 0 | 2.76 | -74.26 | -3.35 | 0 | -4.11 | 0 | -2.03 | 0 | -1.22 | 0 | 0.35 | -5.41 | 0.60 | -97.93 | 39.55 | -7.33 | 424.44 | 0 | -324.44 | 0 | 2.37 | 336.64 | 21.94 | -19.31 |
| 2022 (9) | 2.14 | 0 | 8.97 | -22.07 | -21.74 | 0 | 10.70 | 46.76 | 16.56 | 0 | 13.41 | 0 | 9.62 | 0 | 5.44 | 0 | 0.37 | -11.9 | 29.03 | 0 | 42.68 | -70.07 | -131.23 | 0 | 231.23 | 0 | 0.54 | -5.89 | 27.19 | 30.22 |
| 2021 (8) | -3.70 | 0 | 11.51 | -22.23 | -13.37 | 0 | 7.29 | 102.92 | -13.21 | 0 | -13.78 | 0 | -14.36 | 0 | -5.32 | 0 | 0.42 | -37.31 | -4.54 | 0 | 142.60 | -11.81 | 101.14 | -66.58 | -1.14 | 0 | 0.58 | -49.03 | 20.88 | 58.06 |
| 2020 (7) | -0.48 | 0 | 14.80 | -21.15 | -3.11 | 0 | 3.59 | 30.8 | -1.03 | 0 | -0.98 | 0 | -1.50 | 0 | 0.08 | -88.24 | 0.67 | -2.9 | 4.03 | -9.84 | 161.70 | 60.35 | 302.63 | 0 | -202.63 | 0 | 1.13 | -21.42 | 13.21 | -19.7 |
| 2019 (6) | 0.11 | -87.06 | 18.77 | -16.06 | -1.03 | 0 | 2.75 | 44.42 | 1.00 | -74.81 | 0.48 | -82.42 | 0.56 | -83.82 | 0.68 | -71.67 | 0.69 | -21.59 | 4.47 | -25.0 | 100.84 | 142.0 | -103.45 | 0 | 203.45 | 263.3 | 1.44 | 1161.32 | 16.45 | -3.18 |
| 2018 (5) | 0.85 | 112.5 | 22.36 | 2.29 | 1.74 | -12.56 | 1.90 | -18.63 | 3.97 | 74.89 | 2.73 | 86.99 | 3.46 | 132.21 | 2.40 | 135.29 | 0.88 | 29.41 | 5.96 | 23.4 | 41.67 | -9.2 | 44.00 | -50.19 | 56.00 | 380.0 | 0.11 | -73.76 | 16.99 | 13.8 |
| 2017 (4) | 0.40 | -65.52 | 21.86 | 2.97 | 1.99 | -59.05 | 2.34 | 24.52 | 2.27 | -65.66 | 1.46 | -62.94 | 1.49 | -69.34 | 1.02 | -69.0 | 0.68 | -18.07 | 4.83 | -44.35 | 45.89 | -15.03 | 88.33 | 19.84 | 11.67 | -56.34 | 0.44 | 0 | 14.93 | 21.78 |
| 2016 (3) | 1.16 | -75.21 | 21.23 | -3.59 | 4.86 | 74.82 | 1.88 | -15.16 | 6.61 | -72.49 | 3.94 | -80.81 | 4.86 | -77.64 | 3.29 | -78.5 | 0.83 | 12.16 | 8.68 | -67.12 | 54.01 | 23.88 | 73.71 | 533.7 | 26.72 | -69.81 | 0.00 | 0 | 12.26 | -13.3 |
| 2015 (2) | 4.68 | 108.0 | 22.02 | -9.53 | 2.78 | -67.97 | 2.21 | 24.99 | 24.03 | 147.99 | 20.53 | 144.11 | 21.74 | 79.52 | 15.30 | 74.66 | 0.74 | -28.85 | 26.40 | 127.78 | 43.60 | 7.2 | 11.63 | -87.01 | 88.51 | 744.64 | 0.00 | 0 | 14.14 | 20.75 |
| 2014 (1) | 2.25 | 0 | 24.34 | 0 | 8.68 | 0 | 1.77 | -31.46 | 9.69 | 0 | 8.41 | 0 | 12.11 | 0 | 8.76 | 0 | 1.04 | 30.0 | 11.59 | 0 | 40.67 | 13.86 | 89.52 | 545.04 | 10.48 | -87.81 | 0.00 | 0 | 11.71 | -8.94 |
