- 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) | 0.69 | 192.0 | -11.54 | 20.21 | 141.17 | -10.73 | 8.15 | 138.81 | 15.28 | 5.81 | 134.94 | -50.0 | 4.23 | 131.31 | -48.6 | 2.77 | 175.07 | -21.75 | 1.50 | 209.49 | -21.47 | 0.28 | 133.33 | 33.33 | 11.23 | 305.68 | -33.0 | 136.46 | 5.0 | 52.59 | 142.42 | 13.94 | 130.07 | -39.39 | -57.58 | -197.33 | 13.29 | -53.93 | -31.03 |
| 24Q2 (19) | -0.75 | -733.33 | -191.46 | 8.38 | -41.44 | -59.12 | -21.00 | -368.75 | -493.26 | -16.63 | -1468.87 | -244.73 | -13.51 | -528.37 | -247.97 | -3.69 | -379.22 | -176.4 | -1.37 | -953.85 | -160.89 | 0.12 | -33.33 | -45.45 | -5.46 | -183.74 | -132.5 | 129.96 | 12.51 | -3.07 | 125.00 | -73.21 | 175.0 | -25.00 | 93.18 | -147.83 | 28.85 | 48.48 | 72.03 |
| 24Q1 (18) | -0.09 | 78.05 | 89.41 | 14.31 | -13.74 | 36.03 | -4.48 | -1095.56 | 71.23 | -1.06 | 80.97 | 93.52 | -2.15 | 51.36 | 84.61 | -0.77 | 41.22 | 80.65 | -0.13 | 75.0 | 91.33 | 0.18 | 12.5 | 50.0 | 6.52 | 793.15 | 181.3 | 115.51 | 24.59 | -27.47 | 466.67 | 7100.0 | 394.95 | -366.67 | -423.53 | -6516.67 | 19.43 | -8.78 | -31.37 |
| 23Q4 (17) | -0.41 | -152.56 | 69.17 | 16.59 | -26.72 | -6.75 | 0.45 | -93.64 | 104.01 | -5.57 | -147.93 | 78.31 | -4.42 | -153.71 | 79.86 | -1.31 | -137.01 | 74.46 | -0.52 | -127.23 | 75.81 | 0.16 | -23.81 | 45.45 | 0.73 | -95.64 | 104.14 | 92.71 | 3.67 | -22.34 | -6.67 | -110.77 | -115.15 | 113.33 | 180.0 | 102.38 | 21.30 | 10.53 | -36.06 |
| 23Q3 (16) | 0.78 | -4.88 | -31.58 | 22.64 | 10.44 | 7.96 | 7.07 | 32.4 | 66.75 | 11.62 | 1.13 | -28.76 | 8.23 | -9.86 | -34.16 | 3.54 | -26.71 | -25.63 | 1.91 | -15.11 | -17.67 | 0.21 | -4.55 | 23.53 | 16.76 | -0.24 | -15.14 | 89.43 | -33.3 | -25.56 | 61.90 | 36.19 | 134.35 | 40.48 | -22.57 | -44.99 | 19.27 | 14.91 | -54.66 |
| 23Q2 (15) | 0.82 | 196.47 | -66.26 | 20.50 | 94.87 | -15.71 | 5.34 | 134.3 | -61.19 | 11.49 | 170.28 | -45.95 | 9.13 | 165.35 | -49.5 | 4.83 | 221.36 | -57.71 | 2.25 | 250.0 | -50.33 | 0.22 | 83.33 | -8.33 | 16.80 | 309.48 | -29.85 | 134.08 | -15.81 | 5.67 | 45.45 | -51.79 | -29.51 | 52.27 | 814.77 | 47.19 | 16.77 | -40.76 | -0.06 |
| 23Q1 (14) | -0.85 | 36.09 | -171.43 | 10.52 | -40.87 | -46.65 | -15.57 | -38.65 | -366.61 | -16.35 | 36.33 | -229.56 | -13.97 | 36.36 | -283.09 | -3.98 | 22.42 | -198.03 | -1.50 | 30.23 | -192.59 | 0.12 | 9.09 | -33.33 | -8.02 | 54.48 | -149.54 | 159.25 | 33.4 | -23.6 | 94.29 | 114.29 | 99.89 | 5.71 | -89.8 | -89.18 | 28.31 | -15.01 | 37.69 |
| 22Q4 (13) | -1.33 | -216.67 | -144.63 | 17.79 | -15.16 | -26.88 | -11.23 | -364.86 | -192.12 | -25.68 | -257.45 | -351.03 | -21.95 | -275.6 | -429.09 | -5.13 | -207.77 | -176.23 | -2.15 | -192.67 | -188.48 | 0.11 | -35.29 | -65.62 | -17.62 | -189.22 | -248.57 | 119.38 | -0.63 | -37.17 | 44.00 | 66.57 | -63.18 | 56.00 | -23.9 | 387.0 | 33.31 | -21.62 | 44.89 |
| 22Q3 (12) | 1.14 | -53.09 | -73.97 | 20.97 | -13.77 | -16.29 | 4.24 | -69.19 | -76.0 | 16.31 | -23.28 | -8.37 | 12.50 | -30.86 | -3.18 | 4.76 | -58.32 | -67.13 | 2.32 | -48.79 | -51.36 | 0.17 | -29.17 | -52.78 | 19.75 | -17.54 | 0.41 | 120.14 | -5.32 | -48.84 | 26.42 | -59.04 | -73.41 | 73.58 | 107.2 | 11011.32 | 42.50 | 153.28 | 143.83 |
| 22Q2 (11) | 2.43 | 104.2 | -47.63 | 24.32 | 23.33 | -10.75 | 13.76 | 135.62 | -33.91 | 21.26 | 68.46 | 11.78 | 18.08 | 136.96 | 5.24 | 11.42 | 181.28 | -42.84 | 4.53 | 179.63 | -34.16 | 0.24 | 33.33 | -38.46 | 23.95 | 47.93 | 14.76 | 126.89 | -39.12 | -34.67 | 64.49 | 36.71 | -41.27 | 35.51 | -32.78 | 488.12 | 16.78 | -18.39 | -16.93 |
| 22Q1 (10) | 1.19 | -60.07 | -72.64 | 19.72 | -18.95 | -36.1 | 5.84 | -52.09 | -74.95 | 12.62 | 23.36 | -47.13 | 7.63 | 14.39 | -66.45 | 4.06 | -39.67 | -83.87 | 1.62 | -33.33 | -85.7 | 0.18 | -43.75 | -63.27 | 16.19 | 36.51 | -37.22 | 208.43 | 9.71 | 2.6 | 47.17 | -60.53 | -51.56 | 52.83 | 370.75 | 1907.55 | 20.56 | -10.57 | 0.44 |
| 21Q4 (9) | 2.98 | -31.96 | 263.41 | 24.33 | -2.87 | -15.55 | 12.19 | -31.01 | -22.46 | 10.23 | -42.53 | -37.74 | 6.67 | -48.33 | -54.38 | 6.73 | -53.52 | 52.95 | 2.43 | -49.06 | -28.32 | 0.32 | -11.11 | 39.13 | 11.86 | -39.71 | -31.05 | 189.99 | -19.1 | 512.48 | 119.51 | 20.31 | 24.29 | -19.51 | -3046.34 | -607.32 | 22.99 | 31.9 | 211.52 |
| 21Q3 (8) | 4.38 | -5.6 | 253.23 | 25.05 | -8.07 | -7.73 | 17.67 | -15.13 | -11.74 | 17.80 | -6.41 | -14.34 | 12.91 | -24.85 | -38.35 | 14.48 | -27.53 | 79.21 | 4.77 | -30.67 | -15.87 | 0.36 | -7.69 | 33.33 | 19.67 | -5.75 | -9.6 | 234.84 | 20.91 | 690.44 | 99.34 | -9.53 | 1.88 | 0.66 | 107.24 | -73.51 | 17.43 | -13.71 | 591.67 |
| 21Q2 (7) | 4.64 | 6.67 | 1425.71 | 27.25 | -11.7 | 160.02 | 20.82 | -10.68 | 101.53 | 19.02 | -20.32 | 100.9 | 17.18 | -24.45 | 100.82 | 19.98 | -20.62 | 658.1 | 6.88 | -39.28 | 294.35 | 0.39 | -20.41 | 0 | 20.87 | -19.08 | 101.9 | 194.23 | -4.39 | 16937.72 | 109.80 | 12.77 | 72.55 | -9.15 | -447.71 | -125.16 | 20.20 | -1.32 | 0 |
| 21Q1 (6) | 4.35 | 430.49 | 1600.0 | 30.86 | 7.12 | 146.15 | 23.31 | 48.28 | 104.18 | 23.87 | 45.28 | 104.28 | 22.74 | 55.54 | 104.08 | 25.17 | 472.05 | 835.96 | 11.33 | 234.22 | 438.21 | 0.49 | 113.04 | 4800.0 | 25.79 | 49.94 | 104.3 | 203.14 | 554.87 | 22223.08 | 97.37 | 1.26 | -2.63 | 2.63 | -31.58 | 0 | 20.47 | 177.37 | 0 |
| 20Q4 (5) | 0.82 | -33.87 | 181.19 | 28.81 | 6.11 | 150.03 | 15.72 | -21.48 | 102.61 | 16.43 | -20.93 | 100.87 | 14.62 | -30.18 | 100.83 | 4.40 | -45.54 | 112.58 | 3.39 | -40.21 | 110.37 | 0.23 | -14.81 | 1050.0 | 17.20 | -20.96 | 100.75 | 31.02 | 4.41 | 259.86 | 96.15 | -1.38 | 215.93 | 3.85 | 53.85 | -94.47 | 7.38 | 192.86 | -98.31 |
| 20Q3 (4) | 1.24 | 454.29 | 0.0 | 27.15 | 159.8 | 0.0 | 20.02 | 101.47 | 0.0 | 20.78 | 100.99 | 0.0 | 20.94 | 100.99 | 0.0 | 8.08 | 325.7 | 0.0 | 5.67 | 260.17 | 0.0 | 0.27 | 0 | 0.0 | 21.76 | 101.98 | 0.0 | 29.71 | 2506.14 | 0.0 | 97.50 | 53.21 | 0.0 | 2.50 | -93.12 | 0.0 | 2.52 | 0 | 0.0 |
| 20Q2 (3) | -0.35 | -20.69 | 0.0 | -45.40 | 32.11 | 0.0 | -1364.92 | -144.94 | 0.0 | -2107.13 | -277.83 | 0.0 | -2107.13 | -277.83 | 0.0 | -3.58 | -4.68 | 0.0 | -3.54 | -5.67 | 0.0 | 0.00 | -100.0 | 0.0 | -1100.00 | -83.33 | 0.0 | 1.14 | 25.27 | 0.0 | 63.64 | -36.36 | 0.0 | 36.36 | 0 | 0.0 | 0.00 | 0 | 0.0 |
| 20Q1 (2) | -0.29 | 71.29 | 0.0 | -66.87 | -16.13 | 0.0 | -557.24 | 7.37 | 0.0 | -557.69 | 70.54 | 0.0 | -557.69 | 68.35 | 0.0 | -3.42 | 90.22 | 0.0 | -3.35 | 89.76 | 0.0 | 0.01 | -50.0 | 0.0 | -600.00 | 73.91 | 0.0 | 0.91 | -89.44 | 0.0 | 100.00 | 228.57 | 0.0 | 0.00 | -100.0 | 0.0 | 0.00 | -100.0 | 0.0 |
| 19Q4 (1) | -1.01 | 0.0 | 0.0 | -57.58 | 0.0 | 0.0 | -601.57 | 0.0 | 0.0 | -1892.96 | 0.0 | 0.0 | -1762.05 | 0.0 | 0.0 | -34.98 | 0.0 | 0.0 | -32.70 | 0.0 | 0.0 | 0.02 | 0.0 | 0.0 | -2300.00 | 0.0 | 0.0 | 8.62 | 0.0 | 0.0 | 30.43 | 0.0 | 0.0 | 69.57 | 0.0 | 0.0 | 436.45 | 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) | 0.36 | -89.5 | 18.54 | -13.12 | 1.16 | -80.5 | 4.38 | 90.98 | 2.93 | -74.12 | 1.86 | -77.88 | 2.70 | -81.73 | 2.17 | -67.22 | 0.71 | 2.9 | 8.84 | -41.65 | 92.71 | -22.34 | 38.89 | -26.29 | 61.11 | 29.37 | 0.00 | 0 | 20.50 | -20.82 |
| 2022 (9) | 3.43 | -79.03 | 21.34 | -19.86 | 5.95 | -67.36 | 2.29 | 86.48 | 11.32 | -34.94 | 8.41 | -41.72 | 14.78 | -77.31 | 6.62 | -77.55 | 0.69 | -65.15 | 15.15 | -21.34 | 119.38 | -37.17 | 52.76 | -49.58 | 47.24 | 0 | 0.00 | 0 | 25.89 | 28.04 |
| 2021 (8) | 16.36 | 935.44 | 26.63 | -3.09 | 18.23 | 35.14 | 1.23 | -13.67 | 17.40 | 32.12 | 14.43 | 15.9 | 65.13 | 463.9 | 29.49 | 212.06 | 1.98 | 160.53 | 19.26 | 32.55 | 189.99 | 512.48 | 104.65 | 2.42 | -4.83 | 0 | 0.00 | 0 | 20.22 | 182.8 |
| 2020 (7) | 1.58 | 0 | 27.48 | 0 | 13.49 | 0 | 1.42 | -92.88 | 13.17 | 0 | 12.45 | 0 | 11.55 | 0 | 9.45 | 0 | 0.76 | 2433.33 | 14.53 | 0 | 31.02 | 923.76 | 102.17 | 82.14 | -2.17 | 0 | 0.00 | 0 | 7.15 | -97.48 |
| 2019 (6) | -1.81 | 0 | -37.40 | 0 | -460.75 | 0 | 20.00 | 0 | -830.64 | 0 | -787.87 | 0 | -24.57 | 0 | -23.69 | 0 | 0.03 | -82.35 | -800.00 | 0 | 3.03 | -44.81 | 56.10 | -40.79 | 43.90 | 317.07 | 0.00 | 0 | 283.31 | 160.32 |
| 2018 (5) | -1.26 | 0 | 13.53 | 0 | -151.39 | 0 | 0.00 | 0 | -164.47 | 0 | -165.67 | 0 | -34.63 | 0 | -28.22 | 0 | 0.17 | -70.18 | -150.00 | 0 | 5.49 | -93.61 | 94.74 | -2.21 | 10.53 | 236.84 | 0.00 | 0 | 108.83 | 262.77 |
| 2017 (4) | -2.44 | 0 | -11.37 | 0 | -58.90 | 0 | 0.00 | 0 | -60.87 | 0 | -60.63 | 0 | -83.05 | 0 | -34.21 | 0 | 0.57 | -32.94 | -58.49 | 0 | 85.93 | -47.41 | 96.88 | -59.79 | 3.12 | 0 | 0.00 | 0 | 30.00 | 44.37 |
| 2016 (3) | -1.78 | 0 | 1.84 | -62.3 | -35.79 | 0 | 0.68 | -83.4 | -15.18 | 0 | -15.81 | 0 | -35.43 | 0 | -12.87 | 0 | 0.85 | 51.79 | -12.84 | 0 | 163.41 | -1.77 | 240.91 | 100.27 | -140.91 | 0 | 0.00 | 0 | 20.78 | -41.4 |
| 2015 (2) | -2.93 | 0 | 4.88 | -71.84 | -47.95 | 0 | 4.07 | 127.4 | -40.23 | 0 | -39.59 | 0 | -92.12 | 0 | -21.54 | 0 | 0.56 | -47.66 | -31.40 | 0 | 166.36 | -65.45 | 120.29 | 20.29 | -18.84 | 0 | 0.00 | 0 | 35.46 | 59.51 |
| 2014 (1) | -3.90 | 0 | 17.33 | 0 | -10.16 | 0 | 1.79 | 12.75 | -9.98 | 0 | -15.02 | 0 | -67.70 | 0 | -15.18 | 0 | 1.07 | -7.76 | -4.25 | 0 | 481.51 | 107.2 | 100.00 | 16.67 | -2.22 | 0 | 0.00 | 0 | 22.23 | 122.97 |
