- 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) | -1.01 | -14.77 | -71.19 | 13.21 | 164.98 | -53.8 | -77.45 | 51.51 | 8.74 | -109.47 | 14.64 | -161.64 | -109.55 | 14.67 | -161.83 | -8.15 | -22.19 | -128.93 | -4.32 | -24.5 | -117.09 | 0.04 | 33.33 | -20.0 | -87.72 | 12.28 | -201.75 | 78.37 | -7.77 | 20.74 | 70.97 | -43.64 | -65.0 | 29.03 | 220.6 | 128.25 | 0.00 | -100.0 | -100.0 |
| 24Q2 (19) | -0.88 | -166.67 | -452.0 | -20.33 | -204.26 | -172.66 | -159.71 | -305.56 | -3824.08 | -128.24 | -940.91 | -2135.56 | -128.39 | -626.6 | -2137.94 | -6.67 | -176.76 | -553.74 | -3.47 | -204.39 | -465.26 | 0.03 | -57.14 | -78.57 | -100.00 | -11527.91 | -1100.0 | 84.97 | 3.13 | 20.76 | 125.93 | -61.67 | 288.89 | -24.07 | 89.13 | -114.44 | 91.66 | 218.49 | 514.34 |
| 24Q1 (18) | -0.33 | 85.9 | 0.0 | 19.50 | -39.04 | -2.55 | -39.38 | 57.1 | -514.35 | -12.32 | 88.51 | -97.12 | -17.67 | 83.52 | -182.72 | -2.41 | 84.39 | -23.59 | -1.14 | 86.7 | -8.57 | 0.07 | -12.5 | -61.11 | -0.86 | 99.13 | 76.94 | 82.39 | -10.45 | 9.14 | 328.57 | 282.0 | 212.93 | -221.43 | -1607.82 | -4328.57 | 28.78 | 18.83 | 159.75 |
| 23Q4 (17) | -2.34 | -296.61 | -2440.0 | 31.99 | 11.89 | 27.6 | -91.80 | -8.17 | -1347.28 | -107.23 | -156.29 | -5803.72 | -107.23 | -156.29 | -8477.34 | -15.44 | -333.71 | -2808.77 | -8.57 | -330.65 | -2416.22 | 0.08 | 60.0 | -69.23 | -99.25 | -241.42 | -2760.86 | 92.00 | 41.73 | 20.56 | 86.01 | -57.58 | -77.23 | 14.69 | 114.29 | 105.29 | 24.22 | -36.83 | 311.21 |
| 23Q3 (16) | -0.59 | -336.0 | -192.19 | 28.59 | 2.18 | 51.43 | -84.87 | -1985.26 | -2585.76 | -41.84 | -764.13 | -571.7 | -41.84 | -764.13 | -571.7 | -3.56 | -342.18 | -191.99 | -1.99 | -309.47 | -180.24 | 0.05 | -64.29 | -82.14 | -29.07 | -390.7 | -379.25 | 64.91 | -7.75 | 4.59 | 202.78 | 404.17 | 664.88 | -102.78 | -161.67 | -175.63 | 38.34 | 156.97 | 253.04 |
| 23Q2 (15) | 0.25 | 175.76 | 180.65 | 27.98 | 39.83 | 14.72 | -4.07 | 36.51 | 71.93 | 6.30 | 200.8 | 152.02 | 6.30 | 200.8 | 150.77 | 1.47 | 175.38 | 177.37 | 0.95 | 190.48 | 173.08 | 0.14 | -22.22 | 27.27 | 10.00 | 368.1 | 227.55 | 70.36 | -6.8 | 33.43 | -66.67 | -163.49 | -157.58 | 166.67 | 3433.33 | 891.67 | 14.92 | 34.66 | -28.54 |
| 23Q1 (14) | -0.33 | -430.0 | 8.33 | 20.01 | -20.18 | 98.51 | -6.41 | -187.09 | 82.81 | -6.25 | -432.45 | 66.83 | -6.25 | -588.28 | 66.83 | -1.95 | -442.11 | 8.88 | -1.05 | -383.78 | 30.0 | 0.18 | -30.77 | 125.0 | -3.73 | -200.0 | 72.95 | 75.49 | -1.07 | 125.55 | 105.00 | -72.21 | -46.28 | -5.00 | 98.2 | 94.76 | 11.08 | 88.12 | -53.46 |
| 22Q4 (13) | 0.10 | -84.38 | 123.81 | 25.07 | 32.79 | 30.5 | 7.36 | 332.91 | 172.87 | 1.88 | -78.8 | 118.08 | 1.28 | -85.57 | 111.95 | 0.57 | -85.27 | 122.8 | 0.37 | -85.08 | 121.64 | 0.26 | -7.14 | 62.5 | 3.73 | -64.17 | 147.34 | 76.31 | 22.96 | 55.51 | 377.78 | 1152.38 | 293.52 | -277.78 | -304.4 | -7044.44 | 5.89 | -45.76 | -48.51 |
| 22Q3 (12) | 0.64 | 306.45 | 239.13 | 18.88 | -22.59 | 20.49 | -3.16 | 78.21 | 64.85 | 8.87 | 173.25 | 189.42 | 8.87 | 171.47 | 189.42 | 3.87 | 303.68 | 247.71 | 2.48 | 290.77 | 239.33 | 0.28 | 154.55 | 55.56 | 10.41 | 232.78 | 232.44 | 62.06 | 17.69 | 47.1 | -35.90 | -131.0 | -140.21 | 135.90 | 745.51 | 1168.38 | 10.86 | -47.99 | -4.74 |
| 22Q2 (11) | -0.31 | 13.89 | 31.11 | 24.39 | 141.96 | -1.22 | -14.50 | 61.11 | -96.74 | -12.11 | 35.72 | 4.72 | -12.41 | 34.13 | 2.36 | -1.90 | 11.21 | 25.2 | -1.30 | 13.33 | 22.16 | 0.11 | 37.5 | -15.38 | -7.84 | 43.15 | 22.3 | 52.73 | 57.54 | 8.1 | 115.79 | -40.76 | 102.63 | -21.05 | 77.94 | -149.12 | 20.88 | -12.31 | 35.76 |
| 22Q1 (10) | -0.36 | 14.29 | -1300.0 | 10.08 | -47.53 | -53.55 | -37.28 | -269.11 | -633.86 | -18.84 | -81.15 | -3525.45 | -18.84 | -75.91 | -3525.45 | -2.14 | 14.4 | -1526.67 | -1.50 | 12.28 | -1253.85 | 0.08 | -50.0 | -55.56 | -13.79 | -75.0 | -620.38 | 33.47 | -31.79 | -36.59 | 195.45 | 103.6 | 126.06 | -95.45 | -2486.36 | -111.23 | 23.81 | 108.13 | 116.26 |
| 21Q4 (9) | -0.42 | 8.7 | 14.29 | 19.21 | 22.59 | -12.52 | -10.10 | -12.35 | -4308.33 | -10.40 | -4.84 | -9.59 | -10.71 | -7.96 | -8.4 | -2.50 | 4.58 | 6.02 | -1.71 | 3.93 | 5.0 | 0.16 | -11.11 | -11.11 | -7.88 | -0.25 | -18.14 | 49.07 | 16.31 | -3.5 | 96.00 | 7.52 | 2788.0 | 4.00 | -62.67 | -96.14 | 11.44 | 0.35 | 16.26 |
| 21Q3 (8) | -0.46 | -2.22 | 57.41 | 15.67 | -36.53 | -21.88 | -8.99 | -21.98 | 64.52 | -9.92 | 21.95 | 78.14 | -9.92 | 21.95 | 78.14 | -2.62 | -3.15 | 53.55 | -1.78 | -6.59 | 54.24 | 0.18 | 38.46 | 100.0 | -7.86 | 22.1 | 80.68 | 42.19 | -13.51 | 4.74 | 89.29 | 56.25 | 59.27 | 10.71 | -75.0 | -75.62 | 11.40 | -25.88 | -45.74 |
| 21Q2 (7) | -0.45 | -1600.0 | 27.42 | 24.69 | 13.78 | -7.74 | -7.37 | -45.08 | -588.08 | -12.71 | -2410.91 | -5.04 | -12.71 | -2410.91 | -8.08 | -2.54 | -1793.33 | 15.89 | -1.67 | -1384.62 | 18.93 | 0.13 | -27.78 | -27.78 | -10.09 | -480.75 | -0.6 | 48.78 | -7.58 | 2.11 | 57.14 | 107.62 | 545.71 | 42.86 | -94.96 | -61.13 | 15.38 | 39.69 | 0 |
| 21Q1 (6) | 0.03 | 106.12 | 109.68 | 21.70 | -1.18 | 16.54 | -5.08 | -2216.67 | 57.45 | 0.55 | 105.8 | 107.35 | 0.55 | 105.57 | 107.35 | 0.15 | 105.64 | 110.42 | 0.13 | 107.22 | 113.68 | 0.18 | 0.0 | 38.46 | 2.65 | 139.73 | 155.21 | 52.78 | 3.8 | 24.54 | -750.00 | -20900.0 | -575.0 | 850.00 | 720.69 | 1568.18 | 11.01 | 11.89 | 0 |
| 20Q4 (5) | -0.49 | 54.63 | -157.89 | 21.96 | 9.47 | 8.82 | 0.24 | 100.95 | -75.26 | -9.49 | 79.09 | -146.49 | -9.88 | 78.23 | -288.98 | -2.66 | 52.84 | -209.3 | -1.80 | 53.73 | -260.0 | 0.18 | 100.0 | -18.18 | -6.67 | 83.61 | -270.56 | 50.85 | 26.24 | -0.7 | -3.57 | -106.37 | 84.82 | 103.57 | 135.71 | -16.16 | 9.84 | -53.17 | 0 |
| 20Q3 (4) | -1.08 | -74.19 | 0.0 | 20.06 | -25.04 | 0.0 | -25.34 | -1778.15 | 0.0 | -45.39 | -275.12 | 0.0 | -45.39 | -285.97 | 0.0 | -5.64 | -86.75 | 0.0 | -3.89 | -88.83 | 0.0 | 0.09 | -50.0 | 0.0 | -40.69 | -305.68 | 0.0 | 40.28 | -15.68 | 0.0 | 56.06 | 537.27 | 0.0 | 43.94 | -60.15 | 0.0 | 21.01 | 0 | 0.0 |
| 20Q2 (3) | -0.62 | -100.0 | 0.0 | 26.76 | 43.72 | 0.0 | 1.51 | 112.65 | 0.0 | -12.10 | -61.76 | 0.0 | -11.76 | -57.22 | 0.0 | -3.02 | -109.72 | 0.0 | -2.06 | -116.84 | 0.0 | 0.18 | 38.46 | 0.0 | -10.03 | -108.96 | 0.0 | 47.77 | 12.72 | 0.0 | -12.82 | -108.12 | 0.0 | 110.26 | 290.44 | 0.0 | 0.00 | 0 | 0.0 |
| 20Q1 (2) | -0.31 | -63.16 | 0.0 | 18.62 | -7.73 | 0.0 | -11.94 | -1330.93 | 0.0 | -7.48 | -94.29 | 0.0 | -7.48 | -194.49 | 0.0 | -1.44 | -67.44 | 0.0 | -0.95 | -90.0 | 0.0 | 0.13 | -40.91 | 0.0 | -4.80 | -166.67 | 0.0 | 42.38 | -17.24 | 0.0 | 157.89 | 771.05 | 0.0 | -57.89 | -146.87 | 0.0 | 0.00 | 0 | 0.0 |
| 19Q4 (1) | -0.19 | 0.0 | 0.0 | 20.18 | 0.0 | 0.0 | 0.97 | 0.0 | 0.0 | -3.85 | 0.0 | 0.0 | -2.54 | 0.0 | 0.0 | -0.86 | 0.0 | 0.0 | -0.50 | 0.0 | 0.0 | 0.22 | 0.0 | 0.0 | -1.80 | 0.0 | 0.0 | 51.21 | 0.0 | 0.0 | -23.53 | 0.0 | 0.0 | 123.53 | 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) | -3.01 | 0 | 25.45 | 20.33 | -28.93 | 0 | 3.71 | 88.0 | -23.57 | 0 | -23.57 | 0 | -19.51 | 0 | -10.22 | 0 | 0.45 | -35.71 | -18.41 | 0 | 92.00 | 20.56 | 122.83 | 0 | -22.83 | 0 | 1.89 | 592.76 | 17.52 | 52.08 |
| 2022 (9) | 0.07 | 0 | 21.15 | 5.07 | -3.92 | 0 | 1.97 | -6.66 | 0.63 | 0 | 0.36 | 0 | 0.41 | 0 | 0.34 | 0 | 0.70 | 7.69 | 3.00 | 0 | 76.31 | 55.51 | -657.14 | 0 | 757.14 | 0 | 0.27 | 38.77 | 11.52 | -5.03 |
| 2021 (8) | -1.31 | 0 | 20.13 | -10.05 | -7.77 | 0 | 2.11 | -6.92 | -7.57 | 0 | -7.65 | 0 | -7.50 | 0 | -4.94 | 0 | 0.65 | 16.07 | -5.19 | 0 | 49.07 | -3.5 | 102.53 | 155.49 | -2.53 | 0 | 0.20 | -18.25 | 12.13 | -7.69 |
| 2020 (7) | -2.49 | 0 | 22.38 | 15.18 | -6.02 | 0 | 2.27 | 96.17 | -14.95 | 0 | -14.96 | 0 | -12.61 | 0 | -8.24 | 0 | 0.56 | -45.63 | -12.04 | 0 | 50.85 | -0.7 | 40.13 | -55.79 | 59.87 | 548.57 | 0.24 | -94.59 | 13.14 | 67.6 |
| 2019 (6) | 1.10 | 0 | 19.43 | 36.35 | 2.73 | 0 | 1.16 | 13.43 | 3.01 | 0 | 3.10 | 0 | 5.23 | 0 | 3.49 | 0 | 1.03 | -7.21 | 5.42 | 263.76 | 51.21 | -31.86 | 90.77 | -65.8 | 9.23 | 0 | 4.46 | -11.4 | 7.84 | -1.63 |
| 2018 (5) | -0.46 | 0 | 14.25 | 11.07 | -2.94 | 0 | 1.02 | -34.31 | -1.11 | 0 | -1.19 | 0 | -2.21 | 0 | -1.09 | 0 | 1.11 | 13.27 | 1.49 | 0 | 75.15 | 30.54 | 265.38 | 214.13 | -165.38 | 0 | 5.03 | 0 | 7.97 | -19.09 |
| 2017 (4) | -2.82 | 0 | 12.83 | -37.81 | -7.14 | 0 | 1.55 | 8.24 | -8.44 | 0 | -8.35 | 0 | -12.27 | 0 | -8.13 | 0 | 0.98 | 20.99 | -5.10 | 0 | 57.57 | 34.42 | 84.48 | -84.4 | 15.52 | 0 | 0.00 | 0 | 9.85 | -28.21 |
| 2016 (3) | -0.08 | 0 | 20.63 | 12.92 | -3.75 | 0 | 1.44 | -8.57 | -0.71 | 0 | -0.30 | 0 | -0.33 | 0 | -0.21 | 0 | 0.81 | 15.71 | 2.07 | 58.02 | 42.83 | 32.27 | 541.67 | 100.34 | -441.67 | 0 | 0.00 | 0 | 13.72 | 10.02 |
| 2015 (2) | -0.44 | 0 | 18.27 | 10.19 | -4.77 | 0 | 1.57 | 56.62 | -1.74 | 0 | -1.77 | 0 | -1.63 | 0 | -1.23 | 0 | 0.70 | -27.84 | 1.31 | -82.63 | 32.38 | 2.5 | 270.37 | 901.96 | -170.37 | 0 | 0.00 | 0 | 12.47 | 33.94 |
| 2014 (1) | 1.67 | 10.6 | 16.58 | 0 | 1.50 | 0 | 1.00 | -14.95 | 5.48 | 0 | 4.38 | 0 | 6.04 | 0 | 4.26 | 0 | 0.97 | 15.48 | 7.54 | -6.8 | 31.59 | -40.18 | 26.98 | -63.62 | 72.22 | 179.57 | 0.00 | 0 | 9.31 | 0.43 |
