- 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) | -2.27 | 3.81 | 8.47 | -65.62 | 10.37 | 64.91 | -2324.11 | 18.94 | 56.84 | -2522.74 | 18.22 | 53.82 | -2444.82 | 21.08 | 54.27 | -15.25 | -8.23 | -44.0 | -13.13 | -6.92 | -34.94 | 0.01 | 0 | 0 | -2265.22 | 18.79 | 55.18 | 17.25 | 19.96 | 48.45 | 92.07 | -0.84 | -6.59 | 7.93 | 13.55 | 452.53 | 683.80 | -6.74 | -49.63 |
| 24Q2 (19) | -2.36 | -3.51 | -231.84 | -73.21 | 74.44 | 61.16 | -2866.98 | 54.1 | 48.83 | -3084.68 | 50.16 | -190.32 | -3097.83 | 50.1 | -191.18 | -14.09 | -16.25 | -362.38 | -12.28 | -15.74 | -341.73 | 0.00 | 0 | 0 | -2789.47 | 50.68 | -170.26 | 14.38 | 0.42 | 161.45 | 92.84 | -8.13 | 156.58 | 6.98 | 889.27 | -97.36 | 733.25 | -54.03 | -51.9 |
| 24Q1 (18) | -2.28 | 0.44 | -43.4 | -286.45 | -271.34 | 73.39 | -6245.80 | -136.35 | 74.19 | -6189.49 | -102.45 | 73.84 | -6208.59 | -102.07 | 73.71 | -12.12 | -12.01 | -80.09 | -10.61 | -10.64 | -69.49 | 0.00 | 0 | 0 | -5655.56 | -101.98 | 68.14 | 14.32 | 7.83 | 124.1 | 101.06 | 16.83 | -1.04 | -0.88 | -106.56 | 62.57 | 1595.03 | 126.33 | -79.93 |
| 23Q4 (17) | -2.29 | 7.66 | 11.92 | -77.14 | 58.75 | 95.22 | -2642.61 | 50.93 | 97.9 | -3057.30 | 44.03 | 97.7 | -3072.43 | 42.53 | 97.64 | -10.82 | -2.17 | -4.44 | -9.59 | 1.44 | 0.31 | 0.00 | 0 | 0 | -2800.00 | 44.6 | 95.38 | 13.28 | 14.29 | 63.75 | 86.50 | -12.24 | -8.76 | 13.50 | 840.44 | 159.95 | 704.73 | -48.08 | -97.4 |
| 23Q3 (16) | -2.48 | -238.55 | -46.75 | -187.00 | 0.79 | 75.32 | -5385.11 | 3.88 | 90.36 | -5462.69 | -259.96 | 87.07 | -5346.07 | -257.35 | 87.32 | -10.59 | -297.21 | -50.64 | -9.73 | -291.54 | -48.55 | 0.00 | 0 | 0 | -5054.55 | -227.32 | 86.87 | 11.62 | 111.27 | 65.29 | 98.56 | 160.07 | -25.42 | 1.44 | -99.46 | 104.46 | 1357.45 | -10.96 | -89.51 |
| 23Q2 (15) | 1.79 | 212.58 | 219.33 | -188.49 | 82.49 | 71.03 | -5602.68 | 76.85 | 78.05 | 3415.13 | 114.44 | 115.46 | 3397.56 | 114.39 | 115.4 | 5.37 | 179.79 | 184.97 | 5.08 | 181.15 | 186.54 | 0.00 | 0 | 0 | 3970.00 | 122.37 | 122.37 | 5.50 | -13.93 | -24.14 | -164.09 | -260.68 | -242.08 | 264.09 | 11271.22 | 1804.24 | 1524.55 | -80.82 | -79.62 |
| 23Q1 (14) | -1.59 | 38.85 | -4.61 | -1076.60 | 33.28 | -16.38 | -24198.30 | 80.8 | 24.96 | -23658.30 | 82.21 | 20.65 | -23617.30 | 81.83 | 20.61 | -6.73 | 35.04 | 5.08 | -6.26 | 34.93 | 2.03 | 0.00 | 0 | 0 | -17750.00 | 70.71 | 44.53 | 6.39 | -21.21 | -17.76 | 102.13 | 7.72 | -5.65 | -2.36 | -145.53 | 71.33 | 7947.37 | -70.7 | -37.97 |
| 22Q4 (13) | -2.60 | -53.85 | 7.47 | -1613.61 | -112.94 | -227.34 | -126021.00 | -125.64 | -422.66 | -133006.00 | -214.84 | -438.48 | -129945.00 | -208.13 | -426.77 | -10.36 | -47.37 | 30.24 | -9.62 | -46.87 | 27.07 | 0.00 | 0 | 0 | -60600.00 | -57.4 | -221.2 | 8.11 | 15.36 | -49.03 | 94.81 | -28.26 | -2.84 | 5.19 | 116.15 | 114.64 | 27122.70 | 109.67 | 469.33 |
| 22Q3 (12) | -1.69 | -12.67 | -3.68 | -757.77 | -16.48 | -662.11 | -55849.60 | -118.8 | -293.04 | -42246.10 | -91.24 | -198.16 | -42171.50 | -91.2 | -215.24 | -7.03 | -11.23 | 12.34 | -6.55 | -11.58 | 10.88 | 0.00 | 0 | 0 | -38500.00 | -116.9 | -241.72 | 7.03 | -3.03 | -25.61 | 132.16 | 14.43 | 31.82 | -32.16 | -107.52 | -12602.64 | 12936.00 | 72.96 | 224.28 |
| 22Q2 (11) | -1.50 | 1.32 | 28.23 | -650.54 | 29.68 | -1635.7 | -25525.60 | 20.84 | -432.67 | -22090.50 | 25.91 | -326.76 | -22056.50 | 25.86 | -326.65 | -6.32 | 10.86 | 32.12 | -5.87 | 8.14 | 31.9 | 0.00 | 0 | 0 | -17750.00 | 44.53 | -287.74 | 7.25 | -6.69 | -10.16 | 115.50 | 6.7 | 24.85 | -15.50 | -87.96 | -306.77 | 7479.39 | -41.62 | 499.25 |
| 22Q1 (10) | -1.52 | 45.91 | -31.03 | -925.06 | -87.66 | -483.71 | -32246.90 | -33.74 | -408.4 | -29814.00 | -20.7 | -409.8 | -29749.70 | -20.6 | -410.47 | -7.09 | 52.26 | -36.61 | -6.39 | 51.55 | -34.53 | 0.00 | 0 | 0 | -32000.00 | -69.61 | -521.36 | 7.77 | -51.16 | 2.78 | 108.24 | 10.93 | -0.17 | -8.24 | -440.78 | 2.19 | 12811.70 | 168.93 | 422.99 |
| 21Q4 (9) | -2.81 | -72.39 | -51.08 | -492.95 | -395.78 | -599.04 | -24111.50 | -69.69 | -5213.24 | -24700.20 | -74.33 | -5020.7 | -24668.10 | -84.4 | -5027.44 | -14.85 | -85.16 | -97.21 | -13.19 | -79.46 | -92.27 | 0.00 | 0 | -100.0 | -18866.67 | -67.46 | -4470.19 | 15.91 | 68.36 | 53.28 | 97.58 | -2.67 | 3.61 | 2.42 | 1055.65 | -58.43 | 4763.98 | 19.43 | 3416.89 |
| 21Q3 (8) | -1.63 | 22.01 | 19.31 | -99.43 | -165.29 | 42.59 | -14209.50 | -196.52 | 28.73 | -14168.90 | -173.72 | 33.14 | -13377.50 | -158.77 | 36.79 | -8.02 | 13.86 | -1.91 | -7.35 | 14.73 | -2.08 | 0.00 | 0 | 0 | -11266.67 | -146.12 | 37.23 | 9.45 | 17.1 | 8.0 | 100.25 | 8.38 | 6.36 | -0.25 | -103.38 | -104.23 | 3989.09 | 219.61 | -32.58 |
| 21Q2 (7) | -2.09 | -80.17 | -25.15 | -37.48 | 76.35 | -137.48 | -4792.03 | 24.45 | -930.61 | -5176.38 | 11.49 | -915.29 | -5169.70 | 11.29 | -917.76 | -9.31 | -79.38 | -47.08 | -8.62 | -81.47 | -46.85 | 0.00 | 0 | -100.0 | -4577.78 | 11.11 | -960.48 | 8.07 | 6.75 | 6.32 | 92.51 | -14.69 | 1.43 | 7.49 | 188.91 | -14.78 | 1248.13 | -49.05 | 0 |
| 21Q1 (6) | -1.16 | 37.63 | 30.54 | -158.48 | -260.44 | -258.48 | -6342.83 | -1297.71 | 95.21 | -5848.23 | -1112.42 | 94.96 | -5827.87 | -1111.36 | 94.96 | -5.19 | 31.08 | 18.78 | -4.75 | 30.76 | 19.35 | 0.00 | -100.0 | 0 | -5150.00 | -1147.52 | 0 | 7.56 | -27.17 | 0.53 | 108.43 | 15.13 | -4.79 | -8.43 | -244.83 | 40.63 | 2449.69 | 1708.42 | -91.67 |
| 20Q4 (5) | -1.86 | 7.92 | 33.81 | 98.78 | 157.03 | -1.22 | -453.80 | 97.72 | 99.69 | -482.36 | 97.72 | 99.72 | -481.10 | 97.73 | 99.72 | -7.53 | 4.32 | 21.07 | -6.86 | 4.72 | 23.18 | 0.01 | 0 | 0 | -412.82 | 97.7 | 0 | 10.38 | 18.63 | 17.69 | 94.18 | -0.08 | 11.77 | 5.82 | -2.69 | -62.56 | 135.46 | -97.71 | -99.53 |
| 20Q3 (4) | -2.02 | -20.96 | 0.0 | -173.20 | -273.2 | 0.0 | -19937.60 | -4187.93 | 0.0 | -21192.80 | -4056.76 | 0.0 | -21162.90 | -4066.34 | 0.0 | -7.87 | -24.33 | 0.0 | -7.20 | -22.66 | 0.0 | 0.00 | -100.0 | 0.0 | -17950.00 | -4058.27 | 0.0 | 8.75 | 15.28 | 0.0 | 94.26 | 3.35 | 0.0 | 5.98 | -32.0 | 0.0 | 5916.97 | 0 | 0.0 |
| 20Q2 (3) | -1.67 | 0.0 | 0.0 | 100.00 | 0.0 | 0.0 | -464.97 | 99.65 | 0.0 | -509.84 | 99.56 | 0.0 | -507.95 | 99.56 | 0.0 | -6.33 | 0.94 | 0.0 | -5.87 | 0.34 | 0.0 | 0.01 | 0 | 0.0 | -431.67 | 0 | 0.0 | 7.59 | 0.93 | 0.0 | 91.21 | -19.92 | 0.0 | 8.79 | 161.95 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | -1.67 | 40.57 | 0.0 | 100.00 | 0.0 | 0.0 | -132434.00 | 8.08 | 0.0 | -116006.00 | 32.08 | 0.0 | -115619.00 | 32.14 | 0.0 | -6.39 | 33.02 | 0.0 | -5.89 | 34.04 | 0.0 | 0.00 | 0 | 0.0 | 0.00 | 0 | 0.0 | 7.52 | -14.74 | 0.0 | 113.89 | 35.16 | 0.0 | -14.20 | -191.32 | 0.0 | 29405.00 | 1.09 | 0.0 |
| 19Q4 (1) | -2.81 | 0.0 | 0.0 | 100.00 | 0.0 | 0.0 | -144073.00 | 0.0 | 0.0 | -170786.00 | 0.0 | 0.0 | -170382.00 | 0.0 | 0.0 | -9.54 | 0.0 | 0.0 | -8.93 | 0.0 | 0.0 | 0.00 | 0.0 | 0.0 | 0.00 | 0.0 | 0.0 | 8.82 | 0.0 | 0.0 | 84.26 | 0.0 | 0.0 | 15.55 | 0.0 | 0.0 | 29088.20 | 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) | -4.57 | 0 | -176.89 | 0 | -5029.70 | 0 | 511.90 | -86.16 | -3070.00 | 0 | -3046.91 | 0 | -22.83 | 0 | -20.59 | 0 | 0.01 | 0 | -2426.19 | 0 | 13.13 | 61.9 | 163.79 | 47.9 | -63.79 | 0 | 1.30 | -77.41 | 1391.05 | -88.66 |
| 2022 (9) | -7.27 | 0 | -852.13 | 0 | -45059.70 | 0 | 3700.00 | 347.77 | -40693.90 | 0 | -40316.80 | 0 | -37.96 | 0 | -34.10 | 0 | 0.00 | 0 | -33320.00 | 0 | 8.11 | -49.03 | 110.75 | 12.42 | -10.75 | 0 | 5.76 | -35.08 | 12265.80 | 408.85 |
| 2021 (8) | -7.69 | 0 | -136.32 | 0 | -9141.35 | 0 | 826.32 | 597.67 | -9281.13 | 0 | -9151.34 | 0 | -39.45 | 0 | -34.90 | 0 | 0.00 | 0 | -8010.53 | 0 | 15.91 | 53.28 | 98.51 | 0.39 | 1.49 | -20.36 | 8.87 | 4.33 | 2410.50 | 684.31 |
| 2020 (7) | -6.94 | 0 | 95.41 | 0 | -1040.47 | 0 | 118.44 | -95.23 | -1060.21 | 0 | -1057.52 | 0 | -27.69 | 0 | -25.14 | 0 | 0.02 | 0 | -892.20 | 0 | 10.38 | 8.92 | 98.13 | 7.02 | 1.87 | -77.46 | 8.50 | -6.33 | 307.34 | -96.33 |
| 2019 (6) | -7.76 | 0 | -122.41 | 0 | -28228.90 | 0 | 2483.33 | 456.61 | -30797.30 | 0 | -30697.20 | 0 | -32.99 | 0 | -30.58 | 0 | 0.00 | 0 | -25050.00 | 0 | 9.53 | 80.49 | 91.69 | -19.36 | 8.31 | 0 | 9.08 | -25.54 | 8373.74 | 146.48 |
| 2018 (5) | -7.06 | 0 | 60.37 | -39.63 | -10703.10 | 0 | 446.15 | 0 | -9414.51 | 0 | -9367.22 | 0 | -26.21 | 0 | -25.22 | 0 | 0.00 | 0 | -8707.69 | 0 | 5.28 | 106.25 | 113.69 | 31.56 | -13.69 | 0 | 12.19 | 0 | 3397.34 | -97.37 |
| 2017 (4) | -8.06 | 0 | 100.00 | 0.0 | -316394.00 | 0 | 0.00 | 0 | -366345.00 | 0 | -366871.00 | 0 | -24.59 | 0 | -23.94 | 0 | 0.00 | 0 | 0.00 | 0 | 2.56 | -5.88 | 86.42 | -13.89 | 13.65 | 0 | 0.00 | 0 | 129042.00 | 22879.2 |
| 2016 (3) | -6.51 | 0 | 100.00 | 0 | -1203.69 | 0 | 36.96 | 0 | -1198.44 | 0 | -1201.15 | 0 | -16.64 | 0 | -16.28 | 0 | 0.01 | 0 | -1154.35 | 0 | 2.72 | 53.67 | 100.36 | -11.25 | -0.45 | 0 | 0.00 | 0 | 561.56 | 0 |
| 2015 (2) | -5.66 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | -21.82 | 0 | -21.40 | 0 | 0.00 | 0 | 0.00 | 0 | 1.77 | -42.16 | 113.09 | 5.94 | -13.09 | 0 | 0.00 | 0 | 0.00 | 0 |
| 2014 (1) | -4.46 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | -39.55 | 0 | -38.57 | 0 | 0.00 | 0 | 0.00 | 0 | 3.06 | 42.33 | 106.75 | 0.13 | -6.75 | 0 | 0.00 | 0 | 0.00 | 0 |
