- 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) | -0.01 | 88.89 | 0.0 | 17.94 | 11.78 | 7.94 | 5.05 | 1162.5 | 72.95 | 0.37 | 114.23 | -36.21 | 0.08 | 103.14 | -87.5 | 0.09 | 104.43 | -85.0 | 0.46 | 270.37 | -46.51 | 0.33 | 26.92 | 17.86 | 5.36 | 109.38 | -30.93 | 248.35 | 12.32 | 14.26 | 1387.50 | 9278.85 | 172.54 | -1287.50 | -1218.43 | -218.26 | 0.00 | -100.0 | -100.0 |
| 24Q2 (19) | -0.09 | 50.0 | -200.0 | 16.05 | 11.38 | -15.53 | 0.40 | 114.87 | -52.94 | -2.60 | 35.32 | -83.1 | -2.55 | 44.32 | -84.78 | -2.03 | 40.29 | -65.04 | -0.27 | 50.0 | -187.1 | 0.26 | 0.0 | 0.0 | 2.56 | -32.28 | -58.91 | 221.10 | 15.07 | -14.3 | -15.12 | -122.49 | 74.81 | 115.12 | 250.96 | -28.05 | 24.28 | 50.9 | 41.57 |
| 24Q1 (18) | -0.18 | -700.0 | 72.73 | 14.41 | -42.2 | 169.35 | -2.69 | -137.78 | 84.65 | -4.02 | -1440.0 | 76.49 | -4.58 | -1679.31 | 73.04 | -3.40 | -1800.0 | 73.23 | -0.54 | -176.06 | 82.58 | 0.26 | 8.33 | 18.18 | 3.78 | -57.95 | 147.25 | 192.14 | 6.27 | -18.9 | 67.20 | -97.13 | -34.48 | 32.80 | 101.45 | 1475.08 | 16.09 | -38.33 | -9.35 |
| 23Q4 (17) | 0.03 | 400.0 | 102.21 | 24.93 | 50.0 | 197.14 | 7.12 | 143.84 | 286.88 | 0.30 | -48.28 | 100.87 | 0.29 | -54.69 | 100.99 | 0.20 | -66.67 | 100.91 | 0.71 | -17.44 | 111.85 | 0.24 | -14.29 | 4.35 | 8.99 | 15.85 | 135.16 | 180.81 | -16.81 | -22.69 | 2344.44 | 360.52 | 21224.81 | -2255.56 | -457.55 | -2636.31 | 26.09 | 65.44 | 53.29 |
| 23Q3 (16) | -0.01 | 66.67 | 96.77 | 16.62 | -12.53 | 4.07 | 2.92 | 243.53 | 171.22 | 0.58 | 140.85 | 112.55 | 0.64 | 146.38 | 112.65 | 0.60 | 148.78 | 113.95 | 0.86 | 177.42 | 200.0 | 0.28 | 7.69 | 7.69 | 7.76 | 24.56 | 267.77 | 217.35 | -15.75 | -4.75 | 509.09 | 948.48 | 472.73 | -404.55 | -352.84 | -3740.91 | 15.77 | -8.05 | 2.4 |
| 23Q2 (15) | -0.03 | 95.45 | 0 | 19.00 | 255.14 | 164.62 | 0.85 | 104.85 | 103.08 | -1.42 | 91.7 | 97.0 | -1.38 | 91.88 | 97.05 | -1.23 | 90.31 | 96.08 | 0.31 | 110.0 | 102.85 | 0.26 | 18.18 | 8.33 | 6.23 | 177.88 | 0 | 257.98 | 8.88 | 14.47 | -60.00 | -158.5 | 0 | 160.00 | 6807.69 | 0 | 17.15 | -3.38 | 8.13 |
| 23Q1 (14) | -0.66 | 51.47 | 37.14 | 5.35 | -36.23 | -47.29 | -17.52 | -359.84 | 16.01 | -17.10 | 50.55 | 21.16 | -16.99 | 42.15 | 20.61 | -12.70 | 42.3 | -19.92 | -3.10 | 48.25 | 26.54 | 0.22 | -4.35 | 4.76 | -8.00 | 68.71 | 43.86 | 236.93 | 1.3 | 60.22 | 102.57 | 832.95 | 6.59 | -2.39 | -102.68 | -163.25 | 17.75 | 4.29 | -9.16 |
| 22Q4 (13) | -1.36 | -338.71 | 18.07 | 8.39 | -47.46 | 56.53 | -3.81 | 7.07 | 83.49 | -34.58 | -648.48 | 6.87 | -29.37 | -480.43 | 20.98 | -22.01 | -411.86 | -47.22 | -5.99 | -596.51 | 10.19 | 0.23 | -11.54 | 21.05 | -25.57 | -1311.85 | 11.98 | 233.88 | 2.49 | 87.83 | 10.99 | -87.63 | -82.3 | 88.93 | 700.38 | 135.21 | 17.02 | 10.52 | -27.61 |
| 22Q3 (12) | -0.31 | 0 | -282.35 | 15.97 | 122.42 | -17.89 | -4.10 | 85.16 | -183.33 | -4.62 | 90.24 | -287.8 | -5.06 | 89.19 | -288.81 | -4.30 | 86.29 | -407.14 | -0.86 | 92.09 | -194.51 | 0.26 | 8.33 | 4.0 | 2.11 | 0 | -74.85 | 228.19 | 1.25 | 110.92 | 88.89 | 0 | -55.38 | 11.11 | 0 | 111.11 | 15.40 | -2.9 | -3.14 |
| 22Q2 (11) | 0.00 | 100.0 | 100.0 | 7.18 | -29.26 | -52.13 | -27.62 | -32.41 | -196.67 | -47.32 | -118.17 | -257.94 | -46.82 | -118.79 | -261.54 | -31.37 | -196.22 | -672.66 | -10.87 | -157.58 | -550.9 | 0.24 | 14.29 | 60.0 | 0.00 | 100.0 | 100.0 | 225.37 | 52.4 | 102.65 | 0.00 | -100.0 | -100.0 | 0.00 | -100.0 | -100.0 | 15.86 | -18.83 | 0 |
| 22Q1 (10) | -1.05 | 36.75 | -228.12 | 10.15 | 89.37 | -11.35 | -20.86 | 9.62 | -248.25 | -21.69 | 41.58 | -257.33 | -21.40 | 42.43 | -267.7 | -10.59 | 29.16 | -354.51 | -4.22 | 36.73 | -374.16 | 0.21 | 10.53 | 5.0 | -14.25 | 50.95 | -1171.43 | 147.88 | 18.76 | 38.37 | 96.23 | 54.91 | -2.27 | 3.77 | -90.02 | 146.09 | 19.54 | -16.89 | 0 |
| 21Q4 (9) | -1.66 | -1076.47 | -714.81 | 5.36 | -72.44 | -65.55 | -23.08 | -569.11 | -359.33 | -37.13 | -1609.35 | -756.01 | -37.17 | -1486.94 | -698.55 | -14.95 | -1167.86 | -752.84 | -6.67 | -832.97 | -601.5 | 0.19 | -24.0 | 5.56 | -29.05 | -446.25 | -301.46 | 124.52 | 15.09 | 21.67 | 62.12 | -68.82 | -60.47 | 37.81 | 137.81 | 166.16 | 23.51 | 47.86 | 0 |
| 21Q3 (8) | 0.17 | 134.0 | 325.0 | 19.45 | 29.67 | -27.43 | 4.92 | 152.85 | 58.2 | 2.46 | 118.61 | 232.43 | 2.68 | 120.69 | 262.16 | 1.40 | 134.48 | 311.76 | 0.91 | 154.49 | 121.95 | 0.25 | 66.67 | 19.05 | 8.39 | 311.34 | 24.11 | 108.19 | -2.72 | -7.16 | 199.22 | 183.66 | -53.43 | -100.00 | -438.58 | 69.49 | 15.90 | 0 | 0 |
| 21Q2 (7) | -0.50 | -56.25 | -284.62 | 15.00 | 31.0 | -9.69 | -9.31 | -55.43 | -746.36 | -13.22 | -117.79 | -437.4 | -12.95 | -122.51 | -303.43 | -4.06 | -74.25 | -222.22 | -1.67 | -87.64 | -406.06 | 0.15 | -25.0 | -21.05 | -3.97 | -398.5 | -172.18 | 111.21 | 4.06 | 2.1 | 70.23 | -28.67 | 58.4 | 29.53 | 1827.15 | -46.02 | 0.00 | 0 | 0 |
| 21Q1 (6) | -0.32 | -218.52 | 3.03 | 11.45 | -26.41 | 18.29 | -5.99 | -167.3 | 2.44 | -6.07 | -207.24 | 9.0 | -5.82 | -193.72 | 12.74 | -2.33 | -201.75 | 0.0 | -0.89 | -166.92 | -9.88 | 0.20 | 11.11 | 17.65 | 1.33 | -90.78 | -1.48 | 106.87 | 4.43 | -4.47 | 98.47 | -37.34 | 6.78 | 1.53 | 102.68 | -80.31 | 0.00 | 0 | 0 |
| 20Q4 (5) | 0.27 | 575.0 | 117.53 | 15.56 | -41.94 | -14.6 | 8.90 | 186.17 | 349.3 | 5.66 | 664.86 | 122.82 | 6.21 | 739.19 | 124.53 | 2.29 | 573.53 | 122.52 | 1.33 | 224.39 | 128.06 | 0.18 | -14.29 | -10.0 | 14.42 | 113.31 | 178.07 | 102.34 | -12.18 | -4.27 | 157.14 | -63.27 | 992.9 | -57.14 | 82.57 | -166.74 | 0.00 | 0 | -100.0 |
| 20Q3 (4) | 0.04 | 130.77 | 0.0 | 26.80 | 61.35 | 0.0 | 3.11 | 382.73 | 0.0 | 0.74 | 130.08 | 0.0 | 0.74 | 123.05 | 0.0 | 0.34 | 126.98 | 0.0 | 0.41 | 224.24 | 0.0 | 0.21 | 10.53 | 0.0 | 6.76 | 22.91 | 0.0 | 116.54 | 7.0 | 0.0 | 427.78 | 864.78 | 0.0 | -327.78 | -699.04 | 0.0 | 0.00 | 0 | 0.0 |
| 20Q2 (3) | -0.13 | 60.61 | 0.0 | 16.61 | 71.59 | 0.0 | -1.10 | 82.08 | 0.0 | -2.46 | 63.12 | 0.0 | -3.21 | 51.87 | 0.0 | -1.26 | 45.92 | 0.0 | -0.33 | 59.26 | 0.0 | 0.19 | 11.76 | 0.0 | 5.50 | 307.41 | 0.0 | 108.92 | -2.64 | 0.0 | 44.34 | -51.92 | 0.0 | 54.72 | 603.11 | 0.0 | 0.00 | 0 | 0.0 |
| 20Q1 (2) | -0.33 | 78.57 | 0.0 | 9.68 | -46.87 | 0.0 | -6.14 | -71.99 | 0.0 | -6.67 | 73.1 | 0.0 | -6.67 | 73.66 | 0.0 | -2.33 | 77.09 | 0.0 | -0.81 | 82.91 | 0.0 | 0.17 | -15.0 | 0.0 | 1.35 | 107.31 | 0.0 | 111.87 | 4.64 | 0.0 | 92.22 | 541.36 | 0.0 | 7.78 | -90.91 | 0.0 | 0.00 | -100.0 | 0.0 |
| 19Q4 (1) | -1.54 | 0.0 | 0.0 | 18.22 | 0.0 | 0.0 | -3.57 | 0.0 | 0.0 | -24.80 | 0.0 | 0.0 | -25.32 | 0.0 | 0.0 | -10.17 | 0.0 | 0.0 | -4.74 | 0.0 | 0.0 | 0.20 | 0.0 | 0.0 | -18.47 | 0.0 | 0.0 | 106.91 | 0.0 | 0.0 | 14.38 | 0.0 | 0.0 | 85.62 | 0.0 | 0.0 | 22.24 | 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) | -0.66 | 0 | 16.41 | 54.52 | -1.52 | 0 | 3.66 | 2.61 | -4.17 | 0 | -4.13 | 0 | -12.70 | 0 | -1.42 | 0 | 1.00 | -0.99 | 3.20 | 0 | 180.81 | -22.69 | 36.52 | -31.56 | 63.65 | 36.43 | 20.95 | 20.98 | 18.86 | 11.93 |
| 2022 (9) | -5.32 | 0 | 10.62 | -20.27 | -14.12 | 0 | 3.57 | -6.16 | -26.47 | 0 | -25.24 | 0 | -66.79 | 0 | -23.64 | 0 | 1.01 | 26.25 | -18.96 | 0 | 233.88 | 87.83 | 53.37 | -10.67 | 46.66 | 15.89 | 17.32 | -30.88 | 16.85 | -18.2 |
| 2021 (8) | -2.31 | 0 | 13.32 | -25.0 | -7.03 | 0 | 3.80 | -0.69 | -11.76 | 0 | -11.58 | 0 | -19.78 | 0 | -8.26 | 0 | 0.80 | 5.26 | -4.31 | 0 | 124.52 | 21.67 | 59.74 | 0 | 40.26 | -87.37 | 25.06 | -0.05 | 20.60 | -5.68 |
| 2020 (7) | -0.16 | 0 | 17.76 | 24.54 | 1.30 | 0 | 3.83 | -1.69 | -0.60 | 0 | -0.66 | 0 | -1.01 | 0 | 0.58 | 0 | 0.76 | 8.57 | 7.00 | 478.51 | 102.34 | -1.14 | -217.65 | 0 | 318.63 | 409.71 | 25.07 | 4.55 | 21.84 | -9.75 |
| 2019 (6) | -1.43 | 0 | 14.26 | 4.32 | -2.52 | 0 | 3.90 | 60.25 | -6.73 | 0 | -6.80 | 0 | -9.34 | 0 | -3.38 | 0 | 0.70 | 1.45 | 1.21 | 0 | 103.52 | 12.11 | 37.49 | 356.12 | 62.51 | -31.89 | 23.98 | -8.56 | 24.20 | 17.42 |
| 2018 (5) | -1.82 | 0 | 13.67 | 17.34 | -0.72 | 0 | 2.43 | 23.85 | -8.81 | 0 | -9.05 | 0 | -11.91 | 0 | -4.85 | 0 | 0.69 | -4.17 | -2.55 | 0 | 92.34 | 3.04 | 8.22 | -79.15 | 91.78 | 51.49 | 26.22 | -19.81 | 20.61 | -9.25 |
| 2017 (4) | -0.74 | 0 | 11.65 | 180.72 | -1.74 | 0 | 1.96 | -4.79 | -4.40 | 0 | -3.83 | 0 | -5.31 | 0 | -1.34 | 0 | 0.72 | -25.0 | 0.87 | 0 | 89.62 | -32.42 | 39.41 | -53.48 | 60.59 | 296.69 | 32.70 | 0 | 22.71 | -21.77 |
| 2016 (3) | -1.94 | 0 | 4.15 | 161.01 | -8.44 | 0 | 2.06 | 1.34 | -9.96 | 0 | -10.14 | 0 | -23.56 | 0 | -8.22 | 0 | 0.96 | 15.66 | -5.97 | 0 | 132.61 | -13.77 | 84.73 | -2.67 | 15.27 | 17.95 | 0.00 | 0 | 29.03 | -7.93 |
| 2015 (2) | -3.61 | 0 | 1.59 | -89.25 | -17.78 | 0 | 2.03 | 17.93 | -20.43 | 0 | -20.48 | 0 | -35.59 | 0 | -15.53 | 0 | 0.83 | -4.6 | -16.23 | 0 | 153.78 | 93.07 | 87.05 | -4.1 | 12.95 | 40.27 | 0.00 | 0 | 31.53 | 33.49 |
| 2014 (1) | 0.29 | -78.03 | 14.79 | 0 | 2.37 | 0 | 1.72 | 30.16 | 2.60 | 0 | 1.15 | 0 | 2.18 | 0 | 2.14 | 0 | 0.87 | -20.91 | 5.90 | -2.48 | 79.65 | -56.74 | 90.77 | -34.12 | 9.23 | 0 | 0.00 | 0 | 23.62 | 33.3 |
