- 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) | -0.31 | -542.86 | -106.67 | 57.11 | -0.71 | -1.5 | 25.70 | 26.17 | -1.72 | -74.34 | -274.71 | -204.8 | -74.69 | -477.41 | -115.74 | -1.12 | -473.33 | -111.32 | 0.04 | -80.0 | -63.64 | 0.00 | 0 | 0 | 76.92 | -60.0 | -43.44 | 764.98 | -1.89 | 0.23 | -36.84 | -181.05 | 68.42 | 136.84 | 150.88 | -36.84 | 17.21 | -14.12 | -4.71 |
| 24Q2 (19) | 0.07 | -53.33 | -73.08 | 57.52 | 0.16 | 5.74 | 20.37 | -13.39 | -5.74 | 42.55 | -32.75 | -55.13 | 19.79 | -39.61 | -67.35 | 0.30 | -41.18 | -65.52 | 0.20 | -4.76 | -25.93 | 0.00 | 0 | 0 | 192.31 | -5.66 | -23.69 | 779.74 | 0.56 | -2.11 | 45.45 | 21.21 | 109.09 | 54.55 | -12.73 | -30.3 | 20.04 | -7.73 | -3.33 |
| 24Q1 (18) | 0.15 | -25.0 | 145.45 | 57.43 | 8.65 | 3.89 | 23.52 | -1.8 | 4.49 | 63.27 | 59.29 | 187.86 | 32.77 | 19.95 | 142.05 | 0.51 | -26.09 | 146.79 | 0.21 | -8.7 | 600.0 | 0.00 | 0 | 0 | 203.85 | 61.54 | 142.68 | 775.41 | -1.86 | 2.64 | 37.50 | -36.25 | 212.5 | 62.50 | 51.79 | -51.09 | 21.72 | 3.72 | 2.55 |
| 23Q4 (17) | 0.20 | 233.33 | 116.26 | 52.86 | -8.83 | -1.77 | 23.95 | -8.41 | 135.41 | 39.72 | 262.85 | 110.5 | 27.32 | 178.91 | 109.44 | 0.69 | 230.19 | 117.38 | 0.23 | 109.09 | 169.7 | 0.00 | 0 | 0 | 126.19 | -7.21 | 156.33 | 790.09 | 3.52 | 6.16 | 58.82 | 150.42 | 221.8 | 41.18 | -81.0 | -49.61 | 20.94 | 15.95 | -1.87 |
| 23Q3 (16) | -0.15 | -157.69 | 92.89 | 57.98 | 6.58 | 3.74 | 26.15 | 21.01 | 0.0 | -24.39 | -125.72 | 95.99 | -34.62 | -157.11 | 93.13 | -0.53 | -160.92 | 91.86 | 0.11 | -59.26 | 115.07 | 0.00 | 0 | 0 | 136.00 | -46.03 | 128.14 | 763.21 | -4.19 | 12.61 | -116.67 | -636.67 | -2758.33 | 216.67 | 176.85 | 108.17 | 18.06 | -12.88 | -15.17 |
| 23Q2 (15) | 0.26 | 178.79 | 140.0 | 54.40 | -1.59 | 0.93 | 21.61 | -4.0 | -1.91 | 94.83 | 231.69 | 894.22 | 60.62 | 177.79 | 138.28 | 0.87 | 179.82 | 148.33 | 0.27 | 800.0 | 280.0 | 0.00 | 0 | 0 | 252.00 | 200.0 | 141.91 | 796.58 | 5.45 | 25.38 | 21.74 | 165.22 | 113.04 | 78.26 | -38.75 | -70.65 | 20.73 | -2.12 | 16.26 |
| 23Q1 (14) | -0.33 | 73.17 | 54.17 | 55.28 | 2.73 | 3.93 | 22.51 | 133.28 | -2.85 | -72.01 | 80.97 | 63.18 | -77.93 | 73.06 | 55.4 | -1.09 | 72.54 | 40.11 | 0.03 | 109.09 | 115.0 | 0.00 | 0 | 0 | 84.00 | 137.5 | 196.6 | 755.44 | 1.51 | 49.66 | -33.33 | -282.35 | -206.67 | 127.78 | 56.36 | 15.25 | 21.18 | -0.75 | 13.14 |
| 22Q4 (13) | -1.23 | 41.71 | 31.28 | 53.81 | -3.72 | 2.42 | -67.64 | -358.66 | 21.81 | -378.35 | 37.74 | 22.8 | -289.29 | 42.63 | 33.67 | -3.97 | 39.02 | 9.77 | -0.33 | 54.79 | 50.75 | 0.00 | 0 | 0 | -224.00 | 53.65 | 38.67 | 744.22 | 9.81 | 63.76 | 18.28 | 547.85 | 3.28 | 81.72 | -21.48 | -0.71 | 21.34 | 0.23 | -62.07 |
| 22Q3 (12) | -2.11 | -224.62 | -110.46 | 55.89 | 3.69 | 12.86 | 26.15 | 18.7 | 120.06 | -607.67 | -4989.36 | -109.11 | -504.26 | -218.47 | -109.46 | -6.51 | -261.67 | -109.91 | -0.73 | -386.67 | -107.73 | 0.00 | 0 | 0 | -483.33 | -563.98 | -106.98 | 677.73 | 6.67 | 52.56 | -4.08 | 97.55 | -107.58 | 104.08 | -60.97 | 2.07 | 21.29 | 19.41 | -84.02 |
| 22Q2 (11) | -0.65 | 9.72 | -25.0 | 53.90 | 1.33 | 2.16 | 22.03 | -4.92 | 11.94 | -11.94 | 93.89 | 91.46 | -158.34 | 9.37 | -24.16 | -1.80 | 1.1 | 29.13 | -0.15 | 25.0 | -114.29 | 0.00 | 0 | 0 | 104.17 | 219.79 | 698.85 | 635.35 | 25.87 | -32.22 | -166.67 | -1433.33 | -966.67 | 266.67 | 140.52 | 130.63 | 17.83 | -4.75 | -15.42 |
| 22Q1 (10) | -0.72 | 59.78 | -35.85 | 53.19 | 1.24 | 0.36 | 23.17 | 126.78 | 4.23 | -195.55 | 60.1 | -48.82 | -174.72 | 59.94 | -41.26 | -1.82 | 58.64 | 26.91 | -0.20 | 70.15 | -233.33 | 0.00 | 0 | 0 | -86.96 | 76.19 | -517.47 | 504.77 | 11.07 | -41.19 | -10.87 | -161.41 | 32.61 | 110.87 | 34.71 | -4.53 | 18.72 | -66.73 | -3.31 |
| 21Q4 (9) | -1.79 | -108.87 | -214.04 | 52.54 | 6.1 | 6.88 | -86.51 | 33.64 | -45.84 | -490.08 | -107.34 | -183.74 | -436.15 | -108.18 | -213.21 | -4.40 | -106.7 | -64.18 | -0.67 | -107.1 | -644.44 | 0.00 | 0 | 0 | -365.22 | -105.27 | -2700.77 | 454.45 | 2.3 | -44.39 | 17.70 | 1000.13 | -50.7 | 82.30 | -19.29 | 23.45 | 56.26 | -57.78 | 30.08 |
| 21Q3 (8) | 20.17 | 3978.85 | 2825.68 | 49.52 | -6.14 | 174.5 | -130.37 | -762.45 | -1752.34 | 6673.52 | 4872.6 | 10225.2 | 5329.25 | 4278.82 | 8759.81 | 65.66 | 2685.04 | 2031.18 | 9.44 | 13585.71 | 5344.44 | 0.00 | 0 | -100.0 | 6928.57 | 53033.21 | 58128.22 | 444.24 | -52.61 | -43.55 | -1.97 | 87.42 | 82.7 | 101.97 | -11.81 | -8.44 | 133.24 | 532.07 | 1792.61 |
| 21Q2 (7) | -0.52 | 1.89 | -116.67 | 52.76 | -0.45 | -0.02 | 19.68 | -11.47 | -15.65 | -139.83 | -6.42 | -121.88 | -127.53 | -3.1 | -115.53 | -2.54 | -2.01 | -137.38 | -0.07 | -16.67 | -177.78 | 0.00 | 0 | 0 | 13.04 | -37.4 | -86.37 | 937.40 | 9.22 | 26.14 | -15.62 | 3.12 | 56.25 | 115.62 | -0.43 | -19.06 | 21.08 | 8.88 | 0 |
| 21Q1 (6) | -0.53 | 7.02 | -32.5 | 53.00 | 7.81 | 1.86 | 22.23 | 137.47 | 14.18 | -131.40 | 23.92 | -16.73 | -123.69 | 11.17 | -28.08 | -2.49 | 7.09 | -48.21 | -0.06 | 33.33 | -400.0 | 0.00 | 0 | 0 | 20.83 | 259.74 | -63.15 | 858.25 | 5.01 | 26.76 | -16.13 | -144.93 | 16.13 | 116.13 | 74.19 | -2.6 | 19.36 | -55.24 | -6.52 |
| 20Q4 (5) | -0.57 | 22.97 | 74.55 | 49.16 | 172.51 | -7.66 | -59.32 | -851.84 | -60.5 | -172.72 | -162.05 | 67.38 | -139.25 | -126.28 | 75.79 | -2.68 | 21.18 | 51.27 | -0.09 | 50.0 | 88.16 | 0.00 | -100.0 | 0 | -13.04 | -9.21 | 96.47 | 817.28 | 3.85 | 29.69 | 35.90 | 415.9 | 386.61 | 66.67 | -40.14 | -28.65 | 43.25 | 514.35 | 13.76 |
| 20Q3 (4) | -0.74 | -208.33 | 0.0 | 18.04 | -65.81 | 0.0 | 7.89 | -66.18 | 0.0 | -65.91 | -4.59 | 0.0 | -61.54 | -4.01 | 0.0 | -3.40 | -217.76 | 0.0 | -0.18 | -300.0 | 0.0 | 0.01 | 0 | 0.0 | -11.94 | -112.48 | 0.0 | 786.97 | 5.9 | 0.0 | -11.36 | 68.18 | 0.0 | 111.36 | -22.05 | 0.0 | 7.04 | 0 | 0.0 |
| 20Q2 (3) | -0.24 | 40.0 | 0.0 | 52.77 | 1.42 | 0.0 | 23.33 | 19.83 | 0.0 | -63.02 | 44.02 | 0.0 | -59.17 | 38.73 | 0.0 | -1.07 | 36.31 | 0.0 | 0.09 | 350.0 | 0.0 | 0.00 | 0 | 0.0 | 95.65 | 69.23 | 0.0 | 743.12 | 9.75 | 0.0 | -35.71 | -85.71 | 0.0 | 142.86 | 19.82 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | -0.40 | 82.14 | 0.0 | 52.03 | -2.27 | 0.0 | 19.47 | 152.68 | 0.0 | -112.57 | 78.74 | 0.0 | -96.57 | 83.21 | 0.0 | -1.68 | 69.45 | 0.0 | 0.02 | 102.63 | 0.0 | 0.00 | 0 | 0.0 | 56.52 | 115.29 | 0.0 | 677.08 | 7.44 | 0.0 | -19.23 | -360.68 | 0.0 | 119.23 | 27.6 | 0.0 | 20.71 | -45.53 | 0.0 |
| 19Q4 (1) | -2.24 | 0.0 | 0.0 | 53.24 | 0.0 | 0.0 | -36.96 | 0.0 | 0.0 | -529.48 | 0.0 | 0.0 | -575.22 | 0.0 | 0.0 | -5.50 | 0.0 | 0.0 | -0.76 | 0.0 | 0.0 | 0.00 | 0.0 | 0.0 | -369.57 | 0.0 | 0.0 | 630.17 | 0.0 | 0.0 | 7.38 | 0.0 | 0.0 | 93.44 | 0.0 | 0.0 | 38.02 | 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) | -0.03 | 0 | 54.81 | 1.11 | 23.63 | 6463.89 | 26.50 | -17.95 | 13.91 | 0 | -1.26 | 0 | -0.09 | 0 | 0.65 | 0 | 0.01 | 0.0 | 145.30 | 0 | 790.09 | 6.16 | 175.00 | 0 | -68.75 | 0 | 0.82 | -0.09 | 20.32 | 2.52 |
| 2022 (9) | -4.71 | 0 | 54.21 | 4.23 | 0.36 | 0 | 32.29 | -5.21 | -301.22 | 0 | -283.24 | 0 | -13.50 | 0 | -1.46 | 0 | 0.01 | 0.0 | -173.96 | 0 | 744.22 | 63.76 | -0.00 | 0 | 100.35 | -2.62 | 0.82 | -15.3 | 19.82 | -64.45 |
| 2021 (8) | 17.34 | 0 | 52.01 | 48.86 | -41.63 | 0 | 34.07 | 49.45 | 1365.56 | 0 | 1070.25 | 0 | 56.80 | 0 | 9.05 | 0 | 0.01 | 0.0 | 1514.29 | 8855.0 | 454.45 | -44.39 | -3.05 | 0 | 103.05 | 1.41 | 0.97 | -14.43 | 55.76 | 212.91 |
| 2020 (7) | -1.95 | 0 | 34.94 | -27.97 | 1.19 | 0 | 22.79 | -34.56 | -91.33 | 0 | -80.17 | 0 | -8.57 | 0 | -0.16 | 0 | 0.01 | 0.0 | 16.91 | 0 | 817.28 | 29.69 | -1.61 | 0 | 101.61 | 22.26 | 1.14 | -8.17 | 17.82 | -59.73 |
| 2019 (6) | -3.26 | 0 | 48.51 | 45.41 | -42.66 | 0 | 34.83 | -23.6 | -252.04 | 0 | -234.92 | 0 | -9.01 | 0 | -0.93 | 0 | 0.01 | 0 | -84.27 | 0 | 630.17 | 80.45 | 16.89 | -52.44 | 83.11 | 27.44 | 1.24 | 48.72 | 44.25 | 5.76 |
| 2018 (5) | -2.18 | 0 | 33.36 | 92.28 | -71.59 | 0 | 45.59 | -16.18 | -203.30 | 0 | -283.21 | 0 | -5.57 | 0 | -0.74 | 0 | 0.00 | 0 | 8.82 | -81.38 | 349.22 | 39.78 | 35.51 | 48.2 | 65.22 | -14.23 | 0.83 | 0 | 41.84 | 32.99 |
| 2017 (4) | -1.58 | 0 | 17.35 | 0 | -40.71 | 0 | 54.39 | 95.45 | -168.54 | 0 | -183.65 | 0 | -2.23 | 0 | -0.03 | 0 | 0.01 | 0.0 | 47.37 | -32.74 | 249.84 | 61.53 | 23.96 | -94.81 | 76.04 | 0 | 0.00 | 0 | 31.46 | 60.35 |
| 2016 (3) | -0.94 | 0 | -3.89 | 0 | -51.73 | 0 | 27.83 | 1328.95 | -10.95 | 0 | -53.97 | 0 | -1.67 | 0 | -0.14 | 0 | 0.01 | -96.0 | 70.43 | 12.92 | 154.67 | 111.44 | 461.54 | 349.37 | -361.54 | 0 | 0.00 | 0 | 19.62 | 595.74 |
| 2015 (2) | 16.29 | 86.17 | 63.91 | 162.79 | 58.63 | 184.89 | 1.95 | 69.09 | 57.08 | 192.12 | 51.71 | 226.66 | 24.27 | 36.73 | 13.61 | 68.02 | 0.25 | -44.44 | 62.37 | 164.95 | 73.15 | -30.25 | 102.71 | -2.4 | -2.71 | 0 | 0.00 | 0 | 2.82 | 256.96 |
| 2014 (1) | 8.75 | 654.31 | 24.32 | 0 | 20.58 | 0 | 1.15 | -80.61 | 19.54 | 0 | 15.83 | 0 | 17.75 | 0 | 8.10 | 0 | 0.45 | 462.5 | 23.54 | -38.09 | 104.88 | -53.63 | 105.24 | -13.9 | -5.40 | 0 | 0.00 | 0 | 0.79 | -72.66 |
