- 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) | -0.71 | -44.9 | -20.34 | -32.93 | -30.73 | 63.34 | -60.50 | -12.64 | 50.27 | -68.99 | -36.29 | 35.31 | -70.11 | -38.42 | 34.91 | -6.78 | -51.68 | -47.71 | -3.95 | -46.84 | -31.67 | 0.06 | 0.0 | 100.0 | -29.19 | -245.04 | 10.84 | 65.87 | 4.61 | 37.57 | 88.19 | -16.71 | -22.67 | 12.50 | 312.5 | 188.97 | 42.99 | -1.2 | -49.53 |
| 24Q2 (19) | -0.49 | 25.76 | 40.24 | -25.19 | 76.7 | 40.38 | -53.71 | 68.29 | 33.84 | -50.62 | 69.5 | 33.63 | -50.65 | 70.05 | 34.02 | -4.47 | 21.44 | 25.38 | -2.69 | 25.9 | 32.07 | 0.06 | 200.0 | 20.0 | -8.46 | 86.46 | 77.23 | 62.97 | 31.13 | 42.08 | 105.88 | 3.55 | -0.7 | -5.88 | -160.78 | 11.23 | 43.51 | -59.33 | 2.5 |
| 24Q1 (18) | -0.66 | 10.81 | 43.59 | -108.11 | -156.37 | -43.57 | -169.37 | -151.96 | -42.62 | -165.99 | -104.14 | 7.44 | -169.11 | -102.84 | 2.88 | -5.69 | 5.79 | 29.4 | -3.63 | 6.2 | 32.9 | 0.02 | -60.0 | -33.33 | -62.50 | -78.72 | 46.09 | 48.02 | -11.19 | -0.19 | 102.26 | 23.87 | 54.63 | -2.26 | -112.93 | -106.66 | 106.98 | 119.58 | 43.0 |
| 23Q4 (17) | -0.74 | -25.42 | 32.73 | -42.17 | 53.05 | -27.13 | -67.22 | 44.74 | 24.67 | -81.31 | 23.75 | 15.78 | -83.37 | 22.6 | 10.54 | -6.04 | -31.59 | 16.8 | -3.87 | -29.0 | 13.03 | 0.05 | 66.67 | 0.0 | -34.97 | -6.81 | 28.6 | 54.07 | 12.93 | 24.61 | 82.55 | -27.62 | -10.85 | 17.45 | 224.2 | 135.57 | 48.72 | -42.8 | -1.85 |
| 23Q3 (16) | -0.59 | 28.05 | 47.32 | -89.82 | -112.59 | -93.0 | -121.65 | -49.85 | -18.72 | -106.64 | -39.82 | 3.61 | -107.71 | -40.3 | 0.83 | -4.59 | 23.37 | 50.32 | -3.00 | 24.24 | 40.48 | 0.03 | -40.0 | -40.0 | -32.74 | 11.89 | 41.5 | 47.88 | 8.03 | -40.14 | 114.05 | 6.96 | 23.15 | -14.05 | -112.02 | -290.21 | 85.18 | 100.66 | 36.79 |
| 23Q2 (15) | -0.82 | 29.91 | -7.89 | -42.25 | 43.89 | -20.54 | -81.18 | 31.64 | -0.07 | -76.27 | 57.47 | 0.85 | -76.77 | 55.91 | 0.04 | -5.99 | 25.68 | 3.23 | -3.96 | 26.8 | -15.45 | 0.05 | 66.67 | 0.0 | -37.16 | 67.95 | -12.98 | 44.32 | -7.88 | -41.96 | 106.63 | 61.24 | 1.43 | -6.63 | -119.56 | -29.22 | 42.45 | -43.26 | -36.0 |
| 23Q1 (14) | -1.17 | -6.36 | -1075.0 | -75.30 | -127.01 | -316.26 | -118.76 | -33.09 | -1779.77 | -179.33 | -85.74 | -2222.25 | -174.12 | -86.84 | -2244.33 | -8.06 | -11.02 | -948.42 | -5.41 | -21.57 | -1001.67 | 0.03 | -40.0 | -57.14 | -115.94 | -136.71 | -458.95 | 48.11 | 10.88 | -37.58 | 66.13 | -28.58 | -21.47 | 33.87 | 357.26 | 114.52 | 74.81 | 50.71 | 79.23 |
| 22Q4 (13) | -1.10 | 1.79 | -189.47 | -33.17 | 28.73 | -467.33 | -89.23 | 12.92 | -271.79 | -96.55 | 12.73 | -291.05 | -93.19 | 14.2 | -268.19 | -7.26 | 21.43 | -150.34 | -4.45 | 11.71 | -143.17 | 0.05 | 0.0 | -28.57 | -48.98 | 12.49 | -1707.38 | 43.39 | -45.75 | -32.86 | 92.59 | -0.02 | -3.91 | 7.41 | 0.28 | 103.7 | 49.64 | -20.28 | 21.58 |
| 22Q3 (12) | -1.12 | -47.37 | -115.38 | -46.54 | -32.78 | -222.08 | -102.47 | -26.32 | -92.22 | -110.63 | -43.82 | -115.78 | -108.61 | -41.42 | -111.67 | -9.24 | -49.27 | -132.16 | -5.04 | -46.94 | -73.79 | 0.05 | 0.0 | -16.67 | -55.97 | -70.17 | -139.39 | 79.98 | 4.74 | 70.21 | 92.61 | -11.9 | -10.77 | 7.39 | 244.03 | 294.51 | 62.27 | -6.12 | 8.84 |
| 22Q2 (11) | -0.76 | -733.33 | -68.89 | -35.05 | -200.66 | -43.65 | -81.12 | -1247.38 | -33.88 | -76.92 | -1010.3 | -18.85 | -76.80 | -1045.81 | -18.63 | -6.19 | -751.58 | -84.78 | -3.43 | -671.67 | -27.99 | 0.05 | -28.57 | 25.0 | -32.89 | -201.83 | -17.3 | 76.36 | -0.93 | 198.28 | 105.13 | 24.84 | 11.6 | -5.13 | -132.48 | -188.46 | 66.33 | 58.91 | 3.66 |
| 22Q1 (10) | 0.12 | 131.58 | -85.88 | 34.82 | 285.6 | -38.71 | 7.07 | 129.46 | -81.98 | 8.45 | 134.22 | -78.58 | 8.12 | 132.08 | -79.25 | 0.95 | 132.76 | -86.25 | 0.60 | 132.79 | -88.64 | 0.07 | 0.0 | -46.15 | 32.30 | 1291.88 | -38.76 | 77.08 | 19.26 | 226.89 | 84.21 | -12.61 | -15.79 | 15.79 | 334.21 | 1715.79 | 41.74 | 2.23 | 57.81 |
| 21Q4 (9) | -0.38 | 26.92 | -280.0 | 9.03 | 162.49 | -48.52 | -24.00 | 54.98 | -515.38 | -24.69 | 51.84 | -288.82 | -25.31 | 50.67 | -264.17 | -2.90 | 27.14 | -187.13 | -1.83 | 36.9 | -134.62 | 0.07 | 16.67 | -36.36 | -2.71 | 88.41 | -118.55 | 64.63 | 37.54 | 44.78 | 96.36 | -7.16 | 51.43 | 3.64 | 195.76 | -90.0 | 40.83 | -28.63 | 14.34 |
| 21Q3 (8) | -0.52 | -15.56 | -372.73 | -14.45 | 40.78 | -216.53 | -53.31 | 12.02 | -468.94 | -51.27 | 20.78 | -369.08 | -51.31 | 20.74 | -455.3 | -3.98 | -18.81 | -258.56 | -2.90 | -8.21 | -237.21 | 0.06 | 50.0 | -40.0 | -23.38 | 16.62 | -282.09 | 46.99 | 83.55 | 61.2 | 103.80 | 10.19 | 18.63 | -3.80 | -165.51 | -130.38 | 57.21 | -10.6 | 34.61 |
| 21Q2 (7) | -0.45 | -152.94 | -172.58 | -24.40 | -142.95 | -150.9 | -60.59 | -254.41 | -298.33 | -64.72 | -264.1 | -324.41 | -64.74 | -265.41 | -321.41 | -3.35 | -148.48 | -148.55 | -2.68 | -150.76 | -150.09 | 0.04 | -69.23 | -77.78 | -28.04 | -153.17 | -167.96 | 25.60 | 8.57 | 18.08 | 94.20 | -5.8 | -10.39 | 5.80 | 566.67 | 190.43 | 63.99 | 141.93 | 0 |
| 21Q1 (6) | 0.85 | 950.0 | 600.0 | 56.81 | 223.89 | 399.65 | 39.24 | 1106.15 | 205.74 | 39.44 | 721.1 | 224.77 | 39.14 | 663.17 | 226.58 | 6.91 | 784.16 | 443.78 | 5.28 | 776.92 | 456.76 | 0.13 | 18.18 | 160.0 | 52.74 | 260.99 | 269.07 | 23.58 | -47.18 | -40.24 | 100.00 | 57.14 | -15.38 | 0.87 | -97.61 | 104.78 | 26.45 | -25.93 | 0 |
| 20Q4 (5) | -0.10 | 9.09 | 70.59 | 17.54 | 41.45 | -52.99 | -3.90 | 58.38 | 87.09 | -6.35 | 41.9 | 81.25 | -6.95 | 24.78 | 78.59 | -1.01 | 9.01 | 73.49 | -0.78 | 9.3 | 73.56 | 0.11 | 10.0 | 22.22 | 14.61 | 13.79 | 259.5 | 44.64 | 53.14 | 60.75 | 63.64 | -27.27 | -28.41 | 36.36 | 190.91 | 227.27 | 35.71 | -15.98 | 6.95 |
| 20Q3 (4) | -0.11 | -117.74 | 0.0 | 12.40 | -74.13 | 0.0 | -9.37 | -130.67 | 0.0 | -10.93 | -137.9 | 0.0 | -9.24 | -131.6 | 0.0 | -1.11 | -116.09 | 0.0 | -0.86 | -116.07 | 0.0 | 0.10 | -44.44 | 0.0 | 12.84 | -68.88 | 0.0 | 29.15 | 34.46 | 0.0 | 87.50 | -16.77 | 0.0 | 12.50 | 295.0 | 0.0 | 42.50 | 0 | 0.0 |
| 20Q2 (3) | 0.62 | 464.71 | 0.0 | 47.94 | 321.64 | 0.0 | 30.55 | 182.32 | 0.0 | 28.84 | 191.24 | 0.0 | 29.24 | 194.57 | 0.0 | 6.90 | 443.28 | 0.0 | 5.35 | 461.49 | 0.0 | 0.18 | 260.0 | 0.0 | 41.26 | 188.73 | 0.0 | 21.68 | -45.06 | 0.0 | 105.13 | -11.05 | 0.0 | -6.41 | 64.74 | 0.0 | 0.00 | 0 | 0.0 |
| 20Q1 (2) | -0.17 | 50.0 | 0.0 | 11.37 | -69.53 | 0.0 | -37.11 | -22.88 | 0.0 | -31.61 | 6.65 | 0.0 | -30.92 | 4.74 | 0.0 | -2.01 | 47.24 | 0.0 | -1.48 | 49.83 | 0.0 | 0.05 | -44.44 | 0.0 | 14.29 | 256.0 | 0.0 | 39.46 | 42.1 | 0.0 | 118.18 | 32.95 | 0.0 | -18.18 | -263.64 | 0.0 | 0.00 | -100.0 | 0.0 |
| 19Q4 (1) | -0.34 | 0.0 | 0.0 | 37.31 | 0.0 | 0.0 | -30.20 | 0.0 | 0.0 | -33.86 | 0.0 | 0.0 | -32.46 | 0.0 | 0.0 | -3.81 | 0.0 | 0.0 | -2.95 | 0.0 | 0.0 | 0.09 | 0.0 | 0.0 | -9.16 | 0.0 | 0.0 | 27.77 | 0.0 | 0.0 | 88.89 | 0.0 | 0.0 | 11.11 | 0.0 | 0.0 | 33.39 | 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) | -3.32 | 0 | -57.49 | 0 | -92.26 | 0 | 46.40 | 33.2 | -104.81 | 0 | -104.63 | 0 | -24.59 | 0 | -16.08 | 0 | 0.16 | -15.79 | -52.37 | 0 | 54.07 | 24.61 | 88.01 | -8.43 | 11.99 | 208.37 | 1.14 | 1.58 | 58.48 | 9.49 |
| 2022 (9) | -2.74 | 0 | -15.52 | 0 | -60.77 | 0 | 34.84 | 84.68 | -63.21 | 0 | -61.95 | 0 | -18.10 | 0 | -11.55 | 0 | 0.19 | -40.62 | -21.99 | 0 | 43.39 | -32.86 | 96.11 | -0.5 | 3.89 | 71.06 | 1.12 | -39.23 | 53.41 | 27.59 |
| 2021 (8) | -0.61 | 0 | 17.77 | -36.63 | -11.02 | 0 | 18.86 | 3.67 | -11.30 | 0 | -11.61 | 0 | -5.76 | 0 | -3.59 | 0 | 0.32 | -23.81 | 10.72 | -57.05 | 64.63 | 44.78 | 96.59 | -22.73 | 2.27 | 0 | 1.85 | -46.9 | 41.86 | 16.31 |
| 2020 (7) | 0.24 | 0 | 28.04 | -17.29 | 5.32 | 0 | 18.20 | -34.73 | 4.20 | 0 | 4.65 | 0 | 2.68 | 0 | 2.00 | 0 | 0.42 | 35.48 | 24.96 | 0 | 44.64 | 60.75 | 125.00 | 25.0 | -25.00 | 0 | 3.48 | -34.67 | 35.99 | -16.59 |
| 2019 (6) | -1.74 | 0 | 33.90 | 408.25 | -58.91 | 0 | 27.88 | -24.59 | -58.84 | 0 | -55.82 | 0 | -21.72 | 0 | -17.15 | 0 | 0.31 | 82.35 | -26.85 | 0 | 27.77 | 18.98 | 100.00 | -11.46 | -0.00 | 0 | 5.33 | 358.51 | 43.15 | -37.66 |
| 2018 (5) | -2.50 | 0 | 6.67 | -84.8 | -152.55 | 0 | 36.97 | 90.2 | -135.17 | 0 | -129.80 | 0 | -26.76 | 0 | -22.55 | 0 | 0.17 | -29.17 | -97.63 | 0 | 23.34 | 58.02 | 112.94 | 92.27 | -12.94 | 0 | 1.16 | 0 | 69.22 | 48.48 |
| 2017 (4) | -1.71 | 0 | 43.88 | 118.74 | -38.12 | 0 | 19.44 | -4.72 | -64.56 | 0 | -59.12 | 0 | -15.31 | 0 | -13.94 | 0 | 0.24 | 71.43 | -44.51 | 0 | 14.77 | 165.65 | 58.74 | -57.43 | 40.78 | 0 | 0.00 | 0 | 46.62 | -25.56 |
| 2016 (3) | -1.45 | 0 | 20.06 | -27.58 | -108.87 | 0 | 20.40 | -19.01 | -78.83 | 0 | -79.00 | 0 | -11.44 | 0 | -10.90 | 0 | 0.14 | 75.0 | -57.71 | 0 | 5.56 | 26.08 | 137.97 | 7.64 | -37.97 | 0 | 0.00 | 0 | 62.63 | -12.06 |
| 2015 (2) | -1.01 | 0 | 27.70 | -29.84 | -104.61 | 0 | 25.19 | 58.11 | -81.77 | 0 | -82.23 | 0 | -7.17 | 0 | -6.88 | 0 | 0.08 | 33.33 | -55.56 | 0 | 4.41 | 3.76 | 128.18 | -17.12 | -28.18 | 0 | 0.00 | 0 | 71.22 | 0.88 |
| 2014 (1) | -0.79 | 0 | 39.48 | 0 | -117.47 | 0 | 15.93 | -40.03 | -76.36 | 0 | -77.05 | 0 | -5.21 | 0 | -4.98 | 0 | 0.06 | 0.0 | -59.29 | 0 | 4.25 | -17.32 | 154.65 | 24.86 | -53.49 | 0 | 0.00 | 0 | 70.60 | -37.26 |
