- 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) | -0.94 | -150.81 | -840.0 | 40.00 | 770.02 | -10.07 | -1.76 | 98.15 | -111.42 | -196.77 | -137.43 | -1219.72 | -157.22 | -136.07 | -828.65 | -4.99 | -148.73 | -731.67 | -2.14 | -149.88 | -970.0 | 0.01 | 0.0 | 0.0 | -185.71 | -136.41 | -2500.98 | 137.35 | 6.52 | -16.59 | -0.00 | 100.0 | 100.0 | 100.00 | -15.0 | -50.0 | 72.01 | -46.48 | 30.36 |
| 24Q2 (19) | 1.85 | 760.71 | 376.12 | -5.97 | -121.31 | -138.62 | -95.32 | -379.24 | 6.9 | 525.74 | 1057.11 | 449.44 | 435.88 | 893.52 | 381.74 | 10.24 | 728.22 | 365.97 | 4.29 | 750.0 | 400.0 | 0.01 | 0.0 | 0.0 | 510.00 | 1034.92 | 464.29 | 128.94 | -13.77 | -21.94 | -17.65 | -152.94 | -126.47 | 117.65 | 76.47 | 252.94 | 134.54 | 70.95 | 60.49 |
| 24Q1 (18) | -0.28 | -203.7 | -566.67 | 28.02 | 84.22 | 10.4 | -19.89 | 37.12 | -2.79 | -54.93 | -212.17 | -495.46 | -54.93 | -211.49 | -495.46 | -1.63 | -203.82 | -593.94 | -0.66 | -203.12 | -540.0 | 0.01 | 0.0 | 0.0 | -54.55 | -201.3 | -345.5 | 149.53 | 2.84 | -8.59 | 33.33 | 150.0 | 116.67 | 66.67 | -60.0 | -77.78 | 78.70 | -13.9 | 5.98 |
| 23Q4 (17) | 0.27 | 370.0 | -53.45 | 15.21 | -65.8 | 198.64 | -31.63 | -305.26 | 76.98 | 48.97 | 428.44 | -81.05 | 49.27 | 391.02 | -76.91 | 1.57 | 361.67 | -54.09 | 0.64 | 420.0 | -50.0 | 0.01 | 0.0 | 0.0 | 53.85 | 854.2 | -79.81 | 145.40 | -11.7 | -14.27 | -66.67 | 33.33 | -33.33 | 166.67 | -16.67 | 11.11 | 91.41 | 65.48 | -29.18 |
| 23Q3 (16) | -0.10 | 85.07 | 80.0 | 44.48 | 187.71 | -27.79 | 15.41 | 115.05 | 128.96 | -14.91 | 90.09 | 93.87 | -16.93 | 89.06 | 95.23 | -0.60 | 84.42 | 79.24 | -0.20 | 86.01 | 80.95 | 0.01 | 0.0 | 0 | -7.14 | 94.9 | 96.94 | 164.67 | -0.31 | -6.38 | -100.00 | -250.0 | -500.0 | 200.00 | 500.0 | 166.67 | 55.24 | -34.1 | 231.93 |
| 23Q2 (15) | -0.67 | -1216.67 | -131.02 | 15.46 | -39.09 | -74.55 | -102.38 | -429.1 | -115.04 | -150.45 | -1183.15 | -109.79 | -154.71 | -1213.82 | -109.94 | -3.85 | -1266.67 | -129.5 | -1.43 | -1053.33 | -130.3 | 0.01 | 0.0 | 0 | -140.00 | -730.06 | -108.57 | 165.19 | 0.98 | -0.46 | 66.67 | 133.33 | 1733.33 | 33.33 | -88.89 | -67.33 | 83.83 | 12.89 | 13.68 |
| 23Q1 (14) | 0.06 | -89.66 | 160.0 | 25.38 | 264.59 | -57.93 | -19.35 | 85.91 | -28.15 | 13.89 | -94.62 | 118.32 | 13.89 | -93.49 | 118.64 | 0.33 | -90.35 | 147.83 | 0.15 | -88.28 | 168.18 | 0.01 | 0.0 | 0 | 22.22 | -91.67 | 133.33 | 163.58 | -3.56 | -14.62 | -200.00 | -300.0 | 0 | 300.00 | 100.0 | 200.0 | 74.26 | -42.47 | 129.55 |
| 22Q4 (13) | 0.58 | 216.0 | 1060.0 | -15.42 | -125.03 | -126.1 | -137.38 | -158.18 | -17.82 | 258.36 | 206.15 | 334.15 | 213.38 | 160.18 | 495.2 | 3.42 | 218.34 | 905.88 | 1.28 | 221.9 | 884.62 | 0.01 | 0 | 0 | 266.67 | 214.29 | 299.99 | 169.61 | -3.57 | -13.43 | -50.00 | -300.0 | 75.0 | 150.00 | 100.0 | -50.0 | 129.07 | 408.26 | 46.21 |
| 22Q3 (12) | -0.50 | -123.15 | -933.33 | 61.60 | 1.42 | 3.46 | -53.21 | -11.76 | -166.72 | -243.38 | -115.84 | -515.4 | -354.56 | -122.79 | -976.97 | -2.89 | -122.15 | -860.53 | -1.05 | -122.25 | -800.0 | 0.00 | 0 | 0 | -233.33 | -114.29 | -449.98 | 175.89 | 5.99 | -11.64 | 25.00 | 712.5 | 150.0 | 75.00 | -26.5 | -50.0 | -41.87 | -156.78 | -606.9 |
| 22Q2 (11) | 2.16 | 2260.0 | 176.92 | 60.74 | 0.68 | 2.65 | -47.61 | -215.3 | -54.78 | 1536.27 | 2126.74 | 183.69 | 1555.70 | 2187.63 | 187.14 | 13.05 | 1991.3 | 149.52 | 4.72 | 2245.45 | 169.71 | 0.00 | 0 | 0 | 1633.33 | 2549.87 | 157.9 | 165.95 | -13.38 | -14.86 | -4.08 | 0 | 26.53 | 102.04 | 2.04 | -3.33 | 73.74 | 127.94 | 202.21 |
| 22Q1 (10) | -0.10 | -300.0 | -140.0 | 60.33 | 2.12 | 2.29 | -15.10 | 87.05 | 55.77 | -75.80 | -227.37 | -144.95 | -74.52 | -307.87 | -144.19 | -0.69 | -302.94 | -140.35 | -0.22 | -269.23 | -138.6 | 0.00 | 0 | 0 | -66.67 | -200.0 | -133.34 | 191.58 | -2.22 | -9.27 | -0.00 | 100.0 | 100.0 | 100.00 | -66.67 | -14.29 | 32.35 | -63.36 | -20.44 |
| 21Q4 (9) | 0.05 | -16.67 | -89.8 | 59.08 | -0.77 | -3.34 | -116.60 | -484.46 | -263.47 | 59.51 | 1.57 | -78.79 | 35.85 | -11.33 | -87.72 | 0.34 | -10.53 | -90.2 | 0.13 | -13.33 | -88.29 | 0.00 | 0 | 0 | 66.67 | 0.0 | -75.76 | 195.92 | -1.57 | -7.73 | -200.00 | -300.0 | -2100.0 | 300.00 | 100.0 | 175.0 | 88.28 | 968.77 | 137.44 |
| 21Q3 (8) | 0.06 | -92.31 | -57.14 | 59.54 | 0.63 | 2.62 | -19.95 | 35.14 | -113.81 | 58.59 | -89.18 | -37.5 | 40.43 | -92.54 | -56.87 | 0.38 | -92.73 | -62.0 | 0.15 | -91.43 | -54.55 | 0.00 | 0 | 0 | 66.67 | -89.47 | -50.0 | 199.05 | 2.12 | -11.21 | -50.00 | -800.0 | -130.0 | 150.00 | 42.11 | 325.0 | 8.26 | -66.15 | -77.93 |
| 21Q2 (7) | 0.78 | 212.0 | 50.0 | 59.17 | 0.32 | 1018.53 | -30.76 | 9.9 | 51.24 | 541.53 | 221.14 | 54.22 | 541.80 | 221.3 | 54.29 | 5.23 | 205.85 | 35.84 | 1.75 | 207.02 | 49.57 | 0.00 | 0 | 0 | 633.33 | 216.67 | 46.15 | 194.91 | -7.7 | -15.25 | -5.56 | 66.67 | 66.67 | 105.56 | -9.52 | -9.52 | 24.40 | -39.99 | 0 |
| 21Q1 (6) | 0.25 | -48.98 | 122.73 | 58.98 | -3.5 | 277.6 | -34.14 | -6.42 | 69.93 | 168.63 | -39.9 | 122.46 | 168.63 | -42.24 | 122.46 | 1.71 | -50.72 | 121.32 | 0.57 | -48.65 | 123.75 | 0.00 | 0 | 0 | 200.00 | -27.27 | 125.0 | 211.16 | -0.55 | -11.76 | -16.67 | -83.33 | -204.17 | 116.67 | 6.94 | 32.58 | 40.66 | 9.36 | -71.0 |
| 20Q4 (5) | 0.49 | 250.0 | 125.93 | 61.12 | 5.34 | 319.46 | -32.08 | -122.2 | 79.46 | 280.59 | 199.3 | 137.73 | 291.93 | 211.39 | 137.67 | 3.47 | 247.0 | 128.07 | 1.11 | 236.36 | 127.82 | 0.00 | 0 | -100.0 | 275.00 | 106.26 | 140.24 | 212.33 | -5.29 | -4.55 | -9.09 | -105.45 | -142.42 | 109.09 | 263.64 | 38.84 | 37.18 | -0.67 | -44.79 |
| 20Q3 (4) | 0.14 | -73.08 | 0.0 | 58.02 | 996.79 | 0.0 | 144.51 | 329.09 | 0.0 | 93.75 | -73.3 | 0.0 | 93.75 | -73.3 | 0.0 | 1.00 | -74.03 | 0.0 | 0.33 | -71.79 | 0.0 | 0.00 | 0 | 0.0 | 133.33 | -69.23 | 0.0 | 224.18 | -2.53 | 0.0 | 166.67 | 1100.0 | 0.0 | -66.67 | -157.14 | 0.0 | 37.43 | 0 | 0.0 |
| 20Q2 (3) | 0.52 | 147.27 | 0.0 | 5.29 | 115.93 | 0.0 | -63.08 | 44.43 | 0.0 | 351.15 | 146.77 | 0.0 | 351.15 | 146.77 | 0.0 | 3.85 | 148.0 | 0.0 | 1.17 | 148.75 | 0.0 | 0.00 | 0 | 0.0 | 433.33 | 154.17 | 0.0 | 229.99 | -3.89 | 0.0 | -16.67 | -204.17 | 0.0 | 116.67 | 32.58 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | -1.10 | 41.8 | 0.0 | -33.21 | -19.25 | 0.0 | -113.52 | 27.32 | 0.0 | -750.83 | -0.96 | 0.0 | -750.83 | 3.12 | 0.0 | -8.02 | 35.11 | 0.0 | -2.40 | 39.85 | 0.0 | 0.00 | -100.0 | 0.0 | -800.00 | -17.07 | 0.0 | 239.29 | 7.58 | 0.0 | 16.00 | -25.33 | 0.0 | 88.00 | 12.0 | 0.0 | 140.20 | 108.2 | 0.0 |
| 19Q4 (1) | -1.89 | 0.0 | 0.0 | -27.85 | 0.0 | 0.0 | -156.19 | 0.0 | 0.0 | -743.70 | 0.0 | 0.0 | -775.04 | 0.0 | 0.0 | -12.36 | 0.0 | 0.0 | -3.99 | 0.0 | 0.0 | 0.01 | 0.0 | 0.0 | -683.33 | 0.0 | 0.0 | 222.44 | 0.0 | 0.0 | 21.43 | 0.0 | 0.0 | 78.57 | 0.0 | 0.0 | 67.34 | 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) | -0.45 | 0 | 26.29 | -15.08 | -30.12 | 0 | 2.17 | -65.22 | -21.04 | 0 | -22.50 | 0 | -2.62 | 0 | -0.91 | 0 | 0.05 | 150.0 | -15.22 | 0 | 145.40 | -14.27 | 140.00 | 0 | -40.00 | 0 | 0.00 | 0 | 75.21 | 18.29 |
| 2022 (9) | 2.14 | 89.38 | 30.96 | -47.69 | -77.35 | 0 | 6.25 | -18.75 | 346.51 | 66.39 | 310.49 | 56.81 | 13.26 | 72.43 | 4.79 | 83.52 | 0.02 | 100.0 | 350.00 | 51.67 | 169.61 | -13.43 | -21.82 | 0 | 121.82 | -3.26 | 0.00 | 0 | 63.58 | 57.96 |
| 2021 (8) | 1.13 | 2725.0 | 59.19 | 146.73 | -50.06 | 0 | 7.69 | -46.15 | 208.25 | 7445.29 | 198.00 | 3267.35 | 7.69 | 2976.0 | 2.61 | 1435.29 | 0.01 | 0.0 | 230.77 | 707.74 | 195.92 | -7.73 | -25.93 | 0 | 125.93 | 0 | 0.00 | 0 | 40.25 | -46.1 |
| 2020 (7) | 0.04 | 0 | 23.99 | 15.34 | -16.87 | 0 | 14.29 | -65.48 | 2.76 | 0 | 5.88 | 0 | 0.25 | 0 | 0.17 | 0 | 0.01 | -66.67 | 28.57 | 0 | 212.33 | -4.55 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 74.68 | 37.33 |
| 2019 (6) | -2.13 | 0 | 20.80 | -25.74 | -16.29 | 0 | 41.38 | 706.9 | -159.88 | 0 | -170.66 | 0 | -13.98 | 0 | -4.75 | 0 | 0.03 | -25.0 | -103.45 | 0 | 222.44 | 56.03 | 10.87 | 0 | 89.13 | -31.44 | 0.00 | 0 | 54.38 | -21.11 |
| 2018 (5) | 1.29 | 0 | 28.01 | 414.89 | -23.79 | 0 | 5.13 | 356.41 | 77.96 | 0 | 77.11 | 0 | 9.31 | 0 | 3.57 | 0 | 0.04 | -80.95 | 87.18 | 0 | 142.56 | -33.21 | -30.00 | 0 | 130.00 | 0 | 0.00 | 0 | 68.93 | 269.8 |
| 2017 (4) | -1.59 | 0 | 5.44 | -70.34 | -23.72 | 0 | 1.12 | 114.61 | -20.45 | 0 | -20.61 | 0 | -12.75 | 0 | -4.17 | 0 | 0.21 | -8.7 | -17.42 | 0 | 213.45 | 19.3 | 116.67 | 0 | -16.67 | 0 | 0.00 | 0 | 18.64 | -6.47 |
| 2016 (3) | 0.83 | -48.45 | 18.34 | 6.13 | -3.93 | 0 | 0.52 | -59.86 | 13.30 | -21.39 | 10.03 | -38.12 | 6.47 | -53.49 | 2.35 | -50.84 | 0.23 | -20.69 | 15.18 | -20.65 | 178.92 | 1.06 | -32.00 | 0 | 132.00 | 60.88 | 0.00 | 0 | 19.93 | -4.64 |
| 2015 (2) | 1.61 | 103.8 | 17.28 | -4.58 | 3.20 | 36.75 | 1.30 | -12.35 | 16.92 | 211.03 | 16.21 | 197.98 | 13.91 | 82.79 | 4.78 | 91.2 | 0.29 | -29.27 | 19.13 | 147.16 | 177.05 | -22.64 | 17.95 | -59.62 | 82.05 | 47.69 | 0.00 | 0 | 20.90 | 51.01 |
| 2014 (1) | 0.79 | -59.49 | 18.11 | 0 | 2.34 | 0 | 1.49 | -27.51 | 5.44 | 0 | 5.44 | 0 | 7.61 | 0 | 2.50 | 0 | 0.41 | -6.82 | 7.74 | -80.01 | 228.87 | -8.81 | 44.44 | -54.44 | 55.56 | 1594.44 | 0.00 | 0 | 13.84 | -7.18 |
