- 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) | 2.21 | 5.74 | 229.85 | 87.92 | 1.08 | -3.04 | 27.07 | 41.06 | 154.82 | 32.49 | -19.12 | 122.38 | 26.52 | -10.01 | 74.47 | 2.80 | 2.56 | 245.68 | 2.53 | 2.43 | 241.89 | 0.09 | 12.5 | 80.0 | 36.12 | -18.67 | 85.71 | 11.73 | 3.26 | -7.78 | 83.43 | 74.58 | 124.71 | 16.69 | -68.04 | -96.19 | 18.36 | -35.28 | -63.69 |
| 24Q2 (19) | 2.09 | 109.0 | 437.1 | 86.98 | -1.51 | -5.22 | 19.19 | 1710.38 | 159.45 | 40.17 | 98.47 | 350.28 | 29.47 | 47.5 | 283.84 | 2.73 | 99.27 | 352.78 | 2.47 | 100.81 | 390.59 | 0.08 | 33.33 | 33.33 | 44.41 | 71.53 | 532.0 | 11.36 | -1.73 | 20.85 | 47.79 | 789.4 | -76.22 | 52.21 | -44.82 | 151.7 | 28.37 | -22.3 | -42.61 |
| 24Q1 (18) | 1.00 | 177.78 | 140.98 | 88.31 | 4.23 | 3.89 | 1.06 | 113.22 | 101.29 | 20.24 | 255.21 | 123.64 | 19.98 | 183.81 | 124.11 | 1.37 | 179.59 | 122.61 | 1.23 | 173.33 | 127.21 | 0.06 | 0.0 | 0.0 | 25.89 | 502.02 | 133.32 | 11.56 | -16.65 | -68.24 | 5.37 | -91.25 | -94.39 | 94.63 | 145.12 | 2147.39 | 36.51 | 21.86 | -62.32 |
| 23Q4 (17) | 0.36 | -46.27 | 167.92 | 84.73 | -6.56 | -3.91 | -8.02 | 83.76 | 88.35 | -13.04 | -189.25 | 82.22 | 7.04 | -53.68 | 139.4 | 0.49 | -39.51 | 128.65 | 0.45 | -39.19 | 136.0 | 0.06 | 20.0 | -14.29 | -6.44 | -133.11 | 90.25 | 13.87 | 9.04 | -47.24 | 61.40 | 118.18 | -34.69 | 38.60 | -91.18 | 526.82 | 29.96 | -40.74 | -34.2 |
| 23Q3 (16) | 0.67 | 208.06 | 146.53 | 90.68 | -1.19 | 19.44 | -49.38 | -52.97 | 29.14 | 14.61 | 191.03 | 128.98 | 15.20 | 194.82 | 130.15 | 0.81 | 175.0 | 110.92 | 0.74 | 187.06 | 113.43 | 0.05 | -16.67 | -54.55 | 19.45 | 289.2 | 144.82 | 12.72 | 35.32 | -65.84 | -337.70 | -268.02 | -344.46 | 437.70 | 533.43 | 1247.55 | 50.56 | 2.29 | -23.07 |
| 23Q2 (15) | -0.62 | 74.59 | 36.73 | 91.77 | 7.96 | 54.44 | -32.28 | 60.64 | 3.35 | -16.05 | 81.25 | 42.88 | -16.03 | 80.65 | 42.95 | -1.08 | 82.18 | 81.05 | -0.85 | 81.19 | 79.91 | 0.06 | 0.0 | -60.0 | -10.28 | 86.77 | 53.46 | 9.40 | -74.18 | -69.47 | 200.99 | 109.82 | 69.02 | -100.99 | -2498.4 | -434.06 | 49.43 | -48.99 | 27.79 |
| 23Q1 (14) | -2.44 | -360.38 | -24.49 | 85.00 | -3.61 | 63.34 | -82.01 | -19.11 | 62.93 | -85.62 | -16.71 | 60.15 | -82.86 | -363.68 | 61.43 | -6.06 | -254.39 | 53.67 | -4.52 | -261.6 | 50.76 | 0.06 | -14.29 | 50.0 | -77.70 | -17.67 | 58.52 | 36.40 | 38.46 | -3.96 | 95.79 | 1.9 | -6.96 | 4.21 | -31.63 | 242.37 | 96.90 | 112.83 | -20.31 |
| 22Q4 (13) | -0.53 | 63.19 | 84.46 | 88.18 | 16.15 | 56.07 | -68.85 | 1.21 | 72.51 | -73.36 | -45.5 | 68.56 | -17.87 | 64.56 | 92.34 | -1.71 | 76.95 | 94.04 | -1.25 | 77.31 | 93.17 | 0.07 | -36.36 | -12.5 | -66.03 | -52.14 | 69.51 | 26.29 | -29.4 | -42.64 | 94.00 | -31.95 | -12.42 | 6.16 | 116.15 | 184.04 | 45.53 | -30.72 | -57.74 |
| 22Q3 (12) | -1.44 | -46.94 | 46.67 | 75.92 | 27.77 | 193.58 | -69.69 | -108.65 | 90.88 | -50.42 | -79.43 | 93.37 | -50.42 | -79.43 | 93.37 | -7.42 | -30.18 | 75.92 | -5.51 | -30.26 | 70.3 | 0.11 | -26.67 | 450.0 | -43.40 | -96.47 | 93.78 | 37.24 | 20.95 | -53.66 | 138.14 | 16.17 | 37.55 | -38.14 | -101.71 | -8799.76 | 65.72 | 69.91 | -85.77 |
| 22Q2 (11) | -0.98 | 50.0 | 52.88 | 59.42 | 14.18 | 202.39 | -33.40 | 84.9 | 94.67 | -28.10 | 86.92 | 95.49 | -28.10 | 86.92 | 95.49 | -5.70 | 56.42 | 69.6 | -4.23 | 53.92 | 65.47 | 0.15 | 275.0 | 650.0 | -22.09 | 88.21 | 96.01 | 30.79 | -18.76 | -43.98 | 118.91 | 15.49 | 18.25 | -18.91 | -539.36 | -3309.94 | 38.68 | -68.19 | -87.87 |
| 22Q1 (10) | -1.96 | 42.52 | 25.48 | 52.04 | -7.89 | 130.37 | -221.24 | 11.68 | 65.35 | -214.84 | 7.94 | 69.28 | -214.84 | 7.94 | 69.28 | -13.08 | 54.43 | 32.3 | -9.18 | 49.81 | 30.77 | 0.04 | -50.0 | 100.0 | -187.30 | 13.52 | 70.68 | 37.90 | -17.3 | -24.79 | 102.96 | -4.07 | 12.69 | -2.96 | 59.64 | -134.24 | 121.60 | 12.86 | -68.58 |
| 21Q4 (9) | -3.41 | -26.3 | 0.58 | 56.50 | 118.48 | 16.49 | -250.50 | 67.21 | -10.28 | -233.37 | 69.32 | 18.15 | -233.37 | 69.32 | 18.0 | -28.70 | 6.88 | -53.89 | -18.29 | 1.4 | -31.39 | 0.08 | 300.0 | 60.0 | -216.58 | 68.96 | 19.33 | 45.83 | -42.98 | 11.48 | 107.33 | 6.87 | 34.65 | -7.33 | -1609.88 | -136.12 | 107.74 | -76.67 | 33.74 |
| 21Q3 (8) | -2.70 | -29.81 | -11.57 | 25.86 | 31.6 | 356.8 | -763.89 | -21.94 | -88.67 | -760.72 | -22.07 | -65.1 | -760.72 | -22.07 | -64.77 | -30.82 | -64.37 | -108.53 | -18.55 | -51.43 | -63.29 | 0.02 | 0.0 | 0.0 | -697.83 | -25.96 | -64.63 | 80.37 | 46.23 | 188.06 | 100.43 | -0.13 | 14.35 | -0.43 | 22.71 | -103.52 | 461.80 | 44.76 | 182.07 |
| 21Q2 (7) | -2.08 | 20.91 | -126.09 | 19.65 | -13.01 | -54.19 | -626.44 | 1.9 | -270.59 | -623.17 | 10.9 | -292.7 | -623.17 | 10.9 | -291.91 | -18.75 | 2.95 | -141.0 | -12.25 | 7.62 | -110.84 | 0.02 | 0.0 | -50.0 | -554.02 | 13.27 | -345.25 | 54.96 | 9.07 | 69.79 | 100.55 | 10.06 | -5.82 | -0.55 | -106.42 | 91.8 | 319.00 | -17.59 | 0 |
| 21Q1 (6) | -2.63 | 23.32 | -102.31 | 22.59 | -53.42 | 143.7 | -638.55 | -181.13 | 98.44 | -699.42 | -145.3 | 98.3 | -699.42 | -145.76 | 98.3 | -19.32 | -3.59 | -40.61 | -13.26 | 4.74 | -28.36 | 0.02 | -60.0 | 0 | -638.78 | -137.92 | 97.46 | 50.39 | 22.57 | 49.35 | 91.36 | 14.61 | -8.01 | 8.64 | -57.42 | 1161.2 | 387.07 | 380.47 | -97.67 |
| 20Q4 (5) | -3.43 | -41.74 | -757.5 | 48.50 | 581.63 | -31.05 | -227.14 | 43.9 | -418.47 | -285.13 | 38.12 | -552.02 | -284.60 | 38.36 | -547.41 | -18.65 | -26.18 | -334.73 | -13.92 | -22.54 | -347.59 | 0.05 | 150.0 | -28.57 | -268.49 | 36.66 | -1013.14 | 41.11 | 47.35 | 31.64 | 79.71 | -9.24 | -20.29 | 20.29 | 66.63 | 0 | 80.56 | -50.79 | 44.04 |
| 20Q3 (4) | -2.42 | -163.04 | 0.0 | -10.07 | -123.48 | 0.0 | -404.89 | -139.52 | 0.0 | -460.75 | -190.35 | 0.0 | -461.69 | -190.35 | 0.0 | -14.78 | -89.97 | 0.0 | -11.36 | -95.52 | 0.0 | 0.02 | -50.0 | 0.0 | -423.88 | -240.66 | 0.0 | 27.90 | -13.81 | 0.0 | 87.82 | -17.74 | 0.0 | 12.18 | 280.02 | 0.0 | 163.72 | 0 | 0.0 |
| 20Q2 (3) | -0.92 | 29.23 | 0.0 | 42.89 | 182.98 | 0.0 | -169.04 | 99.59 | 0.0 | -158.69 | 99.61 | 0.0 | -159.01 | 99.61 | 0.0 | -7.78 | 43.38 | 0.0 | -5.81 | 43.76 | 0.0 | 0.04 | 0 | 0.0 | -124.43 | 99.5 | 0.0 | 32.37 | -4.06 | 0.0 | 106.76 | 7.5 | 0.0 | -6.76 | -1087.44 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | -1.30 | -225.0 | 0.0 | -51.69 | -173.49 | 0.0 | -40850.10 | -93143.78 | 0.0 | -41067.50 | -93811.5 | 0.0 | -41067.50 | -93320.15 | 0.0 | -13.74 | -220.28 | 0.0 | -10.33 | -232.15 | 0.0 | 0.00 | -100.0 | 0.0 | -25100.00 | -103963.02 | 0.0 | 33.74 | 8.04 | 0.0 | 99.32 | -0.68 | 0.0 | 0.68 | 0 | 0.0 | 16583.10 | 29549.74 | 0.0 |
| 19Q4 (1) | -0.40 | 0.0 | 0.0 | 70.34 | 0.0 | 0.0 | -43.81 | 0.0 | 0.0 | -43.73 | 0.0 | 0.0 | -43.96 | 0.0 | 0.0 | -4.29 | 0.0 | 0.0 | -3.11 | 0.0 | 0.0 | 0.07 | 0.0 | 0.0 | -24.12 | 0.0 | 0.0 | 31.23 | 0.0 | 0.0 | 100.00 | 0.0 | 0.0 | -0.00 | 0.0 | 0.0 | 55.93 | 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) | -1.93 | 0 | 88.04 | 22.58 | -37.48 | 0 | 4.48 | -36.64 | -19.33 | 0 | -12.22 | 0 | -3.46 | 0 | -2.75 | 0 | 0.24 | -11.11 | -13.14 | 0 | 13.87 | -47.24 | 193.82 | 76.04 | -93.82 | 0 | 0.98 | -36.42 | 51.69 | -6.92 |
| 2022 (9) | -4.84 | 0 | 71.82 | 69.83 | -70.37 | 0 | 7.08 | -78.96 | -63.91 | 0 | -47.70 | 0 | -16.77 | 0 | -12.63 | 0 | 0.27 | 145.45 | -55.34 | 0 | 26.29 | -42.64 | 110.10 | 9.67 | -10.10 | 0 | 1.55 | -61.06 | 55.53 | -75.52 |
| 2021 (8) | -10.80 | 0 | 42.29 | 28.11 | -429.91 | 0 | 33.64 | 9.57 | -428.17 | 0 | -428.17 | 0 | -68.81 | 0 | -47.79 | 0 | 0.11 | -15.38 | -391.78 | 0 | 45.83 | 11.48 | 100.39 | 13.96 | -0.39 | 0 | 3.97 | -0.67 | 226.87 | 88.38 |
| 2020 (7) | -8.04 | 0 | 33.01 | -58.64 | -307.91 | 0 | 30.70 | -29.89 | -349.57 | 0 | -349.59 | 0 | -63.10 | 0 | -45.73 | 0 | 0.13 | 18.18 | -316.88 | 0 | 41.11 | 31.64 | 88.09 | -12.64 | 11.91 | 0 | 4.00 | 20.64 | 120.43 | -21.97 |
| 2019 (6) | -3.85 | 0 | 79.82 | 0 | -277.80 | 0 | 43.79 | -78.92 | -275.49 | 0 | -275.77 | 0 | -35.67 | 0 | -29.04 | 0 | 0.11 | 1000.0 | -227.78 | 0 | 31.23 | 131.85 | 100.83 | -0.7 | -0.83 | 0 | 3.31 | 480.62 | 154.34 | -87.95 |
| 2018 (5) | -4.76 | 0 | -8.23 | 0 | -4020.77 | 0 | 207.69 | -85.92 | -3960.85 | 0 | -3963.10 | 0 | -35.07 | 0 | -32.08 | 0 | 0.01 | 0 | -3765.38 | 0 | 13.47 | 120.1 | 101.54 | -0.4 | -1.54 | 0 | 0.57 | 0 | 1280.63 | -82.21 |
| 2017 (4) | -4.01 | 0 | 106.49 | 34.41 | -22044.00 | 0 | 1475.00 | 25.0 | -21618.50 | 0 | -21618.50 | 0 | -22.58 | 0 | -21.32 | 0 | 0.00 | 0 | -20175.00 | 0 | 6.12 | 14.61 | 101.95 | 1.47 | -1.95 | 0 | 0.00 | 0 | 7196.58 | 32.3 |
| 2016 (3) | -4.14 | 0 | 79.23 | 0 | -15506.70 | 0 | 1180.00 | 144.14 | -15437.90 | 0 | -15437.90 | 0 | -34.07 | 0 | -30.45 | 0 | 0.00 | 0 | -15580.00 | 0 | 5.34 | -89.51 | 100.47 | -0.58 | -0.47 | 0 | 0.00 | 0 | 5439.69 | 72.28 |
| 2015 (2) | -4.50 | 0 | -262.89 | 0 | -7436.82 | 0 | 483.33 | 18.55 | -7362.16 | 0 | -7362.16 | 0 | -79.07 | 0 | -63.10 | 0 | 0.01 | 0.0 | -6458.33 | 0 | 50.91 | 293.13 | 101.06 | -0.12 | -1.06 | 0 | 0.00 | 0 | 3157.51 | 37.47 |
| 2014 (1) | -4.54 | 0 | 55.17 | 0 | -6465.05 | 0 | 407.69 | 763.35 | -6387.44 | 0 | -6387.44 | 0 | -47.42 | 0 | -44.09 | 0 | 0.01 | -80.0 | -6015.38 | 0 | 12.95 | 253.83 | 101.17 | -0.17 | -1.17 | 0 | 0.00 | 0 | 2296.89 | 327.99 |
