- 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) | -1.40 | -441.46 | -89.19 | 43.26 | -26.8 | -49.83 | -1378.96 | -60.62 | -161.91 | -3632.25 | -571.27 | -384.26 | -3632.25 | -571.27 | -383.28 | -18.02 | -472.31 | -136.48 | -15.56 | -468.72 | -128.49 | 0.00 | -100.0 | -100.0 | -3816.67 | -605.14 | -426.44 | 17.12 | 17.02 | 38.4 | 38.10 | 134.44 | -45.96 | 62.34 | -70.4 | 111.26 | 441.89 | 79.6 | 344.24 |
| 24Q2 (19) | 0.41 | 157.75 | 144.09 | 59.10 | 91.26 | -25.98 | -858.53 | 52.62 | -10.91 | 770.73 | 129.25 | 171.79 | 770.73 | 129.25 | 171.79 | 4.84 | 156.54 | 155.19 | 4.22 | 157.03 | 153.49 | 0.01 | 0 | 0.0 | 755.56 | 126.28 | 171.96 | 14.63 | -3.88 | 25.69 | -110.61 | -261.13 | -253.84 | 210.61 | 571.66 | 649.37 | 246.04 | -52.78 | 137.28 |
| 24Q1 (18) | -0.71 | -2.9 | -179.78 | 30.90 | -61.15 | 72.63 | -1812.03 | -211.08 | -99.1 | -2634.80 | -307.08 | -245.98 | -2634.80 | -307.08 | -245.98 | -8.56 | -6.47 | -203.63 | -7.40 | -4.96 | -200.0 | 0.00 | -100.0 | 0 | -2875.00 | -357.96 | -254.36 | 15.22 | -4.52 | 43.58 | 68.64 | -23.73 | 235.41 | 31.36 | 213.56 | -79.19 | 521.02 | 392.6 | 131.7 |
| 23Q4 (17) | -0.69 | 6.76 | -387.5 | 79.53 | -7.76 | 18.77 | -582.50 | -10.63 | -34.6 | -647.25 | 13.71 | -411.52 | -647.25 | 13.88 | -411.52 | -8.04 | -5.51 | -539.34 | -7.05 | -3.52 | -535.19 | 0.01 | 0.0 | 0.0 | -627.78 | 13.41 | -351.11 | 15.94 | 28.86 | 23.37 | 90.00 | 27.67 | 143.55 | 10.00 | -66.11 | -96.74 | 105.77 | 6.33 | -11.92 |
| 23Q3 (16) | -0.74 | 20.43 | 22.11 | 86.22 | 7.99 | 60.35 | -526.51 | 31.98 | 71.06 | -750.06 | 30.13 | 77.75 | -751.58 | 29.99 | 77.71 | -7.62 | 13.11 | 17.98 | -6.81 | 13.69 | 17.65 | 0.01 | 0.0 | 0 | -725.00 | 30.95 | 75.67 | 12.37 | 6.27 | -0.96 | 70.49 | -1.95 | 31.64 | 29.51 | 4.99 | -35.58 | 99.47 | -4.07 | -72.54 |
| 23Q2 (15) | -0.93 | -204.49 | 22.5 | 79.84 | 346.03 | 167.38 | -774.09 | 14.95 | 62.33 | -1073.52 | -159.48 | 73.0 | -1073.52 | -159.48 | 73.0 | -8.77 | -206.17 | 17.34 | -7.89 | -206.62 | 17.21 | 0.01 | 0 | 0 | -1050.00 | -156.38 | 72.37 | 11.64 | 9.81 | -3.8 | 71.90 | 241.82 | 38.81 | 28.10 | -81.35 | -41.7 | 103.69 | -53.89 | -62.78 |
| 23Q1 (14) | 0.89 | 270.83 | 178.07 | 17.90 | -73.27 | -50.95 | -910.13 | -110.31 | 57.23 | 1804.88 | 768.69 | 127.36 | 1804.88 | 768.69 | 127.36 | 8.26 | 351.37 | 190.77 | 7.40 | 356.79 | 190.02 | 0.00 | -100.0 | 0 | 1862.50 | 645.0 | 131.22 | 10.60 | -17.96 | 0.86 | -50.69 | 75.47 | -256.31 | 150.69 | -50.86 | 123.03 | 224.87 | 87.27 | -63.11 |
| 22Q4 (13) | 0.24 | 125.26 | 111.01 | 66.96 | 24.53 | -17.19 | -432.76 | 76.22 | 70.92 | 207.77 | 106.16 | 106.37 | 207.77 | 106.16 | 106.37 | 1.83 | 119.7 | 111.8 | 1.62 | 119.59 | 111.51 | 0.01 | 0 | 0 | 250.00 | 108.39 | 107.81 | 12.92 | 3.44 | 18.97 | -206.67 | -485.94 | -551.91 | 306.67 | 569.48 | 465.09 | 120.08 | -66.85 | -27.92 |
| 22Q3 (12) | -0.95 | 20.83 | -130.65 | 53.77 | 80.07 | 84.27 | -1819.54 | 11.45 | 88.82 | -3371.50 | 15.2 | -104.56 | -3372.29 | 15.18 | -104.56 | -9.29 | 12.44 | -137.17 | -8.27 | 13.22 | -136.66 | 0.00 | 0 | 0 | -2980.00 | 21.58 | -106.25 | 12.49 | 3.22 | 30.38 | 53.55 | 3.39 | 343.83 | 45.81 | -4.98 | -62.44 | 362.19 | 29.99 | -87.84 |
| 22Q2 (11) | -1.20 | -5.26 | -62.16 | 29.86 | -18.17 | 32.48 | -2054.72 | 3.45 | 3.46 | -3975.95 | 39.72 | -53.89 | -3975.95 | 39.72 | -53.89 | -10.61 | -16.59 | -60.27 | -9.53 | -15.94 | -61.8 | 0.00 | 0 | 0 | -3800.00 | 36.31 | -46.15 | 12.10 | 15.13 | -1.55 | 51.79 | 59.7 | -37.62 | 48.21 | -28.66 | 169.95 | 278.62 | -54.29 | -13.47 |
| 22Q1 (10) | -1.14 | 47.71 | -347.83 | 36.49 | -54.87 | 44.4 | -2128.09 | -42.99 | 41.86 | -6595.60 | -102.29 | -326.02 | -6595.60 | -102.29 | -326.02 | -9.10 | 41.33 | -324.69 | -8.22 | 41.58 | -328.33 | 0.00 | 0 | 0 | -5966.67 | -86.46 | -257.02 | 10.51 | -3.22 | -15.92 | 32.43 | -29.08 | 125.95 | 67.57 | 24.51 | -69.77 | 609.51 | 265.87 | -10.2 |
| 21Q4 (9) | -2.18 | -170.32 | -211.43 | 80.86 | 177.11 | 31.5 | -1488.23 | 90.86 | -178.47 | -3260.46 | -104.41 | -419.62 | -3260.46 | -104.41 | -419.62 | -15.51 | -162.06 | -118.45 | -14.07 | -162.37 | -131.41 | 0.00 | 0 | -100.0 | -3200.00 | -106.71 | -489.47 | 10.86 | 13.36 | -14.76 | 45.73 | 308.23 | -46.01 | 54.27 | -55.5 | 254.83 | 166.59 | -94.41 | 50.76 |
| 21Q3 (8) | 3.10 | 518.92 | 875.0 | 29.18 | 29.46 | -85.81 | -16279.00 | -664.86 | -159.8 | 73957.90 | 2962.51 | 2282.66 | 73957.90 | 2962.51 | 2282.66 | 24.99 | 477.49 | 539.96 | 22.56 | 483.02 | 595.82 | 0.00 | 0 | 0 | 47700.00 | 1934.62 | 1355.26 | 9.58 | -22.05 | -60.53 | -21.96 | -126.45 | -111.73 | 121.96 | 582.99 | 243.3 | 2977.76 | 824.74 | 150.34 |
| 21Q2 (7) | -0.74 | -260.87 | -10.45 | 22.54 | -10.8 | -21.27 | -2128.36 | 41.85 | -34.85 | -2583.67 | -188.54 | -44.7 | -2583.67 | -188.54 | -44.7 | -6.62 | -263.46 | 24.77 | -5.89 | -263.61 | 14.76 | 0.00 | 0 | 0 | -2600.00 | -168.42 | -48.57 | 12.29 | -1.68 | -51.75 | 83.04 | 166.43 | -6.29 | 17.86 | -92.01 | 56.75 | 322.01 | -52.56 | 0 |
| 21Q1 (6) | 0.46 | 165.71 | 148.42 | 25.27 | -58.9 | -15.57 | -3660.39 | -584.9 | 25.0 | 2918.19 | 565.07 | 160.04 | 2918.19 | 565.07 | 160.04 | 4.05 | 157.04 | 136.06 | 3.60 | 159.21 | 140.96 | 0.00 | -100.0 | 0 | 3800.00 | 800.0 | 174.51 | 12.50 | -1.88 | -56.88 | -125.00 | -247.57 | -223.88 | 223.53 | 1361.54 | 0 | 678.75 | 514.25 | 0 |
| 20Q4 (5) | -0.70 | -75.0 | 14.63 | 61.49 | -70.1 | -28.71 | -534.44 | 91.47 | -1437.44 | -627.47 | 81.48 | -1140.79 | -627.47 | 81.48 | -950.69 | -7.10 | -25.0 | 18.95 | -6.08 | -33.63 | 17.28 | 0.01 | 0 | -91.67 | -542.86 | 85.71 | -1123.21 | 12.74 | -47.51 | -52.14 | 84.71 | -54.76 | 207.21 | 15.29 | 117.97 | -91.46 | 110.50 | -90.71 | 922.2 |
| 20Q3 (4) | -0.40 | 40.3 | 0.0 | 205.64 | 618.27 | 0.0 | -6265.93 | -297.01 | 0.0 | -3388.43 | -89.77 | 0.0 | -3388.43 | -89.77 | 0.0 | -5.68 | 35.45 | 0.0 | -4.55 | 34.15 | 0.0 | 0.00 | 0 | 0.0 | -3800.00 | -117.14 | 0.0 | 24.27 | -4.71 | 0.0 | 187.23 | 111.31 | 0.0 | -85.11 | -847.04 | 0.0 | 1189.50 | 0 | 0.0 |
| 20Q2 (3) | -0.67 | 29.47 | 0.0 | 28.63 | -4.34 | 0.0 | -1578.27 | 67.66 | 0.0 | -1785.54 | 63.26 | 0.0 | -1785.54 | 63.26 | 0.0 | -8.80 | 21.64 | 0.0 | -6.91 | 21.39 | 0.0 | 0.00 | 0 | 0.0 | -1750.00 | 65.69 | 0.0 | 25.47 | -12.14 | 0.0 | 88.61 | -12.18 | 0.0 | 11.39 | 0 | 0.0 | 0.00 | 0 | 0.0 |
| 20Q1 (2) | -0.95 | -15.85 | 0.0 | 29.93 | -65.3 | 0.0 | -4880.69 | -12313.94 | 0.0 | -4860.51 | -9511.45 | 0.0 | -4860.51 | -8038.83 | 0.0 | -11.23 | -28.2 | 0.0 | -8.79 | -19.59 | 0.0 | 0.00 | -100.0 | 0.0 | -5100.00 | -11391.66 | 0.0 | 28.99 | 8.9 | 0.0 | 100.90 | 227.7 | 0.0 | -0.00 | -100.0 | 0.0 | 0.00 | -100.0 | 0.0 |
| 19Q4 (1) | -0.82 | 0.0 | 0.0 | 86.25 | 0.0 | 0.0 | 39.96 | 0.0 | 0.0 | -50.57 | 0.0 | 0.0 | -59.72 | 0.0 | 0.0 | -8.76 | 0.0 | 0.0 | -7.35 | 0.0 | 0.0 | 0.12 | 0.0 | 0.0 | -44.38 | 0.0 | 0.0 | 26.62 | 0.0 | 0.0 | -79.01 | 0.0 | 0.0 | 179.01 | 0.0 | 0.0 | 10.81 | 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) | -1.47 | 0 | 72.88 | 33.36 | -660.23 | 0 | 12.28 | -44.74 | -439.39 | 0 | -439.83 | 0 | -16.16 | 0 | -14.13 | 0 | 0.03 | 200.0 | -398.25 | 0 | 15.94 | 23.37 | 150.40 | 147.72 | -50.40 | 0 | 0.06 | -95.78 | 120.14 | -50.43 |
| 2022 (9) | -3.05 | 0 | 54.65 | -4.06 | -1148.26 | 0 | 22.22 | -37.04 | -1893.42 | 0 | -1893.56 | 0 | -26.63 | 0 | -23.82 | 0 | 0.01 | 0.0 | -1785.19 | 0 | 12.92 | 18.97 | 60.71 | 0 | 39.48 | -92.79 | 1.43 | -23.57 | 242.35 | -35.62 |
| 2021 (8) | 0.64 | 0 | 56.96 | -6.27 | -2478.27 | 0 | 35.29 | -22.35 | 552.62 | 0 | 552.62 | 0 | 5.18 | 0 | 4.65 | 0 | 0.01 | 0.0 | 752.94 | 0 | 10.86 | -14.76 | -447.92 | 0 | 547.92 | 0 | 1.87 | -80.46 | 376.45 | 28.11 |
| 2020 (7) | -2.67 | 0 | 60.77 | -27.09 | -1577.55 | 0 | 45.45 | 501.4 | -1489.83 | 0 | -1489.83 | 0 | -24.54 | 0 | -20.75 | 0 | 0.01 | -92.31 | -1304.55 | 0 | 12.74 | -52.14 | 105.88 | 59.53 | -5.88 | 0 | 9.59 | -35.58 | 293.86 | 560.36 |
| 2019 (6) | -2.05 | 0 | 83.35 | 10.28 | -87.17 | 0 | 7.56 | -34.14 | -131.51 | 0 | -140.04 | 0 | -20.78 | 0 | -17.71 | 0 | 0.13 | 116.67 | -108.72 | 0 | 26.62 | 179.33 | 66.37 | -75.95 | 33.63 | 0 | 14.88 | -26.91 | 44.50 | -59.94 |
| 2018 (5) | -0.51 | 0 | 75.58 | 6.39 | -227.83 | 0 | 11.48 | -33.06 | -83.11 | 0 | -83.11 | 0 | -5.13 | 0 | -4.57 | 0 | 0.06 | 50.0 | -63.93 | 0 | 9.53 | -43.71 | 276.00 | 199.94 | -176.00 | 0 | 20.36 | 0 | 111.08 | -40.16 |
| 2017 (4) | -2.24 | 0 | 71.04 | -11.66 | -554.56 | 0 | 17.14 | -65.71 | -603.65 | 0 | -603.65 | 0 | -27.22 | 0 | -24.65 | 0 | 0.04 | 100.0 | -485.71 | 0 | 16.93 | 221.86 | 92.02 | -20.73 | 7.98 | 0 | 0.00 | 0 | 185.63 | -63.03 |
| 2016 (3) | -2.64 | 0 | 80.42 | 0.53 | -2145.95 | 0 | 50.00 | 0.0 | -1842.43 | 0 | -1842.43 | 0 | -32.33 | 0 | -30.86 | 0 | 0.02 | 100.0 | -1266.67 | 0 | 5.26 | 33.84 | 116.09 | 7.4 | -16.52 | 0 | 0.00 | 0 | 502.13 | -1.07 |
| 2015 (2) | -2.83 | 0 | 80.00 | 0 | -2667.93 | 0 | 50.00 | 0 | -2472.65 | 0 | -2472.65 | 0 | -37.54 | 0 | -35.96 | 0 | 0.01 | 0 | -1320.00 | 0 | 3.93 | -17.61 | 108.09 | 1.61 | -8.09 | 0 | 0.00 | 0 | 507.57 | 0 |
| 2014 (1) | -2.01 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | -25.35 | 0 | -24.63 | 0 | 0.00 | 0 | 0.00 | 0 | 4.77 | 873.47 | 106.37 | 51.58 | -5.73 | 0 | 0.00 | 0 | 0.00 | 0 |
