- 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) | -0.09 | 86.76 | 87.14 | 21.76 | 288.57 | 104.51 | -5.05 | 86.03 | 80.05 | -5.03 | 85.38 | 82.34 | -5.03 | 85.38 | 82.34 | -0.67 | 81.02 | 81.34 | -0.31 | 84.18 | 80.25 | 0.08 | 33.33 | 33.33 | 14.29 | 316.52 | 279.05 | 64.20 | -4.04 | -34.43 | 100.00 | -4.23 | 11.11 | -0.00 | 100.0 | -100.0 | 42.16 | -25.37 | -16.65 |
| 24Q2 (19) | -0.68 | -47.83 | 38.18 | 5.60 | -59.8 | 170.18 | -36.16 | -50.17 | 16.59 | -34.41 | -64.17 | 12.47 | -34.41 | -64.17 | 12.24 | -3.53 | -42.34 | 32.5 | -1.96 | -59.35 | 18.67 | 0.06 | 0.0 | -14.29 | -6.60 | -234.97 | 17.5 | 66.90 | -9.89 | -36.3 | 104.41 | -9.12 | -5.28 | -4.41 | 70.38 | 56.86 | 56.49 | 18.63 | 17.52 |
| 24Q1 (18) | -0.46 | 19.3 | 50.0 | 13.93 | 25.5 | 1909.09 | -24.08 | -26.21 | 27.62 | -20.96 | -16.12 | 36.64 | -20.96 | -15.8 | 36.64 | -2.48 | 9.16 | 42.33 | -1.23 | 4.65 | 33.51 | 0.06 | -25.0 | 0.0 | 4.89 | 35.08 | 384.3 | 74.24 | -20.01 | -26.44 | 114.89 | 8.39 | 14.89 | -14.89 | -148.23 | 0 | 47.62 | 12.47 | 8.87 |
| 23Q4 (17) | -0.57 | 18.57 | 76.92 | 11.10 | 4.32 | 150.0 | -19.08 | 24.61 | 14.44 | -18.05 | 36.62 | 75.45 | -18.10 | 36.45 | 75.08 | -2.73 | 23.96 | 73.13 | -1.29 | 17.83 | 70.07 | 0.08 | 33.33 | 33.33 | 3.62 | -3.98 | 108.5 | 92.81 | -5.21 | -28.6 | 106.00 | 17.78 | 249.8 | -6.00 | -151.43 | -108.61 | 42.34 | -16.29 | 3.93 |
| 23Q3 (16) | -0.70 | 36.36 | -180.0 | 10.64 | 233.33 | -14.33 | -25.31 | 41.61 | -198.82 | -28.48 | 27.55 | -954.81 | -28.48 | 27.37 | -532.89 | -3.59 | 31.36 | -443.94 | -1.57 | 34.85 | -1107.69 | 0.06 | -14.29 | -14.29 | 3.77 | 147.12 | -85.07 | 97.91 | -6.78 | -20.83 | 90.00 | -18.35 | -71.2 | 11.67 | 214.07 | 105.49 | 50.58 | 5.22 | 50.85 |
| 23Q2 (15) | -1.10 | -19.57 | -129.17 | -7.98 | -936.36 | -165.95 | -43.35 | -30.3 | -241.07 | -39.31 | -18.83 | -388.93 | -39.21 | -18.53 | -396.96 | -5.23 | -21.63 | -268.31 | -2.41 | -30.27 | -391.84 | 0.07 | 16.67 | -12.5 | -8.00 | -365.12 | -158.35 | 105.03 | 4.07 | -16.01 | 110.23 | 10.23 | -29.64 | -10.23 | 0 | 81.95 | 48.07 | 9.9 | 28.63 |
| 23Q1 (14) | -0.92 | 62.75 | 30.83 | -0.77 | -117.34 | 92.5 | -33.27 | -49.19 | 25.37 | -33.08 | 55.01 | 16.32 | -33.08 | 54.46 | 16.32 | -4.30 | 57.68 | 12.07 | -1.85 | 57.08 | 13.95 | 0.06 | 0.0 | 0.0 | -1.72 | 95.96 | 81.97 | 100.92 | -22.36 | -12.52 | 100.00 | 230.0 | -11.11 | -0.00 | -100.0 | 100.0 | 43.74 | 7.36 | -24.31 |
| 22Q4 (13) | -2.47 | -888.0 | -18.75 | 4.44 | -64.25 | 1950.0 | -22.30 | -163.28 | 56.09 | -73.52 | -2622.96 | -37.06 | -72.64 | -1514.22 | -24.88 | -10.16 | -1439.39 | -47.03 | -4.31 | -3215.38 | -28.66 | 0.06 | -14.29 | 0.0 | -42.59 | -268.67 | -64.12 | 129.99 | 5.11 | 15.23 | 30.30 | -90.3 | -67.87 | 69.70 | 132.8 | 1303.9 | 40.74 | 21.5 | -26.95 |
| 22Q3 (12) | -0.25 | 47.92 | 78.99 | 12.42 | 2.64 | -35.75 | -8.47 | 33.36 | 66.64 | -2.70 | 66.42 | 89.88 | -4.50 | 42.97 | 83.83 | -0.66 | 53.52 | 85.03 | -0.13 | 73.47 | 93.75 | 0.07 | -12.5 | -12.5 | 25.25 | 84.17 | 587.45 | 123.67 | -1.1 | 39.61 | 312.50 | 99.47 | 231.33 | -212.50 | -275.0 | -4775.0 | 33.53 | -10.28 | -35.13 |
| 22Q2 (11) | -0.48 | 63.91 | 4.0 | 12.10 | 217.93 | -52.64 | -12.71 | 71.49 | -282.83 | -8.04 | 79.66 | 4.74 | -7.89 | 80.04 | 30.3 | -1.42 | 70.96 | 24.87 | -0.49 | 77.21 | 37.97 | 0.08 | 33.33 | 0.0 | 13.71 | 243.71 | 1.41 | 125.05 | 8.4 | 7.17 | 156.67 | 39.26 | 284.55 | -56.67 | -353.33 | -195.62 | 37.37 | -35.33 | -24.93 |
| 22Q1 (10) | -1.33 | 36.06 | -454.17 | -10.26 | -4175.0 | -143.44 | -44.58 | 12.23 | -1173.71 | -39.53 | 26.3 | -1066.08 | -39.53 | 32.04 | -713.37 | -4.89 | 29.23 | -455.68 | -2.15 | 35.82 | -514.29 | 0.06 | 0.0 | -40.0 | -9.54 | 63.24 | -161.0 | 115.36 | 2.26 | 15.06 | 112.50 | 19.27 | 3.85 | -12.50 | -351.79 | 0 | 57.79 | 3.62 | 37.53 |
| 21Q4 (9) | -2.08 | -74.79 | -303.92 | -0.24 | -101.24 | -100.64 | -50.79 | -100.04 | -282.7 | -53.64 | -100.97 | -307.34 | -58.17 | -109.02 | -440.77 | -6.91 | -56.69 | -302.05 | -3.35 | -61.06 | -262.62 | 0.06 | -25.0 | -45.45 | -25.95 | -400.97 | -160.5 | 112.81 | 27.35 | 44.35 | 94.33 | 0.01 | -12.53 | 4.96 | 9.22 | 163.3 | 55.77 | 7.89 | 45.31 |
| 21Q3 (8) | -1.19 | -138.0 | -483.87 | 19.33 | -24.34 | -47.84 | -25.39 | -664.76 | -359.88 | -26.69 | -216.23 | -447.98 | -27.83 | -145.85 | -688.37 | -4.41 | -133.33 | -497.3 | -2.08 | -163.29 | -381.08 | 0.08 | 0.0 | -42.86 | -5.18 | -138.31 | -123.42 | 88.58 | -24.08 | 22.47 | 94.32 | 131.51 | -25.42 | 4.55 | -92.33 | 117.17 | 51.69 | 3.84 | 64.67 |
| 21Q2 (7) | -0.50 | -108.33 | -206.38 | 25.55 | 8.17 | -35.8 | -3.32 | 5.14 | -129.94 | -8.44 | -148.97 | -184.99 | -11.32 | -132.92 | -262.64 | -1.89 | -114.77 | -207.39 | -0.79 | -125.71 | -171.82 | 0.08 | -20.0 | -42.86 | 13.52 | -13.55 | -42.05 | 116.68 | 16.38 | 54.28 | 40.74 | -62.39 | -63.25 | 59.26 | 0 | 645.19 | 49.78 | 18.47 | 0 |
| 21Q1 (6) | -0.24 | -123.53 | -700.0 | 23.62 | -36.71 | -32.4 | -3.50 | -112.59 | -401.72 | -3.39 | -113.1 | -4337.5 | -4.86 | -128.47 | -836.36 | -0.88 | -125.73 | -728.57 | -0.35 | -116.99 | -294.44 | 0.10 | -9.09 | -9.09 | 15.64 | -63.53 | -1.64 | 100.26 | 28.29 | 30.09 | 108.33 | 0.45 | 0 | -0.00 | 100.0 | 0 | 42.02 | 9.48 | 26.03 |
| 20Q4 (5) | 1.02 | 229.03 | 251.72 | 37.32 | 0.7 | 16.48 | 27.80 | 184.54 | 611.0 | 25.87 | 237.29 | 9481.48 | 17.07 | 260.89 | 245.55 | 3.42 | 208.11 | 202.65 | 2.06 | 178.38 | 190.14 | 0.11 | -21.43 | -15.38 | 42.89 | 93.9 | 206.8 | 78.15 | 8.05 | -16.34 | 107.84 | -14.73 | -93.26 | -7.84 | 70.37 | 99.48 | 38.38 | 22.27 | 0 |
| 20Q3 (4) | 0.31 | -34.04 | 0.0 | 37.06 | -6.88 | 0.0 | 9.77 | -11.9 | 0.0 | 7.67 | -22.76 | 0.0 | 4.73 | -32.04 | 0.0 | 1.11 | -36.93 | 0.0 | 0.74 | -32.73 | 0.0 | 0.14 | 0.0 | 0.0 | 22.12 | -5.19 | 0.0 | 72.33 | -4.36 | 0.0 | 126.47 | 14.07 | 0.0 | -26.47 | -143.53 | 0.0 | 31.39 | 0 | 0.0 |
| 20Q2 (3) | 0.47 | 1075.0 | 0.0 | 39.80 | 13.91 | 0.0 | 11.09 | 856.03 | 0.0 | 9.93 | 12312.5 | 0.0 | 6.96 | 954.55 | 0.0 | 1.76 | 1157.14 | 0.0 | 1.10 | 511.11 | 0.0 | 0.14 | 27.27 | 0.0 | 23.33 | 46.73 | 0.0 | 75.63 | -1.87 | 0.0 | 110.87 | 0 | 0.0 | -10.87 | 0 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | 0.04 | -86.21 | 0.0 | 34.94 | 9.05 | 0.0 | 1.16 | -70.33 | 0.0 | 0.08 | -70.37 | 0.0 | 0.66 | -86.64 | 0.0 | 0.14 | -87.61 | 0.0 | 0.18 | -74.65 | 0.0 | 0.11 | -15.38 | 0.0 | 15.90 | 13.73 | 0.0 | 77.07 | -17.49 | 0.0 | 0.00 | -100.0 | 0.0 | 0.00 | 100.0 | 0.0 | 33.34 | 0 | 0.0 |
| 19Q4 (1) | 0.29 | 0.0 | 0.0 | 32.04 | 0.0 | 0.0 | 3.91 | 0.0 | 0.0 | 0.27 | 0.0 | 0.0 | 4.94 | 0.0 | 0.0 | 1.13 | 0.0 | 0.0 | 0.71 | 0.0 | 0.0 | 0.13 | 0.0 | 0.0 | 13.98 | 0.0 | 0.0 | 93.41 | 0.0 | 0.0 | 1600.00 | 0.0 | 0.0 | -1500.00 | 0.0 | 0.0 | 0.00 | 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) | -3.24 | 0 | 3.55 | -36.61 | -29.73 | 0 | 25.08 | 7.17 | -29.14 | 0 | -29.13 | 0 | -14.74 | 0 | -6.42 | 0 | 0.24 | -14.29 | -0.32 | 0 | 92.81 | -28.6 | 102.18 | 38.97 | -2.18 | 0 | 0.19 | -33.76 | 45.90 | 10.34 |
| 2022 (9) | -4.53 | 0 | 5.60 | -68.98 | -20.73 | 0 | 23.40 | 17.1 | -28.23 | 0 | -28.43 | 0 | -17.30 | 0 | -7.19 | 0 | 0.28 | -9.68 | -1.16 | 0 | 129.99 | 15.23 | 73.53 | -18.2 | 26.47 | 152.42 | 0.29 | -18.54 | 41.60 | -15.65 |
| 2021 (8) | -4.02 | 0 | 18.05 | -51.71 | -18.92 | 0 | 19.98 | 45.57 | -21.10 | 0 | -23.47 | 0 | -14.33 | 0 | -6.87 | 0 | 0.31 | -34.04 | 1.11 | -95.71 | 112.81 | 44.35 | 89.89 | -21.72 | 10.49 | 0 | 0.35 | -16.14 | 49.32 | 49.59 |
| 2020 (7) | 1.85 | 5.71 | 37.38 | -3.21 | 12.35 | 5.47 | 13.73 | 0.12 | 10.78 | 9.11 | 7.28 | -15.64 | 6.38 | -3.63 | 3.83 | -8.37 | 0.47 | 4.44 | 25.86 | 4.4 | 78.15 | -16.34 | 114.84 | -2.78 | -14.84 | 0 | 0.42 | -6.2 | 32.97 | -2.89 |
| 2019 (6) | 1.75 | -23.91 | 38.62 | -4.43 | 11.71 | -29.29 | 13.71 | 45.12 | 9.88 | -40.87 | 8.63 | -26.3 | 6.62 | -27.65 | 4.18 | -36.86 | 0.45 | -16.67 | 24.77 | -8.56 | 93.41 | 104.49 | 118.12 | 19.31 | -18.84 | 0 | 0.45 | -22.66 | 33.95 | 7.1 |
| 2018 (5) | 2.30 | -49.78 | 40.41 | -24.04 | 16.56 | -54.33 | 9.45 | 53.0 | 16.71 | -50.95 | 11.71 | -51.57 | 9.15 | -65.79 | 6.62 | -62.13 | 0.54 | -23.94 | 27.09 | -33.99 | 45.68 | 7.53 | 99.00 | -6.98 | 1.00 | 0 | 0.58 | 31.72 | 31.70 | 28.5 |
| 2017 (4) | 4.58 | 5.53 | 53.20 | 0.89 | 36.26 | 38.61 | 6.18 | -23.79 | 34.07 | 27.32 | 24.18 | 20.0 | 26.75 | -16.56 | 17.48 | 2.28 | 0.71 | -14.46 | 41.04 | 15.38 | 42.48 | -51.36 | 106.43 | 8.85 | -6.43 | 0 | 0.44 | 0 | 24.67 | -31.68 |
| 2016 (3) | 4.34 | -55.17 | 52.73 | 13.23 | 26.16 | -16.37 | 8.10 | 145.78 | 26.76 | -13.4 | 20.15 | -21.38 | 32.06 | -52.46 | 17.09 | -50.0 | 0.83 | -36.15 | 35.57 | 1.17 | 87.34 | -21.82 | 97.78 | -3.94 | 2.22 | 0 | 0.00 | 0 | 36.11 | 90.86 |
| 2015 (2) | 9.68 | 656.25 | 46.57 | 73.12 | 31.28 | 366.87 | 3.30 | -34.07 | 30.90 | 362.57 | 25.63 | 382.67 | 67.44 | 396.98 | 34.18 | 286.21 | 1.30 | -9.09 | 35.16 | 155.71 | 111.71 | 46.87 | 101.79 | 1.79 | -1.79 | 0 | 0.00 | 0 | 18.92 | -35.01 |
| 2014 (1) | 1.28 | 0 | 26.90 | 0 | 6.70 | 0 | 5.00 | 0 | 6.68 | 0 | 5.31 | 0 | 13.57 | 0 | 8.85 | 0 | 1.43 | 0 | 13.75 | 0 | 76.06 | -8.38 | 100.00 | 0 | 0.00 | 0 | 0.00 | 0 | 29.11 | 0 |
