- 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) | -1.24 | -85.07 | 9.49 | 35.53 | -18.73 | -12.51 | -56.61 | -2.7 | 4.02 | -68.28 | -92.39 | -17.18 | -66.81 | -88.68 | -14.79 | -3.63 | -77.94 | -9.34 | -3.26 | -80.11 | -10.51 | 0.05 | 0.0 | 0.0 | -47.83 | -198.94 | -30.01 | 9.97 | -13.68 | -5.77 | 82.54 | -45.97 | -18.77 | 17.46 | 131.43 | 1182.54 | 0.00 | -100.0 | -100.0 |
| 24Q2 (19) | -0.67 | 45.53 | 42.74 | 43.72 | -0.57 | 97.11 | -55.12 | 17.53 | 35.05 | -35.49 | 47.91 | 56.13 | -35.41 | 48.61 | 40.96 | -2.04 | 42.37 | 52.0 | -1.81 | 42.72 | 51.73 | 0.05 | 0.0 | -16.67 | -16.00 | 65.33 | 70.38 | 11.55 | 10.0 | -10.6 | 152.78 | 55.28 | 46.58 | -55.56 | -3544.44 | -1214.81 | 60.90 | -20.48 | -12.24 |
| 24Q1 (18) | -1.23 | 29.71 | 46.05 | 43.97 | 26.28 | 79.47 | -66.84 | -34.89 | 41.32 | -68.13 | -16.76 | 60.02 | -68.90 | -22.6 | 57.92 | -3.54 | 10.38 | 65.53 | -3.16 | 10.73 | 65.46 | 0.05 | -16.67 | -16.67 | -46.15 | -12.73 | 68.12 | 10.50 | -8.85 | 10.18 | 98.39 | 15.57 | 46.44 | 1.61 | -89.15 | -95.08 | 76.58 | 26.2 | -14.59 |
| 23Q4 (17) | -1.75 | -27.74 | -169.23 | 34.82 | -14.26 | -34.22 | -49.55 | 15.99 | -20.79 | -58.35 | -0.14 | -32.52 | -56.20 | 3.44 | -64.04 | -3.95 | -18.98 | -43.64 | -3.54 | -20.0 | -49.37 | 0.06 | 20.0 | -14.29 | -40.94 | -11.28 | -49.14 | 11.52 | 8.88 | -19.78 | 85.14 | -16.22 | -10.81 | 14.86 | 1021.62 | 63.51 | 60.68 | -4.74 | -2.77 |
| 23Q3 (16) | -1.37 | -17.09 | -1041.67 | 40.61 | 83.09 | -20.15 | -58.98 | 30.5 | -381.08 | -58.27 | 27.97 | -971.14 | -58.20 | 2.97 | -1266.2 | -3.32 | 21.88 | -564.0 | -2.95 | 21.33 | -637.5 | 0.05 | -16.67 | -50.0 | -36.79 | 31.9 | -651.57 | 10.58 | -18.11 | -35.01 | 101.61 | -2.51 | -54.84 | -1.61 | 61.83 | 98.71 | 63.70 | -8.2 | 39.66 |
| 23Q2 (15) | -1.17 | 48.68 | -56.0 | 22.18 | -9.47 | -22.42 | -84.86 | 25.5 | -647.67 | -80.90 | 52.53 | -338.72 | -59.98 | 63.37 | -287.97 | -4.25 | 58.62 | -67.32 | -3.75 | 59.02 | -82.93 | 0.06 | 0.0 | -53.85 | -54.02 | 62.68 | -368.11 | 12.92 | 35.57 | -46.94 | 104.23 | 55.13 | 66.76 | -4.23 | -112.88 | -111.27 | 69.39 | -22.61 | 174.05 |
| 23Q1 (14) | -2.28 | -250.77 | -222.58 | 24.50 | -53.71 | -58.21 | -113.90 | -177.67 | -501.91 | -170.42 | -287.05 | -592.26 | -163.73 | -377.9 | -675.91 | -10.27 | -273.45 | -308.32 | -9.15 | -286.08 | -325.93 | 0.06 | -14.29 | -57.14 | -144.74 | -427.29 | -479.7 | 9.53 | -33.64 | -55.76 | 67.19 | -29.61 | -17.88 | 32.81 | 260.94 | 80.47 | 89.66 | 43.66 | 257.07 |
| 22Q4 (13) | -0.65 | -441.67 | -135.33 | 52.93 | 4.07 | -9.86 | -41.02 | -234.58 | -237.14 | -44.03 | -709.38 | -244.88 | -34.26 | -704.23 | -241.05 | -2.75 | -450.0 | -158.51 | -2.37 | -492.5 | -161.08 | 0.07 | -30.0 | -56.25 | -27.45 | -511.54 | -183.33 | 14.36 | -11.79 | -36.23 | 95.45 | -57.58 | -2.67 | 9.09 | 107.27 | 372.73 | 62.41 | 36.83 | 170.99 |
| 22Q3 (12) | -0.12 | 84.0 | -106.86 | 50.86 | 77.89 | -16.21 | -12.26 | -8.02 | -140.48 | -5.44 | 70.5 | -117.37 | -4.26 | 72.45 | -116.96 | -0.50 | 80.31 | -108.14 | -0.40 | 80.49 | -108.13 | 0.10 | -23.08 | -50.0 | 6.67 | 157.8 | -80.11 | 16.28 | -33.14 | -20.31 | 225.00 | 260.0 | 129.59 | -125.00 | -433.33 | -3225.0 | 45.61 | 80.13 | 81.35 |
| 22Q2 (11) | -0.75 | -140.32 | -142.37 | 28.59 | -51.23 | -51.93 | -11.35 | -140.05 | -136.71 | -18.44 | -153.26 | -160.56 | -15.46 | -154.38 | -163.67 | -2.54 | -151.52 | -129.6 | -2.05 | -150.62 | -132.03 | 0.13 | -7.14 | -50.0 | -11.54 | -130.27 | -135.3 | 24.35 | 13.05 | -26.92 | 62.50 | -23.61 | -38.8 | 37.50 | 106.25 | 1862.5 | 25.32 | 0.84 | 11.94 |
| 22Q1 (10) | 1.86 | 1.09 | 36.76 | 58.62 | -0.17 | 6.02 | 28.34 | -5.25 | 9.29 | 34.62 | 13.92 | 34.29 | 28.43 | 17.04 | 37.81 | 4.93 | 4.89 | -31.72 | 4.05 | 4.38 | -25.0 | 0.14 | -12.5 | -46.15 | 38.12 | 15.73 | 33.9 | 21.54 | -4.35 | -39.22 | 81.82 | -16.58 | -18.18 | 18.18 | 845.45 | 0 | 25.11 | 9.03 | 8.33 |
| 21Q4 (9) | 1.84 | 5.14 | 80.39 | 58.72 | -3.26 | 11.32 | 29.91 | -1.25 | 31.76 | 30.39 | -2.94 | 42.81 | 24.29 | -3.3 | 42.3 | 4.70 | -23.45 | -22.31 | 3.88 | -21.14 | -15.47 | 0.16 | -20.0 | -40.74 | 32.94 | -1.79 | 33.96 | 22.52 | 10.23 | -31.22 | 98.08 | 0.08 | -8.93 | 1.92 | -51.92 | 125.0 | 23.03 | -8.43 | -4.04 |
| 21Q3 (8) | 1.75 | -1.13 | 139.73 | 60.70 | 2.05 | 17.18 | 30.29 | -2.04 | 46.75 | 31.31 | 2.82 | 60.48 | 25.12 | 3.46 | 60.92 | 6.14 | -28.44 | 26.6 | 4.92 | -23.13 | 32.61 | 0.20 | -23.08 | -16.67 | 33.54 | 2.6 | 39.75 | 20.43 | -38.69 | -35.51 | 98.00 | -4.04 | -6.67 | 4.00 | 288.0 | 180.0 | 25.15 | 11.18 | 2.24 |
| 21Q2 (7) | 1.77 | 30.15 | 210.53 | 59.48 | 7.58 | 27.56 | 30.92 | 19.24 | 140.06 | 30.45 | 18.11 | 82.34 | 24.28 | 17.69 | 70.75 | 8.58 | 18.84 | 124.61 | 6.40 | 18.52 | 107.12 | 0.26 | 0.0 | 18.18 | 32.69 | 14.82 | 37.3 | 33.32 | -5.98 | 7.14 | 102.13 | 2.13 | 29.98 | -2.13 | 0 | -109.93 | 22.62 | -2.42 | -7.14 |
| 21Q1 (6) | 1.36 | 33.33 | 0 | 55.29 | 4.82 | 0 | 25.93 | 14.23 | 0 | 25.78 | 21.15 | 0 | 20.63 | 20.86 | 0 | 7.22 | 19.34 | 0 | 5.40 | 17.65 | 0 | 0.26 | -3.7 | 0 | 28.47 | 15.78 | 0 | 35.44 | 8.25 | 0 | 100.00 | -7.14 | 0 | 0.00 | 100.0 | 0 | 23.18 | -3.42 | 0 |
| 20Q4 (5) | 1.02 | 39.73 | 0 | 52.75 | 1.83 | 0 | 22.70 | 9.98 | 0 | 21.28 | 9.07 | 0 | 17.07 | 9.35 | 0 | 6.05 | 24.74 | 0 | 4.59 | 23.72 | 0 | 0.27 | 12.5 | 0 | 24.59 | 2.46 | 0 | 32.74 | 3.35 | 0 | 107.69 | 2.56 | 0 | -7.69 | -53.85 | 0 | 24.00 | -2.44 | 0 |
| 20Q3 (4) | 0.73 | 28.07 | 0.0 | 51.80 | 11.09 | 0.0 | 20.64 | 60.25 | 0.0 | 19.51 | 16.83 | 0.0 | 15.61 | 9.77 | 0.0 | 4.85 | 26.96 | 0.0 | 3.71 | 20.06 | 0.0 | 0.24 | 9.09 | 0.0 | 24.00 | 0.8 | 0.0 | 31.68 | 1.86 | 0.0 | 105.00 | 33.64 | 0.0 | -5.00 | -123.33 | 0.0 | 24.60 | 0.99 | 0.0 |
| 20Q2 (3) | 0.57 | 0 | 0.0 | 46.63 | 0 | 0.0 | 12.88 | 0 | 0.0 | 16.70 | 0 | 0.0 | 14.22 | 0 | 0.0 | 3.82 | 0 | 0.0 | 3.09 | 0 | 0.0 | 0.22 | 0 | 0.0 | 23.81 | 0 | 0.0 | 31.10 | 0 | 0.0 | 78.57 | 0 | 0.0 | 21.43 | 0 | 0.0 | 24.36 | 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) | -6.38 | 0 | 32.38 | -31.28 | -67.68 | 0 | 13.41 | 227.31 | -75.56 | 0 | -68.98 | 0 | -20.62 | 0 | -18.25 | 0 | 0.27 | -41.3 | -53.91 | 0 | 11.52 | -19.78 | 89.67 | 348.34 | 10.33 | -87.08 | 34.60 | 375.06 | 66.73 | 99.67 |
| 2022 (9) | 1.40 | -78.76 | 47.12 | -19.69 | 0.14 | -99.52 | 4.10 | 96.31 | 1.20 | -95.95 | 1.15 | -95.15 | 0.63 | -97.32 | 0.59 | -96.86 | 0.46 | -41.77 | 8.92 | -72.35 | 14.36 | -36.23 | 20.00 | -79.78 | 80.00 | 7300.0 | 7.28 | 1045.5 | 33.42 | 42.15 |
| 2021 (8) | 6.59 | 229.5 | 58.67 | 15.54 | 29.39 | 106.83 | 2.09 | -52.15 | 29.63 | 102.95 | 23.70 | 99.16 | 23.47 | 96.9 | 18.76 | 101.94 | 0.79 | 2.6 | 32.26 | 54.13 | 22.52 | -31.22 | 98.92 | 0.94 | 1.08 | -45.95 | 0.64 | 51.63 | 23.51 | -15.52 |
| 2020 (7) | 2.00 | 3233.33 | 50.78 | 9.72 | 14.21 | 6078.26 | 4.36 | -42.17 | 14.60 | 2254.84 | 11.90 | 2280.0 | 11.92 | 3036.84 | 9.29 | 2344.74 | 0.77 | 26.23 | 20.93 | 75.88 | 32.74 | 26.8 | 98.00 | 96.0 | 2.00 | -96.0 | 0.42 | 0 | 27.83 | -16.68 |
| 2019 (6) | 0.06 | -96.25 | 46.28 | -15.98 | 0.23 | -98.16 | 7.54 | 72.83 | 0.62 | -95.87 | 0.50 | -95.48 | 0.38 | -96.15 | 0.38 | -95.23 | 0.61 | -15.28 | 11.90 | -46.28 | 25.82 | 16.31 | 50.00 | -39.19 | 50.00 | 221.43 | 0.00 | 0 | 33.40 | 6.57 |
| 2018 (5) | 1.60 | -67.35 | 55.08 | -2.65 | 12.53 | -49.64 | 4.36 | 49.19 | 15.03 | -36.88 | 11.06 | -54.86 | 9.86 | -73.02 | 7.97 | -72.45 | 0.72 | -38.98 | 22.15 | -20.27 | 22.20 | -11.76 | 82.22 | -21.65 | 15.56 | 0 | 0.00 | 0 | 31.34 | 38.92 |
| 2017 (4) | 4.90 | 143.78 | 56.58 | -0.6 | 24.88 | 46.01 | 2.92 | -46.2 | 23.81 | 37.79 | 24.50 | 41.78 | 36.54 | 8.72 | 28.93 | 10.29 | 1.18 | -22.37 | 27.78 | 18.87 | 25.16 | -14.25 | 104.94 | 8.32 | -4.94 | 0 | 0.00 | 0 | 22.56 | -24.04 |
| 2016 (3) | 2.01 | 0 | 56.92 | -8.97 | 17.04 | 0 | 5.43 | -51.86 | 17.28 | 0 | 17.28 | 0 | 33.61 | 0 | 26.23 | 0 | 1.52 | 111.11 | 23.37 | 0 | 29.34 | 13.41 | 96.88 | -10.58 | 0.00 | 0 | 0.00 | 0 | 29.70 | -51.1 |
| 2015 (2) | -0.79 | 0 | 62.53 | 0 | -21.70 | 0 | 11.29 | 0 | -19.58 | 0 | -19.58 | 0 | -17.14 | 0 | -14.10 | 0 | 0.72 | 0 | -4.84 | 0 | 25.87 | 44.93 | 108.33 | 0 | -8.33 | 0 | 0.00 | 0 | 60.74 | 0 |
| 2014 (1) | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 17.85 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 |
