- 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) | -1.36 | 18.56 | -1136.36 | 14.78 | 338.39 | 955.71 | -44.86 | 55.62 | 26.68 | -53.43 | 31.54 | -383.53 | -47.03 | 35.3 | -1527.34 | -2.90 | 16.67 | -1350.0 | -1.49 | 22.4 | -2383.33 | 0.03 | 0.0 | -25.0 | -30.05 | 39.54 | -354.45 | 93.15 | 15.76 | 32.2 | 84.21 | -35.0 | -84.78 | 15.79 | 153.44 | 103.48 | 43.61 | -17.73 | 19.74 |
| 24Q2 (19) | -1.67 | -70.41 | -59.05 | -6.20 | -135.05 | -289.6 | -101.09 | -13.55 | -238.77 | -78.04 | -91.89 | -743.68 | -72.69 | -81.68 | -284.81 | -3.48 | -74.0 | -74.87 | -1.92 | -77.78 | -72.97 | 0.03 | 0.0 | -50.0 | -49.70 | -257.81 | -877.78 | 80.47 | 16.76 | 12.55 | 129.55 | -40.89 | -59.32 | -29.55 | 75.21 | 86.63 | 53.01 | -14.86 | 109.61 |
| 24Q1 (18) | -0.98 | 69.28 | -25.64 | 17.69 | 233.15 | -0.79 | -89.03 | -46.82 | -451.61 | -40.67 | 66.08 | -134.95 | -40.01 | 55.51 | -174.04 | -2.00 | 68.3 | -40.85 | -1.08 | 69.75 | -33.33 | 0.03 | -25.0 | -50.0 | -13.89 | 85.73 | -5456.0 | 68.92 | -11.75 | -3.05 | 219.18 | 334.19 | 132.88 | -119.18 | -340.66 | -1720.82 | 62.26 | 64.53 | 123.55 |
| 23Q4 (17) | -3.19 | -2800.0 | -3090.0 | 5.31 | 279.29 | -83.08 | -60.64 | 0.88 | -497.64 | -119.91 | -985.16 | -16304.05 | -89.93 | -3011.76 | -4441.92 | -6.31 | -3055.0 | -3405.56 | -3.57 | -5850.0 | -4362.5 | 0.04 | 0.0 | -20.0 | -97.32 | -924.05 | -603.73 | 78.10 | 10.84 | 25.6 | 50.48 | -90.88 | -97.39 | 49.52 | 110.92 | 102.65 | 37.84 | 3.9 | 815.31 |
| 23Q3 (16) | -0.11 | 89.52 | -103.3 | 1.40 | -57.19 | -95.65 | -61.18 | -105.03 | -1036.91 | -11.05 | -19.46 | -129.08 | -2.89 | 84.7 | -109.27 | -0.20 | 89.95 | -103.38 | -0.06 | 94.59 | -101.79 | 0.04 | -33.33 | -63.64 | 11.81 | 84.82 | -74.78 | 70.46 | -1.45 | -1.95 | 553.33 | 73.77 | 3144.05 | -453.33 | -105.08 | -648.77 | 36.42 | 44.01 | 25.41 |
| 23Q2 (15) | -1.05 | -34.62 | -124.71 | 3.27 | -81.66 | -90.58 | -29.84 | -84.88 | -276.26 | -9.25 | 46.56 | -136.27 | -18.89 | -29.38 | -189.02 | -1.99 | -40.14 | -125.38 | -1.11 | -37.04 | -128.46 | 0.06 | 0.0 | -66.67 | 6.39 | 2656.0 | -78.81 | 71.50 | 0.58 | -14.55 | 318.42 | 238.32 | 379.55 | -221.05 | -3106.32 | -757.89 | 25.29 | -9.19 | 58.06 |
| 23Q1 (14) | -0.78 | -680.0 | -115.06 | 17.83 | -43.18 | -50.73 | -16.14 | -205.84 | -180.46 | -17.31 | -2439.19 | -168.12 | -14.60 | -637.37 | -169.66 | -1.42 | -688.89 | -114.82 | -0.81 | -912.5 | -118.41 | 0.06 | 20.0 | -71.43 | -0.25 | -101.29 | -100.86 | 71.09 | 14.33 | -41.18 | 94.12 | -95.13 | 19.46 | 7.35 | 100.39 | -64.98 | 27.85 | 626.47 | 93.54 |
| 22Q4 (13) | -0.10 | -103.0 | -102.23 | 31.38 | -2.58 | -23.56 | 15.25 | 133.54 | -33.49 | 0.74 | -98.05 | -96.93 | -1.98 | -106.35 | -110.11 | -0.18 | -103.05 | -102.12 | -0.08 | -102.39 | -102.05 | 0.05 | -54.55 | -75.0 | 19.32 | -58.74 | -31.8 | 62.18 | -13.47 | -46.08 | 1933.33 | 11234.64 | 1936.44 | -1866.67 | -2359.65 | -36966.67 | -5.29 | -118.22 | -134.85 |
| 22Q3 (12) | 3.33 | -21.65 | -25.34 | 32.21 | -7.23 | -21.78 | 6.53 | -61.43 | -74.51 | 38.00 | 49.02 | 44.82 | 31.16 | 46.84 | 46.43 | 5.91 | -24.62 | -35.2 | 3.35 | -14.1 | -24.72 | 0.11 | -38.89 | -47.62 | 46.82 | 55.24 | 52.56 | 71.86 | -14.11 | -41.28 | 17.06 | -74.31 | -82.5 | 82.61 | 145.86 | 3543.96 | 29.04 | 81.5 | 41.8 |
| 22Q2 (11) | 4.25 | -17.95 | 65.37 | 34.72 | -4.06 | -9.18 | 16.93 | -15.6 | -7.84 | 25.50 | 0.35 | 55.39 | 21.22 | 1.24 | 57.89 | 7.84 | -18.16 | 45.19 | 3.90 | -11.36 | 35.89 | 0.18 | -14.29 | -14.29 | 30.16 | 3.61 | 42.13 | 83.67 | -30.77 | -6.18 | 66.40 | -15.72 | -40.66 | 33.60 | 60.03 | 382.49 | 16.00 | 11.19 | 99.5 |
| 22Q1 (10) | 5.18 | 15.37 | 108.03 | 36.19 | -11.84 | -3.16 | 20.06 | -12.52 | 13.59 | 25.41 | 5.3 | 55.7 | 20.96 | 6.99 | 44.95 | 9.58 | 12.97 | 62.37 | 4.40 | 12.82 | 44.26 | 0.21 | 5.0 | 0.0 | 29.11 | 2.75 | 34.09 | 120.86 | 4.8 | 33.96 | 78.79 | -17.01 | -27.24 | 21.00 | 314.66 | 353.26 | 14.39 | -5.2 | -9.1 |
| 21Q4 (9) | 4.49 | 0.67 | 98.67 | 41.05 | -0.32 | -4.84 | 22.93 | -10.5 | 6.06 | 24.13 | -8.04 | 23.05 | 19.59 | -7.94 | 13.76 | 8.48 | -7.02 | 31.47 | 3.90 | -12.36 | 14.37 | 0.20 | -4.76 | 0.0 | 28.33 | -7.69 | 13.59 | 115.32 | -5.77 | 12.05 | 94.94 | -2.61 | -14.06 | 5.06 | 123.35 | 148.38 | 15.18 | -25.88 | 147.63 |
| 21Q3 (8) | 4.46 | 73.54 | 281.2 | 41.18 | 7.72 | 23.96 | 25.62 | 39.47 | 62.87 | 26.24 | 59.9 | 76.58 | 21.28 | 58.33 | 72.45 | 9.12 | 68.89 | 154.75 | 4.45 | 55.05 | 137.97 | 0.21 | 0.0 | 40.0 | 30.69 | 44.63 | 45.87 | 122.38 | 37.23 | 54.33 | 97.48 | -12.88 | -7.39 | 2.27 | 119.06 | 135.89 | 20.48 | 155.36 | 15.84 |
| 21Q2 (7) | 2.57 | 3.21 | 295.38 | 38.23 | 2.3 | 17.52 | 18.37 | 4.02 | 71.84 | 16.41 | 0.55 | 108.25 | 13.44 | -7.05 | 131.33 | 5.40 | -8.47 | 179.79 | 2.87 | -5.9 | 187.0 | 0.21 | 0.0 | 31.25 | 21.22 | -2.26 | 60.51 | 89.18 | -1.15 | -23.23 | 111.89 | 3.33 | -17.48 | -11.89 | -43.47 | 66.58 | 8.02 | -49.34 | -40.5 |
| 21Q1 (6) | 2.49 | 10.18 | 139.42 | 37.37 | -13.38 | 39.54 | 17.66 | -18.32 | 127.58 | 16.32 | -16.78 | 87.59 | 14.46 | -16.03 | 86.34 | 5.90 | -8.53 | 98.65 | 3.05 | -10.56 | 85.98 | 0.21 | 5.0 | 0.0 | 21.71 | -12.95 | 70.68 | 90.22 | -12.34 | -4.47 | 108.29 | -1.97 | 22.41 | -8.29 | 20.78 | -180.83 | 15.83 | 158.24 | 32.25 |
| 20Q4 (5) | 2.26 | 93.16 | 402.22 | 43.14 | 29.86 | 35.83 | 21.62 | 37.44 | 119.94 | 19.61 | 31.97 | 816.36 | 17.22 | 39.55 | 410.98 | 6.45 | 80.17 | 396.15 | 3.41 | 82.35 | 373.61 | 0.20 | 33.33 | 0.0 | 24.94 | 18.54 | 287.87 | 102.92 | 29.79 | 37.39 | 110.47 | 4.94 | -76.23 | -10.47 | -65.7 | 97.13 | 6.13 | -65.33 | 0 |
| 20Q3 (4) | 1.17 | 80.0 | 0.0 | 33.22 | 2.12 | 0.0 | 15.73 | 47.15 | 0.0 | 14.86 | 88.58 | 0.0 | 12.34 | 112.39 | 0.0 | 3.58 | 85.49 | 0.0 | 1.87 | 87.0 | 0.0 | 0.15 | -6.25 | 0.0 | 21.04 | 59.15 | 0.0 | 79.30 | -31.73 | 0.0 | 105.26 | -22.37 | 0.0 | -6.32 | 82.26 | 0.0 | 17.68 | 31.16 | 0.0 |
| 20Q2 (3) | 0.65 | -37.5 | 0.0 | 32.53 | 21.47 | 0.0 | 10.69 | 37.76 | 0.0 | 7.88 | -9.43 | 0.0 | 5.81 | -25.13 | 0.0 | 1.93 | -35.02 | 0.0 | 1.00 | -39.02 | 0.0 | 0.16 | -23.81 | 0.0 | 13.22 | 3.93 | 0.0 | 116.16 | 23.0 | 0.0 | 135.59 | 53.28 | 0.0 | -35.59 | -447.03 | 0.0 | 13.48 | 12.61 | 0.0 |
| 20Q1 (2) | 1.04 | 131.11 | 0.0 | 26.78 | -15.68 | 0.0 | 7.76 | -21.06 | 0.0 | 8.70 | 306.54 | 0.0 | 7.76 | 130.27 | 0.0 | 2.97 | 128.46 | 0.0 | 1.64 | 127.78 | 0.0 | 0.21 | 5.0 | 0.0 | 12.72 | 97.82 | 0.0 | 94.44 | 26.07 | 0.0 | 88.46 | -80.96 | 0.0 | 10.26 | 102.81 | 0.0 | 11.97 | 0 | 0.0 |
| 19Q4 (1) | 0.45 | 0.0 | 0.0 | 31.76 | 0.0 | 0.0 | 9.83 | 0.0 | 0.0 | 2.14 | 0.0 | 0.0 | 3.37 | 0.0 | 0.0 | 1.30 | 0.0 | 0.0 | 0.72 | 0.0 | 0.0 | 0.20 | 0.0 | 0.0 | 6.43 | 0.0 | 0.0 | 74.91 | 0.0 | 0.0 | 464.71 | 0.0 | 0.0 | -364.71 | 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) | -5.13 | 0 | 7.60 | -78.03 | -38.19 | 0 | 17.54 | 192.88 | -33.67 | 0 | -28.28 | 0 | -9.62 | 0 | -5.49 | 0 | 0.20 | -65.52 | -14.77 | 0 | 78.10 | 25.6 | 113.36 | 78.59 | -13.36 | 0 | 0.22 | 112.03 | 30.77 | 94.5 |
| 2022 (9) | 12.66 | -9.44 | 34.59 | -12.74 | 16.23 | -24.34 | 5.99 | 35.29 | 25.54 | 20.47 | 20.88 | 19.38 | 22.59 | -26.92 | 12.09 | -18.14 | 0.58 | -30.95 | 31.76 | 22.91 | 62.18 | -46.08 | 63.48 | -37.25 | 36.44 | 0 | 0.10 | 26.58 | 15.82 | 5.54 |
| 2021 (8) | 13.98 | 173.05 | 39.64 | 16.62 | 21.45 | 54.21 | 4.43 | -6.11 | 21.20 | 65.88 | 17.49 | 61.2 | 30.91 | 114.5 | 14.77 | 89.6 | 0.84 | 20.0 | 25.84 | 44.28 | 115.32 | 12.05 | 101.16 | -7.12 | -1.16 | 0 | 0.08 | -19.76 | 14.99 | 26.39 |
| 2020 (7) | 5.12 | -1.35 | 33.99 | 13.0 | 13.91 | 23.86 | 4.72 | 42.53 | 12.78 | 23.48 | 10.85 | 27.5 | 14.41 | -6.06 | 7.79 | 9.26 | 0.70 | -14.63 | 17.91 | 28.02 | 102.92 | 37.39 | 108.91 | 0.31 | -8.91 | 0 | 0.10 | -32.03 | 11.86 | 6.65 |
| 2019 (6) | 5.19 | -2.26 | 30.08 | -5.11 | 11.23 | 44.34 | 3.31 | 37.03 | 10.35 | -6.59 | 8.51 | -9.66 | 15.34 | -28.82 | 7.13 | -13.05 | 0.82 | -4.65 | 13.99 | 2.64 | 74.91 | -57.95 | 108.57 | 54.66 | -8.57 | 0 | 0.15 | 49.44 | 11.12 | 8.7 |
| 2018 (5) | 5.31 | -53.5 | 31.70 | -16.95 | 7.78 | -44.94 | 2.41 | 94.81 | 11.08 | -3.65 | 9.42 | -2.48 | 21.55 | -50.86 | 8.20 | -53.41 | 0.86 | -52.75 | 13.63 | 6.65 | 178.13 | 28.29 | 70.20 | -42.84 | 29.80 | 0 | 0.10 | -25.79 | 10.23 | 21.35 |
| 2017 (4) | 11.42 | 8.66 | 38.17 | -18.41 | 14.13 | -15.19 | 1.24 | -3.5 | 11.50 | -29.92 | 9.66 | -32.21 | 43.85 | -21.35 | 17.60 | -26.7 | 1.82 | 8.98 | 12.78 | -28.44 | 138.85 | -17.1 | 122.82 | 21.1 | -22.82 | 0 | 0.13 | 0 | 8.43 | -15.62 |
| 2016 (3) | 10.51 | 1921.15 | 46.78 | 31.59 | 16.66 | 1090.0 | 1.28 | -29.68 | 16.41 | 291.65 | 14.25 | 412.59 | 55.75 | 0 | 24.01 | 0 | 1.67 | 0 | 17.86 | 179.5 | 167.50 | 121.12 | 101.42 | 204.27 | -1.42 | 0 | 0.00 | 0 | 9.99 | -39.2 |
| 2015 (2) | 0.52 | 0 | 35.55 | 0 | 1.40 | 0 | 1.83 | 0 | 4.19 | 0 | 2.78 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 6.39 | 0 | 75.75 | 0 | 33.33 | 0 | 66.67 | 0 | 0.00 | 0 | 16.43 | 0 |
