- 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) | -2.28 | -29.55 | -10.68 | -9.95 | -340.34 | -205.18 | -54.12 | -62.13 | 1.08 | -56.89 | -86.34 | -9.13 | -55.46 | -75.56 | -8.57 | -10.33 | -33.64 | -40.93 | -3.81 | -24.51 | -3.81 | 0.07 | -30.0 | 0.0 | -37.76 | -101.82 | 12.85 | 161.37 | 3.79 | 66.33 | 94.64 | -13.59 | -9.22 | 5.36 | 156.25 | 225.89 | 0.00 | -100.0 | -100.0 |
| 24Q2 (19) | -1.76 | -25.71 | -1157.14 | 4.14 | 143.53 | -87.37 | -33.38 | 26.86 | -228.87 | -30.53 | 20.2 | -682.82 | -31.59 | 14.3 | -1083.15 | -7.73 | -45.3 | -1477.55 | -3.06 | -34.8 | -1175.0 | 0.10 | 42.86 | 0.0 | -18.71 | 13.34 | -2301.18 | 155.47 | 26.66 | 71.02 | 109.52 | -6.9 | -54.37 | -9.52 | 46.03 | 93.2 | 31.05 | -29.24 | 6.77 |
| 24Q1 (18) | -1.40 | -259.09 | -683.33 | 1.70 | -91.33 | -93.29 | -45.64 | -287.74 | -1186.67 | -38.26 | -303.4 | -1136.86 | -36.86 | -282.93 | -1371.03 | -5.32 | -284.08 | -800.0 | -2.27 | -244.59 | -572.92 | 0.07 | 0.0 | -58.82 | -21.59 | -162.69 | -441.61 | 122.75 | 6.53 | 102.76 | 117.65 | -9.09 | 0.84 | -17.65 | 40.0 | -5.88 | 43.88 | 77.29 | 103.9 |
| 23Q4 (17) | 0.88 | 142.72 | -17.76 | 19.60 | 107.19 | -39.99 | 24.31 | 144.43 | 136.71 | 18.81 | 136.08 | 101.82 | 20.15 | 139.45 | 170.47 | 2.89 | 139.43 | -7.96 | 1.57 | 142.78 | -22.66 | 0.07 | 0.0 | -74.07 | 34.44 | 179.48 | 207.77 | 115.23 | 18.77 | 108.56 | 129.41 | 24.13 | 20.49 | -29.41 | -591.18 | -164.71 | 24.75 | -39.29 | 67.46 |
| 23Q3 (16) | -2.06 | -1371.43 | -210.75 | 9.46 | -71.13 | -73.16 | -54.71 | -439.01 | -413.17 | -52.13 | -1236.67 | -392.54 | -51.08 | -1813.11 | -459.97 | -7.33 | -1395.92 | -221.36 | -3.67 | -1429.17 | -196.07 | 0.07 | -30.0 | -74.07 | -43.33 | -5197.65 | -323.12 | 97.02 | 6.72 | 79.5 | 104.26 | -56.56 | 6.38 | -4.26 | 96.96 | -312.77 | 40.77 | 40.2 | 161.85 |
| 23Q2 (15) | -0.14 | -158.33 | -107.53 | 32.77 | 29.27 | 26.09 | -10.15 | -341.67 | -179.42 | -3.90 | -205.69 | -124.65 | -2.67 | -192.07 | -121.62 | -0.49 | -164.47 | -107.48 | -0.24 | -150.0 | -106.5 | 0.10 | -41.18 | -66.67 | 0.85 | -86.55 | -95.24 | 90.91 | 50.17 | 41.49 | 240.00 | 105.71 | 203.53 | -140.00 | -740.0 | -852.5 | 29.08 | 35.13 | 120.47 |
| 23Q1 (14) | 0.24 | -77.57 | -69.23 | 25.35 | -22.38 | 9.88 | 4.20 | -59.1 | -41.01 | 3.69 | -60.41 | -47.44 | 2.90 | -61.07 | -47.94 | 0.76 | -75.8 | -78.71 | 0.48 | -76.35 | -73.77 | 0.17 | -37.04 | -46.88 | 6.32 | -43.52 | -31.82 | 60.54 | 9.57 | -42.63 | 116.67 | 8.62 | 10.19 | -16.67 | -50.0 | 0 | 21.52 | 45.6 | 79.78 |
| 22Q4 (13) | 1.07 | -42.47 | -43.98 | 32.66 | -7.32 | 10.41 | 10.27 | -41.21 | -36.45 | 9.32 | -47.7 | -40.94 | 7.45 | -47.5 | -40.97 | 3.14 | -48.01 | -64.8 | 2.03 | -46.86 | -59.72 | 0.27 | 0.0 | -32.5 | 11.19 | -42.38 | -37.28 | 55.25 | 2.22 | -41.24 | 107.41 | 9.6 | 4.91 | -11.11 | -655.56 | -366.67 | 14.78 | -5.07 | 58.75 |
| 22Q3 (12) | 1.86 | 0.0 | 11.38 | 35.24 | 35.59 | 12.16 | 17.47 | 36.7 | 10.29 | 17.82 | 12.64 | 8.53 | 14.19 | 14.9 | 7.99 | 6.04 | -7.79 | -30.25 | 3.82 | 3.52 | -32.27 | 0.27 | -10.0 | -37.21 | 19.42 | 8.86 | 4.52 | 54.05 | -15.88 | -12.3 | 98.00 | 23.94 | 0.72 | 2.00 | -89.25 | -26.0 | 15.57 | 18.04 | 9.88 |
| 22Q2 (11) | 1.86 | 138.46 | 26.53 | 25.99 | 12.66 | -11.78 | 12.78 | 79.49 | -26.21 | 15.82 | 125.36 | -8.45 | 12.35 | 121.72 | -14.77 | 6.55 | 83.47 | -22.49 | 3.69 | 101.64 | -39.8 | 0.30 | -6.25 | -28.57 | 17.84 | 92.45 | -7.76 | 64.25 | -39.12 | 38.02 | 79.07 | -25.32 | -20.93 | 18.60 | 0 | 0 | 13.19 | 10.19 | -0.68 |
| 22Q1 (10) | 0.78 | -59.16 | 32.2 | 23.07 | -22.01 | 3.18 | 7.12 | -55.94 | 3.19 | 7.02 | -55.51 | -3.44 | 5.57 | -55.86 | 18.51 | 3.57 | -59.98 | 46.31 | 1.83 | -63.69 | -4.69 | 0.32 | -20.0 | -21.95 | 9.27 | -48.04 | -4.83 | 105.53 | 12.23 | 262.15 | 105.88 | 3.42 | 5.88 | 0.00 | 100.0 | -100.0 | 11.97 | 28.57 | 12.82 |
| 21Q4 (9) | 1.91 | 14.37 | 6.11 | 29.58 | -5.86 | -18.98 | 16.16 | 2.02 | -7.18 | 15.78 | -3.9 | -8.89 | 12.62 | -3.96 | -8.95 | 8.92 | 3.0 | 18.77 | 5.04 | -10.64 | -14.86 | 0.40 | -6.98 | -6.98 | 17.84 | -3.98 | -7.8 | 94.03 | 52.57 | 261.93 | 102.38 | 5.22 | 2.38 | -2.38 | -188.1 | 0 | 9.31 | -34.3 | -11.92 |
| 21Q3 (8) | 1.67 | 13.61 | -2.34 | 31.42 | 6.65 | -6.93 | 15.84 | -8.55 | -10.1 | 16.42 | -4.98 | -5.25 | 13.14 | -9.32 | -9.38 | 8.66 | 2.49 | -7.87 | 5.64 | -7.99 | -15.19 | 0.43 | 2.38 | -6.52 | 18.58 | -3.93 | -3.78 | 61.63 | 32.4 | 117.62 | 97.30 | -2.7 | -6.44 | 2.70 | 0 | 0 | 14.17 | 6.7 | 18.78 |
| 21Q2 (7) | 1.47 | 149.15 | 0 | 29.46 | 31.75 | 0 | 17.32 | 151.01 | 0 | 17.28 | 137.69 | 0 | 14.49 | 208.3 | 0 | 8.45 | 246.31 | 0 | 6.13 | 219.27 | 0 | 0.42 | 2.44 | 0 | 19.34 | 98.56 | 0 | 46.55 | 59.75 | 0 | 100.00 | 0.0 | 0 | 0.00 | -100.0 | 0 | 13.28 | 25.16 | 0 |
| 21Q1 (6) | 0.59 | -67.22 | 0 | 22.36 | -38.76 | 0 | 6.90 | -60.37 | 0 | 7.27 | -58.03 | 0 | 4.70 | -66.09 | 0 | 2.44 | -67.51 | 0 | 1.92 | -67.57 | 0 | 0.41 | -4.65 | 0 | 9.74 | -49.66 | 0 | 29.14 | 12.16 | 0 | 100.00 | 0.0 | 0 | 9.09 | 0 | 0 | 10.61 | 0.38 | 0 |
| 20Q4 (5) | 1.80 | 5.26 | 0 | 36.51 | 8.15 | 0 | 17.41 | -1.19 | 0 | 17.32 | -0.06 | 0 | 13.86 | -4.41 | 0 | 7.51 | -20.11 | 0 | 5.92 | -10.98 | 0 | 0.43 | -6.52 | 0 | 19.35 | 0.21 | 0 | 25.98 | -8.26 | 0 | 100.00 | -3.85 | 0 | 0.00 | 0 | 0 | 10.57 | -11.4 | 0 |
| 20Q3 (4) | 1.71 | 0 | 0.0 | 33.76 | 0 | 0.0 | 17.62 | 0 | 0.0 | 17.33 | 0 | 0.0 | 14.50 | 0 | 0.0 | 9.40 | 0 | 0.0 | 6.65 | 0 | 0.0 | 0.46 | 0 | 0.0 | 19.31 | 0 | 0.0 | 28.32 | 0 | 0.0 | 104.00 | 0 | 0.0 | 0.00 | 0 | 0.0 | 11.93 | 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) | -1.09 | 0 | 23.07 | -21.72 | -6.85 | 0 | 5.72 | 225.46 | -6.02 | 0 | -5.56 | 0 | -3.97 | 0 | -1.84 | 0 | 0.39 | -66.67 | 0.85 | -94.15 | 115.23 | 108.56 | 114.29 | 19.56 | -14.29 | 0 | 0.00 | 0 | 27.70 | 98.71 |
| 2022 (9) | 5.39 | -1.28 | 29.47 | 2.61 | 12.02 | -17.73 | 1.76 | -14.29 | 12.59 | -14.35 | 9.97 | -14.79 | 19.78 | -28.95 | 11.78 | -30.62 | 1.17 | -18.75 | 14.52 | -14.03 | 55.25 | -41.24 | 95.59 | -3.62 | 4.41 | 438.24 | 0.00 | 0 | 13.94 | 18.74 |
| 2021 (8) | 5.46 | -21.66 | 28.72 | -10.08 | 14.61 | -8.4 | 2.05 | 10.74 | 14.70 | -6.49 | 11.70 | -9.23 | 27.84 | -21.78 | 16.98 | -33.54 | 1.44 | -27.27 | 16.89 | -3.98 | 94.03 | 261.93 | 99.18 | -1.78 | 0.82 | 0 | 0.00 | 0 | 11.74 | 9.41 |
| 2020 (7) | 6.97 | 96.89 | 31.94 | -10.05 | 15.95 | 11.77 | 1.85 | -33.7 | 15.72 | 11.73 | 12.89 | 14.58 | 35.59 | 38.43 | 25.55 | 48.63 | 1.98 | 30.26 | 17.59 | 4.95 | 25.98 | -59.0 | 100.98 | -1.0 | -1.96 | 0 | 0.00 | 0 | 10.73 | -16.95 |
| 2019 (6) | 3.54 | -90.78 | 35.51 | -10.55 | 14.27 | -22.32 | 2.79 | 302.23 | 14.07 | -21.96 | 11.25 | -15.54 | 25.71 | -17.46 | 17.19 | -21.4 | 1.52 | -7.32 | 16.76 | -10.61 | 63.36 | 82.07 | 102.00 | 0.08 | -2.00 | 0 | 0.00 | 0 | 12.92 | -3.37 |
| 2018 (5) | 38.41 | -55.69 | 39.70 | -4.54 | 18.37 | -35.18 | 0.69 | 165.28 | 18.03 | -34.51 | 13.32 | -41.37 | 31.15 | 0 | 21.87 | 0 | 1.64 | 0 | 18.75 | -32.43 | 34.80 | -34.08 | 101.92 | -0.91 | -1.92 | 0 | 0.00 | 0 | 13.37 | 55.28 |
| 2017 (4) | 86.68 | 0 | 41.59 | 0 | 28.34 | 0 | 0.26 | 0 | 27.53 | 0 | 22.72 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 27.75 | 0 | 52.79 | 0 | 102.86 | 0 | -2.86 | 0 | 0.00 | 0 | 8.61 | 0 |
