- 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 | |||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 23Q3 (20) | -0.55 | 50.0 | 6.78 | 10.90 | 581.25 | -13.08 | -4.04 | 72.25 | 7.97 | -8.76 | 61.05 | 38.22 | -9.26 | 58.59 | 35.29 | -6.05 | 45.98 | -9.21 | -1.06 | 58.91 | 11.67 | 0.16 | 23.08 | 45.45 | 10.53 | 239.68 | -47.19 | 312.23 | 2.06 | 23.02 | 45.24 | -29.72 | 48.64 | 52.38 | 47.0 | -24.7 | 19.00 | -18.31 | -29.92 |
| 23Q2 (19) | -1.10 | -400.0 | -223.53 | 1.60 | -83.39 | -73.55 | -14.56 | -130.74 | -1790.91 | -22.49 | -342.72 | -430.42 | -22.36 | -295.75 | -247.74 | -11.20 | -395.58 | -251.1 | -2.58 | -821.43 | -316.13 | 0.13 | 18.18 | -13.33 | 3.10 | -87.79 | -85.4 | 305.94 | 16.62 | 22.91 | 64.37 | -47.89 | 286.21 | 35.63 | 251.44 | -57.24 | 23.26 | -16.66 | 13.69 |
| 23Q1 (18) | -0.22 | 0.0 | 42.11 | 9.63 | -0.41 | -15.75 | -6.31 | -44.39 | -23.97 | -5.08 | 39.81 | 34.45 | -5.65 | 1.05 | 30.16 | -2.26 | -2.73 | 38.42 | -0.28 | 34.88 | 65.85 | 0.11 | 0.0 | -21.43 | 25.38 | 5.44 | 48.86 | 262.34 | 7.09 | 15.75 | 123.53 | 138.24 | 85.29 | -23.53 | -148.87 | -170.59 | 27.91 | -9.68 | 40.25 |
| 22Q4 (17) | -0.22 | 62.71 | 66.15 | 9.67 | -22.89 | 24.61 | -4.37 | 0.46 | 53.95 | -8.44 | 40.48 | 36.78 | -5.71 | 60.1 | 62.31 | -2.20 | 60.29 | 62.33 | -0.43 | 64.17 | 70.75 | 0.11 | 0.0 | -8.33 | 24.07 | 20.71 | 22.12 | 244.98 | -3.48 | 10.23 | 51.85 | 70.37 | -27.72 | 48.15 | -30.79 | 70.37 | 30.90 | 13.98 | 39.69 |
| 22Q3 (16) | -0.59 | -73.53 | 14.49 | 12.54 | 107.27 | 100.96 | -4.39 | -470.13 | 45.47 | -14.18 | -234.43 | 21.61 | -14.31 | -122.55 | 15.82 | -5.54 | -73.67 | 6.89 | -1.20 | -93.55 | 23.08 | 0.11 | -26.67 | 0.0 | 19.94 | -6.08 | 21.07 | 253.81 | 1.96 | 15.77 | 30.43 | 82.61 | -32.37 | 69.57 | -16.52 | 22.76 | 27.11 | 32.5 | 19.01 |
| 22Q2 (15) | -0.34 | 10.53 | 42.37 | 6.05 | -47.07 | 170.09 | -0.77 | 84.87 | 92.17 | -4.24 | 45.29 | 69.67 | -6.43 | 20.52 | 39.22 | -3.19 | 13.08 | 31.1 | -0.62 | 24.39 | 47.9 | 0.15 | 7.14 | 0.0 | 21.23 | 24.52 | 53.4 | 248.92 | 9.83 | 21.32 | 16.67 | -75.0 | -76.14 | 83.33 | 150.0 | 176.32 | 20.46 | 2.81 | 18.54 |
| 22Q1 (14) | -0.38 | 41.54 | -850.0 | 11.43 | 47.29 | -22.87 | -5.09 | 46.36 | -229.52 | -7.75 | 41.95 | -482.71 | -8.09 | 46.6 | -412.03 | -3.67 | 37.16 | -491.94 | -0.82 | 44.22 | -646.67 | 0.14 | 16.67 | 7.69 | 17.05 | -13.5 | -42.53 | 226.64 | 1.98 | 15.5 | 66.67 | -7.07 | 125.0 | 33.33 | 17.95 | -90.91 | 19.90 | -10.04 | 21.71 |
| 21Q4 (13) | -0.65 | 5.8 | -32.65 | 7.76 | 24.36 | 335.87 | -9.49 | -17.89 | 40.46 | -13.35 | 26.2 | 30.65 | -15.15 | 10.88 | -20.24 | -5.84 | 1.85 | -57.41 | -1.47 | 5.77 | -72.94 | 0.12 | 9.09 | 20.0 | 19.71 | 19.67 | 3.09 | 222.25 | 1.37 | 7.43 | 71.74 | 59.42 | -14.19 | 28.26 | -50.13 | 56.72 | 22.12 | -2.9 | 17.91 |
| 21Q3 (12) | -0.69 | -16.95 | -53.33 | 6.24 | 178.57 | -22.58 | -8.05 | 18.19 | -45.57 | -18.09 | -29.4 | -101.22 | -17.00 | -60.68 | -82.4 | -5.95 | -28.51 | -68.56 | -1.56 | -31.09 | -97.47 | 0.11 | -26.67 | -8.33 | 16.47 | 19.0 | -37.5 | 219.24 | 6.86 | 4.31 | 45.00 | -35.57 | -28.75 | 56.67 | 87.89 | 43.56 | 22.78 | 31.98 | 0 |
| 21Q2 (11) | -0.59 | -1375.0 | -15.69 | 2.24 | -84.89 | 172.49 | -9.84 | -350.38 | 48.91 | -13.98 | -951.13 | 1.48 | -10.58 | -569.62 | 34.89 | -4.63 | -646.77 | -22.49 | -1.19 | -893.33 | -40.0 | 0.15 | 15.38 | 87.5 | 13.84 | -53.35 | -65.78 | 205.17 | 4.56 | 0.78 | 69.84 | 126.19 | -47.96 | 30.16 | -91.77 | 181.86 | 17.26 | 5.57 | 0 |
| 21Q1 (10) | -0.04 | 91.84 | 84.0 | 14.82 | 550.46 | 41.55 | 3.93 | 124.65 | 19750.0 | -1.33 | 93.09 | 77.76 | -1.58 | 87.46 | 64.41 | -0.62 | 83.29 | 63.74 | 0.15 | 117.65 | 207.14 | 0.13 | 30.0 | 0.0 | 29.67 | 55.18 | 10.71 | 196.23 | -5.14 | -3.23 | -266.67 | -418.95 | 0 | 366.67 | 1933.33 | 266.67 | 16.35 | -12.85 | -19.85 |
| 20Q4 (9) | -0.49 | -8.89 | 12.5 | -3.29 | -140.82 | -425.74 | -15.94 | -188.25 | -14.27 | -19.25 | -114.13 | -9.69 | -12.60 | -35.19 | -13.51 | -3.71 | -5.1 | -0.82 | -0.85 | -7.59 | -14.86 | 0.10 | -16.67 | -9.09 | 19.12 | -27.44 | -11.19 | 206.87 | -1.57 | -1.47 | 83.61 | 32.38 | 5.23 | 18.03 | -54.32 | -12.24 | 18.76 | 0 | -22.58 |
| 20Q3 (8) | -0.45 | 11.76 | -421.43 | 8.06 | 360.84 | -52.02 | -5.53 | 71.29 | -330.42 | -8.99 | 36.65 | -448.45 | -9.32 | 42.65 | -481.97 | -3.53 | 6.61 | -535.8 | -0.79 | 7.06 | -211.27 | 0.12 | 50.0 | 20.0 | 26.35 | -34.86 | -36.93 | 210.18 | 3.24 | -0.34 | 63.16 | -52.94 | -30.53 | 39.47 | 207.14 | 334.21 | 0.00 | 0 | -100.0 |
| 20Q2 (7) | -0.51 | -104.0 | -54.55 | -3.09 | -129.51 | -126.71 | -19.26 | -96200.0 | -3912.5 | -14.19 | -137.29 | -332.62 | -16.25 | -265.99 | -285.07 | -3.78 | -121.05 | -80.86 | -0.85 | -507.14 | -347.37 | 0.08 | -38.46 | -46.67 | 40.45 | 50.93 | 72.05 | 203.59 | 0.4 | -12.13 | 134.21 | 0 | 839.47 | -36.84 | -136.84 | -142.98 | 0.00 | -100.0 | -100.0 |
| 20Q1 (6) | -0.25 | 55.36 | 30.56 | 10.47 | 936.63 | 3.97 | -0.02 | 99.86 | 99.33 | -5.98 | 65.93 | -5.84 | -4.44 | 60.0 | 26.37 | -1.71 | 53.53 | 20.09 | -0.14 | 81.08 | 41.67 | 0.13 | 18.18 | 8.33 | 26.80 | 24.48 | -11.76 | 202.78 | -3.42 | -1.92 | 0.00 | -100.0 | -100.0 | 100.00 | 386.67 | 116.67 | 20.40 | -15.81 | 6.25 |
| 19Q4 (5) | -0.56 | -500.0 | 23.29 | 1.01 | -93.99 | -92.09 | -13.95 | -681.25 | -89.8 | -17.55 | -780.23 | -48.73 | -11.10 | -554.92 | -1.0 | -3.68 | -554.32 | 13.41 | -0.74 | -204.23 | 27.45 | 0.11 | 10.0 | -15.38 | 21.53 | -48.47 | -9.58 | 209.95 | -0.45 | 5.64 | 79.45 | -12.6 | 26.69 | 20.55 | 126.03 | -44.89 | 24.23 | 15.44 | 20.25 |
| 19Q3 (4) | 0.14 | 142.42 | 0.0 | 16.80 | 45.2 | 0.0 | 2.40 | 600.0 | 0.0 | 2.58 | 178.66 | 0.0 | 2.44 | 157.82 | 0.0 | 0.81 | 138.76 | 0.0 | 0.71 | 473.68 | 0.0 | 0.10 | -33.33 | 0.0 | 41.78 | 77.71 | 0.0 | 210.89 | -8.98 | 0.0 | 90.91 | 536.36 | 0.0 | 9.09 | -89.39 | 0.0 | 20.99 | 51.55 | 0.0 |
| 19Q2 (3) | -0.33 | 8.33 | 0.0 | 11.57 | 14.9 | 0.0 | -0.48 | 83.89 | 0.0 | -3.28 | 41.95 | 0.0 | -4.22 | 30.02 | 0.0 | -2.09 | 2.34 | 0.0 | -0.19 | 20.83 | 0.0 | 0.15 | 25.0 | 0.0 | 23.51 | -22.59 | 0.0 | 231.69 | 12.06 | 0.0 | 14.29 | -73.47 | 0.0 | 85.71 | 85.71 | 0.0 | 13.85 | -27.86 | 0.0 |
| 19Q1 (2) | -0.36 | 50.68 | 0.0 | 10.07 | -21.14 | 0.0 | -2.98 | 59.46 | 0.0 | -5.65 | 52.12 | 0.0 | -6.03 | 45.13 | 0.0 | -2.14 | 49.65 | 0.0 | -0.24 | 76.47 | 0.0 | 0.12 | -7.69 | 0.0 | 30.37 | 27.55 | 0.0 | 206.76 | 4.04 | 0.0 | 53.85 | -14.14 | 0.0 | 46.15 | 23.78 | 0.0 | 19.20 | -4.71 | 0.0 |
| 18Q4 (1) | -0.73 | 0.0 | 0.0 | 12.77 | 0.0 | 0.0 | -7.35 | 0.0 | 0.0 | -11.80 | 0.0 | 0.0 | -10.99 | 0.0 | 0.0 | -4.25 | 0.0 | 0.0 | -1.02 | 0.0 | 0.0 | 0.13 | 0.0 | 0.0 | 23.81 | 0.0 | 0.0 | 198.74 | 0.0 | 0.0 | 62.71 | 0.0 | 0.0 | 37.29 | 0.0 | 0.0 | 20.15 | 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 | ||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2022 (10) | -1.53 | 0 | 9.73 | 25.71 | -3.53 | 0 | 25.82 | -7.18 | -8.31 | 0 | -8.46 | 0 | -14.49 | 0 | -3.12 | 0 | 0.51 | 0.0 | 20.44 | 2.25 | 244.98 | 10.23 | 42.62 | -14.26 | 57.38 | 15.41 | 0.00 | 0 | 24.09 | 24.88 |
| 2021 (9) | -1.97 | 0 | 7.74 | 79.17 | -5.65 | 0 | 27.81 | -18.61 | -11.31 | 0 | -10.55 | 0 | -16.86 | 0 | -3.97 | 0 | 0.51 | 21.43 | 19.99 | -27.31 | 222.25 | 7.43 | 49.71 | -34.9 | 49.71 | 110.33 | 0.00 | 0 | 19.29 | 6.93 |
| 2020 (8) | -1.69 | 0 | 4.32 | -57.19 | -8.56 | 0 | 34.17 | 15.47 | -11.22 | 0 | -9.77 | 0 | -12.51 | 0 | -2.55 | 0 | 0.42 | -16.0 | 27.50 | -4.08 | 206.87 | -1.47 | 76.36 | 28.06 | 23.64 | -42.75 | 0.00 | 0 | 18.04 | -4.65 |
| 2019 (7) | -1.11 | 0 | 10.09 | 12.24 | -3.33 | 0 | 29.59 | 7.6 | -5.63 | 0 | -4.67 | 0 | -7.17 | 0 | -0.45 | 0 | 0.50 | -1.96 | 28.67 | 15.98 | 209.95 | 5.64 | 59.63 | -35.31 | 41.28 | 428.44 | 0.00 | 0 | 18.92 | 7.26 |
| 2018 (6) | -1.81 | 0 | 8.99 | 11137.5 | -6.10 | 0 | 27.50 | -25.46 | -6.60 | 0 | -7.02 | 0 | -10.31 | 0 | -2.03 | 0 | 0.51 | 34.21 | 24.72 | 36.5 | 198.74 | 13.7 | 92.19 | 49.08 | 7.81 | -79.38 | 0.00 | 0 | 17.64 | -16.56 |
| 2017 (5) | -5.54 | 0 | 0.08 | -98.55 | -14.86 | 0 | 36.90 | 19.59 | -23.97 | 0 | -26.11 | 0 | -26.01 | 0 | -8.26 | 0 | 0.38 | -9.52 | 18.11 | -39.15 | 174.79 | 14.49 | 61.84 | -54.91 | 37.88 | 0 | 0.00 | 0 | 21.14 | 6.77 |
| 2016 (4) | -1.29 | 0 | 5.50 | -36.19 | -7.51 | 0 | 30.85 | 12.74 | -5.47 | 0 | -4.56 | 0 | -5.03 | 0 | -0.38 | 0 | 0.42 | 5.0 | 29.76 | 30.81 | 152.67 | -12.75 | 137.14 | 174.29 | -37.14 | 0 | 0.00 | 0 | 19.80 | 3.56 |
| 2015 (3) | -2.41 | 0 | 8.62 | -45.06 | -4.26 | 0 | 27.37 | 24.91 | -8.46 | 0 | -7.71 | 0 | -8.54 | 0 | -1.83 | 0 | 0.40 | -13.04 | 22.75 | -16.33 | 174.98 | 0.34 | 50.00 | -82.04 | 49.45 | 0 | 0.00 | 0 | 19.12 | 21.24 |
| 2014 (2) | 0.38 | -56.32 | 15.69 | -19.99 | 4.21 | -35.92 | 21.91 | -5.51 | 1.50 | -45.05 | 0.99 | -59.59 | 1.25 | -56.6 | 1.91 | -19.07 | 0.46 | 4.55 | 27.19 | -7.71 | 174.39 | 3.4 | 278.38 | 15.33 | -178.38 | 0 | 0.00 | 0 | 15.77 | -6.02 |
| 2013 (1) | 0.87 | 52.63 | 19.61 | 0 | 6.57 | 0 | 23.19 | 13.51 | 2.73 | 0 | 2.45 | 0 | 2.88 | 0 | 2.36 | 0 | 0.44 | -16.98 | 29.46 | 7.75 | 168.65 | 0.16 | 241.38 | -22.69 | -141.38 | 0 | 0.00 | 0 | 16.78 | 21.33 |
