- 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) | 0.10 | -68.75 | -79.17 | 27.34 | -8.87 | -0.51 | 5.40 | -22.41 | -43.69 | 2.21 | -72.51 | -80.07 | 2.21 | -71.48 | -78.65 | 1.07 | -70.19 | -83.04 | 0.63 | -55.94 | -70.0 | 0.16 | 6.67 | -11.11 | 10.56 | -37.66 | -44.04 | 197.56 | -1.8 | -13.56 | 243.75 | 185.24 | 184.38 | -143.75 | -1229.46 | -1190.1 | 18.87 | -8.0 | 13.4 |
| 24Q2 (19) | 0.32 | -30.43 | -94.29 | 30.00 | -3.72 | 14.77 | 6.96 | -27.12 | -11.56 | 8.04 | -34.04 | -93.07 | 7.75 | -34.76 | -93.32 | 3.59 | -35.78 | -96.86 | 1.43 | -28.86 | -93.2 | 0.15 | 0.0 | -16.67 | 16.94 | -20.84 | -86.28 | 201.18 | -5.26 | -23.49 | 85.45 | 8.51 | 1156.45 | 12.73 | -40.11 | -86.34 | 20.51 | 2.4 | 25.91 |
| 24Q1 (18) | 0.46 | 387.5 | 206.67 | 31.16 | 21.48 | 9.64 | 9.55 | 1848.98 | 37.02 | 12.19 | 394.44 | 182.83 | 11.88 | 370.62 | 182.86 | 5.59 | 379.5 | -32.32 | 2.01 | 691.18 | 113.83 | 0.15 | 7.14 | 0.0 | 21.40 | 270.88 | 64.24 | 212.34 | -7.3 | -81.59 | 78.75 | 782.5 | -52.07 | 21.25 | -80.95 | 133.06 | 20.03 | -26.71 | 10.12 |
| 23Q4 (17) | -0.16 | -133.33 | -33.33 | 25.65 | -6.66 | 27.23 | 0.49 | -94.89 | 426.67 | -4.14 | -137.33 | -30.6 | -4.39 | -142.42 | -35.49 | -2.00 | -131.7 | 67.95 | -0.34 | -116.19 | -112.5 | 0.14 | -22.22 | 0.0 | 5.77 | -69.42 | -6.63 | 229.05 | 0.22 | -81.59 | -11.54 | -113.46 | -330.77 | 111.54 | 745.83 | 17.41 | 27.33 | 64.24 | 18.62 |
| 23Q3 (16) | 0.48 | -91.43 | 380.0 | 27.48 | 5.13 | 32.82 | 9.59 | 21.86 | 263.26 | 11.09 | -90.44 | 237.08 | 10.35 | -91.07 | 324.18 | 6.31 | -94.49 | -15.42 | 2.10 | -90.02 | 228.12 | 0.18 | 0.0 | 20.0 | 18.87 | -84.71 | 53.29 | 228.54 | -13.09 | -82.61 | 85.71 | 1160.27 | 5.88 | 13.19 | -85.85 | -30.77 | 16.64 | 2.15 | -2.35 |
| 23Q2 (15) | 5.60 | 3633.33 | 715.38 | 26.14 | -8.02 | 702.3 | 7.87 | 12.91 | 130.16 | 115.97 | 2590.72 | 506.2 | 115.94 | 2660.48 | 506.09 | 114.47 | 1285.84 | 242.62 | 21.04 | 2138.3 | 810.81 | 0.18 | 20.0 | 63.64 | 123.43 | 847.28 | 837.34 | 262.95 | -77.21 | -93.35 | 6.80 | -95.86 | -92.54 | 93.20 | 244.98 | 948.49 | 16.29 | -10.45 | -31.12 |
| 23Q1 (14) | 0.15 | 225.0 | 125.86 | 28.42 | 40.97 | 344.76 | 6.97 | 4746.67 | 158.47 | 4.31 | 235.96 | 128.39 | 4.20 | 229.63 | 127.67 | 8.26 | 232.37 | 127.37 | 0.94 | 687.5 | 153.11 | 0.15 | 7.14 | 15.38 | 13.03 | 110.84 | 371.46 | 1153.64 | -7.27 | -32.54 | 164.29 | 3185.71 | 108.42 | -64.29 | -167.67 | -403.57 | 18.19 | -21.05 | 2.02 |
| 22Q4 (13) | -0.12 | -220.0 | 83.78 | 20.16 | -2.56 | 568.84 | -0.15 | -105.68 | 99.49 | -3.17 | -196.35 | 89.66 | -3.24 | -232.79 | 89.44 | -6.24 | -183.65 | 77.73 | -0.16 | -125.0 | 93.1 | 0.14 | -6.67 | 75.0 | 6.18 | -49.8 | 145.01 | 1244.15 | -5.31 | 4.35 | 5.00 | -93.82 | -94.71 | 95.00 | 398.75 | 1990.0 | 23.04 | 35.21 | -32.14 |
| 22Q3 (12) | 0.10 | 110.99 | 113.33 | 20.69 | 576.73 | 361.57 | 2.64 | 110.12 | 108.05 | 3.29 | 111.52 | 108.94 | 2.44 | 108.55 | 106.63 | 7.46 | 109.29 | 134.03 | 0.64 | 121.62 | 126.67 | 0.15 | 36.36 | 114.29 | 12.31 | 173.54 | 176.94 | 1313.97 | -66.75 | 58.56 | 80.95 | -11.15 | -9.14 | 19.05 | 114.29 | 74.6 | 17.04 | -27.95 | -20.67 |
| 22Q2 (11) | -0.91 | -56.9 | 57.28 | -4.34 | -167.92 | 91.61 | -26.09 | -118.88 | 85.85 | -28.55 | -88.08 | 84.86 | -28.55 | -88.08 | 84.86 | -80.26 | -165.94 | -81.95 | -2.96 | -67.23 | 59.28 | 0.11 | -15.38 | 175.0 | -16.74 | -248.75 | 88.95 | 3951.42 | 131.07 | 522.95 | 91.11 | 15.59 | -6.82 | 8.89 | -58.02 | 300.0 | 23.65 | 32.64 | -80.16 |
| 22Q1 (10) | -0.58 | 21.62 | 1.69 | 6.39 | 248.6 | -33.78 | -11.92 | 59.15 | 66.37 | -15.18 | 50.51 | 64.56 | -15.18 | 50.51 | 64.56 | -30.18 | -7.71 | -215.69 | -1.77 | 23.71 | 1.12 | 0.13 | 62.5 | 160.0 | -4.80 | 65.04 | 60.82 | 1710.09 | 43.44 | 338.23 | 78.82 | -16.63 | -4.75 | 21.18 | 365.88 | 22.82 | 17.83 | -47.48 | -53.72 |
| 21Q4 (9) | -0.74 | 1.33 | -138.71 | -4.30 | 45.64 | 67.02 | -29.18 | 11.06 | 28.23 | -30.67 | 16.63 | -85.88 | -30.67 | 16.63 | -73.28 | -28.02 | -27.83 | -491.14 | -2.32 | 3.33 | -172.94 | 0.08 | 14.29 | 33.33 | -13.73 | 14.19 | -290.17 | 1192.23 | 43.87 | 238.15 | 94.55 | 6.12 | -62.01 | 4.55 | -58.33 | 103.05 | 33.95 | 58.05 | 39.31 |
| 21Q3 (8) | -0.75 | 64.79 | -53.06 | -7.91 | 84.71 | -173.93 | -32.81 | 82.21 | 15.98 | -36.79 | 80.48 | 1.26 | -36.79 | 80.48 | 2.65 | -21.92 | 50.31 | -214.49 | -2.40 | 66.99 | -64.38 | 0.07 | 75.0 | 75.0 | -16.00 | 89.44 | -243.35 | 828.70 | 30.65 | 153.87 | 89.09 | -8.88 | -14.47 | 10.91 | 390.91 | 361.82 | 21.48 | -81.98 | -40.63 |
| 21Q2 (7) | -2.13 | -261.02 | -136.67 | -51.72 | -635.96 | -101.87 | -184.42 | -420.37 | -68.88 | -188.52 | -340.16 | -60.39 | -188.52 | -340.16 | -58.86 | -44.11 | -361.4 | -282.9 | -7.27 | -306.15 | -167.28 | 0.04 | -20.0 | 100.0 | -151.50 | -1136.73 | -153.26 | 634.31 | 62.55 | 108.09 | 97.78 | 18.15 | 4.99 | 2.22 | -87.11 | -67.65 | 119.21 | 209.4 | 0 |
| 21Q1 (6) | -0.59 | -90.32 | 3.28 | 9.65 | 174.0 | -31.02 | -35.44 | 12.84 | -133.62 | -42.83 | -159.58 | -149.88 | -42.83 | -141.98 | -148.87 | -9.56 | -101.69 | -33.71 | -1.79 | -110.59 | -5.92 | 0.05 | -16.67 | -54.55 | -12.25 | -269.67 | -166.88 | 390.23 | 10.68 | 38.47 | 82.76 | -66.74 | -5.72 | 17.24 | 111.58 | 55.17 | 38.53 | 58.1 | 60.21 |
| 20Q4 (5) | -0.31 | 36.73 | 8.82 | -13.04 | -221.87 | -210.79 | -40.66 | -4.12 | -972.82 | -16.50 | 55.72 | -232.66 | -17.70 | 53.16 | -247.74 | -4.74 | 31.99 | -47.66 | -0.85 | 41.78 | -19.72 | 0.06 | 50.0 | -64.71 | 7.22 | 254.94 | 255.67 | 352.57 | 8.01 | 29.25 | 248.84 | 138.88 | 218.82 | -148.84 | -3472.09 | -710.23 | 24.37 | -32.64 | 40.22 |
| 20Q3 (4) | -0.49 | 45.56 | 0.0 | 10.70 | 141.76 | 0.0 | -39.05 | 64.24 | 0.0 | -37.26 | 68.3 | 0.0 | -37.79 | 68.16 | 0.0 | -6.97 | 39.5 | 0.0 | -1.46 | 46.32 | 0.0 | 0.04 | 100.0 | 0.0 | -4.66 | 92.21 | 0.0 | 326.43 | 7.09 | 0.0 | 104.17 | 11.85 | 0.0 | -4.17 | -160.65 | 0.0 | 36.18 | 0 | 0.0 |
| 20Q2 (3) | -0.90 | -47.54 | 0.0 | -25.62 | -283.13 | 0.0 | -109.20 | -619.84 | 0.0 | -117.54 | -585.76 | 0.0 | -118.67 | -589.54 | 0.0 | -11.52 | -61.12 | 0.0 | -2.72 | -60.95 | 0.0 | 0.02 | -81.82 | 0.0 | -59.82 | -1203.27 | 0.0 | 304.82 | 8.16 | 0.0 | 93.13 | 6.1 | 0.0 | 6.87 | -38.17 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | -0.61 | -79.41 | 0.0 | 13.99 | 18.86 | 0.0 | -15.17 | -300.26 | 0.0 | -17.14 | -245.56 | 0.0 | -17.21 | -238.11 | 0.0 | -7.15 | -122.74 | 0.0 | -1.69 | -138.03 | 0.0 | 0.11 | -35.29 | 0.0 | -4.59 | -326.11 | 0.0 | 281.82 | 3.31 | 0.0 | 87.78 | 12.47 | 0.0 | 11.11 | -54.44 | 0.0 | 24.05 | 38.38 | 0.0 |
| 19Q4 (1) | -0.34 | 0.0 | 0.0 | 11.77 | 0.0 | 0.0 | -3.79 | 0.0 | 0.0 | -4.96 | 0.0 | 0.0 | -5.09 | 0.0 | 0.0 | -3.21 | 0.0 | 0.0 | -0.71 | 0.0 | 0.0 | 0.17 | 0.0 | 0.0 | 2.03 | 0.0 | 0.0 | 272.78 | 0.0 | 0.0 | 78.05 | 0.0 | 0.0 | 24.39 | 0.0 | 0.0 | 17.38 | 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) | 6.08 | 0 | 26.93 | 126.68 | 6.57 | 0 | 6.08 | -18.47 | 35.51 | 0 | 35.22 | 0 | 121.78 | 0 | 24.39 | 0 | 0.66 | 24.53 | 43.87 | 8336.54 | 229.05 | -81.59 | 18.47 | -76.75 | 81.53 | 305.79 | 0.00 | 0 | 19.19 | -5.05 |
| 2022 (9) | -1.45 | 0 | 11.88 | 0 | -7.60 | 0 | 7.46 | -59.44 | -9.54 | 0 | -9.79 | 0 | -68.24 | 0 | -4.13 | 0 | 0.53 | 120.83 | 0.52 | 0 | 1244.15 | 4.35 | 79.45 | -15.23 | 20.09 | 220.43 | 0.00 | 0 | 20.21 | -55.17 |
| 2021 (8) | -4.21 | 0 | -10.30 | 0 | -56.72 | 0 | 18.39 | -2.15 | -60.52 | 0 | -60.52 | 0 | -96.47 | 0 | -13.38 | 0 | 0.24 | 0.0 | -36.48 | 0 | 1192.23 | 238.15 | 93.73 | -17.99 | 6.27 | 0 | 0.00 | 0 | 45.08 | 38.96 |
| 2020 (7) | -2.32 | 0 | 2.84 | -75.83 | -35.16 | 0 | 18.79 | 247.67 | -30.82 | 0 | -31.35 | 0 | -30.28 | 0 | -6.60 | 0 | 0.24 | -66.2 | -7.33 | 0 | 352.57 | 29.25 | 114.29 | 12.94 | -13.99 | 0 | 0.00 | 0 | 32.44 | 59.96 |
| 2019 (6) | -1.38 | 0 | 11.75 | 42.77 | -5.20 | 0 | 5.40 | 25.53 | -5.13 | 0 | -5.26 | 0 | -15.17 | 0 | -3.14 | 0 | 0.71 | 9.23 | 1.44 | 0 | 272.78 | -21.85 | 101.19 | -6.77 | -1.19 | 0 | 0.00 | 0 | 20.28 | -4.7 |
| 2018 (5) | -2.97 | 0 | 8.23 | -20.56 | -11.42 | 0 | 4.31 | 35.97 | -10.53 | 0 | -11.07 | 0 | -26.48 | 0 | -6.70 | 0 | 0.65 | -10.96 | -5.17 | 0 | 349.04 | 66.38 | 108.54 | 6.59 | -8.54 | 0 | 0.00 | 0 | 21.28 | 2.5 |
| 2017 (4) | -2.69 | 0 | 10.36 | -45.04 | -8.04 | 0 | 3.17 | 83.91 | -7.90 | 0 | -9.15 | 0 | -21.36 | 0 | -6.39 | 0 | 0.73 | -10.98 | -4.14 | 0 | 209.78 | -10.2 | 101.83 | -8.71 | -1.83 | 0 | 0.00 | 0 | 20.76 | 6.46 |
| 2016 (3) | 0.44 | -53.19 | 18.85 | 10.95 | 1.92 | 3.78 | 1.72 | 4.57 | 1.72 | -32.55 | 1.00 | -44.13 | 2.72 | -50.64 | 1.05 | -50.0 | 0.82 | -20.39 | 3.84 | -15.23 | 233.60 | 2.43 | 111.54 | 54.03 | -11.54 | 0 | 0.00 | 0 | 19.50 | -2.35 |
| 2015 (2) | 0.94 | -44.71 | 16.99 | 0.3 | 1.85 | -22.27 | 1.65 | 0.02 | 2.55 | -10.84 | 1.79 | -21.15 | 5.51 | -38.23 | 2.10 | -39.48 | 1.03 | -23.7 | 4.53 | -7.74 | 228.05 | 37.16 | 72.41 | -12.93 | 27.59 | 63.89 | 0.00 | 0 | 19.97 | 28.84 |
| 2014 (1) | 1.70 | 36.0 | 16.94 | 0 | 2.38 | 0 | 1.65 | -8.53 | 2.86 | 0 | 2.27 | 0 | 8.92 | 0 | 3.47 | 0 | 1.35 | -6.9 | 4.91 | 14.72 | 166.27 | -27.92 | 83.17 | 31.22 | 16.83 | -54.04 | 0.00 | 0 | 15.50 | -9.78 |
