- 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) | 0.57 | -55.12 | -30.49 | 13.56 | 4.39 | 0.89 | 9.31 | 12.71 | 4.26 | 10.88 | -52.32 | -30.66 | 8.99 | -49.47 | -28.82 | 0.93 | -53.03 | -33.57 | 0.65 | -47.58 | -27.78 | 0.06 | 0.0 | 0.0 | 24.25 | -19.17 | 2.84 | 63.79 | -9.11 | -15.23 | 85.58 | 136.37 | 50.47 | 14.46 | -77.34 | -66.46 | 5.51 | 0.92 | -7.86 |
| 24Q2 (19) | 1.27 | 42.7 | 0.79 | 12.99 | 32.01 | -14.09 | 8.26 | 44.15 | -31.4 | 22.82 | 12.19 | -8.43 | 17.79 | 12.81 | -10.29 | 1.98 | 35.62 | -17.84 | 1.24 | 33.33 | -12.68 | 0.06 | 20.0 | -14.29 | 30.00 | 2.04 | -6.75 | 70.18 | -9.62 | -14.4 | 36.21 | 28.38 | -25.04 | 63.81 | -11.15 | 23.43 | 5.46 | -14.42 | -10.34 |
| 24Q1 (18) | 0.89 | 122.5 | 9.88 | 9.84 | -13.15 | -4.47 | 5.73 | -20.86 | -24.51 | 20.34 | 111.65 | 22.83 | 15.77 | 149.53 | 9.51 | 1.46 | 117.91 | -3.95 | 0.93 | 89.8 | -1.06 | 0.05 | -16.67 | -16.67 | 29.40 | 64.52 | 18.17 | 77.65 | 2.85 | -9.09 | 28.20 | -62.55 | -38.46 | 71.83 | 190.89 | 32.65 | 6.38 | 7.59 | 4.42 |
| 23Q4 (17) | 0.40 | -51.22 | 122.22 | 11.33 | -15.7 | 49.47 | 7.24 | -18.92 | 63.43 | 9.61 | -38.75 | 124.53 | 6.32 | -49.96 | 140.3 | 0.67 | -52.14 | 91.43 | 0.49 | -45.56 | 58.06 | 0.06 | 0.0 | -14.29 | 17.87 | -24.22 | 62.9 | 75.50 | 0.33 | -0.66 | 75.31 | 32.4 | -27.28 | 24.69 | -42.74 | 792.71 | 5.93 | -0.84 | 18.36 |
| 23Q3 (16) | 0.82 | -34.92 | -38.35 | 13.44 | -11.11 | 5.66 | 8.93 | -25.83 | -2.19 | 15.69 | -37.04 | -32.63 | 12.63 | -36.31 | -38.66 | 1.40 | -41.91 | -43.78 | 0.90 | -36.62 | -38.78 | 0.06 | -14.29 | -14.29 | 23.58 | -26.7 | -22.26 | 75.25 | -8.22 | -1.89 | 56.88 | 17.76 | 45.13 | 43.12 | -16.59 | -29.09 | 5.98 | -1.81 | 6.03 |
| 23Q2 (15) | 1.26 | 55.56 | -6.67 | 15.12 | 46.8 | -10.8 | 12.04 | 58.63 | -2.75 | 24.92 | 50.48 | 8.58 | 19.83 | 37.71 | 2.69 | 2.41 | 58.55 | -6.23 | 1.42 | 51.06 | -6.58 | 0.07 | 16.67 | -12.5 | 32.17 | 29.3 | 11.16 | 81.99 | -4.0 | -1.56 | 48.30 | 5.4 | -10.45 | 51.70 | -4.51 | 12.27 | 6.09 | -0.33 | 14.04 |
| 23Q1 (14) | 0.81 | 350.0 | 6.58 | 10.30 | 35.88 | -29.16 | 7.59 | 71.33 | -36.96 | 16.56 | 286.92 | -1.31 | 14.40 | 447.53 | 8.43 | 1.52 | 334.29 | 3.4 | 0.94 | 203.23 | 3.3 | 0.06 | -14.29 | 0.0 | 24.88 | 126.8 | 4.63 | 85.41 | 12.38 | 22.14 | 45.82 | -55.75 | -36.14 | 54.15 | 1619.01 | 91.69 | 6.11 | 21.96 | -3.17 |
| 22Q4 (13) | 0.18 | -86.47 | -85.6 | 7.58 | -40.41 | -65.64 | 4.43 | -51.48 | -76.07 | 4.28 | -81.62 | -78.54 | 2.63 | -87.23 | -83.84 | 0.35 | -85.94 | -86.33 | 0.31 | -78.91 | -79.47 | 0.07 | 0.0 | -22.22 | 10.97 | -63.83 | -56.61 | 76.00 | -0.91 | 0.16 | 103.56 | 164.27 | 11.6 | -3.56 | -105.86 | -149.61 | 5.01 | -11.17 | -0.2 |
| 22Q3 (12) | 1.33 | -1.48 | 27.88 | 12.72 | -24.96 | -33.4 | 9.13 | -26.25 | -39.01 | 23.29 | 1.48 | 12.73 | 20.59 | 6.63 | 27.33 | 2.49 | -3.11 | 11.66 | 1.47 | -3.29 | 13.08 | 0.07 | -12.5 | -12.5 | 30.33 | 4.8 | 12.17 | 76.70 | -7.91 | 0.45 | 39.19 | -27.34 | -45.92 | 60.81 | 32.05 | 120.81 | 5.64 | 5.62 | 5.82 |
| 22Q2 (11) | 1.35 | 77.63 | -6.25 | 16.95 | 16.57 | -34.78 | 12.38 | 2.82 | -44.26 | 22.95 | 36.77 | -19.42 | 19.31 | 45.41 | -14.02 | 2.57 | 74.83 | -18.93 | 1.52 | 67.03 | -16.94 | 0.08 | 33.33 | 0.0 | 28.94 | 21.7 | -15.9 | 83.29 | 19.1 | -3.59 | 53.93 | -24.84 | -30.84 | 46.05 | 63.03 | 109.33 | 5.34 | -15.37 | 0.75 |
| 22Q1 (10) | 0.76 | -39.2 | -25.49 | 14.54 | -34.09 | -36.97 | 12.04 | -34.95 | -38.85 | 16.78 | -15.85 | -33.12 | 13.28 | -18.38 | -34.77 | 1.47 | -42.58 | -34.38 | 0.91 | -39.74 | -32.59 | 0.06 | -33.33 | 0.0 | 23.78 | -5.93 | -27.17 | 69.93 | -7.84 | -1.99 | 71.75 | -22.68 | -8.57 | 28.25 | 293.12 | 31.25 | 6.31 | 25.7 | -5.26 |
| 21Q4 (9) | 1.25 | 20.19 | -10.71 | 22.06 | 15.5 | -29.5 | 18.51 | 23.65 | -32.25 | 19.94 | -3.48 | -33.91 | 16.27 | 0.62 | -32.15 | 2.56 | 14.8 | -25.58 | 1.51 | 16.15 | -24.12 | 0.09 | 12.5 | 12.5 | 25.28 | -6.51 | -30.38 | 75.88 | -0.63 | 1.35 | 92.80 | 28.07 | 2.49 | 7.19 | -73.91 | -24.06 | 5.02 | -5.82 | -12.54 |
| 21Q3 (8) | 1.04 | -27.78 | -33.76 | 19.10 | -26.51 | -35.56 | 14.97 | -32.6 | -42.71 | 20.66 | -27.46 | -41.11 | 16.17 | -28.01 | -43.24 | 2.23 | -29.65 | -40.85 | 1.30 | -28.96 | -38.68 | 0.08 | 0.0 | 14.29 | 27.04 | -21.42 | -35.7 | 76.36 | -11.61 | -5.97 | 72.46 | -7.09 | -2.73 | 27.54 | 25.19 | 7.97 | 5.33 | 0.57 | -7.3 |
| 21Q2 (7) | 1.44 | 41.18 | -3.36 | 25.99 | 12.66 | -20.42 | 22.21 | 12.8 | -16.06 | 28.48 | 13.51 | -24.54 | 22.46 | 10.31 | -19.47 | 3.17 | 41.52 | -9.69 | 1.83 | 35.56 | -8.04 | 0.08 | 33.33 | 14.29 | 34.41 | 5.39 | -23.82 | 86.39 | 21.08 | 0.77 | 77.99 | -0.63 | 11.21 | 22.00 | 2.21 | -26.36 | 5.30 | -20.42 | 0 |
| 21Q1 (6) | 1.02 | -27.14 | 325.0 | 23.07 | -26.27 | 12.37 | 19.69 | -27.93 | 27.94 | 25.09 | -16.84 | 110.13 | 20.36 | -15.1 | 136.74 | 2.24 | -34.88 | 234.33 | 1.35 | -32.16 | 181.25 | 0.06 | -25.0 | 50.0 | 32.65 | -10.08 | 35.31 | 71.35 | -4.7 | -14.02 | 78.48 | -13.32 | -39.14 | 21.52 | 127.46 | 174.5 | 6.66 | 16.03 | 0 |
| 20Q4 (5) | 1.40 | -10.83 | 10.24 | 31.29 | 5.57 | 13.0 | 27.32 | 4.55 | 9.32 | 30.17 | -14.0 | 3.04 | 23.98 | -15.83 | 6.01 | 3.44 | -8.75 | 8.52 | 1.99 | -6.13 | 4.19 | 0.08 | 14.29 | 0.0 | 36.31 | -13.65 | -12.19 | 74.87 | -7.81 | -0.76 | 90.54 | 21.54 | 6.09 | 9.46 | -62.91 | -35.45 | 5.74 | -0.17 | -1.54 |
| 20Q3 (4) | 1.57 | 5.37 | 0.0 | 29.64 | -9.25 | 0.0 | 26.13 | -1.25 | 0.0 | 35.08 | -7.05 | 0.0 | 28.49 | 2.15 | 0.0 | 3.77 | 7.41 | 0.0 | 2.12 | 6.53 | 0.0 | 0.07 | 0.0 | 0.0 | 42.05 | -6.91 | 0.0 | 81.21 | -5.27 | 0.0 | 74.49 | 6.22 | 0.0 | 25.51 | -14.61 | 0.0 | 5.75 | 0 | 0.0 |
| 20Q2 (3) | 1.49 | 520.83 | 0.0 | 32.66 | 59.08 | 0.0 | 26.46 | 71.93 | 0.0 | 37.74 | 216.08 | 0.0 | 27.89 | 224.3 | 0.0 | 3.51 | 423.88 | 0.0 | 1.99 | 314.58 | 0.0 | 0.07 | 75.0 | 0.0 | 45.17 | 87.19 | 0.0 | 85.73 | 3.31 | 0.0 | 70.13 | -45.62 | 0.0 | 29.87 | 203.4 | 0.0 | 0.00 | 0 | 0.0 |
| 20Q1 (2) | 0.24 | -81.1 | 0.0 | 20.53 | -25.86 | 0.0 | 15.39 | -38.42 | 0.0 | 11.94 | -59.22 | 0.0 | 8.60 | -61.98 | 0.0 | 0.67 | -78.86 | 0.0 | 0.48 | -74.87 | 0.0 | 0.04 | -50.0 | 0.0 | 24.13 | -41.64 | 0.0 | 82.98 | 9.99 | 0.0 | 128.95 | 51.1 | 0.0 | -28.89 | -297.1 | 0.0 | 0.00 | -100.0 | 0.0 |
| 19Q4 (1) | 1.27 | 0.0 | 0.0 | 27.69 | 0.0 | 0.0 | 24.99 | 0.0 | 0.0 | 29.28 | 0.0 | 0.0 | 22.62 | 0.0 | 0.0 | 3.17 | 0.0 | 0.0 | 1.91 | 0.0 | 0.0 | 0.08 | 0.0 | 0.0 | 41.35 | 0.0 | 0.0 | 75.44 | 0.0 | 0.0 | 85.34 | 0.0 | 0.0 | 14.66 | 0.0 | 0.0 | 5.83 | 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) | 3.28 | -9.64 | 12.64 | -2.02 | 9.04 | -3.93 | 5.40 | 9.8 | 16.88 | 1.2 | 13.42 | -2.89 | 5.89 | -14.76 | 3.78 | -11.06 | 0.25 | -10.71 | 24.79 | 6.26 | 75.50 | -0.66 | 53.53 | -5.09 | 46.47 | 6.58 | 1.92 | -8.27 | 6.03 | 8.84 |
| 2022 (9) | 3.63 | -22.77 | 12.90 | -42.72 | 9.41 | -49.97 | 4.91 | 0.22 | 16.68 | -28.5 | 13.82 | -25.86 | 6.91 | -30.97 | 4.25 | -28.45 | 0.28 | -9.68 | 23.33 | -20.97 | 76.00 | 0.16 | 56.40 | -30.05 | 43.60 | 125.13 | 2.09 | -4.74 | 5.54 | 0.73 |
| 2021 (8) | 4.70 | 0.0 | 22.52 | -22.82 | 18.81 | -23.57 | 4.90 | -15.32 | 23.33 | -22.75 | 18.64 | -20.65 | 10.01 | -9.58 | 5.94 | -10.41 | 0.31 | 14.81 | 29.52 | -22.01 | 75.88 | 1.35 | 80.63 | -1.03 | 19.37 | 4.52 | 2.20 | -9.98 | 5.50 | -8.03 |
| 2020 (7) | 4.70 | -15.47 | 29.18 | 8.27 | 24.61 | 5.99 | 5.79 | 13.96 | 30.20 | 1.04 | 23.49 | 0.34 | 11.07 | -18.24 | 6.63 | -19.34 | 0.27 | -18.18 | 37.85 | -1.05 | 74.87 | -0.76 | 81.47 | 4.84 | 18.53 | -16.88 | 2.44 | 3.7 | 5.98 | 9.12 |
| 2019 (6) | 5.56 | 57.06 | 26.95 | 9.07 | 23.22 | 9.53 | 5.08 | -6.44 | 29.89 | 25.64 | 23.41 | 34.62 | 13.54 | 38.59 | 8.22 | 33.23 | 0.33 | 0.0 | 38.25 | 21.47 | 75.44 | -0.13 | 77.71 | -12.8 | 22.29 | 104.84 | 2.35 | 77.92 | 5.48 | 0.55 |
| 2018 (5) | 3.54 | 103.45 | 24.71 | 69.36 | 21.20 | 98.69 | 5.43 | -21.79 | 23.79 | 95.16 | 17.39 | 81.9 | 9.77 | 110.11 | 6.17 | 84.18 | 0.33 | 13.79 | 31.49 | 42.1 | 75.54 | 8.75 | 89.12 | 1.84 | 10.88 | -12.9 | 1.32 | -28.18 | 5.45 | -8.4 |
| 2017 (4) | 1.74 | 38.1 | 14.59 | 3.55 | 10.67 | 4.3 | 6.94 | -19.25 | 12.19 | 14.68 | 9.56 | 24.48 | 4.65 | 46.69 | 3.35 | 40.76 | 0.29 | 20.83 | 22.16 | -0.4 | 69.46 | -0.1 | 87.50 | -9.07 | 12.50 | 231.7 | 1.84 | 0 | 5.95 | -11.85 |
| 2016 (3) | 1.26 | -18.71 | 14.09 | 32.3 | 10.23 | 67.98 | 8.60 | 5.56 | 10.63 | 3.4 | 7.68 | 3.23 | 3.17 | 1.6 | 2.38 | 4.39 | 0.24 | 0.0 | 22.25 | 4.56 | 69.53 | -6.56 | 96.23 | 62.31 | 3.77 | -90.75 | 0.00 | 0 | 6.75 | -0.74 |
| 2015 (2) | 1.55 | -47.99 | 10.65 | -25.68 | 6.09 | -42.66 | 8.15 | 12.44 | 10.28 | -41.79 | 7.44 | -47.01 | 3.12 | -54.98 | 2.28 | -49.45 | 0.24 | -14.29 | 21.28 | -22.51 | 74.41 | -0.61 | 59.29 | -1.38 | 40.71 | 2.09 | 0.00 | 0 | 6.80 | 21.43 |
| 2014 (1) | 2.98 | -12.87 | 14.33 | 0 | 10.62 | 0 | 7.24 | 10.62 | 17.66 | 0 | 14.04 | 0 | 6.93 | 0 | 4.51 | 0 | 0.28 | 0.0 | 27.46 | -5.99 | 74.87 | 4.45 | 60.12 | 26.86 | 39.88 | -24.22 | 0.00 | 0 | 5.60 | 5.07 |
