- 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) | 1.21 | -46.7 | -48.07 | 28.85 | -3.58 | 34.81 | 25.34 | -13.46 | 73.8 | 19.44 | -44.82 | -28.5 | 15.35 | -46.25 | -42.66 | 5.58 | -48.33 | -15.58 | 3.67 | -50.87 | -29.15 | 0.24 | -7.69 | 26.32 | 19.54 | -44.66 | -28.03 | 48.28 | -17.37 | 91.59 | 130.69 | 58.03 | 145.83 | -30.69 | -283.17 | -165.53 | 0.96 | 9.09 | -21.31 |
| 24Q2 (19) | 2.27 | 30.46 | -32.64 | 29.92 | 7.05 | 28.19 | 29.28 | 35.93 | 53.3 | 35.23 | 3.92 | 24.88 | 28.56 | 4.69 | 2.26 | 10.80 | 24.0 | 36.36 | 7.47 | 11.16 | 19.71 | 0.26 | 4.0 | 18.18 | 35.31 | 3.94 | 24.59 | 58.43 | 87.7 | 93.03 | 82.70 | 29.96 | 21.3 | 16.76 | -53.92 | -49.15 | 0.88 | -12.87 | -12.0 |
| 24Q1 (18) | 1.74 | 29.85 | -30.95 | 27.95 | 16.41 | 15.73 | 21.54 | -12.33 | 1.13 | 33.90 | 120.56 | 76.1 | 27.28 | 98.4 | 41.71 | 8.71 | 129.21 | 38.69 | 6.72 | 124.0 | 33.6 | 0.25 | 13.64 | -3.85 | 33.97 | 119.16 | 75.01 | 31.13 | 11.78 | 33.89 | 63.64 | -59.85 | -42.55 | 36.36 | 162.17 | 437.66 | 1.01 | 7.45 | 20.24 |
| 23Q4 (17) | 1.34 | -42.49 | -6.94 | 24.01 | 12.2 | -2.91 | 24.57 | 68.52 | 48.37 | 15.37 | -43.47 | 47.36 | 13.75 | -48.64 | 23.43 | 3.80 | -42.51 | 0.53 | 3.00 | -42.08 | -0.99 | 0.22 | 15.79 | -18.52 | 15.50 | -42.91 | 49.18 | 27.85 | 10.52 | 3.15 | 158.49 | 198.11 | -0.94 | -58.49 | -224.89 | 2.52 | 0.94 | -22.95 | -36.49 |
| 23Q3 (16) | 2.33 | -30.86 | -45.81 | 21.40 | -8.31 | -16.18 | 14.58 | -23.66 | -29.57 | 27.19 | -3.62 | -27.67 | 26.77 | -4.15 | -29.55 | 6.61 | -16.54 | -45.82 | 5.18 | -16.99 | -47.46 | 0.19 | -13.64 | -26.92 | 27.15 | -4.2 | -28.1 | 25.20 | -16.75 | 11.36 | 53.16 | -22.03 | -3.26 | 46.84 | 42.12 | 3.97 | 1.22 | 22.0 | 54.43 |
| 23Q2 (15) | 3.37 | 33.73 | -2.6 | 23.34 | -3.35 | -12.78 | 19.10 | -10.33 | -13.81 | 28.21 | 46.55 | -6.15 | 27.93 | 45.09 | -7.36 | 7.92 | 26.11 | -28.2 | 6.24 | 24.06 | -28.85 | 0.22 | -15.38 | -24.14 | 28.34 | 46.01 | -6.16 | 30.27 | 30.19 | 20.93 | 68.18 | -38.45 | -7.02 | 32.95 | 406.01 | 23.58 | 1.00 | 19.05 | 31.58 |
| 23Q1 (14) | 2.52 | 75.0 | -4.18 | 24.15 | -2.35 | 5.23 | 21.30 | 28.62 | 9.91 | 19.25 | 84.56 | -25.62 | 19.25 | 72.8 | -24.83 | 6.28 | 66.14 | -32.4 | 5.03 | 66.01 | -31.38 | 0.26 | -3.7 | -10.34 | 19.41 | 86.81 | -24.88 | 23.25 | -13.89 | -12.95 | 110.77 | -30.77 | 46.98 | -10.77 | 82.05 | -143.71 | 0.84 | -43.24 | -2.33 |
| 22Q4 (13) | 1.44 | -66.51 | -33.94 | 24.73 | -3.13 | 5.23 | 16.56 | -20.0 | -15.38 | 10.43 | -72.25 | -44.22 | 11.14 | -70.68 | -40.4 | 3.78 | -69.02 | -47.65 | 3.03 | -69.27 | -49.25 | 0.27 | 3.85 | -15.62 | 10.39 | -72.48 | -44.44 | 27.00 | 19.31 | 1.12 | 160.00 | 191.15 | 53.73 | -60.00 | -233.2 | -1370.0 | 1.48 | 87.34 | 82.72 |
| 22Q3 (12) | 4.30 | 24.28 | 317.48 | 25.53 | -4.6 | 2.37 | 20.70 | -6.59 | 8.6 | 37.59 | 25.05 | 90.33 | 38.00 | 26.04 | 92.41 | 12.20 | 10.61 | 191.87 | 9.86 | 12.43 | 158.12 | 0.26 | -10.34 | 36.84 | 37.76 | 25.03 | 88.8 | 22.63 | -9.59 | 53.53 | 54.95 | -25.06 | -42.93 | 45.05 | 68.92 | 1116.22 | 0.79 | 3.95 | -50.62 |
| 22Q2 (11) | 3.46 | 31.56 | 11633.33 | 26.76 | 16.6 | 50.51 | 22.16 | 14.34 | 412.96 | 30.06 | 16.15 | 1955.56 | 30.15 | 17.73 | 2008.23 | 11.03 | 18.73 | 9291.67 | 8.77 | 19.65 | 7408.33 | 0.29 | 0.0 | 314.29 | 30.20 | 16.87 | 0 | 25.03 | -6.29 | 634.02 | 73.33 | -2.69 | 136.67 | 26.67 | 8.24 | -86.67 | 0.76 | -11.63 | -89.3 |
| 22Q1 (10) | 2.63 | 20.64 | 471.74 | 22.95 | -2.34 | 27.64 | 19.38 | -0.97 | 187.11 | 25.88 | 38.4 | 53.05 | 25.61 | 37.03 | 51.72 | 9.29 | 28.67 | 348.79 | 7.33 | 22.78 | 316.48 | 0.29 | -9.38 | 190.0 | 25.84 | 38.18 | 38.92 | 26.71 | 0.04 | 140.2 | 75.36 | -27.59 | 75.85 | 24.64 | 703.62 | -56.88 | 0.86 | 6.17 | -75.43 |
| 21Q4 (9) | 2.18 | 111.65 | 172.5 | 23.50 | -5.77 | 16.51 | 19.57 | 2.68 | 34.04 | 18.70 | -5.32 | 58.47 | 18.69 | -5.37 | 58.52 | 7.22 | 72.73 | 93.57 | 5.97 | 56.28 | 91.96 | 0.32 | 68.42 | 23.08 | 18.70 | -6.5 | 56.75 | 26.70 | 81.14 | 9.52 | 104.08 | 8.08 | -15.43 | -4.08 | -210.2 | 82.31 | 0.81 | -49.38 | -63.35 |
| 21Q3 (8) | 1.03 | 3533.33 | 5050.0 | 24.94 | 40.27 | 65.17 | 19.06 | 341.2 | 331.22 | 19.75 | 1319.14 | 2498.68 | 19.75 | 1350.0 | 2568.92 | 4.18 | 3583.33 | 3700.0 | 3.82 | 3283.33 | 3720.0 | 0.19 | 171.43 | 46.15 | 20.00 | 0 | 619.42 | 14.74 | 332.26 | -3.22 | 96.30 | 148.15 | 0 | 3.70 | -98.15 | 0 | 1.60 | -77.46 | -60.98 |
| 21Q2 (7) | -0.03 | -106.52 | 92.86 | 17.78 | -1.11 | -20.13 | 4.32 | -36.0 | 336.07 | -1.62 | -109.58 | 96.1 | -1.58 | -109.36 | 96.2 | -0.12 | -105.8 | 98.62 | -0.12 | -106.82 | 97.91 | 0.07 | -30.0 | -50.0 | 0.00 | -100.0 | 100.0 | 3.41 | -69.33 | -88.08 | -200.00 | -566.67 | 0 | 200.00 | 250.0 | 133.33 | 7.10 | 102.86 | 0 |
| 21Q1 (6) | 0.46 | -42.5 | 387.5 | 17.98 | -10.86 | 140.7 | 6.75 | -53.77 | 116.58 | 16.91 | 43.31 | 144.27 | 16.88 | 43.17 | 147.82 | 2.07 | -44.5 | 114.83 | 1.76 | -43.41 | 139.82 | 0.10 | -61.54 | -16.67 | 18.60 | 55.91 | 165.1 | 11.12 | -54.39 | -95.03 | 42.86 | -65.18 | -57.14 | 57.14 | 347.62 | 0 | 3.50 | 58.37 | 0 |
| 20Q4 (5) | 0.80 | 3900.0 | 633.33 | 20.17 | 33.58 | 51.43 | 14.60 | 230.32 | 143.54 | 11.80 | 1452.63 | 155.63 | 11.79 | 1493.24 | 154.26 | 3.73 | 3290.91 | 127.41 | 3.11 | 3010.0 | 166.74 | 0.26 | 100.0 | 23.81 | 11.93 | 329.14 | 151.69 | 24.38 | 60.08 | -88.07 | 123.08 | 0 | -26.15 | -23.08 | 0 | 65.38 | 2.21 | -46.1 | -89.44 |
| 20Q3 (4) | 0.02 | 104.76 | 0.0 | 15.10 | -32.17 | 0.0 | 4.42 | 341.53 | 0.0 | 0.76 | 101.83 | 0.0 | 0.74 | 101.78 | 0.0 | 0.11 | 101.27 | 0.0 | 0.10 | 101.74 | 0.0 | 0.13 | -7.14 | 0.0 | 2.78 | 106.35 | 0.0 | 15.23 | -46.75 | 0.0 | 0.00 | 0 | 0.0 | 0.00 | -100.0 | 0.0 | 4.10 | 0 | 0.0 |
| 20Q2 (3) | -0.42 | -162.5 | 0.0 | 22.26 | 197.99 | 0.0 | -1.83 | 95.51 | 0.0 | -41.51 | -8.66 | 0.0 | -41.55 | -17.71 | 0.0 | -8.69 | 37.75 | 0.0 | -5.74 | -29.86 | 0.0 | 0.14 | 16.67 | 0.0 | -43.75 | -53.13 | 0.0 | 28.60 | -87.22 | 0.0 | 0.00 | -100.0 | 0.0 | 85.71 | 0 | 0.0 | 0.00 | 0 | 0.0 |
| 20Q1 (2) | -0.16 | -6.67 | 0.0 | 7.47 | -43.92 | 0.0 | -40.72 | -21.44 | 0.0 | -38.20 | -80.1 | 0.0 | -35.30 | -62.45 | 0.0 | -13.96 | -2.57 | 0.0 | -4.42 | 5.15 | 0.0 | 0.12 | -42.86 | 0.0 | -28.57 | -23.79 | 0.0 | 223.85 | 9.54 | 0.0 | 100.00 | -40.0 | 0.0 | -0.00 | 100.0 | 0.0 | 0.00 | -100.0 | 0.0 |
| 19Q4 (1) | -0.15 | 0.0 | 0.0 | 13.32 | 0.0 | 0.0 | -33.53 | 0.0 | 0.0 | -21.21 | 0.0 | 0.0 | -21.73 | 0.0 | 0.0 | -13.61 | 0.0 | 0.0 | -4.66 | 0.0 | 0.0 | 0.21 | 0.0 | 0.0 | -23.08 | 0.0 | 0.0 | 204.36 | 0.0 | 0.0 | 166.67 | 0.0 | 0.0 | -66.67 | 0.0 | 0.0 | 20.93 | 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) | 7.90 | -33.16 | 23.30 | -6.91 | 20.12 | 2.65 | 0.00 | 0 | 22.20 | -12.77 | 21.60 | -16.02 | 24.47 | -31.91 | 19.19 | -32.26 | 0.89 | -19.09 | 22.24 | -12.78 | 27.85 | 3.15 | 90.88 | 18.06 | 9.47 | -58.86 | 0.00 | 0 | 0.99 | 0.0 |
| 2022 (9) | 11.82 | 222.95 | 25.03 | 9.06 | 19.60 | 15.09 | 0.00 | 0 | 25.45 | 47.97 | 25.72 | 49.53 | 35.94 | 129.65 | 28.33 | 127.92 | 1.10 | 52.78 | 25.50 | 47.14 | 27.00 | 1.12 | 76.97 | -23.03 | 23.03 | 1788.16 | 0.00 | 0 | 0.99 | -44.38 |
| 2021 (8) | 3.66 | 1425.0 | 22.95 | 22.4 | 17.03 | 99.88 | 0.21 | -64.93 | 17.20 | 674.77 | 17.20 | 638.2 | 15.65 | 682.5 | 12.43 | 728.67 | 0.72 | 5.88 | 17.33 | 481.54 | 26.70 | 9.52 | 100.00 | -71.43 | 1.22 | 0 | 0.00 | 0 | 1.78 | -60.71 |
| 2020 (7) | 0.24 | 0 | 18.75 | 0 | 8.52 | 0 | 0.60 | 0 | 2.22 | -92.27 | 2.33 | -91.73 | 2.00 | -96.59 | 1.50 | -92.79 | 0.68 | -6.85 | 2.98 | -89.38 | 24.38 | -88.07 | 350.00 | 0 | -275.00 | 0 | 0.00 | 0 | 4.53 | -81.11 |
| 2019 (6) | -1.28 | 0 | -6.51 | 0 | -45.14 | 0 | 0.00 | 0 | 28.73 | 0 | 28.16 | 0 | 58.62 | 0 | 20.81 | 0 | 0.73 | 73.81 | 28.07 | 0 | 204.36 | 19.16 | -162.50 | 0 | 262.50 | 0 | 0.00 | 0 | 23.98 | -61.27 |
| 2018 (5) | -4.02 | 0 | -100.35 | 0 | -137.32 | 0 | 11.32 | 100.54 | -95.37 | 0 | -95.67 | 0 | -92.84 | 0 | -38.78 | 0 | 0.42 | -26.32 | -83.02 | 0 | 171.50 | 46.91 | 143.14 | 53.55 | -43.14 | 0 | 0.00 | 0 | 61.91 | 82.36 |
| 2017 (4) | -12.31 | 0 | -18.89 | 0 | -44.35 | 0 | 5.65 | -5.57 | -48.08 | 0 | -48.12 | 0 | -56.75 | 0 | -26.56 | 0 | 0.57 | 0.0 | -40.32 | 0 | 116.74 | 16.29 | 93.22 | 7.34 | 8.47 | -35.59 | 0.00 | 0 | 33.95 | 26.21 |
| 2016 (3) | -1.94 | 0 | -13.29 | 0 | -35.71 | 0 | 5.98 | -61.91 | -41.12 | 0 | -41.05 | 0 | -47.35 | 0 | -22.00 | 0 | 0.57 | 26.67 | -32.07 | 0 | 100.39 | -4.6 | 86.84 | 0 | 13.16 | -98.45 | 0.00 | 0 | 26.90 | 10.52 |
| 2015 (2) | 1.78 | 0 | -5.92 | 0 | -27.19 | 0 | 15.70 | -13.28 | 3.46 | 0 | -17.12 | 0 | -18.73 | 0 | -5.51 | 0 | 0.45 | 28.57 | 27.80 | 0 | 105.23 | -39.98 | -762.50 | 0 | 850.00 | 61950.0 | 0.00 | 0 | 24.34 | -11.39 |
| 2014 (1) | -0.79 | 0 | -10.49 | 0 | -32.69 | 0 | 18.10 | -10.71 | -33.15 | 0 | -33.12 | 0 | -28.29 | 0 | -10.20 | 0 | 0.35 | 16.67 | -9.50 | 0 | 175.32 | 49.58 | 98.63 | 48.42 | 1.37 | -95.92 | 0.00 | 0 | 27.47 | -9.55 |
