- 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) | 0.19 | -13.64 | -36.67 | 18.82 | 19.64 | -0.21 | 4.68 | 28.57 | 3.08 | 3.92 | -7.55 | -34.67 | 2.82 | -14.55 | -40.25 | 1.26 | -13.1 | -37.62 | 0.71 | -11.25 | -31.73 | 0.21 | 5.0 | 10.53 | 9.04 | -1.85 | -20.91 | 115.77 | -1.88 | -6.41 | 118.52 | 43.21 | 55.3 | -18.52 | -234.26 | -178.19 | 0.00 | -100.0 | -100.0 |
| 24Q2 (19) | 0.22 | -26.67 | 2100.0 | 15.73 | -12.47 | 9.77 | 3.64 | -21.72 | 419.3 | 4.24 | -33.75 | 3433.33 | 3.30 | -32.1 | 1169.23 | 1.45 | -27.14 | 1511.11 | 0.80 | -23.81 | 300.0 | 0.20 | 5.26 | 25.0 | 9.21 | -21.42 | 44.36 | 117.99 | 0.94 | -6.07 | 82.76 | 14.15 | 113.79 | 13.79 | -49.84 | -98.03 | 11.93 | -7.01 | -5.32 |
| 24Q1 (18) | 0.30 | 25.0 | 42.86 | 17.97 | -13.65 | -9.88 | 4.65 | -22.37 | -17.7 | 6.40 | 49.18 | 34.45 | 4.86 | 27.23 | 35.38 | 1.99 | 25.95 | 46.32 | 1.05 | 23.53 | 38.16 | 0.19 | 0.0 | 11.76 | 11.72 | 20.58 | 9.74 | 116.89 | -2.75 | -6.03 | 72.50 | -47.09 | -38.83 | 27.50 | 174.25 | 248.5 | 12.83 | 2.97 | 2.23 |
| 23Q4 (17) | 0.24 | -20.0 | 4.35 | 20.81 | 10.34 | 51.02 | 5.99 | 31.94 | 104.44 | 4.29 | -28.5 | -5.71 | 3.82 | -19.07 | 7.3 | 1.58 | -21.78 | 5.33 | 0.85 | -18.27 | 10.39 | 0.19 | 0.0 | 11.76 | 9.72 | -14.96 | -2.99 | 120.19 | -2.84 | -5.06 | 137.04 | 79.57 | 120.78 | -37.04 | -256.38 | -207.41 | 12.46 | 6.77 | 24.23 |
| 23Q3 (16) | 0.30 | 2900.0 | 650.0 | 18.86 | 31.61 | 73.03 | 4.54 | 498.25 | 300.88 | 6.00 | 4900.0 | 1664.71 | 4.72 | 1715.38 | 825.49 | 2.02 | 2144.44 | 741.67 | 1.04 | 420.0 | 352.17 | 0.19 | 18.75 | 5.56 | 11.43 | 79.15 | 125.0 | 123.70 | -1.53 | -22.1 | 76.32 | 112.72 | 109.54 | 23.68 | -96.62 | -97.37 | 11.67 | -7.38 | 12.0 |
| 23Q2 (15) | 0.01 | -95.24 | -94.12 | 14.33 | -28.13 | 6.15 | -1.14 | -120.18 | -173.08 | 0.12 | -97.48 | -95.47 | 0.26 | -92.76 | -87.62 | 0.09 | -93.38 | -92.37 | 0.20 | -73.68 | -66.1 | 0.16 | -5.88 | -23.81 | 6.38 | -40.26 | -6.86 | 125.62 | 0.99 | -26.5 | -600.00 | -606.25 | -1115.38 | 700.00 | 3880.0 | 1611.11 | 12.60 | 0.4 | 29.36 |
| 23Q1 (14) | 0.21 | -8.7 | 362.5 | 19.94 | 44.7 | 43.14 | 5.65 | 92.83 | 345.65 | 4.76 | 4.62 | 503.39 | 3.59 | 0.84 | 459.0 | 1.36 | -9.33 | 347.27 | 0.76 | -1.3 | 944.44 | 0.17 | 0.0 | -19.05 | 10.68 | 6.59 | 307.63 | 124.39 | -1.75 | -25.19 | 118.52 | 90.95 | -40.74 | -18.52 | -153.7 | 81.48 | 12.55 | 25.12 | 39.14 |
| 22Q4 (13) | 0.23 | 475.0 | 0 | 13.78 | 26.42 | 9.28 | 2.93 | 229.65 | 761.76 | 4.55 | 1238.24 | 15066.67 | 3.56 | 598.04 | 17900.0 | 1.50 | 525.0 | 15100.0 | 0.77 | 234.78 | 541.67 | 0.17 | -5.56 | -26.09 | 10.02 | 97.24 | 181.46 | 126.60 | -20.27 | -20.63 | 62.07 | 107.76 | 0 | 34.48 | -96.17 | 0 | 10.03 | -3.74 | 26.8 |
| 22Q3 (12) | 0.04 | -76.47 | 233.33 | 10.90 | -19.26 | -17.98 | -2.26 | -244.87 | -169.05 | 0.34 | -87.17 | 121.25 | 0.51 | -75.71 | 230.77 | 0.24 | -79.66 | 214.29 | 0.23 | -61.02 | 666.67 | 0.18 | -14.29 | -18.18 | 5.08 | -25.84 | 119.91 | 158.79 | -7.1 | -1.98 | -800.00 | -1453.85 | -1471.43 | 900.00 | 2100.0 | 1700.0 | 10.42 | 6.98 | 22.3 |
| 22Q2 (11) | 0.17 | 312.5 | 54.55 | 13.50 | -3.09 | -3.02 | 1.56 | 167.83 | -50.0 | 2.65 | 324.58 | 58.68 | 2.10 | 310.0 | 65.35 | 1.18 | 314.55 | 55.26 | 0.59 | 755.56 | 40.48 | 0.21 | 0.0 | -19.23 | 6.85 | 161.45 | 35.38 | 170.92 | 2.79 | 23.37 | 59.09 | -70.45 | -67.17 | 40.91 | 140.91 | 147.2 | 9.74 | 7.98 | 29.69 |
| 22Q1 (10) | -0.08 | 0 | -500.0 | 13.93 | 10.47 | -3.93 | -2.30 | -776.47 | -303.54 | -1.18 | -4033.33 | -300.0 | -1.00 | -4900.0 | -422.58 | -0.55 | -5400.0 | -492.86 | -0.09 | -175.0 | -160.0 | 0.21 | -8.7 | -4.55 | 2.62 | -26.4 | -45.87 | 166.28 | 4.24 | 43.74 | 200.00 | 0 | 0.0 | -100.00 | 0 | 0.0 | 9.02 | 14.03 | 4.16 |
| 21Q4 (9) | 0.00 | 100.0 | -100.0 | 12.61 | -5.12 | -30.79 | 0.34 | 140.48 | -96.76 | 0.03 | 101.88 | -99.63 | -0.02 | 94.87 | -100.27 | -0.01 | 95.24 | -100.27 | 0.12 | 300.0 | -93.62 | 0.23 | 4.55 | -4.17 | 3.56 | 54.11 | -71.13 | 159.51 | -1.53 | 50.78 | 0.00 | -100.0 | -100.0 | 0.00 | -100.0 | 100.0 | 7.91 | -7.16 | -18.95 |
| 21Q3 (8) | -0.03 | -127.27 | -109.68 | 13.29 | -4.53 | -39.2 | -0.84 | -126.92 | -107.73 | -1.60 | -195.81 | -127.92 | -0.39 | -130.71 | -108.39 | -0.21 | -127.63 | -109.5 | 0.03 | -92.86 | -97.37 | 0.22 | -15.38 | -4.35 | 2.31 | -54.35 | -77.87 | 161.99 | 16.93 | 44.85 | 58.33 | -67.59 | -69.21 | 50.00 | 157.69 | 155.88 | 8.52 | 13.45 | -9.75 |
| 21Q2 (7) | 0.11 | 450.0 | 124.44 | 13.92 | -4.0 | -11.05 | 3.12 | 176.11 | 131.39 | 1.67 | 183.05 | 113.46 | 1.27 | 309.68 | 112.38 | 0.76 | 442.86 | 124.44 | 0.42 | 180.0 | 127.81 | 0.26 | 18.18 | 73.33 | 5.06 | 4.55 | 184.33 | 138.54 | 19.76 | 31.78 | 180.00 | -10.0 | 126.05 | -86.67 | 13.33 | -525.45 | 7.51 | -13.28 | 0 |
| 21Q1 (6) | 0.02 | -96.36 | -93.94 | 14.50 | -20.42 | -30.29 | 1.13 | -89.25 | -80.78 | 0.59 | -92.76 | -90.59 | 0.31 | -95.81 | -95.05 | 0.14 | -96.28 | -93.78 | 0.15 | -92.02 | -88.0 | 0.22 | -8.33 | 15.79 | 4.84 | -60.75 | -57.17 | 115.68 | 9.35 | 31.45 | 200.00 | 53.85 | 112.9 | -100.00 | -252.94 | -1750.0 | 8.66 | -11.27 | 0 |
| 20Q4 (5) | 0.55 | 77.42 | 139.13 | 18.22 | -16.65 | -14.94 | 10.51 | -3.31 | 61.94 | 8.15 | 42.23 | 111.14 | 7.39 | 58.92 | 172.69 | 3.76 | 70.14 | 139.49 | 1.88 | 64.91 | 113.64 | 0.24 | 4.35 | -17.24 | 12.33 | 18.1 | 69.6 | 105.79 | -5.4 | 7.79 | 130.00 | -31.39 | -22.96 | -28.33 | 68.33 | 58.79 | 9.76 | 3.39 | 0 |
| 20Q3 (4) | 0.31 | 168.89 | 0.0 | 21.86 | 39.68 | 0.0 | 10.87 | 209.36 | 0.0 | 5.73 | 146.17 | 0.0 | 4.65 | 145.32 | 0.0 | 2.21 | 171.06 | 0.0 | 1.14 | 175.5 | 0.0 | 0.23 | 53.33 | 0.0 | 10.44 | 274.0 | 0.0 | 111.83 | 6.37 | 0.0 | 189.47 | 137.94 | 0.0 | -89.47 | -539.23 | 0.0 | 9.44 | 0 | 0.0 |
| 20Q2 (3) | -0.45 | -236.36 | 0.0 | 15.65 | -24.76 | 0.0 | -9.94 | -269.05 | 0.0 | -12.41 | -297.93 | 0.0 | -10.26 | -263.9 | 0.0 | -3.11 | -238.22 | 0.0 | -1.51 | -220.8 | 0.0 | 0.15 | -21.05 | 0.0 | -6.00 | -153.1 | 0.0 | 105.13 | 19.47 | 0.0 | 79.63 | -15.23 | 0.0 | 20.37 | 236.11 | 0.0 | 0.00 | 0 | 0.0 |
| 20Q1 (2) | 0.33 | 43.48 | 0.0 | 20.80 | -2.89 | 0.0 | 5.88 | -9.4 | 0.0 | 6.27 | 62.44 | 0.0 | 6.26 | 131.0 | 0.0 | 2.25 | 43.31 | 0.0 | 1.25 | 42.05 | 0.0 | 0.19 | -34.48 | 0.0 | 11.30 | 55.43 | 0.0 | 88.00 | -10.33 | 0.0 | 93.94 | -44.33 | 0.0 | 6.06 | 108.82 | 0.0 | 0.00 | 0 | 0.0 |
| 19Q4 (1) | 0.23 | 0.0 | 0.0 | 21.42 | 0.0 | 0.0 | 6.49 | 0.0 | 0.0 | 3.86 | 0.0 | 0.0 | 2.71 | 0.0 | 0.0 | 1.57 | 0.0 | 0.0 | 0.88 | 0.0 | 0.0 | 0.29 | 0.0 | 0.0 | 7.27 | 0.0 | 0.0 | 98.14 | 0.0 | 0.0 | 168.75 | 0.0 | 0.0 | -68.75 | 0.0 | 0.0 | 0.00 | 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) | 0.76 | 117.14 | 18.58 | 42.38 | 3.87 | 0 | 4.56 | 29.68 | 3.89 | 166.44 | 3.18 | 167.23 | 5.03 | 108.71 | 2.85 | 79.25 | 0.71 | -14.46 | 9.59 | 61.18 | 120.19 | -5.06 | 100.00 | 0 | 1.09 | -99.01 | 1.58 | -2.85 | 12.31 | 26.0 |
| 2022 (9) | 0.35 | 250.0 | 13.05 | -3.55 | -0.11 | 0 | 3.52 | 11.47 | 1.46 | 630.0 | 1.19 | 283.87 | 2.41 | 249.28 | 1.59 | 123.94 | 0.83 | -12.63 | 5.95 | 52.17 | 126.60 | -20.63 | -6.98 | 0 | 109.30 | 0 | 1.62 | 23.11 | 9.77 | 20.47 |
| 2021 (8) | 0.10 | -86.49 | 13.53 | -30.08 | 0.98 | -83.16 | 3.16 | -28.31 | 0.20 | -93.9 | 0.31 | -90.1 | 0.69 | -86.25 | 0.71 | -74.64 | 0.95 | 20.25 | 3.91 | -52.38 | 159.51 | 50.78 | 516.67 | 194.16 | -416.67 | 0 | 1.32 | -22.55 | 8.11 | -19.86 |
| 2020 (7) | 0.74 | -37.82 | 19.35 | -5.24 | 5.82 | -7.91 | 4.40 | 39.74 | 3.28 | -40.47 | 3.13 | -15.63 | 5.02 | -39.37 | 2.80 | -37.78 | 0.79 | -26.85 | 8.21 | -11.34 | 105.79 | 7.79 | 175.64 | 53.69 | -76.92 | 0 | 1.70 | 1547.09 | 10.12 | 27.78 |
| 2019 (6) | 1.19 | 1090.0 | 20.42 | 69.6 | 6.32 | 214.43 | 3.15 | 19.36 | 5.51 | 274.83 | 3.71 | 1225.0 | 8.28 | 1018.92 | 4.50 | 429.41 | 1.08 | -10.74 | 9.26 | 97.86 | 98.14 | -15.33 | 114.29 | -16.6 | -14.29 | 0 | 0.10 | -22.93 | 7.92 | 28.99 |
| 2018 (5) | 0.10 | -84.13 | 12.04 | -14.12 | 2.01 | -40.36 | 2.64 | -13.98 | 1.47 | -54.06 | 0.28 | -85.19 | 0.74 | -83.22 | 0.85 | -67.05 | 1.21 | 7.08 | 4.68 | -30.87 | 115.91 | -1.38 | 137.04 | 29.7 | -37.04 | 0 | 0.13 | 0 | 6.14 | -9.71 |
| 2017 (4) | 0.63 | -14.86 | 14.02 | -23.3 | 3.37 | -43.27 | 3.07 | -11.3 | 3.20 | -17.1 | 1.89 | -22.54 | 4.41 | -12.67 | 2.58 | -14.57 | 1.13 | 4.63 | 6.77 | -13.43 | 117.53 | 20.51 | 105.66 | -31.53 | -5.66 | 0 | 0.00 | 0 | 6.80 | -10.41 |
| 2016 (3) | 0.74 | -40.8 | 18.28 | -8.46 | 5.94 | 1.54 | 3.46 | 21.09 | 3.86 | -28.12 | 2.44 | -31.65 | 5.05 | -38.34 | 3.02 | -32.44 | 1.08 | 0.93 | 7.82 | -13.3 | 97.53 | 13.25 | 154.31 | 41.71 | -54.31 | 0 | 0.00 | 0 | 7.59 | 2.15 |
| 2015 (2) | 1.25 | 66.67 | 19.97 | 53.73 | 5.85 | 147.88 | 2.86 | 29.63 | 5.37 | 172.59 | 3.57 | 183.33 | 8.19 | 113.84 | 4.47 | 80.97 | 1.07 | -13.71 | 9.02 | 76.86 | 86.12 | -39.36 | 108.89 | -8.57 | -8.89 | 0 | 0.00 | 0 | 7.43 | 36.08 |
| 2014 (1) | 0.75 | 8.7 | 12.99 | 0 | 2.36 | 0 | 2.20 | -1.76 | 1.97 | 0 | 1.26 | 0 | 3.83 | 0 | 2.47 | 0 | 1.24 | 0.0 | 5.10 | -3.95 | 142.02 | -3.51 | 119.10 | -7.04 | -19.10 | 0 | 0.00 | 0 | 5.46 | 8.98 |
