- 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) | 0.03 | -66.67 | -25.0 | 38.52 | 1.0 | 9.77 | 4.40 | -52.84 | 5.52 | 4.69 | -60.39 | -20.78 | 3.74 | -61.91 | -19.74 | 0.26 | -63.89 | -13.33 | 0.24 | -62.5 | -14.29 | 0.06 | 0.0 | 0.0 | 22.10 | -21.3 | -5.88 | 12.88 | -17.7 | -0.39 | 94.12 | 19.3 | 35.95 | 5.88 | -72.14 | -80.88 | 33.80 | 1.53 | -7.45 |
| 24Q2 (19) | 0.09 | -50.0 | 28.57 | 38.14 | -4.65 | 1.76 | 9.33 | -45.72 | 51.22 | 11.84 | -40.26 | 35.16 | 9.82 | -38.04 | 30.24 | 0.72 | -46.27 | 30.91 | 0.64 | -46.67 | 30.61 | 0.06 | -14.29 | 0.0 | 28.08 | -16.53 | 15.84 | 15.65 | 13.57 | -7.01 | 78.89 | -9.17 | 10.78 | 21.11 | 60.63 | -30.33 | 33.29 | 15.59 | 4.69 |
| 24Q1 (18) | 0.18 | -10.0 | 260.0 | 40.00 | -1.84 | 6.35 | 17.19 | 0.76 | 128.29 | 19.82 | 16.59 | 143.79 | 15.85 | 13.13 | 144.6 | 1.34 | -12.42 | 235.0 | 1.20 | -12.41 | 224.32 | 0.07 | -30.0 | 40.0 | 33.64 | 21.88 | 27.47 | 13.78 | 5.27 | -4.77 | 86.86 | -13.6 | -6.05 | 13.14 | 2610.29 | 74.14 | 28.80 | 22.61 | -15.34 |
| 23Q4 (17) | 0.20 | 400.0 | 53.85 | 40.75 | 16.13 | 12.82 | 17.06 | 309.11 | 38.03 | 17.00 | 187.16 | 39.69 | 14.01 | 200.64 | 40.1 | 1.53 | 410.0 | 57.73 | 1.37 | 389.29 | 57.47 | 0.10 | 66.67 | 11.11 | 27.60 | 17.55 | 15.38 | 13.09 | 1.24 | -6.37 | 100.52 | 45.2 | -1.07 | -0.52 | -101.7 | 67.54 | 23.49 | -35.68 | 5.81 |
| 23Q3 (16) | 0.04 | -42.86 | -50.0 | 35.09 | -6.38 | 2.84 | 4.17 | -32.41 | -48.45 | 5.92 | -32.42 | -45.69 | 4.66 | -38.2 | -45.75 | 0.30 | -45.45 | -48.28 | 0.28 | -42.86 | -46.15 | 0.06 | 0.0 | 0.0 | 23.48 | -3.14 | -15.54 | 12.93 | -23.17 | 0.08 | 69.23 | -2.78 | -6.48 | 30.77 | 1.54 | 18.46 | 36.52 | 14.84 | 20.89 |
| 23Q2 (15) | 0.07 | 40.0 | -50.0 | 37.48 | -0.35 | -12.72 | 6.17 | -18.06 | -63.05 | 8.76 | 7.75 | -49.94 | 7.54 | 16.36 | -46.64 | 0.55 | 37.5 | -49.07 | 0.49 | 32.43 | -48.96 | 0.06 | 20.0 | -14.29 | 24.24 | -8.15 | -22.78 | 16.83 | 16.31 | 5.72 | 71.21 | -22.97 | -25.62 | 30.30 | 301.52 | 612.12 | 31.80 | -6.53 | 16.78 |
| 23Q1 (14) | 0.05 | -61.54 | -50.0 | 37.61 | 4.13 | -6.72 | 7.53 | -39.08 | -37.15 | 8.13 | -33.2 | -37.89 | 6.48 | -35.2 | -38.11 | 0.40 | -58.76 | -45.21 | 0.37 | -57.47 | -44.78 | 0.05 | -44.44 | -16.67 | 26.39 | 10.33 | 0.92 | 14.47 | 3.51 | 18.32 | 92.45 | -9.01 | 1.91 | 7.55 | 567.92 | -8.49 | 34.02 | 53.24 | 17.15 |
| 22Q4 (13) | 0.13 | 62.5 | 85.71 | 36.12 | 5.86 | -22.57 | 12.36 | 52.78 | 43.72 | 12.17 | 11.65 | 30.44 | 10.00 | 16.41 | 33.87 | 0.97 | 67.24 | 86.54 | 0.87 | 67.31 | 81.25 | 0.09 | 50.0 | 50.0 | 23.92 | -13.96 | 5.51 | 13.98 | 8.2 | 24.49 | 101.61 | 37.27 | 9.81 | -1.61 | -106.21 | -121.61 | 22.20 | -26.51 | -26.15 |
| 22Q3 (12) | 0.08 | -42.86 | 700.0 | 34.12 | -20.54 | -8.16 | 8.09 | -51.56 | 840.7 | 10.90 | -37.71 | 564.63 | 8.59 | -39.21 | 536.3 | 0.58 | -46.3 | 544.44 | 0.52 | -45.83 | 477.78 | 0.06 | -14.29 | 0.0 | 27.80 | -11.44 | 69.93 | 12.92 | -18.84 | 18.32 | 74.03 | -22.68 | 35.71 | 25.97 | 510.39 | -42.86 | 30.21 | 10.94 | -2.99 |
| 22Q2 (11) | 0.14 | 40.0 | 27.27 | 42.94 | 6.5 | -4.77 | 16.70 | 39.4 | 12.69 | 17.50 | 33.69 | 17.14 | 14.13 | 34.96 | 16.49 | 1.08 | 47.95 | 25.58 | 0.96 | 43.28 | 26.32 | 0.07 | 16.67 | 16.67 | 31.39 | 20.04 | 12.35 | 15.92 | 30.17 | -2.33 | 95.74 | 5.54 | -3.39 | 4.26 | -48.4 | 376.6 | 27.23 | -6.23 | -6.94 |
| 22Q1 (10) | 0.10 | 42.86 | -9.09 | 40.32 | -13.57 | -29.13 | 11.98 | 39.3 | -30.39 | 13.09 | 40.3 | -25.58 | 10.47 | 40.16 | -25.59 | 0.73 | 40.38 | -14.12 | 0.67 | 39.58 | -11.84 | 0.06 | 0.0 | 20.0 | 26.15 | 15.35 | -20.93 | 12.23 | 8.9 | -3.24 | 90.72 | -1.96 | -6.8 | 8.25 | 10.52 | 365.98 | 29.04 | -3.39 | -14.86 |
| 21Q4 (9) | 0.07 | 600.0 | 600.0 | 46.65 | 25.57 | 56.91 | 8.60 | 900.0 | 252.46 | 9.33 | 468.9 | 571.22 | 7.47 | 453.33 | 703.23 | 0.52 | 477.78 | 550.0 | 0.48 | 433.33 | 500.0 | 0.06 | 0.0 | -14.29 | 22.67 | 38.57 | 76.97 | 11.23 | 2.84 | -10.23 | 92.54 | 69.65 | -47.12 | 7.46 | -83.58 | 109.95 | 30.06 | -3.47 | 20.34 |
| 21Q3 (8) | 0.01 | -90.91 | -90.0 | 37.15 | -17.61 | -24.89 | 0.86 | -94.2 | -93.61 | 1.64 | -89.02 | -86.83 | 1.35 | -88.87 | -86.61 | 0.09 | -89.53 | -87.67 | 0.09 | -88.16 | -86.36 | 0.06 | 0.0 | 0.0 | 16.36 | -41.45 | -37.05 | 10.92 | -33.01 | -24.43 | 54.55 | -44.96 | -49.73 | 45.45 | 4990.91 | 634.09 | 31.14 | 6.43 | 18.58 |
| 21Q2 (7) | 0.11 | 0.0 | -45.0 | 45.09 | -20.74 | -6.55 | 14.82 | -13.89 | -35.23 | 14.94 | -15.07 | -33.18 | 12.13 | -13.79 | -32.04 | 0.86 | 1.18 | -45.57 | 0.76 | 0.0 | -45.32 | 0.06 | 20.0 | -25.0 | 27.94 | -15.51 | -17.09 | 16.30 | 28.96 | -1.98 | 99.11 | 1.81 | -3.28 | 0.89 | -49.55 | 136.25 | 29.26 | -14.22 | 0 |
| 21Q1 (6) | 0.11 | 1000.0 | 175.0 | 56.89 | 91.36 | 26.31 | 17.21 | 605.33 | 109.11 | 17.59 | 1165.47 | 95.23 | 14.07 | 1412.9 | 115.8 | 0.85 | 962.5 | 142.86 | 0.76 | 850.0 | 130.3 | 0.05 | -28.57 | 0.0 | 33.07 | 158.16 | 17.35 | 12.64 | 1.04 | -15.28 | 97.35 | -44.37 | 6.0 | 1.77 | 102.36 | -78.32 | 34.11 | 36.55 | 1.46 |
| 20Q4 (5) | 0.01 | -90.0 | -83.33 | 29.73 | -39.89 | -13.07 | 2.44 | -81.86 | -64.94 | 1.39 | -88.84 | -80.03 | 0.93 | -90.77 | -84.4 | 0.08 | -89.04 | -82.98 | 0.08 | -87.88 | -81.82 | 0.07 | 16.67 | 0.0 | 12.81 | -50.71 | -34.74 | 12.51 | -13.43 | -9.28 | 175.00 | 61.27 | 75.0 | -75.00 | -781.25 | 0 | 24.98 | -4.87 | 0 |
| 20Q3 (4) | 0.10 | -50.0 | 0.0 | 49.46 | 2.51 | 0.0 | 13.45 | -41.22 | 0.0 | 12.45 | -44.32 | 0.0 | 10.08 | -43.53 | 0.0 | 0.73 | -53.8 | 0.0 | 0.66 | -52.52 | 0.0 | 0.06 | -25.0 | 0.0 | 25.99 | -22.88 | 0.0 | 14.45 | -13.11 | 0.0 | 108.51 | 5.9 | 0.0 | -8.51 | -245.53 | 0.0 | 26.26 | 0 | 0.0 |
| 20Q2 (3) | 0.20 | 400.0 | 0.0 | 48.25 | 7.13 | 0.0 | 22.88 | 178.01 | 0.0 | 22.36 | 148.17 | 0.0 | 17.85 | 173.77 | 0.0 | 1.58 | 351.43 | 0.0 | 1.39 | 321.21 | 0.0 | 0.08 | 60.0 | 0.0 | 33.70 | 19.59 | 0.0 | 16.63 | 11.46 | 0.0 | 102.46 | 11.57 | 0.0 | -2.46 | -130.17 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | 0.04 | -33.33 | 0.0 | 45.04 | 31.7 | 0.0 | 8.23 | 18.25 | 0.0 | 9.01 | 29.45 | 0.0 | 6.52 | 9.4 | 0.0 | 0.35 | -25.53 | 0.0 | 0.33 | -25.0 | 0.0 | 0.05 | -28.57 | 0.0 | 28.18 | 43.56 | 0.0 | 14.92 | 8.19 | 0.0 | 91.84 | -8.16 | 0.0 | 8.16 | 0 | 0.0 | 33.62 | 0 | 0.0 |
| 19Q4 (1) | 0.06 | 0.0 | 0.0 | 34.20 | 0.0 | 0.0 | 6.96 | 0.0 | 0.0 | 6.96 | 0.0 | 0.0 | 5.96 | 0.0 | 0.0 | 0.47 | 0.0 | 0.0 | 0.44 | 0.0 | 0.0 | 0.07 | 0.0 | 0.0 | 19.63 | 0.0 | 0.0 | 13.79 | 0.0 | 0.0 | 100.00 | 0.0 | 0.0 | 0.00 | 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) | 0.36 | -20.0 | 38.17 | -0.39 | 9.87 | -20.53 | 14.25 | 7.17 | 10.95 | -18.41 | 9.01 | -16.73 | 2.76 | -18.1 | 2.49 | -18.36 | 0.27 | -3.57 | 25.71 | -5.16 | 13.09 | -6.37 | 89.97 | -2.7 | 9.74 | 33.35 | 0.16 | 93.06 | 30.30 | 13.4 |
| 2022 (9) | 0.45 | 45.16 | 38.32 | -17.34 | 12.42 | 18.85 | 13.30 | -2.07 | 13.42 | 22.67 | 10.82 | 22.81 | 3.37 | 45.89 | 3.05 | 44.55 | 0.28 | 21.74 | 27.11 | 8.53 | 13.98 | 24.49 | 92.47 | -3.37 | 7.31 | 57.6 | 0.08 | 9.06 | 26.72 | -13.92 |
| 2021 (8) | 0.31 | -13.89 | 46.36 | 8.5 | 10.45 | -14.27 | 13.58 | 9.01 | 10.94 | -5.93 | 8.81 | -3.72 | 2.31 | -14.76 | 2.11 | -15.6 | 0.23 | -11.54 | 24.98 | 0.4 | 11.23 | -10.23 | 95.70 | -8.63 | 4.64 | 0 | 0.08 | 1.33 | 31.04 | 18.61 |
| 2020 (7) | 0.36 | 33.33 | 42.73 | 5.07 | 12.19 | 32.21 | 12.46 | -9.24 | 11.63 | 26.97 | 9.15 | 22.16 | 2.71 | 30.29 | 2.50 | 15.74 | 0.26 | 8.33 | 24.88 | -1.27 | 12.51 | -9.28 | 104.74 | 3.95 | -4.74 | 0 | 0.08 | -36.65 | 26.17 | 1.2 |
| 2019 (6) | 0.27 | -51.79 | 40.67 | -7.08 | 9.22 | -41.79 | 13.72 | 22.43 | 9.16 | -34.2 | 7.49 | -40.41 | 2.08 | -50.83 | 2.16 | -46.13 | 0.24 | -14.29 | 25.20 | -9.09 | 13.79 | -28.21 | 100.75 | -11.34 | -0.75 | 0 | 0.12 | -11.38 | 25.86 | 19.5 |
| 2018 (5) | 0.56 | 5.66 | 43.77 | -0.7 | 15.84 | -0.38 | 11.21 | -6.83 | 13.92 | 2.96 | 12.57 | 4.66 | 4.23 | 3.42 | 4.01 | 5.25 | 0.28 | 0.0 | 27.72 | -0.96 | 19.21 | -12.4 | 113.65 | -3.43 | -13.85 | 0 | 0.14 | 0 | 21.64 | -7.28 |
| 2017 (4) | 0.53 | -39.08 | 44.08 | -1.61 | 15.90 | -26.18 | 12.03 | 11.48 | 13.52 | -32.77 | 12.01 | -26.5 | 4.09 | -37.65 | 3.81 | -30.85 | 0.28 | -12.5 | 27.99 | -12.67 | 21.93 | -12.21 | 117.68 | 9.96 | -17.68 | 0 | 0.00 | 0 | 23.34 | 12.27 |
| 2016 (3) | 0.87 | 0.0 | 44.80 | 5.69 | 21.54 | 13.67 | 10.79 | -9.38 | 20.11 | -0.94 | 16.34 | 1.81 | 6.56 | -0.61 | 5.51 | 1.1 | 0.32 | -5.88 | 32.05 | -2.05 | 24.98 | 4.13 | 107.03 | 14.59 | -7.15 | 0 | 0.00 | 0 | 20.79 | 5.21 |
| 2015 (2) | 0.87 | 26.09 | 42.39 | 8.53 | 18.95 | 38.83 | 11.91 | 6.56 | 20.30 | 38.1 | 16.05 | 35.9 | 6.60 | 29.67 | 5.45 | 27.63 | 0.34 | -5.56 | 32.72 | 24.74 | 23.99 | 13.0 | 93.40 | 0.58 | 6.60 | -7.6 | 0.00 | 0 | 19.76 | -3.66 |
| 2014 (1) | 0.69 | -63.3 | 39.06 | 0 | 13.65 | 0 | 11.18 | 29.83 | 14.70 | 0 | 11.81 | 0 | 5.09 | 0 | 4.27 | 0 | 0.36 | -23.4 | 26.23 | -28.41 | 21.23 | 11.21 | 92.86 | -6.41 | 7.14 | 814.94 | 0.00 | 0 | 20.51 | 8.69 |
