- 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) | 1.25 | 23.76 | 32.98 | 7.15 | 2.88 | 4.08 | 3.94 | 9.75 | 27.51 | 4.30 | 4.12 | 5.39 | 4.26 | 5.45 | 5.71 | 6.53 | 14.76 | 5.66 | 2.57 | 13.22 | 9.36 | 0.60 | 7.14 | 3.45 | 4.47 | 4.2 | 5.42 | 151.44 | -4.05 | 15.72 | 91.75 | 6.38 | 19.98 | 8.25 | -40.02 | -67.01 | 2.09 | -10.3 | -16.73 |
| 24Q2 (19) | 1.01 | 3.06 | 20.24 | 6.95 | -12.03 | -0.14 | 3.59 | -9.34 | 14.33 | 4.13 | -14.49 | 0.73 | 4.04 | -15.3 | 1.25 | 5.69 | 3.45 | -26.2 | 2.27 | -9.2 | -14.02 | 0.56 | 5.66 | -15.15 | 4.29 | -14.2 | 0.7 | 157.84 | 9.76 | -26.64 | 86.25 | 4.05 | 12.65 | 13.75 | -25.36 | -41.33 | 2.33 | -15.88 | -11.41 |
| 24Q1 (18) | 0.98 | 46.27 | 32.43 | 7.90 | 25.4 | -15.96 | 3.96 | 211.81 | -5.04 | 4.83 | 148.97 | 2.11 | 4.77 | 32.5 | 3.92 | 5.50 | 65.66 | -16.67 | 2.50 | 60.26 | -9.42 | 0.53 | 23.26 | -11.67 | 5.00 | 128.31 | 0.2 | 143.81 | 48.47 | -14.51 | 82.89 | 29.52 | -5.02 | 18.42 | -48.83 | 44.74 | 2.77 | -16.31 | -21.31 |
| 23Q4 (17) | 0.67 | -28.72 | -11.84 | 6.30 | -8.3 | -37.38 | 1.27 | -58.9 | -38.94 | 1.94 | -52.45 | -73.24 | 3.60 | -10.67 | -47.37 | 3.32 | -46.28 | -49.7 | 1.56 | -33.62 | -46.39 | 0.43 | -25.86 | 2.38 | 2.19 | -48.35 | -71.67 | 96.86 | -25.99 | -14.21 | 64.00 | -16.31 | 124.0 | 36.00 | 44.0 | -49.6 | 3.31 | 31.87 | -41.31 |
| 23Q3 (16) | 0.94 | 11.9 | 42.42 | 6.87 | -1.29 | -19.46 | 3.09 | -1.59 | 11.15 | 4.08 | -0.49 | -17.74 | 4.03 | 1.0 | -17.59 | 6.18 | -19.84 | -0.64 | 2.35 | -10.98 | -5.24 | 0.58 | -12.12 | 16.0 | 4.24 | -0.47 | -20.45 | 130.87 | -39.18 | -11.46 | 76.47 | -0.12 | 35.95 | 25.00 | 6.67 | -42.86 | 2.51 | -4.56 | -31.79 |
| 23Q2 (15) | 0.84 | 13.51 | -10.64 | 6.96 | -25.96 | -18.21 | 3.14 | -24.7 | 112.16 | 4.10 | -13.32 | -46.75 | 3.99 | -13.07 | -47.91 | 7.71 | 16.82 | -18.76 | 2.64 | -4.35 | -31.61 | 0.66 | 10.0 | 32.0 | 4.26 | -14.63 | -47.34 | 215.17 | 27.91 | 34.28 | 76.56 | -12.27 | 300.48 | 23.44 | 84.15 | -71.02 | 2.63 | -25.28 | -40.23 |
| 23Q1 (14) | 0.74 | -2.63 | 72.09 | 9.40 | -6.56 | -9.53 | 4.17 | 100.48 | 86.16 | 4.73 | -34.76 | 8.74 | 4.59 | -32.89 | 6.99 | 6.60 | 0.0 | 42.24 | 2.76 | -5.15 | 46.03 | 0.60 | 42.86 | 36.36 | 4.99 | -35.45 | 2.46 | 168.22 | 48.99 | 26.94 | 87.27 | 205.45 | 69.09 | 12.73 | -82.18 | -73.7 | 3.52 | -37.59 | -35.29 |
| 22Q4 (13) | 0.76 | 15.15 | 65.22 | 10.06 | 17.94 | -10.74 | 2.08 | -25.18 | -31.35 | 7.25 | 46.17 | 63.29 | 6.84 | 39.88 | 59.07 | 6.60 | 6.11 | 27.41 | 2.91 | 17.34 | 48.47 | 0.42 | -16.0 | -6.67 | 7.73 | 45.03 | 45.85 | 112.91 | -23.61 | -30.35 | 28.57 | -49.21 | -57.76 | 71.43 | 63.27 | 120.78 | 5.64 | 53.26 | 13.71 |
| 22Q3 (12) | 0.66 | -29.79 | -38.89 | 8.53 | 0.24 | -23.29 | 2.78 | 87.84 | -11.46 | 4.96 | -35.58 | -55.15 | 4.89 | -36.16 | -54.68 | 6.22 | -34.46 | -51.1 | 2.48 | -35.75 | -48.12 | 0.50 | 0.0 | 13.64 | 5.33 | -34.12 | -55.69 | 147.81 | -7.76 | -16.35 | 56.25 | 194.23 | 100.54 | 43.75 | -45.91 | -39.19 | 3.68 | -16.36 | -38.36 |
| 22Q2 (11) | 0.94 | 118.6 | 487.5 | 8.51 | -18.09 | -49.32 | 1.48 | -33.93 | -41.27 | 7.70 | 77.01 | 199.61 | 7.66 | 78.55 | 273.66 | 9.49 | 104.53 | 394.27 | 3.86 | 104.23 | 382.5 | 0.50 | 13.64 | 35.14 | 8.09 | 66.12 | 111.23 | 160.24 | 20.92 | 0.67 | 19.12 | -62.96 | -79.52 | 80.88 | 67.16 | 0 | 4.40 | -19.12 | -47.56 |
| 22Q1 (10) | 0.43 | -6.52 | 230.77 | 10.39 | -7.81 | -47.29 | 2.24 | -26.07 | -23.81 | 4.35 | -2.03 | 40.32 | 4.29 | -0.23 | 80.25 | 4.64 | -10.42 | 142.93 | 1.89 | -3.57 | 139.24 | 0.44 | -2.22 | 41.94 | 4.87 | -8.11 | 7.27 | 132.52 | -18.26 | -11.02 | 51.61 | -23.7 | -44.7 | 48.39 | 49.56 | 625.81 | 5.44 | 9.68 | -49.21 |
| 21Q4 (9) | 0.46 | -57.41 | 475.0 | 11.27 | 1.35 | -35.23 | 3.03 | -3.5 | 31.17 | 4.44 | -59.86 | 788.0 | 4.30 | -60.15 | 283.93 | 5.18 | -59.28 | 375.23 | 1.96 | -59.0 | 326.09 | 0.45 | 2.27 | 25.0 | 5.30 | -55.94 | 171.79 | 162.12 | -8.25 | -2.15 | 67.65 | 141.18 | -84.39 | 32.35 | -55.03 | 109.71 | 4.96 | -16.92 | -40.46 |
| 21Q3 (8) | 1.08 | 575.0 | 376.92 | 11.12 | -33.77 | -22.94 | 3.14 | 24.6 | 255.45 | 11.06 | 330.35 | 342.01 | 10.79 | 426.34 | 317.54 | 12.72 | 562.5 | 373.55 | 4.78 | 497.5 | 393.25 | 0.44 | 18.92 | 29.41 | 12.03 | 214.1 | 520.63 | 176.69 | 11.01 | 2.98 | 28.05 | -69.95 | -38.8 | 71.95 | 0 | 32.83 | 5.97 | -28.84 | -45.73 |
| 21Q2 (7) | 0.16 | 23.08 | 1500.0 | 16.79 | -14.81 | -29.78 | 2.52 | -14.29 | 229.9 | 2.57 | -17.1 | 247.3 | 2.05 | -13.87 | 301.96 | 1.92 | 0.52 | 433.33 | 0.80 | 1.27 | 280.95 | 0.37 | 19.35 | 37.04 | 3.83 | -15.64 | -2.54 | 159.17 | 6.87 | -11.75 | 93.33 | 0.0 | 140.0 | 0.00 | -100.0 | -100.0 | 8.39 | -21.66 | 0 |
| 21Q1 (6) | 0.13 | 62.5 | 120.31 | 19.71 | 13.28 | -13.78 | 2.94 | 27.27 | 113.91 | 3.10 | 520.0 | 118.88 | 2.38 | 112.5 | 114.18 | 1.91 | 75.23 | 122.52 | 0.79 | 71.74 | 122.9 | 0.31 | -13.89 | 47.62 | 4.54 | 132.82 | 137.93 | 148.94 | -10.11 | 4.74 | 93.33 | -78.46 | -26.89 | 6.67 | 102.0 | 124.1 | 10.71 | 28.57 | -68.27 |
| 20Q4 (5) | 0.08 | 120.51 | 103.31 | 17.40 | 20.58 | -7.84 | 2.31 | 214.36 | 108.03 | 0.50 | 110.94 | 101.02 | 1.12 | 122.58 | 102.31 | 1.09 | 123.44 | 104.22 | 0.46 | 128.22 | 104.02 | 0.36 | 5.88 | 50.0 | 1.95 | 168.18 | 104.28 | 165.69 | -3.43 | 20.02 | 433.33 | 845.45 | 637.5 | -333.33 | -715.38 | -908.22 | 8.33 | -24.27 | -67.42 |
| 20Q3 (4) | -0.39 | -4000.0 | 0.0 | 14.43 | -39.65 | 0.0 | -2.02 | -4.12 | 0.0 | -4.57 | -717.57 | 0.0 | -4.96 | -1072.55 | 0.0 | -4.65 | -1391.67 | 0.0 | -1.63 | -876.19 | 0.0 | 0.34 | 25.93 | 0.0 | -2.86 | -172.77 | 0.0 | 171.57 | -4.87 | 0.0 | 45.83 | 119.64 | 0.0 | 54.17 | -83.75 | 0.0 | 11.00 | 0 | 0.0 |
| 20Q2 (3) | 0.01 | 101.56 | 0.0 | 23.91 | 4.59 | 0.0 | -1.94 | 90.82 | 0.0 | 0.74 | 104.51 | 0.0 | 0.51 | 103.04 | 0.0 | 0.36 | 104.25 | 0.0 | 0.21 | 106.09 | 0.0 | 0.27 | 28.57 | 0.0 | 3.93 | 132.83 | 0.0 | 180.36 | 26.84 | 0.0 | -233.33 | -282.78 | 0.0 | 333.33 | 1305.13 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | -0.64 | 73.55 | 0.0 | 22.86 | 21.08 | 0.0 | -21.14 | 26.47 | 0.0 | -16.42 | 66.55 | 0.0 | -16.78 | 65.36 | 0.0 | -8.48 | 67.21 | 0.0 | -3.45 | 69.87 | 0.0 | 0.21 | -12.5 | 0.0 | -11.97 | 73.73 | 0.0 | 142.20 | 3.01 | 0.0 | 127.66 | 117.27 | 0.0 | -27.66 | -167.06 | 0.0 | 33.75 | 31.99 | 0.0 |
| 19Q4 (1) | -2.42 | 0.0 | 0.0 | 18.88 | 0.0 | 0.0 | -28.75 | 0.0 | 0.0 | -49.09 | 0.0 | 0.0 | -48.44 | 0.0 | 0.0 | -25.86 | 0.0 | 0.0 | -11.45 | 0.0 | 0.0 | 0.24 | 0.0 | 0.0 | -45.56 | 0.0 | 0.0 | 138.05 | 0.0 | 0.0 | 58.76 | 0.0 | 0.0 | 41.24 | 0.0 | 0.0 | 25.57 | 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) | 3.14 | 12.54 | 7.28 | -21.55 | 2.91 | 34.72 | 0.16 | -47.11 | 3.74 | -38.49 | 4.04 | -32.1 | 20.36 | -23.69 | 10.05 | -12.53 | 2.49 | 30.37 | 3.92 | -39.6 | 96.86 | -14.21 | 77.83 | 119.44 | 22.17 | -65.65 | 0.04 | -35.94 | 2.93 | -37.79 |
| 2022 (9) | 2.79 | 53.3 | 9.28 | -33.95 | 2.16 | -26.28 | 0.30 | -66.41 | 6.08 | 7.23 | 5.95 | 12.26 | 26.68 | 22.16 | 11.49 | 36.46 | 1.91 | 22.44 | 6.49 | -3.99 | 112.91 | -30.35 | 35.47 | -30.96 | 64.53 | 32.7 | 0.06 | -4.66 | 4.71 | -33.66 |
| 2021 (8) | 1.82 | 0 | 14.05 | -25.31 | 2.93 | 0 | 0.89 | -56.4 | 5.67 | 0 | 5.30 | 0 | 21.84 | 0 | 8.42 | 0 | 1.56 | 33.33 | 6.76 | 0 | 162.12 | -2.15 | 51.37 | -48.63 | 48.63 | 0 | 0.06 | -5.89 | 7.10 | -54.66 |
| 2020 (7) | -0.93 | 0 | 18.81 | -29.84 | -3.70 | 0 | 2.05 | -11.59 | -3.70 | 0 | -3.72 | 0 | -10.97 | 0 | -4.10 | 0 | 1.17 | -3.31 | -1.25 | 0 | 165.69 | 20.02 | 100.00 | 49.07 | -0.00 | 0 | 0.06 | -56.01 | 15.66 | -27.83 |
| 2019 (6) | -2.35 | 0 | 26.81 | -14.7 | -6.25 | 0 | 2.32 | 339.03 | -9.33 | 0 | -9.58 | 0 | -24.08 | 0 | -11.25 | 0 | 1.21 | 6.14 | -6.43 | 0 | 138.05 | 62.81 | 67.08 | 0 | 32.92 | -85.89 | 0.14 | -48.61 | 21.70 | 1.26 |
| 2018 (5) | -0.19 | 0 | 31.43 | -2.72 | -0.66 | 0 | 0.53 | -34.94 | 0.54 | 0 | -0.64 | 0 | -1.39 | 0 | -0.63 | 0 | 1.14 | 25.27 | 1.58 | 0 | 84.79 | -9.72 | -122.22 | 0 | 233.33 | 0 | 0.28 | 0 | 21.43 | -30.53 |
| 2017 (4) | -3.09 | 0 | 32.31 | 46.0 | -10.88 | 0 | 0.81 | -75.01 | -8.00 | 0 | -8.74 | 0 | -18.01 | 0 | -7.42 | 0 | 0.91 | 31.88 | -6.20 | 0 | 93.92 | -47.64 | 136.11 | 33.22 | -36.11 | 0 | 0.00 | 0 | 30.85 | -23.83 |
| 2016 (3) | -3.15 | 0 | 22.13 | -15.66 | -28.98 | 0 | 3.25 | 18.08 | -28.34 | 0 | -32.04 | 0 | -51.55 | 0 | -21.88 | 0 | 0.69 | -16.87 | -24.14 | 0 | 179.37 | 72.77 | 102.17 | -18.15 | -2.17 | 0 | 0.00 | 0 | 40.50 | 35.23 |
| 2015 (2) | -1.55 | 0 | 26.24 | 10.53 | -11.56 | 0 | 2.75 | -10.86 | -9.29 | 0 | -11.24 | 0 | -17.69 | 0 | -9.14 | 0 | 0.83 | 45.61 | -6.01 | 0 | 103.82 | 35.59 | 124.83 | 9.93 | -24.14 | 0 | 0.00 | 0 | 29.95 | -25.76 |
| 2014 (1) | -2.76 | 0 | 23.74 | 0 | -27.34 | 0 | 3.09 | 28.5 | -24.08 | 0 | -27.94 | 0 | -26.91 | 0 | -15.85 | 0 | 0.57 | -6.56 | -20.28 | 0 | 76.57 | 27.0 | 113.55 | -6.22 | -13.55 | 0 | 0.00 | 0 | 40.34 | 13.28 |
