- 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) | 1.23 | 48.19 | 668.75 | 28.49 | -37.6 | 25.62 | 20.08 | -45.35 | 58.11 | 36.21 | 23.54 | 261.02 | 32.09 | 40.99 | 331.9 | 8.76 | 52.61 | 539.42 | 4.84 | 46.67 | 384.0 | 0.14 | 0.0 | 27.27 | 39.35 | 21.56 | 179.87 | 89.76 | 0.96 | 31.94 | 55.97 | -55.71 | -55.69 | 44.78 | 277.16 | 270.15 | 6.40 | -31.7 | -47.5 |
| 24Q2 (19) | 0.83 | 66.0 | 176.67 | 45.66 | 48.83 | 179.1 | 36.74 | 91.35 | 484.1 | 29.31 | 25.74 | 110.86 | 22.76 | 11.95 | 72.82 | 5.74 | 53.89 | 116.6 | 3.30 | 46.02 | 82.32 | 0.14 | 40.0 | 16.67 | 32.37 | 17.41 | 81.65 | 88.91 | 12.09 | 41.76 | 126.37 | 54.11 | 172.19 | -25.27 | -240.42 | -147.18 | 9.37 | -42.76 | -8.59 |
| 24Q1 (18) | 0.50 | 117.39 | 614.29 | 30.68 | 25.79 | 49.37 | 19.20 | 41.7 | 176.26 | 23.31 | 72.03 | 341.48 | 20.33 | 121.94 | 401.98 | 3.73 | 99.47 | 511.48 | 2.26 | 77.95 | 326.42 | 0.10 | -16.67 | 11.11 | 27.57 | 55.76 | 175.7 | 79.32 | -0.26 | 30.29 | 82.00 | -18.0 | -34.4 | 18.00 | 0 | 148.0 | 16.37 | 21.8 | 16.35 |
| 23Q4 (17) | 0.23 | 43.75 | 91.67 | 24.39 | 7.54 | 10.76 | 13.55 | 6.69 | 19.07 | 13.55 | 35.09 | 129.66 | 9.16 | 23.28 | 93.66 | 1.87 | 36.5 | 94.79 | 1.27 | 27.0 | 71.62 | 0.12 | 9.09 | 0.0 | 17.70 | 25.89 | 87.3 | 79.53 | 16.9 | 23.78 | 100.00 | -20.83 | -47.83 | 0.00 | 100.0 | 100.0 | 13.44 | 10.25 | 50.84 |
| 23Q3 (16) | 0.16 | -46.67 | -51.52 | 22.68 | 38.63 | -9.13 | 12.70 | 101.91 | -12.35 | 10.03 | -27.84 | -27.27 | 7.43 | -43.58 | -29.64 | 1.37 | -48.3 | -50.72 | 1.00 | -44.75 | -43.5 | 0.11 | -8.33 | -26.67 | 14.06 | -21.1 | -17.44 | 68.03 | 8.47 | 4.07 | 126.32 | 172.06 | 22.49 | -26.32 | -149.12 | -321.05 | 12.19 | 18.93 | 65.4 |
| 23Q2 (15) | 0.30 | 328.57 | 66.67 | 16.36 | -20.35 | 9.95 | 6.29 | -9.5 | 60.87 | 13.90 | 163.26 | 112.54 | 13.17 | 225.19 | 142.1 | 2.65 | 334.43 | 60.61 | 1.81 | 241.51 | 72.38 | 0.12 | 33.33 | -29.41 | 17.82 | 78.2 | 94.33 | 62.72 | 3.02 | -19.87 | 46.43 | -62.86 | -22.62 | 53.57 | 242.86 | 33.93 | 10.25 | -27.15 | 44.57 |
| 23Q1 (14) | 0.07 | -41.67 | 146.67 | 20.54 | -6.72 | 252.32 | 6.95 | -38.93 | 162.44 | 5.28 | -10.51 | 159.66 | 4.05 | -14.38 | 152.87 | 0.61 | -36.46 | 143.26 | 0.53 | -28.38 | 172.6 | 0.09 | -25.0 | -18.18 | 10.00 | 5.82 | 376.24 | 60.88 | -5.25 | -18.26 | 125.00 | -34.78 | 0.0 | -37.50 | 59.09 | -50.0 | 14.07 | 57.91 | 15.23 |
| 22Q4 (13) | 0.12 | -63.64 | 116.0 | 22.02 | -11.78 | 312.36 | 11.38 | -21.46 | 154.35 | 5.90 | -57.22 | 112.62 | 4.73 | -55.21 | 112.72 | 0.96 | -65.47 | 116.27 | 0.74 | -58.19 | 120.96 | 0.12 | -20.0 | 20.0 | 9.45 | -44.51 | 124.22 | 64.25 | -1.71 | -8.63 | 191.67 | 85.86 | 327.56 | -91.67 | -1366.67 | -266.15 | 8.91 | 20.9 | -37.25 |
| 22Q3 (12) | 0.33 | 83.33 | 0 | 24.96 | 67.74 | 175.19 | 14.49 | 270.59 | 315.95 | 13.79 | 110.86 | 4855.17 | 10.56 | 94.12 | 6111.76 | 2.78 | 68.48 | 9166.67 | 1.77 | 68.57 | 1164.29 | 0.15 | -11.76 | 25.0 | 17.03 | 85.71 | 214.79 | 65.37 | -16.48 | 12.67 | 103.12 | 71.88 | 0 | -6.25 | -115.62 | 0 | 7.37 | 3.95 | -33.84 |
| 22Q2 (11) | 0.18 | 220.0 | 460.0 | 14.88 | 155.23 | 43.63 | 3.91 | 135.13 | 181.12 | 6.54 | 173.9 | 619.05 | 5.44 | 171.02 | 457.89 | 1.65 | 217.02 | 523.08 | 1.05 | 243.84 | 850.0 | 0.17 | 54.55 | 21.43 | 9.17 | 353.31 | 156.86 | 78.27 | 5.09 | 0.45 | 60.00 | -52.0 | -85.0 | 40.00 | 260.0 | 113.33 | 7.09 | -41.93 | -32.48 |
| 22Q1 (10) | -0.15 | 80.0 | -87.5 | 5.83 | 9.18 | -53.47 | -11.13 | 46.85 | -64.4 | -8.85 | 81.07 | -136.0 | -7.66 | 79.4 | -134.25 | -1.41 | 76.1 | -113.64 | -0.73 | 79.32 | -143.33 | 0.11 | 10.0 | 0.0 | -3.62 | 90.72 | -259.47 | 74.48 | 5.92 | -7.49 | 125.00 | 178.85 | -30.56 | -25.00 | -145.31 | 68.75 | 12.21 | -14.01 | -12.79 |
| 21Q4 (9) | -0.75 | 0 | -3650.0 | 5.34 | -41.12 | -66.07 | -20.94 | -212.07 | -1176.83 | -46.75 | -16020.69 | -35861.54 | -37.18 | -21970.59 | -5136.62 | -5.90 | -19766.67 | -3005.26 | -3.53 | -2621.43 | -11666.67 | 0.10 | -16.67 | -33.33 | -39.02 | -821.26 | -871.15 | 70.32 | 21.2 | -12.48 | 44.83 | 0 | 0 | 55.17 | 0 | 0 | 14.20 | 27.47 | 42.14 |
| 21Q3 (8) | 0.00 | 100.0 | 100.0 | 9.07 | -12.45 | -36.4 | -6.71 | -39.21 | -50.79 | -0.29 | 76.98 | 98.88 | 0.17 | 111.18 | 100.89 | 0.03 | 107.69 | 100.65 | 0.14 | 200.0 | 105.91 | 0.12 | -14.29 | -7.69 | 5.41 | 51.54 | 127.05 | 58.02 | -25.54 | -37.09 | 0.00 | -100.0 | -100.0 | 0.00 | 100.0 | -100.0 | 11.14 | 6.1 | 0.36 |
| 21Q2 (7) | -0.05 | 37.5 | 88.89 | 10.36 | -17.32 | 6.37 | -4.82 | 28.8 | 81.02 | -1.26 | 66.4 | 93.87 | -1.52 | 53.52 | 91.09 | -0.39 | 40.91 | 88.89 | -0.14 | 53.33 | 92.27 | 0.14 | 27.27 | 27.27 | 3.57 | 57.27 | 128.36 | 77.92 | -3.22 | -4.38 | 400.00 | 122.22 | 222.22 | -300.00 | -275.0 | -1142.86 | 10.50 | -25.0 | 0 |
| 21Q1 (6) | -0.08 | -300.0 | 82.22 | 12.53 | -20.39 | -1.03 | -6.77 | -312.8 | -504.46 | -3.75 | -2784.62 | 65.05 | -3.27 | -360.56 | 68.98 | -0.66 | -247.37 | 80.42 | -0.30 | -900.0 | 83.15 | 0.11 | -26.67 | -38.89 | 2.27 | -55.14 | 139.96 | 80.51 | 0.2 | -7.41 | 180.00 | 0 | 1400.0 | -80.00 | 0 | -190.91 | 14.00 | 40.14 | 58.37 |
| 20Q4 (5) | -0.02 | 96.43 | 66.67 | 15.74 | 10.38 | 31.5 | -1.64 | 63.15 | -49.09 | -0.13 | 99.5 | -62.5 | -0.71 | 96.27 | 53.29 | -0.19 | 95.86 | 59.57 | -0.03 | 98.73 | 80.0 | 0.15 | 15.38 | -16.67 | 5.06 | 125.3 | -4.71 | 80.35 | -12.87 | 13.71 | 0.00 | -100.0 | 0 | 0.00 | -100.0 | 0 | 9.99 | -10.0 | 15.62 |
| 20Q3 (4) | -0.56 | -24.44 | 0.0 | 14.26 | 46.41 | 0.0 | -4.45 | 82.47 | 0.0 | -25.98 | -26.36 | 0.0 | -19.02 | -11.55 | 0.0 | -4.59 | -30.77 | 0.0 | -2.37 | -30.94 | 0.0 | 0.13 | 18.18 | 0.0 | -20.00 | -58.86 | 0.0 | 92.22 | 13.17 | 0.0 | 16.67 | -86.57 | 0.0 | 80.95 | 435.37 | 0.0 | 11.10 | 0 | 0.0 |
| 20Q2 (3) | -0.45 | 0.0 | 0.0 | 9.74 | -23.06 | 0.0 | -25.39 | -2166.96 | 0.0 | -20.56 | -91.61 | 0.0 | -17.05 | -61.76 | 0.0 | -3.51 | -4.15 | 0.0 | -1.81 | -1.69 | 0.0 | 0.11 | -38.89 | 0.0 | -12.59 | -121.65 | 0.0 | 81.49 | -6.28 | 0.0 | 124.14 | 934.48 | 0.0 | -24.14 | -127.43 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | -0.45 | -650.0 | 0.0 | 12.66 | 5.76 | 0.0 | -1.12 | -1.82 | 0.0 | -10.73 | -13312.5 | 0.0 | -10.54 | -593.42 | 0.0 | -3.37 | -617.02 | 0.0 | -1.78 | -1086.67 | 0.0 | 0.18 | 0.0 | 0.0 | -5.68 | -206.97 | 0.0 | 86.95 | 23.05 | 0.0 | 12.00 | 0 | 0.0 | 88.00 | 0 | 0.0 | 8.84 | 2.31 | 0.0 |
| 19Q4 (1) | -0.06 | 0.0 | 0.0 | 11.97 | 0.0 | 0.0 | -1.10 | 0.0 | 0.0 | -0.08 | 0.0 | 0.0 | -1.52 | 0.0 | 0.0 | -0.47 | 0.0 | 0.0 | -0.15 | 0.0 | 0.0 | 0.18 | 0.0 | 0.0 | 5.31 | 0.0 | 0.0 | 70.66 | 0.0 | 0.0 | 0.00 | 0.0 | 0.0 | 0.00 | 0.0 | 0.0 | 8.64 | 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 | 65.22 | 21.11 | 17.28 | 10.15 | 63.18 | 2.34 | 9.73 | 11.16 | 92.75 | 8.79 | 97.09 | 6.34 | 55.77 | 4.33 | 46.78 | 0.42 | -23.64 | 15.45 | 68.85 | 79.53 | 23.78 | 90.70 | -16.56 | 9.30 | 0 | 0.00 | 0 | 12.41 | 45.83 |
| 2022 (9) | 0.46 | 0 | 18.00 | 90.48 | 6.22 | 0 | 2.13 | -58.05 | 5.79 | 0 | 4.46 | 0 | 4.07 | 0 | 2.95 | 0 | 0.55 | 19.57 | 9.15 | 0 | 64.25 | -8.63 | 108.70 | 33.31 | -6.52 | 0 | 0.00 | 0 | 8.51 | -30.64 |
| 2021 (8) | -0.86 | 0 | 9.45 | -30.87 | -9.23 | 0 | 5.08 | -3.78 | -11.38 | 0 | -9.17 | 0 | -7.43 | 0 | -3.93 | 0 | 0.46 | -17.86 | -5.43 | 0 | 70.32 | -12.48 | 81.54 | 169.92 | 18.46 | -73.55 | 0.00 | 0 | 12.27 | 13.82 |
| 2020 (7) | -1.49 | 0 | 13.67 | 4.43 | -4.29 | 0 | 5.28 | 13.77 | -14.05 | 0 | -11.76 | 0 | -11.57 | 0 | -6.24 | 0 | 0.56 | -17.65 | -7.92 | 0 | 80.35 | 13.71 | 30.21 | -35.81 | 69.79 | 31.83 | 0.00 | 0 | 10.78 | 3.85 |
| 2019 (6) | -0.67 | 0 | 13.09 | 32.76 | -1.97 | 0 | 4.64 | 9.98 | -4.18 | 0 | -4.40 | 0 | -4.71 | 0 | -2.50 | 0 | 0.68 | -11.69 | 1.47 | -69.31 | 70.66 | 52.55 | 47.06 | 0 | 52.94 | 0 | 0.00 | 0 | 10.38 | 14.95 |
| 2018 (5) | 0.00 | 0 | 9.86 | -30.56 | -3.59 | 0 | 4.22 | -6.74 | 0.04 | -99.63 | 0.02 | -99.81 | 0.02 | -99.8 | 0.31 | -96.19 | 0.77 | 0.0 | 4.79 | -69.29 | 46.32 | 97.61 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 9.03 | -16.39 |
| 2017 (4) | 1.56 | 34.48 | 14.20 | -22.4 | -0.32 | 0 | 4.52 | 3.68 | 10.86 | 22.71 | 10.41 | 38.62 | 9.94 | 29.93 | 8.14 | 33.66 | 0.77 | -4.94 | 15.60 | 18.09 | 23.44 | -2.7 | -3.30 | 0 | 103.30 | 98.65 | 0.00 | 0 | 10.80 | 1.41 |
| 2016 (3) | 1.16 | -10.08 | 18.30 | 29.06 | 4.27 | 611.67 | 4.36 | -5.5 | 8.85 | 16.45 | 7.51 | -7.17 | 7.65 | -16.12 | 6.09 | -4.69 | 0.81 | 5.19 | 13.21 | 5.68 | 24.09 | -14.33 | 48.00 | 552.8 | 52.00 | -42.97 | 0.00 | 0 | 10.65 | 12.7 |
| 2015 (2) | 1.29 | 3125.0 | 14.18 | -5.97 | 0.60 | 172.73 | 4.62 | 5.37 | 7.60 | 1709.52 | 8.09 | 7990.0 | 9.12 | 6414.29 | 6.39 | 1725.71 | 0.77 | -1.28 | 12.50 | 137.64 | 28.12 | -57.8 | 7.35 | -85.29 | 91.18 | 82.35 | 0.00 | 0 | 9.45 | 0.0 |
| 2014 (1) | 0.04 | -96.08 | 15.08 | 0 | 0.22 | 0 | 4.38 | 3.3 | 0.42 | 0 | 0.10 | 0 | 0.14 | 0 | 0.35 | 0 | 0.78 | -9.3 | 5.26 | -51.02 | 66.63 | -13.95 | 50.00 | -52.17 | 50.00 | 0 | 0.00 | 0 | 9.45 | 0.0 |
