- 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) | 0.42 | -14.29 | -28.81 | 31.67 | 1.64 | 3.29 | 7.97 | 9.48 | 60.36 | 7.72 | -29.37 | -36.25 | 6.90 | -21.41 | -36.87 | 2.49 | -15.31 | -32.88 | 1.65 | -13.61 | -28.26 | 0.23 | 9.52 | 9.52 | 12.79 | -20.46 | -25.6 | 54.31 | -13.16 | -13.82 | 100.00 | 57.14 | 130.0 | -5.88 | -118.49 | -109.66 | 27.03 | -7.84 | -14.41 |
| 24Q2 (19) | 0.49 | 32.43 | 172.22 | 31.16 | -2.5 | 37.63 | 7.28 | 30.23 | 998.77 | 10.93 | 19.06 | 383.63 | 8.78 | 18.33 | 168.5 | 2.94 | 27.83 | 169.72 | 1.91 | 28.19 | 169.01 | 0.21 | 10.53 | 0.0 | 16.08 | 10.67 | 179.17 | 62.54 | 5.43 | -7.31 | 63.64 | 1.82 | 227.27 | 31.82 | -15.15 | -78.79 | 29.33 | -3.52 | 1.49 |
| 24Q1 (18) | 0.37 | 346.67 | 3600.0 | 31.96 | 12.34 | 17.76 | 5.59 | 773.49 | 1463.41 | 9.18 | 485.71 | 1655.93 | 7.42 | 360.35 | 6083.33 | 2.30 | 355.56 | 7566.67 | 1.49 | 423.91 | 3625.0 | 0.19 | 0.0 | 5.56 | 14.53 | 426.45 | 282.37 | 59.32 | -9.28 | 26.43 | 62.50 | 150.0 | -37.5 | 37.50 | -50.0 | 0 | 30.40 | -9.69 | -6.2 |
| 23Q4 (17) | -0.15 | -125.42 | -475.0 | 28.45 | -7.21 | 1.1 | -0.83 | -116.7 | 75.44 | -2.38 | -119.65 | 36.7 | -2.85 | -126.08 | -443.37 | -0.90 | -124.26 | -460.0 | -0.46 | -120.0 | -355.56 | 0.19 | -9.52 | -5.0 | 2.76 | -83.94 | 0 | 65.39 | 3.76 | 16.87 | 25.00 | -42.5 | -70.83 | 75.00 | 23.21 | 425.0 | 33.66 | 6.59 | -10.07 |
| 23Q3 (16) | 0.59 | 227.78 | -20.27 | 30.66 | 35.42 | 12.14 | 4.97 | 713.58 | -10.45 | 12.11 | 435.84 | -19.53 | 10.93 | 234.25 | -14.94 | 3.71 | 240.37 | -19.17 | 2.30 | 223.94 | -23.33 | 0.21 | 0.0 | -8.7 | 17.19 | 198.44 | -7.28 | 63.02 | -6.6 | 18.59 | 43.48 | 186.96 | 22.53 | 60.87 | -59.42 | -5.65 | 31.58 | 9.27 | 4.22 |
| 23Q2 (15) | 0.18 | 1700.0 | -61.7 | 22.64 | -16.58 | -1.86 | -0.81 | -97.56 | -147.65 | 2.26 | 483.05 | -73.25 | 3.27 | 2625.0 | -60.07 | 1.09 | 3533.33 | -63.79 | 0.71 | 1675.0 | -64.14 | 0.21 | 16.67 | -12.5 | 5.76 | 51.58 | -51.02 | 67.47 | 43.8 | 25.71 | -50.00 | -150.0 | -383.33 | 150.00 | 0 | 82.14 | 28.90 | -10.83 | 1.94 |
| 23Q1 (14) | 0.01 | -75.0 | -94.74 | 27.14 | -3.55 | 29.67 | -0.41 | 87.87 | 87.19 | -0.59 | 84.31 | -112.85 | 0.12 | -85.54 | -97.15 | 0.03 | -88.0 | -97.6 | 0.04 | -77.78 | -95.12 | 0.18 | -10.0 | -5.26 | 3.80 | 0 | -56.02 | 46.92 | -16.14 | -11.7 | 100.00 | 16.67 | 240.0 | -0.00 | -100.0 | -100.0 | 32.41 | -13.41 | -0.34 |
| 22Q4 (13) | 0.04 | -94.59 | 130.77 | 28.14 | 2.93 | 24.73 | -3.38 | -160.9 | -20.28 | -3.76 | -124.98 | -24.5 | 0.83 | -93.54 | 131.44 | 0.25 | -94.55 | 129.41 | 0.18 | -94.0 | 133.33 | 0.20 | -13.04 | 0.0 | 0.00 | -100.0 | -100.0 | 55.95 | 5.29 | -5.93 | 85.71 | 141.56 | -14.29 | 14.29 | -77.86 | 0 | 37.43 | 23.53 | 11.93 |
| 22Q3 (12) | 0.74 | 57.45 | 722.22 | 27.34 | 18.51 | 7.85 | 5.55 | 226.47 | 103.3 | 15.05 | 78.11 | 354.68 | 12.85 | 56.9 | 606.04 | 4.59 | 52.49 | 665.0 | 3.00 | 51.52 | 669.23 | 0.23 | -4.17 | 9.52 | 18.54 | 57.65 | 152.59 | 53.14 | -0.99 | -13.45 | 35.48 | 101.08 | -57.42 | 64.52 | -21.66 | 287.1 | 30.30 | 6.88 | 6.65 |
| 22Q2 (11) | 0.47 | 147.37 | 327.27 | 23.07 | 10.22 | -11.47 | 1.70 | 153.12 | -56.96 | 8.45 | 84.1 | 503.57 | 8.19 | 94.54 | 313.64 | 3.01 | 140.8 | 323.94 | 1.98 | 141.46 | 330.43 | 0.24 | 26.32 | 9.09 | 11.76 | 36.11 | 127.03 | 53.67 | 1.0 | -9.28 | 17.65 | 124.71 | -93.38 | 82.35 | -55.66 | 149.41 | 28.35 | -12.82 | -4.26 |
| 22Q1 (10) | 0.19 | 246.15 | -55.81 | 20.93 | -7.23 | -28.86 | -3.20 | -13.88 | -131.97 | 4.59 | 251.99 | -46.5 | 4.21 | 259.47 | -43.64 | 1.25 | 247.06 | -56.29 | 0.82 | 251.85 | -53.67 | 0.19 | -5.0 | -17.39 | 8.64 | 651.3 | -31.86 | 53.14 | -10.66 | -17.05 | -71.43 | -171.43 | -161.22 | 185.71 | 0 | 1214.29 | 32.52 | -2.75 | 17.66 |
| 21Q4 (9) | -0.13 | -244.44 | -262.5 | 22.56 | -11.01 | -17.24 | -2.81 | -202.93 | -172.61 | -3.02 | -191.24 | -571.88 | -2.64 | -245.05 | -291.3 | -0.85 | -241.67 | -263.46 | -0.54 | -238.46 | -250.0 | 0.20 | -4.76 | -16.67 | 1.15 | -84.33 | -74.95 | 59.48 | -3.13 | -5.47 | 100.00 | 20.0 | -87.5 | -0.00 | -100.0 | 100.0 | 33.44 | 17.71 | 4.01 |
| 21Q3 (8) | 0.09 | -18.18 | -57.14 | 25.35 | -2.72 | -7.68 | 2.73 | -30.89 | -45.18 | 3.31 | 136.43 | -21.19 | 1.82 | -8.08 | -56.77 | 0.60 | -15.49 | -58.04 | 0.39 | -15.22 | -60.2 | 0.21 | -4.55 | -8.7 | 7.34 | 41.7 | -13.85 | 61.40 | 3.79 | 32.84 | 83.33 | -68.75 | -35.19 | 16.67 | 110.0 | 216.67 | 28.41 | -4.05 | 0.0 |
| 21Q2 (7) | 0.11 | -74.42 | 161.11 | 26.06 | -11.42 | -9.39 | 3.95 | -60.54 | 178.69 | 1.40 | -83.68 | 139.33 | 1.98 | -73.49 | 140.91 | 0.71 | -75.17 | 160.68 | 0.46 | -74.01 | 162.16 | 0.22 | -4.35 | 37.5 | 5.18 | -59.15 | 66.03 | 59.16 | -7.65 | 11.48 | 266.67 | 128.57 | 122.22 | -166.67 | -900.0 | -316.67 | 29.61 | 7.13 | 0 |
| 21Q1 (6) | 0.43 | 437.5 | 38.71 | 29.42 | 7.92 | 5.6 | 10.01 | 158.66 | 62.76 | 8.58 | 1240.62 | 5.41 | 7.47 | 441.3 | 18.2 | 2.86 | 450.0 | 40.89 | 1.77 | 391.67 | 33.08 | 0.23 | -4.17 | 9.52 | 12.68 | 176.25 | -7.04 | 64.06 | 1.81 | 23.91 | 116.67 | -85.42 | 48.48 | -16.67 | 97.22 | -158.33 | 27.64 | -14.03 | 2.71 |
| 20Q4 (5) | 0.08 | -61.9 | 166.67 | 27.26 | -0.73 | 0.07 | 3.87 | -22.29 | 22.08 | 0.64 | -84.76 | -77.46 | 1.38 | -67.22 | 150.91 | 0.52 | -63.64 | 160.0 | 0.36 | -63.27 | 125.0 | 0.24 | 4.35 | 4.35 | 4.59 | -46.13 | -40.0 | 62.92 | 36.13 | 3.28 | 800.00 | 522.22 | 700.0 | -600.00 | -4100.0 | -3500.0 | 32.15 | 13.16 | 0 |
| 20Q3 (4) | 0.21 | 216.67 | 0.0 | 27.46 | -4.52 | 0.0 | 4.98 | 199.2 | 0.0 | 4.20 | 217.98 | 0.0 | 4.21 | 186.98 | 0.0 | 1.43 | 222.22 | 0.0 | 0.98 | 232.43 | 0.0 | 0.23 | 43.75 | 0.0 | 8.52 | 173.08 | 0.0 | 46.22 | -12.91 | 0.0 | 128.57 | 7.14 | 0.0 | -14.29 | 64.29 | 0.0 | 28.41 | 0 | 0.0 |
| 20Q2 (3) | -0.18 | -158.06 | 0.0 | 28.76 | 3.23 | 0.0 | -5.02 | -181.63 | 0.0 | -3.56 | -143.73 | 0.0 | -4.84 | -176.58 | 0.0 | -1.17 | -157.64 | 0.0 | -0.74 | -155.64 | 0.0 | 0.16 | -23.81 | 0.0 | 3.12 | -77.13 | 0.0 | 53.07 | 2.65 | 0.0 | 120.00 | 52.73 | 0.0 | -40.00 | -240.0 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | 0.31 | 933.33 | 0.0 | 27.86 | 2.28 | 0.0 | 6.15 | 94.01 | 0.0 | 8.14 | 186.62 | 0.0 | 6.32 | 1049.09 | 0.0 | 2.03 | 915.0 | 0.0 | 1.33 | 731.25 | 0.0 | 0.21 | -8.7 | 0.0 | 13.64 | 78.3 | 0.0 | 51.70 | -15.13 | 0.0 | 78.57 | -21.43 | 0.0 | 28.57 | 271.43 | 0.0 | 26.91 | 0 | 0.0 |
| 19Q4 (1) | 0.03 | 0.0 | 0.0 | 27.24 | 0.0 | 0.0 | 3.17 | 0.0 | 0.0 | 2.84 | 0.0 | 0.0 | 0.55 | 0.0 | 0.0 | 0.20 | 0.0 | 0.0 | 0.16 | 0.0 | 0.0 | 0.23 | 0.0 | 0.0 | 7.65 | 0.0 | 0.0 | 60.92 | 0.0 | 0.0 | 100.00 | 0.0 | 0.0 | -16.67 | 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) | 0.63 | -56.55 | 27.21 | 8.88 | 0.81 | 68.75 | 3.87 | 21.18 | 3.10 | -52.31 | 3.09 | -54.89 | 3.87 | -57.61 | 2.58 | -55.97 | 0.78 | -8.24 | 7.61 | -24.8 | 65.39 | 16.87 | 27.27 | 234.09 | 77.27 | -15.86 | 0.00 | 0 | 31.57 | -1.19 |
| 2022 (9) | 1.45 | 190.0 | 24.99 | -3.88 | 0.48 | -87.2 | 3.20 | -7.94 | 6.50 | 132.97 | 6.85 | 187.82 | 9.13 | 173.35 | 5.86 | 176.42 | 0.85 | -2.3 | 10.12 | 48.6 | 55.95 | -5.93 | 8.16 | -93.88 | 91.84 | 0 | 0.00 | 0 | 31.95 | 7.65 |
| 2021 (8) | 0.50 | 19.05 | 26.00 | -6.31 | 3.75 | 22.55 | 3.47 | -16.19 | 2.79 | 2.57 | 2.38 | 7.21 | 3.34 | 19.29 | 2.12 | 15.85 | 0.87 | 11.54 | 6.81 | -13.14 | 59.48 | -5.47 | 133.33 | 14.29 | -33.33 | 0 | 0.00 | 0 | 29.68 | -2.01 |
| 2020 (7) | 0.42 | -65.0 | 27.75 | -0.68 | 3.06 | -39.76 | 4.14 | -7.9 | 2.72 | -61.85 | 2.22 | -60.57 | 2.80 | -64.19 | 1.83 | -63.83 | 0.78 | -10.34 | 7.84 | -36.93 | 62.92 | 3.28 | 116.67 | 65.79 | -11.11 | 0 | 0.23 | -32.01 | 30.29 | 6.96 |
| 2019 (6) | 1.20 | -34.43 | 27.94 | 3.25 | 5.08 | -5.58 | 4.50 | 57.99 | 7.13 | -33.8 | 5.63 | -29.98 | 7.82 | -34.89 | 5.06 | -29.72 | 0.87 | -2.25 | 12.43 | -14.86 | 60.92 | 6.73 | 70.37 | 39.14 | 29.63 | -41.41 | 0.34 | 46.74 | 28.32 | 8.63 |
| 2018 (5) | 1.83 | -12.02 | 27.06 | -7.11 | 5.38 | -51.79 | 2.85 | 35.55 | 10.77 | 23.23 | 8.04 | 8.94 | 12.01 | -13.16 | 7.20 | -5.51 | 0.89 | -12.75 | 14.60 | 25.86 | 57.08 | -28.8 | 50.57 | -60.71 | 50.57 | 0 | 0.23 | 0 | 26.07 | 11.7 |
| 2017 (4) | 2.08 | -23.53 | 29.13 | -1.55 | 11.16 | -5.18 | 2.10 | 32.07 | 8.74 | -25.68 | 7.38 | -13.58 | 13.83 | -26.55 | 7.62 | -25.07 | 1.02 | -12.82 | 11.60 | -18.42 | 80.17 | -7.24 | 128.74 | 28.74 | -27.59 | 0 | 0.00 | 0 | 23.34 | 1.17 |
| 2016 (3) | 2.72 | 18.78 | 29.59 | 24.43 | 11.77 | 44.95 | 1.59 | 0.8 | 11.76 | 23.01 | 8.54 | 25.22 | 18.83 | 7.72 | 10.17 | 17.3 | 1.17 | -5.65 | 14.22 | 18.4 | 86.43 | -5.7 | 100.00 | 17.2 | 0.00 | 0 | 0.00 | 0 | 23.07 | 72.68 |
| 2015 (2) | 2.29 | 78.91 | 23.78 | 18.19 | 8.12 | 118.87 | 1.58 | -7.48 | 9.56 | 68.31 | 6.82 | 68.81 | 17.48 | 64.44 | 8.67 | 71.34 | 1.24 | 5.08 | 12.01 | 44.35 | 91.65 | -27.16 | 85.32 | 31.44 | 14.68 | -58.17 | 0.00 | 0 | 13.36 | -41.25 |
| 2014 (1) | 1.28 | 43.82 | 20.12 | 0 | 3.71 | 0 | 1.71 | -15.07 | 5.68 | 0 | 4.04 | 0 | 10.63 | 0 | 5.06 | 0 | 1.18 | -17.48 | 8.32 | 8.76 | 125.82 | 5.67 | 64.91 | -42.58 | 35.09 | 0 | 0.00 | 0 | 22.74 | 3.74 |
