- 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) | 0.33 | -52.86 | -28.26 | 30.94 | -13.62 | 19.23 | 11.10 | -39.21 | 159.95 | 12.36 | -38.17 | -19.11 | 9.95 | -43.56 | -32.86 | 2.09 | -49.39 | -28.18 | 1.59 | -49.2 | -23.56 | 0.16 | -5.88 | 14.29 | 17.83 | -27.43 | -21.21 | 30.21 | -22.44 | -24.38 | 89.47 | -2.14 | 213.16 | 10.53 | 22.81 | -85.26 | 26.20 | 6.24 | -10.67 |
| 24Q2 (19) | 0.70 | 9.37 | 218.18 | 35.82 | 1.82 | 32.03 | 18.26 | 10.0 | 296.96 | 19.99 | -3.29 | 154.0 | 17.63 | -5.42 | 131.36 | 4.13 | 6.99 | 173.51 | 3.13 | 6.46 | 184.55 | 0.17 | 13.33 | 30.77 | 24.57 | -7.87 | 68.29 | 38.95 | 33.71 | -20.1 | 91.43 | 13.37 | 67.62 | 8.57 | -55.71 | -76.43 | 24.66 | -10.07 | -17.5 |
| 24Q1 (18) | 0.64 | 72.97 | 48.84 | 35.18 | -4.14 | 3.2 | 16.60 | 0.91 | 17.48 | 20.67 | 82.28 | 47.01 | 18.64 | 71.64 | 29.18 | 3.86 | 66.38 | 34.97 | 2.94 | 70.93 | 47.0 | 0.15 | 0.0 | 15.38 | 26.67 | 48.17 | 25.09 | 29.13 | -27.01 | -35.45 | 80.65 | -45.16 | -19.35 | 19.35 | 141.13 | 0 | 27.42 | -2.73 | 0.22 |
| 23Q4 (17) | 0.37 | -19.57 | -24.49 | 36.70 | 41.43 | 13.8 | 16.45 | 285.25 | 13.76 | 11.34 | -25.79 | -7.8 | 10.86 | -26.72 | -12.63 | 2.32 | -20.27 | -31.96 | 1.72 | -17.31 | -25.22 | 0.15 | 7.14 | -16.67 | 18.00 | -20.46 | 0.67 | 39.91 | -0.1 | -21.34 | 147.06 | 414.71 | 24.43 | -47.06 | -165.88 | -158.82 | 28.19 | -3.89 | 21.4 |
| 23Q3 (16) | 0.46 | 109.09 | 84.0 | 25.95 | -4.35 | 3.55 | 4.27 | -7.17 | 80.17 | 15.28 | 94.16 | 54.34 | 14.82 | 94.49 | 49.7 | 2.91 | 92.72 | 46.23 | 2.08 | 89.09 | 54.07 | 0.14 | 7.69 | 7.69 | 22.63 | 55.0 | 22.99 | 39.95 | -18.05 | -26.59 | 28.57 | -47.62 | 14.29 | 71.43 | 96.43 | -4.76 | 29.33 | -1.87 | 1.07 |
| 23Q2 (15) | 0.22 | -48.84 | -72.15 | 27.13 | -20.42 | -16.19 | 4.60 | -67.45 | -62.54 | 7.87 | -44.03 | -64.69 | 7.62 | -47.19 | -65.91 | 1.51 | -47.2 | -73.78 | 1.10 | -45.0 | -70.19 | 0.13 | 0.0 | -18.75 | 14.60 | -31.52 | -49.71 | 48.75 | 8.02 | -15.07 | 54.55 | -45.45 | -2.39 | 36.36 | 0 | -17.58 | 29.89 | 9.25 | 22.05 |
| 23Q1 (14) | 0.43 | -12.24 | 258.33 | 34.09 | 5.71 | 43.42 | 14.13 | -2.28 | 1759.21 | 14.06 | 14.31 | 128.99 | 14.43 | 16.09 | 135.02 | 2.86 | -16.13 | 150.88 | 2.00 | -13.04 | 163.16 | 0.13 | -27.78 | 8.33 | 21.32 | 19.24 | 35.45 | 45.13 | -11.06 | -25.15 | 100.00 | -15.38 | 600.0 | 0.00 | 100.0 | -100.0 | 27.36 | 17.83 | -6.3 |
| 22Q4 (13) | 0.49 | 96.0 | 880.0 | 32.25 | 28.69 | 65.98 | 14.46 | 510.13 | 364.95 | 12.30 | 24.24 | 330.07 | 12.43 | 25.56 | 383.66 | 3.41 | 71.36 | 424.62 | 2.30 | 70.37 | 411.11 | 0.18 | 38.46 | 20.0 | 17.88 | -2.83 | 72.92 | 50.74 | -6.76 | -17.35 | 118.18 | 372.73 | 18.18 | -18.18 | -124.24 | 0 | 23.22 | -19.99 | 15.58 |
| 22Q3 (12) | 0.25 | -68.35 | 308.33 | 25.06 | -22.58 | 21.3 | 2.37 | -80.7 | 136.57 | 9.90 | -55.59 | 271.58 | 9.90 | -55.7 | 264.18 | 1.99 | -65.45 | 316.3 | 1.35 | -63.41 | 364.71 | 0.13 | -18.75 | 44.44 | 18.40 | -36.62 | 227.4 | 54.42 | -5.19 | -15.13 | 25.00 | -55.26 | -79.17 | 75.00 | 70.0 | 475.0 | 29.02 | 18.5 | -15.59 |
| 22Q2 (11) | 0.79 | 558.33 | 172.41 | 32.37 | 36.18 | 13.3 | 12.28 | 1515.79 | 31.9 | 22.29 | 263.03 | 148.77 | 22.35 | 264.01 | 149.44 | 5.76 | 405.26 | 169.16 | 3.69 | 385.53 | 171.32 | 0.16 | 33.33 | 6.67 | 29.03 | 84.43 | 72.9 | 57.40 | -4.79 | -11.67 | 55.88 | 291.18 | -48.42 | 44.12 | -48.53 | 0 | 24.49 | -16.13 | -9.56 |
| 22Q1 (10) | 0.12 | 140.0 | 271.43 | 23.77 | 22.34 | 34.67 | 0.76 | -75.56 | 119.0 | 6.14 | 114.69 | 246.54 | 6.14 | 138.91 | 353.72 | 1.14 | 75.38 | 347.83 | 0.76 | 68.89 | 445.45 | 0.12 | -20.0 | 9.09 | 15.74 | 52.22 | 180.57 | 60.29 | -1.79 | -5.93 | 14.29 | -85.71 | -85.71 | 85.71 | 0 | 0 | 29.20 | 45.35 | 1.49 |
| 21Q4 (9) | 0.05 | 141.67 | -72.22 | 19.43 | -5.95 | -33.93 | 3.11 | 147.99 | -56.98 | 2.86 | 149.57 | -48.09 | 2.57 | 142.62 | -54.11 | 0.65 | 170.65 | -44.92 | 0.45 | 188.24 | -41.56 | 0.15 | 66.67 | 15.38 | 10.34 | 83.99 | -27.03 | 61.39 | -4.26 | -7.88 | 100.00 | -16.67 | -22.22 | 0.00 | 100.0 | 100.0 | 20.09 | -41.56 | -26.65 |
| 21Q3 (8) | -0.12 | -141.38 | -33.33 | 20.66 | -27.69 | -8.22 | -6.48 | -169.6 | -132.26 | -5.77 | -164.4 | -37.05 | -6.03 | -167.3 | -82.18 | -0.92 | -142.99 | -55.93 | -0.51 | -137.5 | -59.38 | 0.09 | -40.0 | -18.18 | 5.62 | -66.53 | 4.85 | 64.12 | -1.32 | 5.7 | 120.00 | 10.77 | 100.0 | -20.00 | 0 | -150.0 | 34.38 | 26.96 | 15.91 |
| 21Q2 (7) | 0.29 | 514.29 | 26.09 | 28.57 | 61.87 | -7.0 | 9.31 | 332.75 | 17.25 | 8.96 | 313.84 | 9.0 | 8.96 | 470.25 | 17.28 | 2.14 | 565.22 | 29.7 | 1.36 | 718.18 | 18.26 | 0.15 | 36.36 | 0.0 | 16.79 | 199.29 | 6.06 | 64.98 | 1.39 | 6.21 | 108.33 | 8.33 | 8.33 | 0.00 | 0 | 0 | 27.08 | -5.87 | 0 |
| 21Q1 (6) | -0.07 | -138.89 | -117.07 | 17.65 | -39.99 | -48.13 | -4.00 | -155.33 | -130.26 | -4.19 | -176.04 | -127.01 | -2.42 | -143.21 | -114.59 | -0.46 | -138.98 | -113.22 | -0.22 | -128.57 | -108.43 | 0.11 | -15.38 | -31.25 | 5.61 | -60.41 | -77.56 | 64.09 | -3.83 | 97.56 | 100.00 | -22.22 | 14.29 | -0.00 | 100.0 | -100.0 | 28.77 | 5.04 | 12.43 |
| 20Q4 (5) | 0.18 | 300.0 | 12.5 | 29.41 | 30.65 | -13.19 | 7.23 | 359.14 | -10.19 | 5.51 | 230.88 | -14.31 | 5.60 | 269.18 | -12.91 | 1.18 | 300.0 | -11.94 | 0.77 | 340.62 | -23.0 | 0.13 | 18.18 | -13.33 | 14.17 | 164.37 | -8.76 | 66.64 | 9.86 | 80.4 | 128.57 | 114.29 | 12.5 | -28.57 | -171.43 | 0.0 | 27.39 | -7.65 | 10.09 |
| 20Q3 (4) | -0.09 | -139.13 | 0.0 | 22.51 | -26.73 | 0.0 | -2.79 | -135.14 | 0.0 | -4.21 | -151.22 | 0.0 | -3.31 | -143.32 | 0.0 | -0.59 | -135.76 | 0.0 | -0.32 | -127.83 | 0.0 | 0.11 | -26.67 | 0.0 | 5.36 | -66.14 | 0.0 | 60.66 | -0.85 | 0.0 | 60.00 | -40.0 | 0.0 | 40.00 | 0 | 0.0 | 29.66 | 0 | 0.0 |
| 20Q2 (3) | 0.23 | -43.9 | 0.0 | 30.72 | -9.73 | 0.0 | 7.94 | -39.94 | 0.0 | 8.22 | -47.0 | 0.0 | 7.64 | -53.95 | 0.0 | 1.65 | -52.59 | 0.0 | 1.15 | -55.94 | 0.0 | 0.15 | -6.25 | 0.0 | 15.83 | -36.68 | 0.0 | 61.18 | 88.59 | 0.0 | 100.00 | 14.29 | 0.0 | 0.00 | -100.0 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | 0.41 | 156.25 | 0.0 | 34.03 | 0.44 | 0.0 | 13.22 | 64.22 | 0.0 | 15.51 | 141.21 | 0.0 | 16.59 | 158.01 | 0.0 | 3.48 | 159.7 | 0.0 | 2.61 | 161.0 | 0.0 | 0.16 | 6.67 | 0.0 | 25.00 | 60.98 | 0.0 | 32.44 | -12.18 | 0.0 | 87.50 | -23.44 | 0.0 | 12.50 | 143.75 | 0.0 | 25.59 | 2.85 | 0.0 |
| 19Q4 (1) | 0.16 | 0.0 | 0.0 | 33.88 | 0.0 | 0.0 | 8.05 | 0.0 | 0.0 | 6.43 | 0.0 | 0.0 | 6.43 | 0.0 | 0.0 | 1.34 | 0.0 | 0.0 | 1.00 | 0.0 | 0.0 | 0.15 | 0.0 | 0.0 | 15.53 | 0.0 | 0.0 | 36.94 | 0.0 | 0.0 | 114.29 | 0.0 | 0.0 | -28.57 | 0.0 | 0.0 | 24.88 | 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) | 1.48 | -10.3 | 31.10 | 6.95 | 10.01 | 16.53 | 6.26 | -6.58 | 12.11 | -9.08 | 11.90 | -11.06 | 9.58 | -20.56 | 6.86 | -14.36 | 0.55 | -5.17 | 19.14 | -7.22 | 39.91 | -21.34 | 82.35 | 27.73 | 17.65 | -50.33 | 0.00 | 0 | 28.68 | 10.35 |
| 2022 (9) | 1.65 | 1078.57 | 29.08 | 32.91 | 8.59 | 468.87 | 6.70 | -19.91 | 13.32 | 831.47 | 13.38 | 691.72 | 12.06 | 761.43 | 8.01 | 641.67 | 0.58 | 13.73 | 20.63 | 97.23 | 50.74 | -17.35 | 64.47 | -35.53 | 35.53 | 0 | 0.00 | 0 | 25.99 | -2.66 |
| 2021 (8) | 0.14 | -80.82 | 21.88 | -24.89 | 1.51 | -76.22 | 8.37 | 4.72 | 1.43 | -76.63 | 1.69 | -73.84 | 1.40 | -74.91 | 1.08 | -71.88 | 0.51 | -10.53 | 10.46 | -28.8 | 61.39 | -7.88 | 100.00 | -3.45 | 0.00 | 0 | 0.00 | 0 | 26.70 | -0.74 |
| 2020 (7) | 0.73 | -1.35 | 29.13 | 4.04 | 6.35 | 20.72 | 7.99 | -14.55 | 6.12 | -18.51 | 6.46 | -13.98 | 5.58 | -15.71 | 3.84 | -22.11 | 0.57 | -10.94 | 14.69 | -14.94 | 66.64 | 80.4 | 103.57 | 45.94 | -3.57 | 0 | 0.00 | 0 | 26.90 | 6.75 |
| 2019 (6) | 0.74 | 0 | 28.00 | 64.13 | 5.26 | 0 | 9.35 | -33.22 | 7.51 | 0 | 7.51 | 0 | 6.62 | 0 | 4.93 | 0 | 0.64 | 4.92 | 17.27 | 81.41 | 36.94 | -1.55 | 70.97 | -45.16 | 29.03 | 0 | 0.00 | 0 | 25.20 | -1.49 |
| 2018 (5) | -0.35 | 0 | 17.06 | -13.31 | -6.11 | 0 | 14.01 | -21.47 | -4.72 | 0 | -4.19 | 0 | -3.42 | 0 | -2.45 | 0 | 0.61 | 7.02 | 9.52 | -6.58 | 37.52 | 32.07 | 129.41 | 54.06 | -29.41 | 0 | 0.00 | 0 | 25.58 | -8.68 |
| 2017 (4) | -0.59 | 0 | 19.68 | 2455.84 | -6.58 | 0 | 17.83 | -17.59 | -7.99 | 0 | -7.94 | 0 | -5.66 | 0 | -4.42 | 0 | 0.57 | 26.67 | 10.19 | 0 | 28.41 | 29.02 | 84.00 | -18.4 | 16.00 | 0 | 0.00 | 0 | 28.01 | -8.13 |
| 2016 (3) | -1.61 | 0 | 0.77 | -95.21 | -26.22 | 0 | 21.64 | 18.66 | -25.49 | 0 | -25.49 | 0 | -14.03 | 0 | -11.31 | 0 | 0.45 | -6.25 | -3.73 | 0 | 22.02 | -9.16 | 102.94 | -10.34 | -2.94 | 0 | 0.00 | 0 | 30.49 | 11.97 |
| 2015 (2) | -0.65 | 0 | 16.06 | 1144.96 | -9.80 | 0 | 18.24 | -14.37 | -8.60 | 0 | -8.71 | 0 | -5.07 | 0 | -4.17 | 0 | 0.48 | 20.0 | 9.75 | 0 | 24.24 | 47.18 | 114.81 | 8.52 | -14.81 | 0 | 0.00 | 0 | 27.23 | -7.51 |
| 2014 (1) | -1.57 | 0 | 1.29 | 0 | -26.41 | 0 | 21.30 | -7.39 | -24.70 | 0 | -23.95 | 0 | -11.01 | 0 | -9.63 | 0 | 0.40 | 2.56 | -3.25 | 0 | 16.47 | 36.34 | 105.80 | 1.33 | -7.25 | 0 | 0.00 | 0 | 29.44 | 5.6 |
