- 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) | -0.04 | -500.0 | -300.0 | 10.17 | -2.12 | -8.95 | 0.96 | 346.15 | 2020.0 | 1.40 | 100.0 | 81.82 | -1.17 | -416.22 | -285.71 | -0.25 | -457.14 | -308.33 | -0.18 | -325.0 | -250.0 | 0.17 | 21.43 | 6.25 | 4.11 | 7.31 | 18.44 | 22.65 | -13.02 | 3.05 | 66.67 | 166.67 | 0 | 33.33 | -83.33 | -66.67 | 13.20 | -15.44 | -7.3 |
| 24Q2 (19) | 0.01 | -80.0 | 0 | 10.39 | -18.0 | -14.77 | -0.39 | -123.21 | 4.88 | 0.70 | -71.43 | 40.0 | 0.37 | -77.16 | 562.5 | 0.07 | -74.07 | 800.0 | 0.08 | -68.0 | 700.0 | 0.14 | 0.0 | 16.67 | 3.83 | -32.21 | -11.34 | 26.04 | 22.6 | 9.23 | -100.00 | -233.33 | 0.0 | 200.00 | 700.0 | 100.0 | 15.61 | -2.13 | -11.76 |
| 24Q1 (18) | 0.05 | 600.0 | -83.33 | 12.67 | 34.93 | -33.14 | 1.68 | 580.0 | -82.75 | 2.45 | 3162.5 | -75.48 | 1.62 | 452.17 | -80.69 | 0.27 | 437.5 | -84.02 | 0.25 | 600.0 | -82.39 | 0.14 | -6.67 | -17.65 | 5.65 | 78.23 | -54.8 | 21.24 | 2.81 | -4.15 | 75.00 | 0 | -21.43 | 25.00 | 0 | 450.0 | 15.95 | 9.55 | 13.93 |
| 23Q4 (17) | -0.01 | -150.0 | 93.75 | 9.39 | -15.94 | 140.15 | -0.35 | -600.0 | 94.36 | -0.08 | -110.39 | 98.73 | -0.46 | -173.02 | 91.0 | -0.08 | -166.67 | 91.3 | -0.05 | -141.67 | 93.15 | 0.15 | -6.25 | 0.0 | 3.17 | -8.65 | 201.6 | 20.66 | -6.01 | 6.33 | 0.00 | 0 | -100.0 | 0.00 | -100.0 | 0 | 14.56 | 2.25 | 3.93 |
| 23Q3 (16) | 0.02 | 0 | 108.0 | 11.17 | -8.37 | 524.71 | -0.05 | 87.8 | 99.36 | 0.77 | 54.0 | 110.88 | 0.63 | 887.5 | 111.13 | 0.12 | 1300.0 | 108.39 | 0.12 | 1100.0 | 111.21 | 0.16 | 33.33 | -15.79 | 3.47 | -19.68 | 172.59 | 21.98 | -7.8 | -24.29 | 0.00 | 100.0 | -100.0 | 100.00 | 0.0 | 1050.0 | 14.24 | -19.5 | 37.32 |
| 23Q2 (15) | 0.00 | -100.0 | -100.0 | 12.19 | -35.67 | 60.39 | -0.41 | -104.21 | -134.75 | 0.50 | -94.99 | -65.52 | -0.08 | -100.95 | -105.56 | -0.01 | -100.59 | -102.27 | 0.01 | -99.3 | -97.06 | 0.12 | -29.41 | -47.83 | 4.32 | -65.44 | 32.52 | 23.84 | 7.58 | -27.56 | -100.00 | -204.76 | -225.0 | 100.00 | 2100.0 | 400.0 | 17.69 | 26.36 | 99.44 |
| 23Q1 (14) | 0.30 | 287.5 | 1400.0 | 18.95 | 384.65 | 170.71 | 9.74 | 256.84 | 1353.73 | 9.99 | 258.57 | 962.77 | 8.39 | 264.19 | 2230.56 | 1.69 | 283.7 | 1590.0 | 1.42 | 294.52 | 1320.0 | 0.17 | 13.33 | -26.09 | 12.50 | 500.64 | 362.96 | 22.16 | 14.05 | -24.03 | 95.45 | -4.55 | 43.18 | 4.55 | 0 | -86.36 | 14.00 | -0.07 | 55.73 |
| 22Q4 (13) | -0.16 | 36.0 | -184.21 | 3.91 | 248.67 | -66.67 | -6.21 | 20.99 | -241.46 | -6.30 | 11.02 | -234.04 | -5.11 | 9.72 | -225.86 | -0.92 | 35.66 | -192.0 | -0.73 | 31.78 | -189.02 | 0.15 | -21.05 | -25.0 | -3.12 | 34.73 | -145.81 | 19.43 | -33.07 | -17.42 | 100.00 | -9.52 | 8.33 | -0.00 | 100.0 | -100.0 | 14.01 | 35.1 | 36.68 |
| 22Q3 (12) | -0.25 | -412.5 | -350.0 | -2.63 | -134.61 | -125.26 | -7.86 | -766.1 | -455.66 | -7.08 | -588.28 | -346.69 | -5.66 | -493.06 | -327.31 | -1.43 | -425.0 | -375.0 | -1.07 | -414.71 | -348.84 | 0.19 | -17.39 | 11.76 | -4.78 | -246.63 | -189.01 | 29.03 | -11.79 | 16.4 | 110.53 | 38.16 | 54.74 | -10.53 | -152.63 | -136.84 | 10.37 | 16.91 | -13.66 |
| 22Q2 (11) | 0.08 | 300.0 | -83.67 | 7.60 | 8.57 | -58.74 | 1.18 | 76.12 | -89.77 | 1.45 | 54.26 | -87.08 | 1.44 | 300.0 | -84.4 | 0.44 | 340.0 | -83.01 | 0.34 | 240.0 | -83.89 | 0.23 | 0.0 | 0.0 | 3.26 | 20.74 | -74.77 | 32.91 | 12.82 | 54.43 | 80.00 | 20.0 | -24.21 | 20.00 | -40.0 | 820.0 | 8.87 | -1.33 | -8.74 |
| 22Q1 (10) | 0.02 | -89.47 | -95.92 | 7.00 | -40.32 | -64.41 | 0.67 | -84.74 | -94.23 | 0.94 | -80.0 | -92.3 | 0.36 | -91.13 | -96.38 | 0.10 | -90.0 | -96.24 | 0.10 | -87.8 | -95.37 | 0.23 | 15.0 | 4.55 | 2.70 | -60.35 | -81.04 | 29.17 | 23.97 | 17.91 | 66.67 | -27.78 | -29.52 | 33.33 | 333.33 | 516.67 | 8.99 | -12.29 | -13.31 |
| 21Q4 (9) | 0.19 | 90.0 | -53.66 | 11.73 | 12.68 | -35.48 | 4.39 | 98.64 | -53.84 | 4.70 | 63.76 | -58.41 | 4.06 | 63.05 | -58.06 | 1.00 | 92.31 | -56.33 | 0.82 | 90.7 | -56.61 | 0.20 | 17.65 | 5.26 | 6.81 | 26.82 | -50.83 | 23.53 | -5.65 | 2.75 | 92.31 | 29.23 | 7.08 | 7.69 | -73.08 | -55.38 | 10.25 | -14.65 | -12.84 |
| 21Q3 (8) | 0.10 | -79.59 | -37.5 | 10.41 | -43.49 | -19.98 | 2.21 | -80.85 | -44.47 | 2.87 | -74.42 | -49.38 | 2.49 | -73.02 | -47.8 | 0.52 | -79.92 | -41.57 | 0.43 | -79.62 | -42.67 | 0.17 | -26.09 | 13.33 | 5.37 | -58.44 | -39.46 | 24.94 | 17.03 | 16.43 | 71.43 | -32.33 | -1.79 | 28.57 | 1128.57 | 4.76 | 12.01 | 23.56 | -19.12 |
| 21Q2 (7) | 0.49 | 0.0 | 444.44 | 18.42 | -6.35 | 98.28 | 11.54 | -0.6 | 321.5 | 11.22 | -8.03 | 3907.14 | 9.23 | -7.14 | 86.46 | 2.59 | -2.63 | 428.57 | 2.11 | -2.31 | 402.38 | 0.23 | 4.55 | 187.5 | 12.92 | -9.27 | 101.25 | 21.31 | -13.86 | -4.22 | 105.56 | 11.59 | 0 | -2.78 | -151.39 | 0 | 9.72 | -6.27 | 0 |
| 21Q1 (6) | 0.49 | 19.51 | 96.0 | 19.67 | 8.2 | 30.87 | 11.61 | 22.08 | 72.0 | 12.20 | 7.96 | 64.2 | 9.94 | 2.69 | 55.07 | 2.66 | 16.16 | 91.37 | 2.16 | 14.29 | 89.47 | 0.22 | 15.79 | 22.22 | 14.24 | 2.82 | 41.27 | 24.74 | 8.03 | 8.65 | 94.59 | 9.73 | 6.42 | 5.41 | -68.65 | -51.35 | 10.37 | -11.82 | 0 |
| 20Q4 (5) | 0.41 | 156.25 | 105.0 | 18.18 | 39.74 | 28.84 | 9.51 | 138.94 | 61.19 | 11.30 | 99.29 | 89.92 | 9.68 | 102.94 | 100.0 | 2.29 | 157.3 | 104.46 | 1.89 | 152.0 | 110.0 | 0.19 | 26.67 | 5.56 | 13.85 | 56.14 | 57.39 | 22.90 | 6.91 | -6.42 | 86.21 | 18.53 | -13.79 | 17.24 | -36.78 | 0 | 11.76 | -20.81 | 0 |
| 20Q3 (4) | 0.16 | 77.78 | 0.0 | 13.01 | 40.04 | 0.0 | 3.98 | 176.39 | 0.0 | 5.67 | 1925.0 | 0.0 | 4.77 | -3.64 | 0.0 | 0.89 | 81.63 | 0.0 | 0.75 | 78.57 | 0.0 | 0.15 | 87.5 | 0.0 | 8.87 | 38.16 | 0.0 | 21.42 | -3.73 | 0.0 | 72.73 | 0 | 0.0 | 27.27 | 0 | 0.0 | 14.85 | 0 | 0.0 |
| 20Q2 (3) | 0.09 | -64.0 | 0.0 | 9.29 | -38.19 | 0.0 | -5.21 | -177.19 | 0.0 | 0.28 | -96.23 | 0.0 | 4.95 | -22.78 | 0.0 | 0.49 | -64.75 | 0.0 | 0.42 | -63.16 | 0.0 | 0.08 | -55.56 | 0.0 | 6.42 | -36.31 | 0.0 | 22.25 | -2.28 | 0.0 | 0.00 | -100.0 | 0.0 | 0.00 | -100.0 | 0.0 | 0.00 | 0 | 0.0 |
| 20Q1 (2) | 0.25 | 25.0 | 0.0 | 15.03 | 6.52 | 0.0 | 6.75 | 14.41 | 0.0 | 7.43 | 24.87 | 0.0 | 6.41 | 32.44 | 0.0 | 1.39 | 24.11 | 0.0 | 1.14 | 26.67 | 0.0 | 0.18 | 0.0 | 0.0 | 10.08 | 14.55 | 0.0 | 22.77 | -6.95 | 0.0 | 88.89 | -11.11 | 0.0 | 11.11 | 0 | 0.0 | 0.00 | 0 | 0.0 |
| 19Q4 (1) | 0.20 | 0.0 | 0.0 | 14.11 | 0.0 | 0.0 | 5.90 | 0.0 | 0.0 | 5.95 | 0.0 | 0.0 | 4.84 | 0.0 | 0.0 | 1.12 | 0.0 | 0.0 | 0.90 | 0.0 | 0.0 | 0.18 | 0.0 | 0.0 | 8.80 | 0.0 | 0.0 | 24.47 | 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) | 0.30 | 0 | 13.13 | 202.53 | 2.55 | 0 | 2.73 | 34.64 | 3.09 | 0 | 2.39 | 0 | 1.74 | 0 | 1.54 | 0 | 0.60 | -29.41 | 6.11 | 0 | 20.66 | 6.33 | 83.33 | -29.01 | 16.67 | 0 | 0.08 | 0 | 14.98 | 47.73 |
| 2022 (9) | -0.31 | 0 | 4.34 | -71.87 | -2.39 | 0 | 2.03 | 5.93 | -2.06 | 0 | -1.69 | 0 | -1.74 | 0 | -1.37 | 0 | 0.85 | 2.41 | 0.00 | 0 | 19.43 | -17.42 | 117.39 | 21.3 | -17.39 | 0 | 0.00 | 0 | 10.14 | -3.43 |
| 2021 (8) | 1.27 | 39.56 | 15.43 | 4.47 | 7.85 | 47.28 | 1.91 | -35.38 | 8.13 | 11.83 | 6.74 | -1.61 | 6.87 | 36.58 | 5.62 | 35.75 | 0.83 | 40.68 | 10.18 | -1.83 | 23.53 | 2.75 | 96.77 | 32.78 | 3.23 | -88.1 | 0.00 | 0 | 10.50 | -24.62 |
| 2020 (7) | 0.91 | 65.45 | 14.77 | 33.91 | 5.33 | 75.33 | 2.96 | 19.2 | 7.27 | 120.97 | 6.85 | 112.73 | 5.03 | 62.78 | 4.14 | 61.72 | 0.59 | -22.37 | 10.37 | 72.26 | 22.90 | -6.42 | 72.88 | -22.56 | 27.12 | 207.34 | 0.00 | 0 | 13.93 | 28.62 |
| 2019 (6) | 0.55 | 41.03 | 11.03 | 17.72 | 3.04 | 40.74 | 2.49 | 45.16 | 3.29 | 23.68 | 3.22 | 59.41 | 3.09 | 45.75 | 2.56 | 47.98 | 0.76 | -6.17 | 6.02 | 32.6 | 24.47 | -13.13 | 94.12 | 16.71 | 8.82 | -54.41 | 0.00 | 0 | 10.83 | 11.53 |
| 2018 (5) | 0.39 | -59.79 | 9.37 | -28.47 | 2.16 | -65.44 | 1.71 | -7.68 | 2.66 | -53.98 | 2.02 | -57.56 | 2.12 | -58.75 | 1.73 | -57.18 | 0.81 | -2.41 | 4.54 | -41.94 | 28.17 | -12.38 | 80.65 | -25.56 | 19.35 | 0 | 0.00 | 0 | 9.71 | 4.52 |
| 2017 (4) | 0.97 | -45.2 | 13.10 | -27.58 | 6.25 | -40.02 | 1.85 | -28.5 | 5.78 | -45.21 | 4.76 | -47.35 | 5.14 | -46.18 | 4.04 | -46.7 | 0.83 | 0.0 | 7.82 | -41.6 | 32.15 | 14.82 | 108.33 | 10.08 | -8.33 | 0 | 0.00 | 0 | 9.29 | 2.2 |
| 2016 (3) | 1.77 | 145.83 | 18.09 | 68.12 | 10.42 | 157.28 | 2.59 | -2.72 | 10.55 | 138.69 | 9.04 | 145.65 | 9.55 | 137.56 | 7.58 | 135.4 | 0.83 | -1.19 | 13.39 | 82.67 | 28.00 | 1.23 | 98.41 | 6.45 | 1.59 | -78.97 | 0.00 | 0 | 9.09 | 5.7 |
| 2015 (2) | 0.72 | 56.52 | 10.76 | 33.83 | 4.05 | 117.74 | 2.67 | 17.17 | 4.42 | 90.52 | 3.68 | 89.69 | 4.02 | 58.89 | 3.22 | 62.63 | 0.84 | -13.4 | 7.33 | 53.99 | 27.66 | -17.33 | 92.45 | 16.42 | 7.55 | -63.34 | 0.00 | 0 | 8.60 | 22.33 |
| 2014 (1) | 0.46 | -29.23 | 8.04 | 0 | 1.86 | 0 | 2.28 | 4.56 | 2.32 | 0 | 1.94 | 0 | 2.53 | 0 | 1.98 | 0 | 0.97 | -8.49 | 4.76 | -8.46 | 33.46 | -7.98 | 79.41 | -11.35 | 20.59 | 147.06 | 0.00 | 0 | 7.03 | 11.59 |
