- 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) | 0.20 | 0 | -9.09 | 45.59 | 1.9 | 24.36 | 5.74 | 82.22 | 9.75 | 3.57 | 92.97 | -7.99 | 2.15 | 230.77 | -0.92 | 2.36 | 242.03 | 24.21 | 0.78 | 50.0 | -6.02 | 0.19 | 0.0 | -20.83 | 13.73 | 8.71 | 45.6 | 457.51 | -5.82 | 66.64 | 162.50 | -7.14 | 21.88 | -62.50 | 16.67 | -87.5 | 12.63 | 4.04 | 21.56 |
| 24Q2 (19) | 0.00 | 100.0 | -100.0 | 44.74 | -1.74 | 21.77 | 3.15 | 317.24 | -64.65 | 1.85 | 148.81 | -79.05 | 0.65 | 114.91 | -90.61 | 0.69 | 119.11 | -89.13 | 0.52 | 233.33 | -75.59 | 0.19 | 11.76 | -29.63 | 12.63 | 49.64 | -9.01 | 485.76 | 18.45 | 98.1 | 175.00 | 372.5 | 72.87 | -75.00 | -219.12 | -5975.0 | 12.14 | -10.14 | 6.58 |
| 24Q1 (18) | -0.77 | -63.83 | -172.64 | 45.53 | 5.39 | 28.22 | -1.45 | -0.69 | -124.53 | -3.79 | -126.95 | -152.79 | -4.36 | -146.33 | -169.98 | -3.61 | -159.71 | -169.16 | -0.39 | -1850.0 | -123.64 | 0.17 | -10.53 | -26.09 | 8.44 | 14.83 | -30.07 | 410.11 | 13.04 | 67.42 | 37.04 | -55.56 | -55.25 | 62.96 | 277.78 | 265.19 | 13.51 | 18.82 | 6.71 |
| 23Q4 (17) | -0.47 | -313.64 | -137.9 | 43.20 | 17.84 | 15.29 | -1.44 | -127.53 | -118.85 | -1.67 | -143.04 | -118.62 | -1.77 | -181.57 | -122.18 | -1.39 | -173.16 | -119.25 | -0.02 | -102.41 | -100.96 | 0.19 | -20.83 | -20.83 | 7.35 | -22.06 | -45.47 | 362.80 | 32.14 | 32.95 | 83.33 | -37.5 | -0.79 | 16.67 | 150.0 | 13.64 | 11.37 | 9.43 | -5.25 |
| 23Q3 (16) | 0.22 | -82.95 | -80.87 | 36.66 | -0.22 | 2.06 | 5.23 | -41.3 | -12.54 | 3.88 | -56.06 | -52.91 | 2.17 | -68.64 | -71.14 | 1.90 | -70.08 | -73.46 | 0.83 | -61.03 | -59.31 | 0.24 | -11.11 | -4.0 | 9.43 | -32.06 | -24.26 | 274.55 | 11.97 | -5.5 | 133.33 | 31.71 | 85.03 | -33.33 | -2600.0 | -225.93 | 10.39 | -8.78 | -9.65 |
| 23Q2 (15) | 1.29 | 21.7 | -3.73 | 36.74 | 3.46 | -1.61 | 8.91 | 50.76 | 4.58 | 8.83 | 22.98 | -11.96 | 6.92 | 11.08 | -11.62 | 6.35 | 21.65 | -15.67 | 2.13 | 29.09 | 2.4 | 0.27 | 17.39 | 8.0 | 13.88 | 15.0 | 0.87 | 245.21 | 0.1 | -12.71 | 101.23 | 22.33 | 19.37 | -1.23 | -107.16 | -108.13 | 11.39 | -10.03 | -8.95 |
| 23Q1 (14) | 1.06 | -14.52 | -10.92 | 35.51 | -5.23 | -3.16 | 5.91 | -22.64 | -34.98 | 7.18 | -19.96 | -32.58 | 6.23 | -21.93 | -29.45 | 5.22 | -27.7 | -36.73 | 1.65 | -20.67 | -23.61 | 0.23 | -4.17 | 0.0 | 12.07 | -10.46 | -17.55 | 244.96 | -10.23 | -17.82 | 82.76 | -1.48 | -2.19 | 17.24 | 17.55 | 22.26 | 12.66 | 5.5 | -6.43 |
| 22Q4 (13) | 1.24 | 7.83 | 42.53 | 37.47 | 4.32 | 1.82 | 7.64 | 27.76 | -5.21 | 8.97 | 8.86 | -3.65 | 7.98 | 6.12 | 8.72 | 7.22 | 0.84 | 2.12 | 2.08 | 1.96 | 16.2 | 0.24 | -4.0 | 9.09 | 13.48 | 8.27 | 0.22 | 272.89 | -6.07 | -14.38 | 84.00 | 16.57 | -2.5 | 14.67 | -44.59 | 5.93 | 12.00 | 4.35 | 13.74 |
| 22Q3 (12) | 1.15 | -14.18 | 3.6 | 35.92 | -3.8 | -0.75 | 5.98 | -29.81 | -37.58 | 8.24 | -17.85 | -23.13 | 7.52 | -3.96 | -15.22 | 7.16 | -4.91 | -22.17 | 2.04 | -1.92 | -6.85 | 0.25 | 0.0 | 8.7 | 12.45 | -9.52 | -14.55 | 290.53 | 3.42 | -14.72 | 72.06 | -15.04 | -19.34 | 26.47 | 74.26 | 148.16 | 11.50 | -8.07 | -25.08 |
| 22Q2 (11) | 1.34 | 12.61 | 135.09 | 37.34 | 1.83 | 5.75 | 8.52 | -6.27 | 29.29 | 10.03 | -5.82 | 62.56 | 7.83 | -11.33 | 56.91 | 7.53 | -8.73 | 37.16 | 2.08 | -3.7 | 57.58 | 0.25 | 8.7 | 8.7 | 13.76 | -6.01 | 36.64 | 280.92 | -5.76 | -22.43 | 84.81 | 0.23 | -20.72 | 15.19 | 7.71 | 317.72 | 12.51 | -7.54 | -21.07 |
| 22Q1 (10) | 1.19 | 36.78 | 116.36 | 36.67 | -0.35 | 7.82 | 9.09 | 12.78 | 51.0 | 10.65 | 14.39 | 40.69 | 8.83 | 20.3 | 41.73 | 8.25 | 16.69 | 25.76 | 2.16 | 20.67 | 40.26 | 0.23 | 4.55 | 4.55 | 14.64 | 8.85 | 21.39 | 298.09 | -6.48 | -21.23 | 84.62 | -1.79 | 6.88 | 14.10 | 1.85 | -32.31 | 13.53 | 28.25 | -14.74 |
| 21Q4 (9) | 0.87 | -21.62 | 289.13 | 36.80 | 1.69 | 34.85 | 8.06 | -15.87 | 826.13 | 9.31 | -13.15 | 554.15 | 7.34 | -17.25 | 372.86 | 7.07 | -23.15 | 381.67 | 1.79 | -18.26 | 677.42 | 0.22 | -4.35 | 15.79 | 13.45 | -7.69 | 335.28 | 318.74 | -6.44 | -17.56 | 86.15 | -3.56 | 57.95 | 13.85 | 29.81 | -69.54 | 10.55 | -31.27 | -31.98 |
| 21Q3 (8) | 1.11 | 94.74 | 138.95 | 36.19 | 2.49 | 76.11 | 9.58 | 45.37 | 273.24 | 10.72 | 73.74 | 160.16 | 8.87 | 77.76 | 152.58 | 9.20 | 67.58 | 162.25 | 2.19 | 65.91 | 166.57 | 0.23 | 0.0 | 9.52 | 14.57 | 44.69 | 211.99 | 340.69 | -5.92 | -10.27 | 89.33 | -16.49 | 191.05 | 10.67 | 252.89 | -84.61 | 15.35 | -3.15 | -8.25 |
| 21Q2 (7) | 0.57 | 3.64 | 303.57 | 35.31 | 3.82 | 22.18 | 6.59 | 9.47 | 45.47 | 6.17 | -18.49 | 785.56 | 4.99 | -19.9 | 515.83 | 5.49 | -16.31 | 753.57 | 1.32 | -14.29 | 1420.0 | 0.23 | 4.55 | 9.52 | 10.07 | -16.5 | 205.15 | 362.14 | -4.3 | 29.5 | 106.98 | 35.13 | 121.4 | -6.98 | -133.49 | -101.16 | 15.85 | -0.13 | 0 |
| 21Q1 (6) | 0.55 | 219.57 | 466.67 | 34.01 | 24.62 | 13.29 | 6.02 | 642.34 | 351.88 | 7.57 | 469.27 | 480.4 | 6.23 | 331.6 | 340.54 | 6.56 | 361.35 | 629.03 | 1.54 | 596.77 | 670.37 | 0.22 | 15.79 | 29.41 | 12.06 | 290.29 | 254.71 | 378.41 | -2.12 | 99.89 | 79.17 | 45.14 | -36.67 | 20.83 | -54.17 | 183.33 | 15.87 | 2.32 | -27.63 |
| 20Q4 (5) | -0.46 | 83.86 | -2400.0 | 27.29 | 32.8 | -14.77 | -1.11 | 79.93 | -126.3 | -2.05 | 88.5 | -1076.19 | -2.69 | 84.05 | -380.21 | -2.51 | 83.02 | -532.76 | -0.31 | 90.58 | -181.58 | 0.19 | -9.52 | -5.0 | 3.09 | 123.75 | -36.29 | 386.62 | 1.83 | 109.83 | 54.55 | 77.71 | -97.4 | 45.45 | -34.42 | 102.27 | 15.51 | -7.29 | -5.48 |
| 20Q3 (4) | -2.85 | -917.86 | 0.0 | 20.55 | -28.89 | 0.0 | -5.53 | -222.08 | 0.0 | -17.82 | -1880.0 | 0.0 | -16.87 | -1305.83 | 0.0 | -14.78 | -1659.52 | 0.0 | -3.29 | -3190.0 | 0.0 | 0.21 | 0.0 | 0.0 | -13.01 | -494.24 | 0.0 | 379.68 | 35.77 | 0.0 | 30.69 | 106.14 | 0.0 | 69.31 | -88.45 | 0.0 | 16.73 | 0 | 0.0 |
| 20Q2 (3) | -0.28 | -86.67 | 0.0 | 28.90 | -3.73 | 0.0 | 4.53 | 289.54 | 0.0 | -0.90 | 54.77 | 0.0 | -1.20 | 53.67 | 0.0 | -0.84 | 32.26 | 0.0 | -0.10 | 62.96 | 0.0 | 0.21 | 23.53 | 0.0 | 3.30 | -2.94 | 0.0 | 279.65 | 47.72 | 0.0 | -500.00 | -500.0 | 0.0 | 600.00 | 2500.0 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | -0.15 | -850.0 | 0.0 | 30.02 | -6.25 | 0.0 | -2.39 | -156.64 | 0.0 | -1.99 | -1047.62 | 0.0 | -2.59 | -369.79 | 0.0 | -1.24 | -313.79 | 0.0 | -0.27 | -171.05 | 0.0 | 0.17 | -15.0 | 0.0 | 3.40 | -29.9 | 0.0 | 189.31 | 2.75 | 0.0 | 125.00 | -94.05 | 0.0 | -25.00 | 98.75 | 0.0 | 21.93 | 33.64 | 0.0 |
| 19Q4 (1) | 0.02 | 0.0 | 0.0 | 32.02 | 0.0 | 0.0 | 4.22 | 0.0 | 0.0 | 0.21 | 0.0 | 0.0 | 0.96 | 0.0 | 0.0 | 0.58 | 0.0 | 0.0 | 0.38 | 0.0 | 0.0 | 0.20 | 0.0 | 0.0 | 4.85 | 0.0 | 0.0 | 184.25 | 0.0 | 0.0 | 2100.00 | 0.0 | 0.0 | -2000.00 | 0.0 | 0.0 | 16.41 | 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) | 1.66 | -63.91 | 37.79 | 2.55 | 5.02 | -35.39 | 3.98 | 46.9 | 4.92 | -47.83 | 3.68 | -54.11 | 13.23 | -55.91 | 4.21 | -49.22 | 0.86 | -9.47 | 10.90 | -19.56 | 362.80 | 32.95 | 101.86 | 23.81 | -1.86 | 0 | 4.30 | -30.02 | 11.45 | -7.29 |
| 2022 (9) | 4.60 | 47.91 | 36.85 | 3.45 | 7.77 | 2.24 | 2.71 | 3.99 | 9.43 | 11.33 | 8.02 | 16.57 | 30.01 | 6.38 | 8.29 | 19.8 | 0.95 | 4.4 | 13.55 | 7.88 | 272.89 | -14.38 | 82.27 | -8.19 | 17.73 | 70.61 | 6.14 | -16.95 | 12.35 | -14.06 |
| 2021 (8) | 3.11 | 0 | 35.62 | 34.87 | 7.60 | 0 | 2.61 | -11.25 | 8.47 | 0 | 6.88 | 0 | 28.21 | 0 | 6.92 | 0 | 0.91 | 15.19 | 12.56 | 0 | 318.74 | -17.56 | 89.61 | 390.91 | 10.39 | -87.29 | 7.40 | -14.59 | 14.37 | -16.94 |
| 2020 (7) | -3.73 | 0 | 26.41 | -5.54 | -1.10 | 0 | 2.94 | 2.87 | -6.06 | 0 | -6.16 | 0 | -17.71 | 0 | -4.13 | 0 | 0.79 | 5.33 | -1.20 | 0 | 386.62 | 109.83 | 18.25 | -85.57 | 81.75 | 0 | 8.66 | -35.57 | 17.30 | -10.18 |
| 2019 (6) | 1.47 | -31.94 | 27.96 | 52.87 | 6.30 | 4.83 | 2.86 | -14.77 | 4.99 | -36.68 | 4.61 | -27.74 | 9.18 | -42.84 | 4.24 | -41.19 | 0.75 | -29.25 | 9.59 | -18.17 | 184.25 | 39.85 | 126.47 | 65.86 | -26.47 | 0 | 13.44 | 1.05 | 19.26 | -7.36 |
| 2018 (5) | 2.16 | 0 | 18.29 | 78.61 | 6.01 | 270.99 | 3.35 | -28.39 | 7.88 | 0 | 6.38 | 0 | 16.06 | 0 | 7.21 | 0 | 1.06 | 4.95 | 11.72 | 270.89 | 131.75 | -8.93 | 76.25 | 0 | 23.75 | -86.81 | 13.30 | 0 | 20.79 | -12.24 |
| 2017 (4) | -2.34 | 0 | 10.24 | -27.99 | 1.62 | -74.57 | 4.68 | 11.68 | -1.85 | 0 | -8.53 | 0 | -20.15 | 0 | -8.35 | 0 | 1.01 | -11.4 | 3.16 | -70.71 | 144.67 | 15.86 | -86.67 | 0 | 180.00 | 0 | 0.00 | 0 | 23.69 | 9.02 |
| 2016 (3) | 1.57 | 53.92 | 14.22 | 32.4 | 6.37 | 96.6 | 4.19 | 10.8 | 6.37 | 52.03 | 4.77 | 78.65 | 13.11 | 37.28 | 5.58 | 62.68 | 1.14 | -4.2 | 10.79 | 31.75 | 124.87 | -22.31 | 100.00 | 30.56 | 0.00 | 0 | 0.00 | 0 | 21.73 | 4.77 |
| 2015 (2) | 1.02 | -28.67 | 10.74 | 10.61 | 3.24 | 91.72 | 3.78 | -1.53 | 4.19 | -16.7 | 2.67 | -29.74 | 9.55 | -36.67 | 3.43 | -29.28 | 1.19 | -2.46 | 8.19 | -10.39 | 160.72 | -34.19 | 76.60 | 121.72 | 23.40 | -64.24 | 0.00 | 0 | 20.74 | 6.47 |
| 2014 (1) | 1.43 | -22.7 | 9.71 | 0 | 1.69 | 0 | 3.84 | -75.05 | 5.03 | 0 | 3.80 | 0 | 15.08 | 0 | 4.85 | 0 | 1.22 | 177.27 | 9.14 | -69.85 | 244.21 | 20.92 | 34.55 | 0 | 65.45 | -73.88 | 0.00 | 0 | 19.48 | -21.58 |
