- 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 | |||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 24Q1 (20) | 0.28 | 21.74 | 64.71 | 22.93 | 21.19 | 13.4 | 10.76 | 154.37 | 39.92 | 12.53 | 64.22 | 81.86 | 12.53 | 64.22 | 81.86 | 1.54 | 22.22 | 58.76 | 1.29 | 14.16 | 57.32 | 0.10 | -33.33 | -16.67 | 12.77 | 63.51 | 66.06 | 27.52 | 134.21 | 6.75 | 83.33 | 38.89 | -16.67 | 16.67 | -58.33 | 0 | 11.87 | 27.5 | 7.03 |
| 23Q4 (19) | 0.23 | -65.15 | 174.19 | 18.92 | 0.0 | -23.71 | 4.23 | -33.59 | -65.75 | 7.63 | -62.82 | 160.32 | 7.63 | -62.85 | 160.32 | 1.26 | -65.48 | 174.56 | 1.13 | -63.31 | 175.33 | 0.15 | 0.0 | 25.0 | 7.81 | -62.63 | 179.69 | 11.75 | -6.0 | -5.24 | 60.00 | 110.0 | 160.0 | 40.00 | -37.78 | -81.54 | 9.31 | -2.62 | 0.11 |
| 23Q3 (18) | 0.66 | 94.12 | -7.04 | 18.92 | 18.18 | -3.91 | 6.37 | -2.3 | -41.4 | 20.52 | 100.2 | -20.77 | 20.54 | 122.78 | -20.69 | 3.65 | 87.18 | -6.65 | 3.08 | 97.44 | -12.75 | 0.15 | -11.76 | 7.14 | 20.90 | 101.15 | -25.54 | 12.50 | -51.1 | -2.5 | 28.57 | -54.29 | -28.57 | 64.29 | 71.43 | 7.14 | 9.56 | 9.38 | 46.85 |
| 23Q2 (17) | 0.34 | 100.0 | -69.09 | 16.01 | -20.82 | -15.07 | 6.52 | -15.21 | -26.24 | 10.25 | 48.77 | -74.73 | 9.22 | 33.82 | -76.94 | 1.95 | 101.03 | -69.24 | 1.56 | 90.24 | -73.74 | 0.17 | 41.67 | 13.33 | 10.39 | 35.11 | -75.33 | 25.56 | -0.85 | 198.6 | 62.50 | -37.5 | 187.5 | 37.50 | 0 | -52.08 | 8.74 | -21.19 | -3.1 |
| 23Q1 (16) | 0.17 | 154.84 | -59.52 | 20.22 | -18.47 | -2.22 | 7.69 | -37.73 | -24.16 | 6.89 | 154.47 | -65.38 | 6.89 | 154.47 | -65.38 | 0.97 | 157.4 | -62.11 | 0.82 | 154.67 | -65.55 | 0.12 | 0.0 | 0.0 | 7.69 | 178.47 | -66.17 | 25.78 | 107.9 | 432.64 | 100.00 | 200.0 | 125.0 | 0.00 | -100.0 | -100.0 | 11.09 | 19.25 | 12.13 |
| 22Q4 (15) | -0.31 | -143.66 | -196.88 | 24.80 | 25.95 | 15.67 | 12.35 | 13.62 | 30.69 | -12.65 | -148.84 | -172.83 | -12.65 | -148.84 | -172.83 | -1.69 | -143.22 | -184.5 | -1.50 | -142.49 | -184.27 | 0.12 | -14.29 | 20.0 | -9.80 | -134.91 | -146.56 | 12.40 | -3.28 | 17.09 | -100.00 | -350.0 | -275.0 | 216.67 | 261.11 | 405.56 | 9.30 | 42.86 | -10.14 |
| 22Q3 (14) | 0.71 | -35.45 | 373.33 | 19.69 | 4.46 | -12.99 | 10.87 | 22.96 | -4.14 | 25.90 | -36.14 | 156.94 | 25.90 | -35.23 | 156.94 | 3.91 | -38.33 | 325.0 | 3.53 | -40.57 | 320.24 | 0.14 | -6.67 | 75.0 | 28.07 | -33.34 | 110.58 | 12.82 | 49.77 | -5.94 | 40.00 | 84.0 | -60.0 | 60.00 | -23.33 | 0 | 6.51 | -27.83 | -45.2 |
| 22Q2 (13) | 1.10 | 161.9 | 650.0 | 18.85 | -8.85 | -1.67 | 8.84 | -12.82 | 337.0 | 40.56 | 103.82 | 218.8 | 39.99 | 100.95 | 216.83 | 6.34 | 147.66 | 603.17 | 5.94 | 149.58 | 603.39 | 0.15 | 25.0 | 400.0 | 42.11 | 85.26 | 268.44 | 8.56 | 76.86 | 33.96 | 21.74 | -51.09 | 0 | 78.26 | 76.09 | -21.74 | 9.02 | -8.8 | -68.35 |
| 22Q1 (12) | 0.42 | 31.25 | 600.0 | 20.68 | -3.54 | 0.34 | 10.14 | 7.3 | 191.38 | 19.90 | 14.57 | 240.75 | 19.90 | 14.57 | 240.75 | 2.56 | 28.0 | 631.43 | 2.38 | 33.71 | 621.21 | 0.12 | 20.0 | 100.0 | 22.73 | 7.98 | 127.3 | 4.84 | -54.3 | -32.02 | 44.44 | -22.22 | -55.56 | 44.44 | 3.7 | 0 | 9.89 | -4.44 | -45.21 |
| 21Q4 (11) | 0.32 | 113.33 | 740.0 | 21.44 | -5.26 | -4.5 | 9.45 | -16.67 | 21.94 | 17.37 | 72.32 | 331.6 | 17.37 | 72.32 | 331.6 | 2.00 | 117.39 | 725.0 | 1.78 | 111.9 | 693.33 | 0.10 | 25.0 | 150.0 | 21.05 | 57.91 | 0 | 10.59 | -22.3 | 35.42 | 57.14 | -42.86 | 157.14 | 42.86 | 0 | -78.57 | 10.35 | -12.88 | -46.65 |
| 21Q3 (10) | 0.15 | 175.0 | 287.5 | 22.63 | 18.05 | -2.71 | 11.34 | 404.02 | 1045.45 | 10.08 | 129.53 | 201.0 | 10.08 | 129.45 | 201.0 | 0.92 | 173.02 | 291.67 | 0.84 | 171.19 | 286.67 | 0.08 | 166.67 | 100.0 | 13.33 | 153.32 | 313.28 | 13.63 | 113.3 | 114.98 | 100.00 | 0 | 0 | 0.00 | -100.0 | -100.0 | 11.88 | -58.32 | -43.1 |
| 21Q2 (9) | -0.20 | -433.33 | 25.93 | 19.17 | -6.99 | -0.88 | -3.73 | -207.18 | 55.81 | -34.14 | -684.59 | -88.31 | -34.23 | -686.13 | 18.21 | -1.26 | -460.0 | 24.1 | -1.18 | -457.58 | 23.87 | 0.03 | -50.0 | -25.0 | -25.00 | -350.0 | -225.1 | 6.39 | -10.25 | -20.62 | -0.00 | -100.0 | -100.0 | 100.00 | 0 | 100.0 | 28.50 | 57.89 | 0 |
| 21Q1 (8) | 0.06 | 220.0 | -50.0 | 20.61 | -8.2 | 44.33 | 3.48 | -55.1 | 12.99 | 5.84 | 177.87 | -69.23 | 5.84 | 177.87 | -69.23 | 0.35 | 209.37 | -51.39 | 0.33 | 210.0 | -51.47 | 0.06 | 50.0 | 50.0 | 10.00 | 0 | -56.67 | 7.12 | -8.95 | 23.61 | 100.00 | 200.0 | 0 | 0.00 | -100.0 | -100.0 | 18.05 | -6.96 | 0 |
| 20Q4 (7) | -0.05 | 37.5 | -101.66 | 22.45 | -3.48 | -9.55 | 7.75 | 682.83 | 131.12 | -7.50 | 24.85 | -102.11 | -7.50 | 24.85 | -102.11 | -0.32 | 33.33 | -101.56 | -0.30 | 33.33 | -101.56 | 0.04 | 0.0 | -20.0 | 0.00 | 100.0 | -100.0 | 7.82 | 23.34 | 11.55 | -100.00 | 0 | -1450.0 | 200.00 | 100.0 | 85.07 | 19.40 | -7.09 | -33.17 |
| 20Q3 (6) | -0.08 | 70.37 | -157.14 | 23.26 | 20.27 | -24.72 | 0.99 | 111.73 | -90.33 | -9.98 | 44.95 | -158.5 | -9.98 | 76.15 | -158.5 | -0.48 | 71.08 | -144.86 | -0.45 | 70.97 | -145.45 | 0.04 | 0.0 | -33.33 | -6.25 | 18.73 | -135.41 | 6.34 | -21.24 | 7.46 | -0.00 | -100.0 | -100.0 | 100.00 | 100.0 | 200.0 | 20.88 | 0 | -0.24 |
| 20Q2 (5) | -0.27 | -325.0 | -550.0 | 19.34 | 35.43 | -20.93 | -8.44 | -374.03 | -97.66 | -18.13 | -195.52 | -268.97 | -41.85 | -320.5 | -608.51 | -1.66 | -330.56 | -486.05 | -1.55 | -327.94 | -487.5 | 0.04 | 0.0 | -20.0 | -7.69 | -133.32 | -153.81 | 8.05 | 39.76 | -18.6 | 50.00 | 0 | 200.0 | 50.00 | -50.0 | -50.0 | 0.00 | 0 | -100.0 |
| 20Q1 (4) | 0.12 | -96.01 | 0.0 | 14.28 | -42.47 | 0.0 | 3.08 | 112.37 | 0.0 | 18.98 | -94.65 | 0.0 | 18.98 | -94.65 | 0.0 | 0.72 | -96.48 | 0.0 | 0.68 | -96.46 | 0.0 | 0.04 | -20.0 | 0.0 | 23.08 | -93.41 | 0.0 | 5.76 | -17.83 | 0.0 | 0.00 | 100.0 | 0.0 | 100.00 | -7.46 | 0.0 | 0.00 | -100.0 | 0.0 |
| 19Q4 (3) | 3.01 | 2050.0 | 0.0 | 24.82 | -19.68 | 0.0 | -24.90 | -343.16 | 0.0 | 354.90 | 1980.3 | 0.0 | 354.90 | 1980.3 | 0.0 | 20.45 | 1811.21 | 0.0 | 19.20 | 1839.39 | 0.0 | 0.05 | -16.67 | 0.0 | 350.00 | 1883.0 | 0.0 | 7.01 | 18.81 | 0.0 | -6.45 | -109.68 | 0.0 | 108.06 | 224.19 | 0.0 | 29.03 | 38.7 | 0.0 |
| 19Q3 (2) | 0.14 | 133.33 | 0.0 | 30.90 | 26.33 | 0.0 | 10.24 | 339.81 | 0.0 | 17.06 | 58.99 | 0.0 | 17.06 | 107.29 | 0.0 | 1.07 | 148.84 | 0.0 | 0.99 | 147.5 | 0.0 | 0.06 | 20.0 | 0.0 | 17.65 | 23.51 | 0.0 | 5.90 | -40.34 | 0.0 | 66.67 | 233.33 | 0.0 | 33.33 | -66.67 | 0.0 | 20.93 | -29.19 | 0.0 |
| 19Q2 (1) | 0.06 | 0.0 | 0.0 | 24.46 | 0.0 | 0.0 | -4.27 | 0.0 | 0.0 | 10.73 | 0.0 | 0.0 | 8.23 | 0.0 | 0.0 | 0.43 | 0.0 | 0.0 | 0.40 | 0.0 | 0.0 | 0.05 | 0.0 | 0.0 | 14.29 | 0.0 | 0.0 | 9.89 | 0.0 | 0.0 | -50.00 | 0.0 | 0.0 | 100.00 | 0.0 | 0.0 | 29.56 | 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) | 1.41 | -26.56 | 18.31 | -12.48 | 6.16 | -41.5 | 0.77 | -59.85 | 11.58 | -39.66 | 11.27 | -40.81 | 7.65 | -31.08 | 6.84 | -31.26 | 0.61 | 17.31 | 12.36 | -41.56 | 11.75 | -5.24 | 53.33 | -3.03 | 46.67 | 3.7 | 0.00 | 0 | 9.56 | 11.29 |
| 2022 (9) | 1.92 | 500.0 | 20.92 | -2.06 | 10.53 | 45.64 | 1.92 | -51.92 | 19.19 | 187.28 | 19.04 | 185.46 | 11.10 | 452.24 | 9.95 | 440.76 | 0.52 | 85.71 | 21.15 | 92.27 | 12.40 | 17.09 | 55.00 | -45.0 | 45.00 | 0 | 0.00 | 0 | 8.59 | -40.88 |
| 2021 (8) | 0.32 | 0 | 21.36 | 6.32 | 7.23 | 685.87 | 4.00 | -44.0 | 6.68 | 0 | 6.67 | 0 | 2.01 | 0 | 1.84 | 0 | 0.28 | 75.0 | 11.00 | 208.12 | 10.59 | 35.42 | 100.00 | 0 | -14.29 | 0 | 0.00 | 0 | 14.53 | -38.06 |
| 2020 (7) | -0.28 | 0 | 20.09 | -25.79 | 0.92 | 0 | 7.14 | 378.57 | -4.70 | 0 | -10.32 | 0 | -1.74 | 0 | -1.61 | 0 | 0.16 | -20.0 | 3.57 | -96.63 | 7.82 | 11.55 | -33.33 | 0 | 100.00 | -2.78 | 0.00 | 0 | 23.46 | -7.13 |
| 2019 (6) | 3.36 | 261.29 | 27.07 | -2.17 | -2.74 | 0 | 1.49 | 26.87 | 105.17 | 392.37 | 104.63 | 364.2 | 22.75 | 216.41 | 21.22 | 218.62 | 0.20 | -33.33 | 105.97 | 374.14 | 7.01 | -7.03 | -2.86 | 0 | 102.86 | 85.14 | 0.00 | 0 | 25.26 | 30.88 |
| 2018 (5) | 0.93 | 0 | 27.67 | -2.4 | 9.40 | -6.75 | 1.18 | 0 | 21.36 | 0 | 22.54 | 0 | 7.19 | 0 | 6.66 | 0 | 0.30 | 3.45 | 22.35 | 0 | 7.54 | -9.92 | 44.44 | 0 | 55.56 | -61.11 | 0.00 | 0 | 19.30 | 3.76 |
| 2017 (4) | -1.08 | 0 | 28.35 | -7.53 | 10.08 | -21.37 | 0.00 | 0 | -25.05 | 0 | -26.22 | 0 | -8.37 | 0 | -7.71 | 0 | 0.29 | -17.14 | -24.42 | 0 | 8.37 | -5.64 | -42.86 | 0 | 142.86 | 0 | 0.00 | 0 | 18.60 | -10.79 |
| 2016 (3) | 0.55 | -48.11 | 30.66 | -0.45 | 12.82 | -4.11 | 0.00 | 0 | 12.55 | -33.53 | 10.71 | -39.32 | 4.17 | -50.94 | 3.70 | -48.82 | 0.35 | -14.63 | 13.08 | -32.4 | 8.87 | -47.2 | 107.69 | 45.7 | 0.00 | 0 | 0.00 | 0 | 20.85 | 8.31 |
| 2015 (2) | 1.06 | 30.86 | 30.80 | 4.23 | 13.37 | 79.7 | 0.00 | 0 | 18.88 | 50.8 | 17.65 | 52.68 | 8.50 | 20.4 | 7.23 | 22.75 | 0.41 | -19.61 | 19.35 | 47.71 | 16.80 | -8.0 | 73.91 | 20.95 | 30.43 | -21.74 | 0.00 | 0 | 19.25 | 29.46 |
| 2014 (1) | 0.81 | 14.08 | 29.55 | 0 | 7.44 | 0 | 0.69 | 0 | 12.52 | 0 | 11.56 | 0 | 7.06 | 0 | 5.89 | 0 | 0.51 | -7.27 | 13.10 | 32.73 | 18.26 | -14.95 | 61.11 | 1.85 | 38.89 | -2.78 | 0.00 | 0 | 14.87 | -2.24 |
