- 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) | 0.67 | -26.37 | -62.36 | 20.88 | 8.41 | -9.22 | 9.86 | 32.35 | -15.51 | 7.45 | -31.4 | -63.92 | 6.85 | -30.81 | -64.91 | 2.28 | -30.49 | -64.04 | 1.42 | -24.87 | -61.41 | 0.19 | 5.56 | 5.56 | 10.54 | -23.84 | -52.13 | 58.81 | -34.03 | -12.34 | 133.33 | 95.56 | 138.1 | -33.33 | -204.76 | -177.16 | 6.71 | -6.93 | -20.4 |
| 24Q2 (19) | 0.91 | -7.14 | -24.17 | 19.26 | -5.77 | -13.09 | 7.45 | 3.76 | -29.92 | 10.86 | -30.38 | -32.5 | 9.90 | -20.48 | -29.39 | 3.28 | -5.2 | -27.43 | 1.89 | -12.9 | -26.17 | 0.18 | 5.88 | 0.0 | 13.84 | -22.6 | -20.6 | 89.14 | 19.03 | 5.64 | 68.18 | 49.26 | 3.41 | 31.82 | -41.43 | -6.6 | 7.21 | -13.13 | 15.73 |
| 24Q1 (18) | 0.98 | 81.48 | 46.27 | 20.44 | -18.37 | -20.28 | 7.18 | -49.61 | -42.93 | 15.60 | 94.27 | 24.8 | 12.45 | 94.53 | 27.43 | 3.46 | 86.02 | 49.78 | 2.17 | 77.87 | 55.0 | 0.17 | -5.56 | 21.43 | 17.88 | 82.45 | 26.54 | 74.89 | 35.08 | 0.78 | 45.68 | -74.31 | -54.32 | 54.32 | 169.84 | 0 | 8.30 | 20.82 | -23.22 |
| 23Q4 (17) | 0.54 | -69.66 | 86.21 | 25.04 | 8.87 | 24.52 | 14.25 | 22.11 | 57.98 | 8.03 | -61.11 | 87.62 | 6.40 | -67.21 | 77.78 | 1.86 | -70.66 | 111.36 | 1.22 | -66.85 | 130.19 | 0.18 | 0.0 | 28.57 | 9.80 | -55.5 | 73.14 | 55.44 | -17.36 | -16.14 | 177.78 | 217.46 | -14.98 | -77.78 | -280.04 | 28.7 | 6.87 | -18.51 | 0.29 |
| 23Q3 (16) | 1.78 | 48.33 | -26.45 | 23.00 | 3.79 | -6.96 | 11.67 | 9.78 | -25.72 | 20.65 | 28.34 | -5.49 | 19.52 | 39.23 | 7.02 | 6.34 | 40.27 | -20.45 | 3.68 | 43.75 | -11.11 | 0.18 | 0.0 | -21.74 | 22.02 | 26.33 | -1.74 | 67.09 | -20.49 | -20.95 | 56.00 | -15.07 | -22.09 | 43.20 | 26.81 | 53.6 | 8.43 | 35.31 | 2.93 |
| 23Q2 (15) | 1.20 | 79.1 | -56.04 | 22.16 | -13.57 | -13.3 | 10.63 | -15.5 | -37.17 | 16.09 | 28.72 | -18.45 | 14.02 | 43.5 | -13.78 | 4.52 | 95.67 | -54.53 | 2.56 | 82.86 | -47.65 | 0.18 | 28.57 | -40.0 | 17.43 | 23.35 | -14.14 | 84.38 | 13.55 | -17.31 | 65.93 | -34.07 | -23.02 | 34.07 | 0 | 137.33 | 6.23 | -42.37 | -2.2 |
| 23Q1 (14) | 0.67 | 131.03 | -72.31 | 25.64 | 27.5 | 27.18 | 12.58 | 39.47 | -5.27 | 12.50 | 192.06 | -26.64 | 9.77 | 171.39 | -29.1 | 2.31 | 162.5 | -76.85 | 1.40 | 164.15 | -71.25 | 0.14 | 0.0 | -60.0 | 14.13 | 149.65 | -19.76 | 74.31 | 12.4 | -29.85 | 100.00 | -52.17 | 28.57 | 0.00 | 100.0 | -100.0 | 10.81 | 57.81 | 96.55 |
| 22Q4 (13) | 0.29 | -88.02 | -85.78 | 20.11 | -18.65 | -7.54 | 9.02 | -42.58 | -38.35 | 4.28 | -80.41 | -72.01 | 3.60 | -80.26 | -69.75 | 0.88 | -88.96 | -90.49 | 0.53 | -87.2 | -87.67 | 0.14 | -39.13 | -61.11 | 5.66 | -74.74 | -64.36 | 66.11 | -22.1 | -37.19 | 209.09 | 190.91 | 118.78 | -109.09 | -487.88 | -2562.34 | 6.85 | -16.36 | 28.76 |
| 22Q3 (12) | 2.42 | -11.36 | 20.4 | 24.72 | -3.29 | 7.57 | 15.71 | -7.15 | 0.51 | 21.85 | 10.75 | 32.83 | 18.24 | 12.18 | 44.19 | 7.97 | -19.82 | -12.42 | 4.14 | -15.34 | -4.39 | 0.23 | -23.33 | -32.35 | 22.41 | 10.39 | 31.75 | 84.87 | -16.83 | -33.89 | 71.88 | -16.08 | -24.77 | 28.12 | 95.94 | 451.95 | 8.19 | 28.57 | 44.19 |
| 22Q2 (11) | 2.73 | 12.81 | 67.48 | 25.56 | 26.79 | 12.11 | 16.92 | 27.41 | 11.54 | 19.73 | 15.79 | 35.23 | 16.26 | 18.0 | 35.73 | 9.94 | -0.4 | 36.91 | 4.89 | 0.41 | 27.68 | 0.30 | -14.29 | -6.25 | 20.30 | 15.28 | 33.03 | 102.04 | -3.67 | 7.93 | 85.65 | 10.12 | -17.12 | 14.35 | -35.41 | 444.5 | 6.37 | 15.82 | 10.98 |
| 22Q1 (10) | 2.42 | 18.63 | 122.02 | 20.16 | -7.31 | -7.48 | 13.28 | -9.23 | 5.99 | 17.04 | 11.45 | 22.94 | 13.78 | 15.8 | 21.62 | 9.98 | 7.89 | 93.79 | 4.87 | 13.26 | 63.42 | 0.35 | -2.78 | 34.62 | 17.61 | 10.89 | 19.15 | 105.93 | 0.64 | 24.13 | 77.78 | -18.62 | -13.7 | 22.22 | 401.59 | 125.0 | 5.50 | 3.38 | -27.44 |
| 21Q4 (9) | 2.04 | 1.49 | 55.73 | 21.75 | -5.35 | -7.25 | 14.63 | -6.4 | -3.69 | 15.29 | -7.05 | 9.37 | 11.90 | -5.93 | 6.54 | 9.25 | 1.65 | 41.44 | 4.30 | -0.69 | 12.86 | 0.36 | 5.88 | 5.88 | 15.88 | -6.64 | 8.69 | 105.26 | -18.0 | 69.99 | 95.57 | 0.03 | -11.58 | 4.43 | -13.05 | 154.83 | 5.32 | -6.34 | -5.84 |
| 21Q3 (8) | 2.01 | 23.31 | 34.0 | 22.98 | 0.79 | 1.82 | 15.63 | 3.03 | -2.07 | 16.45 | 12.75 | 12.36 | 12.65 | 5.59 | 7.66 | 9.10 | 25.34 | 12.35 | 4.33 | 13.05 | -2.7 | 0.34 | 6.25 | -10.53 | 17.01 | 11.47 | 11.98 | 128.37 | 35.78 | 56.38 | 95.54 | -7.54 | -12.23 | 5.10 | 222.29 | 157.58 | 5.68 | -1.05 | 7.98 |
| 21Q2 (7) | 1.63 | 49.54 | 25.38 | 22.80 | 4.64 | 11.17 | 15.17 | 21.07 | 11.22 | 14.59 | 5.27 | 14.61 | 11.98 | 5.74 | 11.86 | 7.26 | 40.97 | 1.68 | 3.83 | 28.52 | -8.15 | 0.32 | 23.08 | -17.95 | 15.26 | 3.25 | 13.54 | 94.54 | 10.78 | 14.1 | 103.33 | 14.66 | -2.93 | -4.17 | -142.19 | 44.64 | 5.74 | -24.27 | 3.8 |
| 21Q1 (6) | 1.09 | -16.79 | 0 | 21.79 | -7.08 | 0 | 12.53 | -17.51 | 0 | 13.86 | -0.86 | 0 | 11.33 | 1.43 | 0 | 5.15 | -21.25 | 0 | 2.98 | -21.78 | 0 | 0.26 | -23.53 | 0 | 14.78 | 1.16 | 0 | 85.34 | 37.82 | 0 | 90.12 | -16.61 | 0 | 9.88 | 222.22 | 0 | 7.58 | 34.16 | 0 |
| 20Q4 (5) | 1.31 | -12.67 | 0 | 23.45 | 3.9 | 0 | 15.19 | -4.82 | 0 | 13.98 | -4.51 | 0 | 11.17 | -4.94 | 0 | 6.54 | -19.26 | 0 | 3.81 | -14.38 | 0 | 0.34 | -10.53 | 0 | 14.61 | -3.82 | 0 | 61.92 | -24.57 | 0 | 108.08 | -0.71 | 0 | -8.08 | 8.69 | 0 | 5.65 | 7.41 | 0 |
| 20Q3 (4) | 1.50 | 15.38 | 0.0 | 22.57 | 10.04 | 0.0 | 15.96 | 17.01 | 0.0 | 14.64 | 15.0 | 0.0 | 11.75 | 9.71 | 0.0 | 8.10 | 13.45 | 0.0 | 4.45 | 6.71 | 0.0 | 0.38 | -2.56 | 0.0 | 15.19 | 13.02 | 0.0 | 82.09 | -0.93 | 0.0 | 108.85 | 2.25 | 0.0 | -8.85 | -17.57 | 0.0 | 5.26 | -4.88 | 0.0 |
| 20Q2 (3) | 1.30 | 0 | 0.0 | 20.51 | 0 | 0.0 | 13.64 | 0 | 0.0 | 12.73 | 0 | 0.0 | 10.71 | 0 | 0.0 | 7.14 | 0 | 0.0 | 4.17 | 0 | 0.0 | 0.39 | 0 | 0.0 | 13.44 | 0 | 0.0 | 82.86 | 0 | 0.0 | 106.45 | 0 | 0.0 | -7.53 | 0 | 0.0 | 5.53 | 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) | 4.19 | -46.07 | 23.85 | 4.01 | 12.25 | -14.75 | 0.73 | 133.29 | 14.53 | -15.52 | 12.70 | -10.31 | 13.68 | -51.88 | 8.72 | -44.6 | 0.67 | -39.64 | 16.10 | -9.96 | 55.44 | -16.14 | 84.28 | 0.83 | 15.72 | -4.23 | 1.62 | 8.77 | 7.95 | 19.73 |
| 2022 (9) | 7.77 | 14.6 | 22.93 | 2.55 | 14.37 | -2.11 | 0.31 | -23.98 | 17.20 | 13.16 | 14.16 | 17.61 | 28.43 | -8.35 | 15.74 | -6.64 | 1.11 | -20.71 | 17.88 | 12.52 | 66.11 | -37.19 | 83.58 | -13.4 | 16.42 | 370.65 | 1.48 | -23.27 | 6.64 | 12.35 |
| 2021 (8) | 6.78 | 42.44 | 22.36 | 3.37 | 14.68 | 6.38 | 0.41 | -15.39 | 15.20 | 14.63 | 12.04 | 12.0 | 31.02 | 25.79 | 16.86 | 12.85 | 1.40 | 0.72 | 15.89 | 13.83 | 105.26 | 69.99 | 96.51 | -7.42 | 3.49 | 0 | 1.94 | -31.49 | 5.91 | -2.48 |
| 2020 (7) | 4.76 | 263.36 | 21.63 | 68.46 | 13.80 | 134.3 | 0.49 | 6.63 | 13.26 | 166.8 | 10.75 | 160.92 | 24.66 | 193.57 | 14.94 | 188.42 | 1.39 | 12.1 | 13.96 | 136.61 | 61.92 | -10.73 | 104.25 | -11.91 | -3.97 | 0 | 2.82 | 0 | 6.06 | 21.44 |
| 2019 (6) | 1.31 | 1355.56 | 12.84 | 109.8 | 5.89 | 0 | 0.46 | 4.05 | 4.97 | 1029.55 | 4.12 | 1044.44 | 8.40 | 1135.29 | 5.18 | 936.0 | 1.24 | 4.2 | 5.90 | 315.49 | 69.36 | 16.89 | 118.35 | 0 | -18.35 | 0 | 0.00 | 0 | 4.99 | -25.41 |
| 2018 (5) | 0.09 | -85.0 | 6.12 | -37.61 | -0.90 | 0 | 0.44 | -75.39 | 0.44 | -83.46 | 0.36 | -83.64 | 0.68 | -85.09 | 0.50 | -82.88 | 1.19 | -7.75 | 1.42 | -71.14 | 59.34 | -2.03 | -200.00 | 0 | 300.00 | 0 | 0.00 | 0 | 6.69 | -23.28 |
| 2017 (4) | 0.60 | -48.28 | 9.81 | -17.63 | 2.94 | -44.11 | 1.79 | -9.47 | 2.66 | -49.14 | 2.20 | -40.38 | 4.56 | -56.28 | 2.92 | -53.72 | 1.29 | -8.51 | 4.92 | -35.52 | 60.57 | -1.16 | 109.84 | 9.05 | -9.84 | 0 | 0.00 | 0 | 8.72 | 8.05 |
| 2016 (3) | 1.16 | 4.5 | 11.91 | -10.85 | 5.26 | -28.44 | 1.97 | -28.53 | 5.23 | -38.11 | 3.69 | 8.85 | 10.43 | -52.78 | 6.31 | -47.24 | 1.41 | -1.4 | 7.63 | -34.22 | 61.28 | -16.95 | 100.72 | 16.06 | -0.72 | 0 | 0.00 | 0 | 8.07 | 4.67 |
| 2015 (2) | 1.11 | -46.89 | 13.36 | 26.16 | 7.35 | 61.54 | 2.76 | -20.49 | 8.45 | 60.65 | 3.39 | -48.87 | 22.09 | 0.45 | 11.96 | 10.23 | 1.43 | -11.18 | 11.60 | 25.41 | 73.79 | -27.59 | 86.78 | 0.32 | 13.22 | -2.05 | 0.00 | 0 | 7.71 | -17.19 |
| 2014 (1) | 2.09 | 0 | 10.59 | 0 | 4.55 | 0 | 3.47 | 0 | 5.26 | 0 | 6.63 | 0 | 21.99 | 0 | 10.85 | 0 | 1.61 | 0 | 9.25 | 0 | 101.91 | 0 | 86.51 | 0 | 13.49 | 0 | 0.00 | 0 | 9.31 | 0 |
