- 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) | 0.16 | -55.56 | -42.86 | 35.83 | -4.99 | 2.11 | 13.85 | -26.87 | -28.28 | 22.94 | -43.88 | 6.65 | 10.06 | -64.44 | -26.89 | 0.94 | -71.52 | -48.63 | 0.73 | -69.83 | -46.72 | 0.07 | -22.22 | -30.0 | 33.53 | -33.26 | 16.59 | 24.82 | -30.67 | -12.45 | 60.00 | 29.23 | -33.18 | 40.00 | -25.33 | 292.0 | 17.44 | 14.51 | 6.86 |
| 24Q2 (19) | 0.36 | 71.43 | 33.33 | 37.71 | -5.28 | -3.33 | 18.94 | -9.12 | -15.37 | 40.88 | 85.65 | 72.27 | 28.29 | 105.3 | 102.22 | 3.30 | 132.39 | 83.33 | 2.42 | 124.07 | 93.6 | 0.09 | 12.5 | 0.0 | 50.24 | 60.97 | 60.46 | 35.80 | -4.48 | -9.85 | 46.43 | -50.99 | -50.67 | 53.57 | 917.86 | 810.71 | 15.23 | -15.76 | -11.66 |
| 24Q1 (18) | 0.21 | -4.55 | 23.53 | 39.81 | -20.24 | 0.94 | 20.84 | -22.73 | 17.74 | 22.02 | -21.72 | -6.06 | 13.78 | -19.51 | 35.76 | 1.42 | 0.0 | 24.56 | 1.08 | -3.57 | 35.0 | 0.08 | 33.33 | 0.0 | 31.21 | -22.8 | -5.82 | 37.48 | 34.1 | -23.6 | 94.74 | -0.28 | 25.3 | 5.26 | 5.26 | -78.42 | 18.08 | 6.67 | -13.33 |
| 23Q4 (17) | 0.22 | -21.43 | -42.11 | 49.91 | 42.23 | 30.72 | 26.97 | 39.67 | 30.1 | 28.13 | 30.78 | 7.74 | 17.12 | 24.42 | -4.52 | 1.42 | -22.4 | -43.43 | 1.12 | -18.25 | -35.26 | 0.06 | -40.0 | -40.0 | 40.43 | 40.58 | 16.24 | 27.95 | -1.41 | -36.81 | 95.00 | 5.8 | 19.3 | 5.00 | -51.0 | -75.45 | 16.95 | 3.86 | 14.3 |
| 23Q3 (16) | 0.28 | 3.7 | -33.33 | 35.09 | -10.05 | -22.44 | 19.31 | -13.72 | -25.36 | 21.51 | -9.36 | -23.18 | 13.76 | -1.64 | -20.46 | 1.83 | 1.67 | -34.17 | 1.37 | 9.6 | -23.03 | 0.10 | 11.11 | 0.0 | 28.76 | -8.14 | -17.92 | 28.35 | -28.61 | -44.39 | 89.80 | -4.59 | -2.84 | 10.20 | 73.47 | 34.69 | 16.32 | -5.34 | 39.61 |
| 23Q2 (15) | 0.27 | 58.82 | -35.71 | 39.01 | -1.09 | -18.8 | 22.38 | 26.44 | -10.77 | 23.73 | 1.24 | -5.98 | 13.99 | 37.83 | -14.49 | 1.80 | 57.89 | -34.55 | 1.25 | 56.25 | -24.7 | 0.09 | 12.5 | -10.0 | 31.31 | -5.52 | -0.85 | 39.71 | -19.06 | -41.14 | 94.12 | 24.48 | -5.88 | 5.88 | -75.88 | 0 | 17.24 | -17.35 | 25.47 |
| 23Q1 (14) | 0.17 | -55.26 | -34.62 | 39.44 | 3.3 | 3.68 | 17.70 | -14.62 | 35.63 | 23.44 | -10.23 | 11.94 | 10.15 | -43.39 | -16.67 | 1.14 | -54.58 | -30.49 | 0.80 | -53.76 | -20.79 | 0.08 | -20.0 | 0.0 | 33.14 | -4.72 | 21.7 | 49.06 | 10.92 | -31.32 | 75.61 | -5.05 | 21.52 | 24.39 | 19.73 | -35.44 | 20.86 | 40.66 | -6.79 |
| 22Q4 (13) | 0.38 | -9.52 | -32.14 | 38.18 | -15.61 | -26.05 | 20.73 | -19.87 | -33.43 | 26.11 | -6.75 | -29.55 | 17.93 | 3.64 | -31.46 | 2.51 | -9.71 | -27.25 | 1.73 | -2.81 | -12.18 | 0.10 | 0.0 | 42.86 | 34.78 | -0.74 | -21.37 | 44.23 | -13.24 | -32.6 | 79.63 | -13.84 | -5.67 | 20.37 | 168.89 | 30.71 | 14.83 | 26.86 | -14.97 |
| 22Q3 (12) | 0.42 | 0.0 | 13.51 | 45.24 | -5.83 | 3.29 | 25.87 | 3.15 | -0.84 | 28.00 | 10.94 | -10.71 | 17.30 | 5.75 | 7.65 | 2.78 | 1.09 | 15.35 | 1.78 | 7.23 | 36.92 | 0.10 | 0.0 | 25.0 | 35.04 | 10.96 | -4.7 | 50.98 | -24.44 | -47.72 | 92.42 | -7.58 | 11.55 | 7.58 | 0 | -55.81 | 11.69 | -14.92 | -20.37 |
| 22Q2 (11) | 0.42 | 61.54 | -38.24 | 48.04 | 26.29 | 7.35 | 25.08 | 92.18 | 3.76 | 25.24 | 20.53 | -2.28 | 16.36 | 34.32 | 9.29 | 2.75 | 67.68 | -35.75 | 1.66 | 64.36 | -31.4 | 0.10 | 25.0 | -37.5 | 31.58 | 15.98 | 0.16 | 67.47 | -5.54 | -15.45 | 100.00 | 60.71 | 7.48 | 0.00 | -100.0 | -100.0 | 13.74 | -38.61 | -8.95 |
| 22Q1 (10) | 0.26 | -53.57 | 0 | 38.04 | -26.32 | 0 | 13.05 | -58.09 | 0 | 20.94 | -43.5 | 0 | 12.18 | -53.44 | 0 | 1.64 | -52.46 | 0 | 1.01 | -48.73 | 0 | 0.08 | 14.29 | 0 | 27.23 | -38.44 | 0 | 71.43 | 8.85 | 0 | 62.22 | -26.29 | 0 | 37.78 | 142.41 | 0 | 22.38 | 28.33 | 0 |
| 21Q4 (9) | 0.56 | 51.35 | 51.35 | 51.63 | 17.88 | 26.79 | 31.14 | 19.36 | 60.27 | 37.06 | 18.18 | 295.94 | 26.16 | 62.79 | 10364.0 | 3.45 | 43.15 | 4828.57 | 1.97 | 51.54 | 1415.38 | 0.07 | -12.5 | -50.0 | 44.23 | 20.29 | 166.77 | 65.62 | -32.71 | -24.83 | 84.42 | 1.88 | -58.9 | 15.58 | -9.09 | 114.42 | 17.44 | 18.8 | -36.97 |
| 21Q3 (8) | 0.37 | -45.59 | 0 | 43.80 | -2.12 | 0 | 26.09 | 7.94 | 0 | 31.36 | 21.41 | 0 | 16.07 | 7.35 | 0 | 2.41 | -43.69 | 0 | 1.30 | -46.28 | 0 | 0.08 | -50.0 | 0 | 36.77 | 16.62 | 0 | 97.52 | 22.21 | 0 | 82.86 | -10.95 | 0 | 17.14 | 181.63 | 0 | 14.68 | -2.72 | 0 |
| 21Q2 (7) | 0.68 | 0 | -80.74 | 44.75 | 0 | 33.98 | 24.17 | 0 | 1965.81 | 25.83 | 0 | -86.25 | 14.97 | 0 | -86.25 | 4.28 | 0 | -82.85 | 2.42 | 0 | -81.02 | 0.16 | 0 | 33.33 | 31.53 | 0 | -83.96 | 79.80 | 0 | -10.19 | 93.04 | 0 | 13693.7 | 6.09 | 0 | -93.88 | 15.09 | 0 | -44.38 |
| 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) | 0.95 | -35.37 | 39.97 | -6.35 | 21.23 | -0.98 | 8.47 | 33.82 | 23.82 | -5.25 | 13.61 | -14.83 | 6.46 | -28.78 | 4.82 | -19.13 | 0.35 | -5.41 | 32.67 | 1.49 | 27.95 | -36.81 | 88.89 | 4.55 | 11.11 | -23.57 | 0.05 | -50.39 | 17.75 | 14.52 |
| 2022 (9) | 1.47 | -8.13 | 42.68 | -7.5 | 21.44 | -18.54 | 6.33 | 25.66 | 25.14 | -15.95 | 15.98 | -10.78 | 9.07 | -7.54 | 5.96 | 3.29 | 0.37 | 19.35 | 32.19 | -10.41 | 44.23 | -32.6 | 85.02 | -3.52 | 14.54 | 22.4 | 0.09 | -13.58 | 15.50 | -0.32 |
| 2021 (8) | 1.60 | -58.97 | 46.14 | 23.2 | 26.32 | 133.13 | 5.03 | -25.74 | 29.91 | -66.39 | 17.91 | -63.22 | 9.81 | -60.6 | 5.77 | -55.17 | 0.31 | 19.23 | 35.93 | -62.92 | 65.62 | -24.83 | 88.12 | 593.97 | 11.88 | -86.39 | 0.11 | -24.03 | 15.55 | -43.31 |
| 2020 (7) | 3.90 | 406.49 | 37.45 | 6.39 | 11.29 | -2.08 | 6.78 | 3.39 | 89.00 | 397.21 | 48.70 | 382.18 | 24.90 | 316.39 | 12.87 | 287.65 | 0.26 | -13.33 | 96.89 | 275.25 | 87.29 | -18.31 | 12.70 | -80.2 | 87.30 | 143.33 | 0.14 | 0 | 27.43 | 29.39 |
| 2019 (6) | 0.77 | -46.15 | 35.20 | -5.5 | 11.53 | -44.03 | 6.56 | 54.49 | 17.90 | -15.88 | 10.10 | -12.48 | 5.98 | -46.46 | 3.32 | -48.13 | 0.30 | -43.4 | 25.82 | -1.9 | 106.86 | 27.37 | 64.12 | -33.77 | 35.88 | 1025.67 | 0.00 | 0 | 21.20 | 35.12 |
| 2018 (5) | 1.43 | 45.92 | 37.25 | 21.02 | 20.60 | 49.28 | 4.24 | -6.45 | 21.28 | 44.57 | 11.54 | 39.04 | 11.17 | 44.5 | 6.40 | 35.02 | 0.53 | -1.85 | 26.32 | 31.47 | 83.90 | 4.08 | 96.81 | 3.68 | 3.19 | -47.09 | 0.00 | 0 | 15.69 | 2.68 |
| 2017 (4) | 0.98 | 7.69 | 30.78 | -4.91 | 13.80 | 38.69 | 4.54 | -9.01 | 14.72 | 49.29 | 8.30 | 14.64 | 7.73 | 17.66 | 4.74 | 9.47 | 0.54 | -5.26 | 20.02 | 25.44 | 80.61 | 24.47 | 93.37 | -7.48 | 6.02 | 0 | 0.00 | 0 | 15.28 | -3.11 |
| 2016 (3) | 0.91 | 184.38 | 32.37 | 34.71 | 9.95 | 161.84 | 4.99 | 1.89 | 9.86 | 146.5 | 7.24 | 178.46 | 6.57 | 167.07 | 4.33 | 140.56 | 0.57 | -6.56 | 15.96 | 64.37 | 64.76 | 18.37 | 100.92 | 5.21 | -0.92 | 0 | 0.00 | 0 | 15.77 | 2.47 |
| 2015 (2) | 0.32 | 0 | 24.03 | 0 | 3.80 | 0 | 4.89 | 0 | 4.00 | 0 | 2.60 | 0 | 2.46 | 0 | 1.80 | 0 | 0.61 | 0 | 9.71 | 0 | 54.71 | 0 | 95.92 | 0 | 6.12 | 0 | 0.00 | 0 | 15.39 | 0 |
