- 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) | 0.89 | -10.1 | -38.19 | 35.08 | 1.36 | 7.91 | 14.41 | 28.43 | -0.14 | 12.85 | -9.19 | -34.37 | 10.39 | -9.34 | -34.53 | 4.04 | -9.62 | -41.19 | 1.62 | -27.68 | -61.15 | 0.14 | -26.32 | -46.15 | 17.26 | 7.74 | -20.02 | 201.90 | 42.99 | 211.77 | 112.00 | 45.6 | 53.48 | -12.00 | -162.4 | -144.4 | 13.02 | -20.02 | 7.16 |
| 24Q2 (19) | 0.99 | 191.18 | -4.81 | 34.61 | 9.08 | 12.12 | 11.22 | 482.94 | -2.26 | 14.15 | 66.86 | -17.73 | 11.46 | 67.54 | -17.79 | 4.47 | 182.91 | -15.34 | 2.24 | 109.35 | -30.0 | 0.19 | 26.67 | -17.39 | 16.02 | 40.16 | -17.21 | 141.20 | 135.45 | 103.84 | 76.92 | 330.77 | 15.38 | 19.23 | -85.58 | -42.31 | 16.28 | -30.87 | 13.85 |
| 24Q1 (18) | 0.34 | -27.66 | -8.11 | 31.73 | -0.78 | 2.99 | -2.93 | -122.98 | -135.64 | 8.48 | 16.64 | 10.13 | 6.84 | 17.93 | 9.62 | 1.58 | -26.17 | -8.14 | 1.07 | -24.65 | -6.14 | 0.15 | -37.5 | -11.76 | 11.43 | 21.47 | 8.55 | 59.97 | 24.68 | -9.6 | -33.33 | -118.18 | -133.33 | 133.33 | 277.78 | 1300.0 | 23.55 | 71.4 | 45.73 |
| 23Q4 (17) | 0.47 | -67.36 | -53.92 | 31.98 | -1.63 | -14.17 | 12.75 | -11.64 | -35.08 | 7.27 | -62.87 | -51.98 | 5.80 | -63.45 | -49.57 | 2.14 | -68.85 | -53.88 | 1.42 | -65.95 | -51.03 | 0.24 | -7.69 | -4.0 | 9.41 | -56.39 | -43.55 | 48.10 | -25.73 | -16.01 | 183.33 | 151.23 | 38.89 | -75.00 | -377.5 | -134.38 | 13.74 | 13.09 | 0.73 |
| 23Q3 (16) | 1.44 | 38.46 | 1.41 | 32.51 | 5.31 | 7.65 | 14.43 | 25.7 | 17.7 | 19.58 | 13.84 | -2.2 | 15.87 | 13.85 | -4.68 | 6.87 | 30.11 | 0.73 | 4.17 | 30.31 | 3.99 | 0.26 | 13.04 | 8.33 | 21.58 | 11.52 | -0.74 | 64.76 | -6.51 | -6.04 | 72.97 | 9.46 | 16.76 | 27.03 | -18.92 | -33.47 | 12.15 | -15.03 | 4.38 |
| 23Q2 (15) | 1.04 | 181.08 | 22.35 | 30.87 | 0.19 | -0.06 | 11.48 | 39.66 | 9.13 | 17.20 | 123.38 | 5.13 | 13.94 | 123.4 | 2.2 | 5.28 | 206.98 | 22.22 | 3.20 | 180.7 | 28.51 | 0.23 | 35.29 | 27.78 | 19.35 | 83.76 | 3.81 | 69.27 | 4.42 | -8.63 | 66.67 | -33.33 | 5.56 | 33.33 | 400.0 | -9.52 | 14.30 | -11.51 | -2.65 |
| 23Q1 (14) | 0.37 | -63.73 | -22.92 | 30.81 | -17.31 | 6.9 | 8.22 | -58.15 | 147.59 | 7.70 | -49.14 | -36.31 | 6.24 | -45.74 | -37.91 | 1.72 | -62.93 | -27.73 | 1.14 | -60.69 | -22.45 | 0.17 | -32.0 | 21.43 | 10.53 | -36.83 | -29.52 | 66.34 | 15.84 | -13.52 | 100.00 | -24.24 | 266.67 | -11.11 | 65.28 | -115.28 | 16.16 | 18.48 | -10.42 |
| 22Q4 (13) | 1.02 | -28.17 | 47.83 | 37.26 | 23.38 | 17.1 | 19.64 | 60.2 | 48.11 | 15.14 | -24.38 | 23.9 | 11.50 | -30.93 | 12.52 | 4.64 | -31.96 | 36.07 | 2.90 | -27.68 | 28.32 | 0.25 | 4.17 | 13.64 | 16.67 | -23.32 | 14.81 | 57.27 | -16.9 | 0.61 | 132.00 | 111.2 | 23.75 | -32.00 | -178.77 | -380.0 | 13.64 | 17.18 | 13.38 |
| 22Q3 (12) | 1.42 | 67.06 | 222.73 | 30.20 | -2.23 | 2.58 | 12.26 | 16.54 | 48.61 | 20.02 | 22.37 | 132.79 | 16.65 | 22.07 | 125.3 | 6.82 | 57.87 | 199.12 | 4.01 | 61.04 | 165.56 | 0.24 | 33.33 | 20.0 | 21.74 | 16.63 | 101.11 | 68.92 | -9.09 | 41.75 | 62.50 | -1.04 | -30.56 | 40.62 | 10.27 | 0 | 11.64 | -20.76 | -13.65 |
| 22Q2 (11) | 0.85 | 77.08 | 142.86 | 30.89 | 7.18 | -10.7 | 10.52 | 216.87 | -24.1 | 16.36 | 35.32 | 119.01 | 13.64 | 35.72 | 82.11 | 4.32 | 81.51 | 136.07 | 2.49 | 69.39 | 112.82 | 0.18 | 28.57 | 20.0 | 18.64 | 24.77 | 78.03 | 75.81 | -1.17 | 27.09 | 63.16 | 131.58 | -68.42 | 36.84 | -49.34 | 144.21 | 14.69 | -18.57 | 2.44 |
| 22Q1 (10) | 0.48 | -30.43 | 54.84 | 28.82 | -9.43 | -2.04 | 3.32 | -74.96 | -18.63 | 12.09 | -1.06 | 22.12 | 10.05 | -1.66 | 25.94 | 2.38 | -30.21 | 50.63 | 1.47 | -34.96 | 36.11 | 0.14 | -36.36 | 7.69 | 14.94 | 2.89 | 19.52 | 76.71 | 34.77 | 26.19 | 27.27 | -74.43 | -36.36 | 72.73 | 1190.91 | 27.27 | 18.04 | 49.96 | 5.81 |
| 21Q4 (9) | 0.69 | 56.82 | 527.27 | 31.82 | 8.08 | 0.32 | 13.26 | 60.73 | 5.74 | 12.22 | 42.09 | 386.85 | 10.22 | 38.29 | 416.16 | 3.41 | 49.56 | 531.48 | 2.26 | 49.67 | 451.22 | 0.22 | 10.0 | 15.79 | 14.52 | 34.32 | 274.23 | 56.92 | 17.07 | 37.16 | 106.67 | 18.52 | -75.38 | -6.67 | 0 | 98.0 | 12.03 | -10.76 | 0.08 |
| 21Q3 (8) | 0.44 | 25.71 | -21.43 | 29.44 | -14.89 | -19.05 | 8.25 | -40.48 | -56.02 | 8.60 | 15.13 | -33.23 | 7.39 | -1.34 | -28.39 | 2.28 | 24.59 | -17.09 | 1.51 | 29.06 | -19.68 | 0.20 | 33.33 | 11.11 | 10.81 | 3.25 | -28.65 | 48.62 | -18.49 | 28.05 | 90.00 | -55.0 | -38.42 | 0.00 | 100.0 | 100.0 | 13.48 | -6.0 | 18.04 |
| 21Q2 (7) | 0.35 | 12.9 | -55.7 | 34.59 | 17.57 | 0.23 | 13.86 | 239.71 | -34.28 | 7.47 | -24.55 | -49.46 | 7.49 | -6.14 | -43.39 | 1.83 | 15.82 | -54.36 | 1.17 | 8.33 | -55.0 | 0.15 | 15.38 | -21.05 | 10.47 | -16.24 | -36.0 | 59.65 | -1.88 | 0.68 | 200.00 | 366.67 | 39.13 | -83.33 | -245.83 | -90.48 | 14.34 | -15.89 | 0 |
| 21Q1 (6) | 0.31 | 181.82 | -58.67 | 29.42 | -7.25 | -12.54 | 4.08 | -67.46 | -72.47 | 9.90 | 294.42 | -47.14 | 7.98 | 303.03 | -46.23 | 1.58 | 192.59 | -54.73 | 1.08 | 163.41 | -56.63 | 0.13 | -31.58 | -23.53 | 12.50 | 222.16 | -38.88 | 60.79 | 46.48 | 13.99 | 42.86 | -90.11 | -43.96 | 57.14 | 117.14 | 223.81 | 17.05 | 41.85 | 44.13 |
| 20Q4 (5) | 0.11 | -80.36 | -64.52 | 31.72 | -12.79 | -12.98 | 12.54 | -33.16 | -21.53 | 2.51 | -80.51 | -61.97 | 1.98 | -80.81 | -68.01 | 0.54 | -80.36 | -59.09 | 0.41 | -78.19 | -59.8 | 0.19 | 5.56 | 18.75 | 3.88 | -74.39 | -53.97 | 41.50 | 9.3 | 33.91 | 433.33 | 196.49 | 66.67 | -333.33 | -622.22 | -108.33 | 12.02 | 5.25 | -5.13 |
| 20Q3 (4) | 0.56 | -29.11 | 0.0 | 36.37 | 5.39 | 0.0 | 18.76 | -11.05 | 0.0 | 12.88 | -12.86 | 0.0 | 10.32 | -22.0 | 0.0 | 2.75 | -31.42 | 0.0 | 1.88 | -27.69 | 0.0 | 0.18 | -5.26 | 0.0 | 15.15 | -7.4 | 0.0 | 37.97 | -35.92 | 0.0 | 146.15 | 1.67 | 0.0 | -46.15 | -5.49 | 0.0 | 11.42 | 0 | 0.0 |
| 20Q2 (3) | 0.79 | 5.33 | 0.0 | 34.51 | 2.59 | 0.0 | 21.09 | 42.31 | 0.0 | 14.78 | -21.09 | 0.0 | 13.23 | -10.85 | 0.0 | 4.01 | 14.9 | 0.0 | 2.60 | 4.42 | 0.0 | 0.19 | 11.76 | 0.0 | 16.36 | -20.0 | 0.0 | 59.25 | 11.1 | 0.0 | 143.75 | 87.98 | 0.0 | -43.75 | -347.92 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | 0.75 | 141.94 | 0.0 | 33.64 | -7.71 | 0.0 | 14.82 | -7.26 | 0.0 | 18.73 | 183.79 | 0.0 | 14.84 | 139.74 | 0.0 | 3.49 | 164.39 | 0.0 | 2.49 | 144.12 | 0.0 | 0.17 | 6.25 | 0.0 | 20.45 | 142.59 | 0.0 | 53.33 | 72.09 | 0.0 | 76.47 | -70.59 | 0.0 | 17.65 | 111.03 | 0.0 | 11.83 | -6.63 | 0.0 |
| 19Q4 (1) | 0.31 | 0.0 | 0.0 | 36.45 | 0.0 | 0.0 | 15.98 | 0.0 | 0.0 | 6.60 | 0.0 | 0.0 | 6.19 | 0.0 | 0.0 | 1.32 | 0.0 | 0.0 | 1.02 | 0.0 | 0.0 | 0.16 | 0.0 | 0.0 | 8.43 | 0.0 | 0.0 | 30.99 | 0.0 | 0.0 | 260.00 | 0.0 | 0.0 | -160.00 | 0.0 | 0.0 | 12.67 | 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) | 3.29 | -12.27 | 31.65 | -2.16 | 12.12 | -4.87 | 1.11 | -0.77 | 13.51 | -17.52 | 10.92 | -17.83 | 15.38 | -13.01 | 10.31 | -9.96 | 0.92 | 8.24 | 15.74 | -14.08 | 48.10 | -16.01 | 89.41 | 15.71 | 10.59 | -53.41 | 1.16 | 289.57 | 13.84 | -1.07 |
| 2022 (9) | 3.75 | 109.5 | 32.35 | 3.32 | 12.74 | 23.81 | 1.12 | -37.2 | 16.38 | 68.35 | 13.29 | 58.03 | 17.68 | 102.29 | 11.45 | 91.79 | 0.85 | 21.43 | 18.32 | 49.67 | 57.27 | 0.61 | 77.27 | -26.59 | 22.73 | 0 | 0.30 | -56.03 | 13.99 | 0.87 |
| 2021 (8) | 1.79 | -17.13 | 31.31 | -8.07 | 10.29 | -39.26 | 1.79 | 19.05 | 9.73 | -19.19 | 8.41 | -15.73 | 8.74 | -15.8 | 5.97 | -22.87 | 0.70 | -7.89 | 12.24 | -10.98 | 56.92 | 37.16 | 105.26 | -25.7 | -5.26 | 0 | 0.68 | -9.48 | 13.87 | 20.71 |
| 2020 (7) | 2.16 | -31.65 | 34.06 | -2.35 | 16.94 | -5.42 | 1.50 | 39.5 | 12.04 | -27.77 | 9.98 | -27.89 | 10.38 | -34.3 | 7.74 | -31.32 | 0.76 | -5.0 | 13.75 | -23.65 | 41.50 | 33.91 | 141.67 | 31.09 | -41.67 | 0 | 0.75 | 0 | 11.49 | 6.29 |
| 2019 (6) | 3.16 | -10.99 | 34.88 | -2.16 | 17.91 | 8.81 | 1.08 | 265.59 | 16.67 | -13.98 | 13.84 | -11.51 | 15.80 | -31.0 | 11.27 | -25.56 | 0.80 | -16.67 | 18.01 | -9.95 | 30.99 | -47.47 | 108.06 | 27.36 | -8.06 | 0 | 0.00 | 0 | 10.81 | -4.42 |
| 2018 (5) | 3.55 | -12.13 | 35.65 | -1.57 | 16.46 | -19.0 | 0.29 | -6.76 | 19.38 | 1.41 | 15.64 | -3.16 | 22.90 | -21.06 | 15.14 | -23.34 | 0.96 | -21.31 | 20.00 | 2.25 | 58.99 | 35.05 | 84.85 | -20.37 | 15.15 | 0 | 0.24 | 0 | 11.31 | 19.3 |
| 2017 (4) | 4.04 | -37.46 | 36.22 | -7.48 | 20.32 | -22.83 | 0.32 | -23.97 | 19.11 | -24.38 | 16.15 | -22.65 | 29.01 | -26.15 | 19.75 | -13.15 | 1.22 | 12.96 | 19.56 | -23.98 | 43.68 | -18.0 | 106.56 | 3.17 | -6.56 | 0 | 0.00 | 0 | 9.48 | 36.6 |
| 2016 (3) | 6.46 | -82.46 | 39.15 | -9.16 | 26.33 | -22.85 | 0.41 | 0 | 25.27 | -30.29 | 20.88 | -30.56 | 39.28 | -63.75 | 22.74 | -53.52 | 1.08 | -33.33 | 25.73 | -29.95 | 53.27 | -48.15 | 103.28 | 9.43 | -4.92 | 0 | 0.00 | 0 | 6.94 | 40.77 |
| 2015 (2) | 36.82 | 0 | 43.10 | 0 | 34.13 | 0 | 0.00 | 0 | 36.25 | 0 | 30.07 | 0 | 108.37 | 0 | 48.92 | 0 | 1.62 | 0 | 36.73 | 0 | 102.74 | -47.0 | 94.38 | 0 | 5.62 | 0 | 0.00 | 0 | 4.93 | 0 |
| 2014 (1) | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 193.85 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 |
