- 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) | 0.28 | -65.0 | 211.11 | 43.96 | -27.11 | -15.9 | 9.85 | -70.93 | 155.62 | 16.63 | -59.59 | 35.09 | 17.39 | -49.68 | 102.21 | 1.21 | -66.3 | 181.4 | 1.09 | -65.62 | 194.59 | 0.06 | -33.33 | 50.0 | 24.29 | -48.39 | -0.61 | 10.69 | -16.55 | 14.33 | 58.33 | -30.0 | 143.75 | 41.67 | 150.0 | -82.14 | 0.00 | -100.0 | -100.0 |
| 24Q2 (19) | 0.80 | 15.94 | 766.67 | 60.31 | 0.03 | 4.14 | 33.88 | 46.41 | 374.55 | 41.15 | 27.72 | 489.68 | 34.56 | 42.99 | 409.12 | 3.59 | 18.48 | 803.92 | 3.17 | 17.84 | 837.21 | 0.09 | -18.18 | 125.0 | 47.06 | 28.33 | 0 | 12.81 | -9.02 | -44.18 | 83.33 | 16.07 | -16.67 | 16.67 | -40.91 | 183.33 | 37.61 | 18.08 | -35.02 |
| 24Q1 (18) | 0.69 | 1.47 | 302.94 | 60.29 | -12.25 | 40.34 | 23.14 | -35.18 | 149.88 | 32.22 | 0.25 | 174.12 | 24.17 | -3.97 | 162.15 | 3.03 | -1.94 | 324.44 | 2.69 | -3.93 | 326.05 | 0.11 | 0.0 | 266.67 | 36.67 | -0.46 | 216.67 | 14.08 | 25.16 | 39.82 | 71.79 | -35.21 | -32.69 | 28.21 | 360.9 | 523.08 | 31.85 | 18.67 | -54.88 |
| 23Q4 (17) | 0.68 | 655.56 | 395.65 | 68.71 | 31.45 | 39.85 | 35.70 | 301.58 | 721.95 | 32.14 | 161.09 | 404.64 | 25.17 | 192.67 | 274.55 | 3.09 | 618.6 | 451.14 | 2.80 | 656.76 | 483.56 | 0.11 | 175.0 | 120.0 | 36.84 | 50.74 | 1262.15 | 11.25 | 20.32 | -25.1 | 110.81 | 183.11 | 93.92 | -10.81 | -104.63 | -125.23 | 26.84 | -48.41 | -20.54 |
| 23Q3 (16) | 0.09 | 175.0 | -86.96 | 52.27 | -9.74 | -18.89 | -17.71 | -43.52 | -187.76 | 12.31 | 216.57 | -66.61 | 8.60 | 176.92 | -67.68 | 0.43 | 184.31 | -84.07 | 0.37 | 186.05 | -81.77 | 0.04 | 0.0 | -50.0 | 24.44 | 0 | -41.46 | 9.35 | -59.26 | -55.2 | -133.33 | -233.33 | -341.27 | 233.33 | 1266.67 | 421.57 | 52.03 | -10.11 | 48.87 |
| 23Q2 (15) | -0.12 | 64.71 | -111.32 | 57.91 | 34.8 | -16.95 | -12.34 | 73.4 | -137.6 | -10.56 | 75.71 | -127.04 | -11.18 | 71.25 | -137.96 | -0.51 | 62.22 | -110.14 | -0.43 | 63.87 | -112.84 | 0.04 | 33.33 | -63.64 | 0.00 | 100.0 | -100.0 | 22.95 | 127.9 | -54.08 | 100.00 | -6.25 | 19.15 | -20.00 | -200.0 | -224.44 | 57.88 | -18.01 | 116.37 |
| 23Q1 (14) | -0.34 | -47.83 | -125.76 | 42.96 | -12.56 | -39.18 | -46.39 | -708.19 | -216.12 | -43.47 | -312.04 | -191.69 | -38.89 | -169.69 | -203.9 | -1.35 | -53.41 | -118.75 | -1.19 | -63.01 | -125.32 | 0.03 | -40.0 | -75.0 | -31.43 | -891.48 | -161.86 | 10.07 | -32.96 | -81.37 | 106.67 | 86.67 | 25.87 | -6.67 | -115.56 | -143.7 | 70.59 | 108.97 | 119.98 |
| 22Q4 (13) | -0.23 | -133.33 | -125.27 | 49.13 | -23.76 | -27.45 | -5.74 | -128.44 | -114.74 | -10.55 | -128.61 | -126.47 | -14.42 | -154.19 | -145.6 | -0.88 | -132.59 | -116.7 | -0.73 | -135.96 | -121.1 | 0.05 | -37.5 | -54.55 | -3.17 | -107.59 | -107.12 | 15.02 | -28.03 | -72.54 | 57.14 | 3.4 | -41.39 | 42.86 | -4.2 | 1614.29 | 33.78 | -3.35 | 4.07 |
| 22Q3 (12) | 0.69 | -34.91 | -33.65 | 64.44 | -7.59 | -16.64 | 20.18 | -38.51 | -52.57 | 36.87 | -5.58 | -14.99 | 26.61 | -9.64 | -20.76 | 2.70 | -46.32 | -54.55 | 2.03 | -39.4 | -47.95 | 0.08 | -27.27 | -33.33 | 41.75 | -0.5 | -10.77 | 20.87 | -58.24 | -61.06 | 55.26 | -34.15 | -43.54 | 44.74 | 178.36 | 2002.63 | 34.95 | 30.65 | 8.57 |
| 22Q2 (11) | 1.06 | -19.7 | -22.06 | 69.73 | -1.29 | -5.97 | 32.82 | -17.85 | -32.05 | 39.05 | -17.63 | -14.31 | 29.45 | -21.32 | -18.47 | 5.03 | -30.14 | -35.18 | 3.35 | -28.72 | -33.53 | 0.11 | -8.33 | -21.43 | 41.96 | -17.42 | -11.42 | 49.98 | -7.51 | -6.28 | 83.93 | -0.96 | -20.01 | 16.07 | 5.36 | 345.09 | 26.75 | -16.64 | -4.22 |
| 22Q1 (10) | 1.32 | 45.05 | 21.1 | 70.64 | 4.31 | 6.74 | 39.95 | 2.62 | 2.59 | 47.41 | 18.94 | 10.28 | 37.43 | 18.37 | 7.71 | 7.20 | 36.62 | 8.27 | 4.70 | 35.84 | 7.31 | 0.12 | 9.09 | -7.69 | 50.81 | 14.05 | 11.79 | 54.04 | -1.21 | -1.62 | 84.75 | -13.08 | -7.37 | 15.25 | 510.17 | 79.24 | 32.09 | -1.14 | 12.12 |
| 21Q4 (9) | 0.91 | -12.5 | 68.52 | 67.72 | -12.39 | 0.49 | 38.93 | -8.51 | 18.36 | 39.86 | -8.09 | 17.34 | 31.62 | -5.84 | 17.85 | 5.27 | -11.28 | 51.44 | 3.46 | -11.28 | 47.23 | 0.11 | -8.33 | 22.22 | 44.55 | -4.79 | 17.14 | 54.70 | 2.05 | 12.02 | 97.50 | -0.38 | 1.74 | 2.50 | 17.5 | -40.0 | 32.46 | 0.84 | -12.55 |
| 21Q3 (8) | 1.04 | -23.53 | -19.38 | 77.30 | 4.23 | 0.91 | 42.55 | -11.9 | -14.71 | 43.37 | -4.83 | -10.8 | 33.58 | -7.03 | -11.82 | 5.94 | -23.45 | -34.58 | 3.90 | -22.62 | -41.62 | 0.12 | -14.29 | -33.33 | 46.79 | -1.22 | -8.72 | 53.60 | 0.51 | 13.06 | 97.87 | -6.72 | -3.79 | 2.13 | 132.45 | 161.7 | 32.19 | 15.25 | 4.85 |
| 21Q2 (7) | 1.36 | 24.77 | -20.0 | 74.16 | 12.06 | -6.46 | 48.30 | 24.04 | 4.91 | 45.57 | 6.0 | -1.43 | 36.12 | 3.94 | -0.17 | 7.76 | 16.69 | -31.81 | 5.04 | 15.07 | -43.69 | 0.14 | 7.69 | -44.0 | 47.37 | 4.22 | -3.97 | 53.33 | -2.91 | 67.49 | 104.92 | 14.68 | 4.92 | -6.56 | -177.05 | 0 | 27.93 | -2.41 | -17.59 |
| 21Q1 (6) | 1.09 | 101.85 | 0 | 66.18 | -1.8 | 0 | 38.94 | 18.39 | 0 | 42.99 | 26.55 | 0 | 34.75 | 29.52 | 0 | 6.65 | 91.09 | 0 | 4.38 | 86.38 | 0 | 0.13 | 44.44 | 0 | 45.45 | 19.51 | 0 | 54.93 | 12.49 | 0 | 91.49 | -4.53 | 0 | 8.51 | 104.26 | 0 | 28.62 | -22.9 | 0 |
| 20Q4 (5) | 0.54 | -58.14 | 0 | 67.39 | -12.02 | 0 | 32.89 | -34.07 | 0 | 33.97 | -30.13 | 0 | 26.83 | -29.54 | 0 | 3.48 | -61.67 | 0 | 2.35 | -64.82 | 0 | 0.09 | -50.0 | 0 | 38.03 | -25.81 | 0 | 48.83 | 3.0 | 0 | 95.83 | -5.79 | 0 | 4.17 | 220.83 | 0 | 37.12 | 20.91 | 0 |
| 20Q3 (4) | 1.29 | -24.12 | 0.0 | 76.60 | -3.38 | 0.0 | 49.89 | 8.36 | 0.0 | 48.62 | 5.17 | 0.0 | 38.08 | 5.25 | 0.0 | 9.08 | -20.21 | 0.0 | 6.68 | -25.36 | 0.0 | 0.18 | -28.0 | 0.0 | 51.26 | 3.91 | 0.0 | 47.41 | 48.9 | 0.0 | 101.72 | 1.72 | 0.0 | -3.45 | 0 | 0.0 | 30.70 | -9.41 | 0.0 |
| 20Q2 (3) | 1.70 | 0 | 0.0 | 79.28 | 0 | 0.0 | 46.04 | 0 | 0.0 | 46.23 | 0 | 0.0 | 36.18 | 0 | 0.0 | 11.38 | 0 | 0.0 | 8.95 | 0 | 0.0 | 0.25 | 0 | 0.0 | 49.33 | 0 | 0.0 | 31.84 | 0 | 0.0 | 100.00 | 0 | 0.0 | 0.00 | 0 | 0.0 | 33.89 | 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) | 0.33 | -88.09 | 59.79 | -9.08 | 4.57 | -82.62 | 7.98 | 116.54 | 9.33 | -72.38 | 5.86 | -76.3 | 1.42 | -89.09 | 1.27 | -87.48 | 0.21 | -47.5 | 17.65 | -53.58 | 11.25 | -25.1 | 50.00 | -35.96 | 50.00 | 128.13 | 0.19 | 124.4 | 43.80 | 40.16 |
| 2022 (9) | 2.77 | -37.05 | 65.76 | -8.08 | 26.29 | -38.21 | 3.69 | 39.48 | 33.78 | -21.7 | 24.73 | -27.63 | 13.02 | -50.44 | 10.14 | -41.59 | 0.40 | -21.57 | 38.02 | -17.01 | 15.02 | -72.54 | 78.08 | -20.7 | 21.92 | 1331.96 | 0.08 | 0 | 31.25 | 3.72 |
| 2021 (8) | 4.40 | 30.56 | 71.54 | -5.71 | 42.55 | -4.7 | 2.64 | -10.13 | 43.14 | -3.08 | 34.17 | -2.09 | 26.27 | 12.8 | 17.36 | 1.94 | 0.51 | 4.08 | 45.81 | -3.86 | 54.70 | 12.02 | 98.47 | -2.18 | 1.53 | 0 | 0.00 | 0 | 30.13 | -9.9 |
| 2020 (7) | 3.37 | 56.74 | 75.87 | -2.92 | 44.65 | 22.97 | 2.94 | -35.88 | 44.51 | 11.0 | 34.90 | 11.36 | 23.29 | 46.11 | 17.03 | 25.68 | 0.49 | 13.95 | 47.65 | 6.01 | 48.83 | 115.68 | 100.66 | 10.86 | 0.00 | 0 | 0.12 | 0 | 33.44 | -13.59 |
| 2019 (6) | 2.15 | 51.41 | 78.15 | 5.25 | 36.31 | 45.18 | 4.59 | 98.39 | 40.10 | 34.56 | 31.34 | 33.36 | 15.94 | 47.59 | 13.55 | 44.76 | 0.43 | 7.5 | 44.95 | 38.86 | 22.64 | 83.62 | 90.80 | 7.7 | 9.20 | -41.38 | 0.00 | 0 | 38.70 | -8.7 |
| 2018 (5) | 1.42 | -51.37 | 74.25 | -5.17 | 25.01 | -30.35 | 2.31 | 154.34 | 29.80 | -5.31 | 23.50 | -7.92 | 10.80 | -43.07 | 9.36 | -41.79 | 0.40 | -36.51 | 32.37 | -1.1 | 12.33 | -34.24 | 84.31 | -26.36 | 15.69 | 0 | 0.00 | 0 | 42.39 | 19.44 |
| 2017 (4) | 2.92 | 317.14 | 78.30 | 5.68 | 35.91 | 120.71 | 0.91 | -77.09 | 31.47 | 116.29 | 25.52 | 143.74 | 18.97 | 0 | 16.08 | 0 | 0.63 | 0 | 32.73 | 79.34 | 18.75 | 11.61 | 114.49 | -1.86 | -14.49 | 0 | 0.00 | 0 | 35.49 | -28.03 |
| 2016 (3) | 0.70 | 0 | 74.09 | 0 | 16.27 | 0 | 3.97 | 0 | 14.55 | 0 | 10.47 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 18.25 | 0 | 16.80 | 0 | 116.67 | 0 | -11.11 | 0 | 0.00 | 0 | 49.31 | 0 |
