- 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) | 0.77 | 20.31 | 37.5 | 17.65 | 76.5 | 67.46 | 12.86 | 131.29 | 84.51 | 6.93 | 79.07 | 19.07 | 5.43 | 132.05 | 22.3 | 1.39 | 80.52 | 24.11 | 0.67 | 13.56 | 9.84 | 0.08 | -33.33 | -38.46 | 15.08 | 55.95 | 88.03 | 238.48 | 24.06 | 125.32 | 185.34 | 28.8 | 54.78 | -85.34 | -94.4 | -332.23 | 3.30 | -2.94 | 16.2 |
| 24Q2 (19) | 0.64 | 39.13 | 82.86 | 10.00 | 8.34 | -8.76 | 5.56 | 117.19 | -9.74 | 3.87 | -19.71 | -31.87 | 2.34 | -35.54 | -41.21 | 0.77 | 14.93 | 8.45 | 0.59 | 63.89 | 43.9 | 0.12 | 50.0 | 20.0 | 9.67 | 15.53 | 14.71 | 192.23 | 29.63 | 113.52 | 143.90 | 168.62 | 32.83 | -43.90 | -192.77 | -426.83 | 3.40 | -32.14 | -10.99 |
| 24Q1 (18) | 0.46 | -74.16 | 76.92 | 9.23 | -5.72 | -19.67 | 2.56 | -66.93 | -53.71 | 4.82 | -41.5 | -8.71 | 3.63 | -48.44 | -11.89 | 0.67 | -79.13 | 24.07 | 0.36 | -75.84 | 9.09 | 0.08 | -60.0 | 14.29 | 8.37 | -13.53 | -6.27 | 148.29 | 7.65 | 84.92 | 53.57 | -43.01 | -49.21 | 47.32 | 689.9 | 963.62 | 5.01 | 90.49 | 15.97 |
| 23Q4 (17) | 1.78 | 217.86 | 223.64 | 9.79 | -7.12 | -23.46 | 7.74 | 11.05 | -6.63 | 8.24 | 41.58 | -5.07 | 7.04 | 58.56 | 1.0 | 3.21 | 186.61 | 202.83 | 1.49 | 144.26 | 112.86 | 0.20 | 53.85 | 100.0 | 9.68 | 20.7 | -12.16 | 137.75 | 30.15 | 90.68 | 94.01 | -21.49 | -1.81 | 5.99 | 130.34 | 40.78 | 2.63 | -7.39 | -29.87 |
| 23Q3 (16) | 0.56 | 60.0 | 250.0 | 10.54 | -3.83 | -35.73 | 6.97 | 13.15 | 50.87 | 5.82 | 2.46 | -36.32 | 4.44 | 11.56 | -39.18 | 1.12 | 57.75 | 187.18 | 0.61 | 48.78 | 125.93 | 0.13 | 30.0 | 225.0 | 8.02 | -4.86 | -45.41 | 105.84 | 17.56 | 133.23 | 119.75 | 10.53 | 139.49 | -19.75 | -136.94 | -139.49 | 2.84 | -25.65 | -70.87 |
| 23Q2 (15) | 0.35 | 34.62 | 59.09 | 10.96 | -4.61 | -10.82 | 6.16 | 11.39 | 27.8 | 5.68 | 7.58 | 33.96 | 3.98 | -3.4 | 29.22 | 0.71 | 31.48 | 51.06 | 0.41 | 24.24 | 41.38 | 0.10 | 42.86 | 11.11 | 8.43 | -5.6 | 24.52 | 90.03 | 12.27 | 79.95 | 108.33 | 2.71 | -3.9 | -8.33 | -52.08 | 34.52 | 3.82 | -11.57 | -11.98 |
| 23Q1 (14) | 0.26 | -52.73 | -10.34 | 11.49 | -10.16 | 6.59 | 5.53 | -33.29 | 54.47 | 5.28 | -39.17 | -29.51 | 4.12 | -40.89 | -29.69 | 0.54 | -49.06 | -29.87 | 0.33 | -52.86 | -32.65 | 0.07 | -30.0 | 0.0 | 8.93 | -18.97 | -26.86 | 80.19 | 11.0 | -35.41 | 105.48 | 10.17 | 121.87 | -5.48 | -228.77 | -110.45 | 4.32 | 15.2 | -24.34 |
| 22Q4 (13) | 0.55 | 243.75 | -54.92 | 12.79 | -22.01 | 22.16 | 8.29 | 79.44 | 10.53 | 8.68 | -5.03 | 20.06 | 6.97 | -4.52 | 21.01 | 1.06 | 171.79 | -62.28 | 0.70 | 159.26 | -57.06 | 0.10 | 150.0 | -62.96 | 11.02 | -24.98 | 30.57 | 72.24 | 59.19 | 11.98 | 95.74 | 91.49 | -7.75 | 4.26 | -91.49 | 212.46 | 3.75 | -61.54 | 38.38 |
| 22Q3 (12) | 0.16 | -27.27 | -52.94 | 16.40 | 33.44 | 10.59 | 4.62 | -4.15 | -39.92 | 9.14 | 115.57 | 15.4 | 7.30 | 137.01 | 21.87 | 0.39 | -17.02 | -63.21 | 0.27 | -6.9 | -60.29 | 0.04 | -55.56 | -60.0 | 14.69 | 116.99 | 28.75 | 45.38 | -9.29 | -54.73 | 50.00 | -55.65 | -48.28 | 50.00 | 492.86 | 1400.0 | 9.75 | 124.65 | 61.69 |
| 22Q2 (11) | 0.22 | -24.14 | 1000.0 | 12.29 | 14.01 | -5.17 | 4.82 | 34.64 | 61.74 | 4.24 | -43.39 | 1086.05 | 3.08 | -47.44 | 732.43 | 0.47 | -38.96 | 840.0 | 0.29 | -40.82 | 16.0 | 0.09 | 28.57 | 50.0 | 6.77 | -44.55 | -16.32 | 50.03 | -59.71 | 37.33 | 112.73 | 137.12 | 118.79 | -12.73 | -124.26 | -101.82 | 4.34 | -23.99 | -46.42 |
| 22Q1 (10) | 0.29 | -76.23 | -88.97 | 10.78 | 2.96 | -83.8 | 3.58 | -52.27 | -93.68 | 7.49 | 3.6 | -86.08 | 5.86 | 1.74 | -86.34 | 0.77 | -72.6 | -95.86 | 0.49 | -69.94 | -87.53 | 0.07 | -74.07 | -22.22 | 12.21 | 44.67 | -79.53 | 124.16 | 92.47 | -64.72 | 47.54 | -54.19 | -54.93 | 52.46 | 1486.42 | 1115.24 | 5.71 | 110.7 | -24.77 |
| 21Q4 (9) | 1.22 | 258.82 | -55.64 | 10.47 | -29.4 | -67.54 | 7.50 | -2.47 | -28.37 | 7.23 | -8.71 | -91.11 | 5.76 | -3.84 | -92.14 | 2.81 | 165.09 | -86.25 | 1.63 | 139.71 | -49.69 | 0.27 | 170.0 | 575.0 | 8.44 | -26.03 | -90.88 | 64.51 | -35.65 | -86.01 | 103.78 | 7.36 | 693.64 | -3.78 | -213.51 | -104.33 | 2.71 | -55.06 | -86.15 |
| 21Q3 (8) | 0.34 | 1600.0 | 36.0 | 14.83 | 14.43 | 20.08 | 7.69 | 158.05 | 174.88 | 7.92 | 1941.86 | -47.06 | 5.99 | 1518.92 | -69.52 | 1.06 | 2020.0 | -63.45 | 0.68 | 172.0 | 9.68 | 0.10 | 66.67 | 400.0 | 11.41 | 41.04 | -67.8 | 100.25 | 175.19 | -86.12 | 96.67 | 116.11 | 241.28 | 3.33 | -99.52 | -98.02 | 6.03 | -25.56 | -71.69 |
| 21Q2 (7) | 0.02 | -99.24 | 300.0 | 12.96 | -80.53 | -70.22 | 2.98 | -94.74 | 388.52 | -0.43 | -100.8 | 89.49 | 0.37 | -99.14 | 121.02 | 0.05 | -99.73 | 145.45 | 0.25 | -93.64 | 400.0 | 0.06 | -33.33 | 200.0 | 8.09 | -86.44 | -80.22 | 36.43 | -89.65 | -86.02 | -600.00 | -668.88 | 0 | 700.00 | 13647.06 | 600.0 | 8.10 | 6.72 | -70.37 |
| 21Q1 (6) | 2.63 | -4.36 | 0 | 66.56 | 106.32 | 0 | 56.65 | 441.07 | 0 | 53.82 | -33.83 | 0 | 42.89 | -41.5 | 0 | 18.59 | -9.05 | 0 | 3.93 | 21.3 | 0 | 0.09 | 125.0 | 0 | 59.64 | -35.52 | 0 | 351.89 | -23.67 | 0 | 105.47 | 706.54 | 0 | -5.17 | -105.92 | 0 | 7.59 | -61.22 | 0 |
| 20Q4 (5) | 2.75 | 1000.0 | 0 | 32.26 | 161.21 | 0 | 10.47 | 201.95 | 0 | 81.33 | 443.65 | 0 | 73.32 | 273.13 | 0 | 20.44 | 604.83 | 0 | 3.24 | 422.58 | 0 | 0.04 | 100.0 | 0 | 92.50 | 161.08 | 0 | 461.02 | -36.18 | 0 | 13.08 | 119.11 | 0 | 87.31 | -48.16 | 0 | 19.57 | -8.12 | 0 |
| 20Q3 (4) | 0.25 | 2600.0 | 0.0 | 12.35 | -71.62 | 0.0 | -10.27 | -1783.61 | 0.0 | 14.96 | 465.77 | 0.0 | 19.65 | 1216.48 | 0.0 | 2.90 | 2736.36 | 0.0 | 0.62 | 1140.0 | 0.0 | 0.02 | 0.0 | 0.0 | 35.43 | -13.4 | 0.0 | 722.41 | 177.18 | 0.0 | -68.42 | 0 | 0.0 | 168.42 | 68.42 | 0.0 | 21.30 | -22.09 | 0.0 |
| 20Q2 (3) | -0.01 | 0 | 0.0 | 43.52 | 0 | 0.0 | 0.61 | 0 | 0.0 | -4.09 | 0 | 0.0 | -1.76 | 0 | 0.0 | -0.11 | 0 | 0.0 | 0.05 | 0 | 0.0 | 0.02 | 0 | 0.0 | 40.91 | 0 | 0.0 | 260.63 | 0 | 0.0 | -0.00 | 0 | 0.0 | 100.00 | 0 | 0.0 | 27.34 | 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) | 2.94 | 157.89 | 10.38 | -18.52 | 7.02 | 19.59 | 1.13 | -54.19 | 6.86 | -4.59 | 5.54 | -1.77 | 5.45 | 88.58 | 2.77 | 48.92 | 0.47 | 56.67 | 8.98 | -14.15 | 137.75 | 90.68 | 102.20 | 25.32 | -2.20 | 0 | 0.85 | -37.3 | 3.09 | -39.41 |
| 2022 (9) | 1.14 | -69.84 | 12.74 | -34.26 | 5.87 | -58.22 | 2.46 | 42.42 | 7.19 | -45.57 | 5.64 | -46.49 | 2.89 | -76.39 | 1.86 | -67.48 | 0.30 | -40.0 | 10.46 | -35.23 | 72.24 | 11.98 | 81.55 | -23.27 | 18.45 | 0 | 1.36 | 1623.15 | 5.10 | 13.84 |
| 2021 (8) | 3.78 | 32.17 | 19.38 | -30.64 | 14.05 | 562.74 | 1.73 | -85.83 | 13.21 | -73.81 | 10.54 | -77.42 | 12.24 | -49.77 | 5.72 | -0.52 | 0.50 | 354.55 | 16.15 | -76.94 | 64.51 | -86.01 | 106.28 | 2450.79 | -6.28 | 0 | 0.08 | 182.72 | 4.48 | -79.97 |
| 2020 (7) | 2.86 | 244.58 | 27.94 | 61.32 | 2.12 | -51.49 | 12.21 | -20.43 | 50.43 | 521.06 | 46.68 | 674.13 | 24.37 | 548.14 | 5.75 | 186.07 | 0.11 | -56.0 | 70.04 | 169.8 | 461.02 | 104.26 | 4.17 | -92.11 | 95.83 | 102.94 | 0.03 | 0 | 22.37 | 111.64 |
| 2019 (6) | 0.83 | 654.55 | 17.32 | 956.1 | 4.37 | 0 | 15.35 | 25.24 | 8.12 | 0 | 6.03 | 0 | 3.76 | 0 | 2.01 | 0 | 0.25 | -43.18 | 25.96 | 174.13 | 225.70 | 273.92 | 52.78 | -70.44 | 47.22 | 0 | 0.00 | 0 | 10.57 | -8.64 |
| 2018 (5) | 0.11 | -78.0 | 1.64 | -85.53 | -7.04 | 0 | 12.26 | 18.68 | -3.95 | 0 | -5.28 | 0 | -4.62 | 0 | -1.94 | 0 | 0.44 | 0 | 9.47 | -30.37 | 60.36 | -80.44 | 178.57 | 78.57 | -78.57 | 0 | 0.00 | 0 | 11.57 | 38.4 |
| 2017 (4) | 0.50 | 0 | 11.33 | 0 | 2.24 | 0 | 10.33 | 0 | 2.34 | 0 | 2.30 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 13.60 | 0 | 308.54 | 0 | 100.00 | 0 | 0.00 | 0 | 0.00 | 0 | 8.36 | 0 |
