- 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) | 2.09 | -43.67 | -43.67 | 19.93 | -14.5 | -4.91 | 9.49 | -5.76 | 10.99 | 6.36 | -46.91 | -34.37 | 6.19 | -44.28 | -42.42 | 4.00 | -47.3 | -55.06 | 2.30 | -42.36 | -42.64 | 0.34 | -2.86 | 0.0 | 10.15 | -35.35 | -28.72 | 88.43 | -4.07 | -30.27 | 149.31 | 77.84 | 69.21 | -49.31 | -407.3 | -519.1 | 22.40 | -10.26 | -3.95 |
| 24Q2 (19) | 3.71 | 38.95 | 26.19 | 23.31 | 15.74 | 11.53 | 10.07 | 31.81 | 28.28 | 11.98 | 10.31 | 38.5 | 11.11 | 13.48 | 36.49 | 7.59 | 35.29 | 3.97 | 3.99 | 30.82 | 26.27 | 0.35 | 20.69 | 0.0 | 15.70 | 0.32 | 14.35 | 92.18 | -10.39 | -42.0 | 83.96 | 19.24 | -7.79 | 16.04 | -45.78 | 69.36 | 24.96 | -7.62 | -7.0 |
| 24Q1 (18) | 2.67 | 28.99 | 90.71 | 20.14 | -3.96 | 11.89 | 7.64 | -25.24 | 0.66 | 10.86 | 44.41 | 101.86 | 9.79 | 46.56 | 98.98 | 5.61 | 30.47 | 62.61 | 3.05 | 32.03 | 89.44 | 0.29 | -6.45 | 11.54 | 15.65 | 28.07 | 53.58 | 102.87 | 9.76 | -34.39 | 70.41 | -48.1 | -50.17 | 29.59 | 182.97 | 171.64 | 27.02 | 9.13 | -8.75 |
| 23Q4 (17) | 2.07 | -44.2 | -17.86 | 20.97 | 0.05 | -8.79 | 10.22 | 19.53 | 14.19 | 7.52 | -22.39 | -5.41 | 6.68 | -37.86 | -5.52 | 4.30 | -51.69 | -34.05 | 2.31 | -42.39 | -9.06 | 0.31 | -8.82 | -3.13 | 12.22 | -14.19 | -0.33 | 93.72 | -26.1 | -47.36 | 135.66 | 53.75 | 20.75 | -35.66 | -403.15 | -188.71 | 24.76 | 6.17 | -9.17 |
| 23Q3 (16) | 3.71 | 26.19 | 8.48 | 20.96 | 0.29 | -3.76 | 8.55 | 8.92 | -4.58 | 9.69 | 12.02 | -2.61 | 10.75 | 32.06 | 21.2 | 8.90 | 21.92 | -8.62 | 4.01 | 26.9 | 16.23 | 0.34 | -2.86 | -5.56 | 14.24 | 3.71 | 2.96 | 126.82 | -20.2 | -36.07 | 88.24 | -3.09 | -1.96 | 11.76 | 24.18 | 17.65 | 23.32 | -13.11 | -13.08 |
| 23Q2 (15) | 2.94 | 110.0 | -18.11 | 20.90 | 16.11 | -1.92 | 7.85 | 3.43 | -13.45 | 8.65 | 60.78 | -11.55 | 8.14 | 65.45 | -10.25 | 7.30 | 111.59 | -35.91 | 3.16 | 96.27 | -17.28 | 0.35 | 34.62 | -12.5 | 13.73 | 34.74 | 6.77 | 158.93 | 1.37 | -25.65 | 91.05 | -35.56 | -1.75 | 9.47 | 122.94 | 29.29 | 26.84 | -9.35 | 2.05 |
| 23Q1 (14) | 1.40 | -44.44 | 29.63 | 18.00 | -21.71 | 8.11 | 7.59 | -15.2 | 65.72 | 5.38 | -32.33 | 28.4 | 4.92 | -30.41 | 30.16 | 3.45 | -47.09 | -7.01 | 1.61 | -36.61 | 21.05 | 0.26 | -18.75 | -18.75 | 10.19 | -16.88 | 24.88 | 156.78 | -11.94 | -24.46 | 141.30 | 25.77 | 28.78 | -41.30 | -234.37 | -324.84 | 29.61 | 8.62 | 0.58 |
| 22Q4 (13) | 2.52 | -26.32 | 159.79 | 22.99 | 5.56 | 28.29 | 8.95 | -0.11 | 81.54 | 7.95 | -20.1 | 103.85 | 7.07 | -20.29 | 90.05 | 6.52 | -33.06 | 85.75 | 2.54 | -26.38 | 88.15 | 0.32 | -11.11 | 0.0 | 12.26 | -11.35 | 51.55 | 178.04 | -10.25 | -10.25 | 112.35 | 24.84 | -10.99 | -12.35 | -223.53 | 52.9 | 27.26 | 1.6 | -28.02 |
| 22Q3 (12) | 3.42 | -4.74 | 8450.0 | 21.78 | 2.21 | 75.36 | 8.96 | -1.21 | 1154.12 | 9.95 | 1.74 | 12337.5 | 8.87 | -2.21 | 5117.65 | 9.74 | -14.49 | 7392.31 | 3.45 | -9.69 | 1715.79 | 0.36 | -10.0 | 33.33 | 13.83 | 7.54 | 181.67 | 198.38 | -7.19 | 6.32 | 90.00 | -2.88 | 108.18 | 10.00 | 36.47 | -99.17 | 26.83 | 2.02 | -8.87 |
| 22Q2 (11) | 3.59 | 232.41 | 259.0 | 21.31 | 27.99 | 28.92 | 9.07 | 98.03 | 121.22 | 9.78 | 133.41 | 105.89 | 9.07 | 139.95 | 114.93 | 11.39 | 207.01 | 207.84 | 3.82 | 187.22 | 148.05 | 0.40 | 25.0 | 25.0 | 12.86 | 57.6 | 37.69 | 213.76 | 2.99 | 20.08 | 92.67 | -15.54 | 8.65 | 7.33 | 175.37 | -44.64 | 26.30 | -10.67 | 5.75 |
| 22Q1 (10) | 1.08 | 11.34 | 244.0 | 16.65 | -7.09 | 84.39 | 4.58 | -7.1 | 210.1 | 4.19 | 7.44 | 207.99 | 3.78 | 1.61 | 197.42 | 3.71 | 5.7 | 235.9 | 1.33 | -1.48 | 243.01 | 0.32 | 0.0 | 10.34 | 8.16 | 0.87 | 397.56 | 207.55 | 4.62 | 23.46 | 109.72 | -13.08 | 2.86 | -9.72 | 62.93 | -45.83 | 29.44 | -22.26 | -18.13 |
| 21Q4 (9) | 0.97 | 2325.0 | 158.43 | 17.92 | 44.28 | 79.74 | 4.93 | 680.0 | 152.56 | 3.90 | 4775.0 | 132.58 | 3.72 | 2088.24 | 131.9 | 3.51 | 2600.0 | 160.0 | 1.35 | 610.53 | 152.73 | 0.32 | 18.52 | 39.13 | 8.09 | 64.77 | 238.53 | 198.38 | 6.32 | 69.73 | 126.23 | 111.48 | 62.52 | -26.23 | -102.19 | -222.8 | 37.87 | 28.63 | -19.77 |
| 21Q3 (8) | 0.04 | -96.0 | 105.8 | 12.42 | -24.86 | -25.14 | -0.85 | -120.73 | 73.6 | 0.08 | -98.32 | 101.62 | 0.17 | -95.97 | 103.45 | 0.13 | -96.49 | 105.51 | 0.19 | -87.66 | 120.21 | 0.27 | -15.62 | 28.57 | 4.91 | -47.43 | 195.78 | 186.59 | 4.82 | 53.47 | -1100.00 | -1389.66 | -1811.11 | 1200.00 | 8966.67 | 3500.0 | 29.44 | 18.38 | -6.86 |
| 21Q2 (7) | 1.00 | 233.33 | 332.56 | 16.53 | 83.06 | -4.45 | 4.10 | 198.56 | 313.54 | 4.75 | 222.42 | 235.71 | 4.22 | 208.76 | 248.07 | 3.70 | 235.53 | 358.74 | 1.54 | 265.59 | 427.66 | 0.32 | 10.34 | 45.45 | 9.34 | 469.51 | 213.42 | 178.01 | 5.89 | 41.76 | 85.29 | -20.04 | 60.55 | 13.24 | 298.53 | -69.75 | 24.87 | -30.84 | 0 |
| 21Q1 (6) | -0.75 | 54.82 | -426.09 | 9.03 | -9.43 | -39.72 | -4.16 | 55.65 | -478.18 | -3.88 | 67.59 | -315.56 | -3.88 | 66.72 | -418.03 | -2.73 | 53.33 | -464.0 | -0.93 | 63.67 | -278.85 | 0.29 | 26.09 | 11.54 | 1.64 | 128.08 | -77.81 | 168.11 | 43.83 | 28.0 | 106.67 | 37.33 | 77.78 | -6.67 | -131.21 | -116.67 | 35.96 | -23.81 | 6.05 |
| 20Q4 (5) | -1.66 | -140.58 | -224.81 | 9.97 | -39.9 | -46.31 | -9.38 | -191.3 | -313.18 | -11.97 | -142.8 | -367.79 | -11.66 | -136.51 | -369.28 | -5.85 | -147.88 | -238.95 | -2.56 | -172.34 | -257.06 | 0.23 | 9.52 | -30.3 | -5.84 | -451.81 | -167.91 | 116.88 | -3.87 | -18.44 | 77.67 | 20.82 | -20.05 | 21.36 | -35.92 | 1395.15 | 47.20 | 49.32 | 0 |
| 20Q3 (4) | -0.69 | -60.47 | 0.0 | 16.59 | -4.1 | 0.0 | -3.22 | -67.71 | 0.0 | -4.93 | -40.86 | 0.0 | -4.93 | -72.98 | 0.0 | -2.36 | -65.03 | 0.0 | -0.94 | -100.0 | 0.0 | 0.21 | -4.55 | 0.0 | 1.66 | -44.3 | 0.0 | 121.58 | -3.18 | 0.0 | 64.29 | 21.01 | 0.0 | 33.33 | -23.81 | 0.0 | 31.61 | 0 | 0.0 |
| 20Q2 (3) | -0.43 | -286.96 | 0.0 | 17.30 | 15.49 | 0.0 | -1.92 | -274.55 | 0.0 | -3.50 | -294.44 | 0.0 | -2.85 | -333.61 | 0.0 | -1.43 | -290.67 | 0.0 | -0.47 | -190.38 | 0.0 | 0.22 | -15.38 | 0.0 | 2.98 | -59.68 | 0.0 | 125.57 | -4.39 | 0.0 | 53.12 | -11.46 | 0.0 | 43.75 | 9.37 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | 0.23 | -82.71 | 0.0 | 14.98 | -19.33 | 0.0 | 1.10 | -75.0 | 0.0 | 1.80 | -59.73 | 0.0 | 1.22 | -71.82 | 0.0 | 0.75 | -82.19 | 0.0 | 0.52 | -68.1 | 0.0 | 0.26 | -21.21 | 0.0 | 7.39 | -14.07 | 0.0 | 131.34 | -8.35 | 0.0 | 60.00 | -38.24 | 0.0 | 40.00 | 2700.0 | 0.0 | 33.91 | 0 | 0.0 |
| 19Q4 (1) | 1.33 | 0.0 | 0.0 | 18.57 | 0.0 | 0.0 | 4.40 | 0.0 | 0.0 | 4.47 | 0.0 | 0.0 | 4.33 | 0.0 | 0.0 | 4.21 | 0.0 | 0.0 | 1.63 | 0.0 | 0.0 | 0.33 | 0.0 | 0.0 | 8.60 | 0.0 | 0.0 | 143.30 | 0.0 | 0.0 | 97.14 | 0.0 | 0.0 | 1.43 | 0.0 | 0.0 | 0.00 | 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) | 10.07 | -5.09 | 20.30 | -2.96 | 8.55 | 5.43 | 3.47 | 17.64 | 7.95 | -3.52 | 7.78 | 4.43 | 22.17 | -29.26 | 10.86 | -7.97 | 1.24 | -15.65 | 12.74 | 5.9 | 93.72 | -47.36 | 107.63 | 9.5 | -7.63 | 0 | 2.16 | 1.74 | 26.01 | -4.76 |
| 2022 (9) | 10.61 | 742.06 | 20.92 | 45.68 | 8.11 | 475.18 | 2.95 | -22.26 | 8.24 | 424.84 | 7.45 | 435.97 | 31.34 | 599.55 | 11.80 | 385.6 | 1.47 | 17.6 | 12.03 | 90.95 | 178.04 | -10.25 | 98.30 | 9.94 | 1.56 | -83.4 | 2.12 | -23.94 | 27.31 | -14.82 |
| 2021 (8) | 1.26 | 0 | 14.36 | -2.71 | 1.41 | 0 | 3.80 | -24.44 | 1.57 | 0 | 1.39 | 0 | 4.48 | 0 | 2.43 | 0 | 1.25 | 35.87 | 6.30 | 215.0 | 198.38 | 69.73 | 89.41 | 23.74 | 9.41 | -66.07 | 2.79 | 33.12 | 32.06 | -12.43 |
| 2020 (7) | -2.56 | 0 | 14.76 | -15.56 | -3.00 | 0 | 5.02 | 53.04 | -4.15 | 0 | -4.10 | 0 | -8.68 | 0 | -3.17 | 0 | 0.92 | -37.84 | 2.00 | -75.12 | 116.88 | -18.44 | 72.26 | -34.94 | 27.74 | 0 | 2.09 | 5.14 | 36.61 | 13.7 |
| 2019 (6) | 4.20 | 129.51 | 17.48 | 15.38 | 3.88 | 189.55 | 3.28 | 60.93 | 3.50 | 108.33 | 3.29 | 116.45 | 13.55 | 83.85 | 6.15 | 89.23 | 1.48 | 0.68 | 8.04 | 67.85 | 143.30 | -37.12 | 111.06 | 39.86 | -10.62 | 0 | 1.99 | -18.42 | 32.20 | -11.51 |
| 2018 (5) | 1.83 | 0 | 15.15 | -0.59 | 1.34 | 157.69 | 2.04 | 7.48 | 1.68 | 1766.67 | 1.52 | 0 | 7.37 | 0 | 3.25 | 0 | 1.47 | 10.53 | 4.79 | 82.13 | 227.89 | -2.05 | 79.41 | -87.29 | 20.59 | 0 | 2.44 | 0.85 | 36.39 | -11.18 |
| 2017 (4) | -0.78 | 0 | 15.24 | -12.06 | 0.52 | -79.69 | 1.90 | 3.41 | 0.09 | -97.13 | -0.81 | 0 | -3.00 | 0 | -0.66 | 0 | 1.33 | -14.74 | 2.63 | -53.12 | 232.65 | 72.67 | 625.00 | 670.0 | -500.00 | 0 | 2.42 | 0 | 40.97 | 8.07 |
| 2016 (3) | 2.51 | -54.03 | 17.33 | -13.39 | 2.56 | -47.11 | 1.84 | 11.2 | 3.14 | -48.52 | 2.30 | -50.0 | 8.62 | -58.8 | 4.00 | -52.72 | 1.56 | -10.34 | 5.61 | -32.65 | 134.74 | -9.35 | 81.17 | 2.43 | 18.83 | -7.87 | 0.00 | 0 | 37.91 | 4.58 |
| 2015 (2) | 5.46 | 38.58 | 20.01 | -1.04 | 4.84 | -7.63 | 1.65 | -1.37 | 6.10 | 14.02 | 4.60 | 13.3 | 20.92 | 2.25 | 8.46 | 9.73 | 1.74 | -1.14 | 8.33 | 8.04 | 148.64 | -15.74 | 79.25 | -19.19 | 20.44 | 958.81 | 0.00 | 0 | 36.25 | 3.78 |
| 2014 (1) | 3.94 | 328.26 | 20.22 | 0 | 5.24 | 0 | 1.67 | -1.8 | 5.35 | 0 | 4.06 | 0 | 20.46 | 0 | 7.71 | 0 | 1.76 | 0 | 7.71 | 63.0 | 176.41 | -11.24 | 98.07 | -36.16 | 1.93 | 0 | 0.00 | 0 | 34.93 | -3.29 |
