- 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) | 1.35 | -19.64 | -43.04 | 50.30 | -2.63 | -4.75 | 14.73 | -16.07 | -26.02 | 20.96 | -22.02 | -39.03 | 18.17 | -20.13 | -38.34 | 2.95 | -24.94 | -43.81 | 2.01 | -18.62 | -42.57 | 0.11 | 0.0 | -8.33 | 34.88 | -13.41 | -25.68 | 39.58 | -31.98 | -13.16 | 70.23 | 7.52 | 21.35 | 29.77 | -14.16 | -29.33 | 29.76 | 0.57 | 3.41 |
| 24Q2 (19) | 1.68 | -40.0 | -27.59 | 51.66 | -5.05 | -2.08 | 17.55 | -20.37 | -15.71 | 26.88 | -33.07 | -18.91 | 22.75 | -34.31 | -21.03 | 3.93 | -36.3 | -27.22 | 2.47 | -39.31 | -27.35 | 0.11 | -8.33 | -8.33 | 40.28 | -24.07 | -11.53 | 58.19 | -8.1 | 0.45 | 65.32 | 18.6 | 3.96 | 34.68 | -23.42 | -6.69 | 29.59 | -0.57 | 4.19 |
| 24Q1 (18) | 2.80 | 125.81 | -2.44 | 54.41 | 1.61 | -5.54 | 22.04 | -7.67 | -23.55 | 40.16 | 97.74 | 4.5 | 34.63 | 119.32 | 6.72 | 6.17 | 140.08 | -8.18 | 4.07 | 123.63 | -6.0 | 0.12 | 9.09 | -7.69 | 53.05 | 56.77 | 5.95 | 63.32 | 47.26 | 0.38 | 55.07 | -53.05 | -26.65 | 45.29 | 361.89 | 81.79 | 29.76 | 34.17 | 13.59 |
| 23Q4 (17) | 1.24 | -47.68 | -29.94 | 53.55 | 1.4 | 0.77 | 23.87 | 19.89 | 9.24 | 20.31 | -40.92 | -26.47 | 15.79 | -46.42 | -32.09 | 2.57 | -51.05 | -42.63 | 1.82 | -48.0 | -39.74 | 0.11 | -8.33 | -15.38 | 33.84 | -27.89 | -16.53 | 43.00 | -5.66 | -14.97 | 117.29 | 102.68 | 48.93 | -17.29 | -141.05 | -183.44 | 22.18 | -22.93 | -15.34 |
| 23Q3 (16) | 2.37 | 2.16 | 27.42 | 52.81 | 0.09 | -0.77 | 19.91 | -4.37 | 32.56 | 34.38 | 3.71 | 10.83 | 29.47 | 2.29 | 9.47 | 5.25 | -2.78 | 11.23 | 3.50 | 2.94 | 10.06 | 0.12 | 0.0 | 0.0 | 46.93 | 3.07 | -2.72 | 45.58 | -21.32 | -10.26 | 57.87 | -7.89 | 19.44 | 42.13 | 13.34 | -18.27 | 28.78 | 1.34 | 2.86 |
| 23Q2 (15) | 2.32 | -19.16 | 1464.71 | 52.76 | -8.4 | 32.1 | 20.82 | -27.78 | 258.57 | 33.15 | -13.74 | 665.7 | 28.81 | -11.22 | 763.82 | 5.40 | -19.64 | 1248.94 | 3.40 | -21.48 | 1359.26 | 0.12 | -7.69 | 71.43 | 45.53 | -9.07 | 129.95 | 57.93 | -8.16 | 14.51 | 62.83 | -16.32 | -72.21 | 37.17 | 49.19 | 129.48 | 28.40 | 8.4 | -27.48 |
| 23Q1 (14) | 2.87 | 62.15 | 80.5 | 57.60 | 8.39 | 9.59 | 28.83 | 31.95 | 57.71 | 38.43 | 39.14 | 36.23 | 32.45 | 39.57 | 35.49 | 6.72 | 50.0 | 53.42 | 4.33 | 43.38 | 46.78 | 0.13 | 0.0 | 8.33 | 50.07 | 23.51 | 16.96 | 63.08 | 24.74 | 30.71 | 75.09 | -4.66 | 15.42 | 24.91 | 20.21 | -29.79 | 26.20 | 0.0 | -9.22 |
| 22Q4 (13) | 1.77 | -4.84 | -14.08 | 53.14 | -0.15 | -4.49 | 21.85 | 45.47 | -3.23 | 27.62 | -10.96 | -18.21 | 23.25 | -13.63 | -30.33 | 4.48 | -5.08 | -24.96 | 3.02 | -5.03 | -20.11 | 0.13 | 8.33 | 18.18 | 40.54 | -15.96 | -16.89 | 50.57 | -0.43 | -4.37 | 78.76 | 62.54 | 17.85 | 20.73 | -59.79 | -37.52 | 26.20 | -6.36 | -1.58 |
| 22Q3 (12) | 1.86 | 1194.12 | 175.3 | 53.22 | 33.25 | 109.39 | 15.02 | 214.39 | 100.86 | 31.02 | 629.35 | 101.64 | 26.92 | 720.28 | 101.52 | 4.72 | 1104.26 | 172.06 | 3.18 | 1277.78 | 175.0 | 0.12 | 71.43 | 0 | 48.24 | 143.64 | 104.04 | 50.79 | 0.4 | -24.21 | 48.45 | -78.57 | -47.54 | 51.55 | 140.88 | 575.26 | 27.98 | -28.55 | -96.33 |
| 22Q2 (11) | -0.17 | -110.69 | 72.13 | 39.94 | -24.01 | 15.87 | -13.13 | -171.83 | 46.25 | -5.86 | -120.77 | 81.94 | -4.34 | -118.12 | 83.93 | -0.47 | -110.73 | 77.73 | -0.27 | -109.15 | 80.99 | 0.07 | -41.67 | 40.0 | 19.80 | -53.75 | 1736.36 | 50.59 | 4.83 | 22.55 | 226.09 | 247.54 | 198.66 | -126.09 | -455.34 | -618.9 | 39.16 | 35.69 | -14.27 |
| 22Q1 (10) | 1.59 | -22.82 | 21.37 | 52.56 | -5.54 | -4.78 | 18.28 | -19.04 | -19.89 | 28.21 | -16.46 | -9.81 | 23.95 | -28.23 | -9.69 | 4.38 | -26.63 | -4.58 | 2.95 | -21.96 | -6.65 | 0.12 | 9.09 | 0.0 | 42.81 | -12.24 | -6.49 | 48.26 | -8.74 | 4.78 | 65.05 | -2.65 | -10.9 | 35.48 | 6.97 | 31.46 | 28.86 | 8.41 | 0.24 |
| 21Q4 (9) | 2.06 | 183.4 | 70.25 | 55.64 | 109.82 | 6.75 | 22.58 | 101.3 | 3.67 | 33.77 | 101.79 | 12.6 | 33.37 | 101.89 | 29.19 | 5.97 | 191.15 | 32.08 | 3.78 | 189.15 | 22.73 | 0.11 | 0 | -8.33 | 48.78 | 104.09 | 15.59 | 52.88 | -21.09 | 8.32 | 66.83 | -27.65 | -7.67 | 33.17 | 334.57 | 22.22 | 26.62 | -96.51 | -5.0 |
| 21Q3 (8) | -2.47 | -304.92 | -314.78 | -566.51 | -1743.49 | -1163.47 | -1740.83 | -7025.79 | -10340.18 | -1887.42 | -5718.19 | -6983.37 | -1767.60 | -6444.24 | -7374.07 | -6.55 | -210.43 | -248.19 | -4.24 | -198.59 | -250.35 | 0.00 | -100.0 | -100.0 | -1192.86 | -98483.47 | -2744.34 | 67.01 | 62.33 | 36.17 | 92.37 | 22.01 | 49.51 | 7.63 | -68.58 | -80.03 | 762.19 | 1568.54 | 2598.02 |
| 21Q2 (7) | -0.61 | -146.56 | -217.31 | 34.47 | -37.55 | -31.5 | -24.43 | -207.06 | -274.87 | -32.44 | -203.71 | -309.43 | -27.01 | -201.85 | -317.12 | -2.11 | -145.97 | -213.44 | -1.42 | -144.94 | -213.6 | 0.05 | -58.33 | -50.0 | -1.21 | -102.64 | -103.79 | 41.28 | -10.38 | -40.38 | 75.70 | 3.69 | -16.28 | 24.30 | -9.97 | 153.79 | 45.68 | 58.67 | 0 |
| 21Q1 (6) | 1.31 | 8.26 | -14.38 | 55.20 | 5.91 | -2.89 | 22.82 | 4.78 | -11.93 | 31.28 | 4.3 | -12.13 | 26.52 | 2.67 | -12.48 | 4.59 | 1.55 | -13.07 | 3.16 | 2.6 | -15.05 | 0.12 | 0.0 | 0.0 | 45.78 | 8.48 | -7.44 | 46.06 | -5.65 | 12.7 | 73.01 | 0.87 | 0.62 | 26.99 | -0.56 | -0.28 | 28.79 | 2.75 | 9.22 |
| 20Q4 (5) | 1.21 | 5.22 | 17.48 | 52.12 | -2.16 | 0.23 | 21.78 | 28.12 | 15.3 | 29.99 | 9.37 | 19.86 | 25.83 | 6.3 | 19.25 | 4.52 | 2.26 | 21.83 | 3.08 | 9.22 | 18.92 | 0.12 | 9.09 | 0.0 | 42.20 | -6.45 | 5.34 | 48.82 | -0.79 | 5.74 | 72.38 | 17.16 | -4.22 | 27.14 | -28.98 | 11.1 | 28.02 | -0.81 | 0 |
| 20Q3 (4) | 1.15 | 121.15 | 0.0 | 53.27 | 5.86 | 0.0 | 17.00 | 21.69 | 0.0 | 27.42 | 77.02 | 0.0 | 24.30 | 95.34 | 0.0 | 4.42 | 137.63 | 0.0 | 2.82 | 125.6 | 0.0 | 0.11 | 10.0 | 0.0 | 45.11 | 41.37 | 0.0 | 49.21 | -28.93 | 0.0 | 61.78 | -31.68 | 0.0 | 38.22 | 299.19 | 0.0 | 28.25 | 0 | 0.0 |
| 20Q2 (3) | 0.52 | -66.01 | 0.0 | 50.32 | -11.47 | 0.0 | 13.97 | -46.08 | 0.0 | 15.49 | -56.49 | 0.0 | 12.44 | -58.94 | 0.0 | 1.86 | -64.77 | 0.0 | 1.25 | -66.4 | 0.0 | 0.10 | -16.67 | 0.0 | 31.91 | -35.48 | 0.0 | 69.24 | 69.42 | 0.0 | 90.43 | 24.63 | 0.0 | 9.57 | -64.63 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | 1.53 | 48.54 | 0.0 | 56.84 | 9.31 | 0.0 | 25.91 | 37.16 | 0.0 | 35.60 | 42.29 | 0.0 | 30.30 | 39.89 | 0.0 | 5.28 | 42.32 | 0.0 | 3.72 | 43.63 | 0.0 | 0.12 | 0.0 | 0.0 | 49.46 | 23.46 | 0.0 | 40.87 | -11.48 | 0.0 | 72.56 | -3.99 | 0.0 | 27.07 | 10.79 | 0.0 | 26.36 | 0 | 0.0 |
| 19Q4 (1) | 1.03 | 0.0 | 0.0 | 52.00 | 0.0 | 0.0 | 18.89 | 0.0 | 0.0 | 25.02 | 0.0 | 0.0 | 21.66 | 0.0 | 0.0 | 3.71 | 0.0 | 0.0 | 2.59 | 0.0 | 0.0 | 0.12 | 0.0 | 0.0 | 40.06 | 0.0 | 0.0 | 46.17 | 0.0 | 0.0 | 75.57 | 0.0 | 0.0 | 24.43 | 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) | 8.81 | 74.11 | 54.27 | 6.81 | 23.48 | 77.07 | 12.09 | -25.19 | 31.86 | 37.8 | 26.89 | 35.6 | 19.14 | 47.12 | 13.20 | 51.03 | 0.49 | 13.95 | 44.34 | 11.52 | 43.00 | -14.97 | 73.73 | 28.73 | 26.27 | -38.24 | 0.00 | 0 | 26.43 | -10.59 |
| 2022 (9) | 5.06 | 703.17 | 50.81 | 10.07 | 13.26 | 0 | 16.15 | -28.68 | 23.12 | 502.08 | 19.83 | 435.95 | 13.01 | 698.16 | 8.74 | 593.65 | 0.43 | 48.28 | 39.76 | 45.37 | 50.57 | -4.37 | 57.27 | 0 | 42.55 | -66.68 | 0.00 | 0 | 29.56 | -20.9 |
| 2021 (8) | 0.63 | -90.34 | 46.16 | -13.4 | -1.11 | 0 | 22.65 | 56.85 | 3.84 | -86.12 | 3.70 | -84.39 | 1.63 | -89.66 | 1.26 | -88.41 | 0.29 | -35.56 | 27.35 | -35.9 | 52.88 | 8.32 | -29.23 | 0 | 127.69 | 359.93 | 0.00 | 0 | 37.37 | 32.66 |
| 2020 (7) | 6.52 | -19.51 | 53.30 | -4.21 | 19.97 | -6.77 | 14.44 | -1.64 | 27.66 | -11.77 | 23.70 | -12.16 | 15.76 | -18.76 | 10.87 | -26.65 | 0.45 | -16.67 | 42.67 | -8.35 | 48.82 | 5.74 | 72.24 | 5.76 | 27.76 | -12.41 | 0.00 | 0 | 28.17 | 2.1 |
| 2019 (6) | 8.10 | -9.7 | 55.64 | -2.47 | 21.42 | 3.38 | 14.68 | 198.21 | 31.35 | -7.52 | 26.98 | -9.04 | 19.40 | -13.08 | 14.82 | -20.96 | 0.54 | -14.29 | 46.56 | 19.81 | 46.17 | 143.77 | 68.30 | 11.72 | 31.70 | -18.44 | 0.00 | 0 | 27.59 | 0.62 |
| 2018 (5) | 8.97 | 27.78 | 57.05 | 0.11 | 20.72 | 19.01 | 4.92 | 5.38 | 33.90 | 25.98 | 29.66 | 23.89 | 22.32 | 22.1 | 18.75 | 23.03 | 0.63 | -1.56 | 38.86 | 22.97 | 18.94 | -1.3 | 61.14 | -5.58 | 38.86 | 9.85 | 0.00 | 0 | 27.42 | -4.86 |
| 2017 (4) | 7.02 | 0.57 | 56.99 | -0.82 | 17.41 | -2.14 | 4.67 | 26.92 | 26.91 | -2.92 | 23.94 | 1.1 | 18.28 | -2.19 | 15.24 | -1.04 | 0.64 | -1.54 | 31.60 | 0.35 | 19.19 | -7.52 | 64.75 | 0.85 | 35.38 | -1.5 | 0.00 | 0 | 28.82 | -3.03 |
| 2016 (3) | 6.98 | -30.48 | 57.46 | -0.64 | 17.79 | -11.32 | 3.68 | 2.17 | 27.72 | -23.55 | 23.68 | -27.07 | 18.69 | -35.01 | 15.40 | -34.3 | 0.65 | -9.72 | 31.49 | -21.18 | 20.75 | -6.91 | 64.21 | 16.05 | 35.92 | -19.6 | 0.00 | 0 | 29.72 | 5.46 |
| 2015 (2) | 10.04 | 128.18 | 57.83 | 0.92 | 20.06 | 2.82 | 3.60 | 14.23 | 36.26 | 54.56 | 32.47 | 61.95 | 28.76 | 43.08 | 23.44 | 45.05 | 0.72 | -10.0 | 39.95 | 49.35 | 22.29 | -5.87 | 55.33 | -33.45 | 44.67 | 164.9 | 0.00 | 0 | 28.18 | -1.88 |
| 2014 (1) | 4.40 | 63.57 | 57.30 | 0 | 19.51 | 0 | 3.15 | -18.59 | 23.46 | 0 | 20.05 | 0 | 20.10 | 0 | 16.16 | 0 | 0.80 | -1.23 | 26.75 | 36.55 | 23.68 | -10.34 | 83.14 | -27.29 | 16.86 | 0 | 0.00 | 0 | 28.72 | -2.54 |
