- 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 | |||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 24Q1 (20) | 0.10 | 114.71 | 127.78 | 78.57 | 30.43 | 17.22 | 3.22 | 105.27 | 110.67 | 7.02 | 110.7 | 122.93 | 6.09 | 109.28 | 118.9 | 1.13 | 114.58 | 132.47 | 0.96 | 114.63 | 131.48 | 0.15 | 50.0 | 66.67 | 33.64 | 229.24 | 331.84 | 22.61 | 19.38 | 87.95 | 50.00 | -45.45 | -50.0 | 50.00 | 700.0 | 0 | 0.00 | -100.0 | -100.0 |
| 23Q4 (19) | -0.68 | -83.78 | -65.85 | 60.24 | -9.09 | -4.29 | -61.11 | -54.05 | -42.18 | -65.63 | -92.69 | -37.47 | -65.63 | -92.69 | -60.31 | -7.75 | -97.7 | -106.12 | -6.56 | -95.24 | -101.23 | 0.10 | 0.0 | 25.0 | -26.03 | -750.75 | -149.09 | 18.94 | 13.07 | 18.23 | 91.67 | -20.56 | 1.15 | 6.25 | 140.62 | -33.33 | 47.33 | 2.91 | 12.93 |
| 23Q3 (18) | -0.37 | -8.82 | -85.0 | 66.26 | 5.81 | 10.38 | -39.67 | -24.09 | -4.67 | -34.06 | -19.63 | -63.83 | -34.06 | -14.37 | -63.83 | -3.92 | -16.32 | -114.21 | -3.36 | -13.9 | -111.32 | 0.10 | 0.0 | 25.0 | 4.00 | -56.0 | -76.0 | 16.75 | 5.68 | 20.5 | 115.38 | 1.54 | -35.38 | -15.38 | -12.82 | 80.42 | 45.99 | 4.1 | 10.82 |
| 23Q2 (17) | -0.34 | 5.56 | -326.67 | 62.62 | -6.58 | -13.17 | -31.97 | -5.97 | -590.34 | -28.47 | 7.02 | -339.65 | -29.78 | 7.6 | -413.47 | -3.37 | 3.16 | -357.25 | -2.95 | 3.28 | -356.52 | 0.10 | 11.11 | -16.67 | 9.09 | 16.69 | -75.76 | 15.85 | 31.75 | 13.05 | 113.64 | 13.64 | 94.81 | -13.64 | 0 | -127.27 | 44.18 | 2.06 | 47.36 |
| 23Q1 (16) | -0.36 | 12.2 | -136.36 | 67.03 | 6.5 | -23.25 | -30.17 | 29.8 | -170.08 | -30.62 | 35.86 | -164.75 | -32.23 | 21.28 | -185.17 | -3.48 | 7.45 | -137.1 | -3.05 | 6.44 | -137.94 | 0.09 | 12.5 | -57.14 | 7.79 | 174.55 | -87.39 | 12.03 | -24.91 | -28.26 | 100.00 | 10.34 | 9.09 | -0.00 | -100.0 | -100.0 | 43.29 | 3.29 | 88.87 |
| 22Q4 (15) | -0.41 | -105.0 | -241.38 | 62.94 | 4.85 | -22.11 | -42.98 | -13.4 | -326.93 | -47.74 | -129.63 | -360.59 | -40.94 | -96.92 | -388.72 | -3.76 | -105.46 | -230.56 | -3.26 | -105.03 | -230.4 | 0.08 | 0.0 | -55.56 | -10.45 | -162.69 | -129.82 | 16.02 | 15.25 | -6.48 | 90.62 | -49.25 | -12.86 | 9.38 | 111.93 | 334.38 | 41.91 | 0.99 | 87.52 |
| 22Q3 (14) | -0.20 | -233.33 | -66.67 | 60.03 | -16.76 | -20.32 | -37.90 | -681.29 | -808.87 | -20.79 | -275.0 | -331.33 | -20.79 | -318.84 | -125.73 | -1.83 | -239.69 | -47.58 | -1.59 | -238.26 | -50.0 | 0.08 | -33.33 | -33.33 | 16.67 | -55.55 | -6.24 | 13.90 | -0.86 | -4.27 | 178.57 | 206.12 | 78.57 | -78.57 | -257.14 | -414.29 | 41.50 | 38.43 | 30.01 |
| 22Q2 (13) | 0.15 | -84.85 | -89.13 | 72.12 | -17.43 | -16.35 | 6.52 | -84.85 | -86.63 | 11.88 | -74.88 | -73.96 | 9.50 | -74.89 | -79.18 | 1.31 | -86.03 | -91.24 | 1.15 | -85.7 | -90.25 | 0.12 | -42.86 | -53.85 | 37.50 | -39.32 | -31.36 | 14.02 | -16.4 | -9.49 | 58.33 | -36.36 | -45.17 | 50.00 | 425.0 | 883.33 | 29.98 | 30.8 | 118.51 |
| 22Q1 (12) | 0.99 | 241.38 | -28.26 | 87.34 | 8.08 | -1.27 | 43.05 | 127.3 | -15.09 | 47.29 | 158.13 | -5.51 | 37.84 | 166.85 | -24.4 | 9.38 | 225.69 | -46.49 | 8.04 | 221.6 | -35.47 | 0.21 | 16.67 | -16.0 | 61.80 | 76.37 | 5.46 | 16.77 | -2.1 | -58.14 | 91.67 | -11.86 | -10.26 | 9.52 | 338.1 | 985.71 | 22.92 | 2.55 | 52.8 |
| 21Q4 (11) | 0.29 | 341.67 | -71.29 | 80.81 | 7.26 | -6.92 | 18.94 | 554.2 | -59.23 | 18.32 | 480.08 | -60.47 | 14.18 | 253.96 | -69.4 | 2.88 | 332.26 | -80.96 | 2.50 | 335.85 | -76.46 | 0.18 | 50.0 | -21.74 | 35.04 | 97.08 | -37.94 | 17.13 | 17.98 | -59.13 | 104.00 | 4.0 | 4.0 | -4.00 | -116.0 | 0 | 22.35 | -29.98 | 33.35 |
| 21Q3 (10) | -0.12 | -108.7 | -148.0 | 75.34 | -12.62 | -9.61 | -4.17 | -108.55 | -120.07 | -4.82 | -110.57 | -126.9 | -9.21 | -120.19 | -151.4 | -1.24 | -108.29 | -130.32 | -1.06 | -108.98 | -135.81 | 0.12 | -53.85 | -25.0 | 17.78 | -67.45 | -46.65 | 14.52 | -6.26 | -66.92 | 100.00 | -6.0 | -10.53 | 25.00 | 491.67 | 241.67 | 31.92 | 132.65 | 5.14 |
| 21Q2 (9) | 1.38 | 0.0 | 652.0 | 86.22 | -2.53 | 45.42 | 48.77 | -3.81 | 307.8 | 45.62 | -8.85 | 266.5 | 45.62 | -8.85 | 266.5 | 14.95 | -14.72 | 456.8 | 11.80 | -5.3 | 477.0 | 0.26 | 4.0 | 116.67 | 54.63 | -6.77 | 1228.72 | 15.49 | -61.33 | -58.65 | 106.38 | 4.14 | 20.57 | -6.38 | -493.62 | -154.26 | 13.72 | -8.53 | 0 |
| 21Q1 (8) | 1.38 | 36.63 | 6800.0 | 88.46 | 1.89 | 15.41 | 50.70 | 9.13 | 5935.71 | 50.05 | 8.01 | 2506.77 | 50.05 | 8.01 | 2506.77 | 17.53 | 15.86 | 4908.57 | 12.46 | 17.33 | 3793.75 | 0.25 | 8.7 | 78.57 | 58.60 | 3.79 | 174.73 | 40.06 | -4.41 | 51.57 | 102.15 | 2.15 | 2.15 | -1.08 | 0 | -101.08 | 15.00 | -10.5 | -62.83 |
| 20Q4 (7) | 1.01 | 304.0 | 0 | 86.82 | 4.16 | 12.65 | 46.46 | 123.58 | 1811.93 | 46.34 | 158.59 | 66100.0 | 46.34 | 158.59 | 66100.0 | 15.13 | 269.93 | 151200.0 | 10.62 | 258.78 | 21140.0 | 0.23 | 43.75 | 64.29 | 56.46 | 69.4 | 194.37 | 41.91 | -4.53 | 50.05 | 100.00 | -10.53 | 0 | 0.00 | 100.0 | 0 | 16.76 | -44.8 | -62.85 |
| 20Q3 (6) | 0.25 | 200.0 | 167.57 | 83.35 | 40.58 | 19.31 | 20.78 | 188.54 | 136.77 | 17.92 | 165.4 | 131.31 | 17.92 | 165.4 | 131.31 | 4.09 | 197.61 | 169.8 | 2.96 | 194.57 | 163.52 | 0.16 | 33.33 | 100.0 | 33.33 | 788.64 | 219.42 | 43.90 | 17.19 | 61.34 | 111.76 | 26.67 | 11.76 | -17.65 | -250.0 | 0 | 30.36 | 0 | -62.0 |
| 20Q2 (5) | -0.25 | -1350.0 | -19.05 | 59.29 | -22.65 | -19.81 | -23.47 | -2894.05 | 18.17 | -27.40 | -1527.08 | 1.05 | -27.40 | -1527.08 | 1.05 | -4.19 | -1297.14 | -32.18 | -3.13 | -1078.12 | -22.75 | 0.12 | -14.29 | 33.33 | -4.84 | -122.69 | -23.47 | 37.46 | 41.73 | 68.36 | 88.24 | -11.76 | -17.65 | 11.76 | -88.24 | 264.71 | 0.00 | -100.0 | -100.0 |
| 20Q1 (4) | 0.02 | 0 | 0.0 | 76.65 | -0.54 | 0.0 | 0.84 | -65.43 | 0.0 | 1.92 | 2642.86 | 0.0 | 1.92 | 2642.86 | 0.0 | 0.35 | 3400.0 | 0.0 | 0.32 | 540.0 | 0.0 | 0.14 | 0.0 | 0.0 | 21.33 | 11.21 | 0.0 | 26.43 | -5.37 | 0.0 | 100.00 | 0 | 0.0 | 100.00 | 0 | 0.0 | 40.35 | -10.57 | 0.0 |
| 19Q4 (3) | 0.00 | 100.0 | 0.0 | 77.07 | 10.32 | 0.0 | 2.43 | 104.3 | 0.0 | 0.07 | 100.12 | 0.0 | 0.07 | 100.12 | 0.0 | 0.01 | 100.17 | 0.0 | 0.05 | 101.07 | 0.0 | 0.14 | 75.0 | 0.0 | 19.18 | 168.72 | 0.0 | 27.93 | 2.65 | 0.0 | 0.00 | -100.0 | 0.0 | 0.00 | 0 | 0.0 | 45.12 | -43.52 | 0.0 |
| 19Q3 (2) | -0.37 | -76.19 | 0.0 | 69.86 | -5.52 | 0.0 | -56.51 | -97.04 | 0.0 | -57.23 | -106.68 | 0.0 | -57.23 | -106.68 | 0.0 | -5.86 | -84.86 | 0.0 | -4.66 | -82.75 | 0.0 | 0.08 | -11.11 | 0.0 | -27.91 | -611.99 | 0.0 | 27.21 | 22.29 | 0.0 | 100.00 | -6.67 | 0.0 | 0.00 | 100.0 | 0.0 | 79.89 | 31.83 | 0.0 |
| 19Q2 (1) | -0.21 | 0.0 | 0.0 | 73.94 | 0.0 | 0.0 | -28.68 | 0.0 | 0.0 | -27.69 | 0.0 | 0.0 | -27.69 | 0.0 | 0.0 | -3.17 | 0.0 | 0.0 | -2.55 | 0.0 | 0.0 | 0.09 | 0.0 | 0.0 | -3.92 | 0.0 | 0.0 | 22.25 | 0.0 | 0.0 | 107.14 | 0.0 | 0.0 | -7.14 | 0.0 | 0.0 | 60.60 | 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) | -1.73 | 0 | 64.07 | -14.81 | -40.46 | 0 | 13.91 | 25.77 | -39.37 | 0 | -40.11 | 0 | -18.48 | 0 | -15.69 | 0 | 0.39 | -23.53 | -1.32 | 0 | 18.94 | 18.23 | 102.52 | 80.3 | -2.52 | 0 | 26.11 | 34.72 | 45.16 | 46.96 |
| 2022 (9) | 0.53 | -81.85 | 75.21 | -10.58 | 7.04 | -79.9 | 11.06 | 95.25 | 12.16 | -63.77 | 8.62 | -73.07 | 5.10 | -84.92 | 4.44 | -83.33 | 0.51 | -38.55 | 36.78 | -20.25 | 16.02 | -6.48 | 56.86 | -45.5 | 41.18 | 0 | 19.38 | 16.71 | 30.73 | 64.6 |
| 2021 (8) | 2.92 | 186.27 | 84.11 | 5.93 | 35.03 | 79.55 | 5.66 | -38.83 | 33.56 | 83.19 | 32.01 | 74.73 | 33.83 | 120.25 | 26.63 | 131.57 | 0.83 | 33.87 | 46.12 | 37.26 | 17.13 | -59.13 | 104.33 | -2.72 | -4.33 | 0 | 16.60 | 12.16 | 18.67 | -36.19 |
| 2020 (7) | 1.02 | 0 | 79.40 | 9.14 | 19.51 | 0 | 9.26 | -41.36 | 18.32 | 0 | 18.32 | 0 | 15.36 | 0 | 11.50 | 0 | 0.62 | 47.62 | 33.60 | 1434.25 | 41.91 | 50.05 | 107.25 | 12.12 | -5.80 | 0 | 14.80 | 83.5 | 29.26 | -48.04 |
| 2019 (6) | -0.68 | 0 | 72.75 | -4.15 | -19.48 | 0 | 15.79 | 94.74 | -20.13 | 0 | -20.13 | 0 | -10.52 | 0 | -8.27 | 0 | 0.42 | -38.24 | 2.19 | -91.29 | 27.93 | 27.48 | 95.65 | 6.05 | 2.17 | -77.83 | 8.07 | 32.17 | 56.31 | 80.19 |
| 2018 (5) | 0.75 | 0 | 75.90 | 19.36 | 12.40 | 0 | 8.11 | -14.86 | 13.69 | 0 | 13.69 | 0 | 11.73 | 0 | 9.44 | 0 | 0.68 | 41.67 | 25.14 | 0 | 21.91 | -29.78 | 90.20 | -1.21 | 9.80 | 12.75 | 6.10 | 0 | 31.25 | -29.19 |
| 2017 (4) | -0.70 | 0 | 63.59 | -11.57 | -16.73 | 0 | 9.52 | -0.79 | -18.42 | 0 | -18.42 | 0 | -11.85 | 0 | -8.75 | 0 | 0.48 | 2.13 | -4.76 | 0 | 31.20 | -10.65 | 91.30 | 4.35 | 8.70 | -30.43 | 0.00 | 0 | 44.13 | -5.66 |
| 2016 (3) | -0.38 | 0 | 71.91 | 6.45 | -8.35 | 0 | 9.60 | -3.29 | -9.55 | 0 | -9.55 | 0 | -6.14 | 0 | -4.26 | 0 | 0.47 | -6.0 | 6.80 | 0 | 34.92 | -5.55 | 87.50 | -13.98 | 12.50 | 0 | 0.00 | 0 | 46.78 | -1.97 |
| 2015 (2) | -0.93 | 0 | 67.55 | 4.73 | -21.62 | 0 | 9.93 | 18.25 | -21.30 | 0 | -21.30 | 0 | -13.93 | 0 | -10.44 | 0 | 0.50 | 0.0 | -3.31 | 0 | 36.97 | 41.16 | 101.72 | 10.85 | -1.72 | 0 | 0.00 | 0 | 47.72 | 6.57 |
| 2014 (1) | -1.39 | 0 | 64.50 | 0 | -28.36 | 0 | 8.39 | -7.31 | -30.95 | 0 | -30.95 | 0 | -19.05 | 0 | -15.49 | 0 | 0.50 | 8.7 | -13.14 | 0 | 26.19 | 42.96 | 91.76 | -13.33 | 8.24 | 0 | 0.00 | 0 | 44.78 | -7.1 |
