- 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) | 0.85 | -3.41 | 26.87 | 21.06 | 10.67 | -1.5 | 9.09 | 49.51 | 3.3 | 9.05 | -6.12 | 14.99 | 7.22 | -11.41 | 21.75 | 3.82 | 5.82 | 20.5 | 1.72 | 4.88 | 15.44 | 0.23 | 21.05 | -4.17 | 12.63 | -8.81 | 17.27 | 126.64 | -10.27 | -0.01 | 100.69 | 60.11 | -9.95 | -0.69 | -101.89 | 94.12 | 17.21 | -12.73 | -4.39 |
| 24Q2 (19) | 0.88 | -25.42 | 125.64 | 19.03 | -9.64 | -6.76 | 6.08 | -25.49 | -11.76 | 9.64 | -19.4 | 81.2 | 8.15 | -18.34 | 102.23 | 3.61 | -26.18 | 95.14 | 1.64 | -26.79 | 72.63 | 0.19 | -13.64 | -13.64 | 13.85 | -10.01 | 63.52 | 141.14 | 13.07 | 20.48 | 62.89 | -7.65 | -51.42 | 36.72 | 16.16 | 224.65 | 19.72 | 6.48 | -4.46 |
| 24Q1 (18) | 1.18 | -38.54 | 13.46 | 21.06 | 2.28 | -2.77 | 8.16 | -5.01 | -9.93 | 11.96 | -39.93 | 17.25 | 9.98 | -39.7 | 19.09 | 4.89 | -42.81 | 11.14 | 2.24 | -42.27 | -0.44 | 0.22 | -4.35 | -15.38 | 15.39 | -34.2 | 19.21 | 124.82 | -0.22 | 20.63 | 68.10 | 57.8 | -23.21 | 31.61 | -44.39 | 179.54 | 18.52 | 0.0 | 2.55 |
| 23Q4 (17) | 1.92 | 186.57 | 62.71 | 20.59 | -3.7 | -12.9 | 8.59 | -2.39 | -30.78 | 19.91 | 152.99 | 80.51 | 16.55 | 179.09 | 88.07 | 8.55 | 169.72 | 62.55 | 3.88 | 160.4 | 45.86 | 0.23 | -4.17 | -20.69 | 23.39 | 117.18 | 73.39 | 125.10 | -1.22 | 21.0 | 43.16 | -61.4 | -61.69 | 56.84 | 580.97 | 549.32 | 18.52 | 2.89 | 15.03 |
| 23Q3 (16) | 0.67 | 71.79 | -35.58 | 21.38 | 4.75 | -4.77 | 8.80 | 27.72 | -13.3 | 7.87 | 47.93 | -22.99 | 5.93 | 47.15 | -28.55 | 3.17 | 71.35 | -34.5 | 1.49 | 56.84 | -38.68 | 0.24 | 9.09 | -14.29 | 10.77 | 27.15 | -16.51 | 126.65 | 8.11 | 20.93 | 111.82 | -13.63 | 12.61 | -11.82 | 59.88 | -1784.09 | 18.00 | -12.79 | 4.35 |
| 23Q2 (15) | 0.39 | -62.5 | -43.48 | 20.41 | -5.77 | -10.56 | 6.89 | -23.95 | -31.17 | 5.32 | -47.84 | -35.98 | 4.03 | -51.91 | -36.23 | 1.85 | -57.95 | -43.43 | 0.95 | -57.78 | -43.11 | 0.22 | -15.38 | -12.0 | 8.47 | -34.39 | -24.84 | 117.15 | 13.22 | 7.48 | 129.46 | 45.96 | 7.79 | -29.46 | -360.51 | -43.08 | 20.64 | 14.29 | 15.11 |
| 23Q1 (14) | 1.04 | -11.86 | -4.59 | 21.66 | -8.38 | -9.67 | 9.06 | -26.99 | -17.03 | 10.20 | -7.52 | -6.51 | 8.38 | -4.77 | -3.79 | 4.40 | -16.35 | -6.38 | 2.25 | -15.41 | -6.25 | 0.26 | -10.34 | -3.7 | 12.91 | -4.3 | -6.65 | 103.47 | 0.08 | 4.11 | 88.69 | -21.27 | -11.31 | 11.31 | 189.38 | 0 | 18.06 | 12.17 | 4.57 |
| 22Q4 (13) | 1.18 | 13.46 | -11.28 | 23.64 | 5.3 | 2.74 | 12.41 | 22.27 | 5.62 | 11.03 | 7.93 | -15.35 | 8.80 | 6.02 | -16.27 | 5.26 | 8.68 | -13.2 | 2.66 | 9.47 | -11.63 | 0.29 | 3.57 | 3.57 | 13.49 | 4.57 | -15.63 | 103.39 | -1.28 | 1.78 | 112.65 | 13.45 | 25.0 | -12.65 | -1902.71 | -228.04 | 16.10 | -6.67 | -5.79 |
| 22Q3 (12) | 1.04 | 50.72 | 4.0 | 22.45 | -1.62 | -6.54 | 10.15 | 1.4 | -4.87 | 10.22 | 22.98 | -1.83 | 8.30 | 31.33 | 0.12 | 4.84 | 48.01 | 1.68 | 2.43 | 45.51 | 7.52 | 0.28 | 12.0 | 3.7 | 12.90 | 14.46 | -4.09 | 104.73 | -3.92 | -5.9 | 99.30 | -17.32 | -3.39 | 0.70 | 103.41 | 129.47 | 17.25 | -3.79 | -0.12 |
| 22Q2 (11) | 0.69 | -36.7 | -18.82 | 22.82 | -4.84 | 4.25 | 10.01 | -8.33 | 30.85 | 8.31 | -23.83 | -6.63 | 6.32 | -27.44 | -12.71 | 3.27 | -30.43 | -12.33 | 1.67 | -30.42 | -7.22 | 0.25 | -7.41 | 4.17 | 11.27 | -18.51 | -8.6 | 109.00 | 9.67 | -9.9 | 120.10 | 20.1 | 39.75 | -20.59 | 0 | -246.41 | 17.93 | 3.82 | -4.48 |
| 22Q1 (10) | 1.09 | -18.05 | 6.86 | 23.98 | 4.22 | 2.0 | 10.92 | -7.06 | 17.04 | 10.91 | -16.27 | 11.33 | 8.71 | -17.13 | 10.39 | 4.70 | -22.44 | 4.44 | 2.40 | -20.27 | 10.09 | 0.27 | -3.57 | 0.0 | 13.83 | -13.51 | 6.96 | 99.39 | -2.16 | -9.59 | 100.00 | 10.96 | 5.43 | 0.00 | -100.0 | -100.0 | 17.27 | 1.05 | -0.17 |
| 21Q4 (9) | 1.33 | 33.0 | -2.21 | 23.01 | -4.2 | 0.39 | 11.75 | 10.12 | 5.19 | 13.03 | 25.17 | -1.06 | 10.51 | 26.78 | -1.96 | 6.06 | 27.31 | -4.57 | 3.01 | 33.19 | 3.08 | 0.28 | 3.7 | 3.7 | 15.99 | 18.88 | -2.38 | 101.58 | -8.73 | -13.19 | 90.12 | -12.32 | 6.41 | 9.88 | 514.97 | -35.46 | 17.09 | -1.04 | 6.08 |
| 21Q3 (8) | 1.00 | 17.65 | -6.54 | 24.02 | 9.73 | 10.13 | 10.67 | 39.48 | 20.43 | 10.41 | 16.97 | 0.58 | 8.29 | 14.5 | 0.36 | 4.76 | 27.61 | -10.36 | 2.26 | 25.56 | -3.42 | 0.27 | 12.5 | -3.57 | 13.45 | 9.08 | -0.22 | 111.30 | -7.99 | -13.95 | 102.78 | 19.6 | 20.31 | -2.38 | -116.93 | -116.34 | 17.27 | -7.99 | 5.89 |
| 21Q2 (7) | 0.85 | -16.67 | 10.39 | 21.89 | -6.89 | 8.85 | 7.65 | -18.01 | 13.33 | 8.90 | -9.18 | 3.85 | 7.24 | -8.24 | 2.84 | 3.73 | -17.11 | -2.86 | 1.80 | -17.43 | -1.1 | 0.24 | -11.11 | -4.0 | 12.33 | -4.64 | 0.98 | 120.97 | 10.04 | -12.37 | 85.94 | -9.4 | 9.49 | 14.06 | 197.87 | -34.63 | 18.77 | 8.5 | 0 |
| 21Q1 (6) | 1.02 | -25.0 | 82.14 | 23.51 | 2.57 | 14.74 | 9.33 | -16.47 | 48.1 | 9.80 | -25.59 | 63.06 | 7.89 | -26.4 | 69.31 | 4.50 | -29.13 | 70.45 | 2.18 | -25.34 | 56.83 | 0.27 | 0.0 | -3.57 | 12.93 | -21.06 | 32.34 | 109.93 | -6.05 | 9.25 | 94.85 | 12.0 | -9.46 | 4.72 | -69.16 | 199.14 | 17.30 | 7.39 | 0 |
| 20Q4 (5) | 1.36 | 27.1 | 9.68 | 22.92 | 5.09 | -7.54 | 11.17 | 26.07 | -0.27 | 13.17 | 27.25 | 12.09 | 10.72 | 29.78 | 12.84 | 6.35 | 19.59 | 4.27 | 2.92 | 24.79 | -1.68 | 0.27 | -3.57 | -10.0 | 16.38 | 21.51 | 6.09 | 117.01 | -9.54 | 12.16 | 84.69 | -0.86 | -11.32 | 15.31 | 5.04 | 214.43 | 16.11 | -1.23 | 0.88 |
| 20Q3 (4) | 1.07 | 38.96 | 0.0 | 21.81 | 8.45 | 0.0 | 8.86 | 31.26 | 0.0 | 10.35 | 20.77 | 0.0 | 8.26 | 17.33 | 0.0 | 5.31 | 38.28 | 0.0 | 2.34 | 28.57 | 0.0 | 0.28 | 12.0 | 0.0 | 13.48 | 10.4 | 0.0 | 129.35 | -6.3 | 0.0 | 85.43 | 8.84 | 0.0 | 14.57 | -32.25 | 0.0 | 16.31 | 0 | 0.0 |
| 20Q2 (3) | 0.77 | 37.5 | 0.0 | 20.11 | -1.85 | 0.0 | 6.75 | 7.14 | 0.0 | 8.57 | 42.6 | 0.0 | 7.04 | 51.07 | 0.0 | 3.84 | 45.45 | 0.0 | 1.82 | 30.94 | 0.0 | 0.25 | -10.71 | 0.0 | 12.21 | 24.97 | 0.0 | 138.05 | 37.2 | 0.0 | 78.49 | -25.08 | 0.0 | 21.51 | 551.74 | 0.0 | 0.00 | 0 | 0.0 |
| 20Q1 (2) | 0.56 | -54.84 | 0.0 | 20.49 | -17.35 | 0.0 | 6.30 | -43.75 | 0.0 | 6.01 | -48.85 | 0.0 | 4.66 | -50.95 | 0.0 | 2.64 | -56.65 | 0.0 | 1.39 | -53.2 | 0.0 | 0.28 | -6.67 | 0.0 | 9.77 | -36.72 | 0.0 | 100.62 | -3.55 | 0.0 | 104.76 | 9.69 | 0.0 | -4.76 | -197.8 | 0.0 | 0.00 | -100.0 | 0.0 |
| 19Q4 (1) | 1.24 | 0.0 | 0.0 | 24.79 | 0.0 | 0.0 | 11.20 | 0.0 | 0.0 | 11.75 | 0.0 | 0.0 | 9.50 | 0.0 | 0.0 | 6.09 | 0.0 | 0.0 | 2.97 | 0.0 | 0.0 | 0.30 | 0.0 | 0.0 | 15.44 | 0.0 | 0.0 | 104.32 | 0.0 | 0.0 | 95.51 | 0.0 | 0.0 | 4.87 | 0.0 | 0.0 | 15.97 | 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) | 3.93 | 1.03 | 21.03 | -9.43 | 8.38 | -23.33 | 2.62 | 10.12 | 11.07 | 8.74 | 8.93 | 10.38 | 17.71 | -1.01 | 8.55 | -6.35 | 0.92 | -15.6 | 14.13 | 9.45 | 125.10 | 21.0 | 75.71 | -29.56 | 24.29 | 0 | 0.08 | 61.72 | 18.74 | 9.65 |
| 2022 (9) | 3.89 | -3.47 | 23.22 | 0.35 | 10.93 | 9.96 | 2.38 | -15.29 | 10.18 | -4.14 | 8.09 | -5.38 | 17.89 | -5.09 | 9.13 | -1.83 | 1.09 | 2.83 | 12.91 | -6.11 | 103.39 | 1.78 | 107.48 | 14.87 | -7.39 | 0 | 0.05 | 9.44 | 17.09 | -2.73 |
| 2021 (8) | 4.03 | 7.75 | 23.14 | 8.13 | 9.94 | 18.62 | 2.81 | -8.05 | 10.62 | 9.94 | 8.55 | 9.9 | 18.85 | 6.14 | 9.30 | 6.53 | 1.06 | -1.85 | 13.75 | 5.12 | 101.58 | -13.19 | 93.57 | 7.88 | 6.33 | -51.84 | 0.04 | -4.19 | 17.57 | 2.09 |
| 2020 (7) | 3.74 | 24.67 | 21.40 | -1.11 | 8.38 | 21.98 | 3.05 | -17.07 | 9.66 | 26.61 | 7.78 | 27.33 | 17.76 | 20.0 | 8.73 | 15.17 | 1.08 | -9.24 | 13.08 | 12.08 | 117.01 | 12.16 | 86.74 | -3.71 | 13.15 | 32.47 | 0.05 | -32.3 | 17.21 | 3.36 |
| 2019 (6) | 3.00 | -7.98 | 21.64 | -1.23 | 6.87 | -10.08 | 3.68 | 30.98 | 7.63 | -8.62 | 6.11 | -8.4 | 14.80 | -10.3 | 7.58 | -9.76 | 1.19 | -0.83 | 11.67 | 0.95 | 104.32 | 0.59 | 90.08 | -1.5 | 9.92 | 18.04 | 0.07 | 17.25 | 16.65 | 6.73 |
| 2018 (5) | 3.26 | 28.35 | 21.91 | 6.57 | 7.64 | 23.42 | 2.81 | -11.04 | 8.35 | 18.61 | 6.67 | 15.2 | 16.50 | 24.62 | 8.40 | 25.56 | 1.20 | 10.09 | 11.56 | 8.85 | 103.71 | -3.38 | 91.45 | 3.82 | 8.41 | -29.47 | 0.06 | 0 | 15.60 | -2.8 |
| 2017 (4) | 2.54 | -17.26 | 20.56 | -3.93 | 6.19 | -14.5 | 3.16 | -5.73 | 7.04 | -19.36 | 5.79 | -17.76 | 13.24 | -18.27 | 6.69 | -13.34 | 1.09 | 3.81 | 10.62 | -15.38 | 107.34 | -3.11 | 88.08 | 6.39 | 11.92 | -30.03 | 0.00 | 0 | 16.05 | -1.53 |
| 2016 (3) | 3.07 | 27.39 | 21.40 | 5.99 | 7.24 | 32.36 | 3.35 | -3.04 | 8.73 | 28.76 | 7.04 | 26.62 | 16.20 | 22.54 | 7.72 | 26.35 | 1.05 | 2.94 | 12.55 | 16.2 | 110.79 | -14.97 | 82.79 | 2.73 | 17.04 | -12.22 | 0.00 | 0 | 16.30 | 2.07 |
| 2015 (2) | 2.41 | 59.6 | 20.19 | -3.95 | 5.47 | 42.08 | 3.45 | 8.85 | 6.78 | 51.34 | 5.56 | 47.48 | 13.22 | 52.83 | 6.11 | 42.42 | 1.02 | 0.0 | 10.80 | 30.91 | 130.30 | -4.11 | 80.59 | -6.27 | 19.41 | 38.47 | 0.00 | 0 | 15.97 | 2.83 |
| 2014 (1) | 1.51 | -41.7 | 21.02 | 0 | 3.85 | 0 | 3.17 | 32.51 | 4.48 | 0 | 3.77 | 0 | 8.65 | 0 | 4.29 | 0 | 1.02 | -2.86 | 8.25 | -21.73 | 135.89 | 18.02 | 85.98 | 13.68 | 14.02 | -42.47 | 0.00 | 0 | 15.53 | 2.51 |
