- 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) | 1.48 | -6.92 | -6.92 | 13.56 | -5.17 | -1.45 | 9.15 | -8.32 | -5.67 | 8.87 | -12.0 | -7.89 | 7.36 | -2.77 | -5.76 | 3.53 | -9.95 | -7.35 | 2.10 | -5.83 | -1.41 | 0.27 | -3.57 | 0.0 | 12.13 | -8.73 | -7.05 | 75.01 | -8.41 | -17.03 | 103.11 | 4.18 | 2.33 | -3.11 | -422.45 | -308.62 | 5.93 | 4.22 | 6.08 |
| 24Q2 (19) | 1.59 | 6.0 | 6.71 | 14.30 | 4.38 | 10.17 | 9.98 | 5.39 | 12.64 | 10.08 | 6.44 | 8.5 | 7.57 | 1.61 | 9.71 | 3.92 | 7.1 | 1.29 | 2.23 | 6.7 | 3.72 | 0.28 | 7.69 | -3.45 | 13.29 | 3.83 | 5.64 | 81.90 | -12.34 | -12.47 | 98.97 | -1.03 | 3.78 | 0.96 | 0 | -79.17 | 5.69 | -4.53 | 9.0 |
| 24Q1 (18) | 1.50 | -18.48 | -3.23 | 13.70 | -8.48 | -9.27 | 9.47 | -6.79 | -11.82 | 9.47 | -6.42 | -8.94 | 7.45 | -9.37 | -10.78 | 3.66 | -18.12 | -9.18 | 2.09 | -17.72 | -6.28 | 0.26 | -10.34 | 4.0 | 12.80 | -2.66 | -9.09 | 93.43 | 15.45 | -6.74 | 100.00 | -0.42 | -3.21 | 0.00 | 100.0 | 100.0 | 5.96 | 0.17 | -0.33 |
| 23Q4 (17) | 1.84 | 15.72 | 61.4 | 14.97 | 8.79 | 11.55 | 10.16 | 4.74 | 11.16 | 10.12 | 5.09 | 14.48 | 8.22 | 5.25 | 38.15 | 4.47 | 17.32 | 52.56 | 2.54 | 19.25 | 53.01 | 0.29 | 7.41 | 16.0 | 13.15 | 0.77 | 5.96 | 80.93 | -10.49 | -9.48 | 100.42 | -0.34 | -2.94 | -0.42 | 44.93 | 87.9 | 5.95 | 6.44 | 7.79 |
| 23Q3 (16) | 1.59 | 6.71 | 114.86 | 13.76 | 6.01 | 61.31 | 9.70 | 9.48 | 99.59 | 9.63 | 3.66 | 94.55 | 7.81 | 13.19 | 107.71 | 3.81 | -1.55 | 95.38 | 2.13 | -0.93 | 95.41 | 0.27 | -6.9 | 3.85 | 13.05 | 3.74 | 57.23 | 90.41 | -3.38 | -11.17 | 100.76 | 5.65 | 2.62 | -0.76 | -116.43 | -141.96 | 5.59 | 7.09 | 7.09 |
| 23Q2 (15) | 1.49 | -3.87 | -18.58 | 12.98 | -14.04 | -9.04 | 8.86 | -17.5 | -17.04 | 9.29 | -10.67 | -14.61 | 6.90 | -17.37 | -16.46 | 3.87 | -3.97 | -21.98 | 2.15 | -3.59 | -12.96 | 0.29 | 16.0 | 0.0 | 12.58 | -10.65 | -8.11 | 93.57 | -6.6 | -10.21 | 95.37 | -7.69 | -2.81 | 4.63 | 239.46 | 147.58 | 5.22 | -12.71 | 5.24 |
| 23Q1 (14) | 1.55 | 35.96 | -11.93 | 15.10 | 12.52 | 10.54 | 10.74 | 17.51 | 11.41 | 10.40 | 17.65 | -0.95 | 8.35 | 40.34 | -1.53 | 4.03 | 37.54 | -12.2 | 2.23 | 34.34 | -6.3 | 0.25 | 0.0 | -7.41 | 14.08 | 13.46 | 3.99 | 100.18 | 12.05 | -9.08 | 103.32 | -0.14 | 12.56 | -3.32 | 4.13 | -140.75 | 5.98 | 8.33 | 12.62 |
| 22Q4 (13) | 1.14 | 54.05 | -25.49 | 13.42 | 57.33 | -9.93 | 9.14 | 88.07 | -17.21 | 8.84 | 78.59 | -20.86 | 5.95 | 58.24 | -35.61 | 2.93 | 50.26 | -44.51 | 1.66 | 52.29 | -41.96 | 0.25 | -3.85 | -16.67 | 12.41 | 49.52 | -10.66 | 89.41 | -12.15 | 3.56 | 103.46 | 5.37 | 4.71 | -3.46 | -290.95 | -390.51 | 5.52 | 5.75 | 11.52 |
| 22Q3 (12) | 0.74 | -59.56 | -43.08 | 8.53 | -40.22 | -48.74 | 4.86 | -54.49 | -59.63 | 4.95 | -54.5 | -60.75 | 3.76 | -54.48 | -61.2 | 1.95 | -60.69 | -59.54 | 1.09 | -55.87 | -60.36 | 0.26 | -10.34 | -7.14 | 8.30 | -39.37 | -47.7 | 101.78 | -2.33 | 11.48 | 98.19 | 0.06 | 2.92 | 1.81 | -3.03 | -60.09 | 5.22 | 5.24 | -10.77 |
| 22Q2 (11) | 1.83 | 3.98 | 32.61 | 14.27 | 4.47 | -9.57 | 10.68 | 10.79 | -11.22 | 10.88 | 3.62 | -12.26 | 8.26 | -2.59 | -18.06 | 4.96 | 8.06 | -1.0 | 2.47 | 3.78 | -20.58 | 0.29 | 7.41 | -3.33 | 13.69 | 1.11 | -10.35 | 104.21 | -5.42 | 48.85 | 98.13 | 6.91 | 1.13 | 1.87 | -77.05 | -38.17 | 4.96 | -6.59 | 1.85 |
| 22Q1 (10) | 1.76 | 15.03 | 27.54 | 13.66 | -8.32 | -21.85 | 9.64 | -12.68 | -26.91 | 10.50 | -6.0 | -26.11 | 8.48 | -8.23 | -26.64 | 4.59 | -13.07 | -10.87 | 2.38 | -16.78 | -27.66 | 0.27 | -10.0 | -3.57 | 13.54 | -2.52 | -22.94 | 110.18 | 27.61 | 90.26 | 91.79 | -7.1 | -1.17 | 8.15 | 583.47 | 14.41 | 5.31 | 7.27 | -6.84 |
| 21Q4 (9) | 1.53 | 17.69 | -1.92 | 14.90 | -10.46 | -18.45 | 11.04 | -8.31 | -14.42 | 11.17 | -11.42 | -20.44 | 9.24 | -4.64 | -25.78 | 5.28 | 9.54 | -12.15 | 2.86 | 4.0 | -21.21 | 0.30 | 7.14 | 3.45 | 13.89 | -12.48 | -20.13 | 86.34 | -5.43 | 43.14 | 98.81 | 3.57 | 7.52 | 1.19 | -73.77 | -85.19 | 4.95 | -15.38 | -20.55 |
| 21Q3 (8) | 1.30 | -5.8 | 64.56 | 16.64 | 5.45 | 6.33 | 12.04 | 0.08 | 15.99 | 12.61 | 1.69 | 17.3 | 9.69 | -3.87 | 26.67 | 4.82 | -3.79 | 48.77 | 2.75 | -11.58 | 51.93 | 0.28 | -6.67 | 21.74 | 15.87 | 3.93 | 5.1 | 91.30 | 30.41 | 18.56 | 95.40 | -1.68 | -1.24 | 4.54 | 50.24 | 33.66 | 5.85 | 20.12 | -4.57 |
| 21Q2 (7) | 1.38 | 0.0 | 97.14 | 15.78 | -9.73 | 13.61 | 12.03 | -8.79 | 33.37 | 12.40 | -12.74 | 33.05 | 10.08 | -12.8 | 40.59 | 5.01 | -2.72 | 68.12 | 3.11 | -5.47 | 90.8 | 0.30 | 7.14 | 42.86 | 15.27 | -13.09 | 9.31 | 70.01 | 20.89 | -26.25 | 97.03 | 4.47 | 0.22 | 3.02 | -57.53 | -5.05 | 4.87 | -14.56 | 0 |
| 21Q1 (6) | 1.38 | -11.54 | 187.5 | 17.48 | -4.32 | 33.33 | 13.19 | 2.25 | 61.44 | 14.21 | 1.21 | 113.36 | 11.56 | -7.15 | 148.07 | 5.15 | -14.31 | 181.42 | 3.29 | -9.37 | 216.35 | 0.28 | -3.45 | 40.0 | 17.57 | 1.04 | 50.69 | 57.91 | -4.0 | -38.69 | 92.88 | 1.07 | -24.18 | 7.12 | -11.5 | 131.64 | 5.70 | -8.51 | -13.51 |
| 20Q4 (5) | 1.56 | 97.47 | 239.13 | 18.27 | 16.74 | 66.09 | 12.90 | 24.28 | 106.73 | 14.04 | 30.6 | 137.16 | 12.45 | 62.75 | 202.92 | 6.01 | 85.49 | 216.32 | 3.63 | 100.55 | 242.45 | 0.29 | 26.09 | 26.09 | 17.39 | 15.17 | 68.34 | 60.32 | -21.67 | -37.33 | 91.90 | -4.87 | -12.86 | 8.04 | 136.68 | 247.26 | 6.23 | 1.63 | 12.66 |
| 20Q3 (4) | 0.79 | 12.86 | 0.0 | 15.65 | 12.67 | 0.0 | 10.38 | 15.08 | 0.0 | 10.75 | 15.34 | 0.0 | 7.65 | 6.69 | 0.0 | 3.24 | 8.72 | 0.0 | 1.81 | 11.04 | 0.0 | 0.23 | 9.52 | 0.0 | 15.10 | 8.09 | 0.0 | 77.01 | -18.88 | 0.0 | 96.60 | -0.22 | 0.0 | 3.40 | 6.73 | 0.0 | 6.13 | 0 | 0.0 |
| 20Q2 (3) | 0.70 | 45.83 | 0.0 | 13.89 | 5.95 | 0.0 | 9.02 | 10.4 | 0.0 | 9.32 | 39.94 | 0.0 | 7.17 | 53.86 | 0.0 | 2.98 | 62.84 | 0.0 | 1.63 | 56.73 | 0.0 | 0.21 | 5.0 | 0.0 | 13.97 | 19.81 | 0.0 | 94.93 | 0.51 | 0.0 | 96.82 | -20.97 | 0.0 | 3.18 | 114.15 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | 0.48 | 4.35 | 0.0 | 13.11 | 19.18 | 0.0 | 8.17 | 30.93 | 0.0 | 6.66 | 12.5 | 0.0 | 4.66 | 13.38 | 0.0 | 1.83 | -3.68 | 0.0 | 1.04 | -1.89 | 0.0 | 0.20 | -13.04 | 0.0 | 11.66 | 12.88 | 0.0 | 94.45 | -1.87 | 0.0 | 122.50 | 16.15 | 0.0 | -22.50 | -311.88 | 0.0 | 6.59 | 19.17 | 0.0 |
| 19Q4 (1) | 0.46 | 0.0 | 0.0 | 11.00 | 0.0 | 0.0 | 6.24 | 0.0 | 0.0 | 5.92 | 0.0 | 0.0 | 4.11 | 0.0 | 0.0 | 1.90 | 0.0 | 0.0 | 1.06 | 0.0 | 0.0 | 0.23 | 0.0 | 0.0 | 10.33 | 0.0 | 0.0 | 96.25 | 0.0 | 0.0 | 105.46 | 0.0 | 0.0 | -5.46 | 0.0 | 0.0 | 5.53 | 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) | 6.48 | 18.46 | 14.18 | 13.17 | 9.84 | 13.76 | 2.57 | -0.22 | 9.85 | 11.05 | 7.81 | 16.74 | 15.68 | 14.62 | 9.10 | 17.88 | 1.10 | 0.92 | 13.19 | 9.46 | 80.93 | -9.48 | 99.95 | 2.51 | 0.05 | -98.02 | 0.30 | -8.83 | 5.68 | 8.4 |
| 2022 (9) | 5.47 | -8.07 | 12.53 | -22.22 | 8.65 | -27.98 | 2.58 | -3.77 | 8.87 | -29.04 | 6.69 | -33.57 | 13.68 | -33.66 | 7.72 | -36.2 | 1.09 | -7.63 | 12.05 | -22.41 | 89.41 | 3.56 | 97.50 | 1.52 | 2.52 | -36.37 | 0.33 | -2.65 | 5.24 | -1.5 |
| 2021 (8) | 5.95 | 69.03 | 16.11 | 4.27 | 12.01 | 16.49 | 2.68 | -26.39 | 12.50 | 19.39 | 10.07 | 21.33 | 20.62 | 50.73 | 12.10 | 50.31 | 1.18 | 26.88 | 15.53 | 5.36 | 86.34 | 43.14 | 96.04 | -2.46 | 3.96 | 161.39 | 0.34 | -8.51 | 5.32 | -14.47 |
| 2020 (7) | 3.52 | 125.64 | 15.45 | 67.75 | 10.31 | 119.36 | 3.64 | 3.47 | 10.47 | 121.35 | 8.30 | 139.19 | 13.68 | 112.09 | 8.05 | 115.82 | 0.93 | 0.0 | 14.74 | 60.74 | 60.32 | -37.33 | 98.46 | -0.84 | 1.51 | 100.86 | 0.37 | -1.13 | 6.22 | 18.25 |
| 2019 (6) | 1.56 | 77.27 | 9.21 | 10.17 | 4.70 | 46.42 | 3.52 | 6.96 | 4.73 | 49.68 | 3.47 | 54.91 | 6.45 | 74.32 | 3.73 | 56.72 | 0.93 | 4.49 | 9.17 | 27.36 | 96.25 | -5.86 | 99.29 | -2.26 | 0.75 | 0 | 0.37 | -3.63 | 5.26 | -0.75 |
| 2018 (5) | 0.88 | -48.84 | 8.36 | -30.16 | 3.21 | -44.66 | 3.29 | -10.28 | 3.16 | -49.84 | 2.24 | -58.21 | 3.70 | -48.25 | 2.38 | -48.03 | 0.89 | 8.54 | 7.20 | -31.23 | 102.24 | 42.32 | 101.59 | 10.25 | -1.59 | 0 | 0.39 | 0 | 5.30 | -18.96 |
| 2017 (4) | 1.72 | 15.44 | 11.97 | 1.61 | 5.80 | -2.03 | 3.66 | -22.72 | 6.30 | -5.55 | 5.36 | -8.69 | 7.15 | 12.6 | 4.58 | 7.01 | 0.82 | 18.84 | 10.47 | -12.16 | 71.84 | 29.68 | 92.15 | 3.88 | 7.85 | -30.84 | 0.00 | 0 | 6.54 | -12.8 |
| 2016 (3) | 1.49 | 17.32 | 11.78 | 20.57 | 5.92 | 21.56 | 4.74 | 25.92 | 6.67 | 36.68 | 5.87 | 46.38 | 6.35 | 17.81 | 4.28 | 19.55 | 0.69 | -16.87 | 11.92 | 31.71 | 55.40 | -1.69 | 88.70 | -11.06 | 11.36 | 4200.91 | 0.00 | 0 | 7.50 | 27.77 |
| 2015 (2) | 1.27 | 19.81 | 9.77 | 21.37 | 4.87 | 28.84 | 3.76 | 16.08 | 4.88 | 36.31 | 4.01 | 36.86 | 5.39 | 19.25 | 3.58 | 20.54 | 0.83 | -9.78 | 9.05 | 23.63 | 56.35 | -14.01 | 99.74 | -5.49 | 0.26 | 0 | 0.00 | 0 | 5.87 | 16.01 |
| 2014 (1) | 1.06 | -50.0 | 8.05 | 0 | 3.78 | 0 | 3.24 | -8.37 | 3.58 | 0 | 2.93 | 0 | 4.52 | 0 | 2.97 | 0 | 0.92 | 5.75 | 7.32 | -33.58 | 65.53 | -8.59 | 105.53 | 16.92 | -5.53 | 0 | 0.00 | 0 | 5.06 | -6.81 |
