- 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) | 1.28 | -7.91 | -14.09 | 28.49 | 0.81 | -1.66 | 12.95 | 13.4 | 5.54 | 11.21 | -25.51 | -29.27 | 8.66 | -16.0 | -26.11 | 4.80 | -6.43 | -22.08 | 2.49 | -9.45 | -20.45 | 0.28 | 7.69 | 7.69 | 14.56 | -22.06 | -28.1 | 89.39 | -16.52 | 5.41 | 115.49 | 52.06 | 49.22 | -15.49 | -163.91 | -168.51 | 20.76 | -9.38 | -6.86 |
| 24Q2 (19) | 1.39 | 16.81 | -19.19 | 28.26 | 8.19 | 0.39 | 11.42 | 27.17 | -7.98 | 15.05 | 10.91 | -8.45 | 10.31 | -3.37 | -21.66 | 5.13 | 17.12 | -34.73 | 2.75 | 7.42 | -26.27 | 0.26 | 8.33 | -7.14 | 18.68 | 4.88 | -11.09 | 107.08 | 46.16 | -13.63 | 75.95 | 14.61 | 0.58 | 24.23 | -28.17 | -1.05 | 22.91 | -6.79 | 2.09 |
| 24Q1 (18) | 1.19 | 29.35 | 7.21 | 26.12 | -6.31 | -1.25 | 8.98 | -21.02 | -20.6 | 13.57 | 35.84 | 14.61 | 10.67 | 46.16 | 18.03 | 4.38 | 31.14 | -15.77 | 2.56 | 33.33 | 4.92 | 0.24 | -4.0 | -7.69 | 17.81 | 25.07 | 7.16 | 73.26 | -1.99 | -31.91 | 66.27 | -41.77 | -30.69 | 33.73 | 344.39 | 667.47 | 24.58 | 10.92 | 5.31 |
| 23Q4 (17) | 0.92 | -38.26 | -17.12 | 27.88 | -3.76 | 14.45 | 11.37 | -7.33 | 17.58 | 9.99 | -36.97 | -3.01 | 7.30 | -37.71 | -0.95 | 3.34 | -45.78 | -39.49 | 1.92 | -38.66 | -19.67 | 0.25 | -3.85 | -19.35 | 14.24 | -29.68 | 1.5 | 74.75 | -11.85 | -44.36 | 113.80 | 47.04 | 21.25 | -13.80 | -161.06 | -324.88 | 22.16 | -0.58 | -3.57 |
| 23Q3 (16) | 1.49 | -13.37 | 4.93 | 28.97 | 2.91 | 20.71 | 12.27 | -1.13 | 36.33 | 15.85 | -3.59 | 24.12 | 11.72 | -10.94 | 20.58 | 6.16 | -21.63 | -17.87 | 3.13 | -16.09 | 0.97 | 0.26 | -7.14 | -16.13 | 20.25 | -3.62 | 22.21 | 84.80 | -31.6 | -41.71 | 77.39 | 2.5 | 9.76 | 22.61 | -7.69 | -23.34 | 22.29 | -0.67 | -5.35 |
| 23Q2 (15) | 1.72 | 54.95 | 43.33 | 28.15 | 6.43 | 24.61 | 12.41 | 9.73 | 46.0 | 16.44 | 38.85 | 53.5 | 13.16 | 45.58 | 52.67 | 7.86 | 51.15 | 19.82 | 3.73 | 52.87 | 37.64 | 0.28 | 7.69 | -9.68 | 21.01 | 26.41 | 42.93 | 123.98 | 15.22 | -18.75 | 75.51 | -21.02 | -4.85 | 24.49 | 457.14 | 18.63 | 22.44 | -3.86 | -14.97 |
| 23Q1 (14) | 1.11 | 0.0 | 81.97 | 26.45 | 8.58 | 42.2 | 11.31 | 16.96 | 173.19 | 11.84 | 14.95 | 90.35 | 9.04 | 22.66 | 84.49 | 5.20 | -5.8 | 52.05 | 2.44 | 2.09 | 73.05 | 0.26 | -16.13 | -7.14 | 16.62 | 18.46 | 56.35 | 107.60 | -19.91 | -25.01 | 95.60 | 1.86 | 43.78 | 4.40 | -28.39 | -86.88 | 23.34 | 1.57 | -19.57 |
| 22Q4 (13) | 1.11 | -21.83 | 60.87 | 24.36 | 1.5 | 24.99 | 9.67 | 7.44 | 63.9 | 10.30 | -19.34 | 56.77 | 7.37 | -24.18 | 58.15 | 5.52 | -26.4 | 35.96 | 2.39 | -22.9 | 51.27 | 0.31 | 0.0 | -6.06 | 14.03 | -15.33 | 36.08 | 134.35 | -7.64 | -17.95 | 93.86 | 33.11 | 4.53 | 6.14 | -79.18 | -39.85 | 22.98 | -2.42 | -23.12 |
| 22Q3 (12) | 1.42 | 18.33 | 305.71 | 24.00 | 6.24 | 28.14 | 9.00 | 5.88 | 163.16 | 12.77 | 19.23 | 171.13 | 9.72 | 12.76 | 281.18 | 7.50 | 14.33 | 276.88 | 3.10 | 14.39 | 269.05 | 0.31 | 0.0 | 0.0 | 16.57 | 12.72 | 91.56 | 145.47 | -4.67 | -13.89 | 70.51 | -11.14 | -2.82 | 29.49 | 42.84 | 7.46 | 23.55 | -10.76 | -11.13 |
| 22Q2 (11) | 1.20 | 96.72 | 300.0 | 22.59 | 21.45 | 19.4 | 8.50 | 105.31 | 340.41 | 10.71 | 72.19 | 419.9 | 8.62 | 75.92 | 286.55 | 6.56 | 91.81 | 315.19 | 2.71 | 92.2 | 271.23 | 0.31 | 10.71 | 3.33 | 14.70 | 38.29 | 138.64 | 152.60 | 6.35 | 8.8 | 79.36 | 19.34 | -15.68 | 20.64 | -38.39 | 250.94 | 26.39 | -9.06 | -2.08 |
| 22Q1 (10) | 0.61 | -11.59 | 64.86 | 18.60 | -4.57 | 6.53 | 4.14 | -29.83 | 107.0 | 6.22 | -5.33 | 74.23 | 4.90 | 5.15 | 60.13 | 3.42 | -15.76 | 71.0 | 1.41 | -10.76 | 51.61 | 0.28 | -15.15 | -3.45 | 10.63 | 3.1 | 33.71 | 143.49 | -12.37 | 13.65 | 66.49 | -25.95 | 17.73 | 33.51 | 228.35 | -24.61 | 29.02 | -2.91 | 2.47 |
| 21Q4 (9) | 0.69 | 97.14 | 13.11 | 19.49 | 4.06 | -6.66 | 5.90 | 72.51 | -10.88 | 6.57 | 39.49 | 13.28 | 4.66 | 82.75 | 4.02 | 4.06 | 104.02 | 20.12 | 1.58 | 88.1 | 3.95 | 0.33 | 6.45 | 0.0 | 10.31 | 19.19 | 8.99 | 163.75 | -3.07 | 29.15 | 89.80 | 23.75 | -21.38 | 10.20 | -62.81 | 171.79 | 29.89 | 12.79 | 8.49 |
| 21Q3 (8) | 0.35 | 16.67 | -61.96 | 18.73 | -1.0 | -24.99 | 3.42 | 77.2 | -67.74 | 4.71 | 128.64 | -50.21 | 2.55 | 14.35 | -61.13 | 1.99 | 25.95 | -63.42 | 0.84 | 15.07 | -65.29 | 0.31 | 3.33 | -13.89 | 8.65 | 40.42 | -32.79 | 168.94 | 20.45 | 30.43 | 72.56 | -22.9 | -35.37 | 27.44 | 366.46 | 329.12 | 26.50 | -1.67 | 20.18 |
| 21Q2 (7) | 0.30 | -18.92 | -79.73 | 18.92 | 8.36 | -26.35 | 1.93 | -3.5 | -83.82 | 2.06 | -42.3 | -82.88 | 2.23 | -27.12 | -78.33 | 1.58 | -21.0 | -82.03 | 0.73 | -21.51 | -82.28 | 0.30 | 3.45 | -25.0 | 6.16 | -22.52 | -59.45 | 140.26 | 11.09 | 7.88 | 94.12 | 66.63 | -5.23 | 5.88 | -86.76 | 536.76 | 26.95 | -4.84 | 18.67 |
| 21Q1 (6) | 0.37 | -39.34 | -5.13 | 17.46 | -16.38 | -18.37 | 2.00 | -69.79 | -47.23 | 3.57 | -38.45 | -35.21 | 3.06 | -31.7 | -28.84 | 2.00 | -40.83 | -11.89 | 0.93 | -38.82 | -16.96 | 0.29 | -12.12 | 16.0 | 7.95 | -15.96 | -25.21 | 126.26 | -0.42 | 22.86 | 56.48 | -50.55 | -17.6 | 44.44 | 412.7 | 41.31 | 28.32 | 2.79 | 19.19 |
| 20Q4 (5) | 0.61 | -33.7 | -29.89 | 20.88 | -16.38 | -10.81 | 6.62 | -37.55 | -22.03 | 5.80 | -38.69 | -39.46 | 4.48 | -31.71 | -32.73 | 3.38 | -37.87 | -35.5 | 1.52 | -37.19 | -38.21 | 0.33 | -8.33 | -8.33 | 9.46 | -26.5 | -28.06 | 126.79 | -2.12 | 2.9 | 114.21 | 1.73 | 29.06 | -14.21 | -18.68 | -223.58 | 27.55 | 24.94 | 22.06 |
| 20Q3 (4) | 0.92 | -37.84 | 0.0 | 24.97 | -2.8 | 0.0 | 10.60 | -11.15 | 0.0 | 9.46 | -21.36 | 0.0 | 6.56 | -36.25 | 0.0 | 5.44 | -38.11 | 0.0 | 2.42 | -41.26 | 0.0 | 0.36 | -10.0 | 0.0 | 12.87 | -15.27 | 0.0 | 129.53 | -0.38 | 0.0 | 112.28 | 13.06 | 0.0 | -11.98 | -1396.41 | 0.0 | 22.05 | -2.91 | 0.0 |
| 20Q2 (3) | 1.48 | 279.49 | 0.0 | 25.69 | 20.1 | 0.0 | 11.93 | 214.78 | 0.0 | 12.03 | 118.33 | 0.0 | 10.29 | 139.3 | 0.0 | 8.79 | 287.22 | 0.0 | 4.12 | 267.86 | 0.0 | 0.40 | 60.0 | 0.0 | 15.19 | 42.9 | 0.0 | 130.02 | 26.52 | 0.0 | 99.31 | 44.87 | 0.0 | 0.92 | -97.06 | 0.0 | 22.71 | -4.42 | 0.0 |
| 20Q1 (2) | 0.39 | -55.17 | 0.0 | 21.39 | -8.63 | 0.0 | 3.79 | -55.36 | 0.0 | 5.51 | -42.48 | 0.0 | 4.30 | -35.44 | 0.0 | 2.27 | -56.68 | 0.0 | 1.12 | -54.47 | 0.0 | 0.25 | -30.56 | 0.0 | 10.63 | -19.16 | 0.0 | 102.77 | -16.6 | 0.0 | 68.55 | -22.54 | 0.0 | 31.45 | 173.45 | 0.0 | 23.76 | 5.27 | 0.0 |
| 19Q4 (1) | 0.87 | 0.0 | 0.0 | 23.41 | 0.0 | 0.0 | 8.49 | 0.0 | 0.0 | 9.58 | 0.0 | 0.0 | 6.66 | 0.0 | 0.0 | 5.24 | 0.0 | 0.0 | 2.46 | 0.0 | 0.0 | 0.36 | 0.0 | 0.0 | 13.15 | 0.0 | 0.0 | 123.22 | 0.0 | 0.0 | 88.50 | 0.0 | 0.0 | 11.50 | 0.0 | 0.0 | 22.57 | 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) | 5.16 | 18.89 | 27.89 | 23.68 | 11.85 | 48.5 | 3.11 | 19.6 | 13.56 | 33.73 | 10.33 | 33.46 | 21.48 | -5.62 | 11.06 | 16.54 | 1.04 | -12.61 | 18.06 | 28.09 | 74.75 | -44.36 | 87.33 | 10.99 | 12.61 | -40.83 | 0.19 | -14.09 | 22.55 | -10.9 |
| 2022 (9) | 4.34 | 153.8 | 22.55 | 20.59 | 7.98 | 133.33 | 2.60 | -7.6 | 10.14 | 134.72 | 7.74 | 144.16 | 22.76 | 137.58 | 9.49 | 130.34 | 1.19 | -4.03 | 14.10 | 69.06 | 134.35 | -17.95 | 78.68 | -0.8 | 21.32 | 2.22 | 0.22 | 6.27 | 25.31 | -9.45 |
| 2021 (8) | 1.71 | -49.56 | 18.70 | -20.29 | 3.42 | -60.78 | 2.82 | -8.86 | 4.32 | -49.3 | 3.17 | -52.4 | 9.58 | -50.39 | 4.12 | -53.02 | 1.24 | -3.88 | 8.34 | -31.75 | 163.75 | 29.15 | 79.32 | -22.53 | 20.85 | 0 | 0.21 | -16.49 | 27.95 | 16.46 |
| 2020 (7) | 3.39 | 25.09 | 23.46 | 6.06 | 8.72 | 29.19 | 3.09 | -9.69 | 8.52 | 9.23 | 6.66 | 14.04 | 19.31 | 18.68 | 8.77 | 14.64 | 1.29 | 1.57 | 12.22 | 3.56 | 126.79 | 2.9 | 102.39 | 18.39 | -2.39 | 0 | 0.25 | 23.97 | 24.00 | 6.19 |
| 2019 (6) | 2.71 | 12.45 | 22.12 | 10.21 | 6.75 | 34.19 | 3.42 | 43.66 | 7.80 | 19.08 | 5.84 | 14.96 | 16.27 | 11.29 | 7.65 | 9.29 | 1.27 | -5.93 | 11.80 | 23.3 | 123.22 | 5.55 | 86.48 | 12.63 | 13.41 | -42.25 | 0.20 | -24.75 | 22.60 | -0.88 |
| 2018 (5) | 2.41 | -8.02 | 20.07 | -10.48 | 5.03 | -27.21 | 2.38 | 0.29 | 6.55 | -14.82 | 5.08 | -16.17 | 14.62 | -9.19 | 7.00 | -10.83 | 1.35 | 6.3 | 9.57 | -10.23 | 116.74 | 5.03 | 76.79 | -14.48 | 23.21 | 127.28 | 0.27 | 0 | 22.80 | 3.5 |
| 2017 (4) | 2.62 | 14.91 | 22.42 | -0.04 | 6.91 | 6.31 | 2.38 | -2.71 | 7.69 | -1.28 | 6.06 | 12.01 | 16.10 | 12.27 | 7.85 | 5.09 | 1.27 | -5.22 | 10.66 | -1.66 | 111.15 | 4.54 | 89.79 | 7.61 | 10.21 | -37.9 | 0.00 | 0 | 22.03 | -1.03 |
| 2016 (3) | 2.28 | 28.81 | 22.43 | 10.38 | 6.50 | 49.77 | 2.44 | -8.93 | 7.79 | 34.78 | 5.41 | 21.85 | 14.34 | 27.24 | 7.47 | 21.86 | 1.34 | -1.47 | 10.84 | 21.39 | 106.32 | 21.18 | 83.43 | 10.99 | 16.45 | -34.21 | 0.00 | 0 | 22.26 | -4.71 |
| 2015 (2) | 1.77 | 17.22 | 20.32 | -0.83 | 4.34 | -0.91 | 2.68 | -6.73 | 5.78 | 4.9 | 4.44 | 9.63 | 11.27 | 11.92 | 6.13 | 10.05 | 1.36 | 0.74 | 8.93 | -0.89 | 87.74 | 3.27 | 75.17 | -5.59 | 25.00 | 21.53 | 0.00 | 0 | 23.36 | -3.95 |
| 2014 (1) | 1.51 | 23.77 | 20.49 | 0 | 4.38 | 0 | 2.87 | -14.33 | 5.51 | 0 | 4.05 | 0 | 10.07 | 0 | 5.57 | 0 | 1.35 | 7.14 | 9.01 | -3.74 | 84.96 | 2.78 | 79.62 | -8.56 | 20.57 | 59.16 | 0.00 | 0 | 24.32 | -2.17 |
