- 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) | 1.45 | 123.08 | -5.84 | 35.14 | -3.49 | 5.91 | 15.17 | -8.56 | 8.82 | 34.88 | 99.43 | 1.42 | 31.37 | 124.55 | 0.77 | 4.91 | 112.55 | -4.29 | 2.90 | 113.24 | -4.29 | 0.09 | 0.0 | 0.0 | 77.24 | 31.05 | 2.85 | 72.76 | -7.88 | 1.52 | 43.28 | -54.48 | 6.69 | 56.30 | 1044.82 | -5.27 | 12.50 | 1.38 | 7.11 |
| 24Q2 (19) | 0.65 | 27.45 | 0.0 | 36.41 | 6.18 | 1.25 | 16.59 | 19.87 | 0.42 | 17.49 | 17.3 | -1.46 | 13.97 | 20.02 | 0.0 | 2.31 | 26.92 | -1.7 | 1.36 | 21.43 | -2.16 | 0.09 | 0.0 | 0.0 | 58.94 | 2.31 | 0.27 | 78.98 | -6.79 | 1.05 | 95.08 | 2.16 | 2.27 | 4.92 | -29.04 | -30.05 | 12.33 | -4.2 | 6.29 |
| 24Q1 (18) | 0.51 | -19.05 | -10.53 | 34.29 | 0.94 | 1.15 | 13.84 | -12.24 | -5.85 | 14.91 | -10.67 | -4.91 | 11.64 | -11.01 | -5.98 | 1.82 | -14.15 | -9.0 | 1.12 | -16.42 | -8.94 | 0.09 | -10.0 | 0.0 | 57.61 | 0.96 | 0.54 | 84.73 | 21.56 | 1.97 | 93.07 | -1.27 | -0.78 | 6.93 | 20.79 | 11.88 | 12.87 | 15.01 | 10.47 |
| 23Q4 (17) | 0.63 | -59.09 | -13.7 | 33.97 | 2.38 | -2.02 | 15.77 | 13.13 | -9.0 | 16.69 | -51.47 | -7.38 | 13.08 | -57.98 | -8.08 | 2.12 | -58.67 | -10.92 | 1.34 | -55.78 | -10.67 | 0.10 | 11.11 | 0.0 | 57.06 | -24.02 | 0.3 | 69.70 | -2.75 | 3.54 | 94.26 | 132.39 | -2.25 | 5.74 | -90.35 | 60.66 | 11.19 | -4.11 | 4.48 |
| 23Q3 (16) | 1.54 | 136.92 | -18.52 | 33.18 | -7.73 | 6.83 | 13.94 | -15.62 | 5.77 | 34.39 | 93.75 | -9.4 | 31.13 | 122.83 | -10.6 | 5.13 | 118.3 | -14.64 | 3.03 | 117.99 | -14.65 | 0.09 | 0.0 | -10.0 | 75.10 | 27.76 | -1.77 | 71.67 | -8.3 | 2.99 | 40.56 | -56.37 | 16.28 | 59.44 | 745.34 | -9.18 | 11.67 | 0.6 | 10.3 |
| 23Q2 (15) | 0.65 | 14.04 | 1.56 | 35.96 | 6.08 | 8.84 | 16.52 | 12.38 | 10.8 | 17.75 | 13.2 | 13.64 | 13.97 | 12.84 | 13.21 | 2.35 | 17.5 | 15.76 | 1.39 | 13.01 | 10.32 | 0.09 | 0.0 | -10.0 | 58.78 | 2.58 | 7.4 | 78.16 | -5.93 | 3.2 | 92.97 | -0.89 | -2.3 | 7.03 | 13.5 | 45.31 | 11.60 | -0.43 | 10.16 |
| 23Q1 (14) | 0.57 | -21.92 | -9.52 | 33.90 | -2.22 | 10.89 | 14.70 | -15.18 | 5.0 | 15.68 | -12.99 | 3.91 | 12.38 | -13.0 | 3.86 | 2.00 | -15.97 | 1.01 | 1.23 | -18.0 | -2.38 | 0.09 | -10.0 | -10.0 | 57.30 | 0.72 | 8.83 | 83.09 | 23.43 | 40.69 | 93.81 | -2.72 | 1.08 | 6.19 | 73.45 | -13.96 | 11.65 | 8.78 | 9.29 |
| 22Q4 (13) | 0.73 | -61.38 | 4.29 | 34.67 | 11.62 | 26.21 | 17.33 | 31.49 | 32.09 | 18.02 | -52.53 | 26.81 | 14.23 | -59.13 | 27.28 | 2.38 | -60.4 | 6.25 | 1.50 | -57.75 | 7.14 | 0.10 | 0.0 | -16.67 | 56.89 | -25.59 | 20.56 | 67.32 | -3.26 | 5.8 | 96.43 | 176.43 | 4.85 | 3.57 | -94.54 | -51.07 | 10.71 | 1.23 | 21.98 |
| 22Q3 (12) | 1.89 | 195.31 | 3.85 | 31.06 | -5.99 | 20.72 | 13.18 | -11.6 | 25.76 | 37.96 | 143.02 | 25.45 | 34.82 | 182.17 | 24.89 | 6.01 | 196.06 | 10.28 | 3.55 | 181.75 | 4.72 | 0.10 | 0.0 | -16.67 | 76.45 | 39.69 | 19.81 | 69.59 | -8.12 | 3.36 | 34.88 | -63.34 | 0.81 | 65.45 | 1252.6 | 0.08 | 10.58 | 0.47 | 20.09 |
| 22Q2 (11) | 0.64 | 1.59 | -3.03 | 33.04 | 8.08 | 19.97 | 14.91 | 6.5 | 25.72 | 15.62 | 3.51 | 22.13 | 12.34 | 3.52 | 21.46 | 2.03 | 2.53 | 3.57 | 1.26 | 0.0 | 0.0 | 0.10 | 0.0 | -16.67 | 54.73 | 3.95 | 17.42 | 75.74 | 28.24 | 30.32 | 95.16 | 2.54 | 2.54 | 4.84 | -32.8 | -32.8 | 10.53 | -1.22 | 22.44 |
| 22Q1 (10) | 0.63 | -10.0 | 3.28 | 30.57 | 11.29 | 14.97 | 14.00 | 6.71 | 29.99 | 15.09 | 6.19 | 27.56 | 11.92 | 6.62 | 26.94 | 1.98 | -11.61 | 4.76 | 1.26 | -10.0 | 5.0 | 0.10 | -16.67 | -16.67 | 52.65 | 11.57 | 15.28 | 59.06 | -7.18 | -1.39 | 92.80 | 0.9 | 1.47 | 7.20 | -1.36 | -23.42 | 10.66 | 21.41 | 18.71 |
| 21Q4 (9) | 0.70 | -61.54 | -4.11 | 27.47 | 6.76 | -7.79 | 13.12 | 25.19 | 0.38 | 14.21 | -53.04 | 3.8 | 11.18 | -59.9 | 4.0 | 2.24 | -58.9 | -7.05 | 1.40 | -58.7 | -4.76 | 0.12 | 0.0 | -7.69 | 47.19 | -26.05 | 1.57 | 63.63 | -5.5 | -1.85 | 91.97 | 165.8 | -4.0 | 7.30 | -88.84 | 73.97 | 8.78 | -0.34 | 8.13 |
| 21Q3 (8) | 1.82 | 175.76 | -2.15 | 25.73 | -6.57 | -17.98 | 10.48 | -11.64 | -7.34 | 30.26 | 136.59 | 3.07 | 27.88 | 174.41 | 3.49 | 5.45 | 178.06 | -10.8 | 3.39 | 169.05 | -3.14 | 0.12 | 0.0 | -7.69 | 63.81 | 36.9 | 0.06 | 67.33 | 15.85 | -7.05 | 34.60 | -62.71 | -10.64 | 65.40 | 808.3 | 6.14 | 8.81 | 2.44 | 3.53 |
| 21Q2 (7) | 0.66 | 8.2 | -2.94 | 27.54 | 3.57 | -17.67 | 11.86 | 10.12 | -4.35 | 12.79 | 8.11 | -1.99 | 10.16 | 8.2 | -0.68 | 1.96 | 3.7 | -14.04 | 1.26 | 5.0 | -6.67 | 0.12 | 0.0 | -7.69 | 46.61 | 2.06 | -2.73 | 58.12 | -2.96 | -28.17 | 92.80 | 1.47 | -2.78 | 7.20 | -23.42 | 35.77 | 8.60 | -4.23 | 0 |
| 21Q1 (6) | 0.61 | -16.44 | -6.15 | 26.59 | -10.74 | -16.78 | 10.77 | -17.6 | -17.66 | 11.83 | -13.59 | -10.17 | 9.39 | -12.65 | -9.71 | 1.89 | -21.58 | -12.09 | 1.20 | -18.37 | -9.77 | 0.12 | -7.69 | 0.0 | 45.67 | -1.7 | -8.93 | 59.89 | -7.62 | -10.3 | 91.45 | -4.54 | -7.83 | 9.40 | 124.07 | 1112.82 | 8.98 | 10.59 | 0 |
| 20Q4 (5) | 0.73 | -60.75 | -1.35 | 29.79 | -5.04 | -5.91 | 13.07 | 15.56 | 1.4 | 13.69 | -53.37 | 2.39 | 10.75 | -60.1 | 3.17 | 2.41 | -60.56 | 2.55 | 1.47 | -58.0 | 2.08 | 0.13 | 0.0 | 0.0 | 46.46 | -27.14 | -1.06 | 64.83 | -10.51 | -3.6 | 95.80 | 147.42 | -0.77 | 4.20 | -93.19 | 21.68 | 8.12 | -4.58 | 5.73 |
| 20Q3 (4) | 1.86 | 173.53 | 0.0 | 31.37 | -6.22 | 0.0 | 11.31 | -8.79 | 0.0 | 29.36 | 124.98 | 0.0 | 26.94 | 163.34 | 0.0 | 6.11 | 167.98 | 0.0 | 3.50 | 159.26 | 0.0 | 0.13 | 0.0 | 0.0 | 63.77 | 33.08 | 0.0 | 72.44 | -10.47 | 0.0 | 38.72 | -59.44 | 0.0 | 61.62 | 1061.9 | 0.0 | 8.51 | 0 | 0.0 |
| 20Q2 (3) | 0.68 | 4.62 | 0.0 | 33.45 | 4.69 | 0.0 | 12.40 | -5.2 | 0.0 | 13.05 | -0.91 | 0.0 | 10.23 | -1.63 | 0.0 | 2.28 | 6.05 | 0.0 | 1.35 | 1.5 | 0.0 | 0.13 | 8.33 | 0.0 | 47.92 | -4.45 | 0.0 | 80.91 | 21.18 | 0.0 | 95.45 | -3.8 | 0.0 | 5.30 | 584.09 | 0.0 | 0.00 | 0 | 0.0 |
| 20Q1 (2) | 0.65 | -12.16 | 0.0 | 31.95 | 0.92 | 0.0 | 13.08 | 1.47 | 0.0 | 13.17 | -1.5 | 0.0 | 10.40 | -0.19 | 0.0 | 2.15 | -8.51 | 0.0 | 1.33 | -7.64 | 0.0 | 0.12 | -7.69 | 0.0 | 50.15 | 6.79 | 0.0 | 66.77 | -0.71 | 0.0 | 99.22 | 2.77 | 0.0 | 0.78 | -77.52 | 0.0 | 0.00 | -100.0 | 0.0 |
| 19Q4 (1) | 0.74 | 0.0 | 0.0 | 31.66 | 0.0 | 0.0 | 12.89 | 0.0 | 0.0 | 13.37 | 0.0 | 0.0 | 10.42 | 0.0 | 0.0 | 2.35 | 0.0 | 0.0 | 1.44 | 0.0 | 0.0 | 0.13 | 0.0 | 0.0 | 46.96 | 0.0 | 0.0 | 67.25 | 0.0 | 0.0 | 96.55 | 0.0 | 0.0 | 3.45 | 0.0 | 0.0 | 7.68 | 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) | 3.39 | -12.63 | 34.26 | 6.07 | 15.24 | 2.76 | 39.70 | 5.06 | 21.13 | -2.27 | 17.64 | -3.5 | 11.13 | -9.22 | 6.97 | -8.89 | 0.37 | -9.76 | 62.02 | 3.13 | 69.70 | 3.54 | 72.18 | 5.07 | 27.82 | -11.53 | 3.12 | 1.05 | 11.53 | 8.57 |
| 2022 (9) | 3.88 | 2.11 | 32.30 | 20.39 | 14.83 | 28.4 | 37.79 | 13.96 | 21.62 | 25.77 | 18.28 | 25.38 | 12.26 | 5.06 | 7.65 | 5.52 | 0.41 | -16.33 | 60.14 | 18.57 | 67.32 | 5.8 | 68.70 | 2.2 | 31.45 | -4.07 | 3.09 | 3.25 | 10.62 | 20.82 |
| 2021 (8) | 3.80 | -3.31 | 26.83 | -15.15 | 11.55 | -7.3 | 33.16 | -3.31 | 17.19 | -0.75 | 14.58 | -0.07 | 11.67 | -5.12 | 7.25 | -4.35 | 0.49 | -3.92 | 50.72 | -2.56 | 63.63 | -1.85 | 67.22 | -6.56 | 32.78 | 16.83 | 2.99 | -0.46 | 8.79 | 2.45 |
| 2020 (7) | 3.93 | -7.31 | 31.62 | -0.82 | 12.46 | -9.45 | 34.30 | 0.7 | 17.32 | -4.2 | 14.59 | -3.12 | 12.30 | -8.41 | 7.58 | -6.88 | 0.51 | -3.77 | 52.05 | -1.18 | 64.83 | -3.6 | 71.94 | -5.45 | 28.06 | 17.35 | 3.01 | 0.65 | 8.58 | 10.71 |
| 2019 (6) | 4.24 | 15.85 | 31.88 | 4.83 | 13.76 | 23.19 | 34.06 | -4.0 | 18.08 | 16.49 | 15.06 | 13.15 | 13.43 | 15.88 | 8.14 | 20.77 | 0.53 | 8.16 | 52.67 | 1.8 | 67.25 | -6.6 | 76.09 | 5.72 | 23.91 | -14.69 | 2.99 | 5.65 | 7.75 | -10.09 |
| 2018 (5) | 3.66 | -4.94 | 30.41 | 0.33 | 11.17 | -1.06 | 35.48 | 1.13 | 15.52 | -10.29 | 13.31 | -12.66 | 11.59 | -14.02 | 6.74 | -9.41 | 0.49 | 2.08 | 51.74 | -2.12 | 72.00 | -17.1 | 71.97 | 10.34 | 28.03 | -19.39 | 2.83 | -2.66 | 8.62 | -17.59 |
| 2017 (4) | 3.85 | 29.19 | 30.31 | -8.23 | 11.29 | 4.83 | 35.08 | -1.41 | 17.30 | 17.85 | 15.24 | 19.44 | 13.48 | 24.24 | 7.44 | 20.39 | 0.48 | 2.13 | 52.86 | 3.83 | 86.85 | 3.73 | 65.22 | -10.96 | 34.78 | 31.0 | 2.90 | 0 | 10.46 | -7.1 |
| 2016 (3) | 2.98 | -18.8 | 33.03 | -17.05 | 10.77 | -34.73 | 35.58 | -4.66 | 14.68 | -29.56 | 12.76 | -30.31 | 10.85 | -20.22 | 6.18 | -21.77 | 0.47 | 14.63 | 50.91 | -13.8 | 83.73 | 2.57 | 73.25 | -7.49 | 26.55 | 27.55 | 0.00 | 0 | 11.26 | -11.82 |
| 2015 (2) | 3.67 | 7.94 | 39.82 | -9.02 | 16.50 | -2.6 | 37.32 | -5.19 | 20.84 | -14.31 | 18.31 | -12.56 | 13.60 | 11.75 | 7.90 | 1.67 | 0.41 | 13.89 | 59.06 | -8.33 | 81.63 | 6.55 | 79.19 | 13.66 | 20.81 | -31.38 | 0.00 | 0 | 12.77 | -21.9 |
| 2014 (1) | 3.40 | -38.74 | 43.77 | 0 | 16.94 | 0 | 39.36 | 0.49 | 24.32 | 0 | 20.94 | 0 | 12.17 | 0 | 7.77 | 0 | 0.36 | 9.09 | 64.43 | -23.34 | 76.61 | 63.28 | 69.67 | 74.67 | 30.33 | -49.55 | 0.00 | 0 | 16.35 | -12.14 |
