- 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) | 0.48 | 26.32 | 336.36 | 17.33 | -2.75 | -9.88 | 7.48 | 2.33 | 23.03 | 6.90 | -15.65 | 28.97 | 4.47 | 9.02 | 241.22 | 2.68 | 18.06 | 300.0 | 1.46 | 13.18 | 239.53 | 0.31 | 6.9 | 19.23 | 9.33 | -13.93 | 9.38 | 98.07 | 5.12 | 0.71 | 107.14 | 18.68 | -6.53 | -8.57 | -177.14 | 41.43 | 17.73 | -10.23 | -10.05 |
| 24Q2 (19) | 0.38 | 15.15 | -28.3 | 17.82 | 4.52 | -8.24 | 7.31 | 24.32 | 21.43 | 8.18 | 30.88 | -15.15 | 4.10 | 0.24 | -44.59 | 2.27 | 12.94 | -34.77 | 1.29 | 12.17 | -29.89 | 0.29 | 11.54 | 20.83 | 10.84 | 14.83 | -17.69 | 93.29 | 9.66 | -3.79 | 90.28 | -3.7 | 44.01 | 11.11 | 77.78 | -70.22 | 19.75 | -5.91 | -4.91 |
| 24Q1 (18) | 0.33 | -17.5 | 6.45 | 17.05 | -14.11 | -3.4 | 5.88 | -21.29 | 26.18 | 6.25 | -4.14 | 65.78 | 4.09 | -15.67 | 3.81 | 2.01 | -18.95 | 0.5 | 1.15 | -16.06 | 7.48 | 0.26 | 0.0 | 4.0 | 9.44 | -2.38 | 35.44 | 85.07 | -6.73 | -14.93 | 93.75 | -18.96 | -25.0 | 6.25 | 145.54 | 125.0 | 20.99 | 8.93 | 0.38 |
| 23Q4 (17) | 0.40 | 263.64 | 11.11 | 19.85 | 3.22 | 16.01 | 7.47 | 22.86 | -10.0 | 6.52 | 21.87 | -12.72 | 4.85 | 270.23 | 25.97 | 2.48 | 270.15 | 4.64 | 1.37 | 218.6 | 14.17 | 0.26 | 0.0 | -10.34 | 9.67 | 13.36 | -4.92 | 91.21 | -6.34 | -15.0 | 115.69 | 0.92 | 4.89 | -13.73 | 6.21 | -33.33 | 19.27 | -2.23 | -5.49 |
| 23Q3 (16) | 0.11 | -79.25 | -81.36 | 19.23 | -0.98 | 6.01 | 6.08 | 1.0 | -14.12 | 5.35 | -44.5 | -35.46 | 1.31 | -82.3 | -74.61 | 0.67 | -80.75 | -83.33 | 0.43 | -76.63 | -77.6 | 0.26 | 8.33 | -27.78 | 8.53 | -35.23 | -17.98 | 97.38 | 0.42 | -16.86 | 114.63 | 82.87 | 35.21 | -14.63 | -139.22 | -203.56 | 19.71 | -5.1 | 25.14 |
| 23Q2 (15) | 0.53 | 70.97 | 23.26 | 19.42 | 10.03 | -2.02 | 6.02 | 29.18 | -11.08 | 9.64 | 155.7 | 27.18 | 7.40 | 87.82 | 64.81 | 3.48 | 74.0 | 18.37 | 1.84 | 71.96 | 27.78 | 0.24 | -4.0 | -20.0 | 13.17 | 88.95 | 30.27 | 96.97 | -3.03 | -19.64 | 62.69 | -49.85 | -30.0 | 37.31 | 249.25 | 257.14 | 20.77 | -0.67 | 10.66 |
| 23Q1 (14) | 0.31 | -13.89 | -44.64 | 17.65 | 3.16 | -6.91 | 4.66 | -43.86 | -41.46 | 3.77 | -49.53 | -55.38 | 3.94 | 2.34 | -24.23 | 2.00 | -15.61 | -50.0 | 1.07 | -10.83 | -44.56 | 0.25 | -13.79 | -30.56 | 6.97 | -31.47 | -33.81 | 100.00 | -6.8 | -7.94 | 125.00 | 13.33 | 32.81 | -25.00 | -142.86 | -525.0 | 20.91 | 2.55 | 32.17 |
| 22Q4 (13) | 0.36 | -38.98 | 260.0 | 17.11 | -5.68 | -6.76 | 8.30 | 17.23 | 67.68 | 7.47 | -9.89 | 37.57 | 3.85 | -25.39 | 250.0 | 2.37 | -41.04 | 211.84 | 1.20 | -37.5 | 185.71 | 0.29 | -19.44 | -6.45 | 10.17 | -2.21 | 31.57 | 107.30 | -8.39 | -10.48 | 110.29 | 30.09 | 20.55 | -10.29 | -172.85 | -220.96 | 20.39 | 29.46 | 6.25 |
| 22Q3 (12) | 0.59 | 37.21 | -13.24 | 18.14 | -8.48 | -17.06 | 7.08 | 4.58 | -29.13 | 8.29 | 9.37 | -7.68 | 5.16 | 14.92 | -24.34 | 4.02 | 36.73 | -22.24 | 1.92 | 33.33 | -19.67 | 0.36 | 20.0 | 5.88 | 10.40 | 2.87 | -9.41 | 117.13 | -2.93 | -1.49 | 84.78 | -5.33 | -23.42 | 14.13 | 35.25 | 231.88 | 15.75 | -16.09 | -8.91 |
| 22Q2 (11) | 0.43 | -23.21 | 65.38 | 19.82 | 4.54 | -5.03 | 6.77 | -14.95 | 4.96 | 7.58 | -10.3 | 64.43 | 4.49 | -13.65 | 42.09 | 2.94 | -26.5 | 47.0 | 1.44 | -25.39 | 50.0 | 0.30 | -16.67 | 7.14 | 10.11 | -3.99 | 33.38 | 120.67 | 11.08 | -5.13 | 89.55 | -4.85 | -36.03 | 10.45 | 77.61 | 126.12 | 18.77 | 18.65 | -13.42 |
| 22Q1 (10) | 0.56 | 460.0 | 55.56 | 18.96 | 3.32 | -4.05 | 7.96 | 60.81 | 26.95 | 8.45 | 55.62 | 50.09 | 5.20 | 372.73 | 25.91 | 4.00 | 426.32 | 47.06 | 1.93 | 359.52 | 48.46 | 0.36 | 16.13 | 20.0 | 10.53 | 36.22 | 23.45 | 108.63 | -9.37 | -11.98 | 94.12 | 2.87 | -15.11 | 5.88 | -30.88 | 154.12 | 15.82 | -17.56 | -22.72 |
| 21Q4 (9) | 0.10 | -85.29 | -33.33 | 18.35 | -16.1 | -4.38 | 4.95 | -50.45 | 7.61 | 5.43 | -39.53 | 44.03 | 1.10 | -83.87 | -40.86 | 0.76 | -85.3 | -31.53 | 0.42 | -82.43 | -28.81 | 0.31 | -8.82 | 10.71 | 7.73 | -32.67 | 16.42 | 119.86 | 0.81 | 2.96 | 91.49 | -17.36 | -24.66 | 8.51 | 179.43 | 139.72 | 19.19 | 10.99 | -12.25 |
| 21Q3 (8) | 0.68 | 161.54 | 94.29 | 21.87 | 4.79 | -7.21 | 9.99 | 54.88 | 12.75 | 8.98 | 94.79 | 36.89 | 6.82 | 115.82 | 62.38 | 5.17 | 158.5 | 94.36 | 2.39 | 148.96 | 79.7 | 0.34 | 21.43 | 13.33 | 11.48 | 51.45 | 20.46 | 118.90 | -6.53 | 9.85 | 110.71 | -20.92 | -18.59 | -10.71 | 73.21 | 70.24 | 17.29 | -20.25 | -17.23 |
| 21Q2 (7) | 0.26 | -27.78 | -55.93 | 20.87 | 5.62 | -14.99 | 6.45 | 2.87 | -41.47 | 4.61 | -18.12 | -58.01 | 3.16 | -23.49 | -61.74 | 2.00 | -26.47 | -57.63 | 0.96 | -26.15 | -58.8 | 0.28 | -6.67 | 3.7 | 7.58 | -11.14 | -47.03 | 127.20 | 3.07 | 13.18 | 140.00 | 26.27 | 40.0 | -40.00 | -268.0 | 0 | 21.68 | 5.91 | 0 |
| 21Q1 (6) | 0.36 | 140.0 | 700.0 | 19.76 | 2.97 | 25.06 | 6.27 | 36.3 | 774.19 | 5.63 | 49.34 | 1105.36 | 4.13 | 122.04 | 521.43 | 2.72 | 145.05 | 704.44 | 1.30 | 120.34 | 966.67 | 0.30 | 7.14 | 30.43 | 8.53 | 28.46 | 131.79 | 123.41 | 6.01 | 16.46 | 110.87 | -8.7 | -33.48 | -10.87 | 49.28 | 83.7 | 20.47 | -6.4 | -11.88 |
| 20Q4 (5) | 0.15 | -57.14 | -34.78 | 19.19 | -18.58 | -20.57 | 4.60 | -48.08 | -30.41 | 3.77 | -42.53 | -41.64 | 1.86 | -55.71 | -44.81 | 1.11 | -58.27 | -36.57 | 0.59 | -55.64 | -39.18 | 0.28 | -6.67 | 3.7 | 6.64 | -30.33 | -35.22 | 116.41 | 7.55 | 17.21 | 121.43 | -10.71 | 18.54 | -21.43 | 40.48 | -778.57 | 21.87 | 4.69 | -5.49 |
| 20Q3 (4) | 0.35 | -40.68 | 0.0 | 23.57 | -3.99 | 0.0 | 8.86 | -19.6 | 0.0 | 6.56 | -40.26 | 0.0 | 4.20 | -49.15 | 0.0 | 2.66 | -43.64 | 0.0 | 1.33 | -42.92 | 0.0 | 0.30 | 11.11 | 0.0 | 9.53 | -33.4 | 0.0 | 108.24 | -3.69 | 0.0 | 136.00 | 36.0 | 0.0 | -36.00 | 0 | 0.0 | 20.89 | 0 | 0.0 |
| 20Q2 (3) | 0.59 | 1083.33 | 0.0 | 24.55 | 55.38 | 0.0 | 11.02 | 1284.95 | 0.0 | 10.98 | 2060.71 | 0.0 | 8.26 | 942.86 | 0.0 | 4.72 | 1148.89 | 0.0 | 2.33 | 1653.33 | 0.0 | 0.27 | 17.39 | 0.0 | 14.31 | 288.86 | 0.0 | 112.39 | 6.06 | 0.0 | 100.00 | -40.0 | 0.0 | -0.00 | 100.0 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | -0.06 | -126.09 | 0.0 | 15.80 | -34.6 | 0.0 | -0.93 | -114.07 | 0.0 | -0.56 | -108.67 | 0.0 | -0.98 | -129.08 | 0.0 | -0.45 | -125.71 | 0.0 | -0.15 | -115.46 | 0.0 | 0.23 | -14.81 | 0.0 | 3.68 | -64.1 | 0.0 | 105.97 | 6.7 | 0.0 | 166.67 | 62.7 | 0.0 | -66.67 | -2633.33 | 0.0 | 23.23 | 0.39 | 0.0 |
| 19Q4 (1) | 0.23 | 0.0 | 0.0 | 24.16 | 0.0 | 0.0 | 6.61 | 0.0 | 0.0 | 6.46 | 0.0 | 0.0 | 3.37 | 0.0 | 0.0 | 1.75 | 0.0 | 0.0 | 0.97 | 0.0 | 0.0 | 0.27 | 0.0 | 0.0 | 10.25 | 0.0 | 0.0 | 99.32 | 0.0 | 0.0 | 102.44 | 0.0 | 0.0 | -2.44 | 0.0 | 0.0 | 23.14 | 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) | 1.34 | -30.21 | 19.04 | 2.92 | 6.08 | -19.15 | 2.74 | 37.08 | 6.25 | -21.68 | 4.29 | -8.92 | 8.52 | -36.28 | 4.63 | -29.64 | 1.00 | -24.81 | 9.51 | -7.76 | 91.21 | -15.0 | 97.33 | 3.28 | 2.67 | -53.65 | 1.50 | 4.94 | 20.14 | 14.89 |
| 2022 (9) | 1.92 | 36.17 | 18.50 | -8.55 | 7.52 | 7.43 | 2.00 | -13.69 | 7.98 | 27.27 | 4.71 | 21.39 | 13.37 | 29.05 | 6.58 | 30.82 | 1.33 | 8.13 | 10.31 | 15.58 | 107.30 | -10.48 | 94.23 | -15.35 | 5.77 | 0 | 1.43 | -11.43 | 17.53 | -10.29 |
| 2021 (8) | 1.41 | 36.89 | 20.23 | -3.99 | 7.00 | 11.46 | 2.31 | -21.46 | 6.27 | 14.63 | 3.88 | 9.92 | 10.36 | 33.51 | 5.03 | 25.75 | 1.23 | 16.04 | 8.92 | 1.36 | 119.86 | 2.96 | 111.32 | -3.0 | -11.32 | 0 | 1.61 | -4.77 | 19.54 | -8.78 |
| 2020 (7) | 1.03 | -28.47 | 21.07 | -8.15 | 6.28 | -13.14 | 2.94 | -14.03 | 5.47 | -27.45 | 3.53 | -34.99 | 7.76 | -31.08 | 4.00 | -34.64 | 1.06 | -0.93 | 8.80 | -22.74 | 116.41 | 17.21 | 114.77 | 19.18 | -14.77 | 0 | 1.69 | -14.19 | 21.42 | -8.07 |
| 2019 (6) | 1.44 | 10.77 | 22.94 | -2.22 | 7.23 | 6.32 | 3.42 | 103.27 | 7.54 | 1.07 | 5.43 | 3.43 | 11.26 | 7.65 | 6.12 | 0.99 | 1.07 | -2.73 | 11.39 | 19.64 | 99.32 | 12.83 | 96.30 | 5.21 | 4.23 | -53.17 | 1.97 | -5.05 | 23.30 | -4.15 |
| 2018 (5) | 1.30 | 13.04 | 23.46 | -3.73 | 6.80 | -14.14 | 1.68 | -4.64 | 7.46 | 11.68 | 5.25 | 0.96 | 10.46 | 11.16 | 6.06 | 4.84 | 1.10 | 3.77 | 9.52 | 8.92 | 88.03 | 20.47 | 91.53 | -22.81 | 9.04 | 0 | 2.08 | 0 | 24.31 | -2.84 |
| 2017 (4) | 1.15 | 9.52 | 24.37 | 2.31 | 7.92 | 22.98 | 1.77 | -23.42 | 6.68 | -8.24 | 5.20 | -6.14 | 9.41 | 3.75 | 5.78 | 1.76 | 1.06 | 9.28 | 8.74 | -12.77 | 73.07 | 6.25 | 118.57 | 34.0 | -18.57 | 0 | 0.00 | 0 | 25.02 | 0.04 |
| 2016 (3) | 1.05 | 28.05 | 23.82 | 5.07 | 6.44 | 78.39 | 2.31 | -14.53 | 7.28 | 37.1 | 5.54 | 14.94 | 9.07 | 26.85 | 5.68 | 20.59 | 0.97 | 4.3 | 10.02 | 19.57 | 68.77 | -2.61 | 88.49 | 29.97 | 11.51 | -63.93 | 0.00 | 0 | 25.01 | 2.25 |
| 2015 (2) | 0.82 | 9.33 | 22.67 | -8.66 | 3.61 | -22.37 | 2.70 | -5.28 | 5.31 | -0.38 | 4.82 | -1.03 | 7.15 | 4.69 | 4.71 | -4.66 | 0.93 | -5.1 | 8.38 | -0.59 | 70.61 | 47.04 | 68.09 | -22.19 | 31.91 | 155.32 | 0.00 | 0 | 24.46 | -12.01 |
| 2014 (1) | 0.75 | 66.67 | 24.82 | 0 | 4.65 | 0 | 2.85 | -8.92 | 5.33 | 0 | 4.87 | 0 | 6.83 | 0 | 4.94 | 0 | 0.98 | 7.69 | 8.43 | 14.38 | 48.02 | 24.28 | 87.50 | 11.36 | 12.50 | -36.36 | 0.00 | 0 | 27.80 | 3.73 |
