- 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) | 1.64 | -16.75 | 57.69 | 59.17 | 1.88 | -0.45 | 32.36 | 3.92 | 31.76 | 29.87 | -11.26 | -2.13 | 23.88 | -11.52 | -0.29 | 5.14 | -17.23 | 41.99 | 3.83 | -16.56 | 34.86 | 0.16 | -5.88 | 33.33 | 32.90 | -9.81 | -3.74 | 26.58 | -37.28 | 39.75 | 108.23 | 16.88 | 34.43 | -8.44 | -211.4 | -143.29 | 21.29 | 2.41 | -22.78 |
| 24Q2 (19) | 1.97 | 2.07 | 126.44 | 58.08 | -2.62 | 1.49 | 31.14 | -4.27 | 46.89 | 33.66 | -9.76 | 24.3 | 26.99 | -10.45 | 22.68 | 6.21 | 1.31 | 114.14 | 4.59 | -5.56 | 103.1 | 0.17 | 6.25 | 70.0 | 36.48 | -9.19 | 18.13 | 42.38 | 48.13 | 15.32 | 92.60 | 6.18 | 18.32 | 7.57 | -40.78 | -65.16 | 20.79 | -4.63 | -28.16 |
| 24Q1 (18) | 1.93 | 63.56 | 67.83 | 59.64 | 0.45 | -1.94 | 32.53 | 3.8 | 8.87 | 37.30 | 39.08 | 28.67 | 30.14 | 41.3 | 29.75 | 6.13 | 55.58 | 67.49 | 4.86 | 49.54 | 64.75 | 0.16 | 6.67 | 23.08 | 40.17 | 35.43 | 25.02 | 28.61 | 19.51 | 29.22 | 87.21 | -25.37 | -15.54 | 12.79 | 175.86 | 532.26 | 21.80 | -2.2 | -7.59 |
| 23Q4 (17) | 1.18 | 13.46 | -12.59 | 59.37 | -0.12 | -0.42 | 31.34 | 27.61 | -2.46 | 26.82 | -12.12 | -5.3 | 21.33 | -10.94 | -6.04 | 3.94 | 8.84 | -12.44 | 3.25 | 14.44 | -7.93 | 0.15 | 25.0 | -6.25 | 29.66 | -13.22 | -3.64 | 23.94 | 25.87 | -8.7 | 116.86 | 45.14 | 2.93 | -16.86 | -186.5 | -24.56 | 22.29 | -19.15 | 6.19 |
| 23Q3 (16) | 1.04 | 19.54 | -49.51 | 59.44 | 3.86 | 4.45 | 24.56 | 15.85 | -12.0 | 30.52 | 12.7 | -22.52 | 23.95 | 8.86 | -24.28 | 3.62 | 24.83 | -50.14 | 2.84 | 25.66 | -48.46 | 0.12 | 20.0 | -29.41 | 34.18 | 10.69 | -18.25 | 19.02 | -48.24 | -35.11 | 80.51 | 2.88 | 13.73 | 19.49 | -10.35 | -33.28 | 27.57 | -4.73 | 30.6 |
| 23Q2 (15) | 0.87 | -24.35 | -60.81 | 57.23 | -5.9 | 3.36 | 21.20 | -29.05 | -33.75 | 27.08 | -6.59 | -26.29 | 22.00 | -5.29 | -22.89 | 2.90 | -20.77 | -63.61 | 2.26 | -23.39 | -62.71 | 0.10 | -23.08 | -52.38 | 30.88 | -3.89 | -20.21 | 36.75 | 65.99 | 5.6 | 78.26 | -24.21 | -10.18 | 21.74 | 834.78 | 68.92 | 28.94 | 22.68 | 62.49 |
| 23Q1 (14) | 1.15 | -14.81 | -54.0 | 60.82 | 2.01 | 4.88 | 29.88 | -7.0 | -15.88 | 28.99 | 2.37 | -27.94 | 23.23 | 2.33 | -24.38 | 3.66 | -18.67 | -60.26 | 2.95 | -16.43 | -58.39 | 0.13 | -18.75 | -43.48 | 32.13 | 4.39 | -23.61 | 22.14 | -15.56 | -22.53 | 103.25 | -9.05 | 17.03 | -2.96 | 78.14 | -125.41 | 23.59 | 12.39 | 35.42 |
| 22Q4 (13) | 1.35 | -34.47 | 26.17 | 59.62 | 4.76 | 8.32 | 32.13 | 15.12 | 33.65 | 28.32 | -28.1 | 11.85 | 22.70 | -28.23 | 18.23 | 4.50 | -38.02 | 5.88 | 3.53 | -35.93 | 10.31 | 0.16 | -5.88 | -5.88 | 30.78 | -26.38 | 10.2 | 26.22 | -10.54 | -16.47 | 113.53 | 60.38 | 19.6 | -13.53 | -146.34 | -366.7 | 20.99 | -0.57 | 4.95 |
| 22Q3 (12) | 2.06 | -7.21 | 68.85 | 56.91 | 2.78 | 5.51 | 27.91 | -12.78 | 0.79 | 39.39 | 7.21 | 38.26 | 31.63 | 10.87 | 51.85 | 7.26 | -8.91 | 53.16 | 5.51 | -9.08 | 54.78 | 0.17 | -19.05 | 0.0 | 41.81 | 8.04 | 34.65 | 29.31 | -15.78 | -15.02 | 70.79 | -18.75 | -27.18 | 29.21 | 126.95 | 948.83 | 21.11 | 18.53 | 6.4 |
| 22Q2 (11) | 2.22 | -11.2 | 51.02 | 55.37 | -4.52 | 2.63 | 32.00 | -9.91 | 5.61 | 36.74 | -8.68 | 30.05 | 28.53 | -7.13 | 27.54 | 7.97 | -13.46 | 41.31 | 6.06 | -14.53 | 38.99 | 0.21 | -8.7 | 10.53 | 38.70 | -7.99 | 26.8 | 34.80 | 21.76 | 8.18 | 87.13 | -1.24 | -18.62 | 12.87 | 10.54 | 276.56 | 17.81 | 2.24 | -2.52 |
| 22Q1 (10) | 2.50 | 133.64 | 100.0 | 57.99 | 5.36 | 6.21 | 35.52 | 47.75 | 23.85 | 40.23 | 58.89 | 39.16 | 30.72 | 60.0 | 40.08 | 9.21 | 116.71 | 82.02 | 7.09 | 121.56 | 74.63 | 0.23 | 35.29 | 27.78 | 42.06 | 50.59 | 34.03 | 28.58 | -8.95 | 8.05 | 88.23 | -7.06 | -11.09 | 11.64 | 129.43 | 1413.58 | 17.42 | -12.9 | -12.29 |
| 21Q4 (9) | 1.07 | -12.3 | 81.36 | 55.04 | 2.04 | 2.4 | 24.04 | -13.18 | 13.5 | 25.32 | -11.13 | 38.59 | 19.20 | -7.83 | 29.91 | 4.25 | -10.34 | 71.37 | 3.20 | -10.11 | 60.0 | 0.17 | 0.0 | 21.43 | 27.93 | -10.05 | 27.24 | 31.39 | -8.99 | 38.22 | 94.93 | -2.36 | -18.36 | 5.07 | 82.23 | 132.33 | 20.00 | 0.81 | -15.04 |
| 21Q3 (8) | 1.22 | -17.01 | -7.58 | 53.94 | -0.02 | -1.57 | 27.69 | -8.61 | -10.24 | 28.49 | 0.85 | -2.7 | 20.83 | -6.88 | -9.04 | 4.74 | -15.96 | -17.85 | 3.56 | -18.35 | -16.43 | 0.17 | -10.53 | -10.53 | 31.05 | 1.74 | -2.33 | 34.49 | 7.21 | 36.22 | 97.22 | -9.2 | -7.66 | 2.78 | 138.2 | 152.78 | 19.84 | 8.59 | 1.12 |
| 21Q2 (7) | 1.47 | 17.6 | -6.96 | 53.95 | -1.19 | -1.94 | 30.30 | 5.65 | -9.9 | 28.25 | -2.28 | -10.54 | 22.37 | 2.01 | -10.59 | 5.64 | 11.46 | -17.66 | 4.36 | 7.39 | -13.83 | 0.19 | 5.56 | -5.0 | 30.52 | -2.74 | -9.41 | 32.17 | 21.63 | -31.02 | 107.06 | 7.89 | 0.64 | -7.29 | -1047.61 | -14.2 | 18.27 | -8.01 | 2.35 |
| 21Q1 (6) | 1.25 | 111.86 | 9.65 | 54.60 | 1.58 | -1.73 | 28.68 | 35.41 | 4.63 | 28.91 | 58.24 | 0.77 | 21.93 | 48.38 | -5.64 | 5.06 | 104.03 | 3.27 | 4.06 | 103.0 | 2.27 | 0.18 | 28.57 | 5.88 | 31.38 | 42.96 | 0.54 | 26.45 | 16.47 | 6.14 | 99.23 | -14.66 | 3.9 | 0.77 | 104.9 | -82.87 | 19.86 | -15.63 | -0.05 |
| 20Q4 (5) | 0.59 | -55.3 | -31.4 | 53.75 | -1.92 | -4.53 | 21.18 | -31.35 | -15.82 | 18.27 | -37.6 | -14.59 | 14.78 | -35.46 | -16.83 | 2.48 | -57.02 | -35.75 | 2.00 | -53.05 | -36.1 | 0.14 | -26.32 | -22.22 | 21.95 | -30.95 | -9.37 | 22.71 | -10.31 | 2.99 | 116.28 | 10.45 | -1.02 | -15.70 | -197.51 | 10.19 | 23.54 | 19.98 | 13.88 |
| 20Q3 (4) | 1.32 | -16.46 | 0.0 | 54.80 | -0.4 | 0.0 | 30.85 | -8.27 | 0.0 | 29.28 | -7.28 | 0.0 | 22.90 | -8.47 | 0.0 | 5.77 | -15.77 | 0.0 | 4.26 | -15.81 | 0.0 | 0.19 | -5.0 | 0.0 | 31.79 | -5.64 | 0.0 | 25.32 | -45.71 | 0.0 | 105.28 | -1.04 | 0.0 | -5.28 | 17.34 | 0.0 | 19.62 | 9.92 | 0.0 |
| 20Q2 (3) | 1.58 | 38.6 | 0.0 | 55.02 | -0.97 | 0.0 | 33.63 | 22.69 | 0.0 | 31.58 | 10.07 | 0.0 | 25.02 | 7.66 | 0.0 | 6.85 | 39.8 | 0.0 | 5.06 | 27.46 | 0.0 | 0.20 | 17.65 | 0.0 | 33.69 | 7.95 | 0.0 | 46.64 | 87.16 | 0.0 | 106.38 | 11.39 | 0.0 | -6.38 | -242.13 | 0.0 | 17.85 | -10.17 | 0.0 |
| 20Q1 (2) | 1.14 | 32.56 | 0.0 | 55.56 | -1.31 | 0.0 | 27.41 | 8.94 | 0.0 | 28.69 | 34.13 | 0.0 | 23.24 | 30.78 | 0.0 | 4.90 | 26.94 | 0.0 | 3.97 | 26.84 | 0.0 | 0.17 | -5.56 | 0.0 | 31.21 | 28.86 | 0.0 | 24.92 | 13.02 | 0.0 | 95.51 | -18.7 | 0.0 | 4.49 | 125.69 | 0.0 | 19.87 | -3.87 | 0.0 |
| 19Q4 (1) | 0.86 | 0.0 | 0.0 | 56.30 | 0.0 | 0.0 | 25.16 | 0.0 | 0.0 | 21.39 | 0.0 | 0.0 | 17.77 | 0.0 | 0.0 | 3.86 | 0.0 | 0.0 | 3.13 | 0.0 | 0.0 | 0.18 | 0.0 | 0.0 | 24.22 | 0.0 | 0.0 | 22.05 | 0.0 | 0.0 | 117.48 | 0.0 | 0.0 | -17.48 | 0.0 | 0.0 | 20.67 | 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) | 4.24 | -47.85 | 59.31 | 3.38 | 27.25 | -15.11 | 2.86 | 52.47 | 28.30 | -22.64 | 22.58 | -21.16 | 13.86 | -51.81 | 11.10 | -50.42 | 0.49 | -37.18 | 31.59 | -18.39 | 23.94 | -8.7 | 96.25 | 9.71 | 3.75 | -69.37 | 0.31 | 20.16 | 25.26 | 32.04 |
| 2022 (9) | 8.13 | 61.95 | 57.37 | 5.54 | 32.10 | 15.51 | 1.88 | -14.39 | 36.58 | 31.68 | 28.64 | 35.48 | 28.76 | 43.16 | 22.39 | 41.62 | 0.78 | 4.0 | 38.71 | 27.88 | 26.22 | -16.47 | 87.73 | -12.27 | 12.22 | 0 | 0.26 | -22.38 | 19.13 | -1.65 |
| 2021 (8) | 5.02 | 8.42 | 54.36 | -0.89 | 27.79 | -4.27 | 2.19 | -7.17 | 27.78 | 0.14 | 21.14 | -4.21 | 20.09 | 1.93 | 15.81 | -1.92 | 0.75 | 2.74 | 30.27 | -0.3 | 31.39 | 38.22 | 100.00 | -4.45 | -0.06 | 0 | 0.34 | -5.66 | 19.45 | -2.26 |
| 2020 (7) | 4.63 | 16.62 | 54.85 | -3.35 | 29.03 | 6.41 | 2.36 | -10.63 | 27.74 | 4.84 | 22.07 | 3.13 | 19.71 | 12.63 | 16.12 | 11.79 | 0.73 | 8.96 | 30.36 | 3.34 | 22.71 | 2.99 | 104.66 | 1.51 | -4.66 | 0 | 0.36 | 17.35 | 19.90 | -4.19 |
| 2019 (6) | 3.97 | -11.97 | 56.75 | 6.17 | 27.28 | 5.7 | 2.64 | 44.52 | 26.46 | -2.47 | 21.40 | -1.11 | 17.50 | -14.84 | 14.42 | -15.13 | 0.67 | -15.19 | 29.38 | 0.86 | 22.05 | 5.3 | 103.10 | 8.3 | -3.10 | 0 | 0.30 | 15.84 | 20.77 | 11.07 |
| 2018 (5) | 4.51 | 78.97 | 53.45 | 0.91 | 25.81 | 22.67 | 1.83 | -25.97 | 27.13 | 36.4 | 21.64 | 30.99 | 20.55 | 75.04 | 16.99 | 69.05 | 0.79 | 29.51 | 29.13 | 29.18 | 20.94 | -0.38 | 95.20 | -10.07 | 4.87 | 0 | 0.26 | 0 | 18.70 | -11.92 |
| 2017 (4) | 2.52 | 38.46 | 52.97 | -3.16 | 21.04 | 19.75 | 2.47 | -19.35 | 19.89 | 16.04 | 16.52 | 19.28 | 11.74 | 47.86 | 10.05 | 45.44 | 0.61 | 22.0 | 22.55 | 10.59 | 21.02 | 67.36 | 105.87 | 3.15 | -5.73 | 0 | 0.00 | 0 | 21.23 | -9.04 |
| 2016 (3) | 1.82 | -56.97 | 54.70 | 2.61 | 17.57 | -27.4 | 3.06 | 47.16 | 17.14 | -34.61 | 13.85 | -34.08 | 7.94 | -54.68 | 6.91 | -53.47 | 0.50 | -29.58 | 20.39 | -28.31 | 12.56 | -25.94 | 102.64 | 11.11 | -2.45 | 0 | 0.00 | 0 | 23.34 | 34.14 |
| 2015 (2) | 4.23 | -20.79 | 53.31 | 16.27 | 24.20 | 4.76 | 2.08 | 32.87 | 26.21 | 4.17 | 21.01 | -2.14 | 17.52 | -23.96 | 14.85 | -23.34 | 0.71 | -21.11 | 28.44 | 6.08 | 16.96 | -10.69 | 92.38 | 0.62 | 7.70 | -5.95 | 0.00 | 0 | 17.40 | 16.94 |
| 2014 (1) | 5.34 | 56.6 | 45.85 | 0 | 23.10 | 0 | 1.57 | -25.57 | 25.16 | 0 | 21.47 | 0 | 23.04 | 0 | 19.37 | 0 | 0.90 | 40.62 | 26.81 | 2.25 | 18.99 | 0.42 | 91.81 | -1.46 | 8.19 | 18.07 | 0.00 | 0 | 14.88 | -17.1 |
