- 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) | 7.71 | -4.58 | -37.77 | 96.46 | 0.3 | 0.63 | 57.08 | 1.89 | 9.66 | 55.99 | -5.52 | -5.17 | 46.26 | -7.02 | -5.05 | 17.29 | -21.69 | -3.57 | 10.87 | -2.25 | 0.28 | 0.23 | 4.55 | 4.55 | 56.94 | -5.34 | -4.75 | 30.54 | -67.28 | -0.42 | 101.98 | 7.87 | 15.65 | -1.98 | -136.22 | -116.73 | 25.87 | -5.48 | -8.49 |
| 24Q2 (19) | 8.08 | -44.08 | -31.58 | 96.17 | -0.79 | 0.5 | 56.02 | 5.48 | 5.7 | 59.26 | -0.85 | 3.47 | 49.75 | 2.05 | 4.01 | 22.08 | 15.84 | 39.84 | 11.12 | -3.72 | 14.4 | 0.22 | -8.33 | 10.0 | 60.15 | -0.69 | 3.19 | 93.33 | -11.05 | -12.67 | 94.54 | 6.43 | 2.13 | 5.46 | -51.14 | -27.01 | 27.37 | -3.29 | -2.84 |
| 24Q1 (18) | 14.45 | 29.36 | 41.11 | 96.94 | 1.35 | -0.15 | 53.11 | -2.91 | 0.76 | 59.77 | 19.88 | 12.39 | 48.75 | 17.44 | 12.28 | 19.06 | 38.02 | 50.91 | 11.55 | 11.16 | 20.19 | 0.24 | -4.0 | 9.09 | 60.57 | 19.63 | 12.42 | 104.92 | 200.72 | 247.88 | 88.83 | -19.01 | -10.41 | 11.17 | 214.77 | 1133.96 | 28.30 | 15.46 | 4.01 |
| 23Q4 (17) | 11.17 | -9.85 | 18.08 | 95.65 | -0.22 | -0.14 | 54.70 | 5.09 | 3.38 | 49.86 | -15.55 | 0.93 | 41.51 | -14.8 | -1.45 | 13.81 | -22.98 | 2.83 | 10.39 | -4.15 | 1.46 | 0.25 | 13.64 | 4.17 | 50.63 | -15.31 | 0.84 | 34.89 | 13.76 | 5.79 | 109.68 | 24.39 | 2.42 | -9.74 | -182.36 | -37.26 | 24.51 | -13.3 | 6.89 |
| 23Q3 (16) | 12.39 | 4.91 | 17.0 | 95.86 | 0.18 | -0.06 | 52.05 | -1.79 | 4.54 | 59.04 | 3.09 | -2.51 | 48.72 | 1.86 | -2.48 | 17.93 | 13.55 | 2.05 | 10.84 | 11.52 | -1.54 | 0.22 | 10.0 | 0.0 | 59.78 | 2.56 | -2.42 | 30.67 | -71.3 | 5.36 | 88.18 | -4.74 | 7.26 | 11.82 | 58.03 | -33.56 | 28.27 | 0.35 | -9.27 |
| 23Q2 (15) | 11.81 | 15.33 | 24.84 | 95.69 | -1.44 | -0.47 | 53.00 | 0.55 | 8.5 | 57.27 | 7.69 | 5.04 | 47.83 | 10.16 | 2.99 | 15.79 | 25.02 | 5.83 | 9.72 | 1.14 | 5.08 | 0.20 | -9.09 | 0.0 | 58.29 | 8.18 | 5.46 | 106.87 | 254.34 | 11.94 | 92.57 | -6.64 | 3.33 | 7.48 | 726.06 | -28.14 | 28.17 | 3.53 | 1.81 |
| 23Q1 (14) | 10.24 | 8.25 | -45.36 | 97.09 | 1.37 | 0.82 | 52.71 | -0.38 | 6.98 | 53.18 | 7.65 | -1.68 | 43.42 | 3.09 | -4.0 | 12.63 | -5.96 | -8.87 | 9.61 | -6.15 | -5.97 | 0.22 | -8.33 | -4.35 | 53.88 | 7.31 | -2.0 | 30.16 | -8.55 | -13.88 | 99.15 | -7.42 | 8.87 | 0.91 | 112.77 | -89.86 | 27.21 | 18.67 | -0.29 |
| 22Q4 (13) | 9.46 | -10.67 | -43.59 | 95.78 | -0.15 | 0.24 | 52.91 | 6.27 | 4.75 | 49.40 | -18.43 | -1.5 | 42.12 | -15.69 | 0.86 | 13.43 | -23.56 | -8.14 | 10.24 | -6.99 | -4.66 | 0.24 | 9.09 | -7.69 | 50.21 | -18.04 | -2.32 | 32.98 | 13.29 | -9.27 | 107.09 | 30.27 | 6.34 | -7.09 | -139.87 | -906.45 | 22.93 | -26.41 | -13.28 |
| 22Q3 (12) | 10.59 | 11.95 | -38.03 | 95.92 | -0.23 | -0.3 | 49.79 | 1.92 | -2.91 | 60.56 | 11.08 | 17.39 | 49.96 | 7.58 | 18.56 | 17.57 | 17.76 | 18.16 | 11.01 | 19.03 | 0.55 | 0.22 | 10.0 | -15.38 | 61.26 | 10.84 | 17.0 | 29.11 | -69.51 | -19.07 | 82.21 | -8.24 | -17.29 | 17.79 | 70.92 | 2813.62 | 31.16 | 12.61 | 12.69 |
| 22Q2 (11) | 9.46 | -49.52 | -43.08 | 96.14 | -0.17 | 0.24 | 48.85 | -0.85 | -6.49 | 54.52 | 0.79 | 11.45 | 46.44 | 2.68 | 12.91 | 14.92 | 7.65 | 7.34 | 9.25 | -9.49 | -9.93 | 0.20 | -13.04 | -20.0 | 55.27 | 0.53 | 11.21 | 95.47 | 172.62 | 167.65 | 89.59 | -1.62 | -16.07 | 10.41 | 16.56 | 254.25 | 27.67 | 1.39 | 10.59 |
| 22Q1 (10) | 18.74 | 11.75 | 12.01 | 96.30 | 0.78 | 0.24 | 49.27 | -2.45 | -5.3 | 54.09 | 7.86 | 5.05 | 45.23 | 8.31 | 5.68 | 13.86 | -5.2 | -14.71 | 10.22 | -4.84 | -14.83 | 0.23 | -11.54 | -17.86 | 54.98 | 6.96 | 5.14 | 35.02 | -3.66 | -0.03 | 91.07 | -9.57 | -9.88 | 8.93 | 1367.12 | 944.15 | 27.29 | 3.21 | 2.63 |
| 21Q4 (9) | 16.77 | -1.87 | 30.0 | 95.55 | -0.69 | 0.18 | 50.51 | -1.5 | -0.98 | 50.15 | -2.79 | 6.3 | 41.76 | -0.9 | 6.72 | 14.62 | -1.68 | 0.0 | 10.74 | -1.92 | -1.56 | 0.26 | 0.0 | -7.14 | 51.40 | -1.83 | 6.99 | 36.35 | 1.06 | 1.11 | 100.70 | 1.32 | -6.85 | -0.70 | -215.42 | 91.31 | 26.44 | -4.38 | 1.61 |
| 21Q3 (8) | 17.09 | 2.83 | 29.27 | 96.21 | 0.31 | 0.12 | 51.28 | -1.84 | -1.21 | 51.59 | 5.46 | 4.77 | 42.14 | 2.46 | 1.66 | 14.87 | 6.98 | -14.88 | 10.95 | 6.62 | -4.03 | 0.26 | 4.0 | -7.14 | 52.36 | 5.35 | 3.97 | 35.97 | 0.84 | 13.65 | 99.39 | -6.89 | -5.72 | 0.61 | 109.05 | 111.27 | 27.65 | 10.51 | 8.18 |
| 21Q2 (7) | 16.62 | -0.66 | 50.82 | 95.91 | -0.17 | -0.47 | 52.24 | 0.4 | 6.07 | 48.92 | -4.99 | 5.0 | 41.13 | -3.9 | 3.76 | 13.90 | -14.46 | -4.34 | 10.27 | -14.42 | 8.56 | 0.25 | -10.71 | 4.17 | 49.70 | -4.95 | 4.74 | 35.67 | 1.83 | -54.58 | 106.75 | 5.63 | 0.89 | -6.75 | -537.91 | -18.35 | 25.02 | -5.9 | 0 |
| 21Q1 (6) | 16.73 | 29.69 | 48.84 | 96.07 | 0.72 | 0.08 | 52.03 | 2.0 | 7.28 | 51.49 | 9.14 | 2.3 | 42.80 | 9.38 | 2.32 | 16.25 | 11.15 | 10.77 | 12.00 | 9.99 | 8.5 | 0.28 | 0.0 | 7.69 | 52.29 | 8.85 | 2.11 | 35.03 | -2.56 | 7.88 | 101.06 | -6.53 | 4.8 | -1.06 | 86.96 | -128.8 | 26.59 | 2.19 | 0 |
| 20Q4 (5) | 12.90 | -2.42 | 48.96 | 95.38 | -0.74 | 1.88 | 51.01 | -1.73 | 4.49 | 47.18 | -4.18 | 8.14 | 39.13 | -5.6 | 7.56 | 14.62 | -16.31 | 12.98 | 10.91 | -4.38 | 10.76 | 0.28 | 0.0 | 3.7 | 48.04 | -4.61 | 7.64 | 35.95 | 13.59 | 9.44 | 108.11 | 2.55 | -3.39 | -8.11 | -49.69 | 31.83 | 26.02 | 1.8 | -0.42 |
| 20Q3 (4) | 13.22 | 19.96 | 0.0 | 96.09 | -0.28 | 0.0 | 51.91 | 5.4 | 0.0 | 49.24 | 5.69 | 0.0 | 41.45 | 4.57 | 0.0 | 17.47 | 20.23 | 0.0 | 11.41 | 20.61 | 0.0 | 0.28 | 16.67 | 0.0 | 50.36 | 6.13 | 0.0 | 31.65 | -59.7 | 0.0 | 105.42 | -0.37 | 0.0 | -5.42 | 4.94 | 0.0 | 25.56 | 0 | 0.0 |
| 20Q2 (3) | 11.02 | -1.96 | 0.0 | 96.36 | 0.39 | 0.0 | 49.25 | 1.55 | 0.0 | 46.59 | -7.43 | 0.0 | 39.64 | -5.24 | 0.0 | 14.53 | -0.95 | 0.0 | 9.46 | -14.47 | 0.0 | 0.24 | -7.69 | 0.0 | 47.45 | -7.34 | 0.0 | 78.54 | 141.88 | 0.0 | 105.81 | 9.73 | 0.0 | -5.70 | -255.25 | 0.0 | 0.00 | 0 | 0.0 |
| 20Q1 (2) | 11.24 | 29.79 | 0.0 | 95.99 | 2.53 | 0.0 | 48.50 | -0.66 | 0.0 | 50.33 | 15.36 | 0.0 | 41.83 | 14.98 | 0.0 | 14.67 | 13.37 | 0.0 | 11.06 | 12.28 | 0.0 | 0.26 | -3.7 | 0.0 | 51.21 | 14.74 | 0.0 | 32.47 | -1.16 | 0.0 | 96.43 | -13.82 | 0.0 | 3.67 | 130.86 | 0.0 | 0.00 | -100.0 | 0.0 |
| 19Q4 (1) | 8.66 | 0.0 | 0.0 | 93.62 | 0.0 | 0.0 | 48.82 | 0.0 | 0.0 | 43.63 | 0.0 | 0.0 | 36.38 | 0.0 | 0.0 | 12.94 | 0.0 | 0.0 | 9.85 | 0.0 | 0.0 | 0.27 | 0.0 | 0.0 | 44.63 | 0.0 | 0.0 | 32.85 | 0.0 | 0.0 | 111.90 | 0.0 | 0.0 | -11.90 | 0.0 | 0.0 | 26.13 | 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) | 45.61 | 17.31 | 96.05 | 0.02 | 53.15 | 5.75 | 0.56 | 2.44 | 54.78 | 0.38 | 45.33 | -1.2 | 56.22 | 0.7 | 41.96 | 1.11 | 0.93 | 3.33 | 55.59 | 0.42 | 34.89 | 5.79 | 97.03 | 5.35 | 2.97 | -62.26 | 0.33 | -16.83 | 26.99 | -0.74 |
| 2022 (9) | 38.88 | -42.15 | 96.03 | 0.1 | 50.26 | -2.43 | 0.54 | -4.06 | 54.57 | 8.0 | 45.88 | 9.37 | 55.83 | -7.83 | 41.50 | -6.7 | 0.90 | -15.09 | 55.36 | 7.62 | 32.98 | -9.27 | 92.10 | -9.66 | 7.88 | 0 | 0.40 | 123.53 | 27.19 | 2.91 |
| 2021 (8) | 67.21 | 38.92 | 95.93 | 0.0 | 51.51 | 2.45 | 0.57 | -11.52 | 50.53 | 4.62 | 41.95 | 3.66 | 60.57 | 3.59 | 44.48 | 2.39 | 1.06 | -0.93 | 51.44 | 4.49 | 36.35 | 1.11 | 101.95 | -2.05 | -1.95 | 0 | 0.18 | -68.07 | 26.42 | 2.8 |
| 2020 (7) | 48.38 | 72.29 | 95.93 | 3.56 | 50.28 | 10.19 | 0.64 | -30.8 | 48.30 | 8.25 | 40.47 | 8.27 | 58.47 | 29.62 | 43.44 | 23.65 | 1.07 | 13.83 | 49.23 | 7.54 | 35.95 | 9.44 | 104.08 | 1.79 | -4.10 | 0 | 0.56 | 62.77 | 25.70 | -9.22 |
| 2019 (6) | 28.08 | 124.46 | 92.63 | 5.33 | 45.63 | 46.48 | 0.93 | -38.25 | 44.62 | 33.67 | 37.38 | 30.2 | 45.11 | 89.86 | 35.13 | 81.64 | 0.94 | 40.3 | 45.78 | 30.13 | 32.85 | 45.61 | 102.24 | 9.52 | -2.24 | 0 | 0.35 | 33.04 | 28.31 | -15.74 |
| 2018 (5) | 12.51 | -3.55 | 87.94 | 3.12 | 31.15 | -5.58 | 1.50 | 5.75 | 33.38 | 7.54 | 28.71 | 4.93 | 23.76 | -8.05 | 19.34 | -5.66 | 0.67 | -10.67 | 35.18 | 7.45 | 22.56 | -2.34 | 93.36 | -12.11 | 6.64 | 0 | 0.26 | 0 | 33.60 | 12.0 |
| 2017 (4) | 12.97 | 1.49 | 85.28 | 5.95 | 32.99 | 12.9 | 1.42 | -9.45 | 31.04 | 1.7 | 27.36 | 2.01 | 25.84 | -10.53 | 20.50 | -10.56 | 0.75 | -11.76 | 32.74 | 1.21 | 23.10 | -21.05 | 106.22 | 10.93 | -6.32 | 0 | 0.00 | 0 | 30.00 | 5.12 |
| 2016 (3) | 12.78 | 190.45 | 80.49 | -1.54 | 29.22 | 74.87 | 1.57 | -44.4 | 30.52 | 65.33 | 26.82 | 68.47 | 28.88 | 159.71 | 22.92 | 147.52 | 0.85 | 46.55 | 32.35 | 46.98 | 29.26 | 32.52 | 95.76 | 5.93 | 4.24 | -55.8 | 0.00 | 0 | 28.54 | -23.85 |
| 2015 (2) | 4.40 | 34.15 | 81.75 | -0.8 | 16.71 | 34.32 | 2.82 | -22.72 | 18.46 | 18.71 | 15.92 | 16.03 | 11.12 | 29.91 | 9.26 | 26.5 | 0.58 | 9.43 | 22.01 | 8.48 | 22.08 | 23.42 | 90.40 | 12.88 | 9.60 | -51.79 | 0.00 | 0 | 37.48 | -8.07 |
| 2014 (1) | 3.28 | 92.94 | 82.41 | 0 | 12.44 | 0 | 3.65 | -23.3 | 15.55 | 0 | 13.72 | 0 | 8.56 | 0 | 7.32 | 0 | 0.53 | 10.42 | 20.29 | 27.69 | 17.89 | 11.6 | 80.08 | 18.14 | 19.92 | -36.84 | 0.00 | 0 | 40.77 | -8.09 |
