- 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) | 3.15 | -5.97 | -7.08 | 79.42 | -4.23 | -3.84 | 50.94 | -8.78 | -6.43 | 52.24 | -8.83 | -9.92 | 37.51 | -6.69 | -3.6 | 13.41 | 2.92 | -15.02 | 8.11 | 4.24 | -6.89 | 0.21 | 10.53 | -4.55 | 58.08 | -7.81 | -6.37 | 36.61 | -63.73 | -32.58 | 97.49 | 0.19 | 3.91 | 2.51 | -6.75 | -59.39 | 14.23 | -0.91 | 2.52 |
| 24Q2 (19) | 3.35 | 3.4 | 26.42 | 82.93 | -0.62 | 1.23 | 55.84 | -0.37 | 5.98 | 57.30 | -3.71 | 15.13 | 40.20 | -2.52 | 16.12 | 13.03 | 12.04 | 13.9 | 7.78 | -1.77 | 15.43 | 0.19 | 0.0 | 0.0 | 63.00 | -3.7 | 17.27 | 100.95 | 125.69 | -11.5 | 97.31 | 2.98 | -8.0 | 2.69 | -54.41 | 146.67 | 14.36 | -6.39 | 3.24 |
| 24Q1 (18) | 3.24 | 4.52 | 37.87 | 83.45 | 1.52 | -3.22 | 56.05 | 20.98 | -3.96 | 59.51 | 25.44 | -0.39 | 41.24 | -1.06 | 26.46 | 11.63 | -7.18 | 26.0 | 7.92 | -4.12 | 16.99 | 0.19 | -5.0 | -9.52 | 65.42 | 23.81 | 2.03 | 44.73 | -12.98 | 18.71 | 94.49 | -2.99 | -3.04 | 5.91 | 183.46 | 177.56 | 15.34 | -7.81 | 4.78 |
| 23Q4 (17) | 3.10 | -8.55 | 35.37 | 82.20 | -0.47 | -3.65 | 46.33 | -14.9 | 4.0 | 47.44 | -18.19 | 5.56 | 41.68 | 7.12 | 30.41 | 12.53 | -20.6 | 27.08 | 8.26 | -5.17 | 14.09 | 0.20 | -9.09 | -13.04 | 52.84 | -14.82 | 7.9 | 51.40 | -5.34 | 45.57 | 97.40 | 3.81 | -2.04 | 2.08 | -66.3 | 82.29 | 16.64 | 19.88 | -10.2 |
| 23Q3 (16) | 3.39 | 27.92 | 34.52 | 82.59 | 0.82 | -1.57 | 54.44 | 3.32 | -0.24 | 57.99 | 16.52 | 3.89 | 38.91 | 12.39 | 3.02 | 15.78 | 37.94 | 29.88 | 8.71 | 29.23 | 7.27 | 0.22 | 15.79 | 4.76 | 62.03 | 15.47 | 3.57 | 54.30 | -52.4 | 44.03 | 93.82 | -11.3 | -3.81 | 6.18 | 207.15 | 150.98 | 13.88 | -0.22 | 2.13 |
| 23Q2 (15) | 2.65 | 12.77 | 3.92 | 81.92 | -5.0 | -5.09 | 52.69 | -9.72 | -13.24 | 49.77 | -16.69 | -16.65 | 34.62 | 6.16 | -19.82 | 11.44 | 23.94 | -8.33 | 6.74 | -0.44 | -18.6 | 0.19 | -9.52 | 0.0 | 53.72 | -16.22 | -16.44 | 114.07 | 202.73 | 78.63 | 105.77 | 8.54 | 3.61 | -5.77 | -371.15 | -269.23 | 13.91 | -4.99 | -5.12 |
| 23Q1 (14) | 2.35 | 2.62 | -3.69 | 86.23 | 1.08 | 0.97 | 58.36 | 31.0 | -5.43 | 59.74 | 32.93 | -6.19 | 32.61 | 2.03 | -20.35 | 9.23 | -6.39 | -23.97 | 6.77 | -6.49 | -21.0 | 0.21 | -8.7 | 0.0 | 64.12 | 30.94 | -5.71 | 37.68 | 6.71 | -4.34 | 97.45 | -1.99 | 0.86 | 2.13 | 86.17 | -26.6 | 14.64 | -20.99 | 29.56 |
| 22Q4 (13) | 2.29 | -9.13 | 29.38 | 85.31 | 1.67 | 0.78 | 44.55 | -18.36 | 0.25 | 44.94 | -19.49 | -1.17 | 31.96 | -15.38 | -6.85 | 9.86 | -18.85 | -0.5 | 7.24 | -10.84 | 12.42 | 0.23 | 9.52 | 21.05 | 48.97 | -18.23 | -3.77 | 35.31 | -6.34 | -21.5 | 99.43 | 1.94 | 1.81 | 1.14 | -53.6 | -51.24 | 18.53 | 36.35 | 23.53 |
| 22Q3 (12) | 2.52 | -1.18 | 231.58 | 83.91 | -2.78 | -0.05 | 54.57 | -10.14 | 82.75 | 55.82 | -6.51 | 109.06 | 37.77 | -12.53 | 129.05 | 12.15 | -2.64 | 179.95 | 8.12 | -1.93 | 188.97 | 0.21 | 10.53 | 23.53 | 59.89 | -6.84 | 84.05 | 37.70 | -40.96 | -42.31 | 97.54 | -4.45 | -12.87 | 2.46 | 257.64 | 120.63 | 13.59 | -7.3 | -15.49 |
| 22Q2 (11) | 2.55 | 4.51 | 210.98 | 86.31 | 1.07 | 0.82 | 60.73 | -1.59 | 86.35 | 59.71 | -6.23 | 88.96 | 43.18 | 5.47 | 127.62 | 12.48 | 2.8 | 172.49 | 8.28 | -3.38 | 165.38 | 0.19 | -9.52 | 18.75 | 64.29 | -5.46 | 69.76 | 63.86 | 62.12 | 33.07 | 102.08 | 5.66 | -0.6 | -1.56 | -153.91 | 42.19 | 14.66 | 29.73 | -3.62 |
| 22Q1 (10) | 2.44 | 37.85 | 110.34 | 85.40 | 0.89 | -6.27 | 61.71 | 38.86 | 82.25 | 63.68 | 40.05 | 93.38 | 40.94 | 19.32 | 73.7 | 12.14 | 22.5 | 77.49 | 8.57 | 33.07 | 87.94 | 0.21 | 10.53 | 10.53 | 68.00 | 33.62 | 79.75 | 39.39 | -12.43 | -20.78 | 96.62 | -1.06 | -5.53 | 2.90 | 23.67 | 227.54 | 11.30 | -24.67 | -15.42 |
| 21Q4 (9) | 1.77 | 132.89 | 27.34 | 84.65 | 0.83 | 0.3 | 44.44 | 48.83 | 27.19 | 45.47 | 70.3 | 18.5 | 34.31 | 108.07 | 16.54 | 9.91 | 128.34 | 10.97 | 6.44 | 129.18 | 8.78 | 0.19 | 11.76 | -5.0 | 50.89 | 56.39 | 16.77 | 44.98 | -31.17 | -15.88 | 97.66 | -12.76 | 7.42 | 2.34 | 119.63 | -74.22 | 15.00 | -6.72 | -17.58 |
| 21Q3 (8) | 0.76 | -7.32 | -41.98 | 83.95 | -1.94 | 17.76 | 29.86 | -8.38 | -6.25 | 26.70 | -15.51 | -23.84 | 16.49 | -13.07 | -38.72 | 4.34 | -5.24 | -53.13 | 2.81 | -9.94 | -53.48 | 0.17 | 6.25 | -22.73 | 32.54 | -14.07 | -15.79 | 65.35 | 36.17 | 28.29 | 111.94 | 8.99 | 23.93 | -11.94 | -341.79 | -238.81 | 16.08 | 5.72 | 15.02 |
| 21Q2 (7) | 0.82 | -29.31 | -26.79 | 85.61 | -6.04 | -3.52 | 32.59 | -3.75 | -30.11 | 31.60 | -4.04 | -30.76 | 18.97 | -19.52 | -38.98 | 4.58 | -33.04 | -46.18 | 3.12 | -31.58 | -44.88 | 0.16 | -15.79 | -11.11 | 37.87 | 0.11 | -25.02 | 47.99 | -3.48 | -27.08 | 102.70 | 0.42 | 1.57 | -2.70 | -18.92 | -21.62 | 15.21 | 13.85 | 0 |
| 21Q1 (6) | 1.16 | -16.55 | 12.62 | 91.11 | 7.95 | 3.19 | 33.86 | -3.09 | -40.06 | 32.93 | -14.18 | -35.02 | 23.57 | -19.94 | -28.47 | 6.84 | -23.4 | -14.71 | 4.56 | -22.97 | -15.24 | 0.19 | -5.0 | 18.75 | 37.83 | -13.19 | -28.92 | 49.72 | -7.01 | 32.76 | 102.27 | 12.5 | -8.27 | -2.27 | -125.0 | 80.23 | 13.36 | -26.59 | 0 |
| 20Q4 (5) | 1.39 | 6.11 | 634.62 | 84.40 | 18.39 | 2.35 | 34.94 | 9.7 | 139.81 | 38.37 | 9.44 | 1935.89 | 29.44 | 9.4 | 418.96 | 8.93 | -3.56 | 529.33 | 5.92 | -1.99 | 555.38 | 0.20 | -9.09 | 33.33 | 43.58 | 12.78 | 6604.62 | 53.47 | 4.97 | -16.96 | 90.91 | 0.65 | 112.4 | 9.09 | 5.68 | -98.95 | 18.20 | 30.19 | 0 |
| 20Q3 (4) | 1.31 | 16.96 | 0.0 | 71.29 | -19.66 | 0.0 | 31.85 | -31.7 | 0.0 | 35.06 | -23.18 | 0.0 | 26.91 | -13.44 | 0.0 | 9.26 | 8.81 | 0.0 | 6.04 | 6.71 | 0.0 | 0.22 | 22.22 | 0.0 | 38.64 | -23.5 | 0.0 | 50.94 | -22.6 | 0.0 | 90.32 | -10.67 | 0.0 | 8.60 | 487.1 | 0.0 | 13.98 | 0 | 0.0 |
| 20Q2 (3) | 1.12 | 8.74 | 0.0 | 88.73 | 0.5 | 0.0 | 46.63 | -17.45 | 0.0 | 45.64 | -9.94 | 0.0 | 31.09 | -5.64 | 0.0 | 8.51 | 6.11 | 0.0 | 5.66 | 5.2 | 0.0 | 0.18 | 12.5 | 0.0 | 50.51 | -5.09 | 0.0 | 65.81 | 75.73 | 0.0 | 101.11 | -9.31 | 0.0 | -2.22 | 80.67 | 0.0 | 0.00 | 0 | 0.0 |
| 20Q1 (2) | 1.03 | 496.15 | 0.0 | 88.29 | 7.07 | 0.0 | 56.49 | 287.71 | 0.0 | 50.68 | 2524.88 | 0.0 | 32.95 | 456.99 | 0.0 | 8.02 | 485.58 | 0.0 | 5.38 | 513.85 | 0.0 | 0.16 | 6.67 | 0.0 | 53.22 | 8087.69 | 0.0 | 37.45 | -41.84 | 0.0 | 111.49 | 115.2 | 0.0 | -11.49 | -101.33 | 0.0 | 0.00 | 0 | 0.0 |
| 19Q4 (1) | -0.26 | 0.0 | 0.0 | 82.46 | 0.0 | 0.0 | 14.57 | 0.0 | 0.0 | -2.09 | 0.0 | 0.0 | -9.23 | 0.0 | 0.0 | -2.08 | 0.0 | 0.0 | -1.30 | 0.0 | 0.0 | 0.15 | 0.0 | 0.0 | 0.65 | 0.0 | 0.0 | 64.39 | 0.0 | 0.0 | -733.33 | 0.0 | 0.0 | 866.67 | 0.0 | 0.0 | 0.00 | 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) | 11.49 | 17.24 | 83.18 | -2.37 | 52.98 | -3.41 | 4.20 | 3.25 | 53.84 | -3.01 | 37.05 | -2.83 | 45.48 | 0.07 | 31.78 | -2.63 | 0.85 | 0.0 | 58.32 | -2.46 | 51.40 | 45.57 | 98.46 | -0.39 | 1.65 | 42.46 | 0.23 | 3.81 | 14.72 | 0.27 |
| 2022 (9) | 9.80 | 117.29 | 85.20 | -1.35 | 54.85 | 54.64 | 4.07 | -18.88 | 55.51 | 60.81 | 38.13 | 60.75 | 45.45 | 76.92 | 32.64 | 87.48 | 0.85 | 16.44 | 59.79 | 48.92 | 35.31 | -21.5 | 98.84 | -3.85 | 1.16 | 0 | 0.22 | -17.23 | 14.68 | -1.41 |
| 2021 (8) | 4.51 | 3.2 | 86.37 | 5.42 | 35.47 | -8.65 | 5.02 | 43.22 | 34.52 | -12.52 | 23.72 | -14.74 | 25.69 | -12.8 | 17.41 | -10.76 | 0.73 | 5.8 | 40.15 | -8.1 | 44.98 | -15.88 | 102.80 | 4.66 | -2.80 | 0 | 0.27 | -26.47 | 14.89 | -9.81 |
| 2020 (7) | 4.37 | 57.76 | 81.93 | -5.47 | 38.83 | 5.57 | 3.50 | 137.62 | 39.46 | 16.95 | 27.82 | 24.87 | 29.46 | 34.09 | 19.51 | 18.24 | 0.69 | -5.48 | 43.69 | 20.42 | 53.47 | 4.43 | 98.22 | -10.03 | 1.48 | 0 | 0.37 | -54.67 | 16.51 | -8.68 |
| 2019 (6) | 2.77 | 100.72 | 86.67 | 9.67 | 36.78 | 78.11 | 1.47 | 49.46 | 33.74 | 17.4 | 22.28 | -9.25 | 21.97 | 79.64 | 16.50 | 55.95 | 0.73 | 69.77 | 36.28 | 16.1 | 51.20 | 201.89 | 109.17 | 50.76 | -9.17 | 0 | 0.81 | -38.71 | 18.08 | -29.4 |
| 2018 (5) | 1.38 | 345.16 | 79.03 | 9.22 | 20.65 | 195.85 | 0.99 | -62.5 | 28.74 | 157.53 | 24.55 | 182.18 | 12.23 | 317.41 | 10.58 | 302.28 | 0.43 | 43.33 | 31.25 | 97.91 | 16.96 | 10.13 | 72.41 | 16.98 | 28.74 | -24.57 | 1.32 | 0 | 25.61 | -13.3 |
| 2017 (4) | 0.31 | 933.33 | 72.36 | 13.52 | 6.98 | 250.75 | 2.63 | -31.58 | 11.16 | 319.55 | 8.70 | 676.79 | 2.93 | 845.16 | 2.63 | 806.9 | 0.30 | 15.38 | 15.79 | 76.03 | 15.40 | 102.63 | 61.90 | -17.46 | 38.10 | 52.38 | 0.00 | 0 | 29.54 | 7.97 |
| 2016 (3) | 0.03 | 0 | 63.74 | 6.46 | 1.99 | 0 | 3.85 | -13.85 | 2.66 | 0 | 1.12 | 0 | 0.31 | 0 | 0.29 | 0 | 0.26 | 52.94 | 8.97 | 0 | 7.60 | -4.28 | 75.00 | -37.24 | 25.00 | 0 | 0.00 | 0 | 27.36 | -42.57 |
| 2015 (2) | -0.81 | 0 | 59.87 | -1.85 | -43.97 | 0 | 4.46 | 64.29 | -36.89 | 0 | -39.57 | 0 | -7.26 | 0 | -6.76 | 0 | 0.17 | -34.62 | -27.68 | 0 | 7.94 | 14.57 | 119.51 | 198.78 | -19.51 | 0 | 0.00 | 0 | 47.64 | 83.02 |
| 2014 (1) | 0.37 | -57.95 | 61.00 | 0 | 6.73 | 0 | 2.72 | 15.76 | 16.40 | 0 | 10.79 | 0 | 2.99 | 0 | 2.79 | 0 | 0.26 | -13.33 | 21.74 | -24.09 | 6.93 | -3.21 | 40.00 | -56.6 | 60.00 | 512.0 | 0.00 | 0 | 26.03 | 30.94 |
