- 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) | 3.76 | 3.01 | 11.9 | 9.42 | 5.96 | 23.3 | 7.38 | 11.65 | 27.68 | 8.15 | 14.63 | 26.16 | 6.59 | 13.82 | 26.0 | 12.11 | -9.56 | -6.12 | 2.14 | -2.73 | -3.17 | 0.32 | -13.51 | -23.81 | 9.21 | 13.42 | 24.8 | 454.11 | -9.29 | -0.08 | 90.15 | -2.97 | 0.55 | 9.09 | 28.28 | -12.12 | 14.97 | 13.24 | 27.08 |
| 24Q2 (19) | 3.65 | -3.18 | 4.89 | 8.89 | -2.63 | 8.41 | 6.61 | -6.77 | 7.48 | 7.11 | -8.96 | 2.01 | 5.79 | -8.39 | 1.4 | 13.39 | 1.75 | -12.88 | 2.20 | -4.35 | -6.78 | 0.37 | 2.78 | -9.76 | 8.12 | -8.14 | 2.53 | 500.60 | -7.89 | -5.78 | 92.91 | 3.06 | 5.3 | 7.09 | -22.05 | -39.76 | 13.22 | -5.5 | 7.57 |
| 24Q1 (18) | 3.77 | 34.16 | 30.45 | 9.13 | 45.38 | -11.62 | 7.09 | 50.21 | -9.22 | 7.81 | 63.39 | -8.65 | 6.32 | 67.2 | -7.47 | 13.16 | 40.15 | 4.69 | 2.30 | 29.94 | 6.48 | 0.36 | -21.74 | 16.13 | 8.84 | 57.58 | -10.25 | 543.48 | 24.92 | -7.87 | 90.15 | -8.01 | -1.03 | 9.09 | 809.09 | 2.02 | 13.99 | 37.56 | -18.95 |
| 23Q4 (17) | 2.81 | -16.37 | -6.95 | 6.28 | -17.8 | -41.2 | 4.72 | -18.34 | -41.94 | 4.78 | -26.01 | -42.62 | 3.78 | -27.72 | -43.92 | 9.39 | -27.21 | -26.35 | 1.77 | -19.91 | -27.76 | 0.46 | 9.52 | 27.78 | 5.61 | -23.98 | -41.56 | 435.06 | -4.27 | 8.65 | 98.00 | 9.31 | -0.06 | 1.00 | -90.33 | -65.67 | 10.17 | -13.67 | -31.05 |
| 23Q3 (16) | 3.36 | -3.45 | 4.35 | 7.64 | -6.83 | -24.51 | 5.78 | -6.02 | -24.15 | 6.46 | -7.32 | -27.98 | 5.23 | -8.41 | -27.16 | 12.90 | -16.07 | -17.83 | 2.21 | -6.36 | -17.23 | 0.42 | 2.44 | 13.51 | 7.38 | -6.82 | -27.86 | 454.46 | -14.46 | 1.81 | 89.66 | 1.61 | 4.75 | 10.34 | -12.07 | -32.45 | 11.78 | -4.15 | -21.1 |
| 23Q2 (15) | 3.48 | 20.42 | 182.93 | 8.20 | -20.62 | -11.35 | 6.15 | -21.25 | 11.21 | 6.97 | -18.48 | 4.97 | 5.71 | -16.4 | 27.74 | 15.37 | 22.28 | 188.91 | 2.36 | 9.26 | 122.64 | 0.41 | 32.26 | 78.26 | 7.92 | -19.59 | -4.58 | 531.30 | -9.93 | -2.21 | 88.24 | -3.13 | 5.04 | 11.76 | 32.03 | -26.47 | 12.29 | -28.79 | -44.44 |
| 23Q1 (14) | 2.89 | -4.3 | 117.29 | 10.33 | -3.28 | 6.39 | 7.81 | -3.94 | 52.24 | 8.55 | 2.64 | 27.61 | 6.83 | 1.34 | 27.43 | 12.57 | -1.41 | 147.44 | 2.16 | -11.84 | 86.21 | 0.31 | -13.89 | 47.62 | 9.85 | 2.6 | 14.67 | 589.90 | 47.32 | 86.65 | 91.09 | -7.11 | 19.72 | 8.91 | 205.94 | -62.74 | 17.26 | 17.02 | -35.26 |
| 22Q4 (13) | 3.02 | -6.21 | -38.62 | 10.68 | 5.53 | 92.09 | 8.13 | 6.69 | 337.1 | 8.33 | -7.13 | -49.52 | 6.74 | -6.13 | -57.66 | 12.75 | -18.79 | -40.23 | 2.45 | -8.24 | -47.87 | 0.36 | -2.7 | 24.14 | 9.60 | -6.16 | -47.4 | 400.43 | -10.3 | 7.85 | 98.06 | 14.57 | 751.88 | 2.91 | -80.98 | -96.74 | 14.75 | -1.21 | -27.05 |
| 22Q3 (12) | 3.22 | 161.79 | 87.21 | 10.12 | 9.41 | 17.27 | 7.62 | 37.79 | 40.85 | 8.97 | 35.09 | 45.85 | 7.18 | 60.63 | 20.07 | 15.70 | 195.11 | 78.82 | 2.67 | 151.89 | 30.24 | 0.37 | 60.87 | 8.82 | 10.23 | 23.25 | 36.95 | 446.39 | -17.84 | 32.85 | 85.59 | 1.89 | -2.47 | 15.32 | -4.28 | 25.08 | 14.93 | -32.5 | -26.42 |
| 22Q2 (11) | 1.23 | -7.52 | -16.89 | 9.25 | -4.74 | 22.35 | 5.53 | 7.8 | 20.48 | 6.64 | -0.9 | 38.91 | 4.47 | -16.6 | -1.32 | 5.32 | 4.72 | -28.97 | 1.06 | -8.62 | -47.0 | 0.23 | 9.52 | -47.73 | 8.30 | -3.38 | 52.01 | 543.30 | 71.91 | 67.36 | 84.00 | 10.4 | -11.9 | 16.00 | -33.09 | 244.0 | 22.12 | -17.03 | 14.49 |
| 22Q1 (10) | 1.33 | -72.97 | -30.37 | 9.71 | 74.64 | 34.86 | 5.13 | 175.81 | 32.22 | 6.70 | -59.39 | 20.72 | 5.36 | -66.33 | -6.62 | 5.08 | -76.18 | -47.36 | 1.16 | -75.32 | -56.23 | 0.21 | -27.59 | -54.35 | 8.59 | -52.93 | 36.78 | 316.04 | -14.88 | 37.91 | 76.09 | 561.01 | 8.7 | 23.91 | -73.19 | -20.29 | 26.66 | 31.85 | 32.57 |
| 21Q4 (9) | 4.92 | 186.05 | 343.24 | 5.56 | -35.57 | -11.61 | 1.86 | -65.62 | -36.52 | 16.50 | 168.29 | 430.55 | 15.92 | 166.22 | 474.73 | 21.33 | 142.94 | 207.35 | 4.70 | 129.27 | 230.99 | 0.29 | -14.71 | -42.0 | 18.25 | 144.31 | 370.36 | 371.30 | 10.51 | 21.44 | 11.51 | -86.88 | -87.67 | 89.21 | 628.54 | 1238.13 | 20.22 | -0.34 | 8.13 |
| 21Q3 (8) | 1.72 | 16.22 | 8.18 | 8.63 | 14.15 | 4.35 | 5.41 | 17.86 | 20.49 | 6.15 | 28.66 | 25.25 | 5.98 | 32.01 | 25.37 | 8.78 | 17.22 | -45.53 | 2.05 | 2.5 | -11.64 | 0.34 | -22.73 | -29.17 | 7.47 | 36.81 | 27.91 | 336.00 | 3.5 | -42.03 | 87.76 | -7.96 | -2.22 | 12.24 | 163.27 | 59.18 | 20.29 | 5.02 | -4.56 |
| 21Q2 (7) | 1.48 | -22.51 | -5.13 | 7.56 | 5.0 | -30.19 | 4.59 | 18.3 | -26.32 | 4.78 | -13.87 | -23.4 | 4.53 | -21.08 | -26.1 | 7.49 | -22.38 | -54.55 | 2.00 | -24.53 | -18.7 | 0.44 | -4.35 | 10.0 | 5.46 | -13.06 | -28.44 | 324.63 | 41.65 | -48.85 | 95.35 | 36.21 | -4.65 | 4.65 | -84.5 | 0 | 19.32 | -3.93 | 0 |
| 21Q1 (6) | 1.91 | 72.07 | 28.19 | 7.20 | 14.47 | -42.08 | 3.88 | 32.42 | -45.2 | 5.55 | 78.46 | -23.66 | 5.74 | 107.22 | -18.47 | 9.65 | 39.05 | 9.53 | 2.65 | 86.62 | -3.99 | 0.46 | -8.0 | 17.95 | 6.28 | 61.86 | -29.83 | 229.17 | -25.05 | -56.87 | 70.00 | -25.0 | -28.06 | 30.00 | 350.0 | 1010.0 | 20.11 | 7.54 | -47.2 |
| 20Q4 (5) | 1.11 | -30.19 | 58.57 | 6.29 | -23.94 | -67.05 | 2.93 | -34.74 | -70.4 | 3.11 | -36.66 | -63.24 | 2.77 | -41.93 | -59.86 | 6.94 | -56.95 | 136.05 | 1.42 | -38.79 | -4.05 | 0.50 | 4.17 | 138.1 | 3.88 | -33.56 | -60.0 | 305.75 | -47.25 | 218.76 | 93.33 | 4.0 | -18.84 | 6.67 | -13.33 | 144.44 | 18.70 | -12.04 | -49.45 |
| 20Q3 (4) | 1.59 | 1.92 | 0.0 | 8.27 | -23.64 | 0.0 | 4.49 | -27.93 | 0.0 | 4.91 | -21.31 | 0.0 | 4.77 | -22.19 | 0.0 | 16.12 | -2.18 | 0.0 | 2.32 | -5.69 | 0.0 | 0.48 | 20.0 | 0.0 | 5.84 | -23.46 | 0.0 | 579.63 | -8.67 | 0.0 | 89.74 | -10.26 | 0.0 | 7.69 | 0 | 0.0 | 21.26 | 0 | 0.0 |
| 20Q2 (3) | 1.56 | 4.7 | 0.0 | 10.83 | -12.87 | 0.0 | 6.23 | -12.01 | 0.0 | 6.24 | -14.17 | 0.0 | 6.13 | -12.93 | 0.0 | 16.48 | 87.06 | 0.0 | 2.46 | -10.87 | 0.0 | 0.40 | 2.56 | 0.0 | 7.63 | -14.75 | 0.0 | 634.66 | 19.44 | 0.0 | 100.00 | 2.78 | 0.0 | 0.00 | -100.0 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | 1.49 | 112.86 | 0.0 | 12.43 | -34.89 | 0.0 | 7.08 | -28.48 | 0.0 | 7.27 | -14.07 | 0.0 | 7.04 | 2.03 | 0.0 | 8.81 | 199.66 | 0.0 | 2.76 | 86.49 | 0.0 | 0.39 | 85.71 | 0.0 | 8.95 | -7.73 | 0.0 | 531.36 | 453.96 | 0.0 | 97.30 | -15.39 | 0.0 | 2.70 | 118.02 | 0.0 | 38.09 | 2.97 | 0.0 |
| 19Q4 (1) | 0.70 | 0.0 | 0.0 | 19.09 | 0.0 | 0.0 | 9.90 | 0.0 | 0.0 | 8.46 | 0.0 | 0.0 | 6.90 | 0.0 | 0.0 | 2.94 | 0.0 | 0.0 | 1.48 | 0.0 | 0.0 | 0.21 | 0.0 | 0.0 | 9.70 | 0.0 | 0.0 | 95.92 | 0.0 | 0.0 | 115.00 | 0.0 | 0.0 | -15.00 | 0.0 | 0.0 | 36.99 | 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) | 12.51 | 42.48 | 7.83 | -22.17 | 5.90 | -14.99 | 0.80 | -37.37 | 6.43 | -18.81 | 5.18 | -16.45 | 43.86 | 25.71 | 8.55 | 18.26 | 1.63 | 40.52 | 7.42 | -20.81 | 435.06 | 8.65 | 91.51 | 4.25 | 8.26 | -34.16 | 0.19 | -53.45 | 12.36 | -32.5 |
| 2022 (9) | 8.78 | -12.38 | 10.06 | 39.34 | 6.94 | 77.04 | 1.27 | 21.7 | 7.92 | -3.06 | 6.20 | -22.31 | 34.89 | -23.44 | 7.23 | -29.81 | 1.16 | -10.08 | 9.37 | 0.75 | 400.43 | 7.85 | 87.78 | 82.72 | 12.54 | -75.86 | 0.40 | 163.33 | 18.31 | -8.31 |
| 2021 (8) | 10.02 | 74.87 | 7.22 | -18.79 | 3.92 | -18.16 | 1.05 | 6.41 | 8.17 | 63.4 | 7.98 | 66.6 | 45.57 | 142.52 | 10.30 | 53.05 | 1.29 | -6.52 | 9.30 | 52.96 | 371.30 | 21.44 | 48.04 | -49.84 | 51.96 | 1129.66 | 0.15 | 0 | 19.97 | -20.06 |
| 2020 (7) | 5.73 | 79.62 | 8.89 | -20.2 | 4.79 | -18.68 | 0.98 | -6.32 | 5.00 | -24.13 | 4.79 | -20.3 | 18.79 | -12.77 | 6.73 | -28.02 | 1.38 | -10.97 | 6.08 | -20.94 | 305.75 | 159.18 | 95.77 | 7.37 | 4.23 | -60.86 | 0.00 | 0 | 24.98 | -12.38 |
| 2019 (6) | 3.19 | -1.85 | 11.14 | -16.62 | 5.89 | -0.84 | 1.05 | 269.29 | 6.59 | -2.51 | 6.01 | 10.89 | 21.54 | 53.2 | 9.35 | 73.47 | 1.55 | 56.57 | 7.69 | 9.23 | 117.97 | -22.97 | 89.20 | 0.89 | 10.80 | -14.54 | 0.00 | 0 | 28.51 | 13.22 |
| 2018 (5) | 3.25 | 0.62 | 13.36 | -13.19 | 5.94 | -14.78 | 0.28 | -4.9 | 6.76 | -3.15 | 5.42 | -4.41 | 14.06 | -1.47 | 5.39 | -7.55 | 0.99 | -3.88 | 7.04 | -2.9 | 153.15 | -9.35 | 88.42 | -11.58 | 12.63 | 0 | 0.00 | 0 | 25.18 | -0.98 |
| 2017 (4) | 3.23 | 4.87 | 15.39 | -11.55 | 6.97 | -6.57 | 0.30 | -14.87 | 6.98 | -6.31 | 5.67 | -10.85 | 14.27 | 2.51 | 5.83 | -6.42 | 1.03 | 5.1 | 7.25 | -7.17 | 168.95 | 40.57 | 100.00 | 0.0 | 0.00 | 0 | 0.00 | 0 | 25.43 | -14.09 |
| 2016 (3) | 3.08 | -9.41 | 17.40 | 30.53 | 7.46 | 23.92 | 0.35 | 26.95 | 7.45 | 9.24 | 6.36 | 15.22 | 13.92 | -10.6 | 6.23 | -6.03 | 0.98 | -18.33 | 7.81 | 9.69 | 120.19 | -5.21 | 100.00 | 13.79 | 0.00 | 0 | 0.00 | 0 | 29.60 | 27.42 |
| 2015 (2) | 3.40 | -1.16 | 13.33 | 3.09 | 6.02 | 19.21 | 0.28 | 24.85 | 6.82 | 0.44 | 5.52 | -6.12 | 15.57 | 1.5 | 6.63 | 0.15 | 1.20 | 6.19 | 7.12 | 0.42 | 126.80 | -11.58 | 87.88 | 18.89 | 11.11 | -57.41 | 0.00 | 0 | 23.23 | -6.18 |
| 2014 (1) | 3.44 | -20.37 | 12.93 | 0 | 5.05 | 0 | 0.22 | -17.06 | 6.79 | 0 | 5.88 | 0 | 15.34 | 0 | 6.62 | 0 | 1.13 | 15.31 | 7.09 | -34.71 | 143.41 | 18.93 | 73.91 | -19.24 | 26.09 | 207.83 | 0.00 | 0 | 24.76 | -25.65 |
