- 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) | 4.89 | 6.3 | 5.16 | 21.37 | -1.79 | -3.96 | 19.34 | -2.08 | -4.49 | 20.44 | -7.39 | -5.94 | 17.18 | -4.34 | -3.54 | 5.95 | -0.5 | 1.54 | 3.01 | 7.5 | 7.5 | 0.17 | 13.33 | 13.33 | 25.87 | -8.29 | -6.67 | 90.67 | -18.26 | -11.95 | 94.66 | 5.83 | 1.64 | 5.34 | -49.42 | -22.28 | 14.67 | -3.68 | -5.84 |
| 24Q2 (19) | 4.60 | 10.84 | -0.22 | 21.76 | -3.84 | 2.02 | 19.75 | -4.64 | 2.38 | 22.07 | -1.12 | 0.55 | 17.96 | -3.85 | -2.87 | 5.98 | 6.98 | -0.33 | 2.80 | 2.19 | 5.66 | 0.15 | 0.0 | 7.14 | 28.21 | -1.43 | 0.07 | 110.93 | -8.67 | -11.01 | 89.44 | -3.7 | 1.64 | 10.56 | 48.19 | -13.69 | 15.23 | -15.67 | -9.61 |
| 24Q1 (18) | 4.15 | 33.87 | 3.49 | 22.63 | 34.86 | -6.8 | 20.71 | 41.56 | -6.59 | 22.32 | 25.11 | -4.53 | 18.68 | 28.47 | -9.71 | 5.59 | 44.44 | -9.69 | 2.74 | 37.0 | -3.86 | 0.15 | 15.38 | 7.14 | 28.62 | 15.4 | -3.73 | 121.46 | 32.12 | -10.59 | 92.87 | 13.23 | -2.12 | 7.13 | -60.37 | 39.29 | 18.06 | -8.19 | -1.1 |
| 23Q4 (17) | 3.10 | -33.33 | -12.43 | 16.78 | -24.58 | -8.31 | 14.63 | -27.75 | -8.73 | 17.84 | -17.9 | -2.89 | 14.54 | -18.36 | -20.11 | 3.87 | -33.96 | -28.07 | 2.00 | -28.57 | -23.37 | 0.13 | -13.33 | -7.14 | 24.80 | -10.53 | -0.04 | 91.93 | -10.72 | -13.83 | 82.02 | -11.93 | -5.79 | 17.98 | 161.6 | 42.18 | 19.67 | 26.25 | 44.53 |
| 23Q3 (16) | 4.65 | 0.87 | 7.14 | 22.25 | 4.31 | -4.55 | 20.25 | 4.98 | -5.51 | 21.73 | -1.0 | -5.27 | 17.81 | -3.68 | -4.14 | 5.86 | -2.33 | -3.3 | 2.80 | 5.66 | 1.08 | 0.15 | 7.14 | 0.0 | 27.72 | -1.67 | -4.64 | 102.97 | -17.39 | -8.53 | 93.13 | 5.83 | -0.48 | 6.87 | -43.82 | 3.34 | 15.58 | -7.54 | -6.14 |
| 23Q2 (15) | 4.61 | 14.96 | 21.96 | 21.33 | -12.15 | -13.22 | 19.29 | -12.99 | -11.76 | 21.95 | -6.12 | -3.94 | 18.49 | -10.63 | 2.84 | 6.00 | -3.07 | 16.5 | 2.65 | -7.02 | 10.42 | 0.14 | 0.0 | 7.69 | 28.19 | -5.18 | -5.05 | 124.65 | -8.24 | -6.0 | 88.00 | -7.25 | -8.19 | 12.24 | 139.14 | 177.81 | 16.85 | -7.72 | -6.75 |
| 23Q1 (14) | 4.01 | 13.28 | 22.63 | 24.28 | 32.68 | -0.61 | 22.17 | 38.3 | 1.65 | 23.38 | 27.27 | 4.38 | 20.69 | 13.68 | 15.65 | 6.19 | 15.06 | 32.26 | 2.85 | 9.2 | 24.45 | 0.14 | 0.0 | 7.69 | 29.73 | 19.83 | 1.02 | 135.84 | 27.32 | 27.79 | 94.88 | 8.99 | -2.65 | 5.12 | -59.55 | 101.81 | 18.26 | 34.17 | -10.93 |
| 22Q4 (13) | 3.54 | -18.43 | 31.6 | 18.30 | -21.49 | -12.69 | 16.03 | -25.2 | -13.77 | 18.37 | -19.92 | -3.52 | 18.20 | -2.05 | 16.37 | 5.38 | -11.22 | 29.33 | 2.61 | -5.78 | 24.88 | 0.14 | -6.67 | 7.69 | 24.81 | -14.65 | -3.76 | 106.69 | -5.22 | -1.53 | 87.06 | -6.97 | -10.8 | 12.65 | 90.14 | 427.56 | 13.61 | -18.01 | -21.92 |
| 22Q3 (12) | 4.34 | 14.81 | 7.96 | 23.31 | -5.17 | -8.77 | 21.43 | -1.97 | -5.09 | 22.94 | 0.39 | -9.26 | 18.58 | 3.34 | -7.56 | 6.06 | 17.67 | 2.71 | 2.77 | 15.42 | -4.15 | 0.15 | 15.38 | 7.14 | 29.07 | -2.09 | -5.46 | 112.57 | -15.11 | 17.02 | 93.58 | -2.38 | 4.72 | 6.65 | 51.03 | -37.51 | 16.60 | -8.14 | -9.59 |
| 22Q2 (11) | 3.78 | 15.6 | 11.5 | 24.58 | 0.61 | -5.02 | 21.86 | 0.23 | -4.04 | 22.85 | 2.01 | -5.38 | 17.98 | 0.5 | -3.95 | 5.15 | 10.04 | 9.81 | 2.40 | 4.8 | -2.04 | 0.13 | 0.0 | 0.0 | 29.69 | 0.88 | -2.37 | 132.60 | 24.74 | 11.3 | 95.85 | -1.65 | 1.55 | 4.40 | 73.72 | -21.42 | 18.07 | -11.85 | -14.56 |
| 22Q1 (10) | 3.27 | 21.56 | 6.86 | 24.43 | 16.56 | -1.25 | 21.81 | 17.32 | 1.77 | 22.40 | 17.65 | 0.04 | 17.89 | 14.39 | 0.06 | 4.68 | 12.5 | 7.09 | 2.29 | 9.57 | -10.2 | 0.13 | 0.0 | -7.14 | 29.43 | 14.16 | 4.7 | 106.30 | -1.89 | 44.68 | 97.46 | -0.14 | 1.63 | 2.54 | 5.75 | -42.6 | 20.50 | 17.61 | -5.18 |
| 21Q4 (9) | 2.69 | -33.08 | -0.37 | 20.96 | -17.96 | -4.77 | 18.59 | -17.67 | 0.65 | 19.04 | -24.68 | -4.08 | 15.64 | -22.19 | -5.84 | 4.16 | -29.49 | -4.37 | 2.09 | -27.68 | -17.39 | 0.13 | -7.14 | -13.33 | 25.78 | -16.16 | 1.38 | 108.35 | 12.63 | 44.54 | 97.60 | 9.23 | 4.89 | 2.40 | -77.48 | -65.48 | 17.43 | -5.07 | -3.11 |
| 21Q3 (8) | 4.02 | 18.58 | 6.63 | 25.55 | -1.28 | -3.62 | 22.58 | -0.88 | -5.48 | 25.28 | 4.68 | -0.24 | 20.10 | 7.37 | -2.28 | 5.90 | 25.8 | -2.16 | 2.89 | 17.96 | -12.95 | 0.14 | 7.69 | -12.5 | 30.75 | 1.12 | 0.42 | 96.20 | -19.25 | 26.11 | 89.36 | -5.34 | -5.04 | 10.64 | 89.9 | 88.68 | 18.36 | -13.19 | 5.88 |
| 21Q2 (7) | 3.39 | 10.78 | 11.88 | 25.88 | 4.61 | 4.65 | 22.78 | 6.3 | 6.0 | 24.15 | 7.86 | 6.15 | 18.72 | 4.7 | 1.35 | 4.69 | 7.32 | 2.63 | 2.45 | -3.92 | -6.84 | 0.13 | -7.14 | -7.14 | 30.41 | 8.18 | 7.38 | 119.14 | 62.16 | 27.44 | 94.40 | -1.57 | -0.07 | 5.60 | 26.91 | 1.21 | 21.15 | -2.17 | 0 |
| 21Q1 (6) | 3.06 | 13.33 | 0.33 | 24.74 | 12.4 | -2.64 | 21.43 | 16.03 | -2.24 | 22.39 | 12.8 | -2.27 | 17.88 | 7.65 | -3.82 | 4.37 | 0.46 | 3.31 | 2.55 | 0.79 | -1.92 | 0.14 | -6.67 | 0.0 | 28.11 | 10.54 | -6.77 | 73.47 | -1.99 | 13.48 | 95.90 | 3.06 | 0.27 | 4.42 | -36.4 | 1.24 | 21.62 | 20.18 | 2.22 |
| 20Q4 (5) | 2.70 | -28.38 | 10.2 | 22.01 | -16.97 | 1.62 | 18.47 | -22.69 | 0.93 | 19.85 | -21.67 | -11.38 | 16.61 | -19.25 | -14.73 | 4.35 | -27.86 | -7.25 | 2.53 | -23.8 | -8.66 | 0.15 | -6.25 | 7.14 | 25.43 | -16.95 | -5.04 | 74.96 | -1.73 | 6.19 | 93.06 | -1.11 | 13.91 | 6.94 | 23.11 | -62.06 | 17.99 | 3.75 | -14.66 |
| 20Q3 (4) | 3.77 | 24.42 | 0.0 | 26.51 | 7.2 | 0.0 | 23.89 | 11.17 | 0.0 | 25.34 | 11.38 | 0.0 | 20.57 | 11.37 | 0.0 | 6.03 | 31.95 | 0.0 | 3.32 | 26.24 | 0.0 | 0.16 | 14.29 | 0.0 | 30.62 | 8.12 | 0.0 | 76.28 | -18.41 | 0.0 | 94.10 | -0.38 | 0.0 | 5.64 | 1.87 | 0.0 | 17.34 | 0 | 0.0 |
| 20Q2 (3) | 3.03 | -0.66 | 0.0 | 24.73 | -2.68 | 0.0 | 21.49 | -1.96 | 0.0 | 22.75 | -0.7 | 0.0 | 18.47 | -0.65 | 0.0 | 4.57 | 8.04 | 0.0 | 2.63 | 1.15 | 0.0 | 0.14 | 0.0 | 0.0 | 28.32 | -6.07 | 0.0 | 93.49 | 44.41 | 0.0 | 94.46 | -1.23 | 0.0 | 5.54 | 26.94 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | 3.05 | 24.49 | 0.0 | 25.41 | 17.31 | 0.0 | 21.92 | 19.78 | 0.0 | 22.91 | 2.28 | 0.0 | 18.59 | -4.57 | 0.0 | 4.23 | -9.81 | 0.0 | 2.60 | -6.14 | 0.0 | 0.14 | 0.0 | 0.0 | 30.15 | 12.58 | 0.0 | 64.74 | -8.29 | 0.0 | 95.64 | 17.07 | 0.0 | 4.36 | -76.17 | 0.0 | 21.15 | 0.33 | 0.0 |
| 19Q4 (1) | 2.45 | 0.0 | 0.0 | 21.66 | 0.0 | 0.0 | 18.30 | 0.0 | 0.0 | 22.40 | 0.0 | 0.0 | 19.48 | 0.0 | 0.0 | 4.69 | 0.0 | 0.0 | 2.77 | 0.0 | 0.0 | 0.14 | 0.0 | 0.0 | 26.78 | 0.0 | 0.0 | 70.59 | 0.0 | 0.0 | 81.69 | 0.0 | 0.0 | 18.31 | 0.0 | 0.0 | 21.08 | 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) | 16.36 | 9.73 | 21.23 | -5.85 | 19.16 | -5.15 | 5.11 | -0.72 | 21.28 | -1.44 | 17.92 | -1.43 | 20.64 | -0.48 | 10.55 | 3.84 | 0.58 | 5.45 | 27.66 | -1.81 | 91.93 | -13.83 | 90.08 | -3.7 | 9.98 | 54.61 | 6.86 | -4.59 | 17.50 | 2.64 |
| 2022 (9) | 14.91 | 13.38 | 22.55 | -7.01 | 20.20 | -5.3 | 5.15 | -2.96 | 21.59 | -4.97 | 18.18 | 0.44 | 20.74 | 11.09 | 10.16 | 2.73 | 0.55 | 1.85 | 28.17 | -2.09 | 106.69 | -1.53 | 93.54 | -0.34 | 6.46 | 5.24 | 7.19 | -12.93 | 17.05 | -12.79 |
| 2021 (8) | 13.15 | 4.95 | 24.25 | -1.7 | 21.33 | -0.65 | 5.31 | 2.11 | 22.72 | -0.13 | 18.10 | -2.64 | 18.67 | 0.16 | 9.89 | -10.42 | 0.54 | -6.9 | 28.77 | 0.49 | 108.35 | 44.54 | 93.87 | -0.55 | 6.13 | 9.23 | 8.25 | 499.99 | 19.55 | 0.98 |
| 2020 (7) | 12.53 | 3.64 | 24.67 | -2.34 | 21.47 | -2.5 | 5.20 | 22.92 | 22.75 | -5.05 | 18.59 | -6.86 | 18.64 | -3.37 | 11.04 | -5.64 | 0.58 | 1.75 | 28.63 | -1.31 | 74.96 | 6.19 | 94.38 | 2.68 | 5.62 | -30.48 | 1.38 | -3.49 | 19.36 | -6.43 |
| 2019 (6) | 12.09 | 0.42 | 25.26 | -6.38 | 22.02 | -5.45 | 4.23 | 176.92 | 23.96 | -5.93 | 19.96 | -1.33 | 19.29 | 4.78 | 11.70 | -4.33 | 0.57 | -5.0 | 29.01 | 5.72 | 70.59 | 4.72 | 91.92 | 0.55 | 8.08 | -5.88 | 1.43 | -4.87 | 20.69 | -5.91 |
| 2018 (5) | 12.04 | 5.52 | 26.98 | -4.02 | 23.29 | -3.16 | 1.53 | 279.98 | 25.47 | 2.21 | 20.23 | -5.56 | 18.41 | 0.71 | 12.23 | -8.66 | 0.60 | -3.23 | 27.44 | 6.81 | 67.41 | 93.1 | 91.42 | -5.27 | 8.58 | 145.61 | 1.50 | 0 | 21.99 | -1.52 |
| 2017 (4) | 11.41 | -10.86 | 28.11 | -22.63 | 24.05 | -26.77 | 0.40 | 32.75 | 24.92 | -25.52 | 21.42 | -25.81 | 18.28 | -34.99 | 13.39 | -30.15 | 0.62 | -6.06 | 25.69 | -24.8 | 34.91 | -10.62 | 96.51 | -1.66 | 3.49 | 86.91 | 0.00 | 0 | 22.33 | 7.93 |
| 2016 (3) | 12.80 | 18.08 | 36.33 | 39.78 | 32.84 | 49.82 | 0.30 | -22.84 | 33.46 | 40.88 | 28.87 | 40.42 | 28.12 | 60.87 | 19.17 | 68.6 | 0.66 | 20.0 | 34.16 | 37.96 | 39.06 | -30.1 | 98.13 | 6.36 | 1.87 | -75.84 | 0.00 | 0 | 20.69 | -7.88 |
| 2015 (2) | 10.84 | 2.75 | 25.99 | -1.25 | 21.92 | -0.27 | 0.39 | -9.44 | 23.75 | -0.04 | 20.56 | 1.28 | 17.48 | 0.17 | 11.37 | 0.35 | 0.55 | 0.0 | 24.76 | -0.64 | 55.88 | 2.63 | 92.26 | -0.36 | 7.74 | 3.05 | 0.00 | 0 | 22.46 | -3.52 |
| 2014 (1) | 10.55 | 4.87 | 26.32 | 0 | 21.98 | 0 | 0.43 | -9.77 | 23.76 | 0 | 20.30 | 0 | 17.45 | 0 | 11.33 | 0 | 0.55 | 3.77 | 24.92 | 3.27 | 54.45 | -6.59 | 92.60 | -4.83 | 7.51 | 177.24 | 0.00 | 0 | 23.28 | -3.32 |
