- 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 | |||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 24Q2 (20) | 3.46 | 0.0 | -0.57 | 62.51 | -4.33 | -6.13 | 11.98 | -20.24 | -32.77 | 11.99 | -18.82 | -34.45 | 9.62 | -17.78 | -33.79 | 8.18 | 7.21 | -13.62 | 3.97 | -3.87 | -39.57 | 0.40 | 14.29 | -11.11 | 13.37 | -18.48 | -28.81 | 107.72 | -6.44 | 143.82 | 100.00 | -1.65 | 2.56 | 0.00 | 100.0 | -100.0 | 6.19 | -38.16 | -14.27 |
| 24Q1 (19) | 3.46 | -23.79 | 11.25 | 65.34 | 1.6 | -5.13 | 15.02 | 0.67 | -14.32 | 14.77 | -0.4 | -18.4 | 11.70 | -1.27 | -19.37 | 7.63 | -19.0 | -0.13 | 4.13 | -27.42 | -26.38 | 0.35 | -25.53 | -10.26 | 16.40 | 3.54 | -12.3 | 115.13 | 70.03 | 157.91 | 101.68 | 1.02 | 5.11 | -1.68 | -157.14 | -151.54 | 10.01 | 80.36 | 17.63 |
| 23Q4 (18) | 4.54 | 14.36 | 28.61 | 64.31 | -1.2 | -2.85 | 14.92 | -17.39 | -3.18 | 14.83 | -17.34 | -15.35 | 11.85 | -15.36 | -16.73 | 9.42 | -0.74 | 8.53 | 5.69 | -7.78 | -18.25 | 0.47 | 9.3 | -4.08 | 15.84 | -20.2 | -12.63 | 67.71 | -0.82 | 135.35 | 100.65 | -0.06 | 14.22 | -0.65 | 8.5 | -105.5 | 5.55 | -39.94 | -17.9 |
| 23Q3 (17) | 3.97 | 14.08 | 139.16 | 65.09 | -2.25 | -2.52 | 18.06 | 1.35 | 46.0 | 17.94 | -1.91 | 42.72 | 14.00 | -3.65 | 42.86 | 9.49 | 0.21 | 115.68 | 6.17 | -6.09 | 78.84 | 0.43 | -4.44 | 22.86 | 19.85 | 5.7 | 49.47 | 68.27 | 54.53 | 227.43 | 100.71 | 3.3 | 2.77 | -0.71 | -128.57 | -135.71 | 9.24 | 27.98 | -0.65 |
| 23Q2 (16) | 3.48 | 11.9 | 182.93 | 66.59 | -3.31 | 9.67 | 17.82 | 1.65 | 70.04 | 18.29 | 1.05 | 111.69 | 14.53 | 0.14 | 134.73 | 9.47 | 23.95 | 215.67 | 6.57 | 17.11 | 197.29 | 0.45 | 15.38 | 28.57 | 18.78 | 0.43 | 96.86 | 44.18 | -1.03 | 26.45 | 97.50 | 0.79 | -20.64 | 2.50 | -23.33 | 110.94 | 7.22 | -15.16 | 4.79 |
| 23Q1 (15) | 3.11 | -11.9 | 84.02 | 68.87 | 4.03 | 1.98 | 17.53 | 13.76 | 38.36 | 18.10 | 3.31 | 36.09 | 14.51 | 1.97 | 32.75 | 7.64 | -11.98 | 92.93 | 5.61 | -19.4 | 80.39 | 0.39 | -20.41 | 39.29 | 18.70 | 3.14 | 30.5 | 44.64 | 55.16 | 17.44 | 96.74 | 9.78 | 1.46 | 3.26 | -72.55 | -29.89 | 8.51 | 25.89 | -13.95 |
| 22Q4 (14) | 3.53 | 112.65 | 42.34 | 66.20 | -0.85 | 0.06 | 15.41 | 24.58 | -3.45 | 17.52 | 39.38 | 7.42 | 14.23 | 45.2 | 9.46 | 8.68 | 97.27 | 55.83 | 6.96 | 101.74 | 48.72 | 0.49 | 40.0 | 36.11 | 18.13 | 36.52 | 7.15 | 28.77 | 37.99 | 56.53 | 88.12 | -10.08 | -9.08 | 11.88 | 494.06 | 672.28 | 6.76 | -27.31 | -9.26 |
| 22Q3 (13) | 1.66 | 34.96 | 26.72 | 66.77 | 9.96 | -1.78 | 12.37 | 18.03 | -3.74 | 12.57 | 45.49 | 9.78 | 9.80 | 58.32 | 13.03 | 4.40 | 46.67 | 41.03 | 3.45 | 56.11 | 43.15 | 0.35 | 0.0 | 25.0 | 13.28 | 39.2 | 6.92 | 20.85 | -40.33 | 4.51 | 98.00 | -20.23 | -11.8 | 2.00 | 108.75 | 118.0 | 9.30 | 34.98 | -7.28 |
| 22Q2 (12) | 1.23 | -27.22 | -5.38 | 60.72 | -10.08 | -10.11 | 10.48 | -17.28 | -10.12 | 8.64 | -35.04 | -15.29 | 6.19 | -43.37 | -24.97 | 3.00 | -24.24 | -10.45 | 2.21 | -28.94 | -7.14 | 0.35 | 25.0 | 20.69 | 9.54 | -33.43 | -13.35 | 34.94 | -8.08 | -13.86 | 122.86 | 28.85 | 6.69 | -22.86 | -591.43 | -50.86 | 6.89 | -30.33 | -25.67 |
| 22Q1 (11) | 1.69 | -31.85 | -3.43 | 67.53 | 2.07 | -4.7 | 12.67 | -20.61 | -11.83 | 13.30 | -18.45 | -7.32 | 10.93 | -15.92 | -4.12 | 3.96 | -28.9 | -10.41 | 3.11 | -33.55 | -7.99 | 0.28 | -22.22 | -6.67 | 14.33 | -15.31 | -6.71 | 38.01 | 106.8 | -10.01 | 95.35 | -1.62 | -4.65 | 4.65 | 202.33 | 0 | 9.89 | 32.75 | 0.61 |
| 21Q4 (10) | 2.48 | 89.31 | 106.67 | 66.16 | -2.68 | -2.09 | 15.96 | 24.2 | 114.8 | 16.31 | 42.45 | 133.0 | 13.00 | 49.94 | 136.79 | 5.57 | 78.53 | 75.16 | 4.68 | 94.19 | 86.45 | 0.36 | 28.57 | -21.74 | 16.92 | 36.23 | 117.2 | 18.38 | -7.87 | -12.97 | 96.92 | -12.77 | -9.54 | 1.54 | 113.85 | 121.54 | 7.45 | -25.72 | 19.39 |
| 21Q3 (9) | 1.31 | 0.77 | -10.88 | 67.98 | 0.64 | -2.97 | 12.85 | 10.21 | 22.97 | 11.45 | 12.25 | 20.65 | 8.67 | 5.09 | 13.93 | 3.12 | -6.87 | -41.9 | 2.41 | 1.26 | -31.53 | 0.28 | -3.45 | -39.13 | 12.42 | 12.81 | 18.62 | 19.95 | -50.81 | -46.96 | 111.11 | -3.51 | 1.85 | -11.11 | 26.67 | -22.22 | 10.03 | 8.2 | 22.77 |
| 21Q2 (8) | 1.30 | -25.71 | -38.97 | 67.55 | -4.67 | -3.38 | 11.66 | -18.86 | -19.2 | 10.20 | -28.92 | -28.22 | 8.25 | -27.63 | -28.01 | 3.35 | -24.21 | -59.88 | 2.38 | -29.59 | -52.11 | 0.29 | -3.33 | -32.56 | 11.01 | -28.32 | -27.33 | 40.56 | -3.98 | -41.66 | 115.15 | 15.15 | 12.75 | -15.15 | 0 | -612.12 | 9.27 | -5.7 | 13.74 |
| 21Q1 (7) | 1.75 | 45.83 | -11.62 | 70.86 | 4.87 | 5.4 | 14.37 | 93.41 | -18.21 | 14.35 | 105.0 | -17.24 | 11.40 | 107.65 | -16.61 | 4.42 | 38.99 | -39.12 | 3.38 | 34.66 | -31.99 | 0.30 | -34.78 | -16.67 | 15.36 | 97.18 | -17.77 | 42.24 | 100.0 | -37.42 | 100.00 | -6.67 | 0.0 | 0.00 | 100.0 | 100.0 | 9.83 | 57.53 | 2.93 |
| 20Q4 (6) | 1.20 | -18.37 | -8.4 | 67.57 | -3.55 | 1.72 | 7.43 | -28.9 | -43.24 | 7.00 | -26.24 | -42.34 | 5.49 | -27.86 | -43.23 | 3.18 | -40.78 | -35.37 | 2.51 | -28.69 | -34.46 | 0.46 | 0.0 | 17.95 | 7.79 | -25.6 | -39.42 | 21.12 | -43.84 | -29.65 | 107.14 | -1.79 | -1.54 | -7.14 | 21.43 | 19.05 | 6.24 | -23.62 | 0 |
| 20Q3 (5) | 1.47 | -30.99 | 20.49 | 70.06 | 0.21 | 8.57 | 10.45 | -27.58 | 5.88 | 9.49 | -33.22 | -5.67 | 7.61 | -33.6 | -4.87 | 5.37 | -35.69 | 46.32 | 3.52 | -29.18 | 36.43 | 0.46 | 6.98 | 43.75 | 10.47 | -30.89 | -8.64 | 37.61 | -45.9 | 32.29 | 109.09 | 6.82 | 9.09 | -9.09 | -327.27 | 0 | 8.17 | 0.25 | 0 |
| 20Q2 (4) | 2.13 | 7.58 | 0.0 | 69.91 | 3.99 | 0.0 | 14.43 | -17.87 | 0.0 | 14.21 | -18.05 | 0.0 | 11.46 | -16.17 | 0.0 | 8.35 | 15.01 | 0.0 | 4.97 | 0.0 | 0.0 | 0.43 | 19.44 | 0.0 | 15.15 | -18.9 | 0.0 | 69.52 | 2.99 | 0.0 | 102.13 | 2.13 | 0.0 | -2.13 | 4.26 | 0.0 | 8.15 | -14.66 | 0.0 |
| 20Q1 (3) | 1.98 | 51.15 | 0.0 | 67.23 | 1.2 | 0.0 | 17.57 | 34.22 | 0.0 | 17.34 | 42.83 | 0.0 | 13.67 | 41.37 | 0.0 | 7.26 | 47.56 | 0.0 | 4.97 | 29.77 | 0.0 | 0.36 | -7.69 | 0.0 | 18.68 | 45.26 | 0.0 | 67.50 | 124.85 | 0.0 | 100.00 | -8.11 | 0.0 | -2.22 | 74.81 | 0.0 | 9.55 | 0 | 0.0 |
| 19Q4 (2) | 1.31 | 7.38 | 0.0 | 66.43 | 2.94 | 0.0 | 13.09 | 32.62 | 0.0 | 12.14 | 20.68 | 0.0 | 9.67 | 20.88 | 0.0 | 4.92 | 34.06 | 0.0 | 3.83 | 48.45 | 0.0 | 0.39 | 21.88 | 0.0 | 12.86 | 12.22 | 0.0 | 30.02 | 5.59 | 0.0 | 108.82 | 8.82 | 0.0 | -8.82 | 0 | 0.0 | 0.00 | 0 | 0.0 |
| 19Q3 (1) | 1.22 | 0.0 | 0.0 | 64.53 | 0.0 | 0.0 | 9.87 | 0.0 | 0.0 | 10.06 | 0.0 | 0.0 | 8.00 | 0.0 | 0.0 | 3.67 | 0.0 | 0.0 | 2.58 | 0.0 | 0.0 | 0.32 | 0.0 | 0.0 | 11.46 | 0.0 | 0.0 | 28.43 | 0.0 | 0.0 | 100.00 | 0.0 | 0.0 | 0.00 | 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) | 14.66 | 88.19 | 65.80 | 0.81 | 16.83 | 29.46 | 0.77 | 46.77 | 16.97 | 26.17 | 13.46 | 26.38 | 34.15 | 82.23 | 22.83 | 50.3 | 1.68 | 18.31 | 18.02 | 26.63 | 67.71 | 135.35 | 99.21 | 2.78 | 0.79 | -77.23 | 1.67 | 326.16 | 7.39 | -7.39 |
| 2022 (9) | 7.79 | 13.89 | 65.27 | -4.04 | 13.00 | -6.0 | 0.53 | -20.61 | 13.45 | 1.51 | 10.65 | 1.62 | 18.74 | 20.59 | 15.19 | 16.67 | 1.42 | 14.52 | 14.23 | 0.99 | 28.77 | 56.53 | 96.52 | -7.09 | 3.48 | 0 | 0.39 | -11.54 | 7.98 | -11.82 |
| 2021 (8) | 6.84 | 3.95 | 68.02 | -1.03 | 13.83 | 16.12 | 0.66 | -11.79 | 13.25 | 15.92 | 10.48 | 15.16 | 15.54 | -9.07 | 13.02 | -5.52 | 1.24 | -17.88 | 14.09 | 13.45 | 18.38 | -12.97 | 103.89 | -0.06 | -4.44 | 0 | 0.44 | -21.55 | 9.05 | 15.29 |
| 2020 (7) | 6.58 | 27.27 | 68.73 | 4.25 | 11.91 | -9.43 | 0.75 | -22.42 | 11.43 | -12.75 | 9.10 | -12.5 | 17.09 | -8.07 | 13.78 | -4.7 | 1.51 | 9.42 | 12.42 | -12.9 | 21.12 | -29.65 | 103.95 | 3.18 | -3.95 | 0 | 0.57 | 31.95 | 7.85 | -5.99 |
| 2019 (6) | 5.17 | -49.61 | 65.93 | 1.48 | 13.15 | -38.75 | 0.97 | 406.3 | 13.10 | -41.04 | 10.40 | -42.22 | 18.59 | -55.76 | 14.46 | -51.75 | 1.38 | -16.87 | 14.26 | -36.93 | 30.02 | 6.3 | 100.74 | 4.34 | -0.74 | 0 | 0.43 | -15.36 | 8.35 | 7.74 |
| 2018 (5) | 10.26 | 29.06 | 64.97 | 13.37 | 21.47 | 59.99 | 0.19 | 69.73 | 22.22 | 72.25 | 18.00 | 67.13 | 42.02 | 19.24 | 29.97 | 40.37 | 1.66 | -16.16 | 22.61 | 74.19 | 28.24 | -57.67 | 96.55 | -7.51 | 3.45 | 0 | 0.51 | 0 | 7.75 | 3.75 |
| 2017 (4) | 7.95 | -18.63 | 57.31 | 2.95 | 13.42 | 24.03 | 0.11 | 0 | 12.90 | 17.06 | 10.77 | 18.09 | 35.24 | -5.6 | 21.35 | 6.43 | 1.98 | -10.0 | 12.98 | 16.1 | 66.71 | 5.39 | 104.39 | 5.97 | -4.39 | 0 | 0.00 | 0 | 7.47 | 45.33 |
| 2016 (3) | 9.77 | -39.58 | 55.67 | 44.48 | 10.82 | 110.51 | 0.00 | 0 | 11.02 | 87.1 | 9.12 | 80.24 | 37.33 | 0 | 20.06 | 0 | 2.20 | 0 | 11.18 | 78.59 | 63.30 | -75.67 | 98.51 | 10.33 | 1.49 | -89.55 | 0.00 | 0 | 5.14 | 55.76 |
| 2015 (2) | 16.17 | 0 | 38.53 | 0 | 5.14 | 0 | 0.00 | 0 | 5.89 | 0 | 5.06 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 6.26 | 0 | 260.14 | 0 | 89.29 | 0 | 14.29 | 0 | 0.00 | 0 | 3.30 | 0 |
