- 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 | |||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 24Q4 (20) | 1.14 | -17.39 | -9.52 | 19.29 | -7.92 | 11.57 | 9.74 | -11.21 | 16.65 | 8.85 | -26.43 | -3.8 | 7.28 | -24.48 | -7.85 | 4.45 | -14.42 | -14.91 | 1.93 | -4.93 | -7.66 | 0.23 | 15.0 | -8.0 | 20.41 | -18.81 | 2.98 | 157.03 | -4.88 | -1.97 | 109.98 | 20.68 | 21.18 | -10.00 | -212.65 | -208.14 | 5.63 | -10.92 | 7.24 |
| 24Q3 (19) | 1.38 | 28.97 | 32.69 | 20.95 | 3.56 | 7.11 | 10.97 | 5.79 | 10.25 | 12.03 | 25.97 | 25.71 | 9.64 | 25.19 | 23.59 | 5.20 | 29.03 | 3.79 | 2.03 | 23.03 | 6.28 | 0.20 | 0.0 | -13.04 | 25.14 | 9.11 | 18.19 | 165.08 | -8.71 | -4.83 | 91.13 | -16.09 | -12.37 | 8.87 | 203.2 | 322.26 | 6.32 | 3.27 | 5.69 |
| 24Q2 (18) | 1.07 | 9.18 | -0.93 | 20.23 | 4.87 | 1.91 | 10.37 | 7.57 | 0.78 | 9.55 | 6.7 | -4.31 | 7.70 | 6.8 | -4.58 | 4.03 | 10.11 | -18.59 | 1.65 | 5.77 | -15.82 | 0.20 | 0.0 | -13.04 | 23.04 | 0.52 | 7.46 | 180.84 | 23.5 | -1.12 | 108.60 | 0.83 | 5.33 | -8.60 | -11.6 | -174.71 | 6.12 | 0.49 | 5.7 |
| 24Q1 (17) | 0.98 | -22.22 | 2.08 | 19.29 | 11.57 | -1.28 | 9.64 | 15.45 | -3.31 | 8.95 | -2.72 | -5.19 | 7.21 | -8.73 | -3.61 | 3.66 | -30.02 | -15.28 | 1.56 | -25.36 | -11.86 | 0.20 | -20.0 | -9.09 | 22.92 | 15.64 | 9.35 | 146.43 | -8.58 | -3.35 | 107.70 | 18.67 | 1.96 | -7.70 | -183.35 | -36.63 | 6.09 | 16.0 | 0.33 |
| 23Q4 (16) | 1.26 | 21.15 | 43.18 | 17.29 | -11.61 | -2.37 | 8.35 | -16.08 | -2.22 | 9.20 | -3.87 | 20.73 | 7.90 | 1.28 | 31.23 | 5.23 | 4.39 | 21.91 | 2.09 | 9.42 | 23.67 | 0.25 | 8.7 | -3.85 | 19.82 | -6.82 | 14.24 | 160.18 | -7.66 | -2.93 | 90.76 | -12.73 | -19.09 | 9.24 | 331.54 | 175.96 | 5.25 | -12.21 | 2.34 |
| 23Q3 (15) | 1.04 | -3.7 | 2.97 | 19.56 | -1.46 | -0.66 | 9.95 | -3.3 | -1.29 | 9.57 | -4.11 | -5.15 | 7.80 | -3.35 | -3.47 | 5.01 | 1.21 | 3.51 | 1.91 | -2.55 | 6.11 | 0.23 | 0.0 | 9.52 | 21.27 | -0.79 | -4.1 | 173.46 | -5.16 | 0.42 | 103.99 | 0.86 | 4.2 | -3.99 | -27.55 | -2429.77 | 5.98 | 3.28 | -1.97 |
| 23Q2 (14) | 1.08 | 12.5 | 1.89 | 19.85 | 1.59 | -1.19 | 10.29 | 3.21 | -3.11 | 9.98 | 5.72 | -3.39 | 8.07 | 7.89 | -3.58 | 4.95 | 14.58 | 1.64 | 1.96 | 10.73 | 3.7 | 0.23 | 4.55 | 4.55 | 21.44 | 2.29 | -3.21 | 182.89 | 20.72 | -3.78 | 103.11 | -2.4 | 0.27 | -3.13 | 44.49 | -10.46 | 5.79 | -4.61 | 1.05 |
| 23Q1 (13) | 0.96 | 9.09 | -1.03 | 19.54 | 10.33 | -2.69 | 9.97 | 16.74 | -3.3 | 9.44 | 23.88 | -5.69 | 7.48 | 24.25 | -6.73 | 4.32 | 0.7 | 1.41 | 1.77 | 4.73 | 1.72 | 0.22 | -15.38 | 4.76 | 20.96 | 20.81 | -5.54 | 151.50 | -8.19 | 2.28 | 105.64 | -5.82 | 2.57 | -5.64 | 53.66 | -88.74 | 6.07 | 18.32 | -2.25 |
| 22Q4 (12) | 0.88 | -12.87 | 0.0 | 17.71 | -10.06 | -2.21 | 8.54 | -15.28 | -2.4 | 7.62 | -24.48 | -8.74 | 6.02 | -25.5 | -9.47 | 4.29 | -11.36 | 2.39 | 1.69 | -6.11 | 2.42 | 0.26 | 23.81 | 8.33 | 17.35 | -21.78 | -9.4 | 165.02 | -4.47 | 2.73 | 112.17 | 12.39 | 6.96 | -12.17 | -7201.58 | -149.7 | 5.13 | -15.9 | -11.55 |
| 22Q3 (11) | 1.01 | -4.72 | 0.0 | 19.69 | -1.99 | -5.79 | 10.08 | -5.08 | -10.64 | 10.09 | -2.32 | -7.0 | 8.08 | -3.46 | -6.48 | 4.84 | -0.62 | 1.68 | 1.80 | -4.76 | 1.12 | 0.21 | -4.55 | 5.0 | 22.18 | 0.14 | -6.06 | 172.74 | -9.12 | 1.88 | 99.80 | -2.95 | -4.01 | 0.17 | 106.05 | 104.32 | 6.10 | 6.46 | -3.63 |
| 22Q2 (10) | 1.06 | 9.28 | 4.95 | 20.09 | 0.05 | -3.18 | 10.62 | 3.01 | -4.15 | 10.33 | 3.2 | -3.64 | 8.37 | 4.36 | -3.57 | 4.87 | 14.32 | 3.4 | 1.89 | 8.62 | 2.16 | 0.22 | 4.76 | 4.76 | 22.15 | -0.18 | -3.99 | 190.08 | 28.32 | 2.77 | 102.83 | -0.15 | -0.48 | -2.83 | 5.15 | 14.78 | 5.73 | -7.73 | -4.98 |
| 22Q1 (9) | 0.97 | 10.23 | -3.96 | 20.08 | 10.88 | -4.7 | 10.31 | 17.83 | 0.0 | 10.01 | 19.88 | -3.1 | 8.02 | 20.6 | -13.3 | 4.26 | 1.67 | -3.84 | 1.74 | 5.45 | -5.43 | 0.21 | -12.5 | 10.53 | 22.19 | 15.87 | -6.53 | 148.13 | -7.78 | 1.88 | 102.99 | -1.8 | 3.24 | -2.99 | 38.7 | -1311.35 | 6.21 | 7.07 | -6.19 |
| 21Q4 (8) | 0.88 | -12.87 | 17.33 | 18.11 | -13.35 | -9.9 | 8.75 | -22.43 | -6.62 | 8.35 | -23.04 | 0.48 | 6.65 | -23.03 | 4.23 | 4.19 | -11.97 | 21.1 | 1.65 | -7.3 | 17.02 | 0.24 | 20.0 | 14.29 | 19.15 | -18.89 | -6.4 | 160.63 | -5.26 | 2.7 | 104.87 | 0.87 | -6.99 | -4.87 | -22.81 | 61.68 | 5.80 | -8.37 | -1.19 |
| 21Q3 (7) | 1.01 | 0.0 | 1.0 | 20.90 | 0.72 | -13.17 | 11.28 | 1.81 | -8.29 | 10.85 | 1.21 | -10.99 | 8.64 | -0.46 | -11.93 | 4.76 | 1.06 | 5.78 | 1.78 | -3.78 | 0.0 | 0.20 | -4.76 | 17.65 | 23.61 | 2.34 | -11.37 | 169.55 | -8.33 | 6.23 | 103.97 | 0.62 | 3.02 | -3.97 | -19.34 | -331.77 | 6.33 | 4.98 | -9.7 |
| 21Q2 (6) | 1.01 | 0.0 | -6.48 | 20.75 | -1.52 | -18.02 | 11.08 | 7.47 | -16.0 | 10.72 | 3.78 | -18.6 | 8.68 | -6.16 | -17.96 | 4.71 | 6.32 | 1.29 | 1.85 | 0.54 | -4.15 | 0.21 | 10.53 | 16.67 | 23.07 | -2.82 | -12.94 | 184.96 | 27.22 | 10.91 | 103.33 | 3.58 | 3.2 | -3.33 | -1448.2 | -2645.32 | 6.03 | -8.91 | 0 |
| 21Q1 (5) | 1.01 | 34.67 | -14.41 | 21.07 | 4.83 | -18.87 | 10.31 | 10.03 | -26.72 | 10.33 | 24.31 | -23.99 | 9.25 | 44.98 | -17.34 | 4.43 | 28.03 | -6.54 | 1.84 | 30.5 | -16.74 | 0.19 | -9.52 | 0.0 | 23.74 | 16.03 | -11.85 | 145.39 | -7.04 | 7.99 | 99.75 | -11.53 | -3.63 | 0.25 | 101.94 | 107.03 | 6.62 | 12.78 | 0 |
| 20Q4 (4) | 0.75 | -25.0 | 0.0 | 20.10 | -16.49 | 0.0 | 9.37 | -23.82 | 0.0 | 8.31 | -31.83 | 0.0 | 6.38 | -34.96 | 0.0 | 3.46 | -23.11 | 0.0 | 1.41 | -20.79 | 0.0 | 0.21 | 23.53 | 0.0 | 20.46 | -23.2 | 0.0 | 156.40 | -2.01 | 0.0 | 112.75 | 11.72 | 0.0 | -12.72 | -1283.86 | 0.0 | 5.87 | -16.26 | 0.0 |
| 20Q3 (3) | 1.00 | -7.41 | 0.0 | 24.07 | -4.9 | 0.0 | 12.30 | -6.75 | 0.0 | 12.19 | -7.44 | 0.0 | 9.81 | -7.28 | 0.0 | 4.50 | -3.23 | 0.0 | 1.78 | -7.77 | 0.0 | 0.17 | -5.56 | 0.0 | 26.64 | 0.53 | 0.0 | 159.61 | -4.29 | 0.0 | 100.92 | 0.8 | 0.0 | -0.92 | -658.82 | 0.0 | 7.01 | 0 | 0.0 |
| 20Q2 (2) | 1.08 | -8.47 | 0.0 | 25.31 | -2.54 | 0.0 | 13.19 | -6.25 | 0.0 | 13.17 | -3.09 | 0.0 | 10.58 | -5.45 | 0.0 | 4.65 | -1.9 | 0.0 | 1.93 | -12.67 | 0.0 | 0.18 | -5.26 | 0.0 | 26.50 | -1.6 | 0.0 | 166.76 | 23.87 | 0.0 | 100.12 | -3.27 | 0.0 | -0.12 | 96.55 | 0.0 | 0.00 | 0 | 0.0 |
| 20Q1 (1) | 1.18 | 0.0 | 0.0 | 25.97 | 0.0 | 0.0 | 14.07 | 0.0 | 0.0 | 13.59 | 0.0 | 0.0 | 11.19 | 0.0 | 0.0 | 4.74 | 0.0 | 0.0 | 2.21 | 0.0 | 0.0 | 0.19 | 0.0 | 0.0 | 26.93 | 0.0 | 0.0 | 134.63 | 0.0 | 0.0 | 103.51 | 0.0 | 0.0 | -3.51 | 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 | ||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 (10) | 4.57 | 5.54 | 19.91 | 5.01 | 10.16 | 6.17 | 7.82 | 7.69 | 9.80 | 2.83 | 7.92 | 1.28 | 16.87 | -2.2 | 7.09 | 2.01 | 0.82 | -2.38 | 22.77 | 9.42 | 157.03 | -1.97 | 103.68 | 3.24 | -3.68 | 0 | 43.68 | -4.75 | 6.02 | 4.88 |
| 2023 (9) | 4.33 | 10.74 | 18.96 | -1.71 | 9.57 | -2.45 | 7.27 | -1.58 | 9.53 | 1.38 | 7.82 | 3.85 | 17.25 | -2.82 | 6.95 | -1.56 | 0.84 | -6.67 | 20.81 | 0.29 | 160.18 | -2.93 | 100.42 | -3.75 | -0.42 | 0 | 45.86 | 15.17 | 5.74 | -0.17 |
| 2022 (8) | 3.91 | 0.26 | 19.29 | -4.03 | 9.81 | -4.57 | 7.38 | -6.21 | 9.40 | -5.81 | 7.53 | -8.39 | 17.75 | 0.51 | 7.06 | -0.56 | 0.90 | 8.43 | 20.75 | -6.62 | 165.02 | 2.73 | 104.34 | 1.27 | -4.33 | 0 | 39.81 | -6.5 | 5.75 | -6.81 |
| 2021 (7) | 3.90 | -2.74 | 20.10 | -15.08 | 10.28 | -14.9 | 7.87 | -5.84 | 9.98 | -14.19 | 8.22 | -11.9 | 17.66 | 4.13 | 7.10 | -6.82 | 0.83 | 6.41 | 22.22 | -10.73 | 160.63 | 2.7 | 103.02 | -0.81 | -3.02 | 0 | 42.58 | -8.35 | 6.17 | -7.08 |
| 2020 (6) | 4.01 | -11.09 | 23.67 | -10.24 | 12.08 | -12.59 | 8.36 | -18.47 | 11.63 | -12.75 | 9.33 | -12.64 | 16.96 | -9.3 | 7.62 | -16.45 | 0.78 | -6.02 | 24.89 | -13.58 | 156.40 | 45.47 | 103.87 | 0.18 | -3.87 | 0 | 46.46 | 21.06 | 6.64 | 0.61 |
| 2019 (5) | 4.51 | -9.98 | 26.37 | -9.04 | 13.82 | -9.67 | 10.25 | 22.91 | 13.33 | -10.54 | 10.68 | -12.46 | 18.70 | -13.82 | 9.12 | -7.97 | 0.83 | 5.06 | 28.80 | -3.0 | 107.51 | -8.25 | 103.68 | 0.98 | -3.69 | 0 | 38.38 | -8.84 | 6.60 | -0.6 |
| 2018 (4) | 5.01 | -3.84 | 28.99 | -4.92 | 15.30 | -6.08 | 8.34 | -5.05 | 14.90 | -1.0 | 12.20 | -4.39 | 21.70 | -4.41 | 9.91 | -2.08 | 0.79 | 2.6 | 29.69 | 8.87 | 117.18 | -13.76 | 102.67 | -5.18 | -2.67 | 0 | 42.11 | 0 | 6.64 | 3.75 |
| 2017 (3) | 5.21 | -7.46 | 30.49 | -6.04 | 16.29 | -5.07 | 8.79 | -3.77 | 15.05 | -8.51 | 12.76 | -6.59 | 22.70 | -6.31 | 10.12 | -5.6 | 0.77 | 1.32 | 27.27 | -5.67 | 135.87 | 5.56 | 108.29 | 3.8 | -8.29 | 0 | 0.00 | 0 | 6.40 | 2.07 |
| 2016 (2) | 5.63 | -2.26 | 32.45 | 3.64 | 17.16 | 6.19 | 9.13 | 0.27 | 16.45 | 5.18 | 13.66 | -1.87 | 24.23 | -1.26 | 10.72 | -1.11 | 0.76 | 1.33 | 28.91 | 3.58 | 128.71 | -7.44 | 104.32 | 0.97 | -4.31 | 0 | 0.00 | 0 | 6.27 | 4.85 |
| 2015 (1) | 5.76 | 3.6 | 31.31 | 0 | 16.16 | 0 | 9.11 | 5.49 | 15.64 | 0 | 13.92 | 0 | 24.54 | 0 | 10.84 | 0 | 0.75 | -2.6 | 27.91 | 1.2 | 139.06 | 6.24 | 103.32 | -1.11 | -3.32 | 0 | 0.00 | 0 | 5.98 | -4.78 |
