- 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) | 0.65 | -50.76 | -48.41 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.11 | -8.33 | -15.38 | 0.00 | 0 | 0 | 234.16 | -0.58 | -2.99 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 13.83 | 4.06 | 5.81 |
| 24Q2 (19) | 1.32 | -27.07 | -47.83 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.12 | -14.29 | -7.69 | 0.00 | 0 | 0 | 235.53 | 6.27 | -6.31 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 13.29 | -2.35 | 4.73 |
| 24Q1 (18) | 1.81 | 166.18 | 103.37 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.14 | 7.69 | 7.69 | 0.00 | 0 | 0 | 221.64 | -2.21 | -19.68 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 13.61 | -4.76 | -6.59 |
| 23Q4 (17) | 0.68 | -46.03 | 129.57 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.13 | 0.0 | 0.0 | 0.00 | 0 | 0 | 226.65 | -6.1 | -19.31 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 14.29 | 9.33 | 1.93 |
| 23Q3 (16) | 1.26 | -50.2 | 4100.0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.13 | 0.0 | 8.33 | 0.00 | 0 | 0 | 241.38 | -3.98 | -3.82 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 13.07 | 2.99 | -7.83 |
| 23Q2 (15) | 2.53 | 184.27 | 175.07 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.13 | 0.0 | 30.0 | 0.00 | 0 | 0 | 251.39 | -8.9 | -2.29 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 12.69 | -12.9 | -27.03 |
| 23Q1 (14) | 0.89 | 138.7 | 417.86 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.13 | 0.0 | 18.18 | 0.00 | 0 | 0 | 275.95 | -1.76 | 30.83 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 14.57 | 3.92 | -12.49 |
| 22Q4 (13) | -2.30 | -7766.67 | -266.67 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.13 | 8.33 | 8.33 | 0.00 | 0 | 0 | 280.90 | 11.93 | 43.85 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 14.02 | -1.13 | 3.01 |
| 22Q3 (12) | 0.03 | 100.89 | -91.89 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.12 | 20.0 | 9.09 | 0.00 | 0 | 0 | 250.96 | -2.46 | 19.75 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 14.18 | -18.46 | -9.39 |
| 22Q2 (11) | -3.37 | -1103.57 | -902.38 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.10 | -9.09 | -9.09 | 0.00 | 0 | 0 | 257.28 | 21.97 | 22.3 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 17.39 | 4.44 | 17.42 |
| 22Q1 (10) | -0.28 | -120.29 | -129.47 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.11 | -8.33 | -8.33 | 0.00 | 0 | 0 | 210.93 | 8.02 | -1.73 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 16.65 | 22.34 | 9.25 |
| 21Q4 (9) | 1.38 | 272.97 | 263.16 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.12 | 9.09 | 0.0 | 0.00 | 0 | 0 | 195.27 | -6.82 | -4.03 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 13.61 | -13.04 | -16.3 |
| 21Q3 (8) | 0.37 | -11.9 | -74.66 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.11 | 0.0 | -8.33 | 0.00 | 0 | 0 | 209.57 | -0.38 | 0.69 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 15.65 | 5.67 | 6.32 |
| 21Q2 (7) | 0.42 | -55.79 | -75.0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.11 | -8.33 | -8.33 | 0.00 | 0 | 0 | 210.36 | -2.0 | -8.88 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 14.81 | -2.82 | -2.05 |
| 21Q1 (6) | 0.95 | 150.0 | 396.88 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.12 | 0.0 | 0 | 0.00 | 0 | 0 | 214.65 | 5.49 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 15.24 | -6.27 | 0 |
| 20Q4 (5) | 0.38 | -73.97 | 35.71 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.12 | 0.0 | 0.0 | 0.00 | 0 | 0 | 203.47 | -2.24 | -8.82 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 16.26 | 10.46 | 0 |
| 20Q3 (4) | 1.46 | -13.1 | 0.0 | 0.00 | 0 | 0.0 | 0.00 | 0 | 0.0 | 0.00 | 0 | 0.0 | 0.00 | 0 | 0.0 | 0.00 | 0 | 0.0 | 0.00 | 0 | 0.0 | 0.12 | 0.0 | 0.0 | 0.00 | 0 | 0.0 | 208.14 | -9.84 | 0.0 | 0.00 | 0 | 0.0 | 0.00 | 0 | 0.0 | 14.72 | -2.65 | 0.0 |
| 20Q2 (3) | 1.68 | 625.0 | 0.0 | 0.00 | 0 | 0.0 | 0.00 | 0 | 0.0 | 0.00 | 0 | 0.0 | 0.00 | 0 | 0.0 | 0.00 | 0 | 0.0 | 0.00 | 0 | 0.0 | 0.12 | 0 | 0.0 | 0.00 | 0 | 0.0 | 230.86 | 0 | 0.0 | 0.00 | 0 | 0.0 | 0.00 | 0 | 0.0 | 15.12 | 0 | 0.0 |
| 20Q1 (2) | -0.32 | -214.29 | 0.0 | 0.00 | 0 | 0.0 | 0.00 | 0 | 0.0 | 0.00 | 0 | 0.0 | 0.00 | 0 | 0.0 | 0.00 | 0 | 0.0 | 0.00 | 0 | 0.0 | 0.00 | -100.0 | 0.0 | 0.00 | 0 | 0.0 | 0.00 | -100.0 | 0.0 | 0.00 | 0 | 0.0 | 0.00 | 0 | 0.0 | 0.00 | 0 | 0.0 |
| 19Q4 (1) | 0.28 | 0.0 | 0.0 | 0.00 | 0.0 | 0.0 | 0.00 | 0.0 | 0.0 | 0.00 | 0.0 | 0.0 | 0.00 | 0.0 | 0.0 | 0.00 | 0.0 | 0.0 | 0.00 | 0.0 | 0.0 | 0.12 | 0.0 | 0.0 | 0.00 | 0.0 | 0.0 | 223.16 | 0.0 | 0.0 | 0.00 | 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) | 5.37 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.53 | 15.22 | 0.00 | 0 | 226.65 | -19.31 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 13.63 | -11.61 |
| 2022 (9) | -5.91 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.46 | -4.17 | -14.73 | 0 | 280.90 | 43.85 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 15.42 | 4.19 |
| 2021 (8) | 3.12 | -0.64 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.48 | 2.13 | 9.93 | 0 | 195.27 | -4.03 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 14.80 | -8.25 |
| 2020 (7) | 3.14 | -4.85 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.47 | 2.17 | 0.00 | 0 | 203.47 | -8.82 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 16.13 | 3.33 |
| 2019 (6) | 3.30 | 16.2 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.46 | 0.0 | 0.00 | 0 | 223.16 | -13.44 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 15.61 | -0.45 |
| 2018 (5) | 2.84 | -8.97 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.46 | 0.0 | 0.00 | 0 | 257.82 | -6.38 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 15.68 | 26.15 |
| 2017 (4) | 3.12 | 202.91 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.46 | 9.52 | 0.00 | 0 | 275.38 | -15.18 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 12.43 | -1.58 |
| 2016 (3) | 1.03 | -16.26 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.42 | 2.44 | 0.00 | 0 | 324.65 | 4.48 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 12.63 | -4.54 |
| 2015 (2) | 1.23 | -55.27 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.41 | 0.0 | 0.00 | 0 | 310.72 | 5.34 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 13.23 | 3.85 |
| 2014 (1) | 2.75 | 6.18 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.41 | 13.89 | 0.00 | 0 | 294.98 | -17.92 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 12.74 | -8.35 |
