- 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) | 0.81 | 0.0 | -7.95 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.08 | 14.29 | 0.0 | 0.00 | 0 | 0 | 104.48 | -5.72 | -1.3 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 14.47 | -9.56 | -7.72 |
| 24Q2 (19) | 0.81 | -27.03 | 1.25 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.07 | -12.5 | -12.5 | 0.00 | 0 | 0 | 110.82 | 5.56 | -3.03 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 16.00 | -10.11 | -3.61 |
| 24Q1 (18) | 1.11 | 217.14 | 65.67 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.08 | 14.29 | 0.0 | 0.00 | 0 | 0 | 104.98 | 1.09 | -5.09 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 17.80 | -5.27 | 3.49 |
| 23Q4 (17) | 0.35 | -60.23 | 150.0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.07 | -12.5 | 0.0 | 0.00 | 0 | 0 | 103.85 | -1.9 | -5.63 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 18.79 | 19.83 | 5.09 |
| 23Q3 (16) | 0.88 | 10.0 | 23.94 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.08 | 0.0 | 0.0 | 0.00 | 0 | 0 | 105.86 | -7.37 | -1.68 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 15.68 | -5.54 | -8.84 |
| 23Q2 (15) | 0.80 | 19.4 | -1.23 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.08 | 0.0 | 14.29 | 0.00 | 0 | 0 | 114.28 | 3.32 | 6.87 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 16.60 | -3.49 | -21.77 |
| 23Q1 (14) | 0.67 | 378.57 | 235.0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.08 | 14.29 | 14.29 | 0.00 | 0 | 0 | 110.61 | 0.51 | 3.3 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 17.20 | -3.8 | 13.01 |
| 22Q4 (13) | 0.14 | -80.28 | -89.47 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.07 | -12.5 | -22.22 | 0.00 | 0 | 0 | 110.05 | 2.21 | 7.1 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 17.88 | 3.95 | 32.15 |
| 22Q3 (12) | 0.71 | -12.35 | 65.12 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.08 | 14.29 | -11.11 | 0.00 | 0 | 0 | 107.67 | 0.69 | -8.18 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 17.20 | -18.94 | 47.64 |
| 22Q2 (11) | 0.81 | 305.0 | 220.9 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.07 | 0.0 | -22.22 | 0.00 | 0 | 0 | 106.93 | -0.14 | -21.54 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 21.22 | 39.42 | 92.56 |
| 22Q1 (10) | 0.20 | -84.96 | 433.33 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.07 | -22.22 | -12.5 | 0.00 | 0 | 0 | 107.08 | 4.21 | -18.15 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 15.22 | 12.49 | -7.2 |
| 21Q4 (9) | 1.33 | 209.3 | 259.46 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.09 | 0.0 | 28.57 | 0.00 | 0 | 0 | 102.75 | -12.37 | -1.56 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 13.53 | 16.14 | -23.9 |
| 21Q3 (8) | 0.43 | 164.18 | -30.65 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.09 | 0.0 | 28.57 | 0.00 | 0 | 0 | 117.26 | -13.96 | 11.52 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 11.65 | 5.72 | -35.03 |
| 21Q2 (7) | -0.67 | -1016.67 | -219.64 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.09 | 12.5 | 28.57 | 0.00 | 0 | 0 | 136.29 | 4.18 | 18.23 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 11.02 | -32.8 | -41.26 |
| 21Q1 (6) | -0.06 | -116.22 | -116.67 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.08 | 14.29 | 0 | 0.00 | 0 | 0 | 130.82 | 25.33 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 16.40 | -7.76 | 0 |
| 20Q4 (5) | 0.37 | -40.32 | 8.82 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.07 | 0.0 | 0.0 | 0.00 | 0 | 0 | 104.38 | -0.73 | -3.2 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 17.78 | -0.84 | 0 |
| 20Q3 (4) | 0.62 | 10.71 | 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 | 0.07 | 0.0 | 0.0 | 0.00 | 0 | 0.0 | 105.15 | -8.79 | 0.0 | 0.00 | 0 | 0.0 | 0.00 | 0 | 0.0 | 17.93 | -4.42 | 0.0 |
| 20Q2 (3) | 0.56 | 55.56 | 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 | 0.07 | 0 | 0.0 | 0.00 | 0 | 0.0 | 115.28 | 0 | 0.0 | 0.00 | 0 | 0.0 | 0.00 | 0 | 0.0 | 18.76 | 0 | 0.0 |
| 20Q1 (2) | 0.36 | 5.88 | 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) | 0.34 | 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 | 0.07 | 0.0 | 0.0 | 0.00 | 0.0 | 0.0 | 107.83 | 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) | 2.70 | 45.16 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.31 | 6.9 | 0.00 | 0 | 103.85 | -5.63 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 17.04 | -4.7 |
| 2022 (9) | 1.86 | 80.58 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.29 | -21.62 | 15.14 | 143.02 | 110.05 | 7.1 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 17.88 | 36.91 |
| 2021 (8) | 1.03 | -45.79 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.37 | 32.14 | 6.23 | -59.73 | 102.75 | -1.56 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 13.06 | -29.97 |
| 2020 (7) | 1.90 | -2.06 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.28 | 0.0 | 15.47 | 0 | 104.38 | -3.2 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 18.65 | -2.46 |
| 2019 (6) | 1.94 | 25.16 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.28 | 3.7 | 0.00 | 0 | 107.83 | -5.04 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 19.12 | -0.1 |
| 2018 (5) | 1.55 | -34.04 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.27 | -3.57 | 0.00 | 0 | 113.55 | 2.26 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 19.14 | 0.26 |
| 2017 (4) | 2.35 | 74.07 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.28 | 7.69 | 0.00 | 0 | 111.04 | -11.01 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 19.09 | 2.91 |
| 2016 (3) | 1.35 | -55.15 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.26 | -10.34 | 0.00 | 0 | 124.78 | 2.62 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 18.55 | 8.73 |
| 2015 (2) | 3.01 | 66.3 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.29 | 16.0 | 0.00 | 0 | 121.59 | -8.58 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 17.06 | -14.53 |
| 2014 (1) | 1.81 | -19.91 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.25 | 0.0 | 0.00 | 0 | 133.00 | -2.87 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 19.96 | 35.97 |
