- 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 | |||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 24Q1 (20) | 2.78 | 17.3 | 94.41 | 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 | 0.0 | 0.0 | 0.00 | 0 | 0 | 164.25 | -2.49 | -10.81 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 10.12 | -25.7 | -8.33 |
| 23Q4 (19) | 2.37 | -24.76 | 51.92 | 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 | 0.0 | 0.00 | 0 | 0 | 168.45 | -5.91 | -12.62 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 13.62 | 49.67 | -4.15 |
| 23Q3 (18) | 3.15 | 38.77 | 76.97 | 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 | 0.0 | 0.00 | 0 | 0 | 179.03 | -11.09 | -13.55 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 9.10 | -8.63 | -17.5 |
| 23Q2 (17) | 2.27 | 58.74 | 89.17 | 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 | 10.0 | 0.00 | 0 | 0 | 201.37 | 9.35 | -6.35 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 9.96 | -9.78 | -15.31 |
| 23Q1 (16) | 1.43 | -8.33 | -20.56 | 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 | 0.0 | 0.00 | 0 | 0 | 184.15 | -4.48 | 0.51 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 11.04 | -22.31 | -8.53 |
| 22Q4 (15) | 1.56 | -12.36 | -4.88 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.11 | 0.0 | 0.0 | 0.00 | 0 | 0 | 192.78 | -6.91 | 2.74 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 14.21 | 28.83 | -0.28 |
| 22Q3 (14) | 1.78 | 48.33 | -13.17 | 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 | 10.0 | 0.0 | 0.00 | 0 | 0 | 207.09 | -3.69 | 5.37 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 11.03 | -6.21 | -4.5 |
| 22Q2 (13) | 1.20 | -33.33 | -38.46 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.10 | -9.09 | -9.09 | 0.00 | 0 | 0 | 215.02 | 17.36 | 13.57 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 11.76 | -2.57 | 0.77 |
| 22Q1 (12) | 1.80 | 9.76 | 20.81 | 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 | 0.0 | 0.00 | 0 | 0 | 183.21 | -2.36 | -7.82 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 12.07 | -15.3 | 0.42 |
| 21Q4 (11) | 1.64 | -20.0 | 30.16 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.11 | 0.0 | 0.0 | 0.00 | 0 | 0 | 187.64 | -4.52 | -5.47 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 14.25 | 23.38 | 1.93 |
| 21Q3 (10) | 2.05 | 5.13 | 19.88 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.11 | 0.0 | -8.33 | 0.00 | 0 | 0 | 196.53 | 3.8 | -0.76 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 11.55 | -1.03 | -0.86 |
| 21Q2 (9) | 1.95 | 30.87 | 27.45 | 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 | 0.0 | 0.00 | 0 | 0 | 189.33 | -4.74 | -10.42 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 11.67 | -2.91 | -28.14 |
| 21Q1 (8) | 1.49 | 18.25 | 125.76 | 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 | 0 | 0.00 | 0 | 0 | 198.76 | 0.13 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 12.02 | -14.02 | 0 |
| 20Q4 (7) | 1.26 | -26.32 | -12.5 | 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 | 0.0 | 0.00 | 0 | 0 | 198.50 | 0.23 | -2.93 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 13.98 | 20.0 | 17.88 |
| 20Q3 (6) | 1.71 | 11.76 | 10.32 | 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 | 198.04 | -6.3 | -8.16 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 11.65 | -28.26 | 28.02 |
| 20Q2 (5) | 1.53 | 131.82 | 70.0 | 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 | 0 | 0.0 | 0.00 | 0 | 0 | 211.36 | 0 | -8.4 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 16.24 | 0 | 69.17 |
| 20Q1 (4) | 0.66 | -54.17 | 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 | -100.0 | 0.0 |
| 19Q4 (3) | 1.44 | -7.1 | 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 | 0.11 | -8.33 | 0.0 | 0.00 | 0 | 0.0 | 204.49 | -5.17 | 0.0 | 0.00 | 0 | 0.0 | 0.00 | 0 | 0.0 | 11.86 | 30.33 | 0.0 |
| 19Q3 (2) | 1.55 | 72.22 | 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 | 9.09 | 0.0 | 0.00 | 0 | 0.0 | 215.63 | -6.55 | 0.0 | 0.00 | 0 | 0.0 | 0.00 | 0 | 0.0 | 9.10 | -5.21 | 0.0 |
| 19Q2 (1) | 0.90 | 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 | 0.11 | 0.0 | 0.0 | 0.00 | 0.0 | 0.0 | 230.74 | 0.0 | 0.0 | 0.00 | 0.0 | 0.0 | 0.00 | 0.0 | 0.0 | 9.60 | 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) | 9.22 | 45.43 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.44 | 2.33 | 0.00 | 0 | 168.45 | -12.62 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 10.89 | -11.25 |
| 2022 (9) | 6.34 | -11.08 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.43 | -2.27 | 13.63 | -8.89 | 192.78 | 2.74 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 12.27 | -0.89 |
| 2021 (8) | 7.13 | 38.18 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.44 | 0.0 | 14.96 | 21.53 | 187.64 | -5.47 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 12.38 | -6.0 |
| 2020 (7) | 5.16 | 4.45 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.44 | -2.22 | 12.31 | -3.53 | 198.50 | -2.93 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 13.17 | 31.96 |
| 2019 (6) | 4.94 | -11.79 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.45 | 0.0 | 12.76 | -10.27 | 204.49 | -3.48 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 9.98 | -7.34 |
| 2018 (5) | 5.60 | 29.63 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.45 | 2.27 | 14.22 | 20.92 | 211.87 | -6.5 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 10.77 | 3.66 |
| 2017 (4) | 4.32 | 28.96 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.44 | 2.33 | 11.76 | 20.37 | 226.59 | -15.48 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 10.39 | -1.42 |
| 2016 (3) | 3.35 | -15.62 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.43 | 2.38 | 9.77 | 0 | 268.09 | 12.04 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 10.54 | -9.45 |
| 2015 (2) | 3.97 | 21.04 | 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 | 239.28 | -10.12 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 11.64 | -3.72 |
| 2014 (1) | 3.28 | 6.49 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.41 | 2.5 | 0.00 | 0 | 266.23 | 0.71 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 12.09 | -3.2 |
