- 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) | 1.34 | 94.2 | 65.43 | 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 | 173.32 | -5.22 | -11.66 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 1.41 | -40.51 | -2.08 |
| 23Q4 (19) | 0.69 | 53.33 | 137.93 | 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 | 11.11 | 0.00 | 0 | 0 | 182.86 | -5.97 | -6.59 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 2.37 | 74.26 | 10.23 |
| 23Q3 (18) | 0.45 | -31.82 | 509.09 | 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 | 194.48 | 0.98 | -28.5 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 1.36 | -2.16 | 2.26 |
| 23Q2 (17) | 0.66 | -18.52 | 178.57 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.11 | 0.0 | -8.33 | 0.00 | 0 | 0 | 192.60 | -1.83 | -31.16 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 1.39 | -3.47 | 3.73 |
| 23Q1 (16) | 0.81 | 179.31 | -24.3 | 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 | 22.22 | 0.0 | 0.00 | 0 | 0 | 196.20 | 0.22 | -5.41 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 1.44 | -33.02 | 29.73 |
| 22Q4 (15) | 0.29 | 363.64 | -58.57 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.09 | -10.0 | -10.0 | 0.00 | 0 | 0 | 195.76 | -28.03 | -1.55 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 2.15 | 61.65 | -14.68 |
| 22Q3 (14) | -0.11 | 86.9 | -115.49 | 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 | -16.67 | 0.0 | 0.00 | 0 | 0 | 272.00 | -2.78 | 30.34 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 1.33 | -0.75 | 12.71 |
| 22Q2 (13) | -0.84 | -178.5 | -209.09 | 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 | 9.09 | 0.00 | 0 | 0 | 279.78 | 34.88 | 35.84 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 1.34 | 20.72 | 21.82 |
| 22Q1 (12) | 1.07 | 52.86 | -18.94 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.11 | 10.0 | -8.33 | 0.00 | 0 | 0 | 207.43 | 4.32 | -6.63 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 1.11 | -55.95 | -3.48 |
| 21Q4 (11) | 0.70 | -1.41 | 400.0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.10 | 0.0 | 0.0 | 0.00 | 0 | 0 | 198.84 | -4.72 | -9.01 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 2.52 | 113.56 | 57.5 |
| 21Q3 (10) | 0.71 | -7.79 | -20.22 | 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 | 208.68 | 1.32 | -8.86 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 1.18 | 7.27 | -7.09 |
| 21Q2 (9) | 0.77 | -41.67 | -2.53 | 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 | 205.97 | -7.29 | -14.96 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 1.10 | -4.35 | -13.39 |
| 21Q1 (8) | 1.32 | 842.86 | 76.0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.12 | 20.0 | 0 | 0.00 | 0 | 0 | 222.17 | 1.66 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 1.15 | -28.13 | 0 |
| 20Q4 (7) | 0.14 | -84.27 | 16.67 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.10 | -9.09 | 0.0 | 0.00 | 0 | 0 | 218.54 | -4.56 | -3.11 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 1.60 | 25.98 | -13.04 |
| 20Q3 (6) | 0.89 | 12.66 | 23.61 | 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 | 228.97 | -5.47 | -1.17 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 1.27 | 0.0 | -7.3 |
| 20Q2 (5) | 0.79 | 5.33 | 102.56 | 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 | 10.0 | 0.00 | 0 | 0 | 242.21 | 0 | -1.8 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 1.27 | 0 | -4.51 |
| 20Q1 (4) | 0.75 | 525.0 | 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 | 0.00 | -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) | 0.12 | -83.33 | 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 | 0.10 | 0.0 | 0.0 | 0.00 | 0 | 0.0 | 225.56 | -2.64 | 0.0 | 0.00 | 0 | 0.0 | 0.00 | 0 | 0.0 | 1.84 | 34.31 | 0.0 |
| 19Q3 (2) | 0.72 | 84.62 | 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 | 0.10 | 0.0 | 0.0 | 0.00 | 0 | 0.0 | 231.67 | -6.07 | 0.0 | 0.00 | 0 | 0.0 | 0.00 | 0 | 0.0 | 1.37 | 3.01 | 0.0 |
| 19Q2 (1) | 0.39 | 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 | 0.10 | 0.0 | 0.0 | 0.00 | 0.0 | 0.0 | 246.64 | 0.0 | 0.0 | 0.00 | 0.0 | 0.0 | 0.00 | 0.0 | 0.0 | 1.33 | 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) | 2.61 | 536.59 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.42 | -2.33 | 0.00 | 0 | 182.86 | -6.59 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 1.63 | 11.64 |
| 2022 (9) | 0.41 | -88.29 | 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 | 0.00 | 0 | 195.76 | -1.55 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 1.46 | -0.68 |
| 2021 (8) | 3.50 | 36.19 | 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 | 198.84 | -9.01 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 1.47 | 7.3 |
| 2020 (7) | 2.57 | 37.43 | 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 | 0.00 | 0 | 218.54 | -3.11 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 1.37 | -6.16 |
| 2019 (6) | 1.87 | 5.06 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.42 | 5.0 | 0.00 | 0 | 225.56 | -3.19 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 1.46 | -0.68 |
| 2018 (5) | 1.78 | -27.94 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.40 | -4.76 | 0.00 | 0 | 233.00 | 3.79 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 1.47 | -15.03 |
| 2017 (4) | 2.47 | 81.62 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.42 | 5.0 | 0.00 | 0 | 224.49 | -11.48 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 1.73 | 21.83 |
| 2016 (3) | 1.36 | 0.0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.40 | -4.76 | 0.00 | 0 | 253.59 | -0.86 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 1.42 | -1.39 |
| 2015 (2) | 1.36 | -12.26 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.42 | -14.29 | 0.00 | 0 | 255.80 | -1.47 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 1.44 | 18.03 |
| 2014 (1) | 1.55 | 19.23 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.49 | 4.26 | 0.00 | 0 | 259.62 | -1.89 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 1.22 | -0.81 |
