- 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) | 0.83 | -8.79 | 13.7 | 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 | -100.0 | -100.0 | 132.06 | -8.87 | -8.89 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 14.26 | -1.86 | 3.86 |
| 24Q2 (19) | 0.91 | 7.06 | 30.0 | 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 | 16.26 | -3.1 | 23.37 | 144.92 | 5.73 | 0.24 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 14.53 | -1.62 | 5.06 |
| 24Q1 (18) | 0.85 | 97.67 | 240.0 | 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 | 16.78 | 86.44 | 177.81 | 137.07 | 0.18 | 2.67 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 14.77 | 2.14 | -10.48 |
| 23Q4 (17) | 0.43 | -41.1 | 377.78 | 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 | 11.11 | 9.00 | -39.52 | 178.64 | 136.83 | -5.6 | 2.54 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 14.46 | 5.32 | -3.73 |
| 23Q3 (16) | 0.73 | 4.29 | -10.98 | 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 | 14.88 | 12.9 | -8.82 | 144.94 | 0.25 | 3.76 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 13.73 | -0.72 | -2.28 |
| 23Q2 (15) | 0.70 | 180.0 | 22.81 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.10 | 0.0 | 0.0 | 13.18 | 118.21 | 5.69 | 144.58 | 8.3 | -5.13 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 13.83 | -16.18 | -8.53 |
| 23Q1 (14) | 0.25 | 177.78 | -34.21 | 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 | 11.11 | 0.0 | 6.04 | 87.0 | -34.06 | 133.50 | 0.04 | 1.91 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 16.50 | 9.85 | -4.07 |
| 22Q4 (13) | 0.09 | -89.02 | -67.86 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.09 | -10.0 | -10.0 | 3.23 | -80.21 | -52.5 | 133.44 | -4.47 | 1.18 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 15.02 | 6.9 | -3.16 |
| 22Q3 (12) | 0.82 | 43.86 | -12.77 | 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 | 16.32 | 30.87 | -9.48 | 139.69 | -8.33 | 4.02 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 14.05 | -7.08 | -3.57 |
| 22Q2 (11) | 0.57 | 50.0 | 50.0 | 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 | 11.11 | 12.47 | 36.14 | 23.34 | 152.39 | 16.33 | 10.36 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 15.12 | -12.09 | -7.47 |
| 22Q1 (10) | 0.38 | 35.71 | 65.22 | 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 | 0.0 | 0.0 | 9.16 | 34.71 | 38.16 | 131.00 | -0.67 | -4.45 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 17.20 | 10.9 | 2.81 |
| 21Q4 (9) | 0.28 | -70.21 | 333.33 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.10 | 0.0 | 0.0 | 6.80 | -62.29 | 484.18 | 131.88 | -1.79 | -3.74 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 15.51 | 6.45 | -1.21 |
| 21Q3 (8) | 0.94 | 147.37 | 95.83 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.10 | 11.11 | 0.0 | 18.03 | 78.34 | 70.9 | 134.29 | -2.74 | -0.67 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 14.57 | -10.83 | -7.9 |
| 21Q2 (7) | 0.38 | 65.22 | -47.22 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.09 | -10.0 | -10.0 | 10.11 | 52.49 | -34.39 | 138.08 | 0.71 | -6.77 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 16.34 | -2.33 | 4.21 |
| 21Q1 (6) | 0.23 | 291.67 | 140.35 | 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 | 6.63 | 474.58 | 154.57 | 137.10 | 0.07 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 16.73 | 6.56 | 0 |
| 20Q4 (5) | -0.12 | -125.0 | -126.67 | 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 | 0.0 | 0.0 | -1.77 | -116.78 | -118.63 | 137.00 | 1.34 | 3.16 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 15.70 | -0.76 | 2.28 |
| 20Q3 (4) | 0.48 | -33.33 | 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 | 10.55 | -31.54 | 0.0 | 135.19 | -8.72 | 0.0 | 0.00 | 0 | 0.0 | 0.00 | 0 | 0.0 | 15.82 | 0.89 | 0.0 |
| 20Q2 (3) | 0.72 | 226.32 | 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 | 15.41 | 226.83 | 0.0 | 148.11 | 0 | 0.0 | 0.00 | 0 | 0.0 | 0.00 | 0 | 0.0 | 15.68 | 0 | 0.0 |
| 20Q1 (2) | -0.57 | -226.67 | 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 | -12.15 | -227.89 | 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 (1) | 0.45 | 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 | 9.50 | 0.0 | 0.0 | 132.80 | 0.0 | 0.0 | 0.00 | 0.0 | 0.0 | 0.00 | 0.0 | 0.0 | 15.35 | 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) | 2.11 | 13.44 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.40 | 0.0 | 10.89 | 4.01 | 136.83 | 2.54 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 14.59 | -4.7 |
| 2022 (9) | 1.86 | 1.09 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.40 | 0.0 | 10.47 | -0.95 | 133.44 | 1.18 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 15.31 | -2.73 |
| 2021 (8) | 1.84 | 260.78 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.40 | 8.11 | 10.57 | 154.7 | 131.88 | -3.74 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 15.74 | -7.19 |
| 2020 (7) | 0.51 | -73.58 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.37 | -2.63 | 4.15 | -63.66 | 137.00 | 3.16 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 16.96 | -21.84 |
| 2019 (6) | 1.93 | 18.4 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.38 | -5.0 | 11.42 | 19.08 | 132.80 | -18.77 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 21.70 | 35.03 |
| 2018 (5) | 1.63 | 6.54 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.40 | 2.56 | 9.59 | 4.47 | 163.49 | 0.27 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 16.07 | -4.57 |
| 2017 (4) | 1.53 | -3.77 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.39 | 0.0 | 9.18 | -12.07 | 163.05 | -8.75 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 16.84 | -2.66 |
| 2016 (3) | 1.59 | 144.62 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.39 | 5.41 | 10.44 | 91.21 | 178.69 | -4.34 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 17.30 | -7.44 |
| 2015 (2) | 0.65 | -52.9 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.37 | 2.78 | 5.46 | -49.3 | 186.79 | 5.75 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 18.69 | -1.63 |
| 2014 (1) | 1.38 | -41.03 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.36 | -2.7 | 10.77 | -34.69 | 176.64 | -0.96 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 19.00 | 1.88 |
