- 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) | 0.37 | -59.78 | -35.09 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.01 | -50.0 | -50.0 | 0.00 | 0 | 0 | 468.55 | 1.53 | 53.6 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 33.86 | 17.86 | 5.71 |
| 24Q2 (19) | 0.92 | -22.69 | 15.0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.02 | 0.0 | 0.0 | 0.00 | 0 | 0 | 461.49 | 7.11 | 32.79 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 28.73 | -4.77 | -3.95 |
| 24Q1 (18) | 1.19 | 310.34 | 283.87 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.02 | 0.0 | 0.0 | 0.00 | 0 | 0 | 430.87 | 27.61 | 57.36 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 30.17 | -14.17 | -17.55 |
| 23Q4 (17) | 0.29 | -49.12 | 93.33 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.02 | 0.0 | 0.0 | 0.00 | 0 | 0 | 337.64 | 10.68 | 54.63 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 35.15 | 9.74 | -7.04 |
| 23Q3 (16) | 0.57 | -28.75 | 21.28 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.02 | 0.0 | 0.0 | 0.00 | 0 | 0 | 305.05 | -12.23 | 28.66 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 32.03 | 7.09 | -3.47 |
| 23Q2 (15) | 0.80 | 158.06 | 196.3 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.02 | 0.0 | 0.0 | 0.00 | 0 | 0 | 347.54 | 26.92 | 49.31 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 29.91 | -18.26 | -13.05 |
| 23Q1 (14) | 0.31 | 106.67 | 179.49 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.02 | 0.0 | 100.0 | 0.00 | 0 | 0 | 273.82 | 25.4 | 21.54 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 36.59 | -3.23 | -48.86 |
| 22Q4 (13) | 0.15 | -68.09 | -65.91 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.02 | 0.0 | 0.0 | 0.00 | 0 | 0 | 218.36 | -7.9 | -19.27 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 37.81 | 13.95 | -3.79 |
| 22Q3 (12) | 0.47 | 74.07 | 104.35 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.02 | 0.0 | 0.0 | 0.00 | 0 | 0 | 237.10 | 1.86 | -10.46 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 33.18 | -3.55 | -17.93 |
| 22Q2 (11) | 0.27 | 169.23 | -81.88 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.02 | 100.0 | -33.33 | 0.00 | 0 | 0 | 232.77 | 3.32 | -41.65 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 34.40 | -51.92 | 19.28 |
| 22Q1 (10) | -0.39 | -188.64 | -157.35 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.01 | -50.0 | -50.0 | 0.00 | 0 | 0 | 225.30 | -16.7 | -29.72 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 71.55 | 82.06 | 107.63 |
| 21Q4 (9) | 0.44 | 91.3 | -63.93 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.02 | 0.0 | -33.33 | 0.00 | 0 | 0 | 270.48 | 2.15 | -5.34 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 39.30 | -2.79 | 36.84 |
| 21Q3 (8) | 0.23 | -84.56 | -74.73 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.02 | -33.33 | -33.33 | 0.00 | 0 | 0 | 264.79 | -33.62 | -11.28 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 40.43 | 40.19 | 32.21 |
| 21Q2 (7) | 1.49 | 119.12 | 34.23 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.03 | 50.0 | 0.0 | 0.00 | 0 | 0 | 398.93 | 24.44 | 27.5 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 28.84 | -16.31 | 18.0 |
| 21Q1 (6) | 0.68 | -44.26 | 201.49 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.02 | -33.33 | 0 | 0.00 | 0 | 0 | 320.59 | 12.2 | 47.71 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 34.46 | 19.99 | -77.93 |
| 20Q4 (5) | 1.22 | 34.07 | 144.0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.03 | 0.0 | 50.0 | 0.00 | 0 | 0 | 285.73 | -4.26 | 10.86 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 28.72 | -6.08 | -20.73 |
| 20Q3 (4) | 0.91 | -18.02 | 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 | 0.03 | 0.0 | 0.0 | 0.00 | 0 | 0.0 | 298.45 | -4.62 | 0.0 | 0.00 | 0 | 0.0 | 0.00 | 0 | 0.0 | 30.58 | 25.12 | 0.0 |
| 20Q2 (3) | 1.11 | 265.67 | 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 | 0.03 | 0 | 0.0 | 0.00 | 0 | 0.0 | 312.89 | 44.16 | 0.0 | 0.00 | 0 | 0.0 | 0.00 | 0 | 0.0 | 24.44 | -84.35 | 0.0 |
| 20Q1 (2) | -0.67 | -234.0 | 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 | 217.04 | -15.79 | 0.0 | 0.00 | 0 | 0.0 | 0.00 | 0 | 0.0 | 156.13 | 330.94 | 0.0 |
| 19Q4 (1) | 0.50 | 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 | 0.02 | 0.0 | 0.0 | 0.00 | 0.0 | 0.0 | 257.75 | 0.0 | 0.0 | 0.00 | 0.0 | 0.0 | 0.00 | 0.0 | 0.0 | 36.23 | 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) | 1.98 | 296.0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.08 | 33.33 | 0.00 | 0 | 337.64 | 54.63 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 33.00 | -17.77 |
| 2022 (9) | 0.50 | -81.82 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.06 | -40.0 | 0.00 | 0 | 218.36 | -19.27 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 40.13 | 16.52 |
| 2021 (8) | 2.75 | 6.59 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.10 | 11.11 | 0.00 | 0 | 270.48 | -5.34 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 34.44 | 3.05 |
| 2020 (7) | 2.58 | 50.0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.09 | 0.0 | 0.00 | 0 | 285.73 | 10.86 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 33.42 | -0.3 |
| 2019 (6) | 1.72 | 97.7 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.09 | 28.57 | 0.00 | 0 | 257.75 | 48.37 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 33.52 | -10.21 |
| 2018 (5) | 0.87 | -53.72 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.07 | -12.5 | 0.00 | 0 | 173.72 | -27.42 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 37.33 | 17.5 |
| 2017 (4) | 1.88 | 203.23 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.08 | 33.33 | 0.00 | 0 | 239.34 | -12.03 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 31.77 | -19.51 |
| 2016 (3) | 0.62 | -13.89 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.06 | -14.29 | 0.00 | 0 | 272.06 | 30.86 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 39.47 | -5.98 |
| 2015 (2) | 0.72 | -40.0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.07 | -12.5 | 0.00 | 0 | 207.90 | 14.57 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 41.98 | 9.52 |
| 2014 (1) | 1.20 | 16.5 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.08 | 0.0 | 0.00 | 0 | 181.46 | 11.77 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 38.33 | 3.18 |
