- 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) | 0.57 | -1.72 | 16.33 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.01 | 0.0 | -50.0 | 0.00 | 0 | 0 | 576.89 | -12.16 | 30.79 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 21.25 | -15.81 | -13.9 |
| 24Q2 (19) | 0.58 | -6.45 | 16.0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.01 | 0.0 | 0.0 | 0.00 | 0 | 0 | 656.74 | 18.49 | 44.32 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 25.24 | 11.34 | -7.85 |
| 24Q1 (18) | 0.62 | 55.0 | 21.57 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.01 | -50.0 | 0.0 | 0.00 | 0 | 0 | 554.26 | 18.08 | 35.17 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 22.67 | -20.73 | -15.19 |
| 23Q4 (17) | 0.40 | -18.37 | 48.15 | 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 | 469.38 | 6.42 | 18.76 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 28.60 | 15.88 | -3.93 |
| 23Q3 (16) | 0.49 | -2.0 | 345.45 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.02 | 100.0 | 100.0 | 0.00 | 0 | 0 | 441.07 | -3.07 | 2.86 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 24.68 | -9.89 | -23.71 |
| 23Q2 (15) | 0.50 | -1.96 | 516.67 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.01 | 0.0 | 0.0 | 0.00 | 0 | 0 | 455.06 | 10.98 | 7.77 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 27.39 | 2.47 | -27.81 |
| 23Q1 (14) | 0.51 | 88.89 | 292.31 | 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 | 0.0 | 0.0 | 0.00 | 0 | 0 | 410.04 | 3.74 | 10.15 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 26.73 | -10.21 | -27.93 |
| 22Q4 (13) | 0.27 | 145.45 | -57.81 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.01 | 0.0 | -50.0 | 0.00 | 0 | 0 | 395.25 | -7.83 | 1.05 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 29.77 | -7.98 | 7.9 |
| 22Q3 (12) | 0.11 | 191.67 | -81.67 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.01 | 0.0 | -50.0 | 0.00 | 0 | 0 | 428.82 | 1.55 | 14.44 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 32.35 | -14.73 | 7.76 |
| 22Q2 (11) | -0.12 | -192.31 | -120.69 | 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 | 0.0 | -50.0 | 0.00 | 0 | 0 | 422.26 | 13.43 | 7.14 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 37.94 | 2.29 | 30.92 |
| 22Q1 (10) | 0.13 | -79.69 | -78.33 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.01 | -50.0 | -50.0 | 0.00 | 0 | 0 | 372.25 | -4.83 | 10.51 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 37.09 | 34.43 | 32.37 |
| 21Q4 (9) | 0.64 | 6.67 | 0.0 | 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 | 391.14 | 4.38 | 21.61 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 27.59 | -8.09 | 5.02 |
| 21Q3 (8) | 0.60 | 3.45 | -14.29 | 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 | 374.71 | -4.92 | 11.51 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 30.02 | 3.59 | 0 |
| 21Q2 (7) | 0.58 | -3.33 | -15.94 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.02 | 0.0 | 0.0 | 0.00 | 0 | 0 | 394.12 | 17.0 | 18.29 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 28.98 | 3.43 | 22.85 |
| 21Q1 (6) | 0.60 | -6.25 | 253.85 | 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 | 0.00 | 0 | 0 | 336.86 | 4.74 | 9.0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 28.02 | 6.66 | -74.71 |
| 20Q4 (5) | 0.64 | -8.57 | 82.86 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.02 | 0.0 | 0.0 | 0.00 | 0 | 0 | 321.63 | -4.29 | 20.14 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 26.27 | 0 | 0 |
| 20Q3 (4) | 0.70 | 1.45 | 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 | 0.02 | 0.0 | 0.0 | 0.00 | 0 | 0.0 | 336.03 | 0.86 | 0.0 | 0.00 | 0 | 0.0 | 0.00 | 0 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q2 (3) | 0.69 | 276.92 | 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 | 0.02 | 0 | 0.0 | 0.00 | 0 | 0.0 | 333.18 | 7.8 | 0.0 | 0.00 | 0 | 0.0 | 0.00 | 0 | 0.0 | 23.59 | -78.71 | 0.0 |
| 20Q1 (2) | -0.39 | -211.43 | 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 | 309.06 | 15.45 | 0.0 | 0.00 | 0 | 0.0 | 0.00 | 0 | 0.0 | 110.81 | 0 | 0.0 |
| 19Q4 (1) | 0.35 | 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 | 267.71 | 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) | 1.90 | 387.18 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.06 | 50.0 | 0.00 | 0 | 469.38 | 18.76 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 26.83 | -20.55 |
| 2022 (9) | 0.39 | -83.88 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.04 | -42.86 | 0.00 | 0 | 395.25 | 1.05 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 33.77 | 17.83 |
| 2021 (8) | 2.42 | 47.56 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.07 | 0.0 | 0.00 | 0 | 391.14 | 21.61 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 28.66 | -3.95 |
| 2020 (7) | 1.64 | 47.75 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.07 | 16.67 | 0.00 | 0 | 321.63 | 20.14 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 29.84 | -5.57 |
| 2019 (6) | 1.11 | 81.97 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.06 | 0.0 | 0.00 | 0 | 267.71 | 14.68 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 31.60 | -6.51 |
| 2018 (5) | 0.61 | -54.14 | 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 | 233.45 | -27.64 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 33.80 | 16.47 |
| 2017 (4) | 1.33 | 150.94 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.07 | 16.67 | 0.00 | 0 | 322.62 | 28.9 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 29.02 | -22.74 |
| 2016 (3) | 0.53 | -19.7 | 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 | 250.29 | 27.72 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 37.56 | -0.05 |
| 2015 (2) | 0.66 | -22.35 | 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 | 195.97 | 22.57 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 37.58 | -0.27 |
| 2014 (1) | 0.85 | 37.1 | 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 | 159.88 | 4.85 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 37.68 | -12.62 |
