- 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) | -0.01 | -102.78 | -112.5 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.02 | 0.0 | 0.0 | 0.00 | 0 | 0 | 173.36 | -29.07 | -12.72 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 65.91 | 27.09 | 6.93 |
| 24Q2 (19) | 0.36 | -44.62 | 100.0 | 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 | -33.33 | -33.33 | 0.00 | 0 | 0 | 244.41 | -1.51 | 24.35 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 51.86 | 25.21 | -5.61 |
| 24Q1 (18) | 0.65 | 441.67 | 364.29 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.03 | 50.0 | 50.0 | 0.00 | 0 | 0 | 248.16 | 9.55 | 70.29 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 41.42 | -31.74 | -37.71 |
| 23Q4 (17) | 0.12 | 50.0 | 136.36 | 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 | 226.53 | 14.05 | 84.82 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 60.68 | -1.56 | -59.28 |
| 23Q3 (16) | 0.08 | -55.56 | 214.29 | 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 | -33.33 | 0.0 | 0.00 | 0 | 0 | 198.63 | 1.06 | 10.95 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 61.64 | 12.2 | -6.51 |
| 23Q2 (15) | 0.18 | 28.57 | 260.0 | 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 | 50.0 | 200.0 | 0.00 | 0 | 0 | 196.55 | 34.87 | -5.92 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 54.94 | -17.38 | -35.25 |
| 23Q1 (14) | 0.14 | 142.42 | 146.67 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.02 | 100.0 | 100.0 | 0.00 | 0 | 0 | 145.73 | 18.9 | -22.48 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 66.50 | -55.38 | -42.93 |
| 22Q4 (13) | -0.33 | -371.43 | -155.0 | 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 | -50.0 | -66.67 | 0.00 | 0 | 0 | 122.57 | -31.54 | -41.51 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 149.03 | 126.04 | 245.22 |
| 22Q3 (12) | -0.07 | -240.0 | -40.0 | 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 | 100.0 | 100.0 | 0.00 | 0 | 0 | 179.03 | -14.3 | -15.78 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 65.93 | -22.3 | -5.98 |
| 22Q2 (11) | 0.05 | 116.67 | -97.81 | 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 | -87.5 | 0.00 | 0 | 0 | 208.91 | 11.13 | -12.7 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 84.85 | -27.19 | 188.7 |
| 22Q1 (10) | -0.30 | -150.0 | -132.26 | 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 | -66.67 | -75.0 | 0.00 | 0 | 0 | 187.99 | -10.29 | -16.23 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 116.53 | 169.93 | 212.58 |
| 21Q4 (9) | 0.60 | 1300.0 | -35.48 | 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 | 200.0 | 0.0 | 0.00 | 0 | 0 | 209.56 | -1.42 | -31.45 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 43.17 | -38.43 | 24.34 |
| 21Q3 (8) | -0.05 | -102.19 | 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 | -87.5 | 0.0 | 0.00 | 0 | 0 | 212.57 | -11.17 | -35.67 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 70.12 | 138.58 | 10.93 |
| 21Q2 (7) | 2.28 | 145.16 | 107.27 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.08 | 100.0 | 100.0 | 0.00 | 0 | 0 | 239.29 | 6.63 | -15.7 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 29.39 | -21.16 | 10.66 |
| 21Q1 (6) | 0.93 | 0.0 | 219.23 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.04 | 33.33 | 500.0 | 0.00 | 0 | 0 | 224.41 | -26.59 | -2.8 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 37.28 | 7.37 | 0 |
| 20Q4 (5) | 0.93 | 0 | 675.0 | 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 | 200.0 | 50.0 | 0.00 | 0 | 0 | 305.69 | -7.48 | 55.71 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 34.72 | -45.07 | -33.74 |
| 20Q3 (4) | 0.00 | -100.0 | 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 | 0.01 | -75.0 | 0.0 | 0.00 | 0 | 0.0 | 330.42 | 16.4 | 0.0 | 0.00 | 0 | 0.0 | 0.00 | 0 | 0.0 | 63.21 | 137.99 | 0.0 |
| 20Q2 (3) | 1.10 | 241.03 | 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 | 0.04 | 500.0 | 0.0 | 0.00 | 0 | 0.0 | 283.86 | 22.95 | 0.0 | 0.00 | 0 | 0.0 | 0.00 | 0 | 0.0 | 26.56 | 0 | 0.0 |
| 20Q1 (2) | -0.78 | -750.0 | 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 | -0.01 | -150.0 | 0.0 | 0.00 | 0 | 0.0 | 230.88 | 17.6 | 0.0 | 0.00 | 0 | 0.0 | 0.00 | 0 | 0.0 | 0.00 | -100.0 | 0.0 |
| 19Q4 (1) | 0.12 | 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 | 196.32 | 0.0 | 0.0 | 0.00 | 0.0 | 0.0 | 0.00 | 0.0 | 0.0 | 52.40 | 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) | 0.51 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.10 | 100.0 | 0.00 | 0 | 226.53 | 84.82 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 60.66 | -35.56 |
| 2022 (9) | -0.63 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.05 | -68.75 | 0.00 | 0 | 122.57 | -41.51 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 94.14 | 152.12 |
| 2021 (8) | 3.74 | 201.61 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.16 | 77.78 | 0.00 | 0 | 209.56 | -31.45 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 37.34 | -20.15 |
| 2020 (7) | 1.24 | 210.0 | 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 | 305.69 | 55.71 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 46.76 | -17.66 |
| 2019 (6) | 0.40 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.07 | 133.33 | 0.00 | 0 | 196.32 | -2.14 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 56.79 | -64.29 |
| 2018 (5) | -1.20 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.03 | -66.67 | 0.00 | 0 | 200.61 | 25.01 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 159.01 | 181.48 |
| 2017 (4) | 0.57 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.09 | 80.0 | 0.00 | 0 | 160.47 | 34.61 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 56.49 | -38.74 |
| 2016 (3) | -0.40 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.05 | 25.0 | 0.00 | 0 | 119.21 | -11.44 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 92.22 | -21.15 |
| 2015 (2) | -0.60 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.04 | -50.0 | 0.00 | 0 | 134.61 | -21.36 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 116.96 | 119.07 |
| 2014 (1) | 0.40 | -34.43 | 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 | 171.17 | 20.98 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 53.39 | 5.7 |
