- 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) | 0.03 | -93.88 | -93.02 | 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 | -50.0 | 0.00 | 0 | 0 | 46.32 | -22.18 | -18.61 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 52.80 | 263.89 | 180.25 |
| 24Q2 (19) | 0.49 | 58.06 | 19.51 | 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 | 59.52 | -17.6 | 2.06 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 14.51 | -10.65 | -23.95 |
| 24Q1 (18) | 0.31 | 244.44 | -13.89 | 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 | 0.0 | 0.00 | 0 | 0 | 72.23 | 7.34 | 52.22 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 16.24 | -68.63 | -21.24 |
| 23Q4 (17) | 0.09 | -79.07 | 80.0 | 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 | 0.0 | 0.00 | 0 | 0 | 67.29 | 18.24 | 35.56 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 51.77 | 174.79 | 3.31 |
| 23Q3 (16) | 0.43 | 4.88 | 490.91 | 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 | 0.00 | 0 | 0 | 56.91 | -2.42 | 8.32 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 18.84 | -1.26 | -97.54 |
| 23Q2 (15) | 0.41 | 13.89 | 191.11 | 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 | 300.0 | 0.00 | 0 | 0 | 58.32 | 22.91 | 22.19 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 19.08 | -7.47 | 148.32 |
| 23Q1 (14) | 0.36 | 620.0 | 164.29 | 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 | 100.0 | 300.0 | 0.00 | 0 | 0 | 47.45 | -4.41 | -30.77 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 20.62 | -58.85 | 390.42 |
| 22Q4 (13) | 0.05 | 145.45 | -95.54 | 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 | -80.0 | 0.00 | 0 | 0 | 49.64 | -5.52 | -14.72 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 50.11 | -93.46 | 231.42 |
| 22Q3 (12) | -0.11 | 75.56 | -117.74 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 100.0 | -100.0 | 0.00 | 0 | 0 | 52.54 | 10.08 | -5.47 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 766.00 | 2039.73 | 4645.97 |
| 22Q2 (11) | -0.45 | 19.64 | -193.75 | 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 | -133.33 | 0.00 | 0 | 0 | 47.73 | -30.36 | -31.57 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | -39.49 | -456.2 | -279.09 |
| 22Q1 (10) | -0.56 | -150.0 | -147.86 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | -0.01 | -120.0 | -120.0 | 0.00 | 0 | 0 | 68.54 | 17.75 | -0.16 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | -7.10 | -146.96 | -237.07 |
| 21Q4 (9) | 1.12 | 80.65 | 83.61 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.05 | 66.67 | 66.67 | 0.00 | 0 | 0 | 58.21 | 4.73 | -14.16 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 15.12 | -6.32 | -22.14 |
| 21Q3 (8) | 0.62 | 29.17 | 93.75 | 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 | 55.58 | -20.32 | -15.43 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 16.14 | -26.8 | -19.74 |
| 21Q2 (7) | 0.48 | -58.97 | -20.0 | 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 | -40.0 | 0.0 | 0.00 | 0 | 0 | 69.75 | 1.6 | 4.48 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 22.05 | 325.68 | 0 |
| 21Q1 (6) | 1.17 | 91.8 | 334.0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.05 | 66.67 | 600.0 | 0.00 | 0 | 0 | 68.65 | 1.24 | 12.36 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 5.18 | -73.33 | 114.27 |
| 20Q4 (5) | 0.61 | 90.62 | 125.93 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.03 | 50.0 | 50.0 | 0.00 | 0 | 0 | 67.81 | 3.18 | 32.83 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 19.42 | -3.43 | -20.21 |
| 20Q3 (4) | 0.32 | -46.67 | 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 | 0.02 | -33.33 | 0.0 | 0.00 | 0 | 0.0 | 65.72 | -1.56 | 0.0 | 0.00 | 0 | 0.0 | 0.00 | 0 | 0.0 | 20.11 | 0 | 0.0 |
| 20Q2 (3) | 0.60 | 220.0 | 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 | 0.03 | 400.0 | 0.0 | 0.00 | 0 | 0.0 | 66.76 | 9.26 | 0.0 | 0.00 | 0 | 0.0 | 0.00 | 0 | 0.0 | 0.00 | 100.0 | 0.0 |
| 20Q1 (2) | -0.50 | -285.19 | 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 | 61.10 | 19.69 | 0.0 | 0.00 | 0 | 0.0 | 0.00 | 0 | 0.0 | -36.31 | -249.18 | 0.0 |
| 19Q4 (1) | 0.27 | 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 | 51.05 | 0.0 | 0.0 | 0.00 | 0.0 | 0.0 | 0.00 | 0.0 | 0.0 | 24.34 | 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) | 1.29 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.08 | 0 | 0.00 | 0 | 67.29 | 35.56 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 23.26 | 0 |
| 2022 (9) | -1.07 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | -0.02 | 0 | 0.00 | 0 | 49.64 | -14.72 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | -66.92 | 0 |
| 2021 (8) | 3.40 | 230.1 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.17 | 142.86 | 0.00 | 0 | 58.21 | -14.16 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 13.56 | -50.69 |
| 2020 (7) | 1.03 | 123.91 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.07 | 75.0 | 0.00 | 0 | 67.81 | 32.83 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 27.50 | -28.03 |
| 2019 (6) | 0.46 | 4500.0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.04 | 100.0 | 0.00 | 0 | 51.05 | 123.02 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 38.21 | -30.85 |
| 2018 (5) | 0.01 | -98.95 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.02 | -75.0 | 0.00 | 0 | 22.89 | 5.29 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 55.26 | 182.8 |
| 2017 (4) | 0.95 | 1087.5 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.08 | 166.67 | 0.00 | 0 | 21.74 | 12.24 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 19.54 | -63.35 |
| 2016 (3) | 0.08 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.03 | 50.0 | 0.00 | 0 | 19.37 | -15.34 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 53.31 | -6.42 |
| 2015 (2) | -0.01 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.02 | -66.67 | 0.00 | 0 | 22.88 | -12.94 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 56.97 | 84.19 |
| 2014 (1) | 0.56 | -58.52 | 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 | 26.28 | -0.15 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 30.93 | 72.41 |
