- 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) | 2.15 | 38.71 | 27.98 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.01 | 0.0 | 0.0 | 0.00 | 0 | 0 | 959.85 | 17.6 | 48.07 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 32.30 | 54.77 | 12.78 |
| 24Q2 (19) | 1.55 | -15.3 | -20.51 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.01 | 0.0 | 0.0 | 0.00 | 0 | 0 | 816.21 | 14.42 | 14.78 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 20.87 | -25.89 | -32.17 |
| 24Q1 (18) | 1.83 | 22.0 | 46.4 | 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 | 713.37 | 5.51 | 2.24 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 28.16 | -2.49 | 17.04 |
| 23Q4 (17) | 1.50 | -10.71 | 35.14 | 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 | 676.13 | 4.3 | -12.52 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 28.88 | 0.84 | 31.51 |
| 23Q3 (16) | 1.68 | -13.85 | 31.25 | 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 | 648.23 | -8.84 | -14.65 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 28.64 | -6.92 | 10.24 |
| 23Q2 (15) | 1.95 | 56.0 | 98.98 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.01 | 0.0 | 0.0 | 0.00 | 0 | 0 | 711.09 | 1.92 | -22.04 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 30.77 | 27.89 | 64.9 |
| 23Q1 (14) | 1.25 | 12.61 | 115.52 | 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 | 697.72 | -9.73 | -6.38 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 24.06 | 9.56 | 30.76 |
| 22Q4 (13) | 1.11 | -13.28 | 152.27 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.01 | 0.0 | 0.0 | 0.00 | 0 | 0 | 772.94 | 1.77 | 11.48 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 21.96 | -15.47 | 5.58 |
| 22Q3 (12) | 1.28 | 30.61 | 26.73 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.01 | 0.0 | 0.0 | 0.00 | 0 | 0 | 759.47 | -16.74 | 1.99 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 25.98 | 39.23 | 38.27 |
| 22Q2 (11) | 0.98 | 68.97 | 25.64 | 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 | 912.14 | 22.39 | 10.1 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 18.66 | 1.41 | 7.55 |
| 22Q1 (10) | 0.58 | 31.82 | -20.55 | 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 | 745.25 | 7.48 | -0.11 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 18.40 | -11.54 | -1.66 |
| 21Q4 (9) | 0.44 | -56.44 | -45.0 | 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 | 693.36 | -6.89 | -3.36 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 20.80 | 10.7 | 12.62 |
| 21Q3 (8) | 1.01 | 29.49 | -9.01 | 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 | 744.67 | -10.11 | -20.33 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 18.79 | 8.3 | 4.91 |
| 21Q2 (7) | 0.78 | 6.85 | -35.54 | 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 | 0.0 | 0.0 | 0.00 | 0 | 0 | 828.43 | 11.04 | -8.12 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 17.35 | -7.27 | -14.07 |
| 21Q1 (6) | 0.73 | -8.75 | -40.65 | 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 | 746.07 | 3.98 | -23.76 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 18.71 | 1.3 | 4.88 |
| 20Q4 (5) | 0.80 | -27.93 | -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 | 0.01 | 0.0 | 0.0 | 0.00 | 0 | 0 | 717.49 | -23.24 | -2.88 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 18.47 | 3.13 | -17.1 |
| 20Q3 (4) | 1.11 | -8.26 | 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 | 0.0 | 0.0 | 0.00 | 0 | 0.0 | 934.71 | 3.66 | 0.0 | 0.00 | 0 | 0.0 | 0.00 | 0 | 0.0 | 17.91 | -11.29 | 0.0 |
| 20Q2 (3) | 1.21 | -1.63 | 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 | 0.0 | 0.0 | 0.00 | 0 | 0.0 | 901.68 | -7.85 | 0.0 | 0.00 | 0 | 0.0 | 0.00 | 0 | 0.0 | 20.19 | 13.17 | 0.0 |
| 20Q1 (2) | 1.23 | 23.0 | 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 | 0.0 | 0.0 | 0.00 | 0 | 0.0 | 978.52 | 32.45 | 0.0 | 0.00 | 0 | 0.0 | 0.00 | 0 | 0.0 | 17.84 | -19.93 | 0.0 |
| 19Q4 (1) | 1.00 | 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 | 0.00 | 0.0 | 0.0 | 0.01 | 0.0 | 0.0 | 0.00 | 0.0 | 0.0 | 738.78 | 0.0 | 0.0 | 0.00 | 0.0 | 0.0 | 0.00 | 0.0 | 0.0 | 22.28 | 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) | 6.39 | 61.77 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.03 | -25.0 | 0.00 | 0 | 676.13 | -12.52 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 28.09 | 32.19 |
| 2022 (9) | 3.95 | 33.0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.04 | 0.0 | 0.00 | 0 | 772.94 | 11.48 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 21.25 | 12.91 |
| 2021 (8) | 2.97 | -29.79 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.04 | -20.0 | 0.00 | 0 | 693.36 | -3.36 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 18.82 | 1.62 |
| 2020 (7) | 4.23 | -13.5 | 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 | 717.49 | -2.88 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 18.52 | -20.41 |
| 2019 (6) | 4.89 | 13.46 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.04 | -33.33 | 0.00 | 0 | 738.78 | -6.67 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 23.27 | 35.37 |
| 2018 (5) | 4.31 | 14.63 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.06 | 20.0 | 0.00 | 0 | 791.57 | 18.22 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 17.19 | -6.83 |
| 2017 (4) | 3.76 | 4.44 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.05 | 0.0 | 0.00 | 0 | 669.59 | -12.52 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 18.45 | -0.49 |
| 2016 (3) | 3.60 | 7.46 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.05 | -16.67 | 0.00 | 0 | 765.43 | 3.59 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 18.54 | -3.54 |
| 2015 (2) | 3.35 | -10.67 | 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 | 738.88 | 81.75 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 19.22 | -11.18 |
| 2014 (1) | 3.75 | 32.98 | 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 | 406.54 | -5.58 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 21.64 | 0.6 |
