- 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) | 1.65 | 1.23 | 25.95 | 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 | 739.14 | 1.78 | 20.67 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 26.62 | 0.38 | 15.04 |
| 24Q2 (19) | 1.63 | 28.35 | 38.14 | 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 | 726.22 | 11.98 | 10.56 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 26.52 | -11.75 | -28.86 |
| 24Q1 (18) | 1.27 | 9.48 | 10.43 | 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 | 648.50 | 10.38 | 7.96 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 30.05 | -0.43 | 2.74 |
| 23Q4 (17) | 1.16 | -11.45 | 0.87 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.01 | -50.0 | 0.0 | 0.00 | 0 | 0 | 587.53 | -4.08 | -7.87 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 30.18 | 30.42 | 29.25 |
| 23Q3 (16) | 1.31 | 11.02 | 22.43 | 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 | 612.55 | -6.74 | -11.0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 23.14 | -37.93 | 4.56 |
| 23Q2 (15) | 1.18 | 2.61 | 55.26 | 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 | 0.0 | 0.0 | 0.00 | 0 | 0 | 656.85 | 9.35 | -11.95 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 37.28 | 27.45 | 83.37 |
| 23Q1 (14) | 1.15 | 0.0 | 55.41 | 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 | 600.70 | -5.81 | -14.99 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 29.25 | 25.27 | 40.02 |
| 22Q4 (13) | 1.15 | 7.48 | 150.0 | 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 | 637.72 | -7.34 | -0.8 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 23.35 | 5.51 | 2.28 |
| 22Q3 (12) | 1.07 | 40.79 | 109.8 | 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 | 688.22 | -7.75 | 6.21 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 22.13 | 8.85 | 1.79 |
| 22Q2 (11) | 0.76 | 2.7 | 26.67 | 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 | 746.01 | 5.57 | 15.22 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 20.33 | -2.68 | 5.89 |
| 22Q1 (10) | 0.74 | 60.87 | -2.63 | 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 | 706.65 | 9.92 | 16.71 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 20.89 | -8.5 | 12.74 |
| 21Q4 (9) | 0.46 | -9.8 | -34.29 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.01 | 0.0 | 0.0 | 0.00 | 0 | 0 | 642.86 | -0.79 | 2.58 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 22.83 | 5.01 | -3.75 |
| 21Q3 (8) | 0.51 | -15.0 | -37.8 | 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 | 647.97 | 0.08 | 1.09 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 21.74 | 13.23 | 26.54 |
| 21Q2 (7) | 0.60 | -21.05 | -13.04 | 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 | 647.47 | 6.93 | -4.09 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 19.20 | 3.62 | -9.69 |
| 21Q1 (6) | 0.76 | 8.57 | -17.39 | 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 | 605.50 | -3.38 | -12.5 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 18.53 | -21.88 | -7.12 |
| 20Q4 (5) | 0.70 | -14.63 | -16.67 | 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 | 626.69 | -2.23 | -12.53 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 23.72 | 38.07 | 0 |
| 20Q3 (4) | 0.82 | 18.84 | 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 | 640.99 | -5.05 | 0.0 | 0.00 | 0 | 0.0 | 0.00 | 0 | 0.0 | 17.18 | -19.19 | 0.0 |
| 20Q2 (3) | 0.69 | -25.0 | 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 | 675.06 | -2.45 | 0.0 | 0.00 | 0 | 0.0 | 0.00 | 0 | 0.0 | 21.26 | 6.57 | 0.0 |
| 20Q1 (2) | 0.92 | 9.52 | 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 | 692.02 | -3.41 | 0.0 | 0.00 | 0 | 0.0 | 0.00 | 0 | 0.0 | 19.95 | 0 | 0.0 |
| 19Q4 (1) | 0.84 | 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 | 716.48 | 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) | 4.80 | 29.03 | 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 | 587.53 | -7.87 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 28.85 | 33.07 |
| 2022 (9) | 3.72 | 59.66 | 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 | 637.72 | -0.8 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 21.68 | 6.01 |
| 2021 (8) | 2.33 | -24.1 | 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 | 642.86 | 2.58 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 20.45 | -0.15 |
| 2020 (7) | 3.07 | -9.71 | 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 | 626.69 | -12.53 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 20.48 | -14.17 |
| 2019 (6) | 3.40 | -28.12 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.05 | -37.5 | 0.00 | 0 | 716.48 | 2.66 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 23.86 | 40.6 |
| 2018 (5) | 4.73 | 1.07 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.08 | -11.11 | 0.00 | 0 | 697.94 | 13.57 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 16.97 | 0.89 |
| 2017 (4) | 4.68 | 11.96 | 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 | 614.57 | -17.37 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 16.82 | 0.54 |
| 2016 (3) | 4.18 | 18.08 | 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 | 743.78 | 26.62 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 16.73 | -17.1 |
| 2015 (2) | 3.54 | 33.58 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.09 | 12.5 | 0.00 | 0 | 587.43 | 24.13 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 20.18 | -11.53 |
| 2014 (1) | 2.65 | 2.71 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.08 | -20.0 | 0.00 | 0 | 473.25 | 7.96 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 22.81 | 9.19 |
