- 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) | 0.00 | -100.0 | -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 | 0.01 | -66.67 | -66.67 | 0.00 | 0 | 0 | 120.87 | -11.23 | -8.6 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 39.99 | 28.38 | 53.16 |
| 24Q2 (19) | 0.51 | 2.0 | 70.0 | 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 | 0.0 | 50.0 | 0.00 | 0 | 0 | 136.16 | 11.33 | 16.38 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 31.15 | 21.4 | -24.08 |
| 24Q1 (18) | 0.50 | 19.05 | 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 | 0.03 | 0.0 | -25.0 | 0.00 | 0 | 0 | 122.30 | -3.56 | 6.1 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 25.66 | -31.9 | 9.75 |
| 23Q4 (17) | 0.42 | 5.0 | 1500.0 | 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 | 0.0 | 200.0 | 0.00 | 0 | 0 | 126.81 | -4.11 | 3.09 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 37.68 | 44.31 | -53.02 |
| 23Q3 (16) | 0.40 | 33.33 | 385.71 | 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 | 132.24 | 13.03 | -37.47 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 26.11 | -36.36 | -65.73 |
| 23Q2 (15) | 0.30 | -40.0 | 132.61 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.02 | -50.0 | 200.0 | 0.00 | 0 | 0 | 117.00 | 1.5 | -42.65 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 41.03 | 75.49 | 277.01 |
| 23Q1 (14) | 0.50 | 1766.67 | 108.33 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.04 | 300.0 | 100.0 | 0.00 | 0 | 0 | 115.27 | -6.29 | -25.97 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 23.38 | -70.85 | -10.66 |
| 22Q4 (13) | -0.03 | 78.57 | -101.81 | 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 | -83.33 | 0.00 | 0 | 0 | 123.01 | -41.83 | -17.29 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 80.20 | 5.26 | 509.89 |
| 22Q3 (12) | -0.14 | 84.78 | -117.28 | 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 | 150.0 | -75.0 | 0.00 | 0 | 0 | 211.47 | 3.66 | 71.18 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 76.19 | 428.69 | 140.73 |
| 22Q2 (11) | -0.92 | -483.33 | -158.6 | 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 | -200.0 | -125.0 | 0.00 | 0 | 0 | 204.00 | 31.02 | 127.81 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | -23.18 | -188.57 | -194.15 |
| 22Q1 (10) | 0.24 | -85.54 | -80.33 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.02 | -66.67 | -71.43 | 0.00 | 0 | 0 | 155.70 | 4.69 | 92.89 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 26.17 | 99.01 | 12.51 |
| 21Q4 (9) | 1.66 | 104.94 | 155.38 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.06 | 50.0 | 50.0 | 0.00 | 0 | 0 | 148.73 | 20.39 | 41.42 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 13.15 | -58.45 | -55.63 |
| 21Q3 (8) | 0.81 | -48.41 | 478.57 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.04 | -50.0 | 100.0 | 0.00 | 0 | 0 | 123.54 | 37.96 | 45.63 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 31.65 | 28.55 | -39.61 |
| 21Q2 (7) | 1.57 | 28.69 | 65.26 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.08 | 14.29 | 14.29 | 0.00 | 0 | 0 | 89.55 | 10.94 | 29.03 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 24.62 | 5.85 | 0 |
| 21Q1 (6) | 1.22 | 87.69 | 276.81 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.07 | 75.0 | 450.0 | 0.00 | 0 | 0 | 80.72 | -23.25 | 20.73 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 23.26 | -21.52 | 142.96 |
| 20Q4 (5) | 0.65 | 364.29 | 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 | 0.04 | 100.0 | 33.33 | 0.00 | 0 | 0 | 105.17 | 23.98 | 87.64 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 29.64 | -43.45 | -29.8 |
| 20Q3 (4) | 0.14 | -85.26 | 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 | 0.02 | -71.43 | 0.0 | 0.00 | 0 | 0.0 | 84.83 | 22.23 | 0.0 | 0.00 | 0 | 0.0 | 0.00 | 0 | 0.0 | 52.41 | 0 | 0.0 |
| 20Q2 (3) | 0.95 | 237.68 | 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 | 0.07 | 450.0 | 0.0 | 0.00 | 0 | 0.0 | 69.40 | 3.8 | 0.0 | 0.00 | 0 | 0.0 | 0.00 | 0 | 0.0 | 0.00 | 100.0 | 0.0 |
| 20Q1 (2) | -0.69 | -365.38 | 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 | -166.67 | 0.0 | 0.00 | 0 | 0.0 | 66.86 | 19.29 | 0.0 | 0.00 | 0 | 0.0 | 0.00 | 0 | 0.0 | -54.14 | -228.23 | 0.0 |
| 19Q4 (1) | 0.26 | 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 | 0.03 | 0.0 | 0.0 | 0.00 | 0.0 | 0.0 | 56.05 | 0.0 | 0.0 | 0.00 | 0.0 | 0.0 | 0.00 | 0.0 | 0.0 | 42.22 | 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) | 1.61 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.12 | 500.0 | 0.00 | 0 | 126.81 | 3.09 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 31.02 | -72.27 |
| 2022 (9) | -0.73 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.02 | -90.91 | 0.00 | 0 | 123.01 | -17.29 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 111.87 | 410.12 |
| 2021 (8) | 5.00 | 376.19 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.22 | 100.0 | 0.00 | 0 | 148.73 | 41.42 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 21.93 | -43.1 |
| 2020 (7) | 1.05 | 5.0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.11 | -8.33 | 0.00 | 0 | 105.17 | 87.64 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 38.54 | -0.87 |
| 2019 (6) | 1.00 | 566.67 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.12 | 50.0 | 0.00 | 0 | 56.05 | 19.71 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 38.88 | -36.72 |
| 2018 (5) | 0.15 | -92.5 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.08 | -63.64 | 0.00 | 0 | 46.82 | 39.01 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 61.44 | 129.94 |
| 2017 (4) | 2.00 | 300.0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.22 | 100.0 | 0.00 | 0 | 33.68 | 9.99 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 26.72 | -37.95 |
| 2016 (3) | 0.50 | -13.79 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.11 | 37.5 | 0.00 | 0 | 30.62 | -19.12 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 43.06 | -2.14 |
| 2015 (2) | 0.58 | -68.98 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.08 | -42.86 | 0.00 | 0 | 37.86 | -72.85 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 44.00 | 44.22 |
| 2014 (1) | 1.87 | 87.0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.14 | 40.0 | 0.00 | 0 | 139.43 | 2.3 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 30.51 | -15.6 |
