- 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)
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 | |||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
23Q3 (20) | -40.75 | -415.89 | -17.6 | 563.06 | 731.45 | 535.77 | 2689.23 | 3798.56 | 1328.3 | 2689.23 | 3798.56 | 1328.35 | 12.51 | 436.91 | 228.18 | 9.77 | 422.46 | 226.06 | 0.00 | -100.0 | -100.0 | 2566.67 | 2980.13 | 1320.25 | 27.35 | -12.48 | 0.29 | 20.55 | -77.74 | -64.46 | 79.45 | 0 | 95.57 | 208.83 | 299.83 | 659.93 |
23Q2 (19) | 12.90 | 34.8 | 90.55 | 67.72 | 133.77 | 142.43 | 68.98 | -81.31 | 144.22 | 68.98 | -81.26 | 144.12 | 2.33 | -64.1 | 127.12 | 1.87 | -62.22 | 126.75 | 0.03 | 200.0 | -40.0 | 83.33 | -78.57 | 156.49 | 31.25 | -0.67 | 39.7 | 92.31 | 274.36 | -9.16 | 0.00 | -100.0 | 100.0 | 52.23 | -46.12 | -1.12 |
23Q1 (18) | 9.57 | -3.14 | -16.85 | -200.52 | 44.91 | -655.82 | 368.99 | 141.26 | 2301.61 | 368.12 | 141.3 | 2197.55 | 6.49 | 133.38 | 645.38 | 4.95 | 133.63 | 632.26 | 0.01 | -50.0 | -83.33 | 388.89 | 143.61 | 3406.89 | 31.46 | -14.02 | 49.17 | -52.94 | -229.95 | -134.03 | 152.94 | 158.09 | 375.29 | 96.94 | 88.6 | 431.76 |
22Q4 (17) | 9.88 | 128.51 | -73.41 | -363.99 | -181.7 | -1346.54 | -894.24 | -308.44 | -3710.17 | -891.31 | -307.12 | -3414.65 | -19.44 | -99.18 | -381.33 | -14.72 | -89.94 | -363.33 | 0.02 | -50.0 | -90.48 | -891.67 | -323.92 | -3557.43 | 36.59 | 34.18 | 73.91 | 40.74 | -29.53 | -65.46 | 59.26 | 45.87 | 430.16 | 51.40 | 87.05 | 905.87 |
22Q3 (16) | -34.65 | -611.82 | -415.86 | -129.21 | 19.05 | -382.49 | -218.94 | -40.36 | -693.55 | -218.93 | -40.03 | -630.74 | -9.76 | -13.62 | -160.27 | -7.75 | -10.87 | -168.17 | 0.04 | -20.0 | -60.0 | -210.34 | -42.6 | -714.96 | 27.27 | 21.9 | -8.27 | 57.81 | -43.11 | -42.19 | 40.62 | 2618.75 | 590.62 | 27.48 | -47.97 | 81.99 |
22Q2 (15) | 6.77 | -41.18 | -65.39 | -159.61 | -501.62 | -4722.05 | -155.98 | -830.67 | -719.21 | -156.34 | -790.83 | -836.06 | -8.59 | -621.85 | -497.69 | -6.99 | -651.61 | -488.33 | 0.05 | -16.67 | -37.5 | -147.50 | -1154.25 | -611.27 | 22.37 | 6.07 | -7.41 | 101.61 | -34.68 | 760.48 | -1.61 | 97.1 | -101.4 | 52.82 | 189.74 | 300.45 |
22Q1 (14) | 11.51 | -69.02 | -23.32 | -26.53 | -190.86 | -7269.44 | -16.76 | -167.66 | -296.48 | -17.55 | -165.27 | -304.78 | -1.19 | -117.22 | -203.48 | -0.93 | -116.64 | -197.89 | 0.06 | -71.43 | -45.45 | -11.76 | -145.6 | -201.47 | 21.09 | 0.24 | -15.57 | 155.56 | 31.88 | 0 | -55.56 | -209.52 | -155.56 | 18.23 | 256.75 | 64.09 |
21Q4 (13) | 37.15 | 238.65 | 418.13 | 29.20 | 209.04 | 1524.39 | 24.77 | 189.78 | 10008.0 | 26.89 | 189.75 | 2789.0 | 6.91 | 284.27 | 2403.33 | 5.59 | 293.43 | 3388.24 | 0.21 | 110.0 | -12.5 | 25.79 | 199.92 | 4198.33 | 21.04 | -29.23 | -25.5 | 117.95 | 17.95 | 0 | -17.95 | -405.13 | 0 | 5.11 | -66.16 | 27.11 |
21Q3 (12) | 10.97 | -43.92 | 39.75 | -26.78 | -709.06 | -15652.94 | -27.59 | -209.53 | -603.83 | -29.96 | -241.05 | -701.07 | -3.75 | -273.61 | -275.0 | -2.89 | -260.56 | -256.79 | 0.10 | 25.0 | -56.52 | -25.81 | -189.46 | -802.45 | 29.73 | 23.05 | 44.74 | 100.00 | 750.0 | 0 | 5.88 | -94.9 | -94.12 | 15.10 | 14.48 | 173.55 |
21Q2 (11) | 19.56 | 30.31 | 281.29 | -3.31 | -819.44 | 43.8 | 25.19 | 195.31 | 107.5 | 21.24 | 147.84 | 107.83 | 2.16 | 87.83 | 12.5 | 1.80 | 89.47 | 5.26 | 0.08 | -27.27 | -50.0 | 28.85 | 148.92 | 122.95 | 24.16 | -3.28 | 55.37 | -15.38 | 0 | 69.23 | 115.38 | 15.38 | -23.08 | 13.19 | 18.72 | 0 |
21Q1 (10) | 15.01 | 109.34 | 929.28 | -0.36 | 82.44 | 99.39 | 8.53 | 3512.0 | 105.8 | 8.57 | 957.0 | 105.77 | 1.15 | 483.33 | 118.58 | 0.95 | 658.82 | 117.27 | 0.11 | -54.17 | 175.0 | 11.59 | 1831.67 | 107.86 | 24.98 | -11.54 | 102.92 | 0.00 | 0 | -100.0 | 100.00 | 0 | 64.71 | 11.11 | 176.37 | 0 |
20Q4 (9) | 7.17 | -8.66 | 261.49 | -2.05 | -1105.88 | 98.33 | -0.25 | 93.62 | 99.83 | -1.00 | 73.26 | 99.36 | -0.30 | 70.0 | 94.51 | -0.17 | 79.01 | 96.5 | 0.24 | 4.35 | 700.0 | 0.60 | 120.98 | 100.41 | 28.24 | 37.49 | 146.85 | 0.00 | 0 | -100.0 | 0.00 | -100.0 | -100.0 | 4.02 | -27.17 | 0 |
20Q3 (8) | 7.85 | 53.02 | -47.94 | -0.17 | 97.11 | 99.2 | -3.92 | -132.29 | -121.26 | -3.74 | -136.59 | -121.79 | -1.00 | -152.08 | -181.3 | -0.81 | -147.37 | -174.31 | 0.23 | 43.75 | 360.0 | -2.86 | -122.1 | -107.92 | 20.54 | 32.09 | 69.89 | -0.00 | 100.0 | 100.0 | 100.00 | -33.33 | -50.0 | 5.52 | 0 | -77.4 |
20Q2 (7) | 5.13 | 383.43 | -57.0 | -5.89 | 90.06 | 77.48 | 12.14 | 108.25 | 141.15 | 10.22 | 106.88 | 130.77 | 1.92 | 131.02 | 179.34 | 1.71 | 131.09 | 218.75 | 0.16 | 300.0 | 220.0 | 12.94 | 108.78 | 259.56 | 15.55 | 26.32 | -67.47 | -50.00 | -227.27 | -155.0 | 150.00 | 147.06 | 1550.0 | 0.00 | 0 | -100.0 |
20Q1 (6) | -1.81 | 59.23 | -110.79 | -59.23 | 51.65 | -136.07 | -147.14 | 2.31 | -15069.07 | -148.55 | 5.36 | -64686.96 | -6.19 | -13.37 | -62000.0 | -5.50 | -13.17 | -3537.5 | 0.04 | 33.33 | 0.0 | -147.37 | -0.21 | -670.98 | 12.31 | 7.6 | -73.46 | 39.29 | -51.36 | 0 | 60.71 | 215.71 | 0 | 0.00 | 0 | -100.0 |
19Q4 (5) | -4.44 | -129.44 | -128.3 | -122.49 | -475.34 | -1396.19 | -150.62 | -916.81 | -7944.79 | -156.97 | -1014.74 | -4929.85 | -5.46 | -543.9 | -1431.71 | -4.86 | -545.87 | -1285.37 | 0.03 | -40.0 | -62.5 | -147.06 | -507.26 | -1195.01 | 11.44 | -5.38 | -76.98 | 80.77 | 170.67 | -86.54 | 19.23 | -90.38 | 103.85 | 0.00 | -100.0 | -100.0 |
19Q3 (4) | 15.08 | 26.4 | 0.0 | -21.29 | 18.62 | 0.0 | 18.44 | 162.51 | 0.0 | 17.16 | 151.67 | 0.0 | 1.23 | 150.83 | 0.0 | 1.09 | 175.69 | 0.0 | 0.05 | 0.0 | 0.0 | 36.11 | 545.25 | 0.0 | 12.09 | -74.71 | 0.0 | -114.29 | -225.71 | 0.0 | 200.00 | 2100.0 | 0.0 | 24.42 | 27.52 | 0.0 |
19Q2 (3) | 11.93 | -28.9 | 0.0 | -26.16 | -4.26 | 0.0 | -29.50 | -2941.24 | 0.0 | -33.21 | -14539.13 | 0.0 | -2.42 | -24300.0 | 0.0 | -1.44 | -1000.0 | 0.0 | 0.05 | 25.0 | 0.0 | -8.11 | -131.42 | 0.0 | 47.80 | 3.06 | 0.0 | 90.91 | 0 | 0.0 | 9.09 | 0 | 0.0 | 19.15 | -24.28 | 0.0 |
19Q1 (2) | 16.78 | 6.95 | 0.0 | -25.09 | -365.5 | 0.0 | -0.97 | -150.52 | 0.0 | 0.23 | -92.92 | 0.0 | 0.01 | -97.56 | 0.0 | 0.16 | -60.98 | 0.0 | 0.04 | -50.0 | 0.0 | 25.81 | 92.18 | 0.0 | 46.38 | -6.66 | 0.0 | 0.00 | -100.0 | 0.0 | 0.00 | 100.0 | 0.0 | 25.29 | 116.34 | 0.0 |
18Q4 (1) | 15.69 | 0.0 | 0.0 | 9.45 | 0.0 | 0.0 | 1.92 | 0.0 | 0.0 | 3.25 | 0.0 | 0.0 | 0.41 | 0.0 | 0.0 | 0.41 | 0.0 | 0.0 | 0.08 | 0.0 | 0.0 | 13.43 | 0.0 | 0.0 | 49.69 | 0.0 | 0.0 | 600.00 | 0.0 | 0.0 | -500.00 | 0.0 | 0.0 | 11.69 | 0.0 | 0.0 |
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 | |||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
2022 (10) | -0.20 | 0 | -120.04 | 0 | 3.03 | 107.88 | -183.52 | 0 | -183.66 | 0 | -38.66 | 0 | -30.11 | 0 | 0.17 | -60.47 | -175.76 | 0 | 36.59 | 73.91 | 65.70 | -3.79 | 34.71 | 1.65 | 0.00 | 0 | 33.70 | 259.66 |
2021 (9) | 25.23 | 284.6 | 8.07 | 0 | 1.46 | 99.71 | 12.02 | 0 | 11.98 | 0 | 6.46 | 0 | 5.40 | 0 | 0.43 | -37.68 | 13.99 | 0 | 21.04 | -25.5 | 68.29 | -18.05 | 34.15 | 104.88 | 2.74 | 0 | 9.37 | 37.59 |
2020 (8) | 6.56 | -44.45 | -4.88 | 0 | 0.73 | -94.76 | -5.84 | 0 | -6.55 | 0 | -5.40 | 0 | -4.33 | 0 | 0.69 | 283.33 | -4.87 | 0 | 28.24 | 146.85 | 83.33 | -45.65 | 16.67 | 0 | 0.00 | 0 | 6.81 | -71.3 |
2019 (7) | 11.81 | -39.25 | -37.97 | 0 | 13.93 | 67.85 | -25.02 | 0 | -27.12 | 0 | -6.56 | 0 | -4.41 | 0 | 0.18 | -47.06 | -4.92 | 0 | 11.44 | -76.98 | 153.33 | 0 | -53.33 | 0 | 0.00 | 0 | 23.73 | 85.54 |
2018 (6) | 19.44 | 249.01 | -1.42 | 0 | 8.30 | -33.58 | 5.32 | 0 | 5.17 | 0 | 3.33 | 0 | 2.40 | 0 | 0.34 | 25.93 | 17.36 | 0 | 49.69 | -68.19 | -28.57 | 0 | 128.57 | 119.43 | 6.73 | 0 | 12.79 | -23.5 |
2017 (5) | 5.57 | 7.12 | -24.08 | 0 | 12.50 | 29.17 | -57.44 | 0 | -58.87 | 0 | -36.19 | 0 | -15.17 | 0 | 0.27 | 17.39 | -38.39 | 0 | 156.22 | 52.37 | 42.19 | 87.5 | 58.59 | -24.21 | 0.00 | 0 | 16.72 | -34.2 |
2016 (4) | 5.20 | 0 | -54.13 | 0 | 9.68 | 13.9 | -239.85 | 0 | -238.19 | 0 | -84.02 | 0 | -54.79 | 0 | 0.23 | -17.86 | -225.35 | 0 | 102.53 | 314.43 | 22.50 | -73.81 | 77.31 | 463.53 | 0.00 | 0 | 25.41 | 11.84 |
2015 (3) | -11.11 | 0 | -77.74 | 0 | 8.50 | 180.92 | -90.23 | 0 | -84.83 | 0 | -29.33 | 0 | -23.53 | 0 | 0.28 | -41.67 | -80.39 | 0 | 24.74 | 9.18 | 85.92 | 8.2 | 13.72 | -33.37 | 0.00 | 0 | 22.72 | 23.21 |
2014 (2) | 1.72 | -82.71 | -20.40 | 0 | 3.02 | -28.57 | -25.75 | 0 | -26.63 | 0 | -16.68 | 0 | -12.50 | 0 | 0.48 | 33.33 | -22.12 | 0 | 22.66 | -47.9 | 79.41 | 0.06 | 20.59 | -0.23 | 0.00 | 0 | 18.44 | -2.59 |
2013 (1) | 9.95 | 0 | -16.40 | 0 | 4.23 | 0 | -20.59 | 0 | -21.50 | 0 | -10.38 | 0 | -7.29 | 0 | 0.36 | 0 | -14.66 | 0 | 43.49 | 0 | 79.37 | 0 | 20.63 | 0 | 0.00 | 0 | 18.93 | 0 |