- 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 | |||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 23Q4 (20) | 2.27 | -74.55 | -84.42 | -24.62 | -173.86 | -3227.03 | -24.67 | -174.42 | -2367.0 | -25.95 | -190.92 | -3660.87 | -13.51 | -183.82 | -3652.78 | -4.84 | -186.39 | -12200.0 | 0.20 | -4.76 | -13.04 | -18.58 | -473.46 | -497.86 | 184.14 | 20.53 | 42.34 | 100.00 | 0.0 | 25.0 | -0.00 | 0 | -100.0 | 21.96 | 10.08 | 53.35 |
| 23Q3 (19) | 8.92 | -36.96 | -29.32 | -8.99 | -132.9 | -94.17 | -8.99 | -261.04 | -347.26 | -8.92 | -303.62 | -284.48 | -4.76 | -332.73 | -317.54 | -1.69 | -604.17 | -397.06 | 0.21 | 0.0 | -4.55 | -3.24 | -188.04 | -183.08 | 152.77 | 1.09 | 21.29 | 100.00 | -36.11 | -55.56 | -0.00 | 100.0 | 100.0 | 19.95 | 18.12 | 21.65 |
| 23Q2 (18) | 14.15 | -0.35 | -15.92 | -3.86 | -27.81 | -743.33 | -2.49 | 33.24 | -235.33 | -2.21 | 40.43 | -230.77 | -1.10 | 36.42 | -220.88 | -0.24 | 56.36 | -144.44 | 0.21 | 5.0 | -12.5 | 3.68 | 38.35 | -46.9 | 151.13 | 11.32 | 16.37 | 156.52 | 97.1 | 421.74 | -56.52 | -420.29 | -186.96 | 16.89 | 1.02 | 5.1 |
| 23Q1 (17) | 14.20 | -2.54 | -5.52 | -3.02 | -308.11 | -308.11 | -3.73 | -273.0 | -578.18 | -3.71 | -437.68 | -204.1 | -1.73 | -380.56 | -162.12 | -0.55 | -1475.0 | -243.75 | 0.20 | -13.04 | -16.67 | 2.66 | -43.04 | -39.95 | 135.76 | 4.94 | 12.33 | 79.41 | -0.74 | -40.44 | 17.65 | -41.18 | 152.94 | 16.72 | 16.76 | 14.6 |
| 22Q4 (16) | 14.57 | 15.45 | -3.64 | -0.74 | 84.02 | -207.25 | -1.00 | 50.25 | -217.65 | -0.69 | 70.26 | 0 | -0.36 | 68.42 | 0 | 0.04 | 111.76 | -71.43 | 0.23 | 4.55 | -17.86 | 4.67 | 19.74 | -12.22 | 129.37 | 2.72 | 2.46 | 80.00 | -64.44 | 0.0 | 30.00 | 123.08 | 50.0 | 14.32 | -12.68 | 6.07 |
| 22Q3 (15) | 12.62 | -25.01 | -15.53 | -4.63 | -871.67 | -406.62 | -2.01 | -209.24 | -226.42 | -2.32 | -237.28 | -573.47 | -1.14 | -225.27 | -467.74 | -0.34 | -162.96 | -230.77 | 0.22 | -8.33 | -24.14 | 3.90 | -43.72 | -34.67 | 125.95 | -3.02 | -2.73 | 225.00 | 650.0 | 137.5 | -130.00 | -300.0 | -2570.0 | 16.40 | 2.05 | 16.56 |
| 22Q2 (14) | 16.83 | 11.98 | -6.55 | 0.60 | 181.08 | -85.22 | 1.84 | 434.55 | -56.29 | 1.69 | 238.52 | -41.52 | 0.91 | 237.88 | -52.11 | 0.54 | 437.5 | -45.45 | 0.24 | 0.0 | -22.58 | 6.93 | 56.43 | -11.94 | 129.87 | 7.45 | 18.16 | 30.00 | -77.5 | -68.85 | 65.00 | 295.0 | 1655.0 | 16.07 | 10.14 | 11.37 |
| 22Q1 (13) | 15.03 | -0.6 | -16.31 | -0.74 | -207.25 | -117.13 | -0.55 | -164.71 | -110.64 | -1.22 | 0 | -134.96 | -0.66 | 0 | -132.51 | -0.16 | -214.29 | -115.38 | 0.24 | -14.29 | -11.11 | 4.43 | -16.73 | -53.17 | 120.86 | -4.28 | 9.46 | 133.33 | 66.67 | 61.11 | -33.33 | -266.67 | -293.33 | 14.59 | 8.07 | 2.17 |
| 21Q4 (12) | 15.12 | 1.2 | -26.6 | 0.69 | -54.3 | -88.78 | 0.85 | -46.54 | -85.62 | 0.00 | -100.0 | -100.0 | 0.00 | -100.0 | -100.0 | 0.14 | -46.15 | -88.24 | 0.28 | -3.45 | 0.0 | 5.32 | -10.89 | -47.74 | 126.27 | -2.49 | 10.37 | 80.00 | -15.56 | -22.32 | 20.00 | 280.0 | 546.67 | 13.50 | -4.05 | -7.22 |
| 21Q3 (11) | 14.94 | -17.05 | -23.15 | 1.51 | -62.81 | -49.83 | 1.59 | -62.23 | -51.82 | 0.49 | -83.04 | -71.18 | 0.31 | -83.68 | -65.56 | 0.26 | -73.74 | -50.0 | 0.29 | -6.45 | 16.0 | 5.97 | -24.14 | -27.72 | 129.49 | 17.81 | 13.65 | 94.74 | -1.62 | 4.89 | 5.26 | 42.11 | -45.61 | 14.07 | -2.49 | -0.35 |
| 21Q2 (10) | 18.01 | 0.28 | -18.21 | 4.06 | -6.02 | -25.64 | 4.21 | -18.57 | -32.1 | 2.89 | -17.19 | -36.48 | 1.90 | -6.4 | -14.8 | 0.99 | -4.81 | -14.66 | 0.31 | 14.81 | 34.78 | 7.87 | -16.81 | -31.92 | 109.91 | -0.45 | -3.66 | 96.30 | 16.36 | 10.64 | 3.70 | -78.52 | -66.67 | 14.43 | 1.05 | 0 |
| 21Q1 (9) | 17.96 | -12.82 | 9.65 | 4.32 | -29.76 | 224.5 | 5.17 | -12.52 | 427.22 | 3.49 | -9.82 | 229.26 | 2.03 | -13.62 | 307.14 | 1.04 | -12.61 | 388.89 | 0.27 | -3.57 | 58.82 | 9.46 | -7.07 | 68.33 | 110.41 | -3.5 | 1.72 | 82.76 | -19.64 | -64.02 | 17.24 | 485.06 | 114.37 | 14.28 | -1.86 | -21.75 |
| 20Q4 (8) | 20.60 | 5.97 | 1.48 | 6.15 | 104.32 | 19.65 | 5.91 | 79.09 | 15.88 | 3.87 | 127.65 | 37.23 | 2.35 | 161.11 | 53.59 | 1.19 | 128.85 | 40.0 | 0.28 | 12.0 | 7.69 | 10.18 | 23.24 | 4.09 | 114.41 | 0.41 | 1.68 | 102.99 | 14.02 | 1.0 | -4.48 | -146.27 | 0 | 14.55 | 3.05 | 0 |
| 20Q3 (7) | 19.44 | -11.72 | 3.46 | 3.01 | -44.87 | 7.12 | 3.30 | -46.77 | -6.78 | 1.70 | -62.64 | -17.87 | 0.90 | -59.64 | -8.16 | 0.52 | -55.17 | -11.86 | 0.25 | 8.7 | 8.7 | 8.26 | -28.55 | -6.67 | 113.94 | -0.12 | 9.18 | 90.32 | 3.77 | 15.61 | 9.68 | -12.9 | -48.39 | 14.12 | 0 | -15.35 |
| 20Q2 (6) | 22.02 | 34.43 | 20.66 | 5.46 | 257.35 | 180.0 | 6.20 | 492.41 | 129.63 | 4.55 | 268.52 | 207.43 | 2.23 | 327.55 | 248.44 | 1.16 | 422.22 | 163.64 | 0.23 | 35.29 | 4.55 | 11.56 | 105.69 | 34.58 | 114.08 | 5.1 | 12.66 | 87.04 | -62.16 | 17.76 | 11.11 | 109.26 | -57.41 | 0.00 | -100.0 | -100.0 |
| 20Q1 (5) | 16.38 | -19.31 | -2.56 | -3.47 | -167.51 | -17450.0 | -1.58 | -130.98 | -2075.0 | -2.70 | -195.74 | -154.72 | -0.98 | -164.05 | -139.02 | -0.36 | -142.35 | -260.0 | 0.17 | -34.62 | -15.0 | 5.62 | -42.54 | -11.91 | 108.54 | -3.54 | 12.02 | 230.00 | 125.58 | 0 | -120.00 | 0 | 0 | 18.25 | 0 | -10.1 |
| 19Q4 (4) | 20.30 | 8.04 | 0.0 | 5.14 | 82.92 | 0.0 | 5.10 | 44.07 | 0.0 | 2.82 | 36.23 | 0.0 | 1.53 | 56.12 | 0.0 | 0.85 | 44.07 | 0.0 | 0.26 | 13.04 | 0.0 | 9.78 | 10.51 | 0.0 | 112.52 | 7.82 | 0.0 | 101.96 | 30.51 | 0.0 | -0.00 | -100.0 | 0.0 | 0.00 | -100.0 | 0.0 |
| 19Q3 (3) | 18.79 | 2.96 | 0.0 | 2.81 | 44.1 | 0.0 | 3.54 | 31.11 | 0.0 | 2.07 | 39.86 | 0.0 | 0.98 | 53.12 | 0.0 | 0.59 | 34.09 | 0.0 | 0.23 | 4.55 | 0.0 | 8.85 | 3.03 | 0.0 | 104.36 | 3.06 | 0.0 | 78.12 | 5.7 | 0.0 | 18.75 | -28.12 | 0.0 | 16.68 | 11.95 | 0.0 |
| 19Q2 (2) | 18.25 | 8.57 | 0.0 | 1.95 | 9650.0 | 0.0 | 2.70 | 3275.0 | 0.0 | 1.48 | 239.62 | 0.0 | 0.64 | 256.1 | 0.0 | 0.44 | 540.0 | 0.0 | 0.22 | 10.0 | 0.0 | 8.59 | 34.64 | 0.0 | 101.26 | 4.51 | 0.0 | 73.91 | 0 | 0.0 | 26.09 | 0 | 0.0 | 14.90 | -26.6 | 0.0 |
| 19Q1 (1) | 16.81 | 0.0 | 0.0 | 0.02 | 0.0 | 0.0 | 0.08 | 0.0 | 0.0 | -1.06 | 0.0 | 0.0 | -0.41 | 0.0 | 0.0 | -0.10 | 0.0 | 0.0 | 0.20 | 0.0 | 0.0 | 6.38 | 0.0 | 0.0 | 96.89 | 0.0 | 0.0 | 0.00 | 0.0 | 0.0 | 0.00 | 0.0 | 0.0 | 20.30 | 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 | |||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023 (10) | 9.98 | -32.66 | -9.91 | 0 | 4.78 | 5.87 | -9.74 | 0 | -9.95 | 0 | -21.14 | 0 | -7.48 | 0 | 0.84 | -10.64 | -3.65 | 0 | 184.14 | 42.34 | 101.69 | -69.87 | -1.69 | 0 | 0.12 | 5.03 | 18.85 | 22.96 |
| 2022 (9) | 14.82 | -10.13 | -1.30 | 0 | 4.51 | 21.56 | -0.38 | 0 | -0.59 | 0 | -1.27 | 0 | 0.09 | -96.19 | 0.94 | -17.54 | 4.99 | -29.82 | 129.37 | 2.46 | 337.50 | 277.36 | -237.50 | 0 | 0.11 | 23.48 | 15.33 | 8.96 |
| 2021 (8) | 16.49 | -17.01 | 2.63 | -22.65 | 3.71 | -20.04 | 2.93 | -25.45 | 1.69 | -25.22 | 4.26 | -1.84 | 2.36 | -2.88 | 1.14 | 26.67 | 7.11 | -22.21 | 126.27 | 10.37 | 89.44 | 3.37 | 9.86 | -26.83 | 0.09 | -25.28 | 14.07 | -8.75 |
| 2020 (7) | 19.87 | 6.54 | 3.40 | 28.3 | 4.64 | -3.08 | 3.93 | 30.56 | 2.26 | 55.86 | 4.34 | 62.55 | 2.43 | 36.52 | 0.90 | -1.1 | 9.14 | 7.53 | 114.41 | 1.68 | 86.52 | -1.38 | 13.48 | 9.87 | 0.12 | -20.77 | 15.42 | -8.32 |
| 2019 (6) | 18.65 | 0.0 | 2.65 | -42.52 | 4.79 | 117.95 | 3.01 | -42.88 | 1.45 | -51.51 | 2.67 | -55.72 | 1.78 | -49.58 | 0.91 | -15.74 | 8.50 | 6.52 | 112.52 | 21.21 | 87.74 | 0.27 | 12.26 | -1.89 | 0.15 | -15.91 | 16.82 | 6.19 |
| 2018 (5) | 18.65 | -5.23 | 4.61 | -21.2 | 2.20 | 12.48 | 5.27 | 0.19 | 2.99 | -12.83 | 6.03 | -2.43 | 3.53 | -6.86 | 1.08 | 5.88 | 7.98 | 3.91 | 92.83 | 13.73 | 87.50 | -21.57 | 12.50 | 0 | 0.18 | 72.94 | 15.84 | 0.0 |
| 2017 (4) | 19.68 | -9.97 | 5.85 | -5.95 | 1.95 | -20.87 | 5.26 | -10.7 | 3.43 | 6.52 | 6.18 | 23.6 | 3.79 | 15.55 | 1.02 | 9.68 | 7.68 | -13.32 | 81.62 | 14.49 | 111.56 | 5.82 | -11.06 | 0 | 0.11 | 0 | 15.84 | -11.85 |
| 2016 (3) | 21.86 | 18.8 | 6.22 | 57.07 | 2.47 | -8.32 | 5.89 | 49.87 | 3.22 | 35.86 | 5.00 | 36.61 | 3.28 | 28.63 | 0.93 | -1.06 | 8.86 | 24.26 | 71.29 | 13.12 | 105.42 | 4.68 | -5.42 | 0 | 0.00 | 0 | 17.97 | 5.03 |
| 2015 (2) | 18.40 | 17.2 | 3.96 | 17.51 | 2.69 | 3.36 | 3.93 | -9.66 | 2.37 | -8.85 | 3.66 | -20.43 | 2.55 | -18.53 | 0.94 | -10.48 | 7.13 | -4.93 | 63.02 | -3.02 | 100.70 | 30.62 | -0.70 | 0 | 0.00 | 0 | 17.11 | 3.95 |
| 2014 (1) | 15.70 | 0 | 3.37 | 0 | 2.61 | 32.55 | 4.35 | 0 | 2.60 | 0 | 4.60 | 0 | 3.13 | 0 | 1.05 | -4.55 | 7.50 | 24.58 | 64.98 | -8.92 | 77.09 | -14.27 | 22.35 | 121.97 | 0.00 | 0 | 16.46 | 11.9 |
