- 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) | 7.47 | -50.82 | 35.82 | -13.39 | -172.15 | 56.68 | -23.80 | -345.69 | 86.56 | -26.26 | -509.28 | 88.55 | -10.41 | -415.35 | 55.98 | -3.35 | -583.67 | 51.73 | 0.14 | -6.67 | 250.0 | -14.01 | -462.02 | 90.96 | 201.60 | 10.67 | -30.53 | 56.16 | -40.53 | 223.84 | 43.84 | 689.04 | -46.97 | 23.77 | 8.69 | -59.1 |
| 23Q3 (19) | 15.19 | 52.05 | 155.29 | -4.92 | 60.42 | 82.83 | -5.34 | 57.11 | 84.89 | -4.31 | 64.7 | 87.15 | -2.02 | 49.5 | 67.73 | -0.49 | 60.48 | 75.5 | 0.15 | 25.0 | 150.0 | 3.87 | 455.05 | 117.92 | 182.17 | 5.02 | -6.39 | 94.44 | -5.56 | 15.43 | 5.56 | 0 | -71.24 | 21.87 | -14.1 | -44.07 |
| 23Q2 (18) | 9.99 | -29.1 | -34.71 | -12.43 | 2.81 | -1875.71 | -12.45 | -228.35 | -636.69 | -12.21 | -303.84 | -419.57 | -4.00 | -261.29 | -349.44 | -1.24 | -229.17 | -588.89 | 0.12 | 50.0 | -7.69 | -1.09 | -104.4 | -123.96 | 173.47 | 7.33 | -12.89 | 100.00 | 176.67 | 325.0 | -0.00 | -100.0 | -100.0 | 25.46 | -21.61 | 24.8 |
| 23Q1 (17) | 14.09 | 156.18 | 6.99 | -12.79 | 58.62 | -224.62 | 9.70 | 105.48 | 212.53 | 5.99 | 102.61 | 171.31 | 2.48 | 110.49 | 168.7 | 0.96 | 113.83 | 192.31 | 0.08 | 100.0 | -38.46 | 24.79 | 116.0 | 988.53 | 161.62 | -44.31 | -22.09 | -130.43 | -852.08 | -385.71 | 230.43 | 178.78 | 324.0 | 32.48 | -44.12 | 43.72 |
| 22Q4 (16) | 5.50 | -7.56 | -59.68 | -30.91 | -7.89 | -226.4 | -177.03 | -400.79 | -1011.3 | -229.43 | -583.85 | -1386.91 | -23.65 | -277.8 | -328.44 | -6.94 | -247.0 | -353.59 | 0.04 | -33.33 | -63.64 | -154.90 | -617.13 | -1684.56 | 290.20 | 49.12 | 23.48 | 17.34 | -78.8 | -70.79 | 82.66 | 327.87 | 103.46 | 58.12 | 48.64 | 112.97 |
| 22Q3 (15) | 5.95 | -61.11 | -59.41 | -28.65 | -4192.86 | -2681.08 | -35.35 | -1991.72 | -3143.12 | -33.55 | -1327.66 | -2121.85 | -6.26 | -603.37 | -636.47 | -2.00 | -1011.11 | -1328.57 | 0.06 | -53.85 | -62.5 | -21.60 | -574.73 | -711.9 | 194.61 | -2.27 | -18.46 | 81.82 | 284.09 | 181.82 | 19.32 | -86.63 | -90.34 | 39.10 | 91.67 | 120.41 |
| 22Q2 (14) | 15.30 | 16.17 | 61.9 | 0.70 | 117.77 | 113.11 | -1.69 | 80.39 | 74.59 | -2.35 | 72.02 | 65.54 | -0.89 | 75.35 | 78.61 | -0.18 | 82.69 | 83.18 | 0.13 | 0.0 | -23.53 | 4.55 | 263.08 | 277.04 | 199.14 | -4.01 | -25.74 | -44.44 | -197.35 | -155.22 | 144.44 | 165.78 | 640.28 | 20.40 | -9.73 | -2.35 |
| 22Q1 (13) | 13.17 | -3.45 | 115.9 | -3.94 | 58.39 | 56.22 | -8.62 | 45.89 | 13.71 | -8.40 | 45.56 | 13.76 | -3.61 | 34.6 | 34.84 | -1.04 | 32.03 | 37.72 | 0.13 | 18.18 | -27.78 | -2.79 | 67.86 | 51.22 | 207.45 | -11.73 | -15.91 | 45.65 | -23.11 | -48.87 | 54.35 | 33.78 | 407.25 | 22.60 | -17.19 | 5.95 |
| 21Q4 (12) | 13.64 | -6.96 | 70.07 | -9.47 | -953.15 | -34.52 | -15.93 | -1361.47 | -112.97 | -15.43 | -921.85 | -58.26 | -5.52 | -549.41 | 6.76 | -1.53 | -992.86 | 28.17 | 0.11 | -31.25 | -50.0 | -8.68 | -345.89 | -109.16 | 235.01 | -1.53 | 24.57 | 59.38 | 159.38 | -36.58 | 40.62 | -79.69 | 536.46 | 27.29 | 53.83 | 54.44 |
| 21Q3 (11) | 14.66 | 55.13 | -4.06 | 1.11 | 120.79 | -62.12 | -1.09 | 83.61 | -138.65 | -1.51 | 77.86 | -183.43 | -0.85 | 79.57 | -182.52 | -0.14 | 86.92 | -131.82 | 0.16 | -5.88 | -30.43 | 3.53 | 237.35 | -41.17 | 238.66 | -11.0 | 50.04 | -100.00 | -224.24 | -194.44 | 200.00 | 925.0 | 3500.0 | 17.74 | -15.08 | 18.58 |
| 21Q2 (10) | 9.45 | 54.92 | 264.86 | -5.34 | 40.67 | 42.52 | -6.65 | 33.43 | 50.67 | -6.82 | 29.98 | 46.59 | -4.16 | 24.91 | 37.25 | -1.07 | 35.93 | 62.19 | 0.17 | -5.56 | -26.09 | -2.57 | 55.07 | 75.41 | 268.16 | 8.69 | 97.21 | 80.49 | -9.85 | 16.94 | 19.51 | 82.11 | -37.4 | 20.89 | -2.06 | 0 |
| 21Q1 (9) | 6.10 | -23.94 | -17.9 | -9.00 | -27.84 | -26.4 | -9.99 | -33.56 | -27.59 | -9.74 | 0.1 | -1.46 | -5.54 | 6.42 | -61.99 | -1.67 | 21.6 | -22.79 | 0.18 | -18.18 | 20.0 | -5.72 | -37.83 | -73.33 | 246.71 | 30.78 | 98.21 | 89.29 | -4.63 | -1.79 | 10.71 | 67.86 | 17.86 | 21.33 | 20.71 | 0 |
| 20Q4 (8) | 8.02 | -47.51 | -30.8 | -7.04 | -340.27 | -255.07 | -7.48 | -365.25 | -399.2 | -9.75 | -638.67 | -737.25 | -5.92 | -674.76 | -658.49 | -2.13 | -584.09 | -534.69 | 0.22 | -4.35 | -21.43 | -4.15 | -169.17 | -185.92 | 188.65 | 18.6 | 29.32 | 93.62 | -11.58 | -49.4 | 6.38 | 208.51 | 107.98 | 17.67 | 18.11 | 331.89 |
| 20Q3 (7) | 15.28 | 489.96 | 19.28 | 2.93 | 131.54 | -46.63 | 2.82 | 120.92 | -57.01 | 1.81 | 114.17 | -65.13 | 1.03 | 115.54 | -73.99 | 0.44 | 115.55 | -74.27 | 0.23 | 0.0 | -28.12 | 6.00 | 157.42 | -31.58 | 159.06 | 16.97 | 9.5 | 105.88 | 53.83 | 26.6 | -5.88 | -118.87 | -135.95 | 14.96 | 0 | -2.48 |
| 20Q2 (6) | 2.59 | -65.14 | -79.81 | -9.29 | -30.48 | -371.64 | -13.48 | -72.16 | -380.83 | -12.77 | -33.02 | -461.76 | -6.63 | -93.86 | -414.22 | -2.83 | -108.09 | -394.79 | 0.23 | 53.33 | -11.54 | -10.45 | -216.67 | -241.98 | 135.98 | 9.25 | -1.13 | 68.83 | -24.29 | -3.01 | 31.17 | 242.86 | 7.36 | 0.00 | 0 | -100.0 |
| 20Q1 (5) | 7.43 | -35.89 | -15.09 | -7.12 | -256.83 | -293.37 | -7.83 | -413.2 | -244.93 | -9.60 | -727.45 | -377.61 | -3.42 | -422.64 | -322.22 | -1.36 | -377.55 | -466.67 | 0.15 | -46.43 | -16.67 | -3.30 | -168.32 | -265.83 | 124.47 | -14.68 | 7.8 | 90.91 | -50.86 | 13.64 | 9.09 | 111.36 | -54.55 | 0.00 | 100.0 | -100.0 |
| 19Q4 (4) | 11.59 | -9.52 | 0.0 | 4.54 | -17.3 | 0.0 | 2.50 | -61.89 | 0.0 | 1.53 | -70.52 | 0.0 | 1.06 | -73.23 | 0.0 | 0.49 | -71.35 | 0.0 | 0.28 | -12.5 | 0.0 | 4.83 | -44.93 | 0.0 | 145.88 | 0.43 | 0.0 | 185.00 | 121.2 | 0.0 | -80.00 | -588.89 | 0.0 | -7.62 | -149.67 | 0.0 |
| 19Q3 (3) | 12.81 | -0.16 | 0.0 | 5.49 | 60.53 | 0.0 | 6.56 | 36.67 | 0.0 | 5.19 | 47.03 | 0.0 | 3.96 | 87.68 | 0.0 | 1.71 | 78.12 | 0.0 | 0.32 | 23.08 | 0.0 | 8.77 | 19.16 | 0.0 | 145.26 | 5.61 | 0.0 | 83.64 | 17.85 | 0.0 | 16.36 | -43.64 | 0.0 | 15.34 | -21.57 | 0.0 |
| 19Q2 (2) | 12.83 | 46.63 | 0.0 | 3.42 | 288.95 | 0.0 | 4.80 | 311.45 | 0.0 | 3.53 | 275.62 | 0.0 | 2.11 | 360.49 | 0.0 | 0.96 | 500.0 | 0.0 | 0.26 | 44.44 | 0.0 | 7.36 | 269.85 | 0.0 | 137.54 | 19.12 | 0.0 | 70.97 | -11.29 | 0.0 | 29.03 | 45.16 | 0.0 | 19.56 | 38.72 | 0.0 |
| 19Q1 (1) | 8.75 | 0.0 | 0.0 | -1.81 | 0.0 | 0.0 | -2.27 | 0.0 | 0.0 | -2.01 | 0.0 | 0.0 | -0.81 | 0.0 | 0.0 | -0.24 | 0.0 | 0.0 | 0.18 | 0.0 | 0.0 | 1.99 | 0.0 | 0.0 | 115.46 | 0.0 | 0.0 | 80.00 | 0.0 | 0.0 | 20.00 | 0.0 | 0.0 | 14.10 | 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) | 11.67 | -2.02 | -10.57 | 0 | 7.89 | 13.59 | -8.90 | 0 | -9.96 | 0 | -12.98 | 0 | -2.94 | 0 | 0.39 | -2.5 | 2.17 | 0 | 201.60 | -30.53 | 118.45 | 261.44 | -18.45 | 0 | 0.23 | -40.27 | 25.39 | -10.35 |
| 2022 (9) | 11.91 | 9.87 | -9.29 | 0 | 6.95 | 80.49 | -28.26 | 0 | -33.58 | 0 | -39.88 | 0 | -10.60 | 0 | 0.40 | -40.3 | -19.28 | 0 | 290.20 | 23.48 | 32.77 | -52.13 | 66.99 | 112.34 | 0.38 | -17.67 | 28.32 | 33.08 |
| 2021 (8) | 10.84 | 27.98 | -5.20 | 0 | 3.85 | 27.78 | -7.62 | 0 | -7.63 | 0 | -16.06 | 0 | -4.71 | 0 | 0.67 | -11.84 | -2.72 | 0 | 235.01 | 24.57 | 68.45 | -12.88 | 31.55 | 47.22 | 0.46 | 33.37 | 21.28 | 36.24 |
| 2020 (7) | 8.47 | -28.16 | -4.95 | 0 | 3.01 | 33.28 | -6.31 | 0 | -7.38 | 0 | -14.83 | 0 | -5.41 | 0 | 0.76 | -20.83 | -2.88 | 0 | 188.65 | 29.32 | 78.57 | -21.43 | 21.43 | 0 | 0.35 | 106.86 | 15.62 | 66.88 |
| 2019 (6) | 11.79 | 0.43 | 3.52 | -16.98 | 2.26 | 61.55 | 3.49 | -22.27 | 2.53 | -17.86 | 5.94 | -32.58 | 2.69 | -35.8 | 0.96 | -22.58 | 6.16 | -2.22 | 145.88 | 2.17 | 100.00 | 5.79 | -1.04 | 0 | 0.17 | 13.95 | 9.36 | 20.31 |
| 2018 (5) | 11.74 | -31.22 | 4.24 | -40.28 | 1.40 | -35.28 | 4.49 | -28.04 | 3.08 | -50.16 | 8.81 | -44.94 | 4.19 | -45.87 | 1.24 | 5.08 | 6.30 | -29.21 | 142.78 | 22.76 | 94.53 | -17.11 | 5.47 | 0 | 0.15 | 0 | 7.78 | -30.97 |
| 2017 (4) | 17.07 | -18.44 | 7.10 | -1.25 | 2.16 | -45.32 | 6.24 | -28.6 | 6.18 | -25.81 | 16.00 | -4.93 | 7.74 | -1.65 | 1.18 | 40.48 | 8.90 | -36.11 | 116.31 | -7.08 | 114.05 | 38.29 | -14.05 | 0 | 0.00 | 0 | 11.27 | -55.91 |
| 2016 (3) | 20.93 | 11.93 | 7.19 | 1041.27 | 3.95 | -10.0 | 8.74 | 2719.35 | 8.33 | 5453.33 | 16.83 | 6632.0 | 7.87 | 664.08 | 0.84 | 23.53 | 13.93 | 115.63 | 125.17 | -20.63 | 82.47 | -67.01 | 17.53 | 0 | 0.00 | 0 | 25.56 | 4.63 |
| 2015 (2) | 18.70 | 19.49 | 0.63 | 0 | 4.39 | -25.89 | 0.31 | 0 | 0.15 | 0 | 0.25 | 0 | 1.03 | 0 | 0.68 | -2.86 | 6.46 | 0 | 157.70 | 31.29 | 250.00 | 511.7 | -150.00 | 0 | 0.00 | 0 | 24.43 | 8.77 |
| 2014 (1) | 15.65 | 0 | -7.10 | 0 | 5.93 | -42.95 | -17.43 | 0 | -18.50 | 0 | -22.92 | 0 | -12.18 | 0 | 0.70 | 32.08 | -10.03 | 0 | 120.12 | 168.97 | 40.87 | -61.88 | 59.13 | 0 | 0.00 | 0 | 22.46 | -31.31 |
