- 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) | -7.38 | 88.77 | -117.2 | -2824.05 | -7.87 | -2840.49 | -3368.81 | -129.53 | -1937.38 | -3368.81 | -129.53 | -1906.56 | -12.60 | -134.64 | 4.4 | -10.40 | -140.74 | -0.48 | 0.00 | 0 | -100.0 | 0.00 | 0 | 100.0 | 20.80 | -0.81 | -39.34 | 85.71 | -50.0 | 44.64 | 14.29 | 120.0 | -64.94 | 1257.14 | -6.38 | 1009.27 |
23Q3 (19) | -65.70 | -181.06 | -327.02 | -2617.94 | -314.84 | -1128.39 | -1467.71 | -114.82 | -474.13 | -1467.71 | -96.65 | -465.72 | -5.37 | 75.06 | 68.67 | -4.32 | 73.1 | 68.21 | 0.00 | -100.0 | -100.0 | 0.00 | 100.0 | 100.0 | 20.97 | -20.18 | 1.21 | 171.43 | 84.62 | 106.72 | -71.43 | -1100.0 | -518.37 | 1342.83 | 199.89 | 534.58 |
23Q2 (18) | 81.05 | 102.32 | 250.56 | -631.07 | -351.96 | -133.09 | -683.23 | -395.13 | -163.51 | -746.34 | -440.87 | -189.38 | -21.53 | -51.3 | -45.08 | -16.06 | -54.57 | -43.52 | 0.02 | -75.0 | -50.0 | -550.00 | -395.0 | -150.0 | 26.27 | -32.68 | -14.43 | 92.86 | -7.14 | -11.67 | 7.14 | 0 | 239.29 | 447.77 | 253.97 | 97.59 |
23Q1 (17) | 40.06 | -6.64 | 60.56 | -139.63 | -45.39 | -35.52 | -137.99 | 16.55 | -30.81 | -137.99 | 17.81 | -29.54 | -14.23 | -7.97 | 11.89 | -10.39 | -0.39 | 12.17 | 0.08 | 33.33 | -27.27 | -111.11 | 17.87 | -36.5 | 39.02 | 13.79 | 16.03 | 100.00 | 68.75 | 2.22 | -0.00 | -100.0 | -100.0 | 126.50 | 11.62 | 35.05 |
22Q4 (16) | 42.91 | 48.27 | 143.81 | -96.04 | 54.94 | -78.51 | -165.35 | 35.32 | -2.57 | -167.89 | 35.29 | -4.12 | -13.18 | 23.1 | 56.97 | -10.35 | 23.84 | 55.19 | 0.06 | 20.0 | -57.14 | -135.29 | 36.33 | -3.83 | 34.29 | 65.49 | -10.66 | 59.26 | -28.54 | 76.13 | 40.74 | 138.62 | -38.6 | 113.33 | -46.44 | 117.69 |
22Q3 (15) | 28.94 | 25.17 | 108.2 | -213.12 | 21.28 | -566.21 | -255.64 | 1.4 | -500.23 | -259.44 | -0.59 | -508.73 | -17.14 | -15.5 | -98.38 | -13.59 | -21.45 | -101.93 | 0.05 | 25.0 | -68.75 | -212.50 | 3.41 | -2132.14 | 20.72 | -32.51 | -26.05 | 82.93 | -21.12 | 10.57 | 17.07 | 432.93 | -31.71 | 211.61 | -6.62 | 437.49 |
22Q2 (14) | 23.12 | -7.33 | 63.86 | -270.74 | -162.78 | -830.38 | -259.28 | -145.79 | -724.68 | -257.91 | -142.12 | -710.78 | -14.84 | 8.11 | -154.11 | -11.19 | 5.41 | -150.9 | 0.04 | -63.64 | -71.43 | -220.00 | -170.27 | -18433.33 | 30.70 | -8.71 | 9.21 | 105.13 | 7.46 | 13.89 | -5.13 | -335.9 | -166.67 | 226.62 | 141.93 | 512.49 |
22Q1 (13) | 24.95 | 41.76 | -32.64 | -103.03 | -91.51 | -436.06 | -105.49 | 34.56 | -1269.51 | -106.52 | 33.94 | -1340.05 | -16.15 | 47.27 | -887.8 | -11.83 | 48.79 | -982.84 | 0.11 | -21.43 | -26.67 | -81.40 | 37.53 | -313.2 | 33.63 | -12.38 | 4.41 | 97.83 | 190.76 | 146.58 | 2.17 | -96.72 | -99.3 | 93.67 | 79.93 | 155.72 |
21Q4 (12) | 17.60 | 26.62 | -60.57 | -53.80 | -68.18 | -2185.27 | -161.21 | -278.52 | -1533.33 | -161.25 | -278.34 | -1459.48 | -30.63 | -254.51 | -638.07 | -23.10 | -243.24 | -882.98 | 0.14 | -12.5 | -39.13 | -130.30 | -1268.7 | -1848.99 | 38.38 | 36.97 | -50.74 | 33.64 | -55.14 | 227.85 | 66.36 | 165.42 | -45.18 | 52.06 | 32.23 | 115.3 |
21Q3 (11) | 13.90 | -1.49 | -72.68 | -31.99 | -9.93 | -229.88 | -42.59 | -35.46 | -458.8 | -42.62 | -33.98 | -464.27 | -8.64 | -47.95 | -246.44 | -6.73 | -50.9 | -305.18 | 0.16 | 14.29 | -42.86 | -9.52 | -893.33 | -134.04 | 28.02 | -0.32 | -60.83 | 75.00 | -18.75 | -63.79 | 25.00 | 225.0 | 123.33 | 39.37 | 6.41 | 135.19 |
21Q2 (10) | 14.11 | -61.91 | -64.06 | -29.10 | -51.4 | -222.53 | -31.44 | -448.56 | -232.94 | -31.81 | -470.31 | -234.62 | -5.84 | -384.88 | -152.14 | -4.46 | -432.84 | -171.47 | 0.14 | -6.67 | -46.15 | 1.20 | -96.86 | -97.11 | 28.11 | -12.73 | -69.13 | 92.31 | 143.96 | -7.69 | 7.69 | -97.52 | 0 | 37.00 | 1.01 | 113.5 |
21Q1 (9) | 37.04 | -17.03 | 70.61 | -19.22 | -844.96 | 5.41 | 9.02 | 191.39 | 145.69 | 8.59 | 183.08 | 142.69 | 2.05 | 149.4 | 126.21 | 1.34 | 157.02 | 127.57 | 0.15 | -34.78 | -37.5 | 38.18 | 412.48 | 1011.22 | 32.21 | -58.66 | -50.41 | -210.00 | -698.0 | -303.82 | 310.00 | 156.09 | 10330.0 | 36.63 | 51.49 | 0 |
20Q4 (8) | 44.64 | -12.26 | 49.0 | 2.58 | -89.52 | -74.4 | -9.87 | -183.15 | -195.92 | -10.34 | -188.38 | -219.54 | -4.15 | -170.34 | -152.07 | -2.35 | -171.65 | -139.1 | 0.23 | -17.86 | -66.67 | 7.45 | -73.36 | -55.31 | 77.92 | 8.93 | 38.45 | -26.32 | -112.7 | -126.32 | 121.05 | 212.98 | 4863.16 | 24.18 | 44.44 | 0 |
20Q3 (7) | 50.88 | 29.6 | 71.83 | 24.63 | 3.71 | 915.56 | 11.87 | -49.81 | 556.54 | 11.70 | -50.49 | 427.73 | 5.90 | -47.32 | 1440.91 | 3.28 | -47.44 | 963.16 | 0.28 | 7.69 | 154.55 | 27.97 | -32.68 | 823.1 | 71.53 | -21.46 | 725.98 | 207.14 | 107.14 | 107.14 | -107.14 | 0 | 0 | 16.74 | -3.4 | -43.64 |
20Q2 (6) | 39.26 | 80.84 | -14.26 | 23.75 | 216.88 | 218.28 | 23.65 | 219.81 | 226.34 | 23.63 | 217.45 | 204.05 | 11.20 | 243.22 | 440.43 | 6.24 | 228.4 | 344.71 | 0.26 | 8.33 | 136.36 | 41.55 | 1091.65 | 806.63 | 91.07 | 40.22 | 246.01 | 100.00 | -2.94 | 0.0 | -0.00 | 100.0 | 0 | 17.33 | 0 | -64.78 |
20Q1 (5) | 21.71 | -27.54 | -46.46 | -20.32 | -301.59 | -144.82 | -19.74 | -291.84 | -195.95 | -20.12 | -332.6 | -149.63 | -7.82 | -198.12 | -421.33 | -4.86 | -180.87 | -315.38 | 0.24 | -65.22 | 60.0 | -4.19 | -125.13 | -192.09 | 64.95 | 15.41 | 125.91 | 103.03 | 3.03 | -48.48 | -3.03 | -224.24 | 0 | 0.00 | 0 | -100.0 |
19Q4 (4) | 29.96 | 1.18 | 0.0 | 10.08 | 433.77 | 0.0 | 10.29 | 495.77 | 0.0 | 8.65 | 342.3 | 0.0 | 7.97 | 1911.36 | 0.0 | 6.01 | 1681.58 | 0.0 | 0.69 | 527.27 | 0.0 | 16.67 | 450.17 | 0.0 | 56.28 | 549.88 | 0.0 | 100.00 | 0.0 | 0.0 | 2.44 | 0 | 0.0 | 0.00 | -100.0 | 0.0 |
19Q3 (3) | 29.61 | -35.34 | 0.0 | -3.02 | 84.96 | 0.0 | -2.60 | 86.11 | 0.0 | -3.57 | 84.28 | 0.0 | -0.44 | 86.63 | 0.0 | -0.38 | 85.1 | 0.0 | 0.11 | 0.0 | 0.0 | 3.03 | 151.53 | 0.0 | 8.66 | -67.1 | 0.0 | 100.00 | 0.0 | 0.0 | -0.00 | 0 | 0.0 | 29.70 | -39.65 | 0.0 |
19Q2 (2) | 45.79 | 12.92 | 0.0 | -20.08 | -141.93 | 0.0 | -18.72 | -180.66 | 0.0 | -22.71 | -181.76 | 0.0 | -3.29 | -119.33 | 0.0 | -2.55 | -117.95 | 0.0 | 0.11 | -26.67 | 0.0 | -5.88 | -229.23 | 0.0 | 26.32 | -8.45 | 0.0 | 100.00 | -50.0 | 0.0 | -0.00 | 0 | 0.0 | 49.21 | 9.09 | 0.0 |
19Q1 (1) | 40.55 | 0.0 | 0.0 | -8.30 | 0.0 | 0.0 | -6.67 | 0.0 | 0.0 | -8.06 | 0.0 | 0.0 | -1.50 | 0.0 | 0.0 | -1.17 | 0.0 | 0.0 | 0.15 | 0.0 | 0.0 | 4.55 | 0.0 | 0.0 | 28.75 | 0.0 | 0.0 | 200.00 | 0.0 | 0.0 | -0.00 | 0.0 | 0.0 | 45.11 | 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) | 44.36 | 54.94 | -323.80 | 0 | 69.57 | 295.65 | -319.30 | 0 | -330.44 | 0 | -50.96 | 0 | -39.17 | 0 | 0.12 | -55.56 | -239.13 | 0 | 20.80 | -39.34 | 101.37 | 14.13 | -1.37 | 0 | 1.59 | -78.36 | 227.59 | 62.68 |
2022 (9) | 28.63 | 29.66 | -148.76 | 0 | 17.58 | 141.23 | -168.15 | 0 | -169.54 | 0 | -62.59 | 0 | -45.64 | 0 | 0.27 | -51.79 | -136.26 | 0 | 34.29 | -10.66 | 88.82 | 30.76 | 11.84 | -63.08 | 7.34 | -42.84 | 139.90 | 246.54 |
2021 (8) | 22.08 | -45.2 | -31.41 | 0 | 7.29 | 132.65 | -46.24 | 0 | -46.49 | 0 | -42.30 | 0 | -25.99 | 0 | 0.56 | -46.67 | -15.16 | 0 | 38.38 | -50.74 | 67.92 | -78.23 | 32.08 | 0 | 12.83 | -69.69 | 40.37 | 111.03 |
2020 (7) | 40.29 | 30.05 | 9.79 | 35.03 | 3.13 | 85.62 | 3.18 | -58.05 | 2.94 | -50.34 | 5.20 | -47.69 | 3.17 | -52.11 | 1.05 | -5.41 | 19.80 | 37.98 | 77.92 | 32.16 | 312.00 | 230.35 | -212.00 | 0 | 42.35 | -0.77 | 19.13 | 50.27 |
2019 (6) | 30.98 | -31.49 | 7.25 | 0 | 1.69 | -32.49 | 7.58 | 0 | 5.92 | 0 | 9.94 | 0 | 6.62 | 0 | 1.11 | 246.88 | 14.35 | 0 | 58.96 | 165.94 | 94.44 | -17.87 | 5.56 | 0 | 42.67 | 8.55 | 12.73 | -85.35 |
2018 (5) | 45.22 | 0 | -57.32 | 0 | 2.50 | 0 | -49.34 | 0 | -51.13 | 0 | -20.86 | 0 | -16.35 | 0 | 0.32 | -28.89 | -45.00 | 0 | 22.17 | -38.74 | 115.00 | 108.82 | -15.00 | 0 | 39.31 | 0 | 86.91 | 82.62 |
2017 (4) | -1.02 | 0 | -61.94 | 0 | 0.00 | 0 | -112.67 | 0 | -112.67 | 0 | -78.85 | 0 | -49.87 | 0 | 0.45 | -16.67 | -106.56 | 0 | 36.19 | -50.26 | 55.07 | -43.03 | 44.93 | 978.26 | 0.00 | 0 | 47.59 | 22.21 |
2016 (3) | -20.34 | 0 | -101.91 | 0 | 27.19 | -3.59 | -106.00 | 0 | -110.31 | 0 | -128.73 | 0 | -58.43 | 0 | 0.54 | 25.58 | -71.93 | 0 | 72.76 | -54.65 | 96.67 | 3.26 | 4.17 | -34.72 | 0.00 | 0 | 38.94 | 5.04 |
2015 (2) | -23.28 | 0 | -75.22 | 0 | 28.21 | -4.94 | -79.96 | 0 | -79.99 | 0 | -102.70 | 0 | -33.10 | 0 | 0.43 | -2.27 | -47.86 | 0 | 160.45 | -34.1 | 93.62 | 85.72 | 6.38 | -87.13 | 0.00 | 0 | 37.07 | 52.3 |
2014 (1) | -14.99 | 0 | -34.26 | 0 | 29.67 | 38.21 | -67.82 | 0 | -68.60 | 0 | -83.45 | 0 | -29.46 | 0 | 0.44 | -22.81 | -34.62 | 0 | 243.46 | 68.21 | 50.41 | 17.07 | 49.59 | -12.91 | 0.00 | 0 | 24.34 | 69.97 |