- 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) | 19.60 | 2.51 | 37.54 | 3.67 | -8.25 | 203.38 | 0.35 | -94.93 | 104.21 | 0.08 | -98.83 | 100.97 | 0.05 | -98.91 | 101.19 | 0.61 | -65.54 | 222.0 | 0.15 | -11.76 | 15.38 | 12.47 | -30.22 | 113.16 | 296.11 | -0.92 | 2.68 | 1500.00 | 2483.33 | 3400.0 | -1300.00 | -3200.0 | -2375.0 | 16.34 | 8.21 | -25.42 |
| 23Q3 (19) | 19.12 | 20.86 | 31.86 | 4.00 | 450.88 | 217.46 | 6.90 | 5207.69 | 500.0 | 6.85 | 5169.23 | 511.61 | 4.60 | 6471.43 | 557.14 | 1.77 | 180.95 | 149.3 | 0.17 | 21.43 | 6.25 | 17.87 | 30.15 | 45.05 | 298.86 | 0.79 | 4.27 | 58.06 | 0 | -41.94 | 41.94 | 0 | 0 | 15.10 | -19.47 | 1.48 |
| 23Q2 (18) | 15.82 | 16.41 | -10.72 | -1.14 | 80.68 | -139.04 | 0.13 | 101.49 | -92.57 | 0.13 | 101.49 | -92.57 | 0.07 | 101.88 | -92.55 | 0.63 | 270.27 | -12.5 | 0.14 | 27.27 | -6.67 | 13.73 | 66.63 | -1.72 | 296.52 | 1.9 | 6.66 | 0.00 | -100.0 | -100.0 | 0.00 | -100.0 | 100.0 | 18.75 | -11.05 | 8.57 |
| 23Q1 (17) | 13.59 | -4.63 | 8.11 | -5.90 | -66.2 | -570.45 | -8.74 | -5.05 | -330.54 | -8.74 | -5.56 | -330.54 | -3.72 | 11.22 | -254.29 | -0.37 | 26.0 | -317.65 | 0.11 | -15.38 | -21.43 | 8.24 | 40.85 | -21.82 | 290.98 | 0.9 | 9.77 | 66.67 | 55.56 | 55.56 | 33.33 | -41.67 | -41.67 | 21.08 | -3.79 | 34.1 |
| 22Q4 (16) | 14.25 | -1.72 | 54.22 | -3.55 | -381.75 | 56.97 | -8.32 | -823.48 | 36.2 | -8.28 | -839.29 | 36.41 | -4.19 | -698.57 | 40.06 | -0.50 | -170.42 | 57.63 | 0.13 | -18.75 | 0.0 | 5.85 | -52.52 | 196.95 | 288.39 | 0.62 | 12.86 | 42.86 | -57.14 | -31.43 | 57.14 | 0 | 52.38 | 21.91 | 47.24 | -8.9 |
| 22Q3 (15) | 14.50 | -18.17 | 86.14 | 1.26 | -56.85 | 130.58 | 1.15 | -34.29 | 116.11 | 1.12 | -36.0 | 115.69 | 0.70 | -25.53 | 111.27 | 0.71 | -1.39 | 185.54 | 0.16 | 6.67 | -11.11 | 12.32 | -11.81 | 291.11 | 286.61 | 3.09 | -30.09 | 100.00 | -45.45 | 70.59 | 0.00 | 100.0 | -100.0 | 14.88 | -13.84 | -10.04 |
| 22Q2 (14) | 17.72 | 40.97 | 432.13 | 2.92 | 431.82 | 121.61 | 1.75 | 186.21 | 112.38 | 1.75 | 186.21 | 112.77 | 0.94 | 189.52 | 110.76 | 0.72 | 323.53 | 146.45 | 0.15 | 7.14 | 7.14 | 13.97 | 32.54 | 1635.16 | 278.01 | 4.88 | -24.31 | 183.33 | 327.78 | 91.67 | -66.67 | -216.67 | -1633.33 | 17.27 | 9.86 | -13.65 |
| 22Q1 (13) | 12.57 | 36.04 | 162.42 | -0.88 | 89.33 | 90.69 | -2.03 | 84.43 | 79.9 | -2.03 | 84.41 | 78.12 | -1.05 | 84.98 | 83.46 | 0.17 | 114.41 | 115.04 | 0.14 | 7.69 | -12.5 | 10.54 | 435.03 | 704.58 | 265.08 | 3.74 | -21.44 | 42.86 | -31.43 | -53.57 | 57.14 | 52.38 | 1014.29 | 15.72 | -34.64 | -13.63 |
| 21Q4 (12) | 9.24 | 18.61 | 3.01 | -8.25 | -100.24 | -32.85 | -13.04 | -82.63 | -10.23 | -13.02 | -82.35 | -20.22 | -6.99 | -12.56 | 11.74 | -1.18 | -42.17 | 28.92 | 0.13 | -27.78 | -31.58 | 1.97 | -37.46 | 178.17 | 255.53 | -37.67 | -18.26 | 62.50 | 6.62 | 20.37 | 37.50 | -9.37 | -22.0 | 24.05 | 45.41 | 86.72 |
| 21Q3 (11) | 7.79 | 133.93 | -51.58 | -4.12 | 69.5 | -424.41 | -7.14 | 49.47 | -3075.0 | -7.14 | 47.88 | -2650.0 | -6.21 | 28.95 | -2687.5 | -0.83 | 46.45 | -284.44 | 0.18 | 28.57 | -21.74 | 3.15 | 446.15 | -59.2 | 409.96 | 11.61 | 51.8 | 58.62 | -38.71 | -91.63 | 41.38 | 851.72 | 108.28 | 16.54 | -17.3 | 4.62 |
| 21Q2 (10) | 3.33 | -30.48 | 674.42 | -13.51 | -42.96 | 17.17 | -14.13 | -39.9 | 20.21 | -13.70 | -47.63 | 9.21 | -8.74 | -37.64 | -47.88 | -1.55 | -37.17 | -13.97 | 0.14 | -12.5 | 16.67 | -0.91 | -169.47 | 54.95 | 367.31 | 8.86 | 44.47 | 95.65 | 3.62 | 2.65 | 4.35 | -15.22 | -36.23 | 20.00 | 9.89 | 0 |
| 21Q1 (9) | 4.79 | -46.6 | 5.27 | -9.45 | -52.17 | 43.31 | -10.10 | 14.62 | 41.58 | -9.28 | 14.31 | 41.67 | -6.35 | 19.82 | -8.55 | -1.13 | 31.93 | 23.13 | 0.16 | -15.79 | 33.33 | 1.31 | 151.98 | 165.83 | 337.41 | 7.93 | 51.14 | 92.31 | 77.78 | -5.49 | 5.13 | -89.33 | 10.26 | 18.20 | 41.3 | 0 |
| 20Q4 (8) | 8.97 | -44.25 | -22.94 | -6.21 | -588.98 | -64.29 | -11.83 | -5029.17 | -34.43 | -10.83 | -3967.86 | -31.43 | -7.92 | -3400.0 | -128.24 | -1.66 | -468.89 | -112.82 | 0.19 | -17.39 | 35.71 | -2.52 | -132.64 | -170.79 | 312.63 | 15.76 | 50.99 | 51.92 | -92.58 | 16.83 | 48.08 | 109.62 | -18.87 | 12.88 | -18.53 | -58.89 |
| 20Q3 (7) | 16.09 | 3641.86 | 70.99 | 1.27 | 107.79 | -50.58 | 0.24 | 101.36 | 26.32 | 0.28 | 101.86 | 7.69 | 0.24 | 104.06 | 100.0 | 0.45 | 133.09 | 7.14 | 0.23 | 91.67 | 43.75 | 7.72 | 482.18 | -30.89 | 270.07 | 6.23 | 41.61 | 700.00 | 651.22 | -22.22 | -500.00 | -7433.33 | 37.5 | 15.81 | 0 | 10.95 |
| 20Q2 (6) | 0.43 | -90.55 | -96.76 | -16.31 | 2.16 | -1610.19 | -17.71 | -2.43 | -10517.65 | -15.09 | 5.15 | -336.15 | -5.91 | -1.03 | -298.99 | -1.36 | 7.48 | -199.27 | 0.12 | 0.0 | -25.0 | -2.02 | -1.51 | -119.13 | 254.24 | 13.88 | 35.42 | 93.18 | -4.6 | -76.7 | 6.82 | 46.59 | 102.27 | 0.00 | 0 | -100.0 |
| 20Q1 (5) | 4.55 | -60.91 | -69.15 | -16.67 | -341.01 | -475.45 | -17.29 | -96.48 | -628.75 | -15.91 | -93.08 | -1287.31 | -5.85 | -68.59 | -750.0 | -1.47 | -88.46 | -316.18 | 0.12 | -14.29 | -47.83 | -1.99 | -155.9 | -118.67 | 223.25 | 7.82 | 17.66 | 97.67 | 119.77 | -27.81 | 4.65 | -92.15 | 113.18 | 0.00 | -100.0 | -100.0 |
| 19Q4 (4) | 11.64 | 23.7 | 0.0 | -3.78 | -247.08 | 0.0 | -8.80 | -4731.58 | 0.0 | -8.24 | -3269.23 | 0.0 | -3.47 | -2991.67 | 0.0 | -0.78 | -285.71 | 0.0 | 0.14 | -12.5 | 0.0 | 3.56 | -68.13 | 0.0 | 207.06 | 8.57 | 0.0 | 44.44 | -95.06 | 0.0 | 59.26 | 107.41 | 0.0 | 31.33 | 119.86 | 0.0 |
| 19Q3 (3) | 9.41 | -29.14 | 0.0 | 2.57 | 137.96 | 0.0 | 0.19 | 11.76 | 0.0 | 0.26 | -95.93 | 0.0 | 0.12 | -95.96 | 0.0 | 0.42 | -69.34 | 0.0 | 0.16 | 0.0 | 0.0 | 11.17 | 5.78 | 0.0 | 190.71 | 1.58 | 0.0 | 900.00 | 125.0 | 0.0 | -800.00 | -166.67 | 0.0 | 14.25 | -10.99 | 0.0 |
| 19Q2 (2) | 13.28 | -9.97 | 0.0 | 1.08 | -75.68 | 0.0 | 0.17 | -94.8 | 0.0 | 6.39 | 376.87 | 0.0 | 2.97 | 230.0 | 0.0 | 1.37 | 101.47 | 0.0 | 0.16 | -30.43 | 0.0 | 10.56 | -0.94 | 0.0 | 187.74 | -1.05 | 0.0 | 400.00 | 195.65 | 0.0 | -300.00 | -750.0 | 0.0 | 16.01 | 33.08 | 0.0 |
| 19Q1 (1) | 14.75 | 0.0 | 0.0 | 4.44 | 0.0 | 0.0 | 3.27 | 0.0 | 0.0 | 1.34 | 0.0 | 0.0 | 0.90 | 0.0 | 0.0 | 0.68 | 0.0 | 0.0 | 0.23 | 0.0 | 0.0 | 10.66 | 0.0 | 0.0 | 189.74 | 0.0 | 0.0 | 135.29 | 0.0 | 0.0 | -35.29 | 0.0 | 0.0 | 12.03 | 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) | 17.41 | 17.79 | 0.80 | 1500.0 | 7.71 | -3.39 | 0.54 | 0 | 0.45 | 0 | 0.99 | 0 | 2.64 | 137.84 | 0.56 | -5.08 | 13.59 | 26.42 | 296.11 | 2.68 | 150.00 | 0 | -50.00 | 0 | 0.07 | -35.65 | 17.44 | 0.87 |
| 2022 (9) | 14.78 | 135.73 | 0.05 | 0 | 7.98 | -10.42 | -1.64 | 0 | -1.64 | 0 | -3.63 | 0 | 1.11 | 0 | 0.59 | -1.67 | 10.75 | 598.05 | 288.39 | 12.86 | -4.17 | 0 | 104.17 | 401.3 | 0.12 | 39.26 | 17.29 | -10.78 |
| 2021 (8) | 6.27 | -32.44 | -8.58 | 0 | 8.91 | 12.53 | -10.80 | 0 | -10.48 | 0 | -23.90 | 0 | -4.61 | 0 | 0.60 | -6.25 | 1.54 | 17.56 | 255.53 | -18.26 | 79.22 | 6.14 | 20.78 | -18.07 | 0.08 | -33.97 | 19.38 | 13.2 |
| 2020 (7) | 9.28 | -26.11 | -7.08 | 0 | 7.91 | 10.37 | -9.48 | 0 | -8.48 | 0 | -19.25 | 0 | -3.95 | 0 | 0.64 | -8.57 | 1.31 | -86.05 | 312.63 | 50.99 | 74.64 | 0 | 25.36 | -93.08 | 0.13 | -8.93 | 17.12 | -1.38 |
| 2019 (6) | 12.56 | -13.85 | 1.57 | -67.96 | 7.17 | 75.02 | -0.59 | 0 | 0.35 | -90.93 | 0.73 | -94.37 | 1.74 | -71.05 | 0.70 | -38.6 | 9.39 | -14.48 | 207.06 | 8.14 | -266.67 | 0 | 366.67 | 11541.67 | 0.14 | -38.14 | 17.36 | 56.82 |
| 2018 (5) | 14.58 | -10.0 | 4.90 | -37.74 | 4.10 | 5.33 | 5.07 | -19.78 | 3.86 | -39.78 | 12.97 | -53.81 | 6.01 | -40.14 | 1.14 | -11.63 | 10.98 | -8.42 | 191.47 | -2.2 | 96.85 | -22.26 | 3.15 | 0 | 0.22 | 0 | 11.07 | 14.24 |
| 2017 (4) | 16.20 | 30.23 | 7.87 | 139.21 | 3.89 | -38.37 | 6.32 | 335.86 | 6.41 | 336.05 | 28.08 | 393.5 | 10.04 | 197.92 | 1.29 | 37.23 | 11.99 | 14.63 | 195.78 | -33.53 | 124.58 | -44.83 | -24.58 | 0 | 0.00 | 0 | 9.69 | -15.15 |
| 2016 (3) | 12.44 | 37.92 | 3.29 | 840.0 | 6.31 | -20.3 | 1.45 | 339.39 | 1.47 | 425.0 | 5.69 | 390.52 | 3.37 | 38.68 | 0.94 | -6.0 | 10.46 | -5.85 | 294.56 | -11.35 | 225.81 | 125.81 | -125.81 | 0 | 0.00 | 0 | 11.42 | -5.85 |
| 2015 (2) | 9.02 | 199.67 | 0.35 | 0 | 7.92 | -29.55 | 0.33 | 0 | 0.28 | 0 | 1.16 | 0 | 2.43 | 0 | 1.00 | 29.87 | 11.11 | 279.18 | 332.27 | 12.89 | 100.00 | 24.0 | 0.00 | 0 | 0.00 | 0 | 12.13 | -37.73 |
| 2014 (1) | 3.01 | 0 | -8.81 | 0 | 11.24 | 3.35 | -10.87 | 0 | -10.87 | 0 | -32.45 | 0 | -6.94 | 0 | 0.77 | 10.0 | 2.93 | 0 | 294.33 | 5.01 | 80.65 | 3.69 | 19.35 | -15.54 | 0.00 | 0 | 19.48 | 1.14 |
