- 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) | 8.38 | -2.67 | -22.05 | 5.13 | 125.0 | -28.25 | -0.31 | -106.01 | -105.66 | -0.22 | -105.35 | -105.02 | -0.11 | -104.12 | -102.26 | 0.02 | -98.58 | -99.07 | 0.29 | -9.38 | -38.3 | 0.84 | -86.75 | -86.85 | 71.82 | -16.95 | -40.41 | -1850.00 | -4313.89 | -1521.34 | 1950.00 | 3376.09 | 6565.79 | 3.63 | -39.2 | 4.61 |
| 23Q3 (19) | 8.61 | -8.6 | 0.0 | 2.28 | -50.22 | -43.42 | 5.16 | -18.48 | -22.41 | 4.11 | -11.23 | -22.45 | 2.67 | -34.56 | -36.58 | 1.41 | -24.6 | -19.89 | 0.32 | -17.95 | 0.0 | 6.34 | -11.7 | -17.66 | 86.48 | -32.26 | -43.78 | 43.90 | -39.14 | -26.36 | 56.10 | 101.29 | 45.85 | 5.97 | 3.29 | -9.27 |
| 23Q2 (18) | 9.42 | -5.89 | -20.24 | 4.58 | -22.37 | -22.24 | 6.33 | 15.09 | -20.08 | 4.63 | 5.47 | -24.59 | 4.08 | 13.33 | -13.56 | 1.87 | 10.0 | -9.66 | 0.39 | 5.41 | 21.88 | 7.18 | 11.32 | -20.84 | 127.66 | -1.05 | -13.19 | 72.13 | -32.03 | -2.71 | 27.87 | 441.39 | 7.76 | 5.78 | 6.06 | -22.52 |
| 23Q1 (17) | 10.01 | -6.88 | -11.57 | 5.90 | -17.48 | 13.68 | 5.50 | 0.36 | -15.51 | 4.39 | 0.23 | -15.41 | 3.60 | -25.93 | -12.2 | 1.70 | -20.93 | -2.3 | 0.37 | -21.28 | 15.62 | 6.45 | 0.94 | -14.8 | 129.01 | 7.04 | 1.73 | 106.12 | -18.47 | 33.41 | -8.16 | 72.93 | -139.91 | 5.45 | 57.06 | -33.37 |
| 22Q4 (16) | 10.75 | 24.85 | -10.86 | 7.15 | 77.42 | 5.93 | 5.48 | -17.59 | -15.17 | 4.38 | -17.36 | -15.44 | 4.86 | 15.44 | 16.27 | 2.15 | 22.16 | 25.0 | 0.47 | 46.87 | 46.87 | 6.39 | -17.01 | -16.8 | 120.52 | -21.65 | -31.43 | 130.16 | 118.33 | 26.98 | -30.16 | -178.41 | -503.17 | 3.47 | -47.26 | -48.21 |
| 22Q3 (15) | 8.61 | -27.1 | 9.4 | 4.03 | -31.58 | 250.43 | 6.65 | -16.04 | 638.89 | 5.30 | -13.68 | 981.63 | 4.21 | -10.81 | 2115.79 | 1.76 | -14.98 | 935.29 | 0.32 | 0.0 | 77.78 | 7.70 | -15.1 | 126.47 | 153.82 | 4.6 | 14.64 | 59.62 | -19.59 | -40.38 | 38.46 | 48.72 | 215.38 | 6.58 | -11.8 | -29.63 |
| 22Q2 (14) | 11.81 | 4.33 | 26.31 | 5.89 | 13.49 | 34.47 | 7.92 | 21.66 | 125.0 | 6.14 | 18.3 | 119.29 | 4.72 | 15.12 | 193.17 | 2.07 | 18.97 | 146.43 | 0.32 | 0.0 | 18.52 | 9.07 | 19.82 | 77.15 | 147.06 | 15.96 | 29.75 | 74.14 | -6.8 | -41.47 | 25.86 | 26.44 | 196.98 | 7.46 | -8.8 | 12.69 |
| 22Q1 (13) | 11.32 | -6.14 | 69.97 | 5.19 | -23.11 | 183.61 | 6.51 | 0.77 | 451.69 | 5.19 | 0.19 | 458.06 | 4.10 | -1.91 | 550.79 | 1.74 | 1.16 | 370.27 | 0.32 | 0.0 | 10.34 | 7.57 | -1.43 | 169.4 | 126.82 | -27.85 | 7.92 | 79.55 | -22.39 | -50.28 | 20.45 | 509.09 | 134.09 | 8.18 | 22.09 | 30.46 |
| 21Q4 (12) | 12.06 | 53.24 | 7.39 | 6.75 | 486.96 | 16.38 | 6.46 | 617.78 | 88.34 | 5.18 | 957.14 | 90.44 | 4.18 | 2100.0 | 171.43 | 1.72 | 911.76 | 145.71 | 0.32 | 77.78 | 45.45 | 7.68 | 125.88 | 36.41 | 175.77 | 31.0 | 14.72 | 102.50 | 2.5 | -41.43 | -5.00 | 85.0 | 92.5 | 6.70 | -28.34 | -14.43 |
| 21Q3 (11) | 7.87 | -15.83 | -28.0 | 1.15 | -73.74 | -80.34 | 0.90 | -74.43 | -81.13 | 0.49 | -82.5 | -88.31 | 0.19 | -88.2 | -94.21 | 0.17 | -79.76 | -86.92 | 0.18 | -33.33 | -37.93 | 3.40 | -33.59 | -46.88 | 134.18 | 18.39 | -16.21 | 100.00 | -21.05 | -17.86 | -33.33 | -25.0 | -53.33 | 9.35 | 41.24 | 29.5 |
| 21Q2 (10) | 9.35 | 40.39 | 64.04 | 4.38 | 139.34 | 400.0 | 3.52 | 198.31 | 764.15 | 2.80 | 201.08 | 454.43 | 1.61 | 155.56 | 336.76 | 0.84 | 127.03 | 2900.0 | 0.27 | -6.9 | -12.9 | 5.12 | 82.21 | 106.45 | 113.34 | -3.55 | -32.76 | 126.67 | -20.83 | -52.5 | -26.67 | 55.56 | 84.0 | 6.62 | 5.58 | -28.74 |
| 21Q1 (9) | 6.66 | -40.69 | 0 | 1.83 | -68.45 | 0 | 1.18 | -65.6 | 0 | 0.93 | -65.81 | 0 | 0.63 | -59.09 | 0 | 0.37 | -47.14 | 0 | 0.29 | 31.82 | 0 | 2.81 | -50.09 | 0 | 117.51 | -23.31 | 0 | 160.00 | -8.57 | 0 | -60.00 | 10.0 | 0 | 6.27 | -19.92 | 0 |
| 20Q4 (8) | 11.23 | 2.74 | 0 | 5.80 | -0.85 | 0 | 3.43 | -28.09 | 0 | 2.72 | -35.08 | 0 | 1.54 | -53.05 | 0 | 0.70 | -46.15 | 0 | 0.22 | -24.14 | 0 | 5.63 | -12.03 | 0 | 153.22 | -4.32 | 0 | 175.00 | 43.75 | 0 | -66.67 | -206.67 | 0 | 7.83 | 8.45 | 0 |
| 20Q3 (7) | 10.93 | 91.75 | 0 | 5.85 | 500.68 | 0 | 4.77 | 1000.0 | 0 | 4.19 | 630.38 | 0 | 3.28 | 582.35 | 0 | 1.30 | 4433.33 | 0 | 0.29 | -6.45 | 0 | 6.40 | 158.06 | 0 | 160.13 | -5.0 | 0 | 121.74 | -54.35 | 0 | -21.74 | 86.96 | 0 | 7.22 | -22.28 | 0 |
| 20Q2 (6) | 5.70 | 0 | 0 | -1.46 | 0 | 0 | -0.53 | 0 | 0 | -0.79 | 0 | 0 | -0.68 | 0 | 0 | -0.03 | 0 | 0 | 0.31 | 0 | 0 | 2.48 | 0 | 0 | 168.55 | 0 | 0 | 266.67 | 0 | 0 | -166.67 | 0 | 0 | 9.29 | 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) | 9.16 | -13.58 | 4.49 | -21.78 | 0.68 | -1.19 | 4.42 | -32.0 | 3.41 | -33.79 | 9.39 | -49.73 | 5.25 | -34.46 | 1.43 | -4.03 | 5.47 | -27.26 | 71.82 | -40.41 | 101.34 | 14.61 | -1.34 | 0 | 0.04 | -2.26 | 5.28 | -12.44 |
| 2022 (9) | 10.60 | 13.49 | 5.74 | 43.5 | 0.69 | -40.71 | 6.50 | 86.25 | 5.15 | 87.27 | 18.68 | 165.34 | 8.01 | 168.79 | 1.49 | 55.21 | 7.52 | 47.16 | 120.52 | -31.43 | 88.43 | -22.63 | 11.57 | 0 | 0.04 | -54.23 | 6.03 | -13.86 |
| 2021 (8) | 9.34 | 3.78 | 4.00 | 32.01 | 1.17 | -27.73 | 3.49 | 46.64 | 2.75 | 45.5 | 7.04 | 70.46 | 2.98 | 52.82 | 0.96 | 18.52 | 5.11 | 10.37 | 175.77 | 14.72 | 114.29 | -10.8 | -14.29 | 0 | 0.09 | 49.86 | 7.00 | -14.32 |
| 2020 (7) | 9.00 | 6.38 | 3.03 | -16.53 | 1.62 | 53.01 | 2.38 | -29.79 | 1.89 | -26.74 | 4.13 | -54.31 | 1.95 | -44.6 | 0.81 | -32.5 | 4.63 | -5.32 | 153.22 | -16.75 | 128.12 | 19.7 | -28.12 | 0 | 0.06 | 0 | 8.17 | 37.54 |
| 2019 (6) | 8.46 | 6.28 | 3.63 | 18.63 | 1.06 | -8.91 | 3.39 | -7.38 | 2.58 | -10.73 | 9.04 | -20.77 | 3.52 | -16.59 | 1.20 | -4.0 | 4.89 | -7.91 | 184.05 | -7.59 | 107.04 | 29.13 | -7.04 | 0 | 0.00 | 0 | 5.94 | 0.0 |
| 2018 (5) | 7.96 | 13.71 | 3.06 | 215.46 | 1.16 | -49.83 | 3.66 | 144.0 | 2.89 | 106.43 | 11.41 | 0 | 4.22 | 0 | 1.25 | 0 | 5.31 | 20.14 | 199.17 | -4.76 | 82.89 | 30.26 | 17.11 | -52.96 | 0.00 | 0 | 5.94 | -15.98 |
| 2017 (4) | 7.00 | 0 | 0.97 | 0 | 2.31 | 0 | 1.50 | 0 | 1.40 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 4.42 | 0 | 209.12 | 0 | 63.64 | 0 | 36.36 | 0 | 0.00 | 0 | 7.07 | 0 |
