- 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) | -6.80 | -167.0 | -154.62 | -28.61 | -221.46 | -120.93 | -32.57 | -1440.33 | -71.42 | -17.89 | -614.08 | -44.04 | -2.77 | -526.15 | -72.05 | -1.84 | -475.51 | -53.33 | 0.11 | -8.33 | 10.0 | -12.61 | -166.75 | -1427.37 | 45.23 | 0.22 | 34.01 | 87.50 | 125.52 | 29.63 | 12.50 | -97.18 | -61.54 | 32.60 | 14.51 | -18.32 |
| 23Q3 (19) | 10.15 | 92.6 | -49.35 | -8.90 | 35.27 | -2382.05 | 2.43 | 117.65 | -79.11 | 3.48 | 126.67 | -67.99 | 0.65 | 132.5 | -62.21 | 0.49 | 137.12 | -60.8 | 0.12 | 9.09 | 9.09 | 18.89 | 265.38 | -35.77 | 45.13 | -21.58 | 55.73 | -342.86 | -442.86 | -9700.0 | 442.86 | 0 | 359.26 | 28.47 | 2.89 | -4.11 |
| 23Q2 (18) | 5.27 | 10440.0 | -80.62 | -13.75 | 29.81 | -216.33 | -13.77 | 22.99 | -194.83 | -13.05 | 19.39 | -185.13 | -2.00 | 10.31 | -159.0 | -1.32 | 18.52 | -158.15 | 0.11 | 10.0 | -26.67 | 5.17 | 277.37 | -80.96 | 57.55 | 63.87 | -2.51 | 100.00 | -9.3 | 21.62 | -0.00 | 100.0 | -100.0 | 27.67 | -11.91 | 12.16 |
| 23Q1 (17) | 0.05 | -99.6 | -99.82 | -19.59 | -51.27 | -246.3 | -17.88 | 5.89 | -183.75 | -16.19 | -30.35 | -197.3 | -2.23 | -38.51 | -156.17 | -1.62 | -35.0 | -158.27 | 0.10 | 0.0 | -41.18 | 1.37 | 44.21 | -95.77 | 35.12 | 4.06 | -20.15 | 110.26 | 63.34 | 76.41 | -10.26 | -131.56 | -127.35 | 31.41 | -21.3 | 47.33 |
| 22Q4 (16) | 12.45 | -37.87 | -55.76 | -12.95 | -3420.51 | -191.33 | -19.00 | -263.37 | -218.01 | -12.42 | -214.26 | -197.26 | -1.61 | -193.6 | -151.44 | -1.20 | -196.0 | -154.79 | 0.10 | -9.09 | -41.18 | 0.95 | -96.77 | -96.41 | 33.75 | 16.46 | -23.23 | 67.50 | 1790.0 | -24.06 | 32.50 | -66.3 | 192.5 | 39.91 | 34.42 | 95.64 |
| 22Q3 (15) | 20.04 | -26.32 | -39.24 | 0.39 | -96.7 | -97.82 | 11.63 | -19.9 | -38.4 | 10.87 | -29.09 | -31.38 | 1.72 | -49.26 | -58.75 | 1.25 | -44.93 | -58.47 | 0.11 | -26.67 | -42.11 | 29.41 | 8.28 | 3.52 | 28.98 | -50.91 | -35.17 | 3.57 | -95.66 | -96.26 | 96.43 | 442.41 | 2021.43 | 29.69 | 20.35 | 29.59 |
| 22Q2 (14) | 27.20 | -0.58 | -17.97 | 11.82 | -11.73 | -43.63 | 14.52 | -31.99 | -26.26 | 15.33 | -7.87 | -13.68 | 3.39 | -14.61 | -23.48 | 2.27 | -18.35 | -32.64 | 0.15 | -11.76 | -21.05 | 27.16 | -16.04 | -8.61 | 59.03 | 34.22 | 68.13 | 82.22 | 31.56 | -22.61 | 17.78 | -52.59 | 384.44 | 24.67 | 15.71 | 19.41 |
| 22Q1 (13) | 27.36 | -2.77 | 15.83 | 13.39 | -5.57 | 53.56 | 21.35 | 32.61 | 140.97 | 16.64 | 30.31 | 88.66 | 3.97 | 26.84 | 113.44 | 2.78 | 26.94 | 86.58 | 0.17 | 0.0 | 0.0 | 32.35 | 22.12 | 58.19 | 43.98 | 0.05 | 53.88 | 62.50 | -29.69 | -37.5 | 37.50 | 237.5 | 0 | 21.32 | 4.51 | -13.54 |
| 21Q4 (12) | 28.14 | -14.68 | 48.03 | 14.18 | -20.83 | 268.31 | 16.10 | -14.72 | 107.74 | 12.77 | -19.38 | 83.21 | 3.13 | -24.94 | 10.6 | 2.19 | -27.24 | -9.5 | 0.17 | -10.53 | -50.0 | 26.49 | -6.76 | 39.49 | 43.96 | -1.66 | 98.02 | 88.89 | -6.88 | 77.78 | 11.11 | 144.44 | -77.78 | 20.40 | -10.96 | -13.52 |
| 21Q3 (11) | 32.98 | -0.54 | 0 | 17.91 | -14.59 | 0 | 18.88 | -4.11 | 0 | 15.84 | -10.81 | 0 | 4.17 | -5.87 | 0 | 3.01 | -10.68 | 0 | 0.19 | 0.0 | 0 | 28.41 | -4.41 | 0 | 44.70 | 27.31 | 0 | 95.45 | -10.16 | 0 | 4.55 | 172.73 | 0 | 22.91 | 10.89 | 0 |
| 21Q2 (10) | 33.16 | 40.39 | 0 | 20.97 | 140.48 | 0 | 19.69 | 122.23 | 0 | 17.76 | 101.36 | 0 | 4.43 | 138.17 | 0 | 3.37 | 126.17 | 0 | 0.19 | 11.76 | 0 | 29.72 | 45.33 | 0 | 35.11 | 22.85 | 0 | 106.25 | 6.25 | 0 | -6.25 | 0 | 0 | 20.66 | -16.22 | 0 |
| 21Q1 (9) | 23.62 | 24.25 | 0 | 8.72 | 126.49 | 0 | 8.86 | 14.32 | 0 | 8.82 | 26.54 | 0 | 1.86 | -34.28 | 0 | 1.49 | -38.43 | 0 | 0.17 | -50.0 | 0 | 20.45 | 7.69 | 0 | 28.58 | 28.74 | 0 | 100.00 | 100.0 | 0 | 0.00 | -100.0 | 0 | 24.66 | 4.54 | 0 |
| 20Q4 (8) | 19.01 | 0 | 0 | 3.85 | 0 | 0 | 7.75 | 0 | 0 | 6.97 | 0 | 0 | 2.83 | 0 | 0 | 2.42 | 0 | 0 | 0.34 | 0 | 0 | 18.99 | 0 | 0 | 22.20 | 0 | 0 | 50.00 | 0 | 0 | 50.00 | 0 | 0 | 23.59 | 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) | 2.61 | -88.59 | -17.22 | 0 | 16.54 | 28.27 | -14.52 | 0 | -10.20 | 0 | -6.36 | 0 | -4.34 | 0 | 0.45 | -15.09 | 4.03 | -83.38 | 45.23 | 34.01 | 118.25 | 123.83 | -18.25 | 0 | 1.90 | -7.05 | 29.93 | 8.32 |
| 2022 (9) | 22.88 | -23.25 | 5.10 | -67.72 | 12.90 | 38.08 | 9.60 | -41.03 | 9.47 | -32.65 | 6.94 | -48.97 | 5.14 | -49.85 | 0.53 | -26.39 | 24.25 | -9.14 | 33.75 | -23.23 | 52.83 | -45.59 | 47.17 | 1527.36 | 2.04 | -18.09 | 27.63 | 25.36 |
| 2021 (8) | 29.81 | 54.14 | 15.80 | 335.26 | 9.34 | -11.86 | 16.28 | 201.48 | 14.06 | 205.65 | 13.60 | 307.19 | 10.25 | 257.14 | 0.72 | 16.13 | 26.69 | 54.72 | 43.96 | 98.02 | 97.10 | 45.65 | 2.90 | -91.3 | 2.49 | -29.9 | 22.04 | -12.78 |
| 2020 (7) | 19.34 | 145.12 | 3.63 | 0 | 10.60 | -32.64 | 5.40 | 0 | 4.60 | 0 | 3.34 | 0 | 2.87 | 0 | 0.62 | 82.35 | 17.25 | 471.19 | 22.20 | 59.83 | 66.67 | -41.13 | 33.33 | 0 | 3.56 | 0 | 25.27 | -38.23 |
| 2019 (6) | 7.89 | -70.3 | -16.67 | 0 | 15.73 | 169.84 | -14.72 | 0 | -14.47 | 0 | -5.77 | 0 | -4.86 | 0 | 0.34 | -40.35 | 3.02 | -86.64 | 13.89 | -38.78 | 113.24 | 77.94 | -13.24 | 0 | 0.00 | 0 | 40.91 | 31.46 |
| 2018 (5) | 26.57 | 0 | 9.93 | 0 | 5.83 | 0 | 15.54 | 0 | 13.34 | 0 | 10.28 | 0 | 7.63 | 0 | 0.57 | 0 | 22.61 | 0 | 22.69 | -71.67 | 63.64 | 0 | 36.36 | 0 | 0.00 | 0 | 31.12 | 0 |
| 2017 (4) | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 80.08 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 |
