- 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) | 3.68 | 2966.67 | 67.27 | 1.84 | 196.34 | 271.96 | 0.01 | 100.6 | 100.26 | -0.19 | 86.23 | 93.58 | -0.57 | 85.5 | 88.39 | 0.55 | 185.94 | 145.08 | 0.89 | -3.26 | 48.33 | 1.20 | 279.1 | 147.62 | 282.09 | 45.84 | 85.55 | 11700.00 | 10013.56 | 42376.09 | -11600.00 | -78780.0 | -16109.92 | 1.10 | -1.79 | 2850.0 |
| 23Q3 (19) | 0.12 | -97.16 | -94.69 | -1.91 | 51.77 | -138.75 | -1.66 | 56.77 | -821.74 | -1.38 | 68.13 | 0 | -3.93 | 66.52 | 0 | -0.64 | 80.55 | -239.13 | 0.92 | 4.55 | 64.29 | -0.67 | 77.52 | -148.2 | 193.42 | -14.67 | -1.8 | 115.69 | 11.98 | 132.63 | -14.71 | -344.85 | -103.24 | 1.12 | 13.13 | -36.0 |
| 23Q2 (18) | 4.23 | 108.37 | 57.25 | -3.96 | -131.58 | -1377.42 | -3.84 | -28.86 | -798.18 | -4.33 | -75.3 | -1182.5 | -11.74 | -228.85 | -1362.37 | -3.29 | -265.56 | -639.34 | 0.88 | 62.96 | 35.38 | -2.98 | -66.48 | -322.39 | 226.68 | 19.57 | -10.53 | 103.31 | 79.95 | 79.43 | -3.31 | -107.76 | -107.79 | 0.99 | -45.0 | -32.65 |
| 23Q1 (17) | 2.03 | -7.73 | -38.3 | -1.71 | -59.81 | -235.71 | -2.98 | 22.19 | -288.61 | -2.47 | 16.55 | -290.0 | -3.57 | 27.29 | -185.41 | -0.90 | 26.23 | -163.38 | 0.54 | -10.0 | -41.94 | -1.79 | 28.97 | -191.79 | 189.58 | 24.7 | -25.74 | 57.41 | 108.41 | -28.1 | 42.59 | -41.22 | 111.32 | 1.80 | 4600.0 | 31.39 |
| 22Q4 (16) | 2.20 | -2.65 | -29.71 | -1.07 | -33.75 | -314.0 | -3.83 | -1765.22 | -809.26 | -2.96 | 0 | -804.76 | -4.91 | 0 | -471.97 | -1.22 | -365.22 | -314.04 | 0.60 | 7.14 | -38.14 | -2.52 | -281.29 | -400.0 | 152.03 | -22.82 | -35.06 | 27.54 | 107.77 | -70.34 | 72.46 | -84.06 | 914.37 | -0.04 | -102.29 | -102.13 |
| 22Q3 (15) | 2.26 | -15.99 | -33.14 | -0.80 | -358.06 | -178.43 | 0.23 | -58.18 | -71.25 | 0.00 | -100.0 | -100.0 | 0.00 | -100.0 | -100.0 | 0.46 | -24.59 | -32.35 | 0.56 | -13.85 | -31.71 | 1.39 | 3.73 | 15.83 | 196.97 | -22.25 | -8.85 | -354.55 | -715.79 | -372.73 | 454.55 | 971.43 | 1723.38 | 1.75 | 19.05 | 15.13 |
| 22Q2 (14) | 2.69 | -18.24 | -16.2 | 0.31 | -75.4 | -77.21 | 0.55 | -65.19 | -32.93 | 0.40 | -69.23 | -36.51 | 0.93 | -77.75 | -56.54 | 0.61 | -57.04 | -32.97 | 0.65 | -30.11 | -42.48 | 1.34 | -31.28 | 17.54 | 253.35 | -0.76 | 17.64 | 57.58 | -27.89 | -65.35 | 42.42 | 110.49 | 164.11 | 1.47 | 7.3 | 23.53 |
| 22Q1 (13) | 3.29 | 5.11 | -4.91 | 1.26 | 152.0 | 36.96 | 1.58 | 192.59 | 97.5 | 1.30 | 209.52 | 109.68 | 4.18 | 216.67 | 137.5 | 1.42 | 149.12 | 75.31 | 0.93 | -4.12 | -9.71 | 1.95 | 132.14 | 75.68 | 255.29 | 9.04 | 32.41 | 79.84 | -14.01 | -30.29 | 20.16 | 182.17 | 238.57 | 1.37 | -27.13 | 0.0 |
| 21Q4 (12) | 3.13 | -7.4 | 12.59 | 0.50 | -50.98 | -28.57 | 0.54 | -32.5 | 245.95 | 0.42 | -30.0 | 195.45 | 1.32 | -14.84 | 217.86 | 0.57 | -16.18 | 328.0 | 0.97 | 18.29 | 1.04 | 0.84 | -30.0 | 2900.0 | 234.12 | 8.34 | 43.26 | 92.86 | -28.57 | 148.54 | 7.14 | 125.51 | -97.55 | 1.88 | 23.68 | 106.59 |
| 21Q3 (11) | 3.38 | 5.3 | 24.26 | 1.02 | -25.0 | 3.03 | 0.80 | -2.44 | 37.93 | 0.60 | -4.76 | 20.0 | 1.55 | -27.57 | -3.73 | 0.68 | -25.27 | -9.33 | 0.82 | -27.43 | -29.91 | 1.20 | 5.26 | 36.36 | 216.09 | 0.34 | 23.13 | 130.00 | -21.77 | -23.03 | -28.00 | 57.69 | 59.35 | 1.52 | 27.73 | 53.54 |
| 21Q2 (10) | 3.21 | -7.23 | -5.59 | 1.36 | 47.83 | 3.82 | 0.82 | 2.5 | 64.0 | 0.63 | 1.61 | 23.53 | 2.14 | 21.59 | 81.36 | 0.91 | 12.35 | 42.19 | 1.13 | 9.71 | 44.87 | 1.14 | 2.7 | 7.55 | 215.36 | 11.7 | 22.31 | 166.18 | 45.07 | -37.68 | -66.18 | -354.96 | 59.39 | 1.19 | -13.14 | 0 |
| 21Q1 (9) | 3.46 | 24.46 | -5.21 | 0.92 | 31.43 | -14.02 | 0.80 | 316.22 | -25.23 | 0.62 | 240.91 | -18.42 | 1.76 | 257.14 | -25.74 | 0.81 | 424.0 | -30.17 | 1.03 | 7.29 | -6.36 | 1.11 | 3800.0 | -29.75 | 192.80 | 17.98 | -8.63 | 114.55 | 159.88 | 13.11 | -14.55 | -104.99 | 0 | 1.37 | 50.55 | 0 |
| 20Q4 (8) | 2.78 | 2.21 | -13.4 | 0.70 | -29.29 | 736.36 | -0.37 | -163.79 | -180.43 | -0.44 | -188.0 | -229.41 | -1.12 | -169.57 | -253.42 | -0.25 | -133.33 | -162.5 | 0.96 | -17.95 | 17.07 | -0.03 | -103.41 | -103.33 | 163.42 | -6.88 | 3.77 | -191.30 | -213.27 | -633.33 | 291.30 | 522.86 | 131.03 | 0.91 | -8.08 | -44.51 |
| 20Q3 (7) | 2.72 | -20.0 | -28.98 | 0.99 | -24.43 | -20.16 | 0.58 | 16.0 | 7.41 | 0.50 | -1.96 | 16.28 | 1.61 | 36.44 | 43.75 | 0.75 | 17.19 | -27.88 | 1.17 | 50.0 | 13.59 | 0.88 | -16.98 | -40.14 | 175.50 | -0.32 | 10.88 | 168.89 | -36.67 | -26.67 | -68.89 | 57.73 | 47.13 | 0.99 | 0 | -36.13 |
| 20Q2 (6) | 3.40 | -6.85 | 8.28 | 1.31 | 22.43 | 33.67 | 0.50 | -53.27 | -21.88 | 0.51 | -32.89 | 0.0 | 1.18 | -50.21 | -16.9 | 0.64 | -44.83 | -42.34 | 0.78 | -29.09 | -36.07 | 1.06 | -32.91 | -19.7 | 176.07 | -16.55 | 20.29 | 266.67 | 163.33 | 70.83 | -162.96 | 0 | -190.5 | 0.00 | 0 | -100.0 |
| 20Q1 (5) | 3.65 | 13.71 | 34.19 | 1.07 | 1072.73 | 143.18 | 1.07 | 132.61 | 1683.33 | 0.76 | 123.53 | 1420.0 | 2.37 | 224.66 | 2054.55 | 1.16 | 190.0 | 146.81 | 1.10 | 34.15 | 14.58 | 1.58 | 75.56 | 92.68 | 211.00 | 33.99 | 87.79 | 101.27 | 488.19 | -86.79 | -0.00 | -100.0 | 100.0 | 0.00 | -100.0 | -100.0 |
| 19Q4 (4) | 3.21 | -16.19 | 0.0 | -0.11 | -108.87 | 0.0 | 0.46 | -14.81 | 0.0 | 0.34 | -20.93 | 0.0 | 0.73 | -34.82 | 0.0 | 0.40 | -61.54 | 0.0 | 0.82 | -20.39 | 0.0 | 0.90 | -38.78 | 0.0 | 157.48 | -0.51 | 0.0 | -26.09 | -111.33 | 0.0 | 126.09 | 196.76 | 0.0 | 1.64 | 5.81 | 0.0 |
| 19Q3 (3) | 3.83 | 21.97 | 0.0 | 1.24 | 26.53 | 0.0 | 0.54 | -15.62 | 0.0 | 0.43 | -15.69 | 0.0 | 1.12 | -21.13 | 0.0 | 1.04 | -6.31 | 0.0 | 1.03 | -15.57 | 0.0 | 1.47 | 11.36 | 0.0 | 158.28 | 8.14 | 0.0 | 230.30 | 47.54 | 0.0 | -130.30 | -132.28 | 0.0 | 1.55 | 23.02 | 0.0 |
| 19Q2 (2) | 3.14 | 15.44 | 0.0 | 0.98 | 122.73 | 0.0 | 0.64 | 966.67 | 0.0 | 0.51 | 920.0 | 0.0 | 1.42 | 1190.91 | 0.0 | 1.11 | 136.17 | 0.0 | 1.22 | 27.08 | 0.0 | 1.32 | 60.98 | 0.0 | 146.37 | 30.27 | 0.0 | 156.10 | -79.64 | 0.0 | -56.10 | 91.59 | 0.0 | 1.26 | -8.03 | 0.0 |
| 19Q1 (1) | 2.72 | 0.0 | 0.0 | 0.44 | 0.0 | 0.0 | 0.06 | 0.0 | 0.0 | 0.05 | 0.0 | 0.0 | 0.11 | 0.0 | 0.0 | 0.47 | 0.0 | 0.0 | 0.96 | 0.0 | 0.0 | 0.82 | 0.0 | 0.0 | 112.36 | 0.0 | 0.0 | 766.67 | 0.0 | 0.0 | -666.67 | 0.0 | 0.0 | 1.37 | 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) | 2.59 | -4.78 | -1.40 | 0 | 0.11 | 24.22 | -2.01 | 0 | -2.05 | 0 | -19.72 | 0 | -4.14 | 0 | 3.10 | -2.52 | -0.97 | 0 | 282.09 | 85.55 | 69.25 | -90.38 | 30.75 | 0 | 0.34 | -32.07 | 1.19 | -1.65 |
| 2022 (9) | 2.72 | -17.07 | 0.15 | -84.38 | 0.09 | 24.71 | 0.02 | -97.3 | 0.01 | -98.21 | 0.05 | -99.26 | 1.80 | -40.2 | 3.18 | -20.5 | 0.85 | -19.81 | 152.03 | -35.06 | 720.00 | 454.84 | -620.00 | 0 | 0.50 | 32.29 | 1.21 | -18.79 |
| 2021 (8) | 3.28 | 4.79 | 0.96 | -4.95 | 0.07 | -12.23 | 0.74 | 54.17 | 0.56 | 55.56 | 6.74 | 66.83 | 3.01 | 19.44 | 4.00 | -7.62 | 1.06 | 19.1 | 234.12 | 43.26 | 129.77 | -38.23 | -29.77 | 0 | 0.37 | -30.44 | 1.49 | 23.14 |
| 2020 (7) | 3.13 | -3.69 | 1.01 | 46.38 | 0.08 | -33.37 | 0.48 | 9.09 | 0.36 | 2.86 | 4.04 | 18.82 | 2.52 | -12.5 | 4.33 | 12.76 | 0.89 | -22.61 | 163.42 | 3.77 | 210.08 | 35.15 | -110.85 | 0 | 0.54 | -64.0 | 1.21 | -15.97 |
| 2019 (6) | 3.25 | 35.98 | 0.69 | 0 | 0.12 | 222.93 | 0.44 | 0 | 0.35 | 0 | 3.40 | 0 | 2.88 | 0 | 3.84 | -10.7 | 1.15 | 945.45 | 157.48 | 4.11 | 155.45 | 1100.39 | -55.45 | 0 | 1.49 | 19.93 | 1.44 | 17.07 |
| 2018 (5) | 2.39 | -21.64 | -0.07 | 0 | 0.04 | -22.18 | -0.53 | 0 | -0.53 | 0 | -5.94 | 0 | -0.53 | 0 | 4.30 | 1.42 | 0.11 | -88.78 | 151.26 | -10.27 | 12.95 | -94.06 | 87.05 | 0 | 1.25 | 0 | 1.23 | 11.82 |
| 2017 (4) | 3.05 | 10.91 | 0.95 | 265.38 | 0.05 | 5.58 | 0.44 | 4300.0 | 0.18 | 0 | 2.24 | 0 | 2.17 | 239.06 | 4.24 | 5.47 | 0.98 | 157.89 | 168.57 | -28.18 | 217.91 | -88.97 | -117.91 | 0 | 0.00 | 0 | 1.10 | -0.9 |
| 2016 (3) | 2.75 | 24.43 | 0.26 | -16.13 | 0.05 | 0.05 | 0.01 | -98.44 | -0.04 | 0 | -0.50 | 0 | 0.64 | -83.59 | 4.02 | -43.62 | 0.38 | -54.76 | 234.70 | 25.23 | 1975.00 | 4038.1 | -1900.00 | 0 | 0.00 | 0 | 1.11 | 26.14 |
| 2015 (2) | 2.21 | -39.12 | 0.31 | 0 | 0.05 | -58.83 | 0.64 | 392.31 | 0.47 | 2250.0 | 8.32 | 6833.33 | 3.90 | 680.0 | 7.13 | 106.07 | 0.84 | 50.0 | 187.41 | 84.19 | 47.73 | 0 | 52.27 | -85.18 | 0.00 | 0 | 0.88 | -59.63 |
| 2014 (1) | 3.63 | 0 | -0.34 | 0 | 0.11 | -4.77 | 0.13 | 0 | 0.02 | 0 | 0.12 | 0 | 0.50 | 0 | 3.46 | 20.14 | 0.56 | 0 | 101.75 | 42.91 | -252.63 | 0 | 352.63 | 0 | 0.00 | 0 | 2.18 | -13.83 |
