- 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 | |||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 23Q3 (20) | 15.74 | 0.9 | 58.51 | 2.88 | -21.74 | 469.23 | 2.05 | -52.76 | 181.67 | 2.04 | -52.67 | 181.27 | 1.20 | -55.72 | 162.83 | 0.95 | -37.5 | 302.13 | 0.26 | -3.7 | -18.75 | 4.13 | -32.85 | 373.51 | 114.14 | -12.51 | -18.76 | 145.00 | 67.89 | 383.33 | -40.00 | -351.43 | -157.14 | 0.00 | 0 | 0 |
| 23Q2 (19) | 15.60 | 30.11 | 64.73 | 3.68 | 250.48 | 443.93 | 4.34 | -23.99 | 1043.48 | 4.31 | -24.52 | 997.92 | 2.71 | -13.14 | 946.88 | 1.52 | -6.75 | 390.32 | 0.27 | 22.73 | -10.0 | 6.15 | -22.05 | 167.39 | 130.46 | -4.88 | -4.6 | 86.36 | 370.2 | -60.74 | 15.91 | -80.51 | 113.26 | 0.00 | 0 | 0 |
| 23Q1 (18) | 11.99 | -3.23 | 37.34 | 1.05 | -42.62 | 161.4 | 5.71 | 224.43 | 200.53 | 5.71 | 339.23 | 200.53 | 3.12 | 262.79 | 205.88 | 1.63 | 101.23 | 154.69 | 0.22 | -18.52 | -12.0 | 7.89 | 90.58 | 189.01 | 137.15 | -8.34 | 17.47 | 18.37 | -82.6 | 119.68 | 81.63 | 1569.39 | -57.78 | 0.00 | 0 | 0 |
| 22Q4 (17) | 12.39 | 24.77 | 177.8 | 1.83 | 334.62 | 119.81 | 1.76 | 170.12 | 120.95 | 1.30 | 151.79 | 115.42 | 0.86 | 145.03 | 123.18 | 0.81 | 272.34 | 169.83 | 0.27 | -15.62 | 22.73 | 4.14 | 374.17 | 200.24 | 149.63 | 6.5 | 28.76 | 105.56 | 251.85 | -3.24 | -5.56 | -107.94 | 49.07 | 0.00 | 0 | 0 |
| 22Q3 (16) | 9.93 | 4.86 | 238.49 | -0.78 | 27.1 | 97.59 | -2.51 | -445.65 | 90.44 | -2.51 | -422.92 | 90.44 | -1.91 | -496.87 | 55.06 | -0.47 | -251.61 | 80.66 | 0.32 | 6.67 | 300.0 | -1.51 | -165.65 | 95.08 | 140.50 | 2.74 | 52.65 | 30.00 | -86.36 | -75.56 | 70.00 | 158.33 | 408.0 | 0.00 | 0 | 0 |
| 22Q2 (15) | 9.47 | 8.48 | -3.47 | -1.07 | 37.43 | 40.22 | -0.46 | -124.21 | 61.34 | -0.48 | -125.26 | 59.66 | -0.32 | -131.37 | 48.39 | 0.31 | -51.56 | 321.43 | 0.30 | 20.0 | 15.38 | 2.30 | -15.75 | 1058.33 | 136.75 | 17.13 | 31.25 | 220.00 | 335.71 | 46.67 | -120.00 | -162.07 | -140.0 | 0.00 | 0 | 0 |
| 22Q1 (14) | 8.73 | 95.74 | 5.43 | -1.71 | 81.49 | 62.5 | 1.90 | 122.62 | 167.38 | 1.90 | 122.54 | 168.35 | 1.02 | 127.49 | 171.33 | 0.64 | 155.17 | 204.92 | 0.25 | 13.64 | -7.41 | 2.73 | 166.1 | 235.15 | 116.75 | 0.46 | 30.83 | -93.33 | -185.56 | -158.95 | 193.33 | 1872.22 | 409.33 | 0.00 | 0 | 0 |
| 21Q4 (13) | 4.46 | 162.2 | -67.16 | -9.24 | 71.47 | -488.54 | -8.40 | 68.0 | -90.48 | -8.43 | 67.89 | -97.42 | -3.71 | 12.71 | -94.24 | -1.16 | 52.26 | -61.11 | 0.22 | 175.0 | -12.0 | -4.13 | 86.54 | -48.03 | 116.21 | 26.26 | 34.32 | 109.09 | -11.11 | 200.0 | -10.91 | 52.0 | -117.14 | 0.00 | 0 | 0 |
| 21Q3 (12) | -7.17 | -173.09 | -202.14 | -32.39 | -1709.5 | -425.81 | -26.25 | -2105.88 | -332.45 | -26.25 | -2105.88 | -332.45 | -4.25 | -585.48 | -50.18 | -2.43 | -1635.71 | -50.93 | 0.08 | -69.23 | -70.37 | -30.68 | -12683.33 | -458.83 | 92.04 | -11.66 | 25.53 | 122.73 | -18.18 | 20.32 | -22.73 | 54.55 | -1036.36 | 0.00 | 0 | 0 |
| 21Q2 (11) | 9.81 | 18.48 | -22.82 | -1.79 | 60.75 | 85.7 | -1.19 | 57.8 | 88.18 | -1.19 | 57.19 | 88.23 | -0.62 | 56.64 | 66.12 | -0.14 | 77.05 | 89.71 | 0.26 | -3.7 | 136.36 | -0.24 | 88.12 | 98.06 | 104.19 | 16.75 | 54.1 | 150.00 | -5.26 | 20.73 | -50.00 | 20.0 | -106.25 | 0.00 | 0 | 0 |
| 21Q1 (10) | 8.28 | -39.03 | 0 | -4.56 | -190.45 | 0 | -2.82 | 36.05 | 0 | -2.78 | 34.89 | 0 | -1.43 | 25.13 | 0 | -0.61 | 15.28 | 0 | 0.27 | 8.0 | 0 | -2.02 | 27.6 | 0 | 89.24 | 3.14 | 0 | 158.33 | 335.42 | 0 | -62.50 | -198.21 | 0 | 0.00 | 0 | 0 |
| 20Q4 (9) | 13.58 | 93.45 | 100.59 | -1.57 | 74.51 | 89.89 | -4.41 | 27.35 | 86.26 | -4.27 | 29.65 | 86.65 | -1.91 | 32.51 | 79.57 | -0.72 | 55.28 | 86.84 | 0.25 | -7.41 | 38.89 | -2.79 | 49.18 | 90.81 | 86.52 | 18.0 | 25.1 | 36.36 | -64.35 | -24.95 | 63.64 | 3281.82 | 23.45 | 0.00 | 0 | 0 |
| 20Q3 (8) | 7.02 | -44.77 | 11.25 | -6.16 | 50.8 | 7.23 | -6.07 | 39.72 | 14.75 | -6.07 | 39.96 | 16.28 | -2.83 | -54.64 | 13.98 | -1.61 | -18.38 | 17.01 | 0.27 | 145.45 | -6.9 | -5.49 | 55.69 | 15.15 | 73.32 | 8.45 | 18.43 | 102.00 | -17.9 | 9.5 | -2.00 | 91.75 | -129.2 | 0.00 | 0 | 0 |
| 20Q2 (7) | 12.71 | 0 | 115.06 | -12.52 | 0 | -155.51 | -10.07 | 0 | 44.55 | -10.11 | 0 | 44.33 | -1.83 | 0 | 70.44 | -1.36 | 0 | 66.17 | 0.11 | 0 | -52.17 | -12.39 | 0 | 26.21 | 67.61 | 0 | 24.21 | 124.24 | 0 | 365.11 | -24.24 | 0 | -133.08 | 0.00 | 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 | |||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2022 (10) | 10.20 | 61.9 | -0.37 | 0 | 0.22 | 13.62 | -0.03 | 0 | -0.15 | 0 | -0.41 | 0 | 1.28 | 0 | 1.16 | 39.76 | 1.76 | 0 | 149.63 | 28.76 | 1500.00 | 1084.62 | -1400.00 | 0 | 0.00 | 0 | 0.00 | 0 |
| 2021 (9) | 6.30 | -34.65 | -7.56 | 0 | 0.19 | -6.91 | -5.99 | 0 | -5.99 | 0 | -9.97 | 0 | -4.29 | 0 | 0.83 | 9.21 | -4.77 | 0 | 116.21 | 34.32 | 126.62 | 65.4 | -25.97 | 0 | 0.00 | 0 | 0.00 | 0 |
| 2020 (8) | 9.64 | 78.52 | -6.66 | 0 | 0.21 | -10.76 | -8.71 | 0 | -8.66 | 0 | -11.60 | 0 | -5.79 | 0 | 0.76 | -13.64 | -7.26 | 0 | 86.52 | 25.1 | 76.56 | 18.41 | 23.44 | -33.68 | 0.00 | 0 | 0.00 | 0 |
| 2019 (7) | 5.40 | 0 | -11.41 | 0 | 0.23 | -95.92 | -17.66 | 0 | -17.68 | 0 | -23.71 | 0 | -14.93 | 0 | 0.88 | 31.34 | -16.59 | 0 | 69.16 | 71.61 | 64.65 | -40.25 | 35.35 | 0 | 0.00 | 0 | 0.00 | 0 |
| 2018 (6) | -2.55 | 0 | -47.88 | 0 | 5.72 | 49.61 | -44.25 | 0 | -45.71 | 0 | -40.96 | 0 | -30.29 | 0 | 0.67 | 26.42 | -37.38 | 0 | 40.30 | 41.25 | 108.19 | -20.82 | -8.19 | 0 | 0.00 | 0 | 0.00 | 0 |
| 2017 (5) | 6.47 | -45.22 | -14.26 | 0 | 3.82 | 30.51 | -10.43 | 0 | -9.95 | 0 | -6.88 | 0 | -4.91 | 0 | 0.53 | -28.38 | -5.43 | 0 | 28.53 | -11.59 | 136.64 | -73.27 | -36.64 | 0 | 0.00 | 0 | 0.00 | 0 |
| 2016 (4) | 11.81 | 63.35 | -3.21 | 0 | 2.93 | -18.81 | -0.63 | 0 | -0.56 | 0 | -0.55 | 0 | 0.37 | 0 | 0.74 | 12.12 | 3.84 | 0 | 32.27 | 7.14 | 511.11 | 244.77 | -411.11 | 0 | 0.00 | 0 | 0.00 | 0 |
| 2015 (3) | 7.23 | 7.91 | -9.17 | 0 | 3.61 | 12.89 | -6.18 | 0 | -6.39 | 0 | -5.74 | 0 | -3.43 | 0 | 0.66 | -23.26 | -0.87 | 0 | 30.12 | -28.27 | 148.25 | -5.63 | -48.25 | 0 | 0.00 | 0 | 0.00 | 0 |
| 2014 (2) | 6.70 | -13.66 | -9.04 | 0 | 3.20 | -14.34 | -5.76 | 0 | -5.85 | 0 | -6.89 | 0 | -4.71 | 0 | 0.86 | 3.61 | -1.79 | 0 | 41.99 | 37.0 | 157.10 | -14.63 | -57.10 | 0 | 0.00 | 0 | 0.00 | 0 |
| 2013 (1) | 7.76 | 0 | -9.36 | 0 | 3.73 | 0 | -5.08 | 0 | -5.52 | 0 | -5.81 | 0 | -4.38 | 0 | 0.83 | -13.54 | -0.72 | 0 | 30.65 | 41.37 | 184.03 | 0 | -84.03 | 0 | 0.00 | 0 | 0.00 | 0 |
