- 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) | 14.73 | 13.92 | 4108.57 | 3.90 | 59.84 | 134.54 | 5.22 | 39.2 | 162.51 | 5.12 | 94.68 | 156.89 | 1.20 | 87.5 | 161.86 | 0.81 | 65.31 | 188.04 | 0.13 | -7.14 | 8.33 | 16.35 | 13.38 | 383.73 | 78.42 | -1.17 | -2.07 | 74.68 | 14.61 | -44.77 | 25.32 | -27.33 | 171.87 | 13.30 | -2.85 | -14.3 |
| 23Q3 (19) | 12.93 | 17.12 | 310.48 | 2.44 | 130.19 | 124.3 | 3.75 | 435.71 | 143.45 | 2.63 | 1743.75 | 114.74 | 0.64 | 2233.33 | 123.27 | 0.49 | 276.92 | 136.84 | 0.14 | 7.69 | 55.56 | 14.42 | 15.27 | 99.17 | 79.35 | -3.64 | -13.28 | 65.16 | -56.92 | -43.9 | 34.84 | 167.98 | 313.93 | 13.69 | -8.55 | -25.6 |
| 23Q2 (18) | 11.04 | 1654.93 | -25.76 | 1.06 | 108.85 | -74.21 | 0.70 | 107.72 | -91.4 | -0.16 | 98.26 | -103.01 | -0.03 | 98.29 | -102.7 | 0.13 | 115.48 | -82.19 | 0.13 | 18.18 | 8.33 | 12.51 | 129.96 | -36.79 | 82.35 | 2.69 | -4.4 | 151.25 | 14.44 | 199.12 | -51.25 | -59.89 | -203.67 | 14.97 | -14.6 | -3.17 |
| 23Q1 (17) | -0.71 | -302.86 | -103.43 | -11.98 | -6.11 | -242.11 | -9.07 | -8.62 | -174.71 | -9.20 | -2.22 | -188.29 | -1.75 | 9.79 | -188.38 | -0.84 | 8.7 | -167.74 | 0.11 | -8.33 | 0.0 | 5.44 | 60.95 | -77.45 | 80.19 | 0.14 | 18.5 | 132.17 | -2.26 | 90.28 | -32.05 | 9.0 | -204.71 | 17.53 | 12.95 | 10.32 |
| 22Q4 (16) | 0.35 | -88.89 | -98.79 | -11.29 | -12.45 | -177.65 | -8.35 | 3.24 | -130.32 | -9.00 | 49.55 | -135.99 | -1.94 | 29.45 | -132.01 | -0.92 | 30.83 | -126.44 | 0.12 | 33.33 | -14.29 | 3.38 | -53.31 | -91.04 | 80.08 | -12.48 | 11.01 | 135.23 | 16.42 | 156.14 | -35.23 | -116.31 | -174.62 | 15.52 | -15.65 | -0.77 |
| 22Q3 (15) | 3.15 | -78.82 | -91.7 | -10.04 | -344.28 | -132.72 | -8.63 | -206.02 | -126.47 | -17.84 | -435.34 | -162.99 | -2.75 | -347.75 | -140.2 | -1.33 | -282.19 | -135.09 | 0.09 | -25.0 | -35.71 | 7.24 | -63.42 | -83.06 | 91.50 | 6.22 | 6.91 | 116.16 | 129.72 | 23.43 | -16.28 | -132.94 | -376.53 | 18.40 | 19.02 | 27.25 |
| 22Q2 (14) | 14.87 | -28.2 | -54.9 | 4.11 | -51.25 | -81.34 | 8.14 | -32.95 | -65.35 | 5.32 | -48.94 | -74.76 | 1.11 | -43.94 | -82.63 | 0.73 | -41.13 | -79.38 | 0.12 | 9.09 | -25.0 | 19.79 | -17.95 | -39.37 | 86.14 | 27.29 | 1.82 | 50.57 | -27.2 | -46.08 | 49.43 | 61.48 | 694.09 | 15.46 | -2.71 | 31.69 |
| 22Q1 (13) | 20.71 | -28.14 | -27.51 | 8.43 | -42.02 | -52.61 | 12.14 | -55.92 | -31.02 | 10.42 | -58.34 | -35.8 | 1.98 | -67.33 | -49.23 | 1.24 | -64.37 | -42.33 | 0.11 | -21.43 | -15.38 | 24.12 | -36.09 | -17.65 | 67.67 | -6.2 | -24.97 | 69.46 | 31.57 | -31.28 | 30.61 | -35.15 | 2949.86 | 15.89 | 1.6 | 5.58 |
| 21Q4 (12) | 28.82 | -24.04 | 16.4 | 14.54 | -52.61 | 3.93 | 27.54 | -15.52 | 45.87 | 25.01 | -11.69 | 45.24 | 6.06 | -11.4 | 17.21 | 3.48 | -8.18 | 25.63 | 0.14 | 0.0 | -6.67 | 37.74 | -11.72 | 29.56 | 72.14 | -15.71 | -21.72 | 52.79 | -43.9 | -28.72 | 47.21 | 701.59 | 82.04 | 15.64 | 8.16 | 23.93 |
| 21Q3 (11) | 37.94 | 15.07 | 87.27 | 30.68 | 39.26 | 174.91 | 32.60 | 38.78 | 136.23 | 28.32 | 34.35 | 132.51 | 6.84 | 7.04 | 97.12 | 3.79 | 7.06 | 101.6 | 0.14 | -12.5 | 0.0 | 42.75 | 30.97 | 68.84 | 85.59 | 1.17 | -14.26 | 94.11 | 0.36 | 16.32 | 5.89 | -5.4 | -69.16 | 14.46 | 23.17 | 15.22 |
| 21Q2 (10) | 32.97 | 15.4 | 242.37 | 22.03 | 23.83 | 3159.72 | 23.49 | 33.47 | 1251.47 | 21.08 | 29.88 | 610.41 | 6.39 | 63.85 | 1083.08 | 3.54 | 64.65 | 2312.5 | 0.16 | 23.08 | 45.45 | 32.64 | 11.44 | 156.2 | 84.60 | -6.2 | -17.78 | 93.77 | -7.22 | 164.78 | 6.23 | 679.52 | -90.36 | 11.74 | -21.99 | 0 |
| 21Q1 (9) | 28.57 | 15.39 | 404.77 | 17.79 | 27.16 | 299.66 | 17.60 | -6.78 | 243.32 | 16.23 | -5.75 | 224.75 | 3.90 | -24.56 | 282.24 | 2.15 | -22.38 | 341.57 | 0.13 | -13.33 | 62.5 | 29.29 | 0.55 | 235.89 | 90.19 | -2.14 | -9.31 | 101.07 | 36.46 | 39.28 | -1.07 | -104.14 | -103.92 | 15.05 | 19.26 | -30.87 |
| 20Q4 (8) | 24.76 | 22.21 | 130.33 | 13.99 | 25.36 | 2590.38 | 18.88 | 36.81 | 904.26 | 17.22 | 41.38 | 4964.71 | 5.17 | 48.99 | 5644.44 | 2.77 | 47.34 | 1159.09 | 0.15 | 7.14 | 15.38 | 29.13 | 15.05 | 89.53 | 92.16 | -7.68 | -9.1 | 74.07 | -8.45 | 165.41 | 25.93 | 35.79 | -64.03 | 12.62 | 0.56 | -9.4 |
| 20Q3 (7) | 20.26 | 110.38 | 162.1 | 11.16 | 1650.0 | 583.12 | 13.80 | 776.47 | 493.16 | 12.18 | 394.92 | 385.92 | 3.47 | 633.85 | 430.48 | 1.88 | 1275.0 | 622.22 | 0.14 | 27.27 | 7.69 | 25.32 | 98.74 | 148.97 | 99.83 | -2.97 | -0.22 | 80.90 | 128.43 | 22.92 | 19.10 | -70.43 | -44.14 | 12.55 | 0 | -15.26 |
| 20Q2 (6) | 9.63 | 70.14 | 66.9 | -0.72 | 91.92 | 86.15 | -2.04 | 83.39 | 74.18 | -4.13 | 68.26 | 48.12 | -0.65 | 69.63 | 62.64 | -0.16 | 82.02 | 78.38 | 0.11 | 37.5 | -8.33 | 12.74 | 46.1 | 71.7 | 102.89 | 3.46 | 10.79 | 35.42 | -51.2 | -46.25 | 64.58 | 135.44 | 89.34 | 0.00 | -100.0 | -100.0 |
| 20Q1 (5) | 5.66 | -47.35 | -32.05 | -8.91 | -1813.46 | -82.21 | -12.28 | -753.19 | -253.89 | -13.01 | -3926.47 | -231.04 | -2.14 | -2477.78 | -193.15 | -0.89 | -504.55 | -304.55 | 0.08 | -38.46 | -20.0 | 8.72 | -43.27 | -35.55 | 99.45 | -1.91 | 19.42 | 72.57 | 160.04 | -48.5 | 27.43 | -61.95 | 167.05 | 21.77 | 56.28 | 12.45 |
| 19Q4 (4) | 10.75 | 39.07 | 0.0 | 0.52 | 122.51 | 0.0 | 1.88 | 153.56 | 0.0 | 0.34 | 107.98 | 0.0 | 0.09 | 108.57 | 0.0 | 0.22 | 161.11 | 0.0 | 0.13 | 0.0 | 0.0 | 15.37 | 51.13 | 0.0 | 101.39 | 1.34 | 0.0 | 27.91 | -57.6 | 0.0 | 72.09 | 110.9 | 0.0 | 13.93 | -5.94 | 0.0 |
| 19Q3 (3) | 7.73 | 33.97 | 0.0 | -2.31 | 55.58 | 0.0 | -3.51 | 55.57 | 0.0 | -4.26 | 46.48 | 0.0 | -1.05 | 39.66 | 0.0 | -0.36 | 51.35 | 0.0 | 0.13 | 8.33 | 0.0 | 10.17 | 37.06 | 0.0 | 100.05 | 7.73 | 0.0 | 65.82 | -0.11 | 0.0 | 34.18 | 0.21 | 0.0 | 14.81 | -11.79 | 0.0 |
| 19Q2 (2) | 5.77 | -30.73 | 0.0 | -5.20 | -6.34 | 0.0 | -7.90 | -127.67 | 0.0 | -7.96 | -102.54 | 0.0 | -1.74 | -138.36 | 0.0 | -0.74 | -236.36 | 0.0 | 0.12 | 20.0 | 0.0 | 7.42 | -45.16 | 0.0 | 92.87 | 11.52 | 0.0 | 65.89 | -53.24 | 0.0 | 34.11 | 183.38 | 0.0 | 16.79 | -13.27 | 0.0 |
| 19Q1 (1) | 8.33 | 0.0 | 0.0 | -4.89 | 0.0 | 0.0 | -3.47 | 0.0 | 0.0 | -3.93 | 0.0 | 0.0 | -0.73 | 0.0 | 0.0 | -0.22 | 0.0 | 0.0 | 0.10 | 0.0 | 0.0 | 13.53 | 0.0 | 0.0 | 83.28 | 0.0 | 0.0 | 140.91 | 0.0 | 0.0 | -40.91 | 0.0 | 0.0 | 19.36 | 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) | 10.01 | -1.77 | -0.61 | 0 | 10.49 | -7.97 | 0.63 | -55.63 | 0.05 | 0 | 0.05 | 0 | 0.59 | 0 | 0.50 | 8.7 | 12.53 | -10.82 | 78.42 | -2.07 | -96.52 | 0 | 196.52 | -10.58 | 0.04 | -3.05 | 14.73 | -9.07 |
| 2022 (9) | 10.19 | -68.36 | -1.70 | 0 | 11.40 | 22.78 | 1.42 | -94.43 | -1.88 | 0 | -1.25 | 0 | -0.26 | 0 | 0.46 | -19.3 | 14.05 | -60.67 | 80.08 | 11.01 | -119.94 | 0 | 219.77 | 1262.21 | 0.04 | 6.91 | 16.20 | 14.73 |
| 2021 (8) | 32.21 | 91.27 | 21.39 | 255.91 | 9.28 | -21.36 | 25.50 | 241.37 | 22.82 | 288.1 | 22.95 | 298.44 | 13.09 | 269.77 | 0.57 | 21.28 | 35.72 | 70.83 | 72.14 | -21.72 | 83.87 | 4.2 | 16.13 | -17.32 | 0.04 | -14.46 | 14.12 | -5.17 |
| 2020 (7) | 16.84 | 105.37 | 6.01 | 0 | 11.81 | -7.69 | 7.47 | 0 | 5.88 | 0 | 5.76 | 0 | 3.54 | 0 | 0.47 | -2.08 | 20.91 | 79.95 | 92.16 | -9.1 | 80.49 | -10.49 | 19.51 | 93.65 | 0.04 | -34.68 | 14.89 | -7.05 |
| 2019 (6) | 8.20 | -48.49 | -2.80 | 0 | 12.79 | 14.62 | -3.11 | 0 | -3.85 | 0 | -3.53 | 0 | -1.12 | 0 | 0.48 | -12.73 | 11.62 | -28.05 | 101.39 | 29.62 | 89.92 | -39.83 | 10.08 | 0 | 0.06 | -23.46 | 16.02 | 6.09 |
| 2018 (5) | 15.92 | -6.46 | 5.04 | -14.29 | 11.16 | -5.09 | 3.37 | -36.77 | 2.24 | -53.81 | 2.12 | -52.78 | 1.90 | -42.42 | 0.55 | 3.77 | 16.15 | -14.28 | 78.22 | 12.77 | 149.45 | 35.31 | -49.45 | 0 | 0.08 | 0 | 15.10 | 4.64 |
| 2017 (4) | 17.02 | 22.8 | 5.88 | 247.93 | 11.76 | -13.15 | 5.33 | 0 | 4.85 | 0 | 4.49 | 0 | 3.30 | 0 | 0.53 | 12.77 | 18.84 | 64.25 | 69.36 | -14.7 | 110.46 | 0 | -10.46 | 0 | 0.00 | 0 | 14.43 | -1.7 |
| 2016 (3) | 13.86 | 154.31 | 1.69 | 0 | 13.54 | -5.6 | -4.06 | 0 | -4.42 | 0 | -4.03 | 0 | -1.34 | 0 | 0.47 | 14.63 | 11.47 | 156.6 | 81.31 | -21.12 | -41.71 | 0 | 141.77 | 268.16 | 0.00 | 0 | 14.68 | -7.32 |
| 2015 (2) | 5.45 | -18.66 | -7.31 | 0 | 14.34 | 12.96 | -11.89 | 0 | -12.66 | 0 | -10.47 | 0 | -4.50 | 0 | 0.41 | 2.5 | 4.47 | -68.37 | 103.08 | 1.28 | 61.49 | -95.91 | 38.51 | 0 | 0.00 | 0 | 15.84 | 20.55 |
| 2014 (1) | 6.70 | 0 | -6.01 | 0 | 12.69 | -17.67 | -0.40 | 0 | -0.78 | 0 | -0.63 | 0 | 0.29 | 0 | 0.40 | 2.56 | 14.13 | -12.24 | 101.78 | 2.91 | 1504.22 | 216.48 | -1404.22 | 0 | 0.00 | 0 | 13.14 | -17.15 |
