- 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) | 16.22 | -17.37 | 19.26 | 5.73 | -41.89 | 20.13 | 0.75 | -95.52 | -69.76 | 1.42 | -91.04 | -85.1 | 0.50 | -91.75 | -88.01 | 0.35 | -89.74 | -84.85 | 0.19 | -9.52 | -17.39 | 3.53 | -81.4 | -27.52 | 78.50 | -7.08 | -5.99 | 750.00 | 1180.66 | 281.82 | -650.00 | -1689.86 | -600.0 | 17.24 | 4.68 | 15.24 |
| 23Q3 (19) | 19.63 | 44.13 | 101.75 | 9.86 | 180.91 | 764.91 | 16.75 | 196.46 | 110.16 | 15.85 | 272.07 | 148.43 | 6.06 | 335.97 | 102.68 | 3.41 | 305.95 | 111.8 | 0.21 | 16.67 | -8.7 | 18.98 | 128.67 | 80.42 | 84.48 | 7.33 | -10.22 | 58.56 | -5.54 | 297.4 | 40.88 | 7.59 | -52.05 | 16.47 | 6.4 | 18.23 |
| 23Q2 (18) | 13.62 | -8.1 | 99.71 | 3.51 | -25.32 | 916.28 | 5.65 | 11.0 | 430.41 | 4.26 | -15.14 | 387.84 | 1.39 | -18.71 | 285.33 | 0.84 | -17.65 | 423.08 | 0.18 | -5.26 | -25.0 | 8.30 | 6.96 | 1437.04 | 78.71 | -2.65 | -27.97 | 62.00 | -32.23 | 172.8 | 38.00 | 346.5 | -50.82 | 15.48 | -15.59 | -1.46 |
| 23Q1 (17) | 14.82 | 8.97 | 269.58 | 4.70 | -1.47 | 230.56 | 5.09 | 105.24 | 2.21 | 5.02 | -47.32 | 35.68 | 1.71 | -58.99 | 3.64 | 1.02 | -55.84 | 21.43 | 0.19 | -17.39 | -9.52 | 7.76 | 59.34 | 5.72 | 80.85 | -3.17 | -30.64 | 91.49 | -53.42 | 226.34 | 8.51 | 109.17 | -95.01 | 18.34 | 22.59 | -4.97 |
| 22Q4 (16) | 13.60 | 39.77 | 216.28 | 4.77 | 318.42 | 266.2 | 2.48 | -68.88 | 1280.95 | 9.53 | 49.37 | 13714.29 | 4.17 | 39.46 | 10525.0 | 2.31 | 43.48 | 4520.0 | 0.23 | 0.0 | -11.54 | 4.87 | -53.71 | 179.89 | 83.50 | -11.26 | -27.24 | 196.43 | 1232.91 | -84.89 | -92.86 | -208.91 | 92.47 | 14.96 | 7.39 | -17.17 |
| 22Q3 (15) | 9.73 | 42.67 | 2.75 | 1.14 | 365.12 | -48.42 | 7.97 | 566.08 | 481.75 | 6.38 | 531.08 | 10733.33 | 2.99 | 498.67 | 10066.67 | 1.61 | 719.23 | 5266.67 | 0.23 | -4.17 | -4.17 | 10.52 | 1848.15 | 214.97 | 94.10 | -13.89 | -3.17 | 14.74 | -35.16 | -90.93 | 85.26 | 10.34 | 236.42 | 13.93 | -11.33 | -23.42 |
| 22Q2 (14) | 6.82 | 70.07 | 8.95 | -0.43 | 88.06 | 83.52 | -1.71 | -134.34 | -112.6 | -1.48 | -140.0 | -111.7 | -0.75 | -145.45 | -112.18 | -0.26 | -130.95 | -107.93 | 0.24 | 14.29 | -7.69 | 0.54 | -92.64 | -96.55 | 109.28 | -6.25 | 29.91 | 22.73 | 131.39 | 219.15 | 77.27 | -54.73 | -35.42 | 15.71 | -18.6 | -26.9 |
| 22Q1 (13) | 4.01 | -6.74 | -17.15 | -3.60 | -25.44 | 60.78 | 4.98 | 2471.43 | 192.05 | 3.70 | 5385.71 | 193.2 | 1.65 | 4225.0 | 199.4 | 0.84 | 1580.0 | 202.44 | 0.21 | -19.23 | -4.55 | 7.34 | 321.84 | 347.14 | 116.57 | 1.58 | 19.38 | -72.41 | -105.57 | -142.42 | 170.69 | 113.84 | 341.46 | 19.30 | 6.87 | -40.34 |
| 21Q4 (12) | 4.30 | -54.59 | -42.74 | -2.87 | -229.86 | -825.81 | -0.21 | -115.33 | -425.0 | -0.07 | -16.67 | -122.58 | -0.04 | -33.33 | -126.67 | 0.05 | 66.67 | -58.33 | 0.26 | 8.33 | 0.0 | 1.74 | -47.9 | -4.92 | 114.76 | 18.09 | 28.86 | 1300.00 | 700.0 | 225.0 | -1233.33 | -1873.33 | -311.11 | 18.06 | -0.71 | -26.01 |
| 21Q3 (11) | 9.47 | 51.28 | -23.01 | 2.21 | 184.67 | -57.9 | 1.37 | -89.9 | -75.05 | -0.06 | -100.47 | -101.4 | -0.03 | -100.49 | -101.38 | 0.03 | -99.09 | -97.5 | 0.24 | -7.69 | -11.11 | 3.34 | -78.67 | -51.59 | 97.18 | 15.53 | 10.11 | 162.50 | 951.89 | 69.78 | -62.50 | -152.23 | -1558.33 | 18.19 | -15.36 | -17.32 |
| 21Q2 (10) | 6.26 | 29.34 | -53.46 | -2.61 | 71.57 | -142.93 | 13.57 | 350.83 | 60.02 | 12.65 | 418.64 | 68.67 | 6.16 | 471.08 | 58.76 | 3.28 | 500.0 | 47.09 | 0.26 | 18.18 | -10.34 | 15.66 | 627.27 | 55.2 | 84.12 | -13.86 | 1.26 | -19.08 | -111.18 | -126.56 | 119.65 | 269.27 | 324.58 | 21.49 | -33.57 | 0 |
| 21Q1 (9) | 4.84 | -35.55 | -27.22 | -9.18 | -2861.29 | -116.0 | -5.41 | -13425.0 | -19.43 | -3.97 | -1380.65 | 13.88 | -1.66 | -1206.67 | -30.71 | -0.82 | -783.33 | -26.15 | 0.22 | -15.38 | 46.67 | -2.97 | -262.3 | -107.69 | 97.65 | 9.65 | 38.45 | 170.69 | -57.33 | 82.07 | -70.69 | 76.44 | -1231.03 | 32.35 | 32.53 | 0 |
| 20Q4 (8) | 7.51 | -38.94 | -42.76 | -0.31 | -105.9 | -104.8 | -0.04 | -100.73 | -101.17 | 0.31 | -92.79 | -88.26 | 0.15 | -93.09 | -87.9 | 0.12 | -90.0 | -83.33 | 0.26 | -3.7 | 4.0 | 1.83 | -73.48 | -64.94 | 89.06 | 0.91 | 5.67 | 400.00 | 317.91 | 110.26 | -300.00 | -7100.0 | -232.43 | 24.41 | 10.95 | 0 |
| 20Q3 (7) | 12.30 | -8.55 | -3.15 | 5.25 | -13.65 | 0.38 | 5.49 | -35.26 | -9.56 | 4.30 | -42.67 | -12.96 | 2.17 | -44.07 | -14.23 | 1.20 | -46.19 | -13.67 | 0.27 | -6.9 | 0.0 | 6.90 | -31.62 | -10.74 | 88.26 | 6.25 | -3.02 | 95.71 | 33.27 | 11.2 | 4.29 | -84.79 | -69.22 | 22.00 | 0 | -4.39 |
| 20Q2 (6) | 13.45 | 102.26 | 29.33 | 6.08 | 243.06 | 136.58 | 8.48 | 287.2 | 223.66 | 7.50 | 262.69 | 262.32 | 3.88 | 405.51 | 295.92 | 2.23 | 443.08 | 253.97 | 0.29 | 93.33 | 16.0 | 10.09 | 805.59 | 118.87 | 83.07 | 17.78 | -9.05 | 71.82 | -23.39 | -25.87 | 28.18 | 350.91 | 801.82 | 0.00 | 0 | -100.0 |
| 20Q1 (5) | 6.65 | -49.31 | -2.64 | -4.25 | -165.79 | -132.24 | -4.53 | -232.07 | -519.44 | -4.61 | -274.62 | -504.39 | -1.27 | -202.42 | -395.35 | -0.65 | -190.28 | -296.97 | 0.15 | -40.0 | -25.0 | -1.43 | -127.39 | -137.93 | 70.53 | -16.31 | -20.26 | 93.75 | -50.72 | 157.29 | 6.25 | 106.93 | -97.63 | 0.00 | 0 | -100.0 |
| 19Q4 (4) | 13.12 | 3.31 | 0.0 | 6.46 | 23.52 | 0.0 | 3.43 | -43.49 | 0.0 | 2.64 | -46.56 | 0.0 | 1.24 | -50.99 | 0.0 | 0.72 | -48.2 | 0.0 | 0.25 | -7.41 | 0.0 | 5.22 | -32.47 | 0.0 | 84.28 | -7.39 | 0.0 | 190.24 | 121.02 | 0.0 | -90.24 | -748.12 | 0.0 | 0.00 | -100.0 | 0.0 |
| 19Q3 (3) | 12.70 | 22.12 | 0.0 | 5.23 | 103.5 | 0.0 | 6.07 | 131.68 | 0.0 | 4.94 | 138.65 | 0.0 | 2.53 | 158.16 | 0.0 | 1.39 | 120.63 | 0.0 | 0.27 | 8.0 | 0.0 | 7.73 | 67.68 | 0.0 | 91.01 | -0.36 | 0.0 | 86.08 | -11.15 | 0.0 | 13.92 | 345.57 | 0.0 | 23.01 | 2.59 | 0.0 |
| 19Q2 (2) | 10.40 | 52.27 | 0.0 | 2.57 | 240.44 | 0.0 | 2.62 | 142.59 | 0.0 | 2.07 | 81.58 | 0.0 | 0.98 | 127.91 | 0.0 | 0.63 | 90.91 | 0.0 | 0.25 | 25.0 | 0.0 | 4.61 | 22.28 | 0.0 | 91.34 | 3.27 | 0.0 | 96.88 | 159.2 | 0.0 | 3.12 | -98.81 | 0.0 | 22.43 | -7.12 | 0.0 |
| 19Q1 (1) | 6.83 | 0.0 | 0.0 | -1.83 | 0.0 | 0.0 | 1.08 | 0.0 | 0.0 | 1.14 | 0.0 | 0.0 | 0.43 | 0.0 | 0.0 | 0.33 | 0.0 | 0.0 | 0.20 | 0.0 | 0.0 | 3.77 | 0.0 | 0.0 | 88.45 | 0.0 | 0.0 | -163.64 | 0.0 | 0.0 | 263.64 | 0.0 | 0.0 | 24.15 | 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) | 16.25 | 91.4 | 6.13 | 1293.18 | 2.09 | 13.79 | 7.27 | 119.64 | 6.87 | 57.57 | 9.39 | 17.96 | 5.50 | 25.0 | 0.76 | -17.39 | 9.87 | 73.16 | 78.50 | -5.99 | 84.21 | 537.59 | 15.79 | -81.67 | 0.04 | -9.77 | 16.89 | 5.83 |
| 2022 (9) | 8.49 | 37.38 | 0.44 | 0 | 1.84 | 0.6 | 3.31 | 26.82 | 4.36 | 83.19 | 7.96 | 75.33 | 4.40 | 79.59 | 0.92 | -2.13 | 5.70 | 21.54 | 83.50 | -27.24 | 13.21 | 0 | 86.16 | -59.75 | 0.04 | 124.16 | 15.96 | -27.78 |
| 2021 (8) | 6.18 | -40.75 | -2.95 | 0 | 1.83 | 11.77 | 2.61 | -19.94 | 2.38 | -12.82 | 4.54 | -5.22 | 2.45 | -10.26 | 0.94 | 0.0 | 4.69 | -8.4 | 114.76 | 28.86 | -113.28 | 0 | 214.06 | 805.18 | 0.02 | -11.05 | 22.10 | -6.28 |
| 2020 (7) | 10.43 | -5.1 | 2.48 | -26.84 | 1.63 | 5.45 | 3.26 | -5.78 | 2.73 | -3.19 | 4.79 | -7.53 | 2.73 | -11.65 | 0.94 | -4.08 | 5.12 | -6.23 | 89.06 | 5.67 | 75.68 | -22.91 | 23.65 | 863.68 | 0.02 | -51.77 | 23.58 | 1.99 |
| 2019 (6) | 10.99 | 34.68 | 3.39 | 0 | 1.55 | 6.89 | 3.46 | 152.55 | 2.82 | 1028.0 | 5.18 | 1077.27 | 3.09 | 451.79 | 0.98 | 11.36 | 5.46 | 60.12 | 84.28 | -8.57 | 98.16 | 0 | 2.45 | -98.57 | 0.04 | 3.67 | 23.12 | -13.51 |
| 2018 (5) | 8.16 | -23.31 | -0.99 | 0 | 1.45 | 33.66 | 1.37 | 41.24 | 0.25 | -63.77 | 0.44 | -61.74 | 0.56 | -17.65 | 0.88 | 2.33 | 3.41 | 47.62 | 92.18 | -11.97 | -72.13 | 0 | 172.13 | 0 | 0.04 | -27.85 | 26.73 | 15.81 |
| 2017 (4) | 10.64 | -18.4 | 1.61 | -65.6 | 1.08 | -6.62 | 0.97 | -80.36 | 0.69 | -80.62 | 1.15 | -81.36 | 0.68 | -79.88 | 0.86 | -6.52 | 2.31 | -63.22 | 104.71 | 24.21 | 165.12 | 75.17 | -65.12 | 0 | 0.06 | 0 | 23.08 | 1.41 |
| 2016 (3) | 13.04 | 9.03 | 4.68 | 39.29 | 1.16 | -4.99 | 4.94 | -10.34 | 3.56 | -15.84 | 6.17 | -24.76 | 3.38 | -22.83 | 0.92 | -8.0 | 6.28 | -10.03 | 84.30 | -10.31 | 94.26 | 54.85 | 5.26 | -86.55 | 0.00 | 0 | 22.76 | 4.5 |
| 2015 (2) | 11.96 | 4.64 | 3.36 | 31.25 | 1.22 | -1.81 | 5.51 | 25.23 | 4.23 | 25.89 | 8.20 | 4.46 | 4.38 | 12.31 | 1.00 | -10.71 | 6.98 | 19.73 | 93.99 | -0.54 | 60.87 | 4.8 | 39.13 | -6.65 | 0.00 | 0 | 21.78 | 11.12 |
| 2014 (1) | 11.43 | 0 | 2.56 | 0 | 1.25 | -7.67 | 4.40 | 0 | 3.36 | 0 | 7.85 | 0 | 3.90 | 0 | 1.12 | -6.67 | 5.83 | -23.79 | 94.50 | -25.71 | 58.08 | -34.0 | 41.92 | 239.05 | 0.00 | 0 | 19.60 | -17.02 |
