- 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) | 37.91 | 24.21 | 0.45 | 18.75 | 88.44 | -14.5 | 16.75 | 10.56 | -23.59 | 13.86 | 16.28 | -20.53 | 3.59 | 48.96 | -43.11 | 2.13 | 50.0 | -20.22 | 0.15 | 36.36 | 7.14 | 28.61 | -7.98 | -17.07 | 75.86 | 2.06 | -46.16 | 111.57 | 70.51 | 11.57 | -11.57 | -133.47 | 0 | 25.92 | -12.58 | 6.4 |
23Q3 (19) | 30.52 | 12.95 | -3.33 | 9.95 | 66.11 | -10.6 | 15.15 | 50.15 | 39.76 | 11.92 | 57.88 | 37.8 | 2.41 | 66.21 | -4.74 | 1.42 | 65.12 | 26.79 | 0.11 | 10.0 | 0.0 | 31.09 | 12.89 | 11.43 | 74.33 | -17.32 | -54.09 | 65.43 | 10.56 | -36.86 | 34.57 | -15.31 | 2001.23 | 29.65 | -6.2 | 3.64 |
23Q2 (18) | 27.02 | -22.38 | 95.09 | 5.99 | -64.56 | 164.34 | 10.09 | -39.83 | 188.59 | 7.55 | -43.49 | 181.1 | 1.45 | -61.02 | 180.11 | 0.86 | -53.76 | 265.38 | 0.10 | -23.08 | 42.86 | 27.54 | -9.7 | 93.4 | 89.90 | -4.55 | -45.7 | 59.18 | -41.38 | -27.45 | 40.82 | 4344.9 | 121.57 | 31.61 | 25.99 | -18.02 |
23Q1 (17) | 34.81 | -7.76 | 6.81 | 16.90 | -22.94 | 9.31 | 16.77 | -23.49 | 9.18 | 13.36 | -23.39 | 7.57 | 3.72 | -41.05 | -4.37 | 1.86 | -30.34 | 16.98 | 0.13 | -7.14 | 8.33 | 30.50 | -11.59 | -2.8 | 94.19 | -33.15 | -43.88 | 100.96 | 0.96 | 0.96 | -0.96 | 0 | 19.23 | 25.09 | 3.0 | -5.14 |
22Q4 (16) | 37.74 | 19.54 | 6.94 | 21.93 | 97.04 | 26.84 | 21.92 | 102.21 | 25.98 | 17.44 | 101.62 | 21.87 | 6.31 | 149.41 | 26.45 | 2.67 | 138.39 | 50.85 | 0.14 | 27.27 | 27.27 | 34.50 | 23.66 | -1.79 | 140.89 | -12.99 | -19.33 | 100.00 | -3.51 | 0.0 | 0.00 | 100.0 | -100.0 | 24.36 | -14.85 | -6.34 |
22Q3 (15) | 31.57 | 127.94 | 386.22 | 11.13 | 219.55 | 125.85 | 10.84 | 195.17 | 125.3 | 8.65 | 192.91 | 125.52 | 2.53 | 239.78 | 140.16 | 1.12 | 315.38 | 167.07 | 0.11 | 57.14 | 120.0 | 27.90 | 95.93 | 1118.25 | 161.92 | -2.2 | -40.2 | 103.64 | 27.04 | 2.55 | -1.82 | -109.87 | 0 | 28.61 | -25.8 | -44.19 |
22Q2 (14) | 13.85 | -57.5 | 188.16 | -9.31 | -160.22 | 77.14 | -11.39 | -174.15 | 63.73 | -9.31 | -174.96 | 61.75 | -1.81 | -146.53 | 58.39 | -0.52 | -132.7 | 56.67 | 0.07 | -41.67 | 16.67 | 14.24 | -54.62 | 58.75 | 165.56 | -1.36 | -21.29 | 81.58 | -18.42 | -37.25 | 18.42 | 1647.37 | 161.4 | 38.56 | 45.78 | -21.93 |
22Q1 (13) | 32.59 | -7.65 | 18.17 | 15.46 | -10.58 | 79.77 | 15.36 | -11.72 | 122.29 | 12.42 | -13.21 | 128.73 | 3.89 | -22.04 | 82.63 | 1.59 | -10.17 | 89.29 | 0.12 | 9.09 | 0.0 | 31.38 | -10.67 | 21.68 | 167.84 | -3.9 | -24.68 | 100.00 | 0.0 | -20.45 | -1.19 | -203.57 | 95.37 | 26.45 | 1.69 | -12.59 |
21Q4 (12) | 35.29 | 419.95 | 8.99 | 17.29 | 140.15 | 7.59 | 17.40 | 140.61 | 19.18 | 14.31 | 142.22 | 22.83 | 4.99 | 179.21 | -12.91 | 1.77 | 205.99 | -7.81 | 0.11 | 120.0 | -26.67 | 35.13 | 1382.12 | 17.3 | 174.66 | -35.49 | -21.11 | 100.00 | -1.05 | -8.91 | 1.15 | 0 | 111.75 | 26.01 | -49.26 | -2.88 |
21Q3 (11) | -11.03 | 29.79 | -139.58 | -43.06 | -5.72 | -605.4 | -42.85 | -36.46 | -627.06 | -33.89 | -39.24 | -605.82 | -6.30 | -44.83 | -351.0 | -1.67 | -39.17 | -281.52 | 0.05 | -16.67 | -54.55 | -2.74 | -130.55 | -109.48 | 270.75 | 28.71 | 13.49 | 101.06 | -22.26 | -4.12 | -0.00 | 100.0 | 100.0 | 51.26 | 3.79 | 73.47 |
21Q2 (10) | -15.71 | -156.96 | -709.79 | -40.73 | -573.6 | -39.44 | -31.40 | -554.41 | -318.11 | -24.34 | -548.25 | -1945.38 | -4.35 | -304.23 | -1791.3 | -1.20 | -242.86 | -1023.08 | 0.06 | -50.0 | 0.0 | 8.97 | -65.22 | -71.32 | 210.35 | -5.61 | -14.78 | 130.00 | 3.41 | -67.04 | -30.00 | -16.67 | 89.81 | 49.39 | 63.22 | 3.5 |
21Q1 (9) | 27.58 | -14.82 | 16.27 | 8.60 | -46.48 | 102.35 | 6.91 | -52.67 | 225.94 | 5.43 | -53.39 | 266.89 | 2.13 | -62.83 | 267.24 | 0.84 | -56.25 | 133.33 | 0.12 | -20.0 | 9.09 | 25.79 | -13.89 | 20.29 | 222.85 | 0.65 | -5.38 | 125.71 | 14.51 | -34.15 | -25.71 | -162.86 | 74.29 | 30.26 | 12.99 | 0.77 |
20Q4 (8) | 32.38 | 16.18 | -4.29 | 16.07 | 88.62 | 4.9 | 14.60 | 79.58 | 6.18 | 11.65 | 73.88 | 8.37 | 5.73 | 128.29 | -1.38 | 1.92 | 108.7 | 4.92 | 0.15 | 36.36 | 0.0 | 29.95 | 3.6 | 3.81 | 221.41 | -7.19 | -9.26 | 109.78 | 4.15 | -1.94 | -9.78 | -80.98 | 18.18 | 26.78 | -9.37 | -1.65 |
20Q3 (7) | 27.87 | 1536.6 | 8.95 | 8.52 | 129.17 | 125.4 | 8.13 | 208.26 | 334.76 | 6.70 | 663.03 | 403.76 | 2.51 | 1191.3 | 340.35 | 0.92 | 607.69 | 162.86 | 0.11 | 83.33 | -8.33 | 28.91 | -7.58 | 42.34 | 238.57 | -3.34 | -10.43 | 105.41 | -73.28 | -44.52 | -5.41 | 98.16 | 94.59 | 29.55 | -38.08 | -7.8 |
20Q2 (6) | -1.94 | -108.18 | -106.76 | -29.21 | -787.29 | -444.05 | -7.51 | -454.25 | -207.9 | -1.19 | -180.41 | -122.2 | -0.23 | -139.66 | -110.04 | 0.13 | -63.89 | -84.52 | 0.06 | -45.45 | -50.0 | 31.28 | 45.9 | 28.94 | 246.82 | 4.8 | -10.41 | 394.44 | 106.61 | 225.85 | -294.44 | -194.44 | -1298.61 | 47.72 | 58.91 | 59.12 |
20Q1 (5) | 23.72 | -29.88 | -28.03 | 4.25 | -72.26 | -73.3 | 2.12 | -84.58 | -85.45 | 1.48 | -86.23 | -87.22 | 0.58 | -90.02 | -89.98 | 0.36 | -80.33 | -84.21 | 0.11 | -26.67 | -38.89 | 21.44 | -25.68 | -26.2 | 235.51 | -3.48 | -2.59 | 190.91 | 70.52 | 74.39 | -100.00 | -736.36 | -955.56 | 30.03 | 10.28 | 20.7 |
19Q4 (4) | 33.83 | 32.25 | 0.0 | 15.32 | 305.29 | 0.0 | 13.75 | 635.29 | 0.0 | 10.75 | 708.27 | 0.0 | 5.81 | 919.3 | 0.0 | 1.83 | 422.86 | 0.0 | 0.15 | 25.0 | 0.0 | 28.85 | 42.05 | 0.0 | 244.01 | -8.39 | 0.0 | 111.96 | -41.08 | 0.0 | -11.96 | 88.04 | 0.0 | 27.23 | -15.04 | 0.0 |
19Q3 (3) | 25.58 | -10.87 | 0.0 | 3.78 | -55.48 | 0.0 | 1.87 | -73.13 | 0.0 | 1.33 | -75.19 | 0.0 | 0.57 | -75.11 | 0.0 | 0.35 | -58.33 | 0.0 | 0.12 | 0.0 | 0.0 | 20.31 | -16.28 | 0.0 | 266.36 | -3.32 | 0.0 | 190.00 | 56.96 | 0.0 | -100.00 | -375.0 | 0.0 | 32.05 | 6.87 | 0.0 |
19Q2 (2) | 28.70 | -12.92 | 0.0 | 8.49 | -46.67 | 0.0 | 6.96 | -52.23 | 0.0 | 5.36 | -53.71 | 0.0 | 2.29 | -60.45 | 0.0 | 0.84 | -63.16 | 0.0 | 0.12 | -33.33 | 0.0 | 24.26 | -16.49 | 0.0 | 275.50 | 13.96 | 0.0 | 121.05 | 10.58 | 0.0 | -21.05 | -122.22 | 0.0 | 29.99 | 20.54 | 0.0 |
19Q1 (1) | 32.96 | 0.0 | 0.0 | 15.92 | 0.0 | 0.0 | 14.57 | 0.0 | 0.0 | 11.58 | 0.0 | 0.0 | 5.79 | 0.0 | 0.0 | 2.28 | 0.0 | 0.0 | 0.18 | 0.0 | 0.0 | 29.05 | 0.0 | 0.0 | 241.76 | 0.0 | 0.0 | 109.47 | 0.0 | 0.0 | -9.47 | 0.0 | 0.0 | 24.88 | 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) | 33.19 | 7.1 | 13.66 | 9.19 | 13.31 | -10.98 | 15.03 | 24.52 | 12.00 | 24.74 | 11.67 | 9.58 | 6.16 | 29.14 | 0.48 | 11.63 | 29.41 | 2.19 | 75.86 | -46.16 | 90.70 | -12.45 | 9.01 | 0 | 0.00 | 0 | 27.71 | -1.95 |
2022 (9) | 30.99 | 74.59 | 12.51 | 0 | 14.95 | -33.47 | 12.07 | 0 | 9.62 | 0 | 10.65 | 0 | 4.77 | 47600.0 | 0.43 | 34.37 | 28.78 | 30.11 | 140.89 | -19.33 | 103.60 | -20.89 | -3.60 | 0 | 0.00 | 0 | 28.26 | -19.05 |
2021 (8) | 17.75 | -27.1 | -3.78 | 0 | 22.47 | 20.48 | -2.87 | 0 | -2.02 | 0 | -1.92 | 0 | 0.01 | -99.69 | 0.32 | -23.81 | 22.12 | -19.68 | 174.66 | -21.11 | 130.95 | 75.56 | -30.95 | 0 | 0.00 | 0 | 34.91 | 12.11 |
2020 (7) | 24.35 | -20.53 | 4.97 | -56.52 | 18.65 | 30.21 | 6.65 | -32.56 | 5.94 | -22.96 | 8.39 | -41.82 | 3.27 | -45.95 | 0.42 | -36.36 | 27.54 | 5.76 | 221.41 | -9.27 | 74.59 | -35.56 | 25.41 | 0 | 0.00 | 0 | 31.14 | 10.23 |
2019 (6) | 30.64 | -6.95 | 11.43 | -28.11 | 14.32 | 122.38 | 9.86 | -36.96 | 7.71 | -37.72 | 14.42 | -16.16 | 6.05 | -34.38 | 0.66 | -8.33 | 26.04 | 15.53 | 244.04 | 95.98 | 115.74 | 13.62 | -15.74 | 0 | 0.00 | 0 | 28.25 | 6.93 |
2018 (5) | 32.93 | -0.99 | 15.90 | -12.35 | 6.44 | 5.81 | 15.64 | -13.45 | 12.38 | -17.08 | 17.20 | -13.09 | 9.22 | -26.12 | 0.72 | -11.11 | 22.54 | -8.41 | 124.52 | 118.07 | 101.87 | 1.5 | -1.87 | 0 | 0.00 | 0 | 26.42 | 4.47 |
2017 (4) | 33.26 | 0.33 | 18.14 | -0.27 | 6.09 | -10.91 | 18.07 | 2.96 | 14.93 | 3.25 | 19.79 | -1.44 | 12.48 | 17.96 | 0.81 | 15.71 | 24.61 | -2.73 | 57.10 | -17.1 | 100.36 | -2.96 | -0.36 | 0 | 0.00 | 0 | 25.29 | -0.43 |
2016 (3) | 33.15 | 2.35 | 18.19 | -0.93 | 6.83 | -8.63 | 17.55 | -2.5 | 14.46 | -2.95 | 20.08 | -16.78 | 10.58 | 7.74 | 0.70 | 14.75 | 25.30 | -5.84 | 68.88 | -51.89 | 103.42 | 1.56 | -3.85 | 0 | 0.00 | 0 | 25.40 | 1.32 |
2015 (2) | 32.39 | -18.96 | 18.36 | -17.78 | 7.48 | -21.09 | 18.00 | -11.81 | 14.90 | -12.04 | 24.13 | 28.76 | 9.82 | 25.26 | 0.61 | 45.24 | 26.87 | -15.82 | 143.16 | -24.04 | 101.83 | -6.71 | -1.83 | 0 | 0.00 | 0 | 25.07 | 1.21 |
2014 (1) | 39.97 | 0 | 22.33 | 0 | 9.48 | -22.71 | 20.41 | 0 | 16.94 | 0 | 18.74 | 0 | 7.84 | 0 | 0.42 | -40.85 | 31.92 | -15.06 | 188.46 | 35.32 | 109.15 | -1.22 | -9.15 | 0 | 0.00 | 0 | 24.77 | 6.13 |