- 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) | 26.81 | 4.56 | 4.52 | 1.25 | -2.34 | 73.61 | 1.13 | -3.42 | 15.31 | 0.89 | -2.2 | 15.58 | 1.68 | -9.19 | 12.75 | 0.63 | -8.7 | 12.5 | 0.60 | -9.09 | -6.25 | 6.44 | 4.04 | 1.9 | 210.76 | -3.47 | 0.88 | 110.00 | 0.83 | 48.08 | -10.00 | -10.0 | -138.89 | 13.70 | 11.2 | 3.4 |
| 23Q3 (19) | 25.64 | 1.14 | 4.78 | 1.28 | 212.2 | 433.33 | 1.17 | 192.5 | 172.09 | 0.91 | 203.33 | 175.76 | 1.85 | 230.36 | 172.06 | 0.69 | 146.43 | 137.93 | 0.66 | 4.76 | -1.49 | 6.19 | 4.21 | 10.93 | 218.33 | 8.84 | 9.66 | 109.09 | 9.09 | 93.94 | -9.09 | 0 | -120.78 | 12.32 | -5.88 | 4.85 |
| 23Q2 (18) | 25.35 | -2.05 | 6.87 | 0.41 | -8.89 | 783.33 | 0.40 | 42.86 | 135.29 | 0.30 | 50.0 | 130.77 | 0.56 | 55.56 | 133.33 | 0.28 | 40.0 | 86.67 | 0.63 | 6.78 | -1.56 | 5.94 | -1.82 | 5.88 | 200.60 | 6.46 | -5.94 | 100.00 | -40.0 | 400.0 | 0.00 | 100.0 | -100.0 | 13.09 | -3.39 | 5.39 |
| 23Q1 (17) | 25.88 | 0.9 | 0.23 | 0.45 | -37.5 | 1000.0 | 0.28 | -71.43 | 1033.33 | 0.20 | -74.03 | 766.67 | 0.36 | -75.84 | 700.0 | 0.20 | -64.29 | 300.0 | 0.59 | -7.81 | 5.36 | 6.05 | -4.27 | -1.47 | 188.43 | -9.81 | 4.47 | 166.67 | 124.36 | -16.67 | -66.67 | -359.26 | 33.33 | 13.55 | 2.26 | 1.73 |
| 22Q4 (16) | 25.65 | 4.82 | -5.73 | 0.72 | 200.0 | -40.5 | 0.98 | 127.91 | -46.15 | 0.77 | 133.33 | -49.67 | 1.49 | 119.12 | -50.66 | 0.56 | 93.1 | -42.86 | 0.64 | -4.48 | 8.47 | 6.32 | 13.26 | -18.35 | 208.93 | 4.94 | 7.75 | 74.29 | 32.06 | 10.52 | 25.71 | -41.22 | -21.57 | 13.25 | 12.77 | 1.84 |
| 22Q3 (15) | 24.47 | 3.16 | -4.08 | 0.24 | 500.0 | -88.52 | 0.43 | 152.94 | -82.45 | 0.33 | 153.85 | -82.99 | 0.68 | 183.33 | -86.77 | 0.29 | 93.33 | -79.43 | 0.67 | 4.69 | -4.29 | 5.58 | -0.53 | -28.46 | 199.09 | -6.65 | -29.44 | 56.25 | 268.75 | -33.91 | 43.75 | -67.19 | 193.75 | 11.75 | -5.39 | 2.0 |
| 22Q2 (14) | 23.72 | -8.13 | -3.14 | -0.06 | -20.0 | -105.71 | 0.17 | 666.67 | -88.82 | 0.13 | 533.33 | -89.52 | 0.24 | 500.0 | -93.46 | 0.15 | 200.0 | -85.85 | 0.64 | 14.29 | -18.99 | 5.61 | -8.63 | -19.4 | 213.27 | 18.24 | -24.11 | -33.33 | -116.67 | -148.48 | 133.33 | 233.33 | 326.67 | 12.42 | -6.76 | 7.72 |
| 22Q1 (13) | 25.82 | -5.11 | 3.82 | -0.05 | -104.13 | -105.38 | -0.03 | -101.65 | -103.45 | -0.03 | -101.96 | -104.29 | -0.06 | -101.99 | -103.57 | 0.05 | -94.9 | -90.57 | 0.56 | -5.08 | -12.5 | 6.14 | -20.67 | -7.53 | 180.37 | -6.98 | -32.34 | 200.00 | 197.56 | 86.67 | -100.00 | -405.0 | -1300.0 | 13.32 | 2.38 | 10.45 |
| 21Q4 (12) | 27.21 | 6.66 | 3.15 | 1.21 | -42.11 | -42.38 | 1.82 | -25.71 | 1.68 | 1.53 | -21.13 | 8.51 | 3.02 | -41.25 | -14.93 | 0.98 | -30.5 | -2.97 | 0.59 | -15.71 | -10.61 | 7.74 | -0.77 | 5.31 | 193.91 | -31.28 | -32.25 | 67.21 | -21.02 | -43.5 | 32.79 | 120.14 | 290.16 | 13.01 | 12.93 | 5.94 |
| 21Q3 (11) | 25.51 | 4.16 | 2.78 | 2.09 | 99.05 | -18.04 | 2.45 | 61.18 | -5.04 | 1.94 | 56.45 | 1.04 | 5.14 | 40.05 | -4.28 | 1.41 | 33.02 | -4.73 | 0.70 | -11.39 | -4.11 | 7.80 | 12.07 | 1.83 | 282.17 | 0.41 | 2.22 | 85.11 | 23.79 | -13.93 | 14.89 | -52.34 | 1225.53 | 11.52 | -0.09 | 6.77 |
| 21Q2 (10) | 24.49 | -1.53 | 1.41 | 1.05 | 12.9 | -33.12 | 1.52 | 74.71 | 15.15 | 1.24 | 77.14 | 5.98 | 3.67 | 118.45 | 13.98 | 1.06 | 100.0 | 17.78 | 0.79 | 23.44 | 12.86 | 6.96 | 4.82 | 5.78 | 281.02 | 5.42 | -3.43 | 68.75 | -35.83 | -41.83 | 31.25 | 537.5 | 271.88 | 11.53 | -4.39 | -0.09 |
| 21Q1 (9) | 24.87 | -5.72 | 0 | 0.93 | -55.71 | 0 | 0.87 | -51.4 | 0 | 0.70 | -50.35 | 0 | 1.68 | -52.68 | 0 | 0.53 | -47.52 | 0 | 0.64 | -3.03 | 0 | 6.64 | -9.66 | 0 | 266.57 | -6.86 | 0 | 107.14 | -9.94 | 0 | -7.14 | 58.57 | 0 | 12.06 | -1.79 | 0 |
| 20Q4 (8) | 26.38 | 6.29 | 0 | 2.10 | -17.65 | 0 | 1.79 | -30.62 | 0 | 1.41 | -26.56 | 0 | 3.55 | -33.89 | 0 | 1.01 | -31.76 | 0 | 0.66 | -9.59 | 0 | 7.35 | -4.05 | 0 | 286.21 | 3.69 | 0 | 118.97 | 20.32 | 0 | -17.24 | -1634.48 | 0 | 12.28 | 13.81 | 0 |
| 20Q3 (7) | 24.82 | 2.77 | 0 | 2.55 | 62.42 | 0 | 2.58 | 95.45 | 0 | 1.92 | 64.1 | 0 | 5.37 | 66.77 | 0 | 1.48 | 64.44 | 0 | 0.73 | 4.29 | 0 | 7.66 | 16.41 | 0 | 276.03 | -5.15 | 0 | 98.88 | -16.34 | 0 | 1.12 | 106.18 | 0 | 10.79 | -6.5 | 0 |
| 20Q2 (6) | 24.15 | 0 | 0 | 1.57 | 0 | 0 | 1.32 | 0 | 0 | 1.17 | 0 | 0 | 3.22 | 0 | 0 | 0.90 | 0 | 0 | 0.70 | 0 | 0 | 6.58 | 0 | 0 | 291.01 | 0 | 0 | 118.18 | 0 | 0 | -18.18 | 0 | 0 | 11.54 | 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) | 25.92 | 4.14 | 0.86 | 290.91 | 5.13 | -2.38 | 0.76 | 90.0 | 0.59 | 90.32 | 4.40 | 95.56 | 1.77 | 75.25 | 2.42 | -0.82 | 6.15 | 4.41 | 210.76 | 0.88 | 113.08 | 104.28 | -13.08 | 0 | 0.37 | 13.07 | 13.14 | 3.79 |
| 2022 (9) | 24.89 | -2.28 | 0.22 | -83.46 | 5.25 | -1.63 | 0.40 | -76.33 | 0.31 | -77.37 | 2.25 | -81.36 | 1.01 | -74.37 | 2.44 | -8.27 | 5.89 | -19.2 | 208.93 | 7.75 | 55.36 | -29.88 | 44.64 | 112.05 | 0.33 | 0 | 12.66 | 5.68 |
| 2021 (8) | 25.47 | 2.04 | 1.33 | -30.0 | 5.34 | 6.01 | 1.69 | -2.87 | 1.37 | -0.72 | 12.07 | -17.22 | 3.94 | 0.77 | 2.66 | 1.53 | 7.29 | 2.68 | 193.91 | -32.25 | 78.95 | -27.66 | 21.05 | 0 | 0.00 | 0 | 11.98 | 2.74 |
| 2020 (7) | 24.96 | 2.72 | 1.90 | 272.55 | 5.04 | -5.49 | 1.74 | 346.15 | 1.38 | 294.29 | 14.58 | 313.03 | 3.91 | 177.3 | 2.62 | -10.27 | 7.10 | 17.55 | 286.21 | -12.31 | 109.13 | -15.92 | -9.57 | 0 | 0.00 | 0 | 11.66 | -2.75 |
| 2019 (6) | 24.30 | -0.69 | 0.51 | -71.35 | 5.33 | 175.38 | 0.39 | -78.69 | 0.35 | -76.35 | 3.53 | -83.09 | 1.41 | -76.06 | 2.92 | -24.74 | 6.04 | 56.48 | 326.40 | 91.13 | 129.79 | 33.43 | -29.79 | 0 | 0.00 | 0 | 11.99 | 2.92 |
| 2018 (5) | 24.47 | 0.78 | 1.78 | 39.06 | 1.94 | -8.44 | 1.83 | 47.58 | 1.48 | 38.32 | 20.87 | -22.47 | 5.89 | 35.71 | 3.88 | 1.84 | 3.86 | 11.56 | 170.77 | -65.23 | 97.27 | -5.45 | 2.73 | 0 | 0.00 | 0 | 11.65 | -5.05 |
| 2017 (4) | 24.28 | 3.28 | 1.28 | -26.01 | 2.11 | 11.42 | 1.24 | -27.91 | 1.07 | -24.65 | 26.92 | -60.74 | 4.34 | -55.62 | 3.81 | -41.74 | 3.46 | -7.49 | 491.13 | -23.32 | 102.88 | 2.27 | -3.60 | 0 | 0.00 | 0 | 12.27 | 2.76 |
| 2016 (3) | 23.51 | 0 | 1.73 | 0 | 1.90 | 0 | 1.72 | 0 | 1.42 | 0 | 68.56 | 0 | 9.78 | 0 | 6.54 | 0 | 3.74 | 0 | 640.47 | 213390.0 | 100.60 | 0 | -0.60 | 0 | 0.00 | 0 | 11.94 | 0 |
| 2015 (2) | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.30 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 |
