- 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) | 22.05 | 6.78 | 118.75 | 9.17 | 123.11 | 224.93 | -9.38 | -129.46 | 63.0 | -7.23 | -128.17 | 64.44 | -1.41 | -128.95 | 55.66 | -0.81 | -126.21 | 53.98 | 0.12 | 0.0 | 33.33 | -5.24 | -114.58 | 71.58 | 55.62 | -2.64 | -20.09 | -100.00 | -866.67 | -446.15 | 200.00 | 130.0 | 181.25 | 25.52 | -6.0 | -16.68 |
| 23Q3 (19) | 20.65 | 26.07 | 51.39 | 4.11 | 295.71 | 257.39 | 31.84 | 61.22 | 27.11 | 25.67 | 69.66 | 26.52 | 4.87 | 107.23 | -3.18 | 3.09 | 107.38 | 7.29 | 0.12 | 33.33 | -14.29 | 35.94 | 42.96 | 24.88 | 57.13 | -18.14 | -22.86 | 13.04 | 214.13 | 204.35 | 86.96 | -19.91 | -9.15 | 27.15 | -11.82 | 22.35 |
| 23Q2 (18) | 16.38 | 18.44 | 0.8 | -2.10 | 4.11 | -145.26 | 19.75 | 785.65 | 52.51 | 15.13 | 754.8 | 48.33 | 2.35 | 710.34 | -20.07 | 1.49 | 413.79 | -11.31 | 0.09 | -10.0 | -43.75 | 25.14 | 237.45 | 54.33 | 69.79 | 3.39 | -19.09 | -11.43 | 88.57 | -131.24 | 108.57 | -45.71 | 71.21 | 30.79 | 6.39 | 50.42 |
| 23Q1 (17) | 13.83 | 37.2 | 39.56 | -2.19 | 70.16 | 68.31 | 2.23 | 108.8 | -83.81 | 1.77 | 108.71 | -83.94 | 0.29 | 109.12 | -87.17 | 0.29 | 116.48 | -77.86 | 0.10 | 11.11 | -9.09 | 7.45 | 140.4 | -59.49 | 67.50 | -3.02 | -16.71 | -100.00 | -446.15 | -106.67 | 200.00 | 181.25 | 34.78 | 28.94 | -5.52 | -1.56 |
| 22Q4 (16) | 10.08 | -26.1 | -20.69 | -7.34 | -738.26 | -349.66 | -25.35 | -201.2 | -2128.0 | -20.33 | -200.2 | -2153.54 | -3.18 | -163.22 | -1614.29 | -1.76 | -161.11 | -1077.78 | 0.09 | -35.71 | -25.0 | -18.44 | -164.07 | -453.26 | 69.60 | -6.02 | -14.29 | 28.89 | 574.07 | -87.62 | 71.11 | -25.7 | 153.33 | 30.63 | 38.04 | 20.92 |
| 22Q3 (15) | 13.64 | -16.06 | -36.56 | 1.15 | -75.22 | -85.84 | 25.05 | 93.44 | 148.51 | 20.29 | 98.92 | 152.36 | 5.03 | 71.09 | 150.25 | 2.88 | 71.43 | 146.15 | 0.14 | -12.5 | 0.0 | 28.78 | 76.67 | 110.23 | 74.06 | -14.14 | -10.24 | 4.29 | -88.29 | -94.49 | 95.71 | 50.93 | 416.86 | 22.19 | 8.4 | 0.0 |
| 22Q2 (14) | 16.25 | 63.98 | -31.95 | 4.64 | 167.15 | -57.2 | 12.95 | -5.95 | 173.78 | 10.20 | -7.44 | 169.13 | 2.94 | 30.09 | 250.0 | 1.68 | 28.24 | 216.98 | 0.16 | 45.45 | 33.33 | 16.29 | -11.42 | 76.87 | 86.26 | 6.44 | 6.0 | 36.59 | 175.61 | -83.9 | 63.41 | -57.26 | 149.83 | 20.47 | -30.37 | -18.58 |
| 22Q1 (13) | 9.91 | -22.03 | -35.52 | -6.91 | -335.03 | -2482.76 | 13.77 | 1001.6 | 3178.57 | 11.02 | 1013.13 | 3343.75 | 2.26 | 976.19 | 3666.67 | 1.31 | 627.78 | 1210.0 | 0.11 | -8.33 | 10.0 | 18.39 | 252.3 | 197.57 | 81.04 | -0.2 | 1.8 | -48.39 | -120.74 | -148.39 | 148.39 | 211.29 | 0 | 29.40 | 16.07 | 13.91 |
| 21Q4 (12) | 12.71 | -40.88 | 330.67 | 2.94 | -63.79 | 114.09 | 1.25 | -87.6 | 105.09 | 0.99 | -87.69 | 105.15 | 0.21 | -89.55 | 105.83 | 0.18 | -84.62 | 109.38 | 0.12 | -14.29 | 20.0 | 5.22 | -61.87 | 127.84 | 81.20 | -1.59 | -3.18 | 233.33 | 200.0 | 174.17 | -133.33 | -820.0 | -995.24 | 25.33 | 14.15 | -7.35 |
| 21Q3 (11) | 21.50 | -9.97 | 9447.83 | 8.12 | -25.09 | 140.28 | 10.08 | 113.11 | 134.83 | 8.04 | 112.14 | 133.71 | 2.01 | 139.29 | 156.3 | 1.17 | 120.75 | 159.69 | 0.14 | 16.67 | 55.56 | 13.69 | 48.64 | 162.2 | 82.51 | 1.39 | 6.55 | 77.78 | -65.78 | 11.81 | 18.52 | 114.55 | -39.15 | 22.19 | -11.73 | -29.98 |
| 21Q2 (10) | 23.88 | 55.37 | 107.47 | 10.84 | 3637.93 | 236.7 | 4.73 | 1026.19 | 123.14 | 3.79 | 1084.38 | 123.17 | 0.84 | 1300.0 | 133.47 | 0.53 | 430.0 | 136.55 | 0.12 | 20.0 | 33.33 | 9.21 | 49.03 | 165.23 | 81.38 | 2.22 | 8.68 | 227.27 | 127.27 | 468.18 | -127.27 | 0 | -312.12 | 25.14 | -2.6 | 0 |
| 21Q1 (9) | 15.37 | 378.95 | 389.45 | 0.29 | 101.39 | 101.07 | 0.42 | 101.71 | 102.17 | 0.32 | 101.67 | 102.06 | 0.06 | 101.67 | 103.28 | 0.10 | 105.21 | 109.43 | 0.10 | 0.0 | 42.86 | 6.18 | 132.96 | 164.64 | 79.61 | -5.08 | 34.16 | 100.00 | 17.5 | -29.73 | 0.00 | -100.0 | 100.0 | 25.81 | -5.6 | -25.43 |
| 20Q4 (8) | -5.51 | -2295.65 | -138.97 | -20.86 | -3.47 | -847.67 | -24.54 | 15.2 | -57.81 | -19.21 | 19.45 | -56.05 | -3.60 | -0.84 | -87.5 | -1.92 | 2.04 | -72.97 | 0.10 | 11.11 | 0.0 | -18.75 | 14.81 | -102.92 | 83.87 | 8.3 | 27.17 | 85.11 | 22.34 | 593.62 | 14.89 | -51.06 | -87.3 | 27.34 | -13.73 | -1.48 |
| 20Q3 (7) | -0.23 | -102.0 | 95.96 | -20.16 | -154.22 | -0.15 | -28.94 | -41.59 | -89.65 | -23.85 | -45.78 | -95.17 | -3.57 | -42.23 | -65.28 | -1.96 | -35.17 | -53.12 | 0.09 | 0.0 | -18.18 | -22.01 | -55.88 | -122.1 | 77.44 | 3.42 | 23.96 | 69.57 | 73.91 | -48.23 | 30.43 | -49.28 | 197.39 | 31.69 | 0 | 36.24 |
| 20Q2 (6) | 11.51 | 316.76 | -15.99 | -7.93 | 70.71 | -43.92 | -20.44 | -5.8 | -669.36 | -16.36 | -5.48 | -672.03 | -2.51 | -37.16 | -743.59 | -1.45 | -36.79 | -583.33 | 0.09 | 28.57 | 0.0 | -14.12 | -47.7 | -231.84 | 74.88 | 26.19 | 21.82 | 40.00 | -71.89 | 126.67 | 60.00 | 241.82 | -76.0 | 0.00 | -100.0 | -100.0 |
| 20Q1 (5) | -5.31 | -137.55 | -148.72 | -27.07 | -1070.25 | -293.46 | -19.32 | -24.24 | -2012.87 | -15.51 | -26.0 | -2038.75 | -1.83 | 4.69 | -1930.0 | -1.06 | 4.5 | -1063.64 | 0.07 | -30.0 | -12.5 | -9.56 | -3.46 | -205.17 | 59.34 | -10.02 | 10.44 | 142.31 | 925.38 | 125.87 | -42.31 | -136.09 | -107.05 | 34.61 | 24.72 | 15.56 |
| 19Q4 (4) | 14.14 | 348.51 | 0.0 | 2.79 | 113.86 | 0.0 | -15.55 | -1.9 | 0.0 | -12.31 | -0.74 | 0.0 | -1.92 | 11.11 | 0.0 | -1.11 | 13.28 | 0.0 | 0.10 | -9.09 | 0.0 | -9.24 | 6.76 | 0.0 | 65.95 | 5.57 | 0.0 | -17.24 | -112.83 | 0.0 | 117.24 | 475.17 | 0.0 | 27.75 | 19.3 | 0.0 |
| 19Q3 (3) | -5.69 | -141.53 | 0.0 | -20.13 | -265.34 | 0.0 | -15.26 | -525.07 | 0.0 | -12.22 | -527.27 | 0.0 | -2.16 | -653.85 | 0.0 | -1.28 | -526.67 | 0.0 | 0.11 | 22.22 | 0.0 | -9.91 | -192.53 | 0.0 | 62.47 | 1.63 | 0.0 | 134.38 | 189.58 | 0.0 | -31.25 | -112.5 | 0.0 | 23.26 | -18.04 | 0.0 |
| 19Q2 (2) | 13.70 | 25.69 | 0.0 | -5.51 | 19.91 | 0.0 | 3.59 | 255.45 | 0.0 | 2.86 | 257.5 | 0.0 | 0.39 | 290.0 | 0.0 | 0.30 | 172.73 | 0.0 | 0.09 | 12.5 | 0.0 | 10.71 | 17.82 | 0.0 | 61.47 | 14.41 | 0.0 | -150.00 | 72.73 | 0.0 | 250.00 | -58.33 | 0.0 | 28.38 | -5.24 | 0.0 |
| 19Q1 (1) | 10.90 | 0.0 | 0.0 | -6.88 | 0.0 | 0.0 | 1.01 | 0.0 | 0.0 | 0.80 | 0.0 | 0.0 | 0.10 | 0.0 | 0.0 | 0.11 | 0.0 | 0.0 | 0.08 | 0.0 | 0.0 | 9.09 | 0.0 | 0.0 | 53.73 | 0.0 | 0.0 | -550.00 | 0.0 | 0.0 | 600.00 | 0.0 | 0.0 | 29.95 | 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) | 18.53 | 42.65 | 2.73 | 0 | 3.46 | 7.4 | 10.68 | 10.79 | 8.52 | 10.22 | 5.99 | -13.81 | 4.10 | -4.43 | 0.43 | -15.69 | 15.33 | 10.29 | 55.62 | -20.09 | 25.58 | 0 | 74.42 | -33.23 | 0.00 | 0 | 27.89 | 12.51 |
| 2022 (9) | 12.99 | -30.31 | -1.09 | 0 | 3.22 | -6.55 | 9.64 | 111.87 | 7.73 | 112.95 | 6.95 | 122.76 | 4.29 | 117.77 | 0.51 | 8.51 | 13.90 | 54.27 | 69.60 | -14.29 | -11.46 | 0 | 111.46 | 0 | 0.00 | 0 | 24.79 | 1.35 |
| 2021 (8) | 18.64 | 8372.73 | 5.93 | 0 | 3.45 | -41.91 | 4.55 | 0 | 3.63 | 0 | 3.12 | 0 | 1.97 | 0 | 0.47 | 34.29 | 9.01 | 0 | 81.20 | -3.18 | 129.27 | 63.17 | -29.27 | 0 | 0.15 | 41.44 | 24.46 | -19.06 |
| 2020 (7) | 0.22 | -97.07 | -18.62 | 0 | 5.94 | 9.28 | -23.46 | 0 | -18.83 | 0 | -11.38 | 0 | -6.28 | 0 | 0.35 | -2.78 | -16.44 | 0 | 83.87 | 27.17 | 79.22 | -26.34 | 20.78 | 0 | 0.11 | 4.65 | 30.22 | 12.68 |
| 2019 (6) | 7.50 | -40.94 | -7.98 | 0 | 5.43 | 36.43 | -7.44 | 0 | -5.92 | 0 | -3.49 | 0 | -1.94 | 0 | 0.36 | -37.93 | -0.97 | 0 | 65.95 | 14.66 | 107.55 | 226.48 | -7.55 | 0 | 0.10 | 106.92 | 26.82 | 24.92 |
| 2018 (5) | 12.70 | -27.35 | 2.59 | -60.52 | 3.98 | -14.86 | 7.91 | 778.89 | 7.59 | 1846.15 | 6.47 | 2056.67 | 4.50 | 1400.0 | 0.58 | -6.45 | 12.22 | 115.52 | 57.52 | 50.69 | 32.94 | -95.51 | 67.06 | 0 | 0.05 | 0 | 21.47 | 1.61 |
| 2017 (4) | 17.48 | 38.84 | 6.56 | 0 | 4.68 | -44.83 | 0.90 | 0 | 0.39 | 0 | 0.30 | 0 | 0.30 | 0 | 0.62 | 51.22 | 5.67 | -9.71 | 38.17 | 131.19 | 733.33 | 307.41 | -633.33 | 0 | 0.00 | 0 | 21.13 | -20.23 |
| 2016 (3) | 12.59 | -21.41 | -4.23 | 0 | 8.48 | 14.0 | -2.34 | 0 | -2.08 | 0 | -1.00 | 0 | -0.86 | 0 | 0.41 | -12.77 | 6.28 | -61.43 | 16.51 | 1.79 | 180.00 | 440.0 | -80.00 | 0 | 0.00 | 0 | 26.49 | 17.68 |
| 2015 (2) | 16.02 | -45.12 | 2.96 | -75.58 | 7.44 | 83.47 | 8.79 | -42.92 | 7.92 | -39.63 | 4.49 | -62.58 | 3.75 | -62.04 | 0.47 | -37.33 | 16.28 | -17.11 | 16.22 | -35.61 | 33.33 | -57.42 | 65.22 | 207.45 | 0.00 | 0 | 22.51 | 32.18 |
| 2014 (1) | 29.19 | 0 | 12.12 | 0 | 4.05 | -7.36 | 15.40 | 0 | 13.12 | 0 | 12.00 | 0 | 9.88 | 0 | 0.75 | 17.19 | 19.64 | -32.74 | 25.19 | 25.51 | 78.28 | -8.17 | 21.21 | 43.83 | 0.00 | 0 | 17.03 | -8.88 |
