- 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) | -6.85 | -230.98 | -152.81 | -22.15 | -124.65 | -533.46 | -23.49 | -2873.42 | -502.92 | -23.39 | -789.35 | -511.07 | -9.10 | -712.5 | -212.35 | -3.86 | -841.46 | -252.57 | 0.17 | -5.56 | -59.52 | -17.71 | -530.9 | -331.5 | 134.18 | 3.71 | -32.96 | 94.29 | -92.46 | 7.6 | 5.71 | 100.5 | -53.81 | 18.88 | 2.39 | 77.28 |
| 23Q3 (19) | 5.23 | -49.07 | -55.38 | -9.86 | -1997.87 | -287.45 | -0.79 | -172.41 | -110.76 | -2.63 | -484.44 | -140.21 | -1.12 | -300.0 | -108.87 | -0.41 | -720.0 | -112.46 | 0.18 | -25.0 | -62.5 | 4.11 | 30.48 | -54.54 | 129.38 | -12.6 | -55.05 | 1250.00 | 525.0 | 1636.84 | -1150.00 | -2200.0 | -4094.74 | 18.44 | 27.79 | 90.5 |
| 23Q2 (18) | 10.27 | -24.04 | -10.38 | -0.47 | -108.64 | -108.41 | -0.29 | -105.05 | -115.93 | -0.45 | -109.38 | -137.82 | -0.28 | -106.42 | -113.66 | -0.05 | -103.11 | -107.94 | 0.24 | -22.58 | -46.67 | 3.15 | -61.86 | -12.5 | 148.03 | -17.44 | -54.41 | 200.00 | 109.52 | -35.63 | -50.00 | -1200.0 | 76.27 | 14.43 | 24.08 | 44.01 |
| 23Q1 (17) | 13.52 | 4.24 | 28.27 | 5.44 | 6.46 | 161.54 | 5.74 | -1.54 | 46.43 | 4.80 | -15.64 | 58.42 | 4.36 | -46.17 | 34.15 | 1.61 | -36.36 | 65.98 | 0.31 | -26.19 | 0.0 | 8.26 | 7.97 | 31.32 | 179.30 | -10.41 | -28.21 | 95.45 | 8.93 | 86.14 | 4.55 | -63.26 | -90.15 | 11.63 | 9.2 | -20.23 |
| 22Q4 (16) | 12.97 | 10.67 | 13.28 | 5.11 | -2.85 | 70.33 | 5.83 | -20.57 | -0.51 | 5.69 | -13.0 | 6.75 | 8.10 | -35.87 | 29.81 | 2.53 | -23.1 | 37.5 | 0.42 | -12.5 | 23.53 | 7.65 | -15.38 | -3.89 | 200.14 | -30.47 | -15.92 | 87.63 | 21.76 | 69.6 | 12.37 | -57.03 | -74.4 | 10.65 | 10.02 | -19.01 |
| 22Q3 (15) | 11.72 | 2.27 | -17.11 | 5.26 | -5.9 | -1.5 | 7.34 | 303.3 | 211.02 | 6.54 | 449.58 | 217.48 | 12.63 | 516.1 | 516.1 | 3.29 | 422.22 | 363.38 | 0.48 | 6.67 | 41.18 | 9.04 | 151.11 | 89.12 | 287.84 | -11.35 | 16.7 | 71.97 | -76.84 | -68.01 | 28.79 | 113.66 | 123.03 | 9.68 | -3.39 | -28.51 |
| 22Q2 (14) | 11.46 | 8.73 | -21.99 | 5.59 | 168.75 | 12.02 | 1.82 | -53.57 | -66.3 | 1.19 | -60.73 | -73.9 | 2.05 | -36.92 | -77.67 | 0.63 | -35.05 | -82.05 | 0.45 | 45.16 | -41.56 | 3.60 | -42.77 | -52.25 | 324.69 | 30.01 | 75.57 | 310.71 | 505.89 | 236.92 | -210.71 | -556.55 | -2809.18 | 10.02 | -31.28 | -17.53 |
| 22Q1 (13) | 10.54 | -7.95 | 0 | 2.08 | -30.67 | 0 | 3.92 | -33.11 | 0 | 3.03 | -43.15 | 0 | 3.25 | -47.92 | 0 | 0.97 | -47.28 | 0 | 0.31 | -8.82 | 0 | 6.29 | -20.98 | 0 | 249.75 | 4.92 | 0 | 51.28 | -0.74 | 0 | 46.15 | -4.51 | 0 | 14.58 | 10.87 | 0 |
| 21Q4 (12) | 11.45 | -19.02 | -24.77 | 3.00 | -43.82 | -31.82 | 5.86 | 148.31 | -15.56 | 5.33 | 158.74 | -11.46 | 6.24 | 204.39 | -34.52 | 1.84 | 159.15 | -58.28 | 0.34 | 0.0 | -53.42 | 7.96 | 66.53 | -15.86 | 238.04 | -3.49 | 69.32 | 51.67 | -77.04 | -18.46 | 48.33 | 138.67 | 31.94 | 13.15 | -2.88 | 7.88 |
| 21Q3 (11) | 14.14 | -3.74 | 0 | 5.34 | 7.01 | 0 | 2.36 | -56.3 | 0 | 2.06 | -54.82 | 0 | 2.05 | -77.67 | 0 | 0.71 | -79.77 | 0 | 0.34 | -55.84 | 0 | 4.78 | -36.6 | 0 | 246.66 | 33.37 | 0 | 225.00 | 143.98 | 0 | -125.00 | -1707.14 | 0 | 13.54 | 11.44 | 0 |
| 21Q2 (10) | 14.69 | 0 | -7.44 | 4.99 | 0 | 12.64 | 5.40 | 0 | 10.2 | 4.56 | 0 | 0.44 | 9.18 | 0 | 50.74 | 3.51 | 0 | 11.08 | 0.77 | 0 | 11.59 | 7.54 | 0 | 6.95 | 184.94 | 0 | 100.78 | 92.22 | 0 | 1.29 | 7.78 | 0 | -25.56 | 12.15 | 0 | 5.93 |
| 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) | 8.01 | -32.18 | -3.15 | 0 | 3.21 | 116.4 | -1.57 | 0 | -2.30 | 0 | -5.47 | 0 | -1.74 | 0 | 0.88 | -48.54 | 2.13 | -68.63 | 134.18 | -32.96 | 200.00 | 106.27 | -100.00 | 0 | 0.08 | 4.14 | 14.72 | 35.79 |
| 2022 (9) | 11.81 | -13.29 | 4.78 | 6.22 | 1.48 | -28.44 | 4.93 | 2.49 | 4.34 | 3.58 | 23.46 | 37.19 | 7.89 | 33.5 | 1.71 | 22.14 | 6.79 | -2.72 | 200.14 | -15.92 | 96.96 | 3.67 | 3.04 | -53.01 | 0.08 | -24.02 | 10.84 | -15.11 |
| 2021 (8) | 13.62 | -12.36 | 4.50 | 2.04 | 2.07 | -8.65 | 4.81 | -19.16 | 4.19 | -20.94 | 17.10 | 4.52 | 5.91 | -22.03 | 1.40 | -1.41 | 6.98 | -15.8 | 238.04 | 69.32 | 93.53 | 25.7 | 6.47 | -74.72 | 0.10 | -33.92 | 12.77 | 7.85 |
| 2020 (7) | 15.54 | 19.81 | 4.41 | 67.05 | 2.27 | -19.4 | 5.95 | -24.59 | 5.30 | -31.79 | 16.36 | -16.91 | 7.58 | -12.06 | 1.42 | 32.71 | 8.29 | -25.72 | 140.59 | 45.45 | 74.40 | 121.99 | 25.60 | -61.5 | 0.15 | 0 | 11.84 | -15.25 |
| 2019 (6) | 12.97 | 54.96 | 2.64 | 0 | 2.81 | 37.78 | 7.89 | 0 | 7.77 | 0 | 19.69 | 0 | 8.62 | 0 | 1.07 | -13.71 | 11.16 | 0 | 96.66 | -47.84 | 33.52 | -54.07 | 66.48 | 141.96 | 0.00 | 0 | 13.97 | 4.8 |
| 2018 (5) | 8.37 | 14.34 | -5.08 | 0 | 2.04 | 42.69 | -6.98 | 0 | -7.22 | 0 | -24.06 | 0 | -8.63 | 0 | 1.24 | -1.59 | -4.55 | 0 | 185.32 | 18.22 | 72.97 | 337.84 | 27.48 | -67.34 | 0.00 | 0 | 13.33 | 15.01 |
| 2017 (4) | 7.32 | -24.69 | 0.50 | -87.31 | 1.43 | 45.9 | 3.06 | -20.31 | 2.71 | -23.45 | 9.27 | -39.77 | 3.78 | -40.57 | 1.26 | -25.0 | 4.90 | -5.04 | 156.76 | -14.4 | 16.67 | -83.75 | 84.13 | 0 | 0.00 | 0 | 11.59 | 16.72 |
| 2016 (3) | 9.72 | -20.85 | 3.94 | -15.99 | 0.98 | 8.78 | 3.84 | -31.43 | 3.54 | -30.45 | 15.39 | -21.88 | 6.36 | -31.24 | 1.68 | -7.18 | 5.16 | -21.58 | 183.13 | 45.57 | 102.55 | 22.27 | -2.55 | 0 | 0.00 | 0 | 9.93 | -1.0 |
| 2015 (2) | 12.28 | 0 | 4.69 | 0 | 0.90 | 0 | 5.60 | 0 | 5.09 | 0 | 19.70 | 0 | 9.25 | 0 | 1.81 | 0 | 6.58 | 0 | 125.80 | 0 | 83.87 | 0 | 16.13 | 0 | 0.00 | 0 | 10.03 | 0 |
