- 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) | 4.74 | -17.99 | 38.19 | -0.03 | -102.11 | 96.84 | -0.17 | -115.45 | -230.77 | 0.14 | -57.58 | 40.0 | 0.07 | -56.25 | 16.67 | 0.34 | -17.07 | 25.93 | 0.20 | 5.26 | -16.67 | 6.96 | -20.91 | 13.54 | 137.70 | -6.27 | 11.32 | 18.75 | -85.42 | 102.63 | 78.12 | 377.62 | -90.4 | 9.28 | 7.28 | -2.83 |
| 23Q3 (19) | 5.78 | 48.97 | 20.17 | 1.42 | 261.36 | -18.39 | 1.10 | 46.67 | -47.37 | 0.33 | 371.43 | -56.58 | 0.16 | 433.33 | -71.93 | 0.41 | 17.14 | -8.89 | 0.19 | 5.56 | -34.48 | 8.80 | -4.45 | 30.76 | 146.91 | -2.15 | -0.85 | 128.64 | 209.62 | 55.17 | -28.14 | -112.95 | -264.62 | 8.65 | -7.88 | 9.36 |
| 23Q2 (18) | 3.88 | -2.76 | -17.27 | -0.88 | -49.15 | -200.0 | 0.75 | -57.39 | -45.65 | 0.07 | -90.67 | -81.08 | 0.03 | -91.43 | -86.36 | 0.35 | -20.45 | 40.0 | 0.18 | -10.0 | -25.0 | 9.21 | -0.86 | 33.67 | 150.14 | 2.84 | -4.8 | -117.36 | -249.77 | -283.48 | 217.36 | 62.75 | 503.11 | 9.39 | -5.72 | 5.98 |
| 23Q1 (17) | 3.99 | 16.33 | 2.57 | -0.59 | 37.89 | -296.67 | 1.76 | 1253.85 | 31.34 | 0.75 | 650.0 | -29.25 | 0.35 | 483.33 | -52.7 | 0.44 | 62.96 | 2.33 | 0.20 | -16.67 | -31.03 | 9.29 | 51.55 | 58.26 | 145.99 | 18.02 | -7.75 | -33.55 | 95.3 | -250.76 | 133.55 | -83.59 | 71.78 | 9.96 | 4.29 | 13.31 |
| 22Q4 (16) | 3.43 | -28.69 | -9.5 | -0.95 | -154.6 | -163.89 | 0.13 | -93.78 | -89.76 | 0.10 | -86.84 | -80.39 | 0.06 | -89.47 | -82.86 | 0.27 | -40.0 | -10.0 | 0.24 | -17.24 | -17.24 | 6.13 | -8.92 | -1.13 | 123.70 | -16.51 | 3.24 | -713.79 | -960.97 | -2382.05 | 813.79 | 4660.69 | 532.03 | 9.55 | 20.73 | -0.21 |
| 22Q3 (15) | 4.81 | 2.56 | 15.9 | 1.74 | 97.73 | 185.25 | 2.09 | 51.45 | 15.47 | 0.76 | 105.41 | -37.19 | 0.57 | 159.09 | -32.94 | 0.45 | 80.0 | -10.0 | 0.29 | 20.83 | 0.0 | 6.73 | -2.32 | -4.67 | 148.17 | -6.05 | -0.1 | 82.91 | 29.62 | 146.55 | 17.09 | -52.57 | -74.16 | 7.91 | -10.72 | -9.29 |
| 22Q2 (14) | 4.69 | 20.57 | 18.43 | 0.88 | 193.33 | 18.92 | 1.38 | 2.99 | -0.72 | 0.37 | -65.09 | -72.59 | 0.22 | -70.27 | -76.09 | 0.25 | -41.86 | -50.98 | 0.24 | -17.24 | -11.11 | 6.89 | 17.38 | -8.38 | 157.71 | -0.35 | 11.65 | 63.96 | 187.4 | 20.85 | 36.04 | -53.64 | -23.45 | 8.86 | 0.8 | 12.72 |
| 22Q1 (13) | 3.89 | 2.64 | 36.01 | 0.30 | 183.33 | 30.43 | 1.34 | 5.51 | 4.69 | 1.06 | 107.84 | -8.62 | 0.74 | 111.43 | -20.43 | 0.43 | 43.33 | -18.87 | 0.29 | 0.0 | -12.12 | 5.87 | -5.32 | -8.28 | 158.26 | 32.08 | -1.62 | 22.26 | 177.39 | 22.08 | 77.74 | -39.62 | -4.92 | 8.79 | -8.15 | 15.81 |
| 21Q4 (12) | 3.79 | -8.67 | -16.89 | -0.36 | -159.02 | -152.17 | 1.27 | -29.83 | -18.59 | 0.51 | -57.85 | -46.87 | 0.35 | -58.82 | -47.76 | 0.30 | -40.0 | -26.83 | 0.29 | 0.0 | 0.0 | 6.20 | -12.18 | -19.27 | 119.82 | -19.22 | -5.8 | -28.76 | -185.52 | -164.83 | 128.76 | 94.63 | 131.42 | 9.57 | 9.75 | 8.26 |
| 21Q3 (11) | 4.15 | 4.8 | 5.33 | 0.61 | -17.57 | -15.28 | 1.81 | 30.22 | 7.1 | 1.21 | -10.37 | -9.7 | 0.85 | -7.61 | -30.33 | 0.50 | -1.96 | -20.63 | 0.29 | 7.41 | -21.62 | 7.06 | -6.12 | 3.52 | 148.32 | 5.0 | -1.76 | 33.63 | -36.46 | -20.58 | 66.15 | 40.53 | 14.74 | 8.72 | 10.94 | 0 |
| 21Q2 (10) | 3.96 | 38.46 | -20.48 | 0.74 | 221.74 | -51.63 | 1.39 | 8.59 | -31.53 | 1.35 | 16.38 | 22.73 | 0.92 | -1.08 | 8.24 | 0.51 | -3.77 | -5.56 | 0.27 | -18.18 | -12.9 | 7.52 | 17.5 | -12.46 | 141.26 | -12.18 | -2.29 | 52.92 | 190.3 | -29.52 | 47.08 | -42.43 | 90.31 | 7.86 | 3.56 | 0 |
| 21Q1 (9) | 2.86 | -37.28 | -20.33 | 0.23 | -66.67 | -41.03 | 1.28 | -17.95 | 25.49 | 1.16 | 20.83 | 728.57 | 0.93 | 38.81 | 745.45 | 0.53 | 29.27 | 120.83 | 0.33 | 13.79 | 6.45 | 6.40 | -16.67 | -15.68 | 160.86 | 26.46 | 1.57 | 18.23 | -58.9 | -51.83 | 81.77 | 46.96 | 31.56 | 7.59 | -14.14 | 0.4 |
| 20Q4 (8) | 4.56 | 15.74 | 160.57 | 0.69 | -4.17 | 156.56 | 1.56 | -7.69 | 490.0 | 0.96 | -28.36 | 455.56 | 0.67 | -45.08 | 348.15 | 0.41 | -34.92 | 272.73 | 0.29 | -21.62 | -27.5 | 7.68 | 12.61 | 47.13 | 127.20 | -15.74 | -6.72 | 44.36 | 4.77 | -85.57 | 55.64 | -3.5 | 126.82 | 8.84 | 0 | 0 |
| 20Q3 (7) | 3.94 | -20.88 | -6.19 | 0.72 | -52.94 | -38.98 | 1.69 | -16.75 | 20.71 | 1.34 | 21.82 | 135.09 | 1.22 | 43.53 | 100.0 | 0.63 | 16.67 | 34.04 | 0.37 | 19.35 | -15.91 | 6.82 | -20.61 | -1.87 | 150.97 | 4.43 | -7.42 | 42.34 | -43.61 | -49.66 | 57.66 | 133.08 | 258.76 | 0.00 | 0 | -100.0 |
| 20Q2 (6) | 4.98 | 38.72 | 18.29 | 1.53 | 292.31 | 3160.0 | 2.03 | 99.02 | 314.29 | 1.10 | 685.71 | 197.3 | 0.85 | 672.73 | 203.57 | 0.54 | 125.0 | 63.64 | 0.31 | 0.0 | -6.06 | 8.59 | 13.18 | 3.25 | 144.57 | -8.71 | 13.63 | 75.09 | 98.4 | 845.51 | 24.74 | -60.2 | -77.38 | 0.00 | -100.0 | -100.0 |
| 20Q1 (5) | 3.59 | 105.14 | -7.71 | 0.39 | 131.97 | 2.63 | 1.02 | 355.0 | 39.73 | 0.14 | 151.85 | -36.36 | 0.11 | 140.74 | -38.89 | 0.24 | 118.18 | -11.11 | 0.31 | -22.5 | -16.22 | 7.59 | 45.4 | -4.05 | 158.37 | 16.13 | 21.34 | 37.85 | -87.69 | -27.49 | 62.15 | 129.96 | 30.01 | 7.56 | 0 | 1.48 |
| 19Q4 (4) | 1.75 | -58.33 | 0.0 | -1.22 | -203.39 | 0.0 | -0.40 | -128.57 | 0.0 | -0.27 | -147.37 | 0.0 | -0.27 | -144.26 | 0.0 | 0.11 | -76.6 | 0.0 | 0.40 | -9.09 | 0.0 | 5.22 | -24.89 | 0.0 | 136.37 | -16.37 | 0.0 | 307.48 | 265.58 | 0.0 | -207.48 | -1391.01 | 0.0 | 0.00 | -100.0 | 0.0 |
| 19Q3 (3) | 4.20 | -0.24 | 0.0 | 1.18 | 2460.0 | 0.0 | 1.40 | 185.71 | 0.0 | 0.57 | 54.05 | 0.0 | 0.61 | 117.86 | 0.0 | 0.47 | 42.42 | 0.0 | 0.44 | 33.33 | 0.0 | 6.95 | -16.47 | 0.0 | 163.07 | 28.17 | 0.0 | 84.11 | 935.06 | 0.0 | 16.07 | -85.3 | 0.0 | 7.06 | -8.19 | 0.0 |
| 19Q2 (2) | 4.21 | 8.23 | 0.0 | -0.05 | -113.16 | 0.0 | 0.49 | -32.88 | 0.0 | 0.37 | 68.18 | 0.0 | 0.28 | 55.56 | 0.0 | 0.33 | 22.22 | 0.0 | 0.33 | -10.81 | 0.0 | 8.32 | 5.18 | 0.0 | 127.23 | -2.52 | 0.0 | -10.07 | -119.3 | 0.0 | 109.35 | 128.74 | 0.0 | 7.69 | 3.22 | 0.0 |
| 19Q1 (1) | 3.89 | 0.0 | 0.0 | 0.38 | 0.0 | 0.0 | 0.73 | 0.0 | 0.0 | 0.22 | 0.0 | 0.0 | 0.18 | 0.0 | 0.0 | 0.27 | 0.0 | 0.0 | 0.37 | 0.0 | 0.0 | 7.91 | 0.0 | 0.0 | 130.52 | 0.0 | 0.0 | 52.19 | 0.0 | 0.0 | 47.81 | 0.0 | 0.0 | 7.45 | 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) | 4.62 | 9.22 | 0.01 | -98.25 | 5.52 | 31.37 | 0.85 | -34.62 | 0.32 | -46.67 | 0.61 | -61.88 | 1.65 | 5.1 | 0.82 | -31.67 | 8.54 | 33.23 | 137.70 | 11.32 | 0.84 | -98.07 | 99.16 | 75.97 | 0.10 | -19.45 | 9.31 | 6.64 |
| 2022 (9) | 4.23 | 15.57 | 0.57 | 90.0 | 4.20 | -10.74 | 1.30 | -9.09 | 0.60 | -43.4 | 1.60 | -47.37 | 1.57 | -21.11 | 1.20 | -6.25 | 6.41 | -5.46 | 123.70 | 3.24 | 43.65 | 105.05 | 56.35 | -28.41 | 0.12 | 46.62 | 8.73 | 4.05 |
| 2021 (8) | 3.66 | -13.88 | 0.30 | -63.86 | 4.70 | -12.46 | 1.43 | -9.49 | 1.06 | 17.78 | 3.04 | 7.42 | 1.99 | 2.58 | 1.28 | -5.88 | 6.78 | -11.14 | 119.82 | -5.8 | 21.29 | -59.42 | 78.71 | 65.37 | 0.08 | 1.36 | 8.39 | 7.7 |
| 2020 (7) | 4.25 | 22.48 | 0.83 | 822.22 | 5.37 | -6.04 | 1.58 | 177.19 | 0.90 | 309.09 | 2.83 | 245.12 | 1.94 | 59.02 | 1.36 | -15.53 | 7.63 | 9.31 | 127.20 | -6.72 | 52.46 | 229.97 | 47.60 | -43.4 | 0.08 | -25.45 | 7.79 | 6.71 |
| 2019 (6) | 3.47 | -6.47 | 0.09 | 0 | 5.72 | -10.94 | 0.57 | -6.56 | 0.22 | -31.25 | 0.82 | -16.33 | 1.22 | 8.93 | 1.61 | 18.38 | 6.98 | -9.23 | 136.37 | 8.69 | 15.90 | 0 | 84.10 | -34.6 | 0.11 | -15.06 | 7.30 | -12.78 |
| 2018 (5) | 3.71 | -47.23 | -0.18 | 0 | 6.42 | -17.89 | 0.61 | -80.07 | 0.32 | -85.65 | 0.98 | -86.33 | 1.12 | -69.97 | 1.36 | 7.94 | 7.69 | -34.89 | 125.47 | 1.81 | -28.59 | 0 | 128.59 | 533.48 | 0.13 | 19.23 | 8.37 | -11.33 |
| 2017 (4) | 7.03 | 92.08 | 2.44 | 0 | 7.82 | -20.1 | 3.06 | 0 | 2.23 | 0 | 7.17 | 0 | 3.73 | 0 | 1.26 | 43.18 | 11.81 | 21.63 | 123.24 | -37.8 | 79.70 | -47.08 | 20.30 | 0 | 0.11 | 0 | 9.44 | -15.71 |
| 2016 (3) | 3.66 | 0 | -2.10 | 0 | 9.79 | 24.07 | -1.39 | 0 | -1.69 | 0 | -4.94 | 0 | -0.58 | 0 | 0.88 | -3.3 | 9.71 | 0 | 198.12 | -25.38 | 150.60 | 72.47 | -50.60 | 0 | 0.00 | 0 | 11.20 | 7.9 |
| 2015 (2) | -5.41 | 0 | -15.12 | 0 | 7.89 | 29.5 | -17.32 | 0 | -16.54 | 0 | -51.69 | 0 | -14.20 | 0 | 0.91 | 7.06 | -8.28 | 0 | 265.49 | 14.97 | 87.32 | 246.27 | 12.68 | -83.08 | 0.00 | 0 | 10.38 | -1.89 |
| 2014 (1) | 8.09 | 0 | 0.11 | 0 | 6.09 | 51.57 | 0.44 | 0 | 0.44 | 0 | 1.25 | 0 | 1.15 | 0 | 0.85 | -25.44 | 7.77 | -25.29 | 230.92 | -2.53 | 25.22 | -77.53 | 74.96 | 0 | 0.00 | 0 | 10.58 | 21.19 |
