- 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) | 5.08 | 0.59 | -42.53 | 1.59 | 18.66 | -63.95 | 1.75 | -22.91 | -65.42 | 2.03 | 3.05 | -48.35 | 0.56 | 1.82 | -30.86 | 0.40 | -2.44 | -33.33 | 0.17 | -5.56 | 21.43 | 3.30 | -5.44 | -47.12 | 62.00 | 0.36 | 60.54 | 92.31 | 56.92 | 5.77 | 7.69 | -81.32 | -39.56 | 7.51 | 2.04 | -0.4 |
| 23Q3 (19) | 5.05 | -45.05 | 92.02 | 1.34 | -77.67 | 13300.0 | 2.27 | -65.86 | 1161.11 | 1.97 | -70.42 | 4040.0 | 0.55 | -68.02 | 2850.0 | 0.41 | -67.97 | 1950.0 | 0.18 | -5.26 | -10.0 | 3.49 | -55.77 | 252.53 | 61.78 | 55.46 | 30.59 | 58.82 | -34.64 | 0 | 41.18 | 311.76 | -58.82 | 7.36 | 4.99 | 43.47 |
| 23Q2 (18) | 9.19 | 121.45 | 149.73 | 6.00 | 176.05 | 2035.48 | 6.65 | 184.93 | 504.55 | 6.66 | 182.12 | 529.68 | 1.72 | 209.55 | 621.21 | 1.28 | 215.32 | 709.52 | 0.19 | 35.71 | 26.67 | 7.89 | 219.73 | 257.01 | 39.74 | 10.21 | -8.03 | 90.00 | -10.0 | 490.0 | 10.00 | 900.0 | -91.88 | 7.01 | -20.7 | 7.85 |
| 23Q1 (17) | 4.15 | -53.05 | -12.26 | -7.89 | -278.91 | -381.1 | -7.83 | -254.74 | -451.41 | -8.11 | -306.36 | -426.62 | -1.57 | -293.83 | -503.85 | -1.11 | -285.0 | -640.0 | 0.14 | 0.0 | 16.67 | -6.59 | -205.61 | -5890.91 | 36.06 | -6.63 | -17.82 | 100.00 | 14.58 | -13.33 | -1.25 | -109.82 | 91.88 | 8.84 | 17.24 | 10.5 |
| 22Q4 (16) | 8.84 | 236.12 | 28.12 | 4.41 | 44000.0 | 223.88 | 5.06 | 2711.11 | 228.43 | 3.93 | 7960.0 | 191.61 | 0.81 | 4150.0 | 194.19 | 0.60 | 2900.0 | 207.14 | 0.14 | -30.0 | 0.0 | 6.24 | 530.3 | 314.43 | 38.62 | -18.37 | -18.93 | 87.27 | 0 | -3.54 | 12.73 | -87.27 | 33.64 | 7.54 | 46.98 | 26.3 |
| 22Q3 (15) | 2.63 | -28.53 | -64.51 | 0.01 | 103.23 | -99.64 | 0.18 | -83.64 | -95.16 | -0.05 | 96.77 | -102.36 | -0.02 | 93.94 | -104.55 | 0.02 | 109.52 | -93.94 | 0.20 | 33.33 | 42.86 | 0.99 | -55.2 | -78.66 | 47.31 | 9.49 | -0.78 | 0.00 | 100.0 | -100.0 | 100.00 | -18.75 | 290.91 | 5.13 | -21.08 | 11.76 |
| 22Q2 (14) | 3.68 | -22.2 | -57.46 | -0.31 | 81.1 | -106.9 | 1.10 | 177.46 | -75.5 | -1.55 | -0.65 | -141.44 | -0.33 | -26.92 | -156.9 | -0.21 | -40.0 | -150.0 | 0.15 | 25.0 | 36.36 | 2.21 | 2109.09 | -59.89 | 43.21 | -1.53 | 6.69 | -23.08 | -120.0 | -123.08 | 123.08 | 900.0 | 0 | 6.50 | -18.75 | -8.84 |
| 22Q1 (13) | 4.73 | -31.45 | -66.41 | -1.64 | 53.93 | -122.94 | -1.42 | 63.96 | -119.48 | -1.54 | 64.1 | -135.08 | -0.26 | 69.77 | -161.9 | -0.15 | 73.21 | -151.72 | 0.12 | -14.29 | 100.0 | -0.11 | 96.22 | -101.24 | 43.88 | -7.89 | -9.49 | 115.38 | 27.53 | 18.42 | -15.38 | -261.54 | -700.0 | 8.00 | 34.0 | -30.01 |
| 21Q4 (12) | 6.90 | -6.88 | 150.88 | -3.56 | -228.52 | 90.37 | -3.94 | -205.91 | 91.26 | -4.29 | -302.36 | 91.73 | -0.86 | -295.45 | 87.05 | -0.56 | -269.7 | 87.56 | 0.14 | 0.0 | 55.56 | -2.91 | -162.72 | 93.3 | 47.64 | -0.08 | -3.47 | 90.48 | 21.58 | 10.43 | 9.52 | -62.77 | -47.3 | 5.97 | 30.07 | 0.17 |
| 21Q3 (11) | 7.41 | -14.34 | 131.93 | 2.77 | -38.31 | 102.76 | 3.72 | -17.15 | 103.69 | 2.12 | -43.32 | 102.31 | 0.44 | -24.14 | 105.24 | 0.33 | -21.43 | 106.07 | 0.14 | 27.27 | 133.33 | 4.64 | -15.79 | 104.73 | 47.68 | 17.73 | 6.67 | 74.42 | -25.58 | -25.32 | 25.58 | 0 | 7177.91 | 4.59 | -35.62 | -58.98 |
| 21Q2 (10) | 8.65 | -38.57 | -79.75 | 4.49 | -37.2 | -88.96 | 4.49 | -38.41 | -88.87 | 3.74 | -14.81 | -90.45 | 0.58 | 38.1 | -98.33 | 0.42 | 44.83 | -97.87 | 0.11 | 83.33 | -78.0 | 5.51 | -37.95 | -86.58 | 40.50 | -16.46 | -32.13 | 100.00 | 2.63 | -0.81 | 0.00 | -100.0 | 100.0 | 7.13 | -37.62 | 0 |
| 21Q1 (9) | 14.08 | 203.83 | 232.08 | 7.15 | 119.35 | 907.04 | 7.29 | 116.17 | 5975.0 | 4.39 | 108.47 | 7216.67 | 0.42 | 106.33 | 4100.0 | 0.29 | 106.44 | 262.5 | 0.06 | -33.33 | -40.0 | 8.88 | 120.45 | 360.1 | 48.48 | -1.76 | -54.27 | 97.44 | 18.93 | -86.08 | 2.56 | -85.81 | 100.43 | 11.43 | 91.78 | 49.02 |
| 20Q4 (8) | -13.56 | 41.58 | -452.21 | -36.95 | 63.19 | -13785.19 | -45.09 | 55.23 | -45190.0 | -51.85 | 43.62 | -3551.41 | -6.64 | 20.86 | -1480.95 | -4.50 | 17.28 | -3990.91 | 0.09 | 50.0 | -30.77 | -43.42 | 55.72 | -2700.0 | 49.35 | 10.4 | -55.25 | 81.93 | -17.78 | -72.69 | 18.07 | 5041.57 | 109.04 | 5.96 | -46.74 | 0 |
| 20Q3 (7) | -23.21 | -154.34 | -547.21 | -100.37 | -346.79 | -8065.87 | -100.71 | -349.65 | -4422.32 | -91.96 | -334.77 | -4437.74 | -8.39 | -124.1 | -1498.33 | -5.44 | -127.63 | -1800.0 | 0.06 | -88.0 | -45.45 | -98.05 | -338.8 | -2138.46 | 44.70 | -25.09 | -69.62 | 99.65 | -1.16 | 85.06 | 0.35 | 143.19 | -99.24 | 11.19 | 0 | 30.72 |
| 20Q2 (6) | 42.71 | 907.31 | 1070.14 | 40.67 | 5628.17 | 135666.67 | 40.34 | 33516.67 | 5271.79 | 39.17 | 65183.33 | 4708.24 | 34.81 | 348000.0 | 14024.0 | 19.69 | 24512.5 | 197000.0 | 0.50 | 400.0 | 354.55 | 41.06 | 2027.46 | 2072.49 | 59.67 | -43.72 | -62.37 | 100.81 | -85.6 | 0 | -0.81 | 99.86 | -100.92 | 0.00 | -100.0 | -100.0 |
| 20Q1 (5) | 4.24 | 10.13 | 29.27 | 0.71 | 162.96 | 157.72 | 0.12 | 20.0 | 104.8 | 0.06 | 104.23 | 102.91 | 0.01 | 102.38 | 102.27 | 0.08 | 172.73 | 214.29 | 0.10 | -23.08 | 25.0 | 1.93 | 15.57 | 30.41 | 106.02 | -3.87 | -29.49 | 700.00 | 133.33 | 1300.0 | -600.00 | -200.0 | -1300.0 | 7.67 | 0 | -37.54 |
| 19Q4 (4) | 3.85 | -25.82 | 0.0 | 0.27 | -78.57 | 0.0 | 0.10 | -95.71 | 0.0 | -1.42 | -166.98 | 0.0 | -0.42 | -170.0 | 0.0 | -0.11 | -134.38 | 0.0 | 0.13 | 18.18 | 0.0 | 1.67 | -65.28 | 0.0 | 110.29 | -25.04 | 0.0 | 300.00 | 457.14 | 0.0 | -200.00 | -533.33 | 0.0 | 0.00 | -100.0 | 0.0 |
| 19Q3 (3) | 5.19 | 42.19 | 0.0 | 1.26 | 4300.0 | 0.0 | 2.33 | 398.72 | 0.0 | 2.12 | 349.41 | 0.0 | 0.60 | 340.0 | 0.0 | 0.32 | 3300.0 | 0.0 | 0.11 | 0.0 | 0.0 | 4.81 | 154.5 | 0.0 | 147.14 | -7.2 | 0.0 | 53.85 | 0 | 0.0 | 46.15 | -48.08 | 0.0 | 8.56 | 0.0 | 0.0 |
| 19Q2 (2) | 3.65 | 11.28 | 0.0 | -0.03 | 97.56 | 0.0 | -0.78 | 68.8 | 0.0 | -0.85 | 58.74 | 0.0 | -0.25 | 43.18 | 0.0 | -0.01 | 85.71 | 0.0 | 0.11 | 37.5 | 0.0 | 1.89 | 27.7 | 0.0 | 158.56 | 5.45 | 0.0 | 0.00 | -100.0 | 0.0 | 88.89 | 77.78 | 0.0 | 8.56 | -30.29 | 0.0 |
| 19Q1 (1) | 3.28 | 0.0 | 0.0 | -1.23 | 0.0 | 0.0 | -2.50 | 0.0 | 0.0 | -2.06 | 0.0 | 0.0 | -0.44 | 0.0 | 0.0 | -0.07 | 0.0 | 0.0 | 0.08 | 0.0 | 0.0 | 1.48 | 0.0 | 0.0 | 150.37 | 0.0 | 0.0 | 50.00 | 0.0 | 0.0 | 50.00 | 0.0 | 0.0 | 12.28 | 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) | 5.94 | 25.05 | 0.84 | 29.23 | 0.97 | 21.61 | 1.32 | 5.6 | 1.26 | 447.83 | 1.26 | 530.0 | 1.00 | 300.0 | 0.67 | 9.84 | 2.62 | 13.42 | 62.00 | 60.54 | 64.29 | 24.29 | 37.14 | -23.06 | 0.06 | -16.27 | 7.60 | 15.5 |
| 2022 (9) | 4.75 | -44.38 | 0.65 | -66.84 | 0.80 | -6.94 | 1.25 | -42.4 | 0.23 | -75.79 | 0.20 | -68.25 | 0.25 | -48.98 | 0.61 | 35.56 | 2.31 | -29.36 | 38.62 | -18.93 | 51.72 | -43.18 | 48.28 | 370.69 | 0.07 | 166.25 | 6.58 | -0.45 |
| 2021 (8) | 8.54 | -67.68 | 1.96 | -87.79 | 0.86 | 119.77 | 2.17 | -85.42 | 0.95 | -93.25 | 0.63 | -96.84 | 0.49 | -95.81 | 0.45 | -43.75 | 3.27 | -79.54 | 47.64 | -3.47 | 91.03 | -15.63 | 10.26 | 0 | 0.03 | -46.62 | 6.61 | 46.56 |
| 2020 (7) | 26.42 | 555.58 | 16.05 | 9931.25 | 0.39 | -72.08 | 14.88 | 0 | 14.07 | 0 | 19.94 | 0 | 11.69 | 8892.31 | 0.80 | 81.82 | 15.98 | 546.96 | 49.35 | -55.25 | 107.89 | 0 | -7.89 | 0 | 0.05 | -23.82 | 4.51 | -49.78 |
| 2019 (6) | 4.03 | 385.54 | 0.16 | 0 | 1.40 | -27.23 | -0.05 | 0 | -0.48 | 0 | -0.50 | 0 | 0.13 | 0 | 0.44 | 4.76 | 2.47 | 1443.75 | 110.29 | -30.3 | -350.00 | 0 | 450.00 | 0 | 0.06 | 0 | 8.98 | -18.95 |
| 2018 (5) | 0.83 | 0 | -3.48 | 0 | 1.93 | -12.81 | -2.77 | 0 | -1.82 | 0 | -1.78 | 0 | -0.45 | 0 | 0.42 | -4.55 | 0.16 | 0 | 158.24 | 43.36 | 126.42 | 32.43 | -25.47 | 0 | 0.00 | 0 | 11.08 | -10.06 |
| 2017 (4) | -6.50 | 0 | -10.62 | 0 | 2.21 | 12.77 | -11.11 | 0 | -9.45 | 0 | -8.47 | 0 | -3.89 | 0 | 0.44 | -10.2 | -8.03 | 0 | 110.38 | 15.27 | 95.45 | -18.75 | 4.31 | 0 | 0.00 | 0 | 12.32 | 17.89 |
| 2016 (3) | 6.98 | 74.5 | 2.83 | 55.49 | 1.96 | 62.59 | 2.41 | 105.98 | 1.96 | 73.45 | 1.98 | 0.51 | 1.29 | -1.53 | 0.49 | -37.97 | 5.24 | 70.68 | 95.76 | -16.29 | 117.48 | -25.0 | -17.48 | 0 | 0.00 | 0 | 10.45 | 59.79 |
| 2015 (2) | 4.00 | 1438.46 | 1.82 | 0 | 1.20 | -8.55 | 1.17 | 0 | 1.13 | 0 | 1.97 | 0 | 1.31 | 0 | 0.79 | 23.44 | 3.07 | 0 | 114.39 | -8.68 | 156.63 | 67.55 | -56.63 | 0 | 0.00 | 0 | 6.54 | -5.35 |
| 2014 (1) | 0.26 | 0 | -2.94 | 0 | 1.32 | -9.48 | -3.15 | 0 | -2.71 | 0 | -3.80 | 0 | -1.19 | 0 | 0.64 | 33.33 | -0.75 | 0 | 125.26 | 7.57 | 93.48 | -18.12 | 6.52 | 0 | 0.00 | 0 | 6.91 | -4.16 |
