- 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) | 35.20 | -46.99 | 23.94 | -34628.80 | -9.7 | 7.84 | -32932.40 | -9.57 | 8.98 | -33436.80 | -11.25 | 8.97 | -6.14 | -17.62 | -11.03 | -5.98 | -16.8 | -11.15 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 3.51 | 86.7 | 38.19 | 106.10 | 0.73 | 1.58 | -4.88 | 8.54 | -46.34 | 11624.80 | 14.77 | -7.64 |
| 23Q3 (19) | 66.40 | 9.21 | 6.41 | -31568.00 | -15.02 | 6.72 | -30056.40 | -16.64 | 9.01 | -30056.40 | -16.64 | 9.01 | -5.22 | -22.25 | -10.36 | -5.12 | -21.9 | -10.82 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 1.88 | 12.57 | -28.79 | 105.33 | -2.3 | 2.85 | -5.33 | 14.67 | -121.33 | 10129.20 | -8.57 | -5.75 |
| 23Q2 (18) | 60.80 | 4.11 | 5.56 | -27446.80 | 10.89 | 30.67 | -25768.00 | 11.94 | 33.99 | -25768.00 | 11.94 | 33.99 | -4.27 | 7.97 | 19.74 | -4.20 | 7.49 | 19.23 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 1.67 | 11.33 | -1.76 | 107.81 | 2.21 | 6.72 | -6.25 | -14.06 | -512.5 | 11078.40 | 20.3 | 0.02 |
| 23Q1 (17) | 58.40 | 105.63 | 8.96 | -30800.80 | 18.03 | 2.03 | -29261.20 | 19.13 | 5.76 | -29261.20 | 20.34 | 5.76 | -4.64 | 16.09 | -15.14 | -4.54 | 15.61 | -17.01 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 1.50 | -40.94 | -42.75 | 105.48 | 0.99 | 4.14 | -5.48 | -64.38 | -327.4 | 9209.20 | -26.83 | -14.12 |
| 22Q4 (16) | 28.40 | -54.49 | -51.03 | -37574.40 | -11.03 | 54.82 | -36182.00 | -9.53 | 55.67 | -36730.80 | -11.19 | 55.5 | -5.53 | -16.91 | -35.87 | -5.38 | -16.45 | -37.95 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 2.54 | -3.79 | -45.84 | 104.44 | 1.99 | 3.19 | -3.33 | -38.33 | -36.67 | 12586.00 | 17.11 | -75.7 |
| 22Q3 (15) | 62.40 | 8.33 | 6.36 | -33842.40 | 14.52 | 43.24 | -33034.00 | 15.38 | 43.15 | -33034.00 | 15.38 | 43.15 | -4.73 | 11.09 | -15.65 | -4.62 | 11.15 | -17.26 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 2.64 | 55.29 | -33.5 | 102.41 | 1.38 | 0.11 | -2.41 | -136.14 | -4.82 | 10747.20 | -2.97 | -44.14 |
| 22Q2 (14) | 57.60 | 7.46 | -1.82 | -39590.80 | -25.93 | 25.43 | -39037.60 | -25.72 | 14.16 | -39037.60 | -25.72 | 14.16 | -5.32 | -32.01 | -72.17 | -5.20 | -34.02 | -73.91 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 1.70 | -35.11 | -47.69 | 101.02 | -0.26 | -14.13 | -1.02 | 20.41 | 93.69 | 11076.40 | 3.29 | -45.19 |
| 22Q1 (13) | 53.60 | -7.59 | -9.66 | -31438.40 | 62.19 | 49.88 | -31050.40 | 61.96 | 49.01 | -31050.40 | 62.38 | 49.01 | -4.03 | 0.98 | -0.75 | -3.88 | 0.51 | 0.0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 2.62 | -44.14 | -21.79 | 101.28 | 0.06 | -1.95 | -1.28 | 47.44 | 61.11 | 10723.20 | -79.3 | -37.74 |
| 21Q4 (12) | 58.00 | -1.14 | 10.12 | -83157.00 | -39.48 | -51.32 | -81628.00 | -40.49 | -52.3 | -82538.00 | -42.05 | -53.05 | -4.07 | 0.49 | -19.01 | -3.90 | 1.02 | -17.82 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 4.69 | 18.14 | 57.91 | 101.22 | -1.06 | -1.25 | -2.44 | -6.1 | 2.44 | 51802.00 | 169.23 | 188.99 |
| 21Q3 (11) | 58.67 | 0.0 | -2.22 | -59619.30 | -12.29 | 24.4 | -58104.00 | -27.76 | 26.13 | -58104.00 | -27.76 | 26.13 | -4.09 | -32.36 | 46.47 | -3.94 | -31.77 | 46.39 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 3.97 | 22.15 | 19.22 | 102.30 | -13.05 | 2.3 | -2.30 | 85.79 | 0 | 19240.70 | -4.78 | -62.13 |
| 21Q2 (10) | 58.67 | -1.11 | 10.01 | -53092.70 | 15.36 | -10.14 | -45478.00 | 25.32 | 5.12 | -45478.00 | 25.32 | 5.12 | -3.09 | 22.75 | 69.35 | -2.99 | 22.94 | 68.56 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 3.25 | -2.99 | -44.63 | 117.65 | 13.89 | 17.65 | -16.18 | -390.69 | 0 | 20207.30 | 17.33 | 0 |
| 21Q1 (9) | 59.33 | 12.64 | -2.87 | -62727.30 | -14.15 | -21.49 | -60897.30 | -13.62 | -20.93 | -60897.30 | -12.92 | -20.93 | -4.00 | -16.96 | 62.58 | -3.88 | -17.22 | 61.92 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 3.35 | 12.79 | -44.9 | 103.30 | 0.78 | 0.89 | -3.30 | -31.87 | -38.46 | 17222.70 | -3.92 | 3.04 |
| 20Q4 (8) | 52.67 | -12.22 | 505.15 | -54952.70 | 30.32 | 29.96 | -53598.00 | 31.86 | 31.78 | -53928.70 | 31.44 | 31.16 | -3.42 | 55.24 | 62.13 | -3.31 | 54.97 | 61.95 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 2.97 | -10.81 | -21.01 | 102.50 | 2.5 | 3.81 | -2.50 | 0 | 0 | 17925.30 | -64.72 | -34.99 |
| 20Q3 (7) | 60.00 | 12.51 | 114.29 | -78866.00 | -63.61 | 51.62 | -78658.70 | -64.1 | 50.51 | -78658.70 | -64.1 | 51.69 | -7.64 | 24.21 | 11.27 | -7.35 | 22.71 | 11.45 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 3.33 | -43.27 | -12.6 | 100.00 | 0.0 | -3.66 | -0.00 | 0 | 100.0 | 50812.00 | 0 | 6.63 |
| 20Q2 (6) | 53.33 | -12.69 | 233.31 | -48203.30 | 6.64 | 74.84 | -47932.00 | 4.82 | 74.83 | -47932.00 | 4.82 | 74.83 | -10.08 | 5.71 | -8.97 | -9.51 | 6.67 | -6.38 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 5.87 | -3.45 | 59.08 | 100.00 | -2.33 | -1.04 | -0.00 | 100.0 | 100.0 | 0.00 | -100.0 | -100.0 |
| 20Q1 (5) | 61.08 | 569.85 | 110.62 | -51632.30 | 34.19 | 62.59 | -50358.70 | 35.9 | 63.1 | -50358.70 | 35.72 | 63.1 | -10.69 | -18.38 | 10.54 | -10.19 | -17.13 | 12.08 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 6.08 | 61.7 | 98.69 | 102.38 | 3.69 | 0.9 | -2.38 | 0 | -61.9 | 16713.80 | -39.38 | -43.13 |
| 19Q4 (4) | -13.00 | -146.43 | 0.0 | -78455.00 | 51.87 | 0.0 | -78568.00 | 50.56 | 0.0 | -78343.00 | 51.89 | 0.0 | -9.03 | -4.88 | 0.0 | -8.70 | -4.82 | 0.0 | 0.00 | 0 | 0.0 | 0.00 | 0 | 0.0 | 3.76 | -1.31 | 0.0 | 98.73 | -4.88 | 0.0 | 0.00 | 100.0 | 0.0 | 27573.00 | -42.14 | 0.0 |
| 19Q3 (3) | 28.00 | 75.0 | 0.0 | -163004.00 | 14.94 | 0.0 | -158930.00 | 16.53 | 0.0 | -162828.00 | 14.48 | 0.0 | -8.61 | 6.92 | 0.0 | -8.30 | 7.16 | 0.0 | 0.00 | 0 | 0.0 | 0.00 | 0 | 0.0 | 3.81 | 3.25 | 0.0 | 103.80 | 2.72 | 0.0 | -2.53 | -140.51 | 0.0 | 47654.00 | -13.9 | 0.0 |
| 19Q2 (2) | 16.00 | -44.83 | 0.0 | -191624.00 | -38.83 | 0.0 | -190396.00 | -39.51 | 0.0 | -190396.00 | -39.51 | 0.0 | -9.25 | 22.59 | 0.0 | -8.94 | 22.86 | 0.0 | 0.00 | 0 | 0.0 | 0.00 | 0 | 0.0 | 3.69 | 20.59 | 0.0 | 101.05 | -0.41 | 0.0 | -1.05 | 28.42 | 0.0 | 55350.00 | 88.35 | 0.0 |
| 19Q1 (1) | 29.00 | 0.0 | 0.0 | -138031.00 | 0.0 | 0.0 | -136471.00 | 0.0 | 0.0 | -136471.00 | 0.0 | 0.0 | -11.95 | 0.0 | 0.0 | -11.59 | 0.0 | 0.0 | 0.00 | 0.0 | 0.0 | 0.00 | 0.0 | 0.0 | 3.06 | 0.0 | 0.0 | 101.47 | 0.0 | 0.0 | -1.47 | 0.0 | 0.0 | 29387.00 | 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) | 55.20 | 9.31 | -31111.10 | 0 | 1100.00 | 57.14 | -29504.50 | 0 | -29630.60 | 0 | -20.22 | 0 | -19.61 | 0 | 0.00 | 0 | -28400.00 | 0 | 3.51 | 38.19 | 105.42 | 3.05 | -5.42 | 0 | 0.00 | 0 | 10510.40 | -6.85 |
| 2022 (9) | 50.50 | -14.01 | -35611.50 | 0 | 700.00 | 16.67 | -34826.00 | 0 | -34963.20 | 0 | -19.52 | 0 | -18.79 | 0 | 0.00 | 0 | -34100.00 | 0 | 2.54 | -45.84 | 102.30 | -3.02 | -2.30 | 0 | 0.00 | 0 | 11283.20 | -54.64 |
| 2021 (8) | 58.73 | 3.23 | -62966.60 | 0 | 600.00 | -14.29 | -59699.40 | 0 | -59864.90 | 0 | -15.33 | 0 | -14.76 | 0 | 0.00 | 0 | -32200.00 | 0 | 4.69 | 57.91 | 105.49 | 4.02 | -5.49 | 0 | 0.00 | 0 | 24874.20 | -4.25 |
| 2020 (7) | 56.89 | 349.01 | -58226.70 | 0 | 700.00 | 0 | -57436.30 | 0 | -57516.70 | 0 | -22.50 | 0 | -21.79 | 0 | 0.00 | 0 | -34700.00 | 0 | 2.97 | -21.01 | 101.41 | 0.38 | -1.41 | 0 | 0.00 | 0 | 25977.30 | -28.15 |
| 2019 (6) | 12.67 | 23.85 | -131267.00 | 0 | 0.00 | 0 | -129901.00 | 0 | -130475.00 | 0 | -38.41 | 0 | -37.15 | 0 | 0.00 | 0 | 0.00 | 0 | 3.76 | 24.5 | 101.03 | -1.32 | -1.03 | 0 | 0.00 | 0 | 36154.00 | 161.14 |
| 2018 (5) | 10.23 | 0 | -52860.60 | 0 | 300.00 | 0 | -51585.30 | 0 | -51275.60 | 0 | -27.06 | 0 | -26.17 | 0 | 0.00 | 0 | -37500.00 | 0 | 3.02 | -18.16 | 102.38 | 1.29 | -2.38 | 0 | 0.00 | 0 | 13844.50 | 0 |
| 2017 (4) | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | -35.76 | 0 | -34.46 | 0 | 0.00 | 0 | 0.00 | 0 | 3.69 | -9.34 | 101.08 | -0.49 | -1.08 | 0 | 0.00 | 0 | 0.00 | 0 |
| 2016 (3) | 100.00 | 0 | -201574.00 | 0 | 0.00 | 0 | -198726.00 | 0 | -199230.00 | 0 | -41.05 | 0 | -39.88 | 0 | 0.00 | 0 | 0.00 | 0 | 4.07 | 91.08 | 101.57 | -3.48 | -1.57 | 0 | 0.00 | 0 | 72552.30 | 0 |
| 2015 (2) | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | -23.73 | 0 | -23.32 | 0 | 0.00 | 0 | 0.00 | 0 | 2.13 | 42.0 | 105.24 | 0.13 | -5.24 | 0 | 0.00 | 0 | 0.00 | 0 |
| 2014 (1) | 0.72 | 0 | -696.63 | 0 | 0.00 | 0 | -664.66 | 0 | -664.66 | 0 | -18.30 | 0 | -18.01 | 0 | 0.03 | -25.0 | -654.17 | 0 | 1.50 | -16.2 | 105.10 | 2.38 | -5.10 | 0 | 0.00 | 0 | 304.06 | 199.01 |
