- 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) | 73.65 | 7.72 | 8.56 | -2538.70 | 22.65 | -36.42 | -2788.77 | 7.07 | -52.17 | -2788.77 | 7.07 | -52.17 | -7.48 | -46.38 | -2.19 | -7.26 | -47.86 | -6.92 | 0.00 | 0 | 0 | -2800.00 | -43.59 | -40.0 | 3.06 | 2.34 | -34.89 | 91.94 | -15.57 | -8.06 | 9.68 | 208.87 | 545.16 | 824.65 | -21.18 | 19.88 |
| 23Q3 (19) | 68.37 | -2.84 | -1.23 | -3282.13 | 37.39 | 45.7 | -3000.86 | 41.88 | 49.8 | -3000.86 | 41.88 | 49.8 | -5.11 | 61.52 | 69.99 | -4.91 | 61.31 | 68.34 | 0.00 | 0 | 0 | -1950.00 | 56.67 | 65.49 | 2.99 | -39.35 | -71.55 | 108.89 | 7.78 | 7.99 | -8.89 | -762.22 | -966.67 | 1046.31 | -0.08 | 47.55 |
| 23Q2 (18) | 70.37 | -11.86 | -0.51 | -5242.35 | -40.72 | -48.34 | -5163.05 | -41.86 | -52.32 | -5163.05 | -41.86 | -52.32 | -13.28 | -35.65 | -50.91 | -12.69 | -35.43 | -52.71 | 0.00 | 0 | 0 | -4500.00 | -80.0 | -40.62 | 4.93 | 24.18 | -46.0 | 101.03 | -2.45 | -3.12 | -1.03 | 42.27 | 75.95 | 1047.17 | 7.18 | 54.89 |
| 23Q1 (17) | 79.84 | 17.69 | 0.78 | -3725.39 | -100.19 | 5.8 | -3639.60 | -98.59 | 5.04 | -3639.60 | -98.59 | 5.04 | -9.79 | -33.74 | -168.22 | -9.37 | -38.0 | -165.44 | 0.00 | 0 | 0 | -2500.00 | -25.0 | -4.17 | 3.97 | -15.53 | 41.79 | 103.57 | 3.57 | 0.33 | -1.79 | 17.86 | 44.64 | 977.00 | 42.03 | -46.3 |
| 22Q4 (16) | 67.84 | -1.99 | 2.73 | -1860.95 | 69.21 | -19.93 | -1832.72 | 69.34 | -19.65 | -1832.72 | 69.34 | -19.65 | -7.32 | 57.02 | -42.14 | -6.79 | 56.22 | -37.45 | 0.00 | 0 | 0 | -2000.00 | 64.6 | -29.03 | 4.70 | -55.28 | 19.9 | 100.00 | -0.83 | -2.63 | -2.17 | -160.87 | 0 | 687.89 | -2.99 | -1.0 |
| 22Q3 (15) | 69.22 | -2.13 | -6.45 | -6044.38 | -71.04 | -199.12 | -5977.46 | -76.35 | -201.06 | -5977.46 | -76.35 | -201.06 | -17.03 | -93.52 | -271.02 | -15.51 | -86.64 | -254.11 | 0.00 | 0 | 0 | -5650.00 | -76.56 | -145.65 | 10.51 | 15.12 | 134.6 | 100.83 | -3.31 | -2.53 | -0.83 | 80.56 | 75.83 | 709.10 | 4.88 | -23.07 |
| 22Q2 (14) | 70.73 | -10.72 | 0 | -3533.98 | 10.64 | 0 | -3389.50 | 11.57 | 0 | -3389.50 | 11.57 | 0 | -8.80 | -141.1 | 0 | -8.31 | -135.41 | 0 | 0.00 | 0 | 0 | -3200.00 | -33.33 | 0 | 9.13 | 226.07 | 0 | 104.29 | 1.03 | 0 | -4.29 | -32.86 | 0 | 676.08 | -62.84 | 0 |
| 22Q1 (13) | 79.22 | 19.96 | 0 | -3954.94 | -154.89 | 0 | -3832.92 | -150.23 | 0 | -3832.92 | -150.23 | 0 | -3.65 | 29.13 | 0 | -3.53 | 28.54 | 0 | 0.00 | 0 | 0 | -2400.00 | -54.84 | 0 | 2.80 | -28.57 | 0 | 103.23 | 0.51 | 0 | -3.23 | 0 | 0 | 1819.27 | 161.82 | 0 |
| 21Q4 (12) | 66.04 | -10.74 | 0 | -1551.64 | 23.21 | 0 | -1531.74 | 22.85 | 0 | -1531.74 | 22.85 | 0 | -5.15 | -12.2 | 0 | -4.94 | -12.79 | 0 | 0.00 | 0 | 0 | -1550.00 | 32.61 | 0 | 3.92 | -12.5 | 0 | 102.70 | -0.72 | 0 | -0.00 | 100.0 | 0 | 694.86 | -24.62 | 0 |
| 21Q3 (11) | 73.99 | 0 | 0 | -2020.75 | 0 | 0 | -1985.46 | 0 | 0 | -1985.46 | 0 | 0 | -4.59 | 0 | 0 | -4.38 | 0 | 0 | 0.00 | 0 | 0 | -2300.00 | 0 | 0 | 4.48 | 0 | 0 | 103.45 | 0 | 0 | -3.45 | 0 | 0 | 921.77 | 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) | 73.02 | 3.93 | -3657.96 | 0 | 157.14 | -8.33 | -3637.64 | 0 | -3637.64 | 0 | -37.02 | 0 | -35.66 | 0 | 0.01 | 0.0 | -3371.43 | 0 | 3.06 | -34.89 | 100.77 | -1.45 | -0.38 | 0 | 3.14 | -49.26 | 962.34 | 18.32 |
| 2022 (9) | 70.26 | -1.82 | -3695.47 | 0 | 171.43 | 20.0 | -3613.98 | 0 | -3613.98 | 0 | -36.52 | 0 | -35.01 | 0 | 0.01 | 0.0 | -3442.86 | 0 | 4.70 | 19.9 | 102.26 | 0.58 | -2.26 | 0 | 6.18 | 7.37 | 813.33 | 12.13 |
| 2021 (8) | 71.56 | 5.02 | -1630.26 | 0 | 142.86 | 42.86 | -1605.50 | 0 | -1605.50 | 0 | -15.77 | 0 | -15.08 | 0 | 0.01 | 0.0 | -1385.71 | 0 | 3.92 | -18.84 | 101.67 | -2.13 | -1.67 | 0 | 5.76 | 0 | 725.37 | -14.58 |
| 2020 (7) | 68.14 | 10.1 | -1886.54 | 0 | 100.00 | 20.0 | -1828.54 | 0 | -1828.54 | 0 | -17.74 | 0 | -17.01 | 0 | 0.01 | 0.0 | -1557.14 | 0 | 4.83 | 40.0 | 103.88 | 1.84 | -3.10 | 0 | 0.00 | 0 | 849.16 | -7.19 |
| 2019 (6) | 61.89 | 2.31 | -2451.42 | 0 | 83.33 | 108.33 | -2395.98 | 0 | -2395.98 | 0 | -24.18 | 0 | -22.74 | 0 | 0.01 | 0.0 | -2183.33 | 0 | 3.45 | -66.79 | 102.00 | -1.74 | -2.00 | 0 | 0.00 | 0 | 914.97 | -6.19 |
| 2018 (5) | 60.49 | 4.33 | -2336.71 | 0 | 40.00 | 100.0 | -2251.76 | 0 | -2251.76 | 0 | -29.59 | 0 | -25.94 | 0 | 0.01 | -50.0 | -1760.00 | 0 | 10.39 | -46.0 | 103.81 | 0.97 | -3.81 | 0 | 0.00 | 0 | 975.33 | 89.31 |
| 2017 (4) | 57.98 | -4.28 | -1404.66 | 0 | 20.00 | 0 | -1358.98 | 0 | -1358.98 | 0 | -29.19 | 0 | -24.35 | 0 | 0.02 | -33.33 | -1100.00 | 0 | 19.24 | 2.12 | 102.82 | -0.04 | -2.82 | 0 | 0.00 | 0 | 515.19 | 133.64 |
| 2016 (3) | 60.57 | 0 | -596.53 | 0 | 0.00 | 0 | -587.01 | 0 | -587.01 | 0 | -23.65 | 0 | -18.34 | 0 | 0.03 | 0 | -366.67 | 0 | 18.84 | 0 | 102.86 | 0 | -2.86 | 0 | 0.00 | 0 | 220.51 | 0 |
