- 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) | 41.14 | -32.55 | -41.86 | -73.79 | 23.18 | 28.14 | -4.14 | 98.17 | -100.48 | -1.33 | 99.41 | -100.15 | -0.03 | 98.64 | -100.26 | -0.03 | 98.62 | -100.26 | 0.02 | 100.0 | 100.0 | 26.09 | 113.05 | -97.04 | 4.41 | 132.11 | 115.12 | 1700.00 | 3926.32 | 14671.43 | -1600.00 | -2869.23 | -1532.84 | 59.28 | -43.04 | -47.64 |
| 23Q3 (19) | 60.99 | 17.33 | -13.11 | -96.06 | 21.04 | 47.18 | -225.80 | -3826.96 | -45.61 | -225.88 | -3774.44 | -45.55 | -2.20 | -5400.0 | -113.59 | -2.17 | -5325.0 | -114.85 | 0.01 | 0.0 | 0.0 | -200.00 | -900.0 | -81.82 | 1.90 | 30.14 | 24.18 | 42.22 | -97.78 | -64.81 | 57.78 | 103.21 | 388.89 | 104.08 | -18.9 | -27.03 |
| 23Q2 (18) | 51.98 | -13.88 | -33.5 | -121.66 | 57.51 | -24.3 | -5.75 | -128.16 | 92.99 | -5.83 | -128.11 | 92.9 | -0.04 | -130.77 | 95.0 | -0.04 | -130.77 | 94.94 | 0.01 | 0.0 | 0.0 | 25.00 | -57.14 | 153.57 | 1.46 | 5.04 | -17.05 | 1900.00 | 211.76 | 1528.57 | -1800.00 | -197.3 | -10700.0 | 128.34 | -51.41 | 22.29 |
| 23Q1 (17) | 60.36 | -14.7 | -11.21 | -286.30 | -178.8 | -35.4 | 20.42 | -97.64 | 110.98 | 20.74 | -97.61 | 111.15 | 0.13 | -98.88 | 111.93 | 0.13 | -98.86 | 112.15 | 0.01 | 0.0 | 0.0 | 58.33 | -93.38 | 143.75 | 1.39 | -32.2 | -25.67 | -1700.00 | -14471.43 | -1531.58 | 1850.00 | 1556.72 | 14900.0 | 264.13 | 133.29 | 43.35 |
| 22Q4 (16) | 70.76 | 0.81 | 96.61 | -102.69 | 43.54 | 87.78 | 866.38 | 658.7 | 210.79 | 866.11 | 658.1 | 238.44 | 11.57 | 1223.3 | 796.99 | 11.36 | 1224.75 | 801.23 | 0.01 | 0.0 | 0 | 880.95 | 900.86 | 225.85 | 2.05 | 33.99 | -20.54 | -11.67 | -109.72 | -110.98 | 111.67 | 658.33 | 1886.67 | 113.22 | -20.62 | -81.77 |
| 22Q3 (15) | 70.19 | -10.2 | -9.48 | -181.87 | -85.81 | 63.16 | -155.07 | -88.99 | 64.99 | -155.19 | -88.89 | 56.2 | -1.03 | -28.75 | 12.71 | -1.01 | -27.85 | 13.68 | 0.01 | 0.0 | 0 | -110.00 | -135.7 | 72.5 | 1.53 | -13.07 | -4.97 | 120.00 | 2.86 | 10.4 | -20.00 | -20.0 | -53.33 | 142.63 | 35.9 | -54.26 |
| 22Q2 (14) | 78.16 | 14.97 | 43.02 | -97.88 | 53.71 | 91.85 | -82.05 | 55.88 | 92.18 | -82.16 | 55.85 | 90.22 | -0.80 | 26.61 | 11.11 | -0.79 | 26.17 | 12.22 | 0.01 | 0.0 | 0 | -46.67 | 65.0 | 93.78 | 1.76 | -5.88 | 137.84 | 116.67 | -1.75 | 5.0 | -16.67 | -33.33 | 0.0 | 104.95 | -43.04 | -88.29 |
| 22Q1 (13) | 67.98 | 88.89 | -22.78 | -211.44 | 74.85 | -21034.65 | -185.95 | 76.22 | -1298.9 | -186.08 | 70.26 | -1600.65 | -1.09 | 34.34 | -595.45 | -1.07 | 33.95 | -609.52 | 0.01 | 0 | -50.0 | -133.33 | 80.95 | -614.19 | 1.87 | -27.52 | 163.38 | 118.75 | 11.76 | 0 | -12.50 | -100.0 | -112.5 | 184.25 | -70.34 | 169.1 |
| 21Q4 (12) | 35.99 | -53.59 | 0 | -840.60 | -70.29 | 0 | -781.97 | -76.54 | 0 | -625.60 | -76.55 | 0 | -1.66 | -40.68 | 0 | -1.62 | -38.46 | 0 | 0.00 | 0 | 0 | -700.00 | -75.0 | 0 | 2.58 | 60.25 | 0 | 106.25 | -2.25 | 0 | -6.25 | 52.08 | 0 | 621.18 | 99.19 | 0 |
| 21Q3 (11) | 77.54 | 41.88 | 0 | -493.62 | 58.9 | 0 | -442.95 | 57.81 | 0 | -354.35 | 57.81 | 0 | -1.18 | -31.11 | 0 | -1.17 | -30.0 | 0 | 0.00 | 0 | 0 | -400.00 | 46.67 | 0 | 1.61 | 117.57 | 0 | 108.70 | -2.17 | 0 | -13.04 | 21.74 | 0 | 311.85 | -65.21 | 0 |
| 21Q2 (10) | 54.65 | -37.92 | 0 | -1201.01 | -119011.88 | 0 | -1049.79 | -6868.47 | 0 | -839.83 | -6872.82 | 0 | -0.90 | -509.09 | 0 | -0.90 | -528.57 | 0 | 0.00 | -100.0 | 0 | -750.00 | -2992.4 | 0 | 0.74 | 4.23 | 0 | 111.11 | 0 | 0 | -16.67 | -116.67 | 0 | 896.38 | 1209.16 | 0 |
| 21Q1 (9) | 88.03 | 0 | 0 | 1.01 | 0 | 0 | 15.51 | 0 | 0 | 12.40 | 0 | 0 | 0.22 | 0 | 0 | 0.21 | 0 | 0 | 0.02 | 0 | 0 | 25.93 | 0 | 0 | 0.71 | 0 | 0 | 0.00 | 0 | 0 | 100.00 | 0 | 0 | 68.47 | 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) | 49.61 | -31.28 | -113.63 | 0 | 19.15 | -20.46 | -48.03 | 0 | -46.64 | 0 | -2.40 | 0 | -2.32 | 0 | 0.05 | 66.67 | -18.09 | 0 | 4.41 | 115.12 | 237.78 | 0 | -137.78 | 0 | 1.87 | -12.75 | 106.49 | -16.79 |
| 2022 (9) | 72.19 | -9.38 | -133.59 | 0 | 24.07 | -8.52 | 253.37 | 0 | 253.19 | 0 | 8.65 | 0 | 8.46 | 0 | 0.03 | 50.0 | 287.04 | 0 | 2.05 | -20.54 | -52.55 | 0 | 152.55 | 0 | 2.14 | -5.22 | 127.97 | -34.7 |
| 2021 (8) | 79.66 | -7.57 | -207.21 | 0 | 26.32 | -91.23 | -177.17 | 0 | -141.73 | 0 | -3.51 | 0 | -3.44 | 0 | 0.02 | 0 | -144.74 | 0 | 2.58 | 37.97 | 116.18 | 6.76 | -16.18 | 0 | 2.26 | 0 | 195.96 | -87.13 |
| 2020 (7) | 86.18 | 138.66 | -2118.64 | 0 | 300.00 | -25.0 | -1941.12 | 0 | -1552.88 | 0 | -4.95 | 0 | -4.85 | 0 | 0.00 | 0 | -1900.00 | 0 | 1.87 | -30.48 | 108.82 | -2.06 | -8.82 | 0 | 0.00 | 0 | 1522.89 | -38.56 |
| 2019 (6) | 36.11 | 37.2 | -4170.48 | 0 | 400.00 | 0 | -3785.57 | 0 | -3029.94 | 0 | -9.39 | 0 | -9.11 | 0 | 0.00 | 0 | -4000.00 | 0 | 2.69 | -41.39 | 111.11 | 11.11 | -11.11 | 0 | 0.00 | 0 | 2478.73 | -65.87 |
| 2018 (5) | 26.32 | 0 | -16757.90 | 0 | 0.00 | 0 | -15205.30 | 0 | -9615.79 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 4.59 | 0 | 100.00 | 0 | -0.00 | 0 | 0.00 | 0 | 7263.16 | 0 |
