- 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) | 5.33 | -16.19 | -47.9 | 2.25 | -38.02 | -66.06 | 1.48 | -64.93 | -76.91 | 1.31 | -61.36 | -74.71 | 1.07 | -58.04 | -75.79 | 0.89 | -53.89 | -74.86 | 0.63 | 14.55 | -7.35 | 2.12 | -56.2 | -69.23 | 26.74 | -23.21 | 10.22 | 150.00 | 74.19 | 45.45 | -50.00 | -460.0 | -1500.0 | 2.76 | 15.97 | -14.55 |
| 23Q3 (19) | 6.36 | -12.4 | -39.6 | 3.63 | -17.31 | -52.55 | 4.22 | -13.7 | -53.88 | 3.39 | -8.87 | -53.75 | 2.55 | -5.56 | -53.13 | 1.93 | -6.31 | -51.99 | 0.55 | 1.85 | 0.0 | 4.84 | -12.16 | -49.74 | 34.82 | -6.57 | 30.85 | 86.11 | -4.05 | 2.26 | 13.89 | 35.42 | -12.04 | 2.38 | -6.3 | -3.64 |
| 23Q2 (18) | 7.26 | -16.07 | -39.35 | 4.39 | -26.22 | -50.17 | 4.89 | -17.26 | -48.03 | 3.72 | -21.19 | -49.11 | 2.70 | -28.19 | -52.71 | 2.06 | -30.41 | -50.0 | 0.54 | -12.9 | -3.57 | 5.51 | -13.36 | -44.62 | 37.27 | 17.46 | -18.62 | 89.74 | -10.26 | -4.35 | 10.26 | 0 | 66.15 | 2.54 | 8.55 | 6.28 |
| 23Q1 (17) | 8.65 | -15.44 | 4.34 | 5.95 | -10.26 | 10.39 | 5.91 | -7.8 | 6.29 | 4.72 | -8.88 | 6.31 | 3.76 | -14.93 | 12.24 | 2.96 | -16.38 | 24.89 | 0.62 | -8.82 | 16.98 | 6.36 | -7.69 | 1.92 | 31.73 | 30.79 | -2.4 | 100.00 | -3.03 | 2.22 | 0.00 | 100.0 | -100.0 | 2.34 | -27.55 | 2.18 |
| 22Q4 (16) | 10.23 | -2.85 | -11.81 | 6.63 | -13.33 | -14.78 | 6.41 | -29.95 | -21.83 | 5.18 | -29.33 | -21.04 | 4.42 | -18.75 | -16.6 | 3.54 | -11.94 | 5.67 | 0.68 | 23.64 | 36.0 | 6.89 | -28.45 | -22.5 | 24.26 | -8.83 | -55.75 | 103.12 | 22.46 | 7.74 | -3.12 | -119.79 | -154.69 | 3.23 | 30.77 | 8.39 |
| 22Q3 (15) | 10.53 | -12.03 | -2.5 | 7.65 | -13.17 | 0.26 | 9.15 | -2.76 | 16.86 | 7.33 | 0.27 | 17.09 | 5.44 | -4.73 | 36.68 | 4.02 | -2.43 | 49.44 | 0.55 | -1.79 | 27.91 | 9.63 | -3.22 | 12.24 | 26.61 | -41.9 | -60.04 | 84.21 | -10.25 | -14.07 | 15.79 | 155.79 | 689.47 | 2.47 | 3.35 | -15.99 |
| 22Q2 (14) | 11.97 | 44.39 | 39.67 | 8.81 | 63.45 | 49.58 | 9.41 | 69.24 | 38.18 | 7.31 | 64.64 | 34.13 | 5.71 | 70.45 | 47.55 | 4.12 | 73.84 | 27.16 | 0.56 | 5.66 | -5.08 | 9.95 | 59.46 | 31.27 | 45.80 | 40.88 | 57.06 | 93.83 | -4.09 | 10.25 | 6.17 | 183.95 | -51.65 | 2.39 | 4.37 | -4.02 |
| 22Q1 (13) | 8.29 | -28.53 | 34.36 | 5.39 | -30.72 | 175.0 | 5.56 | -32.2 | 173.89 | 4.44 | -32.32 | 175.78 | 3.35 | -36.79 | 378.57 | 2.37 | -29.25 | 282.26 | 0.53 | 6.0 | 39.47 | 6.24 | -29.81 | 82.99 | 32.51 | -40.7 | 241.13 | 97.83 | 2.21 | -2.17 | 2.17 | -61.96 | 0 | 2.29 | -23.15 | -37.94 |
| 21Q4 (12) | 11.60 | 7.41 | 83.54 | 7.78 | 1.97 | 200.39 | 8.20 | 4.73 | 145.51 | 6.56 | 4.79 | 135.97 | 5.30 | 33.17 | 314.06 | 3.35 | 24.54 | 199.11 | 0.50 | 16.28 | 25.0 | 8.89 | 3.61 | 91.18 | 54.82 | -17.68 | 187.32 | 95.71 | -2.33 | 21.82 | 5.71 | 185.71 | -73.33 | 2.98 | 1.36 | -30.05 |
| 21Q3 (11) | 10.80 | 26.02 | 156.53 | 7.63 | 29.54 | 931.08 | 7.83 | 14.98 | 625.0 | 6.26 | 14.86 | 627.91 | 3.98 | 2.84 | 895.0 | 2.69 | -16.98 | 668.57 | 0.43 | -27.12 | 13.16 | 8.58 | 13.19 | 273.04 | 66.59 | 128.36 | 397.68 | 98.00 | 15.15 | 63.33 | 2.00 | -84.33 | -95.0 | 2.94 | 18.07 | -14.29 |
| 21Q2 (10) | 8.57 | 38.9 | 260.08 | 5.89 | 200.51 | 1610.26 | 6.81 | 235.47 | 3684.21 | 5.45 | 238.51 | 3733.33 | 3.87 | 452.86 | 3970.0 | 3.24 | 422.58 | 8200.0 | 0.59 | 55.26 | 20.41 | 7.58 | 122.29 | 1066.15 | 29.16 | 205.98 | -10.85 | 85.11 | -14.89 | -57.45 | 12.77 | 0 | 112.77 | 2.49 | -32.52 | 0 |
| 21Q1 (9) | 6.17 | -2.37 | 5709.09 | 1.96 | -24.32 | 156.65 | 2.03 | -39.22 | 166.78 | 1.61 | -42.09 | 165.98 | 0.70 | -45.31 | 148.61 | 0.62 | -44.64 | 160.78 | 0.38 | -5.0 | -11.63 | 3.41 | -26.67 | 257.87 | 9.53 | -50.05 | -73.62 | 100.00 | 27.27 | -10.53 | 0.00 | -100.0 | 100.0 | 3.69 | -13.38 | 25.51 |
| 20Q4 (8) | 6.32 | 50.12 | 18.8 | 2.59 | 250.0 | 21.6 | 3.34 | 209.26 | 48.44 | 2.78 | 223.26 | 55.31 | 1.28 | 220.0 | 6.67 | 1.12 | 220.0 | 19.15 | 0.40 | 5.26 | -21.57 | 4.65 | 102.17 | 55.0 | 19.08 | 42.6 | -47.13 | 78.57 | 30.95 | -21.43 | 21.43 | -46.43 | 200.0 | 4.26 | 24.2 | 41.53 |
| 20Q3 (7) | 4.21 | 76.89 | 20.29 | 0.74 | 289.74 | 184.62 | 1.08 | 668.42 | 151.16 | 0.86 | 673.33 | 160.61 | 0.40 | 500.0 | 110.53 | 0.35 | 975.0 | 105.88 | 0.38 | -22.45 | -15.56 | 2.30 | 253.85 | 107.21 | 13.38 | -59.1 | -51.01 | 60.00 | -70.0 | 20.0 | 40.00 | 140.0 | -20.0 | 3.43 | 0 | 15.49 |
| 20Q2 (6) | 2.38 | 2263.64 | -53.7 | -0.39 | 88.73 | -118.4 | -0.19 | 93.75 | -108.64 | -0.15 | 93.85 | -108.57 | -0.10 | 93.06 | -109.26 | -0.04 | 96.08 | -104.65 | 0.49 | 13.95 | 0.0 | 0.65 | 130.09 | -77.03 | 32.71 | -9.47 | 16.32 | 200.00 | 78.95 | 100.0 | -100.00 | -750.0 | -1400.0 | 0.00 | -100.0 | -100.0 |
| 20Q1 (5) | -0.11 | -102.07 | -122.0 | -3.46 | -262.44 | -16.11 | -3.04 | -235.11 | -7.42 | -2.44 | -236.31 | -7.49 | -1.44 | -220.0 | -19.01 | -1.02 | -208.51 | -8.51 | 0.43 | -15.69 | 2.38 | -2.16 | -172.0 | 2.7 | 36.13 | 0.11 | 37.74 | 111.76 | 11.76 | 4.78 | -11.76 | -264.71 | -76.47 | 2.94 | -2.33 | -1.01 |
| 19Q4 (4) | 5.32 | 52.0 | 0.0 | 2.13 | 719.23 | 0.0 | 2.25 | 423.26 | 0.0 | 1.79 | 442.42 | 0.0 | 1.20 | 531.58 | 0.0 | 0.94 | 452.94 | 0.0 | 0.51 | 13.33 | 0.0 | 3.00 | 170.27 | 0.0 | 36.09 | 32.15 | 0.0 | 100.00 | 100.0 | 0.0 | 7.14 | -85.71 | 0.0 | 3.01 | 1.35 | 0.0 |
| 19Q3 (3) | 3.50 | -31.91 | 0.0 | 0.26 | -87.74 | 0.0 | 0.43 | -80.45 | 0.0 | 0.33 | -81.14 | 0.0 | 0.19 | -82.41 | 0.0 | 0.17 | -80.23 | 0.0 | 0.45 | -8.16 | 0.0 | 1.11 | -60.78 | 0.0 | 27.31 | -2.88 | 0.0 | 50.00 | -50.0 | 0.0 | 50.00 | 550.0 | 0.0 | 2.97 | 9.59 | 0.0 |
| 19Q2 (2) | 5.14 | 928.0 | 0.0 | 2.12 | 171.14 | 0.0 | 2.20 | 177.74 | 0.0 | 1.75 | 177.09 | 0.0 | 1.08 | 189.26 | 0.0 | 0.86 | 191.49 | 0.0 | 0.49 | 16.67 | 0.0 | 2.83 | 227.48 | 0.0 | 28.12 | 7.21 | 0.0 | 100.00 | -6.25 | 0.0 | 7.69 | 215.38 | 0.0 | 2.71 | -8.75 | 0.0 |
| 19Q1 (1) | 0.50 | 0.0 | 0.0 | -2.98 | 0.0 | 0.0 | -2.83 | 0.0 | 0.0 | -2.27 | 0.0 | 0.0 | -1.21 | 0.0 | 0.0 | -0.94 | 0.0 | 0.0 | 0.42 | 0.0 | 0.0 | -2.22 | 0.0 | 0.0 | 26.23 | 0.0 | 0.0 | 106.67 | 0.0 | 0.0 | -6.67 | 0.0 | 0.0 | 2.97 | 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) | 6.88 | -33.01 | 4.04 | -43.18 | 0.49 | 0.89 | 4.07 | -46.38 | 3.25 | -46.1 | 9.66 | -48.09 | 7.90 | -41.48 | 2.37 | 6.76 | 4.69 | -42.31 | 26.74 | 10.22 | 98.60 | 5.28 | 0.70 | -88.98 | 0.00 | 0 | 2.51 | -4.2 |
| 2022 (9) | 10.27 | 5.44 | 7.11 | 12.5 | 0.48 | -34.32 | 7.59 | 12.28 | 6.03 | 11.46 | 18.61 | 34.47 | 13.50 | 33.8 | 2.22 | 20.0 | 8.13 | 6.97 | 24.26 | -55.75 | 93.66 | -0.06 | 6.34 | -7.49 | 0.00 | 0 | 2.62 | -11.19 |
| 2021 (8) | 9.74 | 233.56 | 6.32 | 0 | 0.73 | -17.21 | 6.76 | 13420.0 | 5.41 | 8916.67 | 13.84 | 10546.15 | 10.09 | 4945.0 | 1.85 | 10.12 | 7.60 | 637.86 | 54.82 | 187.32 | 93.71 | 0 | 6.86 | -99.14 | 0.06 | -33.59 | 2.95 | -8.1 |
| 2020 (7) | 2.92 | -21.51 | -0.36 | 0 | 0.89 | 46.47 | 0.05 | -92.06 | 0.06 | -87.76 | 0.13 | -88.79 | 0.20 | -78.72 | 1.68 | -5.08 | 1.03 | -20.77 | 19.08 | -47.13 | -700.00 | 0 | 800.00 | 3900.0 | 0.09 | 0 | 3.21 | 9.93 |
| 2019 (6) | 3.72 | -44.23 | 0.50 | -86.84 | 0.60 | 46.44 | 0.63 | -84.25 | 0.49 | -84.88 | 1.16 | -87.67 | 0.94 | -87.82 | 1.77 | -25.0 | 1.30 | -71.18 | 36.09 | 20.42 | 80.00 | -15.64 | 20.00 | 286.67 | 0.00 | 0 | 2.92 | 23.73 |
| 2018 (5) | 6.67 | 11.54 | 3.80 | 28.38 | 0.41 | -21.33 | 4.00 | 27.39 | 3.24 | 24.14 | 9.41 | 54.52 | 7.72 | 45.39 | 2.36 | 16.83 | 4.51 | 21.24 | 29.97 | 89.68 | 94.83 | 0.41 | 5.17 | -6.9 | 0.00 | 0 | 2.36 | -14.49 |
| 2017 (4) | 5.98 | -4.17 | 2.96 | -7.5 | 0.52 | -12.58 | 3.14 | -14.91 | 2.61 | -15.81 | 6.09 | -14.35 | 5.31 | -13.24 | 2.02 | 3.59 | 3.72 | -15.26 | 15.80 | 4.08 | 94.44 | 9.5 | 5.56 | -59.6 | 0.00 | 0 | 2.76 | 0.0 |
| 2016 (3) | 6.24 | 0 | 3.20 | 0 | 0.60 | -17.3 | 3.69 | 0 | 3.10 | 0 | 7.11 | 0 | 6.12 | 0 | 1.95 | 24.2 | 4.39 | 0 | 15.18 | -25.66 | 86.25 | -15.91 | 13.75 | 0 | 0.00 | 0 | 2.76 | 2.6 |
| 2015 (2) | -1.36 | 0 | -4.13 | 0 | 0.73 | 42.3 | -4.04 | 0 | -3.42 | 0 | -6.89 | 0 | -5.24 | 0 | 1.57 | -29.28 | -3.16 | 0 | 20.42 | -42.23 | 102.56 | -77.21 | -2.56 | 0 | 0.00 | 0 | 2.69 | 35.86 |
| 2014 (1) | 5.37 | 0 | 3.28 | 0 | 0.51 | -8.29 | 0.74 | 0 | 0.65 | 0 | 1.74 | 0 | 1.63 | 0 | 2.22 | -6.33 | 1.38 | -61.45 | 35.35 | 366.36 | 450.00 | 372.5 | -350.00 | 0 | 0.00 | 0 | 1.98 | 5.88 |
