- 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) | -203.60 | 0 | -67766.67 | -288.62 | 0 | -2196.1 | -309.31 | 0 | -1944.35 | -342.27 | 0 | -2142.92 | -16.85 | -30.52 | -330.95 | -4.51 | -26.69 | -306.31 | 0.01 | 0 | -88.89 | -258.33 | -206.37 | -3443.62 | 260.61 | 8.0 | 37.7 | 92.11 | -59.6 | 7.46 | 7.89 | 106.17 | -44.74 | 123.38 | 159.83 | 770.1 |
| 23Q3 (19) | 0.00 | 100.0 | 100.0 | 0.00 | 100.0 | 100.0 | 0.00 | 100.0 | 100.0 | 0.00 | 100.0 | 100.0 | -12.91 | -3.95 | -198.15 | -3.56 | 4.81 | -167.67 | 0.00 | -100.0 | -100.0 | 242.86 | 318.58 | 2907.63 | 241.30 | 10.5 | 34.84 | 228.00 | 148.12 | 158.4 | -128.00 | -1678.67 | -1188.0 | -206.22 | -471.1 | -1513.43 |
| 23Q2 (18) | -83.53 | -1860.8 | -1942.3 | -125.58 | -614.33 | -661.09 | -136.57 | -559.12 | -628.37 | -148.36 | -582.11 | -682.08 | -12.42 | -130.0 | -186.18 | -3.74 | -139.74 | -171.01 | 0.03 | -62.5 | -62.5 | -111.11 | -788.88 | -933.58 | 218.37 | 10.39 | 28.29 | 91.89 | 3.38 | 4.14 | 8.11 | -51.35 | -31.08 | 55.57 | 210.45 | 218.64 |
| 23Q1 (17) | -4.26 | -1320.0 | 44.02 | -17.58 | -39.86 | 30.38 | -20.72 | -36.95 | 22.63 | -21.75 | -42.53 | 17.96 | -5.40 | -38.11 | 13.6 | -1.56 | -40.54 | 29.09 | 0.08 | -11.11 | -11.11 | -12.50 | -71.47 | 36.87 | 197.82 | 4.52 | 16.47 | 88.89 | 3.7 | -4.0 | 16.67 | 16.67 | 125.0 | 17.90 | 26.23 | 6.36 |
| 22Q4 (16) | -0.30 | -233.33 | 91.5 | -12.57 | 10.02 | 23.59 | -15.13 | 6.43 | 15.66 | -15.26 | 5.28 | 15.36 | -3.91 | 9.7 | -3.17 | -1.11 | 16.54 | 15.27 | 0.09 | -10.0 | 12.5 | -7.29 | 15.72 | 30.77 | 189.26 | 5.76 | 22.74 | 85.71 | -2.86 | -8.93 | 14.29 | 21.43 | 142.86 | 14.18 | -2.81 | -15.6 |
| 22Q3 (15) | -0.09 | 97.8 | 98.78 | -13.97 | 15.33 | -4.96 | -16.17 | 13.76 | 47.91 | -16.11 | 15.08 | 48.71 | -4.33 | 0.23 | 48.76 | -1.33 | 3.62 | 57.51 | 0.10 | 25.0 | -9.09 | -8.65 | 19.53 | 65.14 | 178.95 | 5.13 | 14.87 | 88.24 | 0.0 | 107.61 | 11.76 | 0.0 | -79.54 | 14.59 | -16.34 | 17.09 |
| 22Q2 (14) | -4.09 | 46.25 | -2305.88 | -16.50 | 34.65 | 19.28 | -18.75 | 29.99 | 18.01 | -18.97 | 28.44 | 16.21 | -4.34 | 30.56 | 4.62 | -1.38 | 37.27 | 16.36 | 0.08 | -11.11 | 0.0 | -10.75 | 45.71 | 30.78 | 170.21 | 0.21 | 16.59 | 88.24 | -4.71 | 0.84 | 11.76 | 58.82 | 41.18 | 17.44 | 3.62 | 11.72 |
| 22Q1 (13) | -7.61 | -115.58 | -358.84 | -25.25 | -53.5 | -118.43 | -26.78 | -49.28 | -99.85 | -26.51 | -47.03 | -98.43 | -6.25 | -64.91 | -142.25 | -2.20 | -67.94 | -152.87 | 0.09 | 12.5 | 12.5 | -19.80 | -88.03 | -236.73 | 169.85 | 10.15 | 22.64 | 92.59 | -1.62 | 8.02 | 7.41 | 25.93 | -48.15 | 16.83 | 0.18 | 11.46 |
| 21Q4 (12) | -3.53 | 52.17 | -12.06 | -16.45 | -23.59 | -14.39 | -17.94 | 42.2 | 11.01 | -18.03 | 42.6 | 13.32 | -3.79 | 55.15 | -19.56 | -1.31 | 58.15 | -15.93 | 0.08 | -27.27 | 14.29 | -10.53 | 57.56 | 2.86 | 154.20 | -1.02 | 14.96 | 94.12 | 121.45 | 33.33 | 5.88 | -89.77 | -80.0 | 16.80 | 34.83 | 19.57 |
| 21Q3 (11) | -7.38 | -4241.18 | -180.92 | -13.31 | 34.88 | -355.82 | -31.04 | -35.72 | -702.07 | -31.41 | -38.74 | -705.38 | -8.45 | -85.71 | -654.46 | -3.13 | -89.7 | -1103.85 | 0.11 | 37.5 | -8.33 | -24.81 | -59.76 | -2084.8 | 155.79 | 6.71 | 17.1 | 42.50 | -51.43 | -49.0 | 57.50 | 590.0 | 72.5 | 12.46 | -20.18 | 35.14 |
| 21Q2 (10) | -0.17 | -105.78 | 96.67 | -20.44 | -76.82 | 20.03 | -22.87 | -70.67 | -344.34 | -22.64 | -69.46 | -319.59 | -4.55 | -76.36 | -384.38 | -1.65 | -89.66 | -279.35 | 0.08 | 0.0 | 14.29 | -15.53 | -164.12 | -183.49 | 145.99 | 5.41 | 12.78 | 87.50 | 2.08 | 131.82 | 8.33 | -41.67 | -97.78 | 15.61 | 3.38 | -8.34 |
| 21Q1 (9) | 2.94 | 193.33 | 216.21 | -11.56 | 19.61 | 32.71 | -13.40 | 33.53 | 31.7 | -13.36 | 35.77 | 15.34 | -2.58 | 18.61 | -13.66 | -0.87 | 23.01 | -17.57 | 0.08 | 14.29 | 33.33 | -5.88 | 45.76 | 32.8 | 138.50 | 3.26 | 5.4 | 85.71 | 21.43 | -2.04 | 14.29 | -51.43 | 14.29 | 15.10 | 7.47 | -14.98 |
| 20Q4 (8) | -3.15 | -134.54 | -144.3 | -14.38 | -392.47 | -15.04 | -20.16 | -420.93 | -87.71 | -20.80 | -433.33 | -126.09 | -3.17 | -183.04 | -143.85 | -1.13 | -334.62 | -189.74 | 0.07 | -41.67 | 16.67 | -10.84 | -967.2 | -767.2 | 134.13 | 0.82 | 7.56 | 70.59 | -15.29 | -36.47 | 29.41 | -11.76 | 364.71 | 14.05 | 52.39 | 0 |
| 20Q3 (7) | 9.12 | 278.82 | 221.13 | -2.92 | 88.58 | 68.33 | -3.87 | -141.35 | 67.88 | -3.90 | -137.83 | 60.41 | -1.12 | -170.0 | 49.09 | -0.26 | -128.26 | 67.09 | 0.12 | 71.43 | 20.0 | 1.25 | -93.28 | 120.16 | 133.04 | 2.77 | 3.61 | 83.33 | 130.3 | 11.11 | 33.33 | -91.11 | 33.33 | 9.22 | -45.86 | -16.26 |
| 20Q2 (6) | -5.10 | -101.58 | -270.0 | -25.56 | -48.78 | -65.01 | 9.36 | 147.71 | 151.83 | 10.31 | 165.34 | 170.28 | 1.60 | 170.48 | 168.67 | 0.92 | 224.32 | 209.52 | 0.07 | 16.67 | 0.0 | 18.60 | 312.57 | 294.36 | 129.45 | -1.48 | 3.14 | -275.00 | -414.29 | -433.93 | 375.00 | 2900.0 | 3087.5 | 17.03 | -4.11 | 8.61 |
| 20Q1 (5) | -2.53 | -135.58 | -122.59 | -17.18 | -37.44 | -2716.39 | -19.62 | -82.68 | -175.95 | -15.78 | -71.52 | -125.75 | -2.27 | -74.62 | -47.4 | -0.74 | -89.74 | -45.1 | 0.06 | 0.0 | -40.0 | -8.75 | -600.0 | -475.66 | 131.40 | 5.37 | 1.81 | 87.50 | -21.25 | 687.5 | 12.50 | 212.5 | -87.5 | 17.76 | 0 | 37.46 |
| 19Q4 (4) | 7.11 | 150.35 | 0.0 | -12.50 | -35.57 | 0.0 | -10.74 | 10.87 | 0.0 | -9.20 | 6.6 | 0.0 | -1.30 | 40.91 | 0.0 | -0.39 | 50.63 | 0.0 | 0.06 | -40.0 | 0.0 | -1.25 | 79.84 | 0.0 | 124.70 | -2.88 | 0.0 | 111.11 | 48.15 | 0.0 | -11.11 | -144.44 | 0.0 | 0.00 | -100.0 | 0.0 |
| 19Q3 (3) | 2.84 | -5.33 | 0.0 | -9.22 | 40.48 | 0.0 | -12.05 | 33.28 | 0.0 | -9.85 | 32.86 | 0.0 | -2.20 | 5.58 | 0.0 | -0.79 | 5.95 | 0.0 | 0.10 | 42.86 | 0.0 | -6.20 | 35.21 | 0.0 | 128.40 | 2.3 | 0.0 | 75.00 | -8.93 | 0.0 | 25.00 | 112.5 | 0.0 | 11.01 | -29.78 | 0.0 |
| 19Q2 (2) | 3.00 | -73.21 | 0.0 | -15.49 | -2439.34 | 0.0 | -18.06 | -154.01 | 0.0 | -14.67 | -109.87 | 0.0 | -2.33 | -51.3 | 0.0 | -0.84 | -64.71 | 0.0 | 0.07 | -30.0 | 0.0 | -9.57 | -529.61 | 0.0 | 125.51 | -2.75 | 0.0 | 82.35 | 641.18 | 0.0 | 11.76 | -88.24 | 0.0 | 15.68 | 21.36 | 0.0 |
| 19Q1 (1) | 11.20 | 0.0 | 0.0 | -0.61 | 0.0 | 0.0 | -7.11 | 0.0 | 0.0 | -6.99 | 0.0 | 0.0 | -1.54 | 0.0 | 0.0 | -0.51 | 0.0 | 0.0 | 0.10 | 0.0 | 0.0 | -1.52 | 0.0 | 0.0 | 129.06 | 0.0 | 0.0 | 11.11 | 0.0 | 0.0 | 100.00 | 0.0 | 0.0 | 12.92 | 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) | -78.26 | 0 | -117.57 | 0 | 13.22 | 206.47 | -98.16 | 0 | -114.90 | 0 | -46.77 | 0 | -13.51 | 0 | 0.13 | -63.89 | -71.90 | 0 | 260.61 | 37.7 | 120.34 | 36.5 | -19.49 | 0 | 0.00 | 0 | 50.52 | 220.97 |
| 2022 (9) | -3.01 | 0 | -17.11 | 0 | 4.31 | 8.63 | -19.24 | 0 | -19.24 | 0 | -18.77 | 0 | -6.02 | 0 | 0.36 | 0.0 | -11.68 | 0 | 189.26 | 22.74 | 88.16 | 25.56 | 10.53 | -65.88 | 0.00 | 0 | 15.74 | 6.35 |
| 2021 (8) | -2.34 | 0 | -15.29 | 0 | 3.97 | -9.53 | -21.98 | 0 | -22.04 | 0 | -19.31 | 0 | -7.06 | 0 | 0.36 | 12.5 | -14.95 | 0 | 154.20 | 14.96 | 70.21 | -58.14 | 30.85 | 0 | 0.00 | 0 | 14.80 | 9.47 |
| 2020 (7) | 1.35 | -78.23 | -12.80 | 0 | 4.39 | 0.51 | -7.46 | 0 | -6.65 | 0 | -4.96 | 0 | -1.22 | 0 | 0.32 | -3.03 | 0.49 | 0 | 134.13 | 7.56 | 167.74 | 126.68 | -70.97 | 0 | 0.00 | 0 | 13.52 | 3.44 |
| 2019 (6) | 6.20 | -31.64 | -8.55 | 0 | 4.37 | 52.62 | -11.60 | 0 | -9.90 | 0 | -7.37 | 0 | -2.55 | 0 | 0.33 | -37.74 | -4.60 | 0 | 124.70 | -0.94 | 74.00 | 319.33 | 26.00 | -68.98 | 0.00 | 0 | 13.07 | 6.26 |
| 2018 (5) | 9.07 | -13.95 | -1.98 | 0 | 2.86 | 32.88 | -11.49 | 0 | -15.07 | 0 | -13.76 | 0 | -7.68 | 0 | 0.53 | -30.26 | -7.58 | 0 | 125.88 | 418.88 | 17.65 | 0 | 83.82 | -32.94 | 0.00 | 0 | 12.30 | 5.4 |
| 2017 (4) | 10.54 | -15.21 | -0.17 | 0 | 2.15 | 31.58 | 0.67 | -75.81 | 0.31 | -86.28 | 0.29 | -86.88 | 0.27 | -85.08 | 0.76 | -3.8 | 3.23 | -41.38 | 24.26 | 7.11 | -25.00 | 0 | 125.00 | 239.29 | 0.00 | 0 | 11.67 | 14.41 |
| 2016 (3) | 12.43 | -14.8 | 1.65 | -37.97 | 1.64 | 9.52 | 2.77 | -4.81 | 2.26 | 0.89 | 2.21 | -10.16 | 1.81 | -9.5 | 0.79 | -11.24 | 5.51 | -3.5 | 22.65 | -6.6 | 57.89 | -39.21 | 36.84 | 286.84 | 0.00 | 0 | 10.20 | 6.81 |
| 2015 (2) | 14.59 | 3.84 | 2.66 | 51.14 | 1.49 | -4.62 | 2.91 | 23.83 | 2.24 | 36.59 | 2.46 | 40.57 | 2.00 | 38.89 | 0.89 | 2.3 | 5.71 | 2.7 | 24.25 | 12.16 | 95.24 | 34.92 | 9.52 | -59.52 | 0.00 | 0 | 9.55 | 1.38 |
| 2014 (1) | 14.05 | 0 | 1.76 | 0 | 1.57 | -5.98 | 2.35 | 0 | 1.64 | 0 | 1.75 | 0 | 1.44 | 0 | 0.87 | -3.33 | 5.56 | -4.63 | 21.62 | -9.88 | 70.59 | -12.8 | 23.53 | 64.71 | 0.00 | 0 | 9.42 | 4.67 |
