- 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) | 29.11 | 39.82 | 141.18 | -19.21 | -211.35 | -371.33 | -204.81 | -146.37 | -8578.39 | -166.58 | -100.84 | -4553.07 | -1.46 | -21.67 | -421.43 | -0.02 | 50.0 | -116.67 | 0.00 | 0 | -100.0 | 0.00 | -100.0 | -100.0 | 485.02 | 21.09 | 56.01 | 8.82 | 1.47 | 102.65 | 88.24 | -3.36 | -79.64 | 26.03 | 161.08 | 2477.23 |
| 23Q3 (19) | 20.82 | 0 | -79.18 | -6.17 | 0 | 100.0 | -83.13 | 0 | 100.0 | -82.94 | 0 | 100.0 | -1.20 | 34.07 | 18.37 | -0.04 | 84.0 | 66.67 | 0.00 | 0 | 0 | 7.14 | 0 | 0 | 400.55 | 13.45 | -6.94 | 8.70 | -66.67 | -52.17 | 91.30 | 23.53 | 11.59 | 9.97 | 0 | -100.0 |
| 23Q2 (18) | 0.00 | -100.0 | -100.0 | 0.00 | -100.0 | -100.0 | 0.00 | -100.0 | -100.0 | 0.00 | -100.0 | -100.0 | -1.82 | -275.0 | -105.97 | -0.25 | -158.14 | -104.51 | 0.00 | -100.0 | -100.0 | 0.00 | -100.0 | -100.0 | 353.06 | 15.36 | -12.34 | 26.09 | -84.35 | -74.54 | 73.91 | 210.87 | 3093.48 | 0.00 | -100.0 | -100.0 |
| 23Q1 (17) | 18.29 | 51.53 | 113.72 | 12.99 | 83.47 | 100.05 | 7.83 | 431.78 | -99.9 | 7.73 | 315.92 | -99.9 | 1.04 | 471.43 | 940.0 | 0.43 | 258.33 | 290.91 | 0.03 | 50.0 | 0 | 14.71 | 37.35 | 0 | 306.04 | -1.56 | -45.25 | 166.67 | 150.0 | 141.67 | -66.67 | -115.38 | -113.33 | 0.95 | -5.94 | -99.99 |
| 22Q4 (16) | 12.07 | -87.93 | -77.6 | 7.08 | 100.0 | -22.79 | -2.36 | 100.0 | -101.32 | -3.58 | 100.0 | -102.0 | -0.28 | 80.95 | -111.11 | 0.12 | 200.0 | -80.65 | 0.02 | 0 | 0 | 10.71 | 0 | -95.06 | 310.90 | -27.77 | -16.47 | -333.33 | -1933.33 | -7100.0 | 433.33 | 429.63 | 355.0 | 1.01 | -100.0 | -95.32 |
| 22Q3 (15) | 100.00 | 5.65 | 223.83 | -441300.00 | -484885.24 | -7927.93 | -2207000.00 | -2486300.29 | -9607.52 | -2207100.00 | -2517896.03 | -9607.95 | -1.47 | -104.82 | -152.31 | -0.12 | -102.17 | -117.91 | 0.00 | -100.0 | 0 | 0.00 | -100.0 | 0 | 430.43 | 6.87 | 14.86 | 18.18 | -82.26 | 172.73 | 81.82 | 3413.64 | -34.55 | 261700.00 | 11183660.68 | 6972.97 |
| 22Q2 (14) | 94.65 | 170.99 | 231.29 | 91.03 | 100.37 | 100.51 | 88.77 | -98.82 | 100.5 | 87.66 | -98.83 | 100.5 | 30.47 | 30370.0 | 4647.76 | 5.54 | 4936.36 | 3015.79 | 0.06 | 0 | 0 | 92.54 | 0 | 0 | 402.76 | -27.95 | 55.34 | 102.47 | 125.62 | 2.47 | -2.47 | -100.49 | 0 | 2.34 | -99.99 | -99.98 |
| 22Q1 (13) | -133.33 | -347.41 | -317.04 | -24500.00 | -267275.57 | -3017.05 | 7506.67 | 4093.2 | 1053.86 | 7506.67 | 4093.2 | 1078.6 | 0.10 | -96.03 | 117.86 | 0.11 | -82.26 | 168.75 | 0.00 | 0 | 0 | 0.00 | -100.0 | 0 | 558.99 | 50.19 | 120.0 | -400.00 | -8500.0 | -500.0 | 500.00 | 425.0 | 0 | 16973.30 | 78480.09 | 3438.98 |
| 21Q4 (12) | 53.89 | 74.51 | 0 | 9.17 | 100.17 | 100.01 | 179.02 | -99.23 | 100.15 | 179.02 | -99.23 | 100.15 | 2.52 | -10.32 | 493.75 | 0.62 | -7.46 | 338.46 | 0.00 | 0 | 0 | 216.67 | 0 | 0 | 372.20 | -0.68 | 59.68 | 4.76 | 119.05 | -95.24 | 95.24 | -23.81 | 0 | 21.60 | -99.42 | -99.97 |
| 21Q3 (11) | 30.88 | 8.09 | 85.24 | -5497.06 | 68.93 | 87.98 | 23213.20 | 231.86 | 152.32 | 23213.20 | 231.86 | 152.32 | 2.81 | 519.4 | 697.87 | 0.67 | 452.63 | 297.06 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 374.73 | 44.53 | 477.93 | -25.00 | -125.0 | -125.0 | 125.00 | 0 | 0 | 3700.00 | -65.24 | -84.28 |
| 21Q2 (10) | 28.57 | -53.49 | -61.27 | -17695.20 | -2151.3 | -41501.97 | -17604.80 | -2137.01 | -39048.67 | -17604.80 | -2195.04 | -50863.55 | -0.67 | -19.64 | -178.82 | -0.19 | -18.75 | -125.0 | 0.00 | 0 | -100.0 | 0.00 | 0 | -100.0 | 259.28 | 2.04 | 1935.16 | 100.00 | 0.0 | 0.0 | -0.00 | 0 | 0 | 10642.90 | 2119.07 | 0 |
| 21Q1 (9) | 61.43 | 0 | -2.49 | -786.00 | 99.38 | -1524.95 | -786.98 | 99.35 | -1504.32 | -767.08 | 99.36 | -1468.81 | -0.56 | 12.5 | -106.36 | -0.16 | 38.46 | -102.05 | 0.00 | 0 | -100.0 | 0.00 | 0 | -100.0 | 254.09 | 9.01 | 1913.39 | 100.00 | 0.0 | 0.0 | -0.00 | 0 | -100.0 | 479.61 | -99.26 | 20396.15 |
| 20Q4 (8) | 0.00 | -100.0 | 0 | -127467.00 | -178.72 | 32.7 | -120700.00 | -172.05 | 4.58 | -120700.00 | -172.05 | 4.58 | -0.64 | -36.17 | -156.0 | -0.26 | 23.53 | -18.18 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 233.09 | 259.48 | 1622.76 | 100.00 | 0.0 | -50.0 | -0.00 | 0 | 100.0 | 64433.30 | 173.8 | -42.06 |
| 20Q3 (7) | 16.67 | -77.4 | -66.66 | -45733.30 | -107103.51 | 10.85 | -44366.70 | -98256.42 | 80.9 | -44366.70 | -128031.66 | 80.9 | -0.47 | -155.29 | 73.74 | -0.34 | -144.74 | 78.34 | 0.00 | -100.0 | 0 | 0.00 | -100.0 | 0 | 64.84 | 408.95 | 374.32 | 100.00 | 0.0 | 350.0 | -0.00 | 0 | -100.0 | 23533.30 | 0 | -14.19 |
| 20Q2 (6) | 73.76 | 17.08 | 0 | 42.74 | -22.52 | 100.02 | 45.20 | -19.34 | 100.04 | 34.68 | -38.12 | 100.03 | 0.85 | -90.35 | 504.76 | 0.76 | -90.24 | 500.0 | 0.02 | -85.71 | 0 | 42.86 | -24.1 | 0 | 12.74 | 0.95 | -5.35 | 100.00 | 0.0 | -50.0 | 0.00 | -100.0 | 100.0 | 0.00 | -100.0 | -100.0 |
| 20Q1 (5) | 63.00 | 0 | 108.29 | 55.16 | 100.03 | 100.12 | 56.04 | 100.04 | -99.76 | 56.04 | 100.04 | -99.76 | 8.81 | 3624.0 | 3904.55 | 7.79 | 3640.91 | 4000.0 | 0.14 | 0 | 0 | 56.47 | 0 | 0 | 12.62 | -6.73 | -5.47 | 100.00 | -50.0 | 150.0 | 2.13 | 102.13 | -99.29 | 2.34 | -100.0 | -99.99 |
| 19Q4 (4) | 0.00 | -100.0 | 0.0 | -189400.00 | -269.2 | 0.0 | -126500.00 | 45.55 | 0.0 | -126500.00 | 45.55 | 0.0 | -0.25 | 86.03 | 0.0 | -0.22 | 85.99 | 0.0 | 0.00 | 0 | 0.0 | 0.00 | 0 | 0.0 | 13.53 | -1.02 | 0.0 | 200.00 | 800.0 | 0.0 | -100.00 | -228.57 | 0.0 | 111200.00 | 305.47 | 0.0 |
| 19Q3 (3) | 50.00 | 0 | 0.0 | -51300.00 | 73.65 | 0.0 | -232325.00 | -108.55 | 0.0 | -232325.00 | -108.55 | 0.0 | -1.79 | -752.38 | 0.0 | -1.57 | -726.32 | 0.0 | 0.00 | 0 | 0.0 | 0.00 | 0 | 0.0 | 13.67 | 1.56 | 0.0 | 22.22 | -88.89 | 0.0 | 77.78 | 177.78 | 0.0 | 27425.00 | -74.18 | 0.0 |
| 19Q2 (2) | 0.00 | 100.0 | 0.0 | -194700.00 | -319.07 | 0.0 | -111400.00 | -583.09 | 0.0 | -111400.00 | -583.09 | 0.0 | -0.21 | -195.45 | 0.0 | -0.19 | -200.0 | 0.0 | 0.00 | 0 | 0.0 | 0.00 | 0 | 0.0 | 13.46 | 0.82 | 0.0 | 200.00 | 200.0 | 0.0 | -100.00 | -133.33 | 0.0 | 106200.00 | 273.42 | 0.0 |
| 19Q1 (1) | -760.00 | 0.0 | 0.0 | -46460.00 | 0.0 | 0.0 | 23060.00 | 0.0 | 0.0 | 23060.00 | 0.0 | 0.0 | 0.22 | 0.0 | 0.0 | 0.19 | 0.0 | 0.0 | 0.00 | 0.0 | 0.0 | 0.00 | 0.0 | 0.0 | 13.35 | 0.0 | 0.0 | -200.00 | 0.0 | 0.0 | 300.00 | 0.0 | 0.0 | 28440.00 | 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) | 19.07 | -74.67 | 7.84 | -88.8 | 0.95 | 464.87 | -18.27 | 0 | -20.55 | 0 | -3.36 | 0 | 0.10 | -98.39 | 0.03 | -66.67 | 12.34 | -83.31 | 485.02 | 56.01 | -43.10 | 0 | 143.10 | 0 | 0.00 | 0 | 3.86 | 33.1 |
| 2022 (9) | 75.28 | 39.48 | 69.99 | 0 | 0.17 | -97.98 | 63.88 | -73.83 | 62.75 | -74.36 | 23.91 | 564.17 | 6.22 | 554.74 | 0.09 | 0 | 73.95 | -75.35 | 310.90 | -16.47 | 109.74 | 0 | -9.47 | 0 | 0.00 | 0 | 2.90 | -96.15 |
| 2021 (8) | 53.97 | -16.34 | -77.83 | 0 | 8.33 | 716.67 | 244.05 | 407.06 | 244.71 | 424.57 | 3.60 | -57.89 | 0.95 | -74.67 | 0.00 | 0 | 300.00 | 512.49 | 372.20 | 59.68 | -33.33 | 0 | 133.33 | 6166.67 | 0.00 | 0 | 75.24 | 831.19 |
| 2020 (7) | 64.51 | 0 | 46.74 | 0 | 1.02 | 0 | 48.13 | 0 | 46.65 | 0 | 8.55 | 0 | 3.75 | 0 | 0.08 | 0 | 48.98 | 0 | 233.09 | 1622.76 | 97.87 | 34.57 | 2.13 | -88.3 | 0.00 | 0 | 8.08 | -99.98 |
| 2019 (6) | -327.27 | 0 | -74690.90 | 0 | 0.00 | 0 | -95627.30 | 0 | -95627.30 | 0 | -2.02 | 0 | -1.78 | 0 | 0.00 | 0 | 0.00 | 0 | 13.53 | 1.27 | 72.73 | 9.09 | 18.18 | -45.45 | 0.00 | 0 | 42663.60 | 60.85 |
| 2018 (5) | -211.76 | 0 | -48211.80 | 0 | 0.00 | 0 | -69876.50 | 0 | -69876.50 | 0 | -2.24 | 0 | -1.98 | 0 | 0.00 | 0 | 0.00 | 0 | 13.36 | 2.06 | 66.67 | -50.0 | 33.33 | 0 | 0.00 | 0 | 26523.50 | 151.94 |
| 2017 (4) | -58.14 | 0 | -18451.20 | 0 | 0.00 | 0 | -12951.20 | 0 | -12951.20 | 0 | -1.03 | 0 | -0.91 | 0 | 0.00 | 0 | 0.00 | 0 | 13.09 | 0.61 | 133.33 | 16.67 | -33.33 | 0 | 0.00 | 0 | 10527.90 | 36.87 |
| 2016 (3) | -27.42 | 0 | -12816.10 | 0 | 0.00 | 0 | -11345.20 | 0 | -11345.20 | 0 | -1.29 | 0 | -1.14 | 0 | 0.00 | 0 | 0.00 | 0 | 13.01 | 1.17 | 114.29 | 65.08 | -14.29 | 0 | 0.00 | 0 | 7691.94 | 38359.7 |
| 2015 (2) | 75.16 | -1.7 | 37.89 | 279.66 | 0.00 | 0 | 54.05 | 52.25 | 46.54 | 58.51 | 2.02 | 197.06 | 1.79 | 198.33 | 0.04 | 100.0 | 54.17 | 62.53 | 12.86 | -2.72 | 69.23 | 176.92 | 30.77 | -58.97 | 0.00 | 0 | 20.00 | -45.46 |
| 2014 (1) | 76.46 | 0 | 9.98 | 0 | 0.00 | 0 | 35.50 | 0 | 29.36 | 0 | 0.68 | 0 | 0.60 | 0 | 0.02 | -80.0 | 33.33 | -36.47 | 13.22 | -1.64 | 25.00 | -75.0 | 75.00 | 0 | 0.00 | 0 | 36.67 | 394.87 |
