- 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) | -21.57 | -1431.48 | 96.71 | -935.95 | -4883.76 | 37.59 | -4180.24 | -2985985.71 | -28.26 | -4281.92 | -177573.03 | -31.38 | -9.94 | -3213.33 | 5.6 | -4.02 | -2464.71 | -0.5 | 0.00 | -100.0 | 0 | -5500.00 | -43407.09 | -100.0 | 98.66 | -45.3 | -37.12 | 22.58 | 0 | -50.0 | 77.42 | 0 | 45.45 | 537.23 | 4126.83 | 33.22 |
| 23Q3 (19) | 1.62 | 5300.0 | -20.59 | -18.78 | -14.23 | -29.43 | 0.14 | 100.97 | 101.47 | -2.41 | 86.62 | 77.05 | -0.30 | 89.09 | 85.98 | 0.17 | 123.94 | 125.37 | 0.04 | -20.0 | -55.56 | 12.70 | 350.99 | 422.34 | 180.35 | -2.94 | 30.34 | 0.00 | -100.0 | -100.0 | 0.00 | 100.0 | 100.0 | 12.71 | 35.07 | 107.68 |
| 23Q2 (18) | 0.03 | 100.78 | -99.81 | -16.44 | 97.86 | 69.26 | -14.41 | 99.2 | 76.99 | -18.01 | 99.0 | 72.97 | -2.75 | 51.67 | -20.09 | -0.71 | 62.23 | 13.41 | 0.05 | 0 | 150.0 | -5.06 | 99.56 | 84.1 | 185.81 | 6.89 | 52.55 | 118.18 | 181.82 | 37.88 | -18.18 | -131.31 | -227.27 | 9.41 | -98.06 | -73.28 |
| 23Q1 (17) | -3.86 | 99.41 | -191.69 | -767.23 | 48.84 | -10395.62 | -1793.80 | 44.96 | -19897.77 | -1793.80 | 44.96 | -16680.17 | -5.69 | 45.96 | -65.89 | -1.88 | 53.0 | -57.98 | 0.00 | 0 | -100.0 | -1150.00 | 58.18 | -22672.28 | 173.84 | 10.79 | 46.23 | 41.94 | -7.14 | -49.68 | 58.06 | 9.09 | 248.39 | 484.44 | 20.12 | 11658.25 |
| 22Q4 (16) | -654.81 | -32198.53 | -9786.54 | -1499.63 | -10235.15 | -9957.88 | -3259.21 | -34135.4 | -59374.64 | -3259.21 | -30940.1 | -52214.77 | -10.53 | -392.06 | -875.0 | -4.00 | -497.01 | -1900.0 | 0.00 | -100.0 | -100.0 | -2750.00 | -69696.95 | -286558.33 | 156.91 | 13.4 | 8.45 | 45.16 | -69.89 | -83.06 | 53.23 | 206.45 | 131.94 | 403.28 | 6489.54 | 5320.43 |
| 22Q3 (15) | 2.04 | -86.86 | -96.43 | -14.51 | 72.87 | 15.44 | -9.52 | 84.8 | 74.85 | -10.50 | 84.24 | 72.26 | -2.14 | 6.55 | -92.79 | -0.67 | 18.29 | -294.12 | 0.09 | 350.0 | 800.0 | -3.94 | 87.62 | -167.01 | 138.37 | 13.6 | -2.25 | 150.00 | 75.0 | 250.0 | -50.00 | -450.0 | -187.5 | 6.12 | -82.62 | -85.89 |
| 22Q2 (14) | 15.52 | 268.65 | -24.7 | -53.48 | -631.6 | -620.75 | -62.63 | -598.22 | -631.66 | -66.62 | -523.2 | -625.71 | -2.29 | 33.24 | -157.3 | -0.82 | 31.09 | -310.0 | 0.02 | -85.71 | -50.0 | -31.82 | -530.1 | 0 | 121.80 | 2.46 | -11.81 | 85.71 | 2.86 | 7.14 | 14.29 | -14.29 | -28.57 | 35.22 | 754.85 | 166.21 |
| 22Q1 (13) | 4.21 | -37.72 | -90.59 | -7.31 | 50.97 | 95.16 | -8.97 | -63.69 | 95.68 | -10.69 | -71.59 | 94.86 | -3.43 | -217.59 | -32.95 | -1.19 | -495.0 | -32.22 | 0.14 | 100.0 | 1300.0 | -5.05 | -626.04 | 96.47 | 118.88 | -17.83 | -16.44 | 83.33 | -68.75 | 13.64 | 16.67 | 110.0 | -37.5 | 4.12 | -44.62 | -96.07 |
| 21Q4 (12) | 6.76 | -88.18 | 77.43 | -14.91 | 13.11 | 14.99 | -5.48 | 85.52 | 71.31 | -6.23 | 83.54 | 67.38 | -1.08 | 2.7 | 62.76 | -0.20 | -17.65 | 82.14 | 0.07 | 600.0 | 0.0 | 0.96 | -83.67 | 107.44 | 144.68 | 2.2 | 13.22 | 266.67 | 522.22 | 200.0 | -166.67 | -391.67 | -3100.0 | 7.44 | -82.84 | -17.15 |
| 21Q3 (11) | 57.21 | 177.58 | 30.95 | -17.16 | -131.27 | 92.81 | -37.85 | -342.17 | 86.66 | -37.85 | -312.31 | 86.66 | -1.11 | -24.72 | 53.56 | -0.17 | 15.0 | 81.91 | 0.01 | -75.0 | 0 | 5.88 | 0 | 103.27 | 141.56 | 2.5 | 25.31 | 42.86 | -46.43 | -50.55 | 57.14 | 185.71 | 328.57 | 43.36 | 227.74 | -70.94 |
| 21Q2 (10) | 20.61 | -53.94 | 86.52 | -7.42 | 95.09 | 63.79 | -8.56 | 95.88 | 65.77 | -9.18 | 95.58 | 63.29 | -0.89 | 65.5 | 61.3 | -0.20 | 77.78 | 76.74 | 0.04 | 300.0 | 0.0 | 0.00 | 100.0 | 100.0 | 138.11 | -2.92 | 30.91 | 80.00 | 9.09 | 0.0 | 20.00 | -25.0 | 0.0 | 13.23 | -87.37 | 0 |
| 21Q1 (9) | 44.75 | 1074.54 | 232.47 | -151.05 | -761.17 | -677.01 | -207.85 | -988.22 | -812.82 | -207.85 | -988.22 | -812.82 | -2.58 | 11.03 | -20.0 | -0.90 | 19.64 | -21.62 | 0.01 | -85.71 | -75.0 | -142.86 | -1007.44 | -1165.37 | 142.27 | 11.33 | 21.57 | 73.33 | -17.5 | -14.44 | 26.67 | 380.0 | 86.67 | 104.79 | 1066.93 | 671.65 |
| 20Q4 (8) | 3.81 | -91.28 | -78.58 | -17.54 | 92.65 | 75.58 | -19.10 | 93.27 | 72.65 | -19.10 | 93.27 | 74.79 | -2.90 | -21.34 | -3.94 | -1.12 | -19.15 | -19.15 | 0.07 | 0 | 250.0 | -12.90 | 92.83 | 71.62 | 127.79 | 13.12 | 4.58 | 88.89 | 2.56 | -16.67 | 5.56 | -58.33 | 0 | 8.98 | -93.98 | -74.81 |
| 20Q3 (7) | 43.69 | 295.38 | 170.02 | -238.63 | -1064.62 | -1207.56 | -283.69 | -1034.31 | -1140.99 | -283.69 | -1034.31 | -1140.99 | -2.39 | -3.91 | 12.45 | -0.94 | -9.3 | -16.05 | 0.00 | -100.0 | -100.0 | -180.00 | -1080.33 | -1199.64 | 112.97 | 7.08 | -26.12 | 86.67 | 8.33 | 8.33 | 13.33 | -33.33 | -33.33 | 149.19 | 0 | 1025.11 |
| 20Q2 (6) | 11.05 | -17.9 | -23.74 | -20.49 | -5.4 | 72.28 | -25.01 | -9.84 | 72.74 | -25.01 | -9.84 | 72.74 | -2.30 | -6.98 | 39.95 | -0.86 | -16.22 | 28.93 | 0.04 | 0.0 | 100.0 | -15.25 | -35.08 | 75.6 | 105.50 | -9.85 | -34.05 | 80.00 | -6.67 | 3.53 | 20.00 | 40.0 | 10.0 | 0.00 | -100.0 | -100.0 |
| 20Q1 (5) | 13.46 | -24.34 | -15.24 | -19.44 | 72.94 | 79.31 | -22.77 | 67.4 | 81.36 | -22.77 | 69.95 | 81.36 | -2.15 | 22.94 | 35.82 | -0.74 | 21.28 | 29.52 | 0.04 | 100.0 | 300.0 | -11.29 | 75.16 | 84.95 | 117.03 | -4.22 | -20.91 | 85.71 | -19.64 | 14.29 | 14.29 | 0 | -42.86 | 13.58 | -61.91 | -75.42 |
| 19Q4 (4) | 17.79 | 9.95 | 0.0 | -71.83 | -293.59 | 0.0 | -69.84 | -205.51 | 0.0 | -75.77 | -231.45 | 0.0 | -2.79 | -2.2 | 0.0 | -0.94 | -16.05 | 0.0 | 0.02 | -60.0 | 0.0 | -45.45 | -228.16 | 0.0 | 122.19 | -20.09 | 0.0 | 106.67 | 33.33 | 0.0 | -0.00 | -100.0 | 0.0 | 35.65 | 168.85 | 0.0 |
| 19Q3 (3) | 16.18 | 11.66 | 0.0 | -18.25 | 75.31 | 0.0 | -22.86 | 75.08 | 0.0 | -22.86 | 75.08 | 0.0 | -2.73 | 28.72 | 0.0 | -0.81 | 33.06 | 0.0 | 0.05 | 150.0 | 0.0 | -13.85 | 77.84 | 0.0 | 152.91 | -4.42 | 0.0 | 80.00 | 3.53 | 0.0 | 20.00 | 10.0 | 0.0 | 13.26 | -70.84 | 0.0 |
| 19Q2 (2) | 14.49 | -8.75 | 0.0 | -73.91 | 21.35 | 0.0 | -91.74 | 24.89 | 0.0 | -91.74 | 24.89 | 0.0 | -3.83 | -14.33 | 0.0 | -1.21 | -15.24 | 0.0 | 0.02 | 100.0 | 0.0 | -62.50 | 16.67 | 0.0 | 159.98 | 8.12 | 0.0 | 77.27 | 3.03 | 0.0 | 18.18 | -27.27 | 0.0 | 45.47 | -17.69 | 0.0 |
| 19Q1 (1) | 15.88 | 0.0 | 0.0 | -93.97 | 0.0 | 0.0 | -122.14 | 0.0 | 0.0 | -122.14 | 0.0 | 0.0 | -3.35 | 0.0 | 0.0 | -1.05 | 0.0 | 0.0 | 0.01 | 0.0 | 0.0 | -75.00 | 0.0 | 0.0 | 147.97 | 0.0 | 0.0 | 75.00 | 0.0 | 0.0 | 25.00 | 0.0 | 0.0 | 55.24 | 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) | 0.46 | -17.86 | -35.68 | 0 | 6.85 | 139.04 | -71.57 | 0 | -75.67 | 0 | -16.58 | 0 | -6.37 | 0 | 0.10 | -58.33 | -51.37 | 0 | 98.66 | -37.12 | 50.00 | -28.08 | 50.00 | 64.06 | 0.00 | 0 | 21.82 | 143.8 |
| 2022 (9) | 0.56 | -96.75 | -20.90 | 0 | 2.87 | -41.1 | -30.14 | 0 | -31.72 | 0 | -19.23 | 0 | -6.66 | 0 | 0.24 | 84.62 | -22.06 | 0 | 156.91 | 8.45 | 69.52 | -32.52 | 30.48 | 0 | 0.00 | 0 | 8.95 | -45.66 |
| 2021 (8) | 17.24 | 82.43 | -18.28 | 0 | 4.86 | 18.92 | -17.55 | 0 | -18.16 | 0 | -5.61 | 0 | -1.47 | 0 | 0.13 | -13.33 | -3.78 | 0 | 144.68 | 13.22 | 103.03 | 20.53 | -3.03 | 0 | 0.00 | 0 | 16.47 | 11.28 |
| 2020 (7) | 9.45 | -41.34 | -24.15 | 0 | 4.09 | -25.78 | -28.11 | 0 | -28.11 | 0 | -9.72 | 0 | -3.50 | 0 | 0.15 | 66.67 | -17.27 | 0 | 127.79 | 4.58 | 85.48 | 2.58 | 14.52 | -4.99 | 0.00 | 0 | 14.80 | -47.94 |
| 2019 (6) | 16.11 | 1.58 | -47.48 | 0 | 5.51 | 0 | -56.36 | 0 | -57.40 | 0 | -11.57 | 0 | -3.90 | 0 | 0.09 | 80.0 | -35.43 | 0 | 122.19 | -14.38 | 83.33 | -10.98 | 15.28 | 187.22 | 0.00 | 0 | 28.43 | -37.38 |
| 2018 (5) | 15.86 | 16.02 | -110.34 | 0 | 0.00 | 0 | -117.09 | 0 | -117.09 | 0 | -13.97 | 0 | -5.80 | 0 | 0.05 | -70.59 | -103.75 | 0 | 142.72 | 39.89 | 93.62 | -97.12 | 5.32 | 0 | 0.00 | 0 | 45.40 | 141.62 |
| 2017 (4) | 13.67 | 0 | -25.24 | 0 | 0.00 | 0 | -0.93 | 0 | -0.93 | 0 | -0.32 | 0 | 0.03 | 0 | 0.17 | 750.0 | 0.39 | 0 | 102.02 | -11.39 | 3250.00 | 2678.63 | -3150.00 | 0 | 0.00 | 0 | 18.79 | -90.71 |
| 2016 (3) | -51.89 | 0 | -420.69 | 0 | 0.00 | 0 | -359.64 | 0 | -359.63 | 0 | -13.61 | 0 | -7.00 | 0 | 0.02 | -77.78 | -348.39 | 0 | 115.13 | 70.94 | 116.96 | 0 | -16.96 | 0 | 0.00 | 0 | 202.16 | 141.5 |
| 2015 (2) | 7.01 | -50.81 | -121.72 | 0 | 0.83 | 760.0 | 87.37 | 9942.53 | 95.37 | 10862.07 | 13.58 | 1080.87 | 8.45 | 918.07 | 0.09 | -86.57 | 91.67 | 6222.07 | 67.35 | 5.7 | -139.05 | 0 | 238.10 | 2042.86 | 0.00 | 0 | 83.71 | 1069.13 |
| 2014 (1) | 14.25 | 0 | 0.75 | 0 | 0.10 | 19.77 | 0.87 | 0 | 0.87 | 0 | 1.15 | 0 | 0.83 | 0 | 0.67 | -33.66 | 1.45 | -83.02 | 63.72 | -51.21 | 88.89 | -2.65 | 11.11 | 21.05 | 0.00 | 0 | 7.16 | 102.26 |
