- 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) | 5.68 | -2.24 | -69.8 | -12.17 | -3.57 | -200.08 | -9.62 | 23.71 | -174.98 | -8.58 | -3.25 | -182.18 | -3.61 | -9.06 | -135.5 | -1.09 | -5.83 | -134.94 | 0.16 | 0.0 | -42.86 | -2.03 | 52.35 | -112.81 | 170.49 | 2.42 | -21.67 | 127.27 | 36.82 | 34.5 | -27.27 | -490.91 | -607.69 | 18.61 | -1.12 | 140.13 |
| 23Q3 (19) | 5.81 | 192.37 | -61.6 | -11.75 | 44.94 | -225.53 | -12.61 | 31.87 | -251.56 | -8.31 | 56.81 | -209.78 | -3.31 | 60.17 | -129.93 | -1.03 | 69.07 | -131.12 | 0.16 | -11.11 | -61.9 | -4.26 | 64.65 | -141.12 | 166.46 | 24.13 | -41.36 | 93.02 | -19.38 | -17.05 | 6.98 | 145.35 | 155.3 | 18.82 | 19.26 | 236.67 |
| 23Q2 (18) | -6.29 | -238.24 | -387.21 | -21.34 | -83.97 | -173.59 | -18.51 | -42.82 | -156.02 | -19.24 | -57.32 | -176.83 | -8.31 | -49.19 | -79.48 | -3.33 | -82.97 | -134.51 | 0.18 | 12.5 | -18.18 | -12.05 | -67.13 | -233.8 | 134.10 | -0.01 | -36.31 | 115.38 | 28.83 | 6.51 | -15.38 | -247.44 | -84.62 | 15.78 | -7.12 | 39.89 |
| 23Q1 (17) | 4.55 | -75.81 | 12.07 | -11.60 | -195.39 | -89.85 | -12.96 | -201.01 | -81.51 | -12.23 | -217.15 | -70.1 | -5.57 | -154.77 | -20.3 | -1.82 | -158.33 | -21.33 | 0.16 | -42.86 | -27.27 | -7.21 | -145.49 | -89.74 | 134.12 | -38.38 | -32.59 | 89.57 | -5.35 | 4.49 | 10.43 | 94.25 | -26.96 | 16.99 | 119.23 | 60.59 |
| 22Q4 (16) | 18.81 | 24.32 | 99.47 | 12.16 | 29.91 | 4966.67 | 12.83 | 54.21 | 1341.57 | 10.44 | 37.91 | 857.8 | 10.17 | -8.05 | 1312.5 | 3.12 | -5.74 | 906.45 | 0.28 | -33.33 | 21.74 | 15.85 | 52.99 | 249.89 | 217.66 | -23.32 | 12.49 | 94.63 | -15.62 | 246.97 | 5.37 | 142.58 | -92.61 | 7.75 | 38.64 | -29.93 |
| 22Q3 (15) | 15.13 | 590.87 | 53.14 | 9.36 | 220.0 | 23500.0 | 8.32 | 215.08 | 3228.0 | 7.57 | 208.92 | 1555.77 | 11.06 | 338.88 | 3260.0 | 3.31 | 333.1 | 4828.57 | 0.42 | 90.91 | 68.0 | 10.36 | 386.98 | 155.8 | 283.87 | 34.82 | 56.46 | 112.15 | 3.52 | 436.45 | -12.62 | -51.4 | -109.46 | 5.59 | -50.44 | -47.26 |
| 22Q2 (14) | 2.19 | -46.06 | -75.31 | -7.80 | -27.66 | -369.88 | -7.23 | -1.26 | -885.87 | -6.95 | 3.34 | -665.04 | -4.63 | 0.0 | -761.43 | -1.42 | 5.33 | -494.44 | 0.22 | 0.0 | -8.33 | -3.61 | 5.0 | -177.8 | 210.55 | 5.82 | 43.88 | 108.33 | 26.39 | 160.19 | -8.33 | -158.33 | -102.98 | 11.28 | 6.62 | -4.89 |
| 22Q1 (13) | 4.06 | -56.95 | -66.47 | -6.11 | -2645.83 | -423.28 | -7.14 | -902.25 | -508.0 | -7.19 | -759.63 | -791.35 | -4.63 | -743.06 | -871.67 | -1.50 | -583.87 | -568.75 | 0.22 | -4.35 | -12.0 | -3.80 | -183.89 | -171.56 | 198.97 | 2.83 | 65.45 | 85.71 | 214.29 | -22.45 | 14.29 | -80.36 | 235.71 | 10.58 | -4.34 | -13.28 |
| 21Q4 (12) | 9.43 | -4.55 | -30.3 | 0.24 | 700.0 | -94.55 | 0.89 | 256.0 | -75.0 | 1.09 | 309.62 | -57.75 | 0.72 | 305.71 | -59.78 | 0.31 | 542.86 | -61.73 | 0.23 | -8.0 | -20.69 | 4.53 | 11.85 | -29.98 | 193.49 | 6.65 | 46.71 | 27.27 | 181.82 | -77.99 | 72.73 | -45.45 | 404.13 | 11.06 | 4.34 | -5.55 |
| 21Q3 (11) | 9.88 | 11.39 | -40.45 | -0.04 | 97.59 | -100.64 | 0.25 | -72.83 | -95.47 | -0.52 | -142.28 | -111.66 | -0.35 | -150.0 | -108.25 | -0.07 | -119.44 | -104.02 | 0.25 | 4.17 | -34.21 | 4.05 | -12.72 | -49.31 | 181.43 | 23.98 | 24.53 | -33.33 | 81.48 | -129.33 | 133.33 | -52.38 | 1077.78 | 10.60 | -10.62 | 2.42 |
| 21Q2 (10) | 8.87 | -26.75 | -44.56 | -1.66 | -187.83 | -122.71 | 0.92 | -47.43 | -89.78 | 1.23 | 18.27 | -84.41 | 0.70 | 16.67 | -89.23 | 0.36 | 12.5 | -86.42 | 0.24 | -4.0 | -25.0 | 4.64 | -12.62 | -61.59 | 146.34 | 21.69 | -10.18 | -180.00 | -262.86 | -320.65 | 280.00 | 2760.0 | 1420.0 | 11.86 | -2.79 | 0 |
| 21Q1 (9) | 12.11 | -10.5 | 47.68 | 1.89 | -57.05 | 152.94 | 1.75 | -50.84 | 149.44 | 1.04 | -59.69 | 137.41 | 0.60 | -66.48 | 135.5 | 0.32 | -60.49 | 155.17 | 0.25 | -13.79 | 4.17 | 5.31 | -17.93 | 2428.57 | 120.26 | -8.82 | -18.38 | 110.53 | -10.8 | 10.53 | -10.53 | 55.98 | 0 | 12.20 | 4.18 | 4.45 |
| 20Q4 (8) | 13.53 | -18.44 | -3.63 | 4.40 | -29.82 | 1.85 | 3.56 | -35.51 | 22.34 | 2.58 | -42.15 | -4.09 | 1.79 | -57.78 | -12.25 | 0.81 | -53.45 | -8.99 | 0.29 | -23.68 | -3.33 | 6.47 | -19.02 | 10.03 | 131.89 | -9.47 | -15.16 | 123.91 | 9.04 | -17.39 | -23.91 | -75.36 | 49.18 | 11.71 | 13.14 | 7.63 |
| 20Q3 (7) | 16.59 | 3.69 | 11.34 | 6.27 | -14.23 | 45.48 | 5.52 | -38.67 | 1.1 | 4.46 | -43.47 | 3.24 | 4.24 | -34.77 | 33.75 | 1.74 | -34.34 | 29.85 | 0.38 | 18.75 | 35.71 | 7.99 | -33.86 | -5.33 | 145.69 | -10.58 | -5.85 | 113.64 | 39.3 | 41.47 | -13.64 | -174.03 | -163.99 | 10.35 | 0 | 0.29 |
| 20Q2 (6) | 16.00 | 95.12 | 59.05 | 7.31 | 304.76 | 337.72 | 9.00 | 354.24 | 132.56 | 7.89 | 383.81 | 223.36 | 6.50 | 484.62 | 240.31 | 2.65 | 556.9 | 235.44 | 0.32 | 33.33 | 14.29 | 12.08 | 5652.38 | 98.36 | 162.92 | 10.57 | -1.84 | 81.58 | -18.42 | 91.71 | 18.42 | 0 | -67.93 | 0.00 | -100.0 | -100.0 |
| 20Q1 (5) | 8.20 | -41.6 | -33.33 | -3.57 | -182.64 | -400.0 | -3.54 | -221.65 | -4033.33 | -2.78 | -203.35 | -479.17 | -1.69 | -182.84 | -293.02 | -0.58 | -165.17 | -625.0 | 0.24 | -20.0 | -22.58 | 0.21 | -96.43 | -85.31 | 147.35 | -5.22 | -23.36 | 100.00 | -33.33 | -94.12 | -0.00 | 100.0 | 100.0 | 11.68 | 7.35 | 24.79 |
| 19Q4 (4) | 14.04 | -5.77 | 0.0 | 4.32 | 0.23 | 0.0 | 2.91 | -46.7 | 0.0 | 2.69 | -37.73 | 0.0 | 2.04 | -35.65 | 0.0 | 0.89 | -33.58 | 0.0 | 0.30 | 7.14 | 0.0 | 5.88 | -30.33 | 0.0 | 155.46 | 0.47 | 0.0 | 150.00 | 86.73 | 0.0 | -47.06 | -320.81 | 0.0 | 10.88 | 5.43 | 0.0 |
| 19Q3 (3) | 14.90 | 48.11 | 0.0 | 4.31 | 158.08 | 0.0 | 5.46 | 41.09 | 0.0 | 4.32 | 77.05 | 0.0 | 3.17 | 65.97 | 0.0 | 1.34 | 69.62 | 0.0 | 0.28 | 0.0 | 0.0 | 8.44 | 38.59 | 0.0 | 154.74 | -6.77 | 0.0 | 80.33 | 88.77 | 0.0 | 21.31 | -62.9 | 0.0 | 10.32 | -2.18 | 0.0 |
| 19Q2 (2) | 10.06 | -18.21 | 0.0 | 1.67 | 40.34 | 0.0 | 3.87 | 4200.0 | 0.0 | 2.44 | 608.33 | 0.0 | 1.91 | 544.19 | 0.0 | 0.79 | 1087.5 | 0.0 | 0.28 | -9.68 | 0.0 | 6.09 | 325.87 | 0.0 | 165.98 | -13.67 | 0.0 | 42.55 | -97.5 | 0.0 | 57.45 | 103.83 | 0.0 | 10.55 | 12.71 | 0.0 |
| 19Q1 (1) | 12.30 | 0.0 | 0.0 | 1.19 | 0.0 | 0.0 | 0.09 | 0.0 | 0.0 | -0.48 | 0.0 | 0.0 | -0.43 | 0.0 | 0.0 | -0.08 | 0.0 | 0.0 | 0.31 | 0.0 | 0.0 | 1.43 | 0.0 | 0.0 | 192.27 | 0.0 | 0.0 | 1700.00 | 0.0 | 0.0 | -1500.00 | 0.0 | 0.0 | 9.36 | 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) | 2.33 | -80.6 | -14.24 | 0 | 4.85 | 125.89 | -13.53 | 0 | -12.30 | 0 | -20.83 | 0 | -6.20 | 0 | 0.57 | -50.43 | -6.60 | 0 | 170.49 | -21.67 | 105.37 | -1.5 | -5.37 | 0 | 0.14 | 52.31 | 17.46 | 117.43 |
| 2022 (9) | 12.01 | 19.38 | 4.51 | 4000.0 | 2.15 | -33.41 | 4.22 | 353.76 | 3.31 | 386.76 | 11.62 | 595.81 | 4.34 | 404.65 | 1.15 | 21.05 | 7.03 | 52.49 | 217.66 | 12.49 | 106.97 | 819.93 | -6.97 | 0 | 0.09 | -36.51 | 8.03 | -29.5 |
| 2021 (8) | 10.06 | -28.8 | 0.11 | -97.41 | 3.22 | 28.52 | 0.93 | -77.96 | 0.68 | -80.63 | 1.67 | -83.77 | 0.86 | -81.14 | 0.95 | -21.49 | 4.61 | -35.7 | 193.49 | 46.71 | 11.63 | -88.43 | 88.37 | 0 | 0.15 | -45.18 | 11.39 | 6.85 |
| 2020 (7) | 14.13 | 10.74 | 4.25 | 53.43 | 2.51 | 43.35 | 4.22 | 44.03 | 3.51 | 67.14 | 10.29 | 54.97 | 4.56 | 61.7 | 1.21 | 4.31 | 7.17 | 36.57 | 131.89 | -15.16 | 100.46 | 6.37 | -0.46 | 0 | 0.27 | 6.26 | 10.66 | 4.1 |
| 2019 (6) | 12.76 | -4.35 | 2.77 | 37.81 | 1.75 | 43.96 | 2.93 | -17.46 | 2.10 | -15.32 | 6.64 | -18.02 | 2.82 | -19.66 | 1.16 | -11.45 | 5.25 | -0.76 | 155.46 | -17.82 | 94.44 | 65.97 | 5.56 | -87.11 | 0.25 | 278.97 | 10.24 | -2.57 |
| 2018 (5) | 13.34 | -38.53 | 2.01 | -70.74 | 1.22 | -23.35 | 3.55 | -44.44 | 2.48 | -44.52 | 8.10 | -21.21 | 3.51 | -31.31 | 1.31 | 19.09 | 5.29 | -39.95 | 189.17 | 72.85 | 56.91 | -47.08 | 43.09 | 0 | 0.07 | 0 | 10.51 | -20.44 |
| 2017 (4) | 21.70 | 1.21 | 6.87 | -3.24 | 1.59 | -12.8 | 6.39 | -16.03 | 4.47 | -15.66 | 10.28 | -11.07 | 5.11 | -15.12 | 1.10 | -0.9 | 8.81 | -14.71 | 109.44 | 0.03 | 107.52 | 15.47 | -7.52 | 0 | 0.00 | 0 | 13.21 | -3.65 |
| 2016 (3) | 21.44 | -10.93 | 7.10 | -16.76 | 1.82 | 42.85 | 7.61 | -27.18 | 5.30 | -32.4 | 11.56 | -31.15 | 6.02 | -35.06 | 1.11 | -4.31 | 10.33 | -18.66 | 109.41 | 29.2 | 93.12 | 14.14 | 6.88 | -62.64 | 0.00 | 0 | 13.71 | -15.0 |
| 2015 (2) | 24.07 | -12.19 | 8.53 | -38.41 | 1.27 | 91.47 | 10.45 | -32.58 | 7.84 | -39.08 | 16.79 | -64.89 | 9.27 | -59.04 | 1.16 | -33.71 | 12.70 | -23.17 | 84.68 | -1.18 | 81.58 | -8.53 | 18.42 | 73.58 | 0.00 | 0 | 16.13 | 5.63 |
| 2014 (1) | 27.41 | 0 | 13.85 | 0 | 0.66 | -22.7 | 15.50 | 0 | 12.87 | 0 | 47.82 | 0 | 22.63 | 0 | 1.75 | -17.84 | 16.53 | 76.23 | 85.69 | -53.48 | 89.18 | -8.94 | 10.61 | 414.69 | 0.00 | 0 | 15.27 | -0.26 |
