- 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) | -6.49 | 43.71 | -431.12 | -16.03 | 25.2 | -128.02 | -23.31 | -130.34 | -77.94 | -23.31 | -130.34 | -77.94 | -3.05 | -154.17 | -116.31 | -2.64 | -158.82 | -120.0 | 0.11 | 10.0 | 22.22 | -6.02 | -169.52 | -214.89 | 13.16 | -22.08 | 15.14 | 68.97 | -67.63 | 29.31 | 31.03 | 127.45 | -33.5 | 32.91 | -0.69 | 3.39 |
| 23Q3 (19) | -11.53 | 14.21 | -500.52 | -21.43 | 10.22 | -76.09 | -10.12 | 37.41 | -309.09 | -10.12 | 37.41 | -650.0 | -1.20 | 32.2 | -671.43 | -1.02 | 33.33 | -666.67 | 0.10 | 0.0 | 11.11 | 8.66 | 134.05 | -58.86 | 16.89 | 6.36 | -23.09 | 213.04 | 46.21 | 185.22 | -113.04 | -132.74 | -132.3 | 33.14 | -3.77 | -5.4 |
| 23Q2 (18) | -13.44 | 37.78 | -204.11 | -23.87 | 29.9 | -540.41 | -16.17 | 55.77 | -236.57 | -16.17 | 55.77 | -249.17 | -1.77 | 40.0 | -194.65 | -1.53 | 41.38 | -202.0 | 0.10 | 42.86 | -28.57 | 3.70 | 134.13 | -83.66 | 15.88 | 13.35 | -37.06 | 145.71 | 55.94 | 213.29 | -48.57 | -840.71 | -190.81 | 34.44 | -19.38 | 18.64 |
| 23Q1 (17) | -21.60 | -1202.04 | -218.1 | -34.05 | -384.35 | -414.99 | -36.56 | -179.08 | -337.4 | -36.56 | -179.08 | -300.22 | -2.95 | -109.22 | -189.12 | -2.61 | -117.5 | -196.67 | 0.07 | -22.22 | -53.33 | -10.84 | -306.87 | -143.03 | 14.01 | 22.57 | -43.78 | 93.44 | 75.2 | 31.26 | 6.56 | -85.95 | -78.51 | 42.72 | 34.21 | 46.15 |
| 22Q4 (16) | 1.96 | 202.08 | -92.5 | -7.03 | 42.24 | -133.96 | -13.10 | -370.66 | -163.81 | -13.10 | -811.96 | -163.81 | -1.41 | -771.43 | -129.13 | -1.20 | -766.67 | -130.23 | 0.09 | 0.0 | -52.63 | 5.24 | -75.11 | -81.46 | 11.43 | -47.95 | -45.86 | 53.33 | 121.33 | -47.18 | 46.67 | -86.67 | 4860.0 | 31.83 | -9.14 | 39.79 |
| 22Q3 (15) | -1.92 | -114.87 | -106.58 | -12.17 | -324.54 | -150.41 | 4.84 | -59.12 | -80.3 | 1.84 | -83.03 | -92.51 | 0.21 | -88.77 | -96.82 | 0.18 | -88.0 | -96.68 | 0.09 | -35.71 | -59.09 | 21.05 | -7.06 | -32.03 | 21.96 | -12.96 | -5.55 | -250.00 | -637.5 | -355.81 | 350.00 | 554.35 | 23000.0 | 35.03 | 20.67 | 58.51 |
| 22Q2 (14) | 12.91 | -29.41 | -54.67 | 5.42 | -49.86 | -76.21 | 11.84 | -23.12 | -45.91 | 10.84 | -40.64 | -50.48 | 1.87 | -43.5 | -67.81 | 1.50 | -44.44 | -69.01 | 0.14 | -6.67 | -36.36 | 22.65 | -10.08 | -20.97 | 25.23 | 1.24 | 23.07 | 46.51 | -34.66 | -55.53 | 53.49 | 75.32 | 1557.56 | 29.03 | -0.68 | 23.8 |
| 22Q1 (13) | 18.29 | -29.98 | -18.28 | 10.81 | -47.78 | -34.8 | 15.40 | -24.99 | -7.34 | 18.26 | -11.06 | 9.87 | 3.31 | -31.61 | -13.35 | 2.70 | -31.99 | -14.01 | 0.15 | -21.05 | -21.05 | 25.19 | -10.86 | 1.49 | 24.92 | 18.05 | 22.64 | 71.19 | -29.5 | -28.81 | 30.51 | 3211.86 | 0 | 29.23 | 28.37 | 22.05 |
| 21Q4 (12) | 26.12 | -10.55 | 60.34 | 20.70 | -14.25 | 99.81 | 20.53 | -16.44 | 114.08 | 20.53 | -16.44 | 114.08 | 4.84 | -26.67 | 138.42 | 3.97 | -26.75 | 136.31 | 0.19 | -13.64 | 11.76 | 28.26 | -8.75 | 52.92 | 21.11 | -9.2 | -10.36 | 100.98 | 3.33 | -6.99 | -0.98 | -164.71 | 88.56 | 22.77 | 3.03 | -3.52 |
| 21Q3 (11) | 29.20 | 2.53 | 367.2 | 24.14 | 5.97 | 1647.44 | 24.57 | 12.24 | 1298.54 | 24.57 | 12.24 | 1298.54 | 6.60 | 13.6 | 1883.78 | 5.42 | 11.98 | 1906.67 | 0.22 | 0.0 | 46.67 | 30.97 | 8.06 | 284.24 | 23.25 | 13.41 | 21.09 | 97.73 | -6.56 | 17.27 | 1.52 | 141.29 | -95.45 | 22.10 | -5.76 | -14.64 |
| 21Q2 (10) | 28.48 | 27.26 | 1986.09 | 22.78 | 37.39 | 314.91 | 21.89 | 31.71 | 288.87 | 21.89 | 31.71 | 288.87 | 5.81 | 52.09 | 437.79 | 4.84 | 54.14 | 436.11 | 0.22 | 15.79 | 83.33 | 28.66 | 15.47 | 7448.72 | 20.50 | 0.89 | -1.49 | 104.59 | 4.59 | 16.21 | -3.67 | 0 | -136.7 | 23.45 | -2.09 | -43.58 |
| 21Q1 (9) | 22.38 | 37.38 | 539.43 | 16.58 | 60.04 | 416.41 | 16.62 | 73.31 | 555.34 | 16.62 | 73.31 | 555.34 | 3.82 | 88.18 | 770.18 | 3.14 | 86.9 | 768.09 | 0.19 | 11.76 | 46.15 | 24.82 | 34.31 | 300.32 | 20.32 | -13.72 | 15.92 | 100.00 | -7.89 | -28.57 | 0.00 | 100.0 | 100.0 | 23.95 | 1.48 | -29.48 |
| 20Q4 (8) | 16.29 | 160.64 | 232.45 | 10.36 | 764.1 | 439.67 | 9.59 | 567.8 | 279.59 | 9.59 | 567.8 | 279.59 | 2.03 | 648.65 | 333.33 | 1.68 | 660.0 | 333.33 | 0.17 | 13.33 | 21.43 | 18.48 | 129.28 | 385.04 | 23.55 | 22.66 | 27.23 | 108.57 | 30.29 | 80.95 | -8.57 | -125.71 | -118.37 | 23.60 | -8.85 | -28.07 |
| 20Q3 (7) | 6.25 | 513.91 | -45.93 | -1.56 | 85.28 | -136.11 | -2.05 | 82.31 | -137.55 | -2.05 | 82.31 | -137.55 | -0.37 | 78.49 | -134.26 | -0.30 | 79.17 | -132.61 | 0.15 | 25.0 | -11.76 | 8.06 | 2166.67 | -35.52 | 19.20 | -7.74 | -6.61 | 83.33 | -7.41 | 5.56 | 33.33 | 233.33 | 58.33 | 25.89 | -37.7 | -14.95 |
| 20Q2 (6) | -1.51 | -143.14 | -176.65 | -10.60 | -102.29 | -40.03 | -11.59 | -217.53 | -182.68 | -11.59 | -217.53 | -182.68 | -1.72 | -201.75 | -156.72 | -1.44 | -206.38 | -157.14 | 0.12 | -7.69 | -14.29 | -0.39 | -106.29 | -110.32 | 20.81 | 18.71 | 10.05 | 90.00 | -35.71 | -50.91 | 10.00 | 125.0 | 112.0 | 41.56 | 22.38 | 9.31 |
| 20Q1 (5) | 3.50 | -28.57 | 156.36 | -5.24 | -71.8 | 71.21 | -3.65 | 31.65 | 76.81 | -3.65 | 31.65 | 76.81 | -0.57 | 34.48 | 73.97 | -0.47 | 34.72 | 75.13 | 0.13 | -7.14 | 8.33 | 6.20 | 62.73 | 186.11 | 17.53 | -5.29 | 1.04 | 140.00 | 133.33 | 21.33 | -40.00 | -185.71 | -160.0 | 33.96 | 3.51 | -25.85 |
| 19Q4 (4) | 4.90 | -57.61 | 0.0 | -3.05 | -170.6 | 0.0 | -5.34 | -197.8 | 0.0 | -5.34 | -197.8 | 0.0 | -0.87 | -180.56 | 0.0 | -0.72 | -178.26 | 0.0 | 0.14 | -17.65 | 0.0 | 3.81 | -69.52 | 0.0 | 18.51 | -9.97 | 0.0 | 60.00 | -24.0 | 0.0 | 46.67 | 121.67 | 0.0 | 32.81 | 7.79 | 0.0 |
| 19Q3 (3) | 11.56 | 486.8 | 0.0 | 4.32 | 157.07 | 0.0 | 5.46 | 233.17 | 0.0 | 5.46 | 233.17 | 0.0 | 1.08 | 261.19 | 0.0 | 0.92 | 264.29 | 0.0 | 0.17 | 21.43 | 0.0 | 12.50 | 230.69 | 0.0 | 20.56 | 8.73 | 0.0 | 78.95 | -56.94 | 0.0 | 21.05 | 125.26 | 0.0 | 30.44 | -19.94 | 0.0 |
| 19Q2 (2) | 1.97 | 131.72 | 0.0 | -7.57 | 58.41 | 0.0 | -4.10 | 73.95 | 0.0 | -4.10 | 73.95 | 0.0 | -0.67 | 69.41 | 0.0 | -0.56 | 70.37 | 0.0 | 0.14 | 16.67 | 0.0 | 3.78 | 152.5 | 0.0 | 18.91 | 8.99 | 0.0 | 183.33 | 58.89 | 0.0 | -83.33 | -441.67 | 0.0 | 38.02 | -16.99 | 0.0 |
| 19Q1 (1) | -6.21 | 0.0 | 0.0 | -18.20 | 0.0 | 0.0 | -15.74 | 0.0 | 0.0 | -15.74 | 0.0 | 0.0 | -2.19 | 0.0 | 0.0 | -1.89 | 0.0 | 0.0 | 0.12 | 0.0 | 0.0 | -7.20 | 0.0 | 0.0 | 17.35 | 0.0 | 0.0 | 115.38 | 0.0 | 0.0 | -15.38 | 0.0 | 0.0 | 45.80 | 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) | -12.49 | 0 | -22.91 | 0 | 19.95 | 54.45 | -20.54 | 0 | -20.54 | 0 | -8.84 | 0 | -7.84 | 0 | 0.38 | -22.45 | -0.46 | 0 | 13.16 | 15.14 | 111.30 | 523.28 | -11.30 | 0 | 0.00 | 0 | 35.24 | 14.3 |
| 2022 (9) | 9.56 | -64.3 | 1.24 | -94.18 | 12.92 | 80.77 | 6.88 | -67.49 | 6.88 | -67.49 | 3.92 | -81.32 | 3.40 | -80.23 | 0.49 | -39.51 | 19.87 | -29.99 | 11.43 | -45.86 | 17.86 | -82.27 | 82.14 | 0 | 0.00 | 0 | 30.83 | 33.99 |
| 2021 (8) | 26.78 | 281.48 | 21.31 | 0 | 7.15 | -27.94 | 21.16 | 0 | 21.16 | 0 | 20.98 | 0 | 17.20 | 0 | 0.81 | 42.11 | 28.38 | 212.21 | 21.11 | -10.36 | 100.73 | 23.11 | -0.73 | 0 | 0.00 | 0 | 23.01 | -24.23 |
| 2020 (7) | 7.02 | 83.77 | -0.70 | 0 | 9.92 | 23.29 | -0.91 | 0 | -0.91 | 0 | -0.63 | 0 | -0.48 | 0 | 0.57 | 0.0 | 9.09 | 123.89 | 23.55 | 27.23 | 81.82 | -36.96 | 27.27 | 0 | 0.00 | 0 | 30.37 | -15.94 |
| 2019 (6) | 3.82 | 0 | -5.17 | 0 | 8.04 | -32.74 | -4.02 | 0 | -4.02 | 0 | -2.65 | 0 | -2.24 | 0 | 0.57 | 7.55 | 4.06 | 0 | 18.51 | 37.01 | 129.79 | 22.46 | -29.79 | 0 | 0.00 | 0 | 36.13 | -12.5 |
| 2018 (5) | -5.34 | 0 | -47.41 | 0 | 11.96 | -16.99 | -44.71 | 0 | -44.71 | 0 | -27.10 | 0 | -23.69 | 0 | 0.53 | 20.45 | -32.73 | 0 | 13.51 | -10.47 | 105.99 | 10.9 | -5.99 | 0 | 0.00 | 0 | 41.29 | -18.09 |
| 2017 (4) | -18.50 | 0 | -58.22 | 0 | 14.41 | 10.56 | -60.88 | 0 | -60.88 | 0 | -30.64 | 0 | -26.81 | 0 | 0.44 | -4.35 | -46.49 | 0 | 15.09 | 9.99 | 95.57 | 1.89 | 4.43 | -28.62 | 0.00 | 0 | 50.41 | 12.07 |
| 2016 (3) | -6.66 | 0 | -14.74 | 0 | 13.03 | -5.92 | -15.72 | 0 | -15.72 | 0 | -8.17 | 0 | -7.23 | 0 | 0.46 | 0.0 | -2.70 | 0 | 13.72 | 11.27 | 93.80 | -41.91 | 6.20 | 0 | 0.00 | 0 | 44.98 | 8.2 |
| 2015 (2) | -1.69 | 0 | -9.57 | 0 | 13.85 | 10.11 | -5.92 | 0 | -5.95 | 0 | -3.11 | 0 | -2.76 | 0 | 0.46 | -26.98 | 7.93 | -48.41 | 12.33 | -7.01 | 161.47 | 1151.38 | -61.47 | 0 | 0.00 | 0 | 41.57 | 31.18 |
| 2014 (1) | 7.01 | 0 | 0.36 | 0 | 12.58 | -34.94 | 2.78 | 0 | 2.78 | 0 | 2.02 | 0 | 1.74 | 0 | 0.63 | -5.97 | 15.37 | 917.88 | 13.26 | -33.06 | 12.90 | -87.44 | 87.10 | 0 | 0.00 | 0 | 31.69 | 5.35 |
