- 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) | 34.22 | -3.55 | 36.88 | -1159.10 | 18.03 | 41.16 | -1941.14 | -64.92 | 55.86 | -1943.11 | -63.84 | 55.85 | -3.42 | -123.53 | 19.72 | -3.24 | -121.92 | 20.59 | 0.00 | 0 | 0 | -1457.69 | -145.1 | 59.05 | 5.98 | 38.75 | 26.96 | 59.84 | -50.17 | 33.66 | 40.36 | 300.91 | -26.92 | 358.85 | -1.55 | 15.77 |
| 23Q3 (19) | 35.48 | 10.36 | -0.34 | -1414.11 | -0.65 | 35.51 | -1177.05 | 28.18 | -158.83 | -1185.96 | 28.21 | -159.42 | -1.53 | 30.77 | -183.15 | -1.46 | 30.81 | -182.49 | 0.00 | 0 | 0 | -594.74 | 44.42 | -121.68 | 4.31 | -9.64 | 4.61 | 120.09 | 40.32 | 209.42 | -20.09 | -239.34 | -109.58 | 364.51 | 5.87 | -41.2 |
| 23Q2 (18) | 32.15 | -32.9 | -60.57 | -1404.95 | -24.46 | -2573.94 | -1638.89 | -35.22 | -3937.25 | -1652.02 | -36.07 | -5103.09 | -2.21 | -22.78 | -194.44 | -2.11 | -22.67 | -197.24 | 0.00 | 0 | -100.0 | -1070.00 | -49.94 | -1748.69 | 4.77 | 3.92 | 9.66 | 85.58 | -7.91 | -35.63 | 14.42 | 115.46 | 143.76 | 344.30 | 2.1 | 4033.25 |
| 23Q1 (17) | 47.91 | 91.64 | 42.63 | -1128.86 | 42.69 | -1.19 | -1211.99 | 72.44 | -162.41 | -1214.14 | 72.41 | -162.54 | -1.80 | 57.75 | -165.45 | -1.72 | 57.84 | -169.64 | 0.00 | 0 | 0 | -713.64 | 79.95 | -132.44 | 4.59 | -2.55 | -60.43 | 92.94 | 107.59 | 261.81 | 6.69 | -87.88 | -95.75 | 337.21 | 8.79 | -7.34 |
| 22Q4 (16) | 25.00 | -29.78 | -64.75 | -1969.87 | 10.16 | -64.21 | -4397.67 | -319.79 | -725.61 | -4400.87 | -320.49 | -733.23 | -4.26 | -331.52 | -558.06 | -4.08 | -330.51 | -585.71 | 0.00 | 0 | 0 | -3560.00 | -229.79 | -454.03 | 4.71 | 14.32 | -59.57 | 44.77 | 140.79 | 126.17 | 55.23 | -73.67 | -79.63 | 309.96 | -50.0 | -5.4 |
| 22Q3 (15) | 35.60 | -56.34 | -45.77 | -2192.70 | -3961.07 | -144.87 | 2000.82 | 4584.66 | 379.82 | 1995.99 | 5944.79 | 365.33 | 1.84 | -21.37 | 235.29 | 1.77 | -18.43 | 247.5 | 0.00 | -100.0 | 0 | 2742.86 | 4126.29 | 648.57 | 4.12 | -5.29 | -66.83 | -109.75 | -182.55 | -187.59 | 209.75 | 736.58 | 929.23 | 619.87 | 7341.42 | 89.63 |
| 22Q2 (14) | 81.53 | 142.72 | 5.32 | 56.79 | 105.09 | 104.24 | 42.71 | -97.8 | 101.15 | 33.02 | -98.3 | 100.88 | 2.34 | -14.91 | 167.83 | 2.17 | -12.15 | 170.45 | 0.07 | 0 | 0 | 64.90 | -97.05 | 102.0 | 4.35 | -62.5 | -63.63 | 132.95 | 331.47 | 266.19 | -32.95 | -120.93 | -151.73 | 8.33 | -97.71 | -98.16 |
| 22Q1 (13) | 33.59 | -52.64 | -44.3 | -1115.57 | 7.01 | 55.55 | 1941.91 | 176.26 | 81.68 | 1941.32 | 179.33 | 81.63 | 2.75 | 195.7 | 227.38 | 2.47 | 194.05 | 225.0 | 0.00 | 0 | 0 | 2200.00 | 118.78 | 44.91 | 11.60 | -0.43 | 1.67 | -57.44 | 66.43 | 75.65 | 157.44 | -41.93 | -53.13 | 363.92 | 11.07 | -52.11 |
| 21Q4 (12) | 70.92 | 8.03 | 177.9 | -1199.63 | -33.97 | 71.92 | 702.94 | 198.31 | 105.91 | 694.99 | 192.39 | 105.83 | 0.93 | 168.38 | 118.94 | 0.84 | 170.0 | 119.53 | 0.00 | 0 | 0 | 1005.56 | 301.11 | 110.67 | 11.65 | -6.2 | -1.35 | -171.09 | -236.55 | -577.04 | 271.09 | 1171.77 | 322.7 | 327.65 | 0.23 | -64.64 |
| 21Q3 (11) | 65.65 | -15.19 | -15.85 | -895.45 | 33.18 | 86.58 | -715.04 | 80.67 | -170.1 | -752.27 | 79.94 | -173.75 | -1.36 | 60.58 | -718.18 | -1.20 | 61.04 | -731.58 | 0.00 | 0 | 0 | -500.00 | 84.56 | -118.52 | 12.42 | 3.85 | -26.98 | 125.29 | 245.11 | 119.43 | -25.29 | -139.71 | -103.4 | 326.89 | -27.61 | -90.73 |
| 21Q2 (10) | 77.41 | 28.37 | -13.71 | -1340.18 | 46.59 | -116.96 | -3699.39 | -446.11 | -340.2 | -3750.74 | -450.91 | -343.53 | -3.45 | -510.71 | -153.65 | -3.08 | -505.26 | -154.8 | 0.00 | 0 | 0 | -3238.46 | -313.31 | -298.53 | 11.96 | 4.82 | -33.11 | 36.31 | 115.39 | 190.39 | 63.69 | -81.04 | -54.49 | 451.59 | -40.57 | 0 |
| 21Q1 (9) | 60.30 | 136.29 | 571.46 | -2509.44 | 41.27 | 43.85 | 1068.86 | 108.99 | 118.1 | 1068.86 | 108.96 | 118.1 | 0.84 | 117.11 | 127.81 | 0.76 | 117.67 | 127.64 | 0.00 | 0 | 0 | 1518.18 | 116.12 | 129.01 | 11.41 | -3.39 | 10.45 | -235.90 | -757.72 | -412.36 | 335.90 | 423.74 | 1272.18 | 759.86 | -18.0 | -31.31 |
| 20Q4 (8) | 25.52 | -67.29 | -11.39 | -4272.63 | 35.96 | 25.13 | -11893.90 | -1266.05 | -62.94 | -11930.50 | -1269.63 | -63.44 | -4.91 | -2331.82 | -85.28 | -4.30 | -2363.16 | -77.69 | 0.00 | 0 | 0 | -9420.00 | -448.89 | -38.53 | 11.81 | -30.57 | 46.34 | 35.87 | 105.56 | -54.38 | 64.13 | -91.39 | 191.98 | 926.70 | -73.71 | -46.51 |
| 20Q3 (7) | 78.02 | -13.03 | 279.69 | -6672.19 | -980.15 | -269.6 | 1020.02 | -33.77 | 189.04 | 1020.02 | -33.77 | 189.04 | 0.22 | -96.58 | 117.74 | 0.19 | -96.62 | 117.76 | 0.00 | 0 | 0 | 2700.00 | 65.52 | 464.86 | 17.01 | -4.87 | 96.19 | -645.00 | -1505.92 | -509.76 | 745.00 | 432.3 | 1397.74 | 3524.72 | 0 | 442.76 |
| 20Q2 (6) | 89.71 | 801.41 | 199.8 | -617.71 | 86.18 | 74.58 | 1540.13 | 126.08 | 149.27 | 1540.13 | 126.08 | 149.27 | 6.43 | 312.91 | 303.48 | 5.62 | 304.36 | 324.8 | 0.00 | 0 | 0 | 1631.25 | 131.17 | 155.3 | 17.88 | 73.09 | -28.22 | -40.16 | -153.18 | -151.53 | 139.96 | 471.75 | 534.48 | 0.00 | -100.0 | -100.0 |
| 20Q1 (5) | -12.79 | -144.41 | -178.65 | -4469.06 | 21.68 | -396.03 | -5904.38 | 19.11 | -713.19 | -5904.38 | 19.11 | -713.19 | -3.02 | -13.96 | -117.27 | -2.75 | -13.64 | -137.07 | 0.00 | 0 | 0 | -5233.33 | 23.04 | -851.51 | 10.33 | 28.0 | -53.57 | 75.52 | -3.93 | -40.38 | 24.48 | 11.44 | 204.91 | 1106.29 | -36.15 | 134.78 |
| 19Q4 (4) | 28.80 | 166.33 | 0.0 | -5706.48 | -216.1 | 0.0 | -7299.49 | -537.2 | 0.0 | -7299.49 | -537.2 | 0.0 | -2.65 | -113.71 | 0.0 | -2.42 | -126.17 | 0.0 | 0.00 | 0 | 0.0 | -6800.00 | -818.92 | 0.0 | 8.07 | -6.92 | 0.0 | 78.61 | -50.06 | 0.0 | 21.97 | 138.26 | 0.0 | 1732.63 | 166.8 | 0.0 |
| 19Q3 (3) | -43.42 | 51.7 | 0.0 | -1805.26 | 25.71 | 0.0 | -1145.56 | 63.35 | 0.0 | -1145.56 | 63.35 | 0.0 | -1.24 | 60.76 | 0.0 | -1.07 | 57.2 | 0.0 | 0.00 | 0 | 0.0 | -740.00 | 74.92 | 0.0 | 8.67 | -65.19 | 0.0 | 157.41 | 101.96 | 0.0 | -57.41 | -360.25 | 0.0 | 649.41 | -13.79 | 0.0 |
| 19Q2 (2) | -89.89 | -1858.39 | 0.0 | -2429.96 | -169.71 | 0.0 | -3125.98 | -330.53 | 0.0 | -3125.98 | -330.53 | 0.0 | -3.16 | -127.34 | 0.0 | -2.50 | -115.52 | 0.0 | 0.00 | 0 | 0.0 | -2950.00 | -436.36 | 0.0 | 24.91 | 11.96 | 0.0 | 77.94 | -38.47 | 0.0 | 22.06 | 194.54 | 0.0 | 753.29 | 59.87 | 0.0 |
| 19Q1 (1) | -4.59 | 0.0 | 0.0 | -900.96 | 0.0 | 0.0 | -726.08 | 0.0 | 0.0 | -726.08 | 0.0 | 0.0 | -1.39 | 0.0 | 0.0 | -1.16 | 0.0 | 0.0 | 0.00 | 0.0 | 0.0 | -550.00 | 0.0 | 0.0 | 22.25 | 0.0 | 0.0 | 126.67 | 0.0 | 0.0 | -23.33 | 0.0 | 0.0 | 471.20 | 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) | 37.52 | -52.65 | -1263.64 | 0 | 129.89 | 1170.25 | -1517.90 | 0 | -1523.99 | 0 | -9.00 | 0 | -8.52 | 0 | 0.01 | -85.71 | -991.95 | 0 | 5.98 | 26.96 | 83.30 | 0 | 16.78 | -89.06 | 11.53 | -14.44 | 351.22 | 1193.15 |
| 2022 (9) | 79.24 | 15.7 | -22.66 | 0 | 10.23 | -93.97 | 42.38 | 0 | 33.02 | 0 | 2.43 | 0 | 2.27 | 0 | 0.07 | 0 | 89.21 | 0 | 4.71 | -59.57 | -53.32 | 0 | 153.32 | 0 | 13.47 | -14.44 | 27.16 | -93.59 |
| 2021 (8) | 68.49 | -7.23 | -1335.27 | 0 | 169.70 | -24.98 | -602.09 | 0 | -627.72 | 0 | -2.96 | 0 | -2.63 | 0 | 0.00 | 0 | -293.94 | 0 | 11.65 | -1.35 | 221.72 | -17.64 | -121.72 | 0 | 15.75 | -5.49 | 423.53 | -17.66 |
| 2020 (7) | 73.83 | 0 | -1618.01 | 0 | 226.19 | -44.52 | -600.75 | 0 | -604.92 | 0 | -2.49 | 0 | -2.21 | 0 | 0.00 | 0 | -123.81 | 0 | 11.81 | 46.34 | 269.20 | 181.28 | -169.20 | 0 | 16.66 | -54.43 | 514.39 | -38.56 |
| 2019 (6) | -26.17 | 0 | -2313.42 | 0 | 407.69 | 604.2 | -2421.23 | 0 | -2421.23 | 0 | -7.57 | 0 | -6.90 | 0 | 0.00 | 0 | -1953.85 | 0 | 8.07 | 3.07 | 95.71 | 77.64 | 4.60 | -90.02 | 36.56 | 1541.76 | 837.27 | 137.26 |
| 2018 (5) | 45.86 | -13.08 | -701.03 | 0 | 57.89 | -56.58 | -1299.01 | 0 | -1299.01 | 0 | -10.51 | 0 | -10.09 | 0 | 0.01 | 0 | -1226.32 | 0 | 7.83 | 638.68 | 53.88 | -39.53 | 46.12 | 323.24 | 2.23 | 0 | 352.89 | -86.78 |
| 2017 (4) | 52.76 | 5.5 | -5376.61 | 0 | 133.33 | 100.0 | -6027.17 | 0 | -6027.17 | 0 | -6.21 | 0 | -6.14 | 0 | 0.00 | 0 | -5033.33 | 0 | 1.06 | -14.52 | 89.10 | -88.96 | 10.90 | 0 | 0.00 | 0 | 2668.46 | 193.23 |
| 2016 (3) | 50.01 | 31.36 | -1984.10 | 0 | 66.67 | 6.67 | -249.99 | 0 | -249.99 | 0 | -0.54 | 0 | -0.53 | 0 | 0.00 | 0 | -166.67 | 0 | 1.24 | -17.88 | 807.14 | 673.86 | -707.14 | 0 | 0.00 | 0 | 910.01 | 70.8 |
| 2015 (2) | 38.07 | -28.02 | -1239.74 | 0 | 62.50 | -37.5 | -1189.99 | 0 | -1186.29 | 0 | -3.96 | 0 | -3.86 | 0 | 0.00 | 0 | -1075.00 | 0 | 1.51 | -63.44 | 104.30 | 0 | -4.30 | 0 | 0.00 | 0 | 532.80 | -42.85 |
| 2014 (1) | 52.89 | 0 | -2156.93 | 0 | 100.00 | 0.0 | 4057.49 | 0 | 3645.30 | 0 | 10.24 | 0 | 9.73 | 0 | 0.00 | 0 | 4580.00 | -26.37 | 4.13 | -34.44 | -53.15 | 0 | 153.15 | 9.24 | 0.00 | 0 | 932.32 | -32.24 |
