- 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 | |||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
23Q2 (20) | -130.05 | -376.02 | -376.9 | -509.26 | -230.05 | -348.85 | -560.42 | -274.59 | -576.84 | -560.42 | -274.59 | -576.84 | -54.70 | -610.39 | -656.57 | -45.35 | -589.21 | -677.87 | 0.08 | 100.0 | 14.29 | -540.00 | -404.01 | -800.0 | 31.10 | 117.94 | 54.73 | 90.43 | -13.68 | -36.16 | 8.70 | 282.61 | 123.19 | 68.74 | -36.53 | 47.7 |
23Q1 (19) | -27.32 | 60.34 | -421.79 | -154.30 | 79.28 | -579.14 | -149.61 | 82.29 | -5021.38 | -149.61 | 82.28 | -5021.38 | -7.70 | 45.2 | -1640.0 | -6.58 | 45.03 | -1442.86 | 0.04 | 300.0 | -69.23 | -107.14 | 85.52 | -876.94 | 14.27 | -17.13 | -40.96 | 104.76 | 18.55 | 116.12 | -4.76 | -140.95 | -100.63 | 108.31 | -61.76 | 271.05 |
22Q4 (18) | -68.88 | -1780.0 | -377.29 | -744.68 | -583.13 | -8679.26 | -844.91 | -7590.34 | -7725.54 | -844.42 | -7585.99 | -7579.36 | -14.05 | -2910.0 | -350.89 | -11.97 | -2646.81 | -382.31 | 0.01 | -75.0 | -97.3 | -740.00 | -1487.59 | -5340.79 | 17.22 | 4.55 | -43.07 | 88.37 | 111.05 | 11.94 | 11.63 | -98.71 | -44.77 | 283.21 | 213.25 | 1808.42 |
22Q3 (17) | 4.10 | 115.03 | -85.9 | -109.01 | 3.92 | -746.94 | 11.28 | 113.62 | -39.32 | 11.28 | 113.62 | -39.32 | 0.50 | 106.92 | -94.21 | 0.47 | 108.06 | -92.59 | 0.04 | -42.86 | -88.24 | 53.33 | 188.88 | 139.15 | 16.47 | -18.06 | -55.57 | -800.00 | -664.71 | -996.0 | 900.00 | 2500.0 | 8300.0 | 90.41 | 94.26 | 1202.74 |
22Q2 (16) | -27.27 | -421.2 | -247.49 | -113.46 | -399.38 | -2107.39 | -82.80 | -2823.68 | -953.44 | -82.80 | -2823.68 | -860.56 | -7.23 | -1546.0 | -254.41 | -5.83 | -1289.8 | -296.6 | 0.07 | -46.15 | -61.11 | -60.00 | -535.1 | -4216.55 | 20.10 | -16.84 | -46.2 | 141.67 | 121.79 | 112.5 | -37.50 | -105.0 | -212.5 | 46.54 | 59.44 | 47.28 |
22Q1 (15) | 8.49 | -65.82 | 160.08 | -22.72 | -361.75 | 59.65 | 3.04 | -72.56 | 106.91 | 3.04 | -73.07 | 106.7 | 0.50 | -91.07 | 108.67 | 0.49 | -88.44 | 110.79 | 0.13 | -64.86 | 30.0 | 13.79 | -2.34 | 142.43 | 24.17 | -20.1 | -16.4 | -650.00 | -923.33 | -602.27 | 750.00 | 3462.5 | 2650.0 | 29.19 | 96.7 | -9.12 |
21Q4 (14) | 24.84 | -14.58 | -28.52 | 8.68 | -48.49 | 213.02 | 11.08 | -40.4 | 106.44 | 11.29 | -39.27 | 106.65 | 5.60 | -35.11 | 134.21 | 4.24 | -33.12 | 132.0 | 0.37 | 8.82 | 362.5 | 14.12 | -36.68 | 108.82 | 30.25 | -18.4 | 34.44 | 78.95 | -11.58 | 1952.63 | 21.05 | 96.49 | -78.11 | 14.84 | 113.83 | -56.67 |
21Q3 (13) | 29.08 | 57.27 | 170.39 | 16.85 | 427.82 | 123.29 | 18.59 | 336.51 | 108.65 | 18.59 | 315.66 | 108.66 | 8.63 | 523.04 | 137.38 | 6.34 | 531.29 | 134.01 | 0.34 | 88.89 | 277.78 | 22.30 | 1704.32 | 111.15 | 37.07 | -0.78 | 54.97 | 89.29 | 33.93 | 167.86 | 10.71 | -67.86 | -83.61 | 6.94 | -78.04 | -67.55 |
21Q2 (12) | 18.49 | 230.86 | 450.85 | -5.14 | 90.87 | 96.6 | -7.86 | 82.14 | 94.95 | -8.62 | 81.0 | 94.52 | -2.04 | 64.64 | 57.23 | -1.47 | 67.62 | 59.05 | 0.18 | 80.0 | 800.0 | -1.39 | 95.72 | 98.61 | 37.36 | 29.23 | 59.66 | 66.67 | -48.48 | -29.17 | 33.33 | 213.33 | 466.67 | 31.60 | -1.62 | -56.55 |
21Q1 (11) | -14.13 | -140.66 | -61.49 | -56.31 | -633.2 | -16.63 | -44.01 | 74.41 | 76.45 | -45.36 | 73.26 | 75.75 | -5.77 | 64.75 | 45.26 | -4.54 | 65.74 | 21.86 | 0.10 | 25.0 | 233.33 | -32.50 | 79.69 | 78.92 | 28.91 | 28.49 | -26.88 | 129.41 | 3264.71 | 396.08 | -29.41 | -130.59 | -139.79 | 32.12 | -6.22 | 0 |
20Q4 (10) | 34.75 | 184.12 | 127.72 | -7.68 | 89.39 | 84.15 | -171.99 | 20.0 | 47.61 | -169.65 | 20.98 | 48.25 | -16.37 | 29.1 | 47.09 | -13.25 | 28.92 | 18.51 | 0.08 | -11.11 | 60.0 | -160.00 | 20.0 | 46.67 | 22.50 | -5.94 | -76.92 | 3.85 | -88.46 | -74.18 | 96.15 | 47.06 | 12.98 | 34.25 | 60.12 | -37.61 |
20Q3 (9) | -41.31 | -683.87 | -1375.0 | -72.36 | 52.09 | -43.71 | -214.98 | -38.11 | -961.11 | -214.70 | -36.59 | -952.45 | -23.09 | -384.07 | -1211.93 | -18.64 | -419.22 | -2525.35 | 0.09 | 350.0 | 80.0 | -200.00 | -100.0 | -4232.23 | 23.92 | 2.22 | -70.16 | 33.33 | -64.58 | -86.02 | 65.38 | 1011.54 | 144.74 | 21.39 | -70.59 | -47.64 |
20Q2 (8) | -5.27 | 39.77 | 93.45 | -151.02 | -212.8 | 32.64 | -155.66 | 16.72 | 41.38 | -157.19 | 15.97 | 36.77 | -4.77 | 54.74 | 44.34 | -3.59 | 38.21 | 22.63 | 0.02 | -33.33 | 0.0 | -100.00 | 35.14 | 52.73 | 23.40 | -40.82 | -69.8 | 94.12 | 260.78 | 11.67 | 5.88 | -92.04 | -62.57 | 72.73 | 0 | -41.74 |
20Q1 (7) | -8.75 | -157.34 | 55.56 | -48.28 | 0.35 | 64.45 | -186.91 | 43.06 | 44.09 | -187.06 | 42.94 | 44.05 | -10.54 | 65.93 | 20.51 | -5.81 | 64.27 | 19.31 | 0.03 | -40.0 | 50.0 | -154.17 | 48.61 | 45.88 | 39.54 | -59.44 | -45.97 | 26.09 | 75.16 | -35.38 | 73.91 | -13.15 | 23.95 | 0.00 | -100.0 | -100.0 |
19Q4 (6) | 15.26 | 370.99 | 278.48 | -48.45 | 3.77 | 49.75 | -328.26 | -1520.24 | -198.45 | -327.83 | -1507.01 | -199.09 | -30.94 | -1657.95 | -446.64 | -16.26 | -2190.14 | -504.46 | 0.05 | 0.0 | 66.67 | -300.00 | -6298.35 | -255.28 | 97.49 | 21.63 | 16.02 | 14.89 | -93.75 | -83.08 | 85.11 | 158.23 | 609.22 | 54.90 | 34.39 | -29.46 |
19Q3 (5) | 3.24 | 104.02 | -38.87 | -50.35 | 77.54 | 37.53 | -20.26 | 92.37 | 1.55 | -20.40 | 91.79 | 1.59 | -1.76 | 79.46 | -69.23 | -0.71 | 84.7 | -195.83 | 0.05 | 150.0 | 150.0 | 4.84 | 102.29 | -44.37 | 80.15 | 3.45 | -16.13 | 238.46 | 182.92 | -35.55 | -146.15 | -1030.07 | 47.8 | 40.85 | -67.28 | -48.48 |
19Q2 (4) | -80.50 | -308.84 | 0.0 | -224.20 | -65.07 | 0.0 | -265.52 | 20.57 | 0.0 | -248.60 | 25.64 | 0.0 | -8.57 | 35.37 | 0.0 | -4.64 | 35.56 | 0.0 | 0.02 | 0.0 | 0.0 | -211.54 | 25.74 | 0.0 | 77.48 | 5.88 | 0.0 | 84.29 | 108.8 | 0.0 | 15.71 | -73.65 | 0.0 | 124.84 | 30.38 | 0.0 |
19Q1 (3) | -19.69 | -130.29 | 0.0 | -135.82 | -40.88 | 0.0 | -334.28 | -203.92 | 0.0 | -334.33 | -205.02 | 0.0 | -13.26 | -134.28 | 0.0 | -7.20 | -167.66 | 0.0 | 0.02 | -33.33 | 0.0 | -284.85 | -237.34 | 0.0 | 73.18 | -12.91 | 0.0 | 40.37 | -54.13 | 0.0 | 59.63 | 396.94 | 0.0 | 95.75 | 23.02 | 0.0 |
18Q4 (2) | -8.55 | -261.32 | 0.0 | -96.41 | -19.62 | 0.0 | -109.99 | -434.45 | 0.0 | -109.61 | -428.75 | 0.0 | -5.66 | -444.23 | 0.0 | -2.69 | -1020.83 | 0.0 | 0.03 | 50.0 | 0.0 | -84.44 | -1070.57 | 0.0 | 84.03 | -12.07 | 0.0 | 88.00 | -76.22 | 0.0 | 12.00 | 104.29 | 0.0 | 77.83 | -1.84 | 0.0 |
18Q3 (1) | 5.30 | 0.0 | 0.0 | -80.60 | 0.0 | 0.0 | -20.58 | 0.0 | 0.0 | -20.73 | 0.0 | 0.0 | -1.04 | 0.0 | 0.0 | -0.24 | 0.0 | 0.0 | 0.02 | 0.0 | 0.0 | 8.70 | 0.0 | 0.0 | 95.56 | 0.0 | 0.0 | 370.00 | 0.0 | 0.0 | -280.00 | 0.0 | 0.0 | 79.29 | 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 | |||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
2022 (10) | -5.68 | 0 | -94.09 | 0 | 22.43 | 467.34 | -60.07 | 0 | -60.04 | 0 | -20.13 | 0 | -15.90 | 0 | 0.27 | -73.53 | -35.51 | 0 | 17.22 | -43.07 | 157.81 | 159.26 | -56.25 | 0 | 0.30 | 36.2 | 54.50 | 229.7 |
2021 (9) | 21.64 | 0 | 3.17 | 0 | 3.95 | -79.84 | 5.40 | 0 | 5.23 | 0 | 6.73 | 0 | 5.53 | 0 | 1.02 | 580.0 | 9.77 | 0 | 30.25 | 34.44 | 60.87 | 105.03 | 43.48 | -38.16 | 0.22 | 0 | 16.53 | -40.75 |
2020 (8) | -7.01 | 0 | -55.74 | 0 | 19.61 | -3.05 | -189.11 | 0 | -188.51 | 0 | -46.31 | 0 | -27.08 | 0 | 0.15 | 7.14 | -164.71 | 0 | 22.50 | -76.92 | 29.69 | -30.97 | 70.31 | 22.8 | 0.00 | 0 | 27.90 | -58.86 |
2019 (7) | -9.51 | 0 | -91.11 | 0 | 20.22 | 129.21 | -212.54 | 0 | -209.96 | 0 | -55.21 | 0 | -28.19 | 0 | 0.14 | 75.0 | -177.53 | 0 | 97.49 | 16.02 | 43.01 | -70.72 | 57.26 | 0 | 0.50 | -96.24 | 67.82 | -17.67 |
2018 (6) | -4.66 | 0 | -97.46 | 0 | 8.82 | 182.35 | -66.06 | 0 | -65.94 | 0 | -11.79 | 0 | -4.56 | 0 | 0.08 | -33.33 | -35.88 | 0 | 84.03 | -37.04 | 146.90 | 50.58 | -47.79 | 0 | 13.17 | 0 | 82.38 | 42.9 |
2017 (5) | 6.44 | -9.8 | -55.33 | 0 | 3.12 | 33.65 | -56.93 | 0 | -58.59 | 0 | -14.48 | 0 | -6.00 | 0 | 0.12 | -52.0 | -42.71 | 0 | 133.46 | 35.6 | 97.56 | 0 | 3.05 | -97.88 | 0.00 | 0 | 57.65 | 94.9 |
2016 (4) | 7.14 | -30.34 | -14.53 | 0 | 2.34 | -43.88 | 33.43 | 272.27 | 26.33 | 573.4 | 12.72 | 1077.78 | 6.92 | 598.99 | 0.25 | 78.57 | 39.39 | 100.56 | 98.42 | 6.0 | -43.55 | 0 | 143.55 | -28.23 | 0.00 | 0 | 29.58 | 8.63 |
2015 (3) | 10.25 | 0 | -8.86 | 0 | 4.17 | -78.11 | 8.98 | 0 | 3.91 | -96.45 | 1.08 | 0 | 0.99 | 0 | 0.14 | 7.69 | 19.64 | 0 | 92.85 | -8.58 | -100.00 | 0 | 200.00 | 387.91 | 0.00 | 0 | 27.23 | 296.94 |
2014 (2) | -19.15 | 0 | -33.26 | 0 | 19.04 | 50.96 | -56.34 | 0 | 110.07 | 0 | -29.57 | 0 | -13.45 | 0 | 0.13 | -79.03 | -35.53 | 0 | 101.56 | -25.73 | 59.01 | -47.08 | 40.99 | 0 | 0.00 | 0 | 6.86 | 331.45 |
2013 (1) | -5.57 | 0 | -8.99 | 0 | 12.61 | -15.46 | -8.09 | 0 | -21.41 | 0 | -4.91 | 0 | -2.20 | 0 | 0.62 | 31.91 | 5.13 | -73.46 | 136.75 | 45.99 | 111.52 | 13.41 | -11.52 | 0 | 0.00 | 0 | 1.59 | -26.05 |