- 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) | -8.60 | -480.53 | -163.24 | -43.59 | -131.49 | -963.17 | -10.42 | -255.63 | -348.1 | -10.45 | -256.66 | -329.67 | -0.82 | -115.79 | -153.59 | -0.53 | -178.95 | -156.38 | 0.06 | -33.33 | -68.42 | 4.42 | -26.58 | -42.6 | 35.18 | -6.66 | -51.99 | 419.23 | -35.5 | 249.36 | -319.23 | 41.96 | -1496.15 | 40.42 | 45.5 | 234.05 |
| 23Q3 (19) | 2.26 | -73.47 | -75.54 | -18.83 | -665.45 | -6393.1 | -2.93 | -384.47 | -138.5 | -2.93 | -136.29 | -138.76 | -0.38 | -22.58 | -114.79 | -0.19 | -58.33 | -112.5 | 0.09 | -40.0 | -52.63 | 6.02 | 5.43 | -46.82 | 37.69 | -33.98 | -49.03 | 650.00 | 360.0 | 17650.0 | -550.00 | -257.14 | -630.36 | 27.78 | 79.11 | 122.95 |
| 23Q2 (18) | 8.52 | -21.62 | 72.47 | -2.46 | -254.72 | 75.45 | 1.03 | -2.83 | -81.54 | -1.24 | -221.57 | -124.6 | -0.31 | -191.18 | -131.31 | -0.12 | -146.15 | -119.35 | 0.15 | -21.05 | 36.36 | 5.71 | 24.67 | -52.93 | 57.09 | -16.71 | -29.3 | -250.00 | -261.76 | -39.34 | 350.00 | 741.67 | 25.26 | 15.51 | 27.44 | -21.11 |
| 23Q1 (17) | 10.87 | -20.07 | 358.65 | 1.59 | -68.51 | 112.35 | 1.06 | -74.76 | 110.07 | 1.02 | -77.58 | 109.69 | 0.34 | -77.78 | 116.11 | 0.26 | -72.34 | 122.22 | 0.19 | 0.0 | 58.33 | 4.58 | -40.52 | 213.93 | 68.54 | -6.46 | -8.95 | 154.55 | 28.79 | 27.5 | -54.55 | -172.73 | -140.0 | 12.17 | 0.58 | -40.86 |
| 22Q4 (16) | 13.60 | 47.19 | 39.2 | 5.05 | 1841.38 | 143.42 | 4.20 | -44.81 | -97.46 | 4.55 | -39.81 | -96.8 | 1.53 | -40.47 | -95.42 | 0.94 | -38.16 | -95.04 | 0.19 | 0.0 | 46.15 | 7.70 | -31.98 | -95.55 | 73.27 | -0.92 | 7.85 | 120.00 | 3340.0 | 1814.52 | -20.00 | -119.29 | -118.68 | 12.10 | -2.89 | -45.32 |
| 22Q3 (15) | 9.24 | 87.04 | 4520.0 | -0.29 | 97.11 | 99.34 | 7.61 | 36.38 | 119.4 | 7.56 | 50.0 | 119.08 | 2.57 | 159.6 | 128.3 | 1.52 | 145.16 | 131.34 | 0.19 | 72.73 | 58.33 | 11.32 | -6.68 | 138.09 | 73.95 | -8.42 | -17.34 | -3.70 | 97.94 | -103.3 | 103.70 | -62.88 | 937.61 | 12.46 | -36.62 | -73.81 |
| 22Q2 (14) | 4.94 | 108.44 | 255.84 | -10.02 | 22.14 | 63.85 | 5.58 | 152.99 | 120.69 | 5.04 | 147.86 | 118.68 | 0.99 | 146.92 | 114.98 | 0.62 | 152.99 | 117.27 | 0.11 | -8.33 | -15.38 | 12.13 | 401.74 | 164.25 | 80.75 | 7.27 | -1.17 | -179.41 | -248.01 | -274.23 | 279.41 | 1329.41 | 9488.24 | 19.66 | -4.47 | -39.43 |
| 22Q1 (13) | 2.37 | -75.74 | 230.94 | -12.87 | -10.66 | 39.58 | -10.53 | -106.36 | 40.44 | -10.53 | -107.42 | 40.44 | -2.11 | -106.31 | 60.71 | -1.17 | -106.18 | 53.94 | 0.12 | -7.69 | -20.0 | -4.02 | -102.32 | 60.82 | 75.28 | 10.8 | -8.16 | 121.21 | 1831.84 | 0.87 | -22.73 | -121.22 | -12.73 | 20.58 | -7.0 | -27.48 |
| 21Q4 (12) | 9.77 | 4785.0 | 381.28 | -11.63 | 73.58 | 3.24 | 165.45 | 521.85 | 1418.33 | 141.98 | 458.35 | 1231.31 | 33.42 | 468.06 | 635.58 | 18.94 | 490.52 | 854.58 | 0.13 | 8.33 | -38.1 | 173.06 | 682.3 | 2551.27 | 67.94 | -24.06 | -50.55 | -7.00 | -106.23 | -107.29 | 107.09 | 965.0 | 2555.95 | 22.13 | -53.49 | 59.9 |
| 21Q3 (11) | 0.20 | 106.31 | -95.54 | -44.02 | -58.8 | -442.79 | -39.22 | -45.42 | -437.26 | -39.62 | -46.85 | -442.74 | -9.08 | -37.37 | -124.75 | -4.85 | -35.1 | -193.94 | 0.12 | -7.69 | -50.0 | -29.72 | -57.42 | -868.08 | 89.46 | 9.48 | -37.93 | 112.38 | 9.13 | 1.39 | -12.38 | -316.0 | -14.18 | 47.58 | 46.58 | 122.44 |
| 21Q2 (10) | -3.17 | -75.14 | -210.84 | -27.72 | -30.14 | -44.83 | -26.97 | -52.55 | -118.38 | -26.98 | -52.6 | -118.46 | -6.61 | -23.09 | -63.61 | -3.59 | -41.34 | -94.05 | 0.13 | -13.33 | -13.33 | -18.88 | -84.02 | -263.78 | 81.71 | -0.32 | -35.09 | 102.98 | -14.3 | -33.41 | -2.98 | 85.24 | 94.55 | 32.46 | 14.38 | 11.16 |
| 21Q1 (9) | -1.81 | -189.16 | 47.08 | -21.30 | -77.2 | 37.54 | -17.68 | -40.88 | 41.92 | -17.68 | -40.88 | 41.92 | -5.37 | 13.94 | 15.83 | -2.54 | -1.2 | 17.8 | 0.15 | -28.57 | 50.0 | -10.26 | -45.33 | 48.7 | 81.97 | -40.33 | -16.14 | 120.16 | 25.21 | 7.31 | -20.16 | -600.0 | -68.41 | 28.38 | 105.06 | -29.49 |
| 20Q4 (8) | 2.03 | -54.69 | -73.25 | -12.02 | -48.21 | 10.16 | -12.55 | -71.92 | 1.03 | -12.55 | -71.92 | 1.03 | -6.24 | -54.46 | -57.18 | -2.51 | -52.12 | -33.51 | 0.21 | -12.5 | 40.0 | -7.06 | -129.97 | -15.55 | 137.38 | -4.68 | 29.27 | 95.97 | -13.42 | -9.85 | 4.03 | 137.19 | 175.0 | 13.84 | -35.3 | 0 |
| 20Q3 (7) | 4.48 | 56.64 | -56.88 | -8.11 | 57.63 | -89.04 | -7.30 | 40.89 | -268.69 | -7.30 | 40.89 | -268.69 | -4.04 | 0.0 | -380.95 | -1.65 | 10.81 | -345.95 | 0.24 | 60.0 | 14.29 | -3.07 | 40.85 | -213.28 | 144.12 | 14.49 | 40.47 | 110.84 | -28.33 | -49.62 | -10.84 | 80.16 | 90.96 | 21.39 | -26.75 | 3.94 |
| 20Q2 (6) | 2.86 | 183.63 | -35.29 | -19.14 | 43.87 | -45.44 | -12.35 | 59.43 | -13.3 | -12.35 | 59.43 | -13.41 | -4.04 | 36.68 | -7.45 | -1.85 | 40.13 | 0.54 | 0.15 | 50.0 | -16.67 | -5.19 | 74.05 | 2.08 | 125.88 | 28.78 | 33.59 | 154.65 | 38.12 | 28.88 | -54.65 | -356.5 | -159.59 | 29.20 | -27.45 | 23.94 |
| 20Q1 (5) | -3.42 | -145.06 | -206.54 | -34.10 | -154.86 | -107.04 | -30.44 | -140.06 | -75.65 | -30.44 | -140.06 | -75.65 | -6.38 | -60.71 | -27.86 | -3.09 | -64.36 | -14.87 | 0.10 | -33.33 | -37.5 | -20.00 | -227.33 | -75.59 | 97.75 | -8.02 | 6.78 | 111.97 | 5.19 | 18.29 | -11.97 | -122.68 | -361.38 | 40.25 | 0 | 69.55 |
| 19Q4 (4) | 7.59 | -26.95 | 0.0 | -13.38 | -211.89 | 0.0 | -12.68 | -540.4 | 0.0 | -12.68 | -540.4 | 0.0 | -3.97 | -372.62 | 0.0 | -1.88 | -408.11 | 0.0 | 0.15 | -28.57 | 0.0 | -6.11 | -325.46 | 0.0 | 106.27 | 3.58 | 0.0 | 106.45 | -51.61 | 0.0 | -5.38 | 95.52 | 0.0 | 0.00 | -100.0 | 0.0 |
| 19Q3 (3) | 10.39 | 135.07 | 0.0 | -4.29 | 67.4 | 0.0 | -1.98 | 81.83 | 0.0 | -1.98 | 81.82 | 0.0 | -0.84 | 77.66 | 0.0 | -0.37 | 80.11 | 0.0 | 0.21 | 16.67 | 0.0 | 2.71 | 151.13 | 0.0 | 102.60 | 8.88 | 0.0 | 220.00 | 83.33 | 0.0 | -120.00 | -470.0 | 0.0 | 20.58 | -12.65 | 0.0 |
| 19Q2 (2) | 4.42 | 37.69 | 0.0 | -13.16 | 20.1 | 0.0 | -10.90 | 37.1 | 0.0 | -10.89 | 37.16 | 0.0 | -3.76 | 24.65 | 0.0 | -1.86 | 30.86 | 0.0 | 0.18 | 12.5 | 0.0 | -5.30 | 53.47 | 0.0 | 94.23 | 2.94 | 0.0 | 120.00 | 26.77 | 0.0 | -21.05 | -559.65 | 0.0 | 23.56 | -0.76 | 0.0 |
| 19Q1 (1) | 3.21 | 0.0 | 0.0 | -16.47 | 0.0 | 0.0 | -17.33 | 0.0 | 0.0 | -17.33 | 0.0 | 0.0 | -4.99 | 0.0 | 0.0 | -2.69 | 0.0 | 0.0 | 0.16 | 0.0 | 0.0 | -11.39 | 0.0 | 0.0 | 91.54 | 0.0 | 0.0 | 94.66 | 0.0 | 0.0 | 4.58 | 0.0 | 0.0 | 23.74 | 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) | 6.81 | -20.72 | -7.46 | 0 | 5.08 | 28.12 | -0.73 | 0 | -1.46 | 0 | -1.16 | 0 | -0.49 | 0 | 0.51 | -17.74 | 5.12 | -31.64 | 35.18 | -51.99 | 1050.00 | 0 | -950.00 | 0 | 0.23 | 9.65 | 18.55 | 22.52 |
| 2022 (9) | 8.59 | 609.92 | -2.66 | 0 | 3.97 | -44.17 | 2.82 | -87.0 | 2.81 | -82.08 | 2.98 | -80.55 | 2.00 | -75.22 | 0.62 | 24.0 | 7.49 | -74.85 | 73.27 | 7.85 | -94.74 | 0 | 194.74 | -10.11 | 0.21 | -37.46 | 15.14 | -52.6 |
| 2021 (8) | 1.21 | -46.93 | -25.34 | 0 | 7.10 | 36.7 | 21.70 | 0 | 15.68 | 0 | 15.32 | 0 | 8.07 | 0 | 0.50 | -28.57 | 29.78 | 0 | 67.94 | -50.55 | -116.82 | 0 | 216.64 | 0 | 0.34 | -35.98 | 31.94 | 36.32 |
| 2020 (7) | 2.28 | -65.77 | -15.29 | 0 | 5.20 | 7.5 | -13.22 | 0 | -13.22 | 0 | -20.36 | 0 | -8.95 | 0 | 0.70 | -4.11 | -7.11 | 0 | 137.38 | 29.27 | 115.63 | 2.89 | -15.63 | 0 | 0.53 | 10.46 | 23.43 | 1.96 |
| 2019 (6) | 6.66 | -19.95 | -11.24 | 0 | 4.83 | 157.95 | -10.00 | 0 | -10.00 | 0 | -13.64 | 0 | -7.01 | 0 | 0.73 | 2.82 | -4.39 | 0 | 106.27 | 50.87 | 112.39 | -22.25 | -12.39 | 0 | 0.48 | -4.25 | 22.98 | 13.43 |
| 2018 (5) | 8.32 | -29.07 | -9.94 | 0 | 1.87 | 0.94 | -6.86 | 0 | -6.89 | 0 | -7.93 | 0 | -4.66 | 0 | 0.71 | -4.05 | -4.28 | 0 | 70.44 | 33.74 | 144.55 | 43.15 | -45.00 | 0 | 0.51 | -6.86 | 20.26 | 4.22 |
| 2017 (4) | 11.73 | -12.0 | -6.21 | 0 | 1.86 | -1.91 | -6.15 | 0 | -6.15 | 0 | -6.67 | 0 | -4.20 | 0 | 0.74 | 15.62 | -3.44 | 0 | 52.67 | 25.85 | 100.98 | 0 | -0.98 | 0 | 0.54 | 0 | 19.44 | 0.47 |
| 2016 (3) | 13.33 | 11.45 | -4.85 | 0 | 1.89 | -31.08 | 5.54 | 0 | 4.42 | 0 | 5.12 | 0 | 3.04 | 0 | 0.64 | 14.29 | 8.23 | 1206.35 | 41.85 | -65.95 | -87.62 | 0 | 187.62 | 0 | 0.00 | 0 | 19.35 | -1.23 |
| 2015 (2) | 11.96 | 41.54 | -5.25 | 0 | 2.75 | -1.4 | -3.64 | 0 | -3.55 | 0 | -4.84 | 0 | -1.53 | 0 | 0.56 | 0.0 | 0.63 | 0 | 122.90 | -24.7 | 144.52 | -10.54 | -44.52 | 0 | 0.00 | 0 | 19.59 | 2.73 |
| 2014 (1) | 8.45 | 0 | -7.77 | 0 | 2.78 | 46.0 | -4.81 | 0 | -4.72 | 0 | -7.16 | 0 | -1.99 | 0 | 0.56 | -34.88 | -0.14 | 0 | 163.21 | -6.38 | 161.54 | 0 | -61.54 | 0 | 0.00 | 0 | 19.07 | 49.33 |
