- 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) | 0.66 | -95.72 | -73.17 | -12.45 | -160.46 | -17.01 | 30.35 | 833.09 | 260.45 | 30.35 | 833.09 | 260.45 | 6.60 | 914.81 | 106.25 | 5.34 | 961.29 | 191.8 | 0.17 | 6.25 | -19.05 | 34.10 | 0 | 189.97 | 19.54 | -34.08 | -75.4 | -40.91 | -136.36 | 67.27 | 140.91 | 1227.27 | -37.37 | 13.08 | -44.36 | -0.3 |
| 23Q3 (19) | 15.42 | 62.83 | 6.93 | -4.78 | 75.17 | -288.62 | -4.14 | 78.65 | -144.97 | -4.14 | 78.65 | -144.97 | -0.81 | 61.61 | -9.46 | -0.62 | 58.67 | -93.75 | 0.16 | 100.0 | -33.33 | 0.00 | 100.0 | -100.0 | 29.64 | 45.51 | -63.28 | 112.50 | 12.5 | 50.0 | -12.50 | 0 | -150.0 | 23.51 | -37.87 | 6.62 |
| 23Q2 (18) | 9.47 | -6.42 | -13.04 | -19.25 | -149.03 | -115.57 | -19.39 | -135.6 | 61.26 | -19.39 | -135.6 | 62.03 | -2.11 | -21.26 | 86.76 | -1.50 | -44.23 | 84.14 | 0.08 | -38.46 | -57.89 | -12.15 | -200.0 | 72.32 | 20.37 | -60.95 | -75.38 | 100.00 | 7.69 | 462.5 | -0.00 | -100.0 | -100.0 | 37.84 | 84.77 | 78.32 |
| 23Q1 (17) | 10.12 | 311.38 | -39.4 | -7.73 | 27.35 | 35.53 | -8.23 | -197.74 | 31.87 | -8.23 | -197.74 | 30.72 | -1.74 | -154.38 | 38.95 | -1.04 | -156.83 | 33.76 | 0.13 | -38.1 | -7.14 | -4.05 | -134.44 | 32.05 | 52.17 | -34.31 | 2.41 | 92.86 | 174.29 | -7.14 | 7.14 | -96.83 | 0 | 20.48 | 56.1 | -30.48 |
| 22Q4 (16) | 2.46 | -82.94 | -56.31 | -10.64 | -765.04 | 37.08 | 8.42 | 598.22 | 132.32 | 8.42 | 598.22 | 132.21 | 3.20 | 532.43 | 146.18 | 1.83 | 671.88 | 146.45 | 0.21 | -12.5 | 40.0 | 11.76 | 488.0 | 157.51 | 79.42 | -1.61 | -15.48 | -125.00 | -266.67 | -291.67 | 225.00 | 800.0 | 546.88 | 13.12 | -40.5 | -40.04 |
| 22Q3 (15) | 14.42 | 32.42 | -18.02 | -1.23 | 86.23 | -148.43 | -1.69 | 96.62 | -164.26 | -1.69 | 96.69 | -163.3 | -0.74 | 95.36 | -169.16 | -0.32 | 96.62 | -140.51 | 0.24 | 26.32 | -11.11 | 2.00 | 104.56 | -67.74 | 80.72 | -2.45 | 53.05 | 75.00 | 321.87 | -25.0 | 25.00 | -69.59 | 0 | 22.05 | 3.91 | 35.69 |
| 22Q2 (14) | 10.89 | -34.79 | -41.42 | -8.93 | 25.52 | -37.38 | -50.05 | -314.32 | -698.25 | -51.07 | -329.88 | -701.73 | -15.94 | -459.3 | -1145.31 | -9.46 | -502.55 | -1112.82 | 0.19 | 35.71 | 35.71 | -43.89 | -636.41 | -6195.83 | 82.75 | 62.45 | 82.15 | 17.78 | -82.22 | -82.22 | 82.22 | 0 | 0 | 21.22 | -27.97 | -35.48 |
| 22Q1 (13) | 16.70 | 196.63 | 3.66 | -11.99 | 29.1 | -1041.9 | -12.08 | 53.63 | -1018.52 | -11.88 | 54.55 | -970.27 | -2.85 | 58.87 | -691.67 | -1.57 | 60.15 | -685.0 | 0.14 | -6.67 | -36.36 | -5.96 | 70.86 | -292.26 | 50.94 | -45.79 | 13.0 | 100.00 | 53.33 | 0.0 | -0.00 | -100.0 | 0 | 29.46 | 34.64 | 31.11 |
| 21Q4 (12) | 5.63 | -67.99 | -68.65 | -16.91 | -765.75 | -518.56 | -26.05 | -1090.49 | -139.87 | -26.14 | -1079.03 | -139.38 | -6.93 | -747.66 | -84.8 | -3.94 | -598.73 | -78.28 | 0.15 | -44.44 | -28.57 | -20.45 | -429.84 | -207.98 | 93.97 | 78.18 | 91.23 | 65.22 | -34.78 | 269.57 | 34.78 | 0 | -74.88 | 21.88 | 34.65 | 45.96 |
| 21Q3 (11) | 17.59 | -5.38 | 65.32 | 2.54 | 139.08 | 105.35 | 2.63 | 141.95 | 105.2 | 2.67 | 141.92 | 105.27 | 1.07 | 183.59 | 110.69 | 0.79 | 201.28 | 113.79 | 0.27 | 92.86 | 145.45 | 6.20 | 761.11 | 114.44 | 52.74 | 16.09 | -31.52 | 100.00 | 0.0 | 5.63 | 0.00 | 0 | -100.0 | 16.25 | -50.59 | -54.25 |
| 21Q2 (10) | 18.59 | 15.39 | 134.72 | -6.50 | -519.05 | 75.39 | -6.27 | -480.56 | 75.4 | -6.37 | -473.87 | 75.05 | -1.28 | -255.56 | 84.6 | -0.78 | -290.0 | 84.88 | 0.14 | -36.36 | -30.0 | 0.72 | -76.77 | 103.3 | 45.43 | 0.78 | -33.62 | 100.00 | 0.0 | -2.82 | -0.00 | 0 | 100.0 | 32.89 | 46.37 | 0 |
| 21Q1 (9) | 16.11 | -10.3 | 37.46 | -1.05 | -125.99 | 88.87 | -1.08 | 90.06 | 82.61 | -1.11 | 89.84 | 82.1 | -0.36 | 90.4 | 85.83 | -0.20 | 90.95 | 87.73 | 0.22 | 4.76 | -18.52 | 3.10 | 146.69 | 192.81 | 45.08 | -8.26 | -12.99 | 100.00 | 360.0 | -35.29 | -0.00 | -100.0 | 100.0 | 22.47 | 49.9 | 0 |
| 20Q4 (8) | 17.96 | 68.8 | 115.09 | 4.04 | 108.51 | 131.2 | -10.86 | 78.55 | 9.35 | -10.92 | 78.47 | 13.26 | -3.75 | 62.54 | -63.76 | -2.21 | 61.43 | -45.39 | 0.21 | 90.91 | 75.0 | -6.64 | 84.54 | -36.07 | 49.14 | -36.19 | -5.46 | -38.46 | -140.63 | -136.63 | 138.46 | 1976.92 | 1484.62 | 14.99 | -57.8 | 0 |
| 20Q3 (7) | 10.64 | 34.34 | -34.44 | -47.50 | -79.86 | -287.44 | -50.62 | -98.59 | -301.11 | -50.71 | -98.63 | -331.21 | -10.01 | -20.46 | -344.89 | -5.73 | -11.05 | -276.97 | 0.11 | -45.0 | -15.38 | -42.95 | -96.57 | -582.83 | 77.01 | 12.52 | 85.3 | 94.67 | -8.0 | -5.33 | 6.67 | 330.0 | 46.67 | 35.52 | 0 | 18.64 |
| 20Q2 (6) | 7.92 | -32.42 | -73.23 | -26.41 | -180.06 | -538.7 | -25.49 | -310.47 | -523.42 | -25.53 | -311.77 | -590.02 | -8.31 | -227.17 | -759.52 | -5.16 | -216.56 | -660.87 | 0.20 | -25.93 | 17.65 | -21.85 | -554.19 | -305.74 | 68.44 | 32.1 | 51.22 | 102.90 | -33.42 | 2.9 | -2.90 | 94.69 | 0 | 0.00 | 0 | -100.0 |
| 20Q1 (5) | 11.72 | 40.36 | -37.12 | -9.43 | 27.18 | -998.1 | -6.21 | 48.16 | -592.86 | -6.20 | 50.75 | -15600.0 | -2.54 | -10.92 | -25500.0 | -1.63 | -7.24 | -3360.0 | 0.27 | 125.0 | 28.57 | -3.34 | 31.56 | -168.44 | 51.81 | -0.33 | 12.95 | 154.55 | 47.19 | 106.06 | -54.55 | -445.45 | -318.18 | 0.00 | 0 | -100.0 |
| 19Q4 (4) | 8.35 | -48.55 | 0.0 | -12.95 | -5.63 | 0.0 | -11.98 | 5.07 | 0.0 | -12.59 | -7.06 | 0.0 | -2.29 | -1.78 | 0.0 | -1.52 | 0.0 | 0.0 | 0.12 | -7.69 | 0.0 | -4.88 | 22.42 | 0.0 | 51.98 | 25.07 | 0.0 | 105.00 | 5.0 | 0.0 | -10.00 | -320.0 | 0.0 | 0.00 | -100.0 | 0.0 |
| 19Q3 (3) | 16.23 | -45.13 | 0.0 | -12.26 | -303.65 | 0.0 | -12.62 | -309.63 | 0.0 | -11.76 | -325.72 | 0.0 | -2.25 | -278.57 | 0.0 | -1.52 | -265.22 | 0.0 | 0.13 | -23.53 | 0.0 | -6.29 | -159.23 | 0.0 | 41.56 | -8.17 | 0.0 | 100.00 | 0.0 | 0.0 | 4.55 | 0 | 0.0 | 29.94 | 8.01 | 0.0 |
| 19Q2 (2) | 29.58 | 58.69 | 0.0 | 6.02 | 473.33 | 0.0 | 6.02 | 377.78 | 0.0 | 5.21 | 12925.0 | 0.0 | 1.26 | 12500.0 | 0.0 | 0.92 | 1740.0 | 0.0 | 0.17 | -19.05 | 0.0 | 10.62 | 117.62 | 0.0 | 45.26 | -1.33 | 0.0 | 100.00 | 33.33 | 0.0 | -0.00 | -100.0 | 0.0 | 27.72 | 31.5 | 0.0 |
| 19Q1 (1) | 18.64 | 0.0 | 0.0 | 1.05 | 0.0 | 0.0 | 1.26 | 0.0 | 0.0 | 0.04 | 0.0 | 0.0 | 0.01 | 0.0 | 0.0 | 0.05 | 0.0 | 0.0 | 0.21 | 0.0 | 0.0 | 4.88 | 0.0 | 0.0 | 45.87 | 0.0 | 0.0 | 75.00 | 0.0 | 0.0 | 25.00 | 0.0 | 0.0 | 21.08 | 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) | 8.50 | -19.81 | -10.20 | 0 | 3.92 | 7.14 | 3.36 | 0 | 3.36 | 0 | 2.77 | 0 | 2.10 | 0 | 0.58 | -15.94 | 7.85 | 0 | 19.54 | -75.4 | -304.35 | 0 | 404.35 | 1140.0 | 0.40 | -23.14 | 21.69 | 5.09 |
| 2022 (9) | 10.60 | -28.18 | -7.64 | 0 | 3.66 | -9.76 | -11.28 | 0 | -11.47 | 0 | -14.74 | 0 | -7.55 | 0 | 0.69 | -4.17 | -6.72 | 0 | 79.42 | -15.48 | 68.48 | 0.7 | 32.61 | 1.9 | 0.53 | -80.22 | 20.64 | -6.22 |
| 2021 (8) | 14.76 | 22.69 | -4.19 | 0 | 4.06 | 18.18 | -6.11 | 0 | -6.14 | 0 | -7.51 | 0 | -4.12 | 0 | 0.72 | -16.28 | -1.23 | 0 | 93.97 | 91.23 | 68.00 | -20.94 | 32.00 | 128.74 | 2.66 | -28.01 | 22.01 | 21.0 |
| 2020 (7) | 12.03 | -36.88 | -16.30 | 0 | 3.43 | -18.71 | -18.90 | 0 | -18.94 | 0 | -24.45 | 0 | -15.97 | 0 | 0.86 | 38.71 | -14.82 | 0 | 49.14 | -5.46 | 86.01 | -17.3 | 13.99 | 0 | 3.70 | 6.33 | 18.19 | -25.36 |
| 2019 (6) | 19.06 | 180.71 | -3.06 | 0 | 4.23 | 109.39 | -2.88 | 0 | -3.44 | 0 | -3.22 | 0 | -1.95 | 0 | 0.62 | -10.14 | 2.23 | 0 | 51.98 | 3.61 | 104.00 | -9.87 | -8.00 | 0 | 3.48 | 24.79 | 24.37 | 26.27 |
| 2018 (5) | 6.79 | -13.28 | -10.10 | 0 | 2.02 | 22.46 | -8.73 | 0 | -8.94 | 0 | -8.54 | 0 | -6.05 | 0 | 0.69 | -14.81 | -6.28 | 0 | 50.17 | 83.17 | 115.38 | -56.54 | -15.38 | 0 | 2.79 | 0 | 19.30 | 4.27 |
| 2017 (4) | 7.83 | -18.52 | -7.87 | 0 | 1.65 | 7.56 | -3.03 | 0 | -3.03 | 0 | -3.13 | 0 | -2.42 | 0 | 0.81 | -10.99 | -1.13 | 0 | 27.39 | -2.94 | 265.52 | 19.48 | -162.07 | 0 | 0.00 | 0 | 18.51 | 1.31 |
| 2016 (3) | 9.61 | -40.72 | -5.15 | 0 | 1.53 | 26.02 | -2.26 | 0 | -2.49 | 0 | -2.92 | 0 | -2.27 | 0 | 0.91 | -14.95 | -0.60 | 0 | 28.22 | -3.88 | 222.22 | 142.74 | -125.93 | 0 | 0.00 | 0 | 18.27 | 17.42 |
| 2015 (2) | 16.21 | 4.78 | 4.15 | -16.33 | 1.22 | 26.42 | 4.56 | -9.16 | 3.46 | -16.22 | 5.13 | -33.2 | 3.71 | -30.13 | 1.07 | -15.75 | 5.89 | -4.07 | 29.36 | -39.05 | 91.55 | -7.47 | 9.86 | 826.76 | 0.00 | 0 | 15.56 | 43.81 |
| 2014 (1) | 15.47 | 0 | 4.96 | 0 | 0.96 | -11.96 | 5.02 | 0 | 4.13 | 0 | 7.68 | 0 | 5.31 | 0 | 1.27 | 22.12 | 6.14 | 1705.88 | 48.17 | 8.1 | 98.94 | 6.0 | 1.06 | -84.04 | 0.00 | 0 | 10.82 | -14.53 |
