- 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) | 24.87 | 23.0 | 4.15 | -15.39 | -119.23 | -3374.47 | -14.43 | -1597.65 | -561.93 | -14.40 | -1634.94 | -1770.13 | -1.90 | -1257.14 | -1087.5 | -1.68 | -1300.0 | -1100.0 | 0.12 | -20.0 | -33.33 | -13.46 | 0 | -1060.34 | 13.35 | 8.98 | 12.85 | 100.00 | -80.0 | 0 | -12.50 | 96.88 | -112.5 | 32.32 | 40.1 | 71.01 |
| 23Q3 (19) | 20.22 | 37.18 | -4.85 | -7.02 | 44.2 | -31.95 | -0.85 | 90.38 | -111.0 | -0.83 | 90.59 | -113.83 | -0.14 | 90.79 | -113.59 | -0.12 | 91.24 | -113.33 | 0.15 | -6.25 | 0.0 | 0.00 | 100.0 | -100.0 | 12.25 | 9.67 | 7.17 | 500.00 | 233.33 | 850.0 | -400.00 | -700.0 | -366.67 | 23.07 | 7.96 | 1.45 |
| 23Q2 (18) | 14.74 | -10.34 | -39.64 | -12.58 | 37.32 | -327.9 | -8.84 | 56.26 | -159.17 | -8.82 | 56.51 | -163.82 | -1.52 | 38.96 | -149.19 | -1.37 | 38.84 | -152.69 | 0.16 | 45.45 | -15.79 | -7.14 | 63.59 | -143.33 | 11.17 | 7.2 | -40.77 | 150.00 | 50.0 | 320.0 | -50.00 | 0 | -177.78 | 21.37 | -27.46 | 37.43 |
| 23Q1 (17) | 16.44 | -31.16 | -10.8 | -20.07 | -4370.21 | -1354.35 | -20.21 | -827.06 | -365.92 | -20.28 | -2533.77 | -374.05 | -2.49 | -1456.25 | -258.6 | -2.24 | -1500.0 | -268.42 | 0.11 | -38.89 | -38.89 | -19.61 | -1590.52 | -335.41 | 10.42 | -11.92 | -44.49 | 100.00 | 0 | 700.0 | -0.00 | -100.0 | -100.0 | 29.46 | 55.87 | 86.81 |
| 22Q4 (16) | 23.88 | 12.38 | 32.3 | 0.47 | 108.83 | 103.88 | -2.18 | -128.2 | 82.94 | -0.77 | -112.83 | 94.7 | -0.16 | -115.53 | 92.49 | -0.14 | -115.56 | 92.27 | 0.18 | 20.0 | 50.0 | -1.16 | -113.93 | 90.22 | 11.83 | 3.5 | -33.46 | -0.00 | 100.0 | -100.0 | 100.00 | -33.33 | 0 | 18.90 | -16.89 | -20.52 |
| 22Q3 (15) | 21.25 | -12.98 | 62.71 | -5.32 | -196.38 | 79.4 | 7.73 | -48.26 | 133.95 | 6.00 | -56.58 | 126.75 | 1.03 | -66.67 | 141.2 | 0.90 | -65.38 | 141.47 | 0.15 | -21.05 | 50.0 | 8.33 | -49.45 | 142.57 | 11.43 | -39.4 | -35.97 | -66.67 | -286.67 | -155.56 | 150.00 | 133.33 | 1600.0 | 22.74 | 46.24 | -22.44 |
| 22Q2 (14) | 24.42 | 32.5 | 35.89 | 5.52 | 500.0 | 128.28 | 14.94 | 96.58 | 154.51 | 13.82 | 86.76 | 154.37 | 3.09 | 96.82 | 208.8 | 2.60 | 95.49 | 201.17 | 0.19 | 5.56 | 90.0 | 16.48 | 97.84 | 164.55 | 18.86 | 0.48 | 59.97 | 35.71 | 314.29 | -48.41 | 64.29 | -51.79 | 108.93 | 15.55 | -1.4 | -44.44 |
| 22Q1 (13) | 18.43 | 2.11 | 4.12 | -1.38 | 88.6 | 91.16 | 7.60 | 159.47 | 153.33 | 7.40 | 150.89 | 151.57 | 1.57 | 173.71 | 196.32 | 1.33 | 173.48 | 189.86 | 0.18 | 50.0 | 80.0 | 8.33 | 170.24 | 168.06 | 18.77 | 5.57 | 97.37 | -16.67 | -116.67 | -114.58 | 133.33 | 0 | 1033.33 | 15.77 | -33.68 | -40.62 |
| 21Q4 (12) | 18.05 | 38.21 | -23.94 | -12.11 | 53.12 | -40266.67 | -12.78 | 43.87 | -441.53 | -14.54 | 35.18 | -2950.98 | -2.13 | 14.8 | -2762.5 | -1.81 | 16.59 | -2685.71 | 0.12 | 20.0 | -14.29 | -11.86 | 39.4 | 0 | 17.78 | -0.39 | 68.53 | 100.00 | -16.67 | 0 | -0.00 | 100.0 | -100.0 | 23.78 | -18.89 | 32.26 |
| 21Q3 (11) | 13.06 | -27.32 | -29.25 | -25.83 | -32.33 | -189.9 | -22.77 | 16.93 | -303.01 | -22.43 | 11.76 | -296.99 | -2.50 | 11.97 | -197.62 | -2.17 | 15.56 | -185.53 | 0.10 | 0.0 | -23.08 | -19.57 | 23.35 | -527.24 | 17.85 | 51.4 | 45.0 | 120.00 | 73.33 | -20.0 | -10.00 | -132.5 | 80.0 | 29.32 | 4.75 | 36.12 |
| 21Q2 (10) | 17.97 | 1.53 | 10.99 | -19.52 | -25.05 | 11.71 | -27.41 | -92.35 | -17.39 | -25.42 | -77.14 | -8.87 | -2.84 | -74.23 | -19.83 | -2.57 | -73.65 | -19.53 | 0.10 | 0.0 | 11.11 | -25.53 | -108.58 | -27.65 | 11.79 | 23.97 | 34.13 | 69.23 | -39.42 | -30.77 | 30.77 | 315.38 | 207.69 | 27.99 | 5.38 | -4.08 |
| 21Q1 (9) | 17.70 | -25.41 | -11.81 | -15.61 | -51933.33 | -29.98 | -14.25 | -503.81 | -185.57 | -14.35 | -2913.73 | -69.42 | -1.63 | -2137.5 | -58.25 | -1.48 | -2214.29 | -60.87 | 0.10 | -28.57 | -9.09 | -12.24 | 0 | -561.62 | 9.51 | -9.86 | -14.56 | 114.29 | 0 | -51.02 | -14.29 | -114.29 | 89.29 | 26.56 | 47.72 | 10.34 |
| 20Q4 (8) | 23.73 | 28.55 | 5.8 | -0.03 | 99.66 | 95.89 | -2.36 | 58.23 | 9.23 | 0.51 | 109.03 | -66.88 | 0.08 | 109.52 | -70.37 | 0.07 | 109.21 | -70.83 | 0.14 | 7.69 | -6.67 | 0.00 | 100.0 | 100.0 | 10.55 | -14.3 | -19.89 | -0.00 | -100.0 | -100.0 | 100.00 | 300.0 | 100.0 | 17.98 | -16.53 | 8.77 |
| 20Q3 (7) | 18.46 | 14.02 | -15.4 | -8.91 | 59.7 | 33.9 | -5.65 | 75.8 | 53.15 | -5.65 | 75.8 | 51.17 | -0.84 | 64.56 | 38.69 | -0.76 | 64.65 | 37.19 | 0.13 | 44.44 | 18.18 | -3.12 | 84.4 | 66.91 | 12.31 | 40.05 | -6.32 | 150.00 | 50.0 | 28.57 | -50.00 | -600.0 | -200.0 | 21.54 | -26.18 | -12.01 |
| 20Q2 (6) | 16.19 | -19.33 | -28.52 | -22.11 | -84.1 | -131.28 | -23.35 | -367.94 | -1234.29 | -23.35 | -175.68 | -1006.64 | -2.37 | -130.1 | -717.24 | -2.15 | -133.7 | -726.92 | 0.09 | -18.18 | -25.0 | -20.00 | -981.08 | 0 | 8.79 | -21.02 | -25.38 | 100.00 | -57.14 | -83.33 | 10.00 | 107.5 | 102.0 | 29.18 | 21.23 | 40.29 |
| 20Q1 (5) | 20.07 | -10.52 | 14.69 | -12.01 | -1545.21 | -417.67 | -4.99 | -91.92 | -574.32 | -8.47 | -650.0 | -10487.5 | -1.03 | -481.48 | -10200.0 | -0.92 | -483.33 | -9100.0 | 0.11 | -26.67 | -35.29 | -1.85 | -44.53 | -269.72 | 11.13 | -15.49 | -16.5 | 233.33 | 366.67 | 16.67 | -133.33 | -366.67 | -33.33 | 24.07 | 45.61 | 75.18 |
| 19Q4 (4) | 22.43 | 2.8 | 0.0 | -0.73 | 94.58 | 0.0 | -2.60 | 78.44 | 0.0 | 1.54 | 113.31 | 0.0 | 0.27 | 119.71 | 0.0 | 0.24 | 119.83 | 0.0 | 0.15 | 36.36 | 0.0 | -1.28 | 86.43 | 0.0 | 13.17 | 0.23 | 0.0 | 50.00 | -57.14 | 0.0 | 50.00 | 400.0 | 0.0 | 16.53 | -32.48 | 0.0 |
| 19Q3 (3) | 21.82 | -3.66 | 0.0 | -13.48 | -41.0 | 0.0 | -12.06 | -589.14 | 0.0 | -11.57 | -448.34 | 0.0 | -1.37 | -372.41 | 0.0 | -1.21 | -365.38 | 0.0 | 0.11 | -8.33 | 0.0 | -9.43 | 0 | 0.0 | 13.14 | 11.54 | 0.0 | 116.67 | -80.56 | 0.0 | -16.67 | 96.67 | 0.0 | 24.48 | 17.69 | 0.0 |
| 19Q2 (2) | 22.65 | 29.43 | 0.0 | -9.56 | -312.07 | 0.0 | -1.75 | -136.49 | 0.0 | -2.11 | -2537.5 | 0.0 | -0.29 | -2800.0 | 0.0 | -0.26 | -2500.0 | 0.0 | 0.12 | -29.41 | 0.0 | 0.00 | -100.0 | 0.0 | 11.78 | -11.63 | 0.0 | 600.00 | 200.0 | 0.0 | -500.00 | -400.0 | 0.0 | 20.80 | 51.38 | 0.0 |
| 19Q1 (1) | 17.50 | 0.0 | 0.0 | -2.32 | 0.0 | 0.0 | -0.74 | 0.0 | 0.0 | -0.08 | 0.0 | 0.0 | -0.01 | 0.0 | 0.0 | -0.01 | 0.0 | 0.0 | 0.17 | 0.0 | 0.0 | 1.09 | 0.0 | 0.0 | 13.33 | 0.0 | 0.0 | 200.00 | 0.0 | 0.0 | -100.00 | 0.0 | 0.0 | 13.74 | 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) | 18.84 | -14.71 | -13.23 | 0 | 1.25 | 39.17 | -10.24 | 0 | -10.24 | 0 | -6.05 | 0 | -5.37 | 0 | 0.52 | -26.76 | -8.75 | 0 | 13.35 | 12.85 | 128.00 | 0 | -28.00 | 0 | 0.00 | 0 | 25.95 | 44.01 |
| 2022 (9) | 22.09 | 31.41 | 0.14 | 0 | 0.90 | -40.12 | 7.10 | 0 | 6.74 | 0 | 5.53 | 0 | 4.82 | 0 | 0.71 | 69.05 | 8.08 | 0 | 11.83 | -33.46 | 0.00 | 0 | 95.83 | 1720.83 | 0.21 | 0 | 18.02 | -32.53 |
| 2021 (8) | 16.81 | -15.82 | -17.83 | 0 | 1.50 | -13.0 | -18.85 | 0 | -18.85 | 0 | -9.09 | 0 | -7.97 | 0 | 0.42 | -10.64 | -16.50 | 0 | 17.78 | 68.53 | 94.74 | -22.49 | 5.26 | 0 | 0.00 | 0 | 26.71 | 18.45 |
| 2020 (7) | 19.97 | -3.94 | -9.54 | 0 | 1.72 | -1.38 | -7.93 | 0 | -7.89 | 0 | -4.15 | 0 | -3.71 | 0 | 0.47 | -12.96 | -5.60 | 0 | 10.55 | -19.89 | 122.22 | -23.61 | -22.22 | 0 | 0.21 | 6.47 | 22.55 | 24.79 |
| 2019 (6) | 20.79 | -5.59 | -5.58 | 0 | 1.75 | 35.66 | -3.58 | 0 | -2.23 | 0 | -1.39 | 0 | -1.19 | 0 | 0.54 | -21.74 | -1.40 | 0 | 13.17 | -32.98 | 160.00 | 412.0 | -60.00 | 0 | 0.20 | -45.1 | 18.07 | 30.75 |
| 2018 (5) | 22.02 | -12.83 | 1.37 | -75.54 | 1.29 | -9.36 | 4.12 | 15.08 | 3.38 | 10.46 | 2.81 | 6.44 | 2.36 | 5.36 | 0.69 | -5.48 | 5.93 | 8.81 | 19.65 | -6.34 | 31.25 | -80.47 | 68.75 | 0 | 0.36 | 0 | 13.82 | 11.72 |
| 2017 (4) | 25.26 | -11.65 | 5.60 | -57.93 | 1.42 | 54.98 | 3.58 | -74.11 | 3.06 | -73.67 | 2.64 | -80.18 | 2.24 | -78.83 | 0.73 | -19.78 | 5.45 | -64.22 | 20.98 | 39.96 | 160.00 | 66.67 | -60.00 | 0 | 0.00 | 0 | 12.37 | 18.94 |
| 2016 (3) | 28.59 | -7.92 | 13.31 | -14.62 | 0.92 | 6.24 | 13.83 | -20.33 | 11.62 | -14.5 | 13.32 | -28.88 | 10.58 | -19.48 | 0.91 | -5.21 | 15.23 | -19.12 | 14.99 | -61.19 | 96.00 | 7.73 | 4.00 | -59.6 | 0.00 | 0 | 10.40 | 8.79 |
| 2015 (2) | 31.05 | -6.87 | 15.59 | -21.42 | 0.86 | 25.22 | 17.36 | -22.88 | 13.59 | -27.67 | 18.73 | -43.62 | 13.14 | -40.03 | 0.96 | -17.24 | 18.83 | -20.28 | 38.62 | -20.14 | 89.11 | 1.51 | 9.90 | -18.94 | 0.00 | 0 | 9.56 | 10.01 |
| 2014 (1) | 33.34 | 0 | 19.84 | 0 | 0.69 | -5.52 | 22.51 | 0 | 18.79 | 0 | 33.22 | 0 | 21.91 | 0 | 1.16 | 6.42 | 23.62 | 24.45 | 48.36 | -17.96 | 87.79 | -1.24 | 12.21 | 9.92 | 0.00 | 0 | 8.69 | -10.41 |
