- 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) | 52.78 | -25.46 | -25.55 | -465.36 | -16.88 | 77.78 | -483.37 | -35.99 | 76.91 | -494.81 | -27.01 | 76.8 | -24.02 | -71.08 | -16.38 | -16.99 | -59.68 | -11.63 | 0.03 | 0.0 | 200.0 | -455.88 | -41.88 | 75.88 | 49.57 | 44.98 | 14.72 | 96.07 | -14.25 | -3.93 | 3.63 | 130.12 | 0 | 110.07 | -14.66 | -84.74 |
| 23Q3 (19) | 70.81 | -23.43 | 1261.73 | -398.16 | 45.44 | 58.92 | -355.45 | 50.5 | 59.85 | -389.57 | 48.2 | 57.02 | -14.04 | 36.73 | -0.65 | -10.64 | 35.79 | 2.65 | 0.03 | 50.0 | 200.0 | -321.31 | 52.64 | 60.92 | 34.19 | 16.81 | 16.97 | 112.04 | 9.99 | 2.43 | -12.04 | -709.49 | -28.4 | 128.98 | -44.94 | -64.46 |
| 23Q2 (18) | 92.48 | 13302.9 | -6.26 | -729.74 | -19.21 | -5014.07 | -718.01 | -17.96 | -3597.37 | -752.09 | -19.18 | -7228.82 | -22.19 | -2.59 | -1353.67 | -16.57 | -10.25 | -1292.09 | 0.02 | 0.0 | -84.62 | -678.38 | -22.55 | -2700.15 | 29.27 | -34.17 | 11.97 | 101.86 | 1.27 | 38.0 | -1.49 | -157.25 | -105.2 | 234.27 | -10.37 | 662.35 |
| 23Q1 (17) | 0.69 | -99.03 | -99.28 | -612.13 | 70.78 | -240.77 | -608.69 | 70.92 | -251.23 | -631.03 | 70.41 | -245.58 | -21.63 | -4.8 | -123.91 | -15.03 | 1.25 | -97.5 | 0.02 | 100.0 | -50.0 | -553.57 | 70.71 | -256.64 | 44.46 | 2.89 | 49.19 | 100.58 | 0.58 | -2.77 | -0.58 | 0 | 83.24 | 261.37 | -63.76 | 211.86 |
| 22Q4 (16) | 70.89 | 1263.27 | 113.53 | -2094.61 | -116.13 | 95.16 | -2093.05 | -136.43 | 95.15 | -2132.56 | -135.3 | 95.08 | -20.64 | -47.96 | -49.67 | -15.22 | -39.25 | -36.01 | 0.01 | 0.0 | 0 | -1890.00 | -129.87 | 0 | 43.21 | 47.83 | 77.6 | 100.00 | -8.57 | 0.0 | -0.00 | 100.0 | 0 | 721.31 | 98.76 | -92.43 |
| 22Q3 (15) | 5.20 | -94.73 | 100.24 | -969.15 | -6626.26 | 99.41 | -885.28 | -4412.13 | 99.43 | -906.31 | -8690.62 | 99.42 | -13.95 | -888.14 | -25.79 | -10.93 | -886.33 | -19.06 | 0.01 | -92.31 | 0 | -822.22 | -3251.48 | 0 | 29.23 | 11.82 | 31.84 | 109.38 | 48.19 | 2.8 | -9.38 | -132.81 | -46.59 | 362.90 | 1080.93 | -99.13 |
| 22Q2 (14) | 98.66 | 2.9 | 0.29 | 14.85 | 108.27 | 3721.95 | 20.53 | 111.85 | 812.85 | 10.55 | 105.78 | 137.13 | 1.77 | 118.32 | 167.3 | 1.39 | 118.27 | 162.33 | 0.13 | 225.0 | 62.5 | 26.09 | 116.81 | 398.85 | 26.14 | -12.28 | 34.67 | 73.81 | -28.65 | 195.24 | 28.57 | 928.57 | -71.43 | 30.73 | -63.33 | 4.1 |
| 22Q1 (13) | 95.88 | 118.3 | 139.28 | -179.63 | 99.58 | 19.93 | -173.30 | 99.6 | 21.3 | -182.60 | 99.58 | 17.39 | -9.66 | 29.95 | -6.5 | -7.61 | 31.99 | 3.18 | 0.04 | 0 | 0.0 | -155.22 | 0 | 22.93 | 29.80 | 22.48 | 87.42 | 103.45 | 3.45 | 1.53 | -3.45 | 0 | -82.76 | 83.81 | -99.12 | 54.15 |
| 21Q4 (12) | -523.99 | 75.69 | -741.75 | -43284.10 | 73.8 | -257850.54 | -43180.50 | 72.2 | -264324.37 | -43323.80 | 72.24 | -159354.55 | -13.79 | -24.35 | -210.59 | -11.19 | -21.9 | -206.58 | 0.00 | 0 | -100.0 | 0.00 | 0 | 100.0 | 24.33 | 9.74 | 64.61 | 100.00 | -6.01 | -3.03 | -0.00 | 100.0 | 100.0 | 9528.48 | -77.07 | 45909.08 |
| 21Q3 (11) | -2155.86 | -2291.58 | -415.26 | -165190.00 | -40290143.9 | -493.15 | -155308.00 | -5392538.89 | -457.02 | -156085.00 | -549301.62 | -457.53 | -11.09 | -321.67 | 67.04 | -9.18 | -311.66 | 64.99 | 0.00 | -100.0 | 0 | 0.00 | -100.0 | 100.0 | 22.17 | 14.22 | -45.25 | 106.40 | 325.58 | 6.92 | -6.40 | -106.4 | 0 | 41560.40 | 140687.26 | 659.85 |
| 21Q2 (10) | 98.37 | 145.5 | 0 | -0.41 | 99.82 | 0 | -2.88 | 98.69 | 0 | -28.41 | 87.15 | 0 | -2.63 | 71.0 | 86.96 | -2.23 | 71.63 | 87.31 | 0.08 | 100.0 | 0 | 5.23 | 102.6 | 0 | 19.41 | 22.08 | 9.91 | 25.00 | -75.46 | -75.0 | 100.00 | 5400.0 | 0 | 29.52 | -45.71 | 0 |
| 21Q1 (9) | 40.07 | -50.92 | -32.43 | -224.35 | -1237.01 | 29.44 | -220.21 | -1248.5 | 29.71 | -221.03 | -713.51 | 29.86 | -9.07 | -104.28 | 30.44 | -7.86 | -115.34 | 32.12 | 0.04 | -71.43 | 0.0 | -201.39 | -2081.91 | 29.51 | 15.90 | 7.58 | 28.33 | 101.89 | -1.2 | 0.05 | -1.89 | 39.62 | -2.83 | 54.37 | 162.53 | -48.45 |
| 20Q4 (8) | 81.65 | 119.51 | 333.49 | -16.78 | 99.94 | 98.56 | -16.33 | 99.94 | 98.59 | -27.17 | 99.9 | 97.67 | -4.44 | 86.81 | 52.87 | -3.65 | 86.08 | 54.83 | 0.14 | 0 | 1300.0 | -9.23 | 99.95 | 99.05 | 14.78 | -63.5 | 16.75 | 103.12 | 3.64 | 3.12 | -3.12 | 0 | -175.0 | 20.71 | -99.62 | -96.05 |
| 20Q3 (7) | -418.40 | 0 | 0 | -27849.70 | 0 | 0 | -27881.70 | 0 | 0 | -27996.00 | 0 | 0 | -33.65 | -66.83 | -96.55 | -26.22 | -49.23 | -79.96 | 0.00 | 0 | 0 | -18800.00 | 0 | 0 | 40.49 | 129.28 | 103.57 | 99.50 | -0.5 | -1.66 | -0.00 | 0 | 100.0 | 5469.57 | 0 | 0 |
| 20Q2 (6) | 0.00 | -100.0 | 0 | 0.00 | 100.0 | 0 | 0.00 | 100.0 | 0 | 0.00 | 100.0 | 0 | -20.17 | -54.68 | 6.19 | -17.57 | -51.73 | -1.91 | 0.00 | -100.0 | 0 | 0.00 | 100.0 | 0 | 17.66 | 42.53 | 15.12 | 100.00 | -1.8 | 0.0 | 0.00 | 100.0 | 0 | 0.00 | -100.0 | 0 |
| 20Q1 (5) | 59.30 | 269.57 | -39.45 | -317.95 | 72.74 | -466.25 | -313.28 | 72.94 | -428.12 | -315.13 | 73.02 | -420.36 | -13.04 | -38.43 | -53.41 | -11.58 | -43.32 | -85.87 | 0.04 | 300.0 | -60.0 | -285.71 | 70.7 | -526.69 | 12.39 | -2.13 | -73.97 | 101.83 | 1.83 | 7.19 | -1.83 | -61.47 | -136.7 | 105.47 | -79.88 | 63.93 |
| 19Q4 (4) | -34.97 | 0 | 0.0 | -1166.31 | 0 | 0.0 | -1157.70 | 0 | 0.0 | -1167.96 | 0 | 0.0 | -9.42 | 44.98 | 0.0 | -8.08 | 44.54 | 0.0 | 0.01 | 0 | 0.0 | -975.00 | 0 | 0.0 | 12.66 | -36.35 | 0.0 | 100.00 | -1.17 | 0.0 | -1.14 | 3.98 | 0.0 | 524.11 | 0 | 0.0 |
| 19Q3 (3) | 0.00 | 0 | 0.0 | 0.00 | 0 | 0.0 | 0.00 | 0 | 0.0 | 0.00 | 0 | 0.0 | -17.12 | 20.37 | 0.0 | -14.57 | 15.49 | 0.0 | 0.00 | 0 | 0.0 | 0.00 | 0 | 0.0 | 19.89 | 29.66 | 0.0 | 101.18 | 1.18 | 0.0 | -1.18 | 0 | 0.0 | 0.00 | 0 | 0.0 |
| 19Q2 (2) | 0.00 | -100.0 | 0.0 | 0.00 | 100.0 | 0.0 | 0.00 | 100.0 | 0.0 | 0.00 | 100.0 | 0.0 | -21.50 | -152.94 | 0.0 | -17.24 | -176.73 | 0.0 | 0.00 | -100.0 | 0.0 | 0.00 | 100.0 | 0.0 | 15.34 | -67.77 | 0.0 | 100.00 | 5.26 | 0.0 | 0.00 | -100.0 | 0.0 | 0.00 | -100.0 | 0.0 |
| 19Q1 (1) | 97.93 | 0.0 | 0.0 | -56.15 | 0.0 | 0.0 | -59.32 | 0.0 | 0.0 | -60.56 | 0.0 | 0.0 | -8.50 | 0.0 | 0.0 | -6.23 | 0.0 | 0.0 | 0.10 | 0.0 | 0.0 | -45.59 | 0.0 | 0.0 | 47.60 | 0.0 | 0.0 | 95.00 | 0.0 | 0.0 | 5.00 | 0.0 | 0.0 | 64.34 | 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) | 58.44 | -36.15 | -516.63 | 0 | 30.26 | 146.96 | -506.89 | 0 | -531.33 | 0 | -96.17 | 0 | -65.33 | 0 | 0.12 | -40.0 | -467.69 | 0 | 49.57 | 14.72 | 101.92 | -4.82 | -1.92 | 0 | 6.82 | -36.89 | 161.87 | 90.86 |
| 2022 (9) | 91.53 | 18.16 | -155.70 | 0 | 12.25 | -25.17 | -145.31 | 0 | -156.76 | 0 | -42.37 | 0 | -32.07 | 0 | 0.20 | 66.67 | -128.15 | 0 | 43.21 | 77.6 | 107.08 | 4.89 | -7.08 | 0 | 10.81 | 14.48 | 84.81 | 10.75 |
| 2021 (8) | 77.46 | 2.92 | -238.30 | 0 | 16.37 | 14.11 | -233.59 | 0 | -251.86 | 0 | -36.15 | 0 | -30.40 | 0 | 0.12 | -20.0 | -210.62 | 0 | 24.33 | 64.61 | 102.08 | 1.66 | -2.08 | 0 | 9.45 | -5.09 | 76.58 | 7.35 |
| 2020 (7) | 75.26 | -2.34 | -210.38 | 0 | 14.35 | -53.21 | -209.52 | 0 | -221.63 | 0 | -37.48 | 0 | -32.80 | 0 | 0.15 | 66.67 | -187.83 | 0 | 14.78 | 16.75 | 100.41 | 0.41 | -0.41 | 0 | 9.95 | -58.84 | 71.34 | -70.72 |
| 2019 (6) | 77.06 | 66.19 | -625.18 | 0 | 30.67 | -27.52 | -624.99 | 0 | -647.91 | 0 | -69.88 | 0 | -59.59 | 0 | 0.09 | 125.0 | -573.33 | 0 | 12.66 | -49.9 | 100.00 | 0.37 | -0.00 | 0 | 24.18 | -14.13 | 243.61 | -61.27 |
| 2018 (5) | 46.37 | -26.22 | -2093.26 | 0 | 42.31 | 12.82 | -2101.90 | 0 | -2118.28 | 0 | -100.07 | 0 | -83.08 | 0 | 0.04 | 33.33 | -2038.46 | 0 | 25.27 | 53.43 | 99.63 | -1.04 | 0.37 | 0 | 28.16 | 0 | 629.07 | -0.61 |
| 2017 (4) | 62.85 | 0 | -1867.17 | 0 | 37.50 | 0 | -1856.26 | 0 | -1869.28 | 0 | -77.60 | 0 | -65.16 | 0 | 0.03 | 0 | -1779.17 | 0 | 16.47 | -25.14 | 100.68 | -0.29 | -0.68 | 0 | 0.00 | 0 | 632.91 | 0 |
| 2016 (3) | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | -69.76 | 0 | -60.10 | 0 | 0.00 | 0 | 0.00 | 0 | 22.00 | 224.01 | 100.97 | 0.06 | -0.97 | 0 | 0.00 | 0 | 0.00 | 0 |
| 2015 (2) | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | -170.61 | 0 | -94.94 | 0 | 0.00 | 0 | 0.00 | 0 | 6.79 | -98.99 | 100.91 | -36.93 | -0.61 | 0 | 0.00 | 0 | 0.00 | 0 |
| 2014 (1) | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | -19.70 | 0 | -3.05 | 0 | 0.00 | 0 | 0.00 | 0 | 673.94 | 212.39 | 160.00 | 0 | -60.00 | 0 | 0.00 | 0 | 0.00 | 0 |
