- 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) | 85.44 | 18.26 | 33.54 | -101.85 | 58.63 | 81.86 | -100.48 | 55.81 | 81.49 | -95.41 | 56.11 | 81.79 | -3.87 | 13.81 | 49.21 | -3.56 | 14.63 | 48.18 | 0.04 | 100.0 | 300.0 | -65.00 | 59.85 | 84.46 | 9.79 | 32.12 | -20.92 | 100.00 | -7.69 | -3.23 | -2.50 | 70.0 | 25.0 | 36.47 | -50.5 | -65.84 |
| 23Q3 (19) | 72.25 | -15.01 | -14.12 | -246.18 | -262.94 | 61.65 | -227.36 | -260.66 | 64.14 | -217.40 | -277.56 | 64.49 | -4.49 | -113.81 | 37.98 | -4.17 | -114.95 | 37.48 | 0.02 | -33.33 | 100.0 | -161.90 | -515.12 | 66.27 | 7.41 | -3.89 | -20.15 | 108.33 | 0.0 | 8.33 | -8.33 | 0.0 | -408.33 | 73.68 | 74.35 | -46.5 |
| 23Q2 (18) | 85.01 | 16.45 | -3.17 | -67.83 | 87.42 | 90.44 | -63.04 | 88.11 | 90.87 | -57.58 | 88.73 | 91.21 | -2.10 | 65.8 | 53.23 | -1.94 | 65.42 | 53.48 | 0.03 | 200.0 | 200.0 | -26.32 | 93.42 | 94.36 | 7.71 | 5.47 | -4.22 | 108.33 | 6.47 | 5.75 | -8.33 | -375.0 | -241.67 | 42.26 | -66.24 | -82.51 |
| 23Q1 (17) | 73.00 | 14.1 | 44.9 | -539.14 | 3.97 | 50.49 | -530.17 | 2.36 | 49.99 | -510.76 | 2.5 | 49.82 | -6.14 | 19.42 | -11.03 | -5.61 | 18.34 | -9.78 | 0.01 | 0.0 | 0.0 | -400.00 | 4.35 | 50.0 | 7.31 | -40.95 | -5.31 | 101.75 | -1.53 | -0.13 | -1.75 | 47.37 | 7.02 | 125.17 | 17.23 | -35.11 |
| 22Q4 (16) | 63.98 | -23.95 | 13.92 | -561.40 | 12.55 | 44.45 | -542.96 | 14.37 | -30.98 | -523.87 | 14.42 | -26.37 | -7.62 | -5.25 | -246.36 | -6.87 | -3.0 | -230.29 | 0.01 | 0.0 | 0.0 | -418.18 | 12.88 | -198.7 | 12.38 | 33.41 | 45.31 | 103.33 | 3.33 | -57.82 | -3.33 | -103.33 | 97.7 | 106.77 | -22.47 | -57.97 |
| 22Q3 (15) | 84.13 | -4.17 | 288.67 | -641.96 | 9.51 | 63.87 | -634.09 | 8.2 | 67.31 | -612.15 | 6.57 | 68.44 | -7.24 | -61.25 | -64.17 | -6.67 | -59.95 | -54.76 | 0.01 | 0.0 | 0 | -480.00 | -2.86 | 71.76 | 9.28 | 15.28 | 237.45 | 100.00 | -2.38 | 8.33 | -1.64 | 32.79 | -121.31 | 137.72 | -43.01 | -75.21 |
| 22Q2 (14) | 87.79 | 74.26 | 71.5 | -709.42 | 34.85 | 73.22 | -690.73 | 34.84 | 75.63 | -655.23 | 35.62 | 76.88 | -4.49 | 18.81 | -8.98 | -4.17 | 18.4 | -3.73 | 0.01 | 0.0 | 0 | -466.67 | 41.67 | 86.27 | 8.05 | 4.27 | 306.57 | 102.44 | 0.54 | 8.13 | -2.44 | -29.27 | -130.89 | 241.64 | 25.27 | -73.89 |
| 22Q1 (13) | 50.38 | -10.29 | -3.84 | -1088.87 | -7.75 | 73.09 | -1060.06 | -155.72 | 75.37 | -1017.83 | -145.53 | 76.35 | -5.53 | -151.36 | 2.47 | -5.11 | -145.67 | 7.26 | 0.01 | 0.0 | 0 | -800.00 | -471.43 | 80.95 | 7.72 | -9.39 | 156.48 | 101.89 | -58.41 | 8.83 | -1.89 | 98.7 | -129.56 | 192.90 | -24.07 | -82.14 |
| 21Q4 (12) | 56.16 | 225.95 | 2.37 | -1010.57 | 43.12 | 88.86 | -414.54 | 78.63 | 95.76 | -414.54 | 78.63 | 95.76 | -2.20 | 50.11 | 49.19 | -2.08 | 51.74 | 50.71 | 0.01 | 0 | 0 | -140.00 | 91.76 | 0 | 8.52 | 209.82 | 188.81 | 245.00 | 165.42 | 161.9 | -145.00 | -1985.0 | -2347.5 | 254.06 | -54.27 | -93.1 |
| 21Q3 (11) | -44.59 | -187.11 | -153.71 | -1776.57 | 32.93 | 74.15 | -1939.59 | 31.57 | 74.19 | -1939.59 | 31.57 | 74.19 | -4.41 | -7.04 | 24.49 | -4.31 | -7.21 | 24.39 | 0.00 | 0 | 0 | -1700.00 | 50.0 | 56.41 | 2.75 | 38.89 | 18.53 | 92.31 | -2.56 | 1.54 | 7.69 | -2.56 | -15.38 | 555.51 | -39.97 | -73.68 |
| 21Q2 (10) | 51.19 | -2.29 | 270.67 | -2648.81 | 34.53 | 79.98 | -2834.37 | 34.15 | 80.39 | -2834.37 | 34.15 | 80.39 | -4.12 | 27.34 | 59.8 | -4.02 | 27.04 | 59.68 | 0.00 | 0 | 0 | -3400.00 | 19.05 | 0 | 1.98 | -34.22 | -24.14 | 94.74 | 1.2 | 3.62 | 7.89 | 23.68 | -7.89 | 925.33 | -14.33 | -80.09 |
| 21Q1 (9) | 52.39 | -4.5 | 628.12 | -4046.14 | 55.42 | 55.3 | -4304.60 | 56.01 | 56.82 | -4304.60 | 56.01 | 56.82 | -5.67 | -30.95 | 11.82 | -5.51 | -30.57 | 11.56 | 0.00 | 0 | 0 | -4200.00 | 0 | 0 | 3.01 | 2.03 | -12.75 | 93.62 | 0.07 | 1.88 | 6.38 | -1.06 | -21.28 | 1080.15 | -70.66 | 0 |
| 20Q4 (8) | 54.86 | -33.92 | 163.82 | -9075.24 | -32.05 | 30.99 | -9785.27 | -30.2 | 28.39 | -9785.27 | -30.2 | 28.39 | -4.33 | 25.86 | 45.4 | -4.22 | 25.96 | 45.19 | 0.00 | 0 | 0 | 0.00 | 100.0 | 0 | 2.95 | 27.16 | -3.28 | 93.55 | 2.9 | -2.47 | 6.45 | -29.03 | 58.06 | 3681.82 | 74.44 | 14.5 |
| 20Q3 (7) | 83.02 | 501.16 | 151.8 | -6872.67 | 48.07 | 43.52 | -7515.45 | 48.01 | 31.65 | -7515.45 | 48.01 | 31.65 | -5.84 | 43.02 | 7.3 | -5.70 | 42.83 | 7.17 | 0.00 | 0 | 0 | -3900.00 | 0 | 0 | 2.32 | -11.11 | -15.64 | 90.91 | -0.57 | -17.36 | 9.09 | 6.06 | 190.91 | 2110.70 | -54.59 | -36.82 |
| 20Q2 (6) | 13.81 | 239.21 | -72.42 | -13234.00 | -46.19 | -29.02 | -14456.30 | -45.01 | -44.3 | -14456.30 | -45.01 | -44.3 | -10.25 | -59.41 | 9.53 | -9.97 | -60.03 | 9.86 | 0.00 | 0 | 0 | 0.00 | 0 | 100.0 | 2.61 | -24.35 | 17.04 | 91.43 | -0.5 | -10.98 | 8.57 | 5.71 | 417.14 | 4648.04 | 0 | 52.82 |
| 20Q1 (5) | -9.92 | 88.46 | 0 | -9052.55 | 31.16 | 0 | -9968.90 | 27.04 | 0 | -9968.90 | 27.04 | 0 | -6.43 | 18.92 | 0 | -6.23 | 19.09 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 3.45 | 13.11 | 0 | 91.89 | -4.2 | 0 | 8.11 | 98.65 | 0 | 0.00 | -100.0 | 0 |
| 19Q4 (4) | -85.96 | -360.72 | 0.0 | -13150.00 | -8.06 | 0.0 | -13663.80 | -24.26 | 0.0 | -13663.80 | -24.26 | 0.0 | -7.93 | -25.87 | 0.0 | -7.70 | -25.41 | 0.0 | 0.00 | 0 | 0.0 | 0.00 | 0 | 0.0 | 3.05 | 10.91 | 0.0 | 95.92 | -12.8 | 0.0 | 4.08 | 140.82 | 0.0 | 3215.45 | -3.75 | 0.0 |
| 19Q3 (3) | 32.97 | -34.15 | 0.0 | -12169.00 | -18.64 | 0.0 | -10996.20 | -9.76 | 0.0 | -10996.20 | -9.76 | 0.0 | -6.30 | 44.4 | 0.0 | -6.14 | 44.48 | 0.0 | 0.00 | 0 | 0.0 | 0.00 | 100.0 | 0.0 | 2.75 | 23.32 | 0.0 | 110.00 | 7.11 | 0.0 | -10.00 | -270.0 | 0.0 | 3340.66 | 9.84 | 0.0 |
| 19Q2 (2) | 50.07 | 0 | 0.0 | -10257.00 | 0 | 0.0 | -10018.10 | 0 | 0.0 | -10018.10 | 0 | 0.0 | -11.33 | 0 | 0.0 | -11.06 | 0 | 0.0 | 0.00 | 0 | 0.0 | -6500.00 | 0 | 0.0 | 2.23 | 0 | 0.0 | 102.70 | 0 | 0.0 | -2.70 | 0 | 0.0 | 3041.43 | 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) | 81.54 | 12.56 | -160.63 | 0 | 7.27 | -62.42 | -153.97 | 0 | -146.41 | 0 | -19.07 | 0 | -17.17 | 0 | 0.12 | 300.0 | -103.64 | 0 | 9.79 | -20.92 | 104.73 | 2.34 | -4.14 | 0 | 16.00 | -42.32 | 54.35 | -64.97 |
| 2022 (9) | 72.44 | 119.52 | -697.11 | 0 | 19.35 | -56.45 | -680.20 | 0 | -653.50 | 0 | -24.54 | 0 | -22.26 | 0 | 0.03 | 200.0 | -519.35 | 0 | 12.38 | 45.31 | 102.34 | -10.14 | -2.34 | 0 | 27.74 | 1.8 | 155.16 | -69.85 |
| 2021 (8) | 33.00 | -37.12 | -1772.67 | 0 | 44.44 | -85.19 | -1556.45 | 0 | -1556.45 | 0 | -17.51 | 0 | -16.49 | 0 | 0.01 | 0 | -1288.89 | 0 | 8.52 | 188.81 | 113.89 | 24.09 | -13.89 | 0 | 27.25 | 93.66 | 514.59 | -84.66 |
| 2020 (7) | 52.48 | 314.53 | -9591.89 | 0 | 300.00 | -40.0 | -10451.80 | 0 | -10451.80 | 0 | -22.51 | 0 | -21.85 | 0 | 0.00 | 0 | -12600.00 | 0 | 2.95 | -3.28 | 91.78 | -10.42 | 8.22 | 0 | 14.07 | -28.24 | 3353.91 | 6.19 |
| 2019 (6) | 12.66 | 0 | -11438.30 | 0 | 500.00 | 0 | -11150.10 | 0 | -11150.10 | 0 | -26.67 | 0 | -25.93 | 0 | 0.00 | 0 | -14500.00 | 0 | 3.05 | 13.38 | 102.45 | 3.07 | -2.45 | 0 | 19.60 | 25.97 | 3158.38 | 0 |
| 2018 (5) | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | -33.84 | 0 | -30.82 | 0 | 0.00 | 0 | 0.00 | 0 | 2.69 | -87.97 | 99.40 | -4.74 | 0.60 | 0 | 15.56 | 0 | 0.00 | 0 |
| 2017 (4) | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | -51.27 | 0 | -42.41 | 0 | 0.00 | 0 | 0.00 | 0 | 22.36 | 23.95 | 104.35 | 4.35 | -4.35 | 0 | 0.00 | 0 | 0.00 | 0 |
| 2016 (3) | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 18.04 | 0 | 100.00 | 0 | -0.00 | 0 | 0.00 | 0 | 0.00 | 0 |
