- 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) | -0.11 | -102.1 | -102.85 | -22.54 | 7.36 | -27.63 | -47.96 | -472.32 | -65.04 | -48.75 | -376.54 | -64.7 | -6.52 | -658.14 | -55.98 | -4.01 | -735.42 | -54.23 | 0.08 | 33.33 | -11.11 | -37.37 | -838.54 | -73.81 | 66.60 | 36.0 | 25.38 | 46.97 | -83.79 | -22.7 | 53.03 | 127.95 | 35.16 | 12.90 | -30.42 | 15.38 |
| 23Q3 (19) | 5.25 | 258.61 | -52.27 | -24.33 | 29.5 | -206.42 | -8.38 | 76.59 | -51.26 | -10.23 | 72.37 | -65.0 | -0.86 | 71.52 | 18.1 | -0.48 | 75.88 | 12.73 | 0.06 | 0.0 | -45.45 | 5.06 | 122.64 | 1076.74 | 48.97 | 6.29 | -10.06 | 289.71 | 201.38 | 102.79 | -189.71 | -5487.65 | -342.65 | 18.54 | -5.74 | 75.9 |
| 23Q2 (18) | -3.31 | -71.5 | -124.34 | -34.51 | -53.99 | -3777.53 | -35.80 | -56.81 | -2302.68 | -37.02 | -59.98 | -1629.91 | -3.02 | -17.51 | -586.36 | -1.99 | -20.61 | -1226.67 | 0.06 | -25.0 | -50.0 | -22.35 | -65.8 | -673.08 | 46.07 | 9.9 | -31.06 | 96.13 | -1.92 | 58.33 | 3.52 | 76.76 | -91.04 | 19.67 | 39.01 | 174.34 |
| 23Q1 (17) | -1.93 | -150.0 | -119.15 | -22.41 | -26.9 | -686.32 | -22.83 | 21.44 | -756.03 | -23.14 | 21.82 | -1223.3 | -2.57 | 38.52 | -684.09 | -1.65 | 36.54 | -585.29 | 0.08 | -11.11 | -33.33 | -13.48 | 37.3 | -250.11 | 41.92 | -21.08 | -39.11 | 98.01 | 61.29 | 219.57 | 1.99 | -94.92 | -98.91 | 14.15 | 26.57 | 76.43 |
| 22Q4 (16) | 3.86 | -64.91 | 24.12 | -17.66 | -122.42 | -85.31 | -29.06 | -424.55 | -167.59 | -29.60 | -377.42 | -155.61 | -4.18 | -298.1 | -18.08 | -2.60 | -372.73 | -59.51 | 0.09 | -18.18 | -40.0 | -21.50 | -5100.0 | -254.79 | 53.12 | -2.44 | -47.6 | 60.77 | -57.46 | -30.47 | 39.23 | 191.55 | 221.72 | 11.18 | 6.07 | 60.63 |
| 22Q3 (15) | 11.00 | -19.12 | 47.45 | -7.94 | -792.13 | -21.97 | -5.54 | -271.81 | 38.17 | -6.20 | -189.72 | 17.77 | -1.05 | -138.64 | 42.31 | -0.55 | -266.67 | 30.38 | 0.11 | -8.33 | -8.33 | 0.43 | -88.97 | 113.27 | 54.45 | -18.52 | -44.99 | 142.86 | 135.29 | 97.34 | -42.86 | -209.09 | -255.24 | 10.54 | 47.0 | 37.24 |
| 22Q2 (14) | 13.60 | 34.92 | 66.87 | -0.89 | 68.77 | 79.11 | -1.49 | -142.82 | 79.36 | -2.14 | -203.88 | 68.01 | -0.44 | -200.0 | 77.08 | -0.15 | -144.12 | 80.0 | 0.12 | 0.0 | -7.69 | 3.90 | -56.57 | 317.88 | 66.83 | -2.92 | -34.37 | 60.71 | 174.07 | 3.07 | 39.29 | -78.41 | -4.4 | 7.17 | -10.6 | 19.5 |
| 22Q1 (13) | 10.08 | 224.12 | -22.7 | -2.85 | 70.09 | -120.2 | 3.48 | 132.04 | -72.94 | 2.06 | 117.79 | -82.2 | 0.44 | 112.43 | -89.6 | 0.34 | 120.86 | -81.82 | 0.12 | -20.0 | -20.0 | 8.98 | 248.18 | -49.72 | 68.84 | -32.09 | -46.48 | -81.97 | -193.79 | -174.49 | 181.97 | 1392.13 | 1978.16 | 8.02 | 15.23 | 38.28 |
| 21Q4 (12) | 3.11 | -58.31 | -67.37 | -9.53 | -46.39 | -557.24 | -10.86 | -21.21 | -1545.45 | -11.58 | -53.58 | -12966.67 | -3.54 | -94.51 | -8950.0 | -1.63 | -106.33 | -726.92 | 0.15 | 25.0 | -11.76 | -6.06 | -87.04 | -246.38 | 101.37 | 2.4 | -39.51 | 87.40 | 20.73 | -60.9 | 12.20 | -55.83 | 109.87 | 6.96 | -9.37 | 35.41 |
| 21Q3 (11) | 7.46 | -8.47 | -55.52 | -6.51 | -52.82 | -191.69 | -8.96 | -24.1 | -209.94 | -7.54 | -12.71 | -213.55 | -1.82 | 5.21 | -149.06 | -0.79 | -5.33 | -152.67 | 0.12 | -7.69 | -36.84 | -3.24 | -81.01 | -126.28 | 98.99 | -2.79 | -42.72 | 72.39 | 22.9 | -16.96 | 27.61 | -32.82 | 115.34 | 7.68 | 28.0 | 66.23 |
| 21Q2 (10) | 8.15 | -37.5 | -34.96 | -4.26 | -130.19 | -107.8 | -7.22 | -156.14 | -3.44 | -6.69 | -157.82 | -0.3 | -1.92 | -145.39 | 32.39 | -0.75 | -140.11 | -19.05 | 0.13 | -13.33 | 0.0 | -1.79 | -110.02 | -297.78 | 101.83 | -20.83 | -49.79 | 58.90 | -46.47 | 98.26 | 41.10 | 524.17 | -42.13 | 6.00 | 3.45 | 0 |
| 21Q1 (9) | 13.04 | 36.83 | 8.13 | 14.11 | 1073.1 | 180.31 | 12.86 | 2048.48 | 146.81 | 11.57 | 12755.56 | 139.02 | 4.23 | 10475.0 | 131.52 | 1.87 | 619.23 | 152.97 | 0.15 | -11.76 | 7.14 | 17.86 | 331.4 | 205.56 | 128.63 | -23.25 | -47.07 | 110.03 | -50.77 | 71.76 | -9.69 | 92.16 | -126.83 | 5.80 | 12.84 | 0 |
| 20Q4 (8) | 9.53 | -43.17 | -14.14 | -1.45 | -120.42 | 8.81 | -0.66 | -108.1 | 91.26 | 0.09 | -98.64 | 101.15 | 0.04 | -98.92 | 101.24 | 0.26 | -82.67 | 129.89 | 0.17 | -10.53 | 21.43 | 4.14 | -66.42 | 379.73 | 167.59 | -3.03 | -10.39 | 223.53 | 156.4 | 977.01 | -123.53 | -1063.53 | -257.13 | 5.14 | 11.26 | -3.75 |
| 20Q3 (7) | 16.77 | 33.84 | 34.37 | 7.10 | 446.34 | 374.13 | 8.15 | 216.76 | 814.91 | 6.64 | 199.55 | 410.28 | 3.71 | 230.63 | 575.64 | 1.50 | 338.1 | 5100.0 | 0.19 | 46.15 | 58.33 | 12.33 | 2840.0 | 106.19 | 172.82 | -14.78 | -10.07 | 87.18 | 193.43 | -60.86 | 12.82 | -81.95 | 110.07 | 4.62 | 0 | -26.55 |
| 20Q2 (6) | 12.53 | 3.9 | 1.46 | -2.05 | 88.33 | -262.7 | -6.98 | 74.59 | 9.47 | -6.67 | 77.5 | -8.1 | -2.84 | 78.84 | -8.4 | -0.63 | 82.15 | -110.0 | 0.13 | -7.14 | 8.33 | -0.45 | 97.34 | -142.06 | 202.79 | -16.56 | -8.47 | 29.71 | -53.62 | 282.51 | 71.01 | 96.66 | -38.93 | 0.00 | 0 | -100.0 |
| 20Q1 (5) | 12.06 | 8.65 | 12.82 | -17.57 | -1005.03 | 0 | -27.47 | -263.84 | -233.41 | -29.65 | -279.64 | -276.8 | -13.42 | -316.77 | -280.38 | -3.53 | -305.75 | -248.95 | 0.14 | 0.0 | 27.27 | -16.92 | -1043.24 | -156.34 | 243.03 | 29.94 | -15.49 | 64.06 | 208.66 | 0 | 36.11 | -54.07 | -63.89 | 0.00 | -100.0 | -100.0 |
| 19Q4 (4) | 11.10 | -11.06 | 0.0 | -1.59 | 38.61 | 0.0 | -7.55 | -562.28 | 0.0 | -7.81 | -264.95 | 0.0 | -3.22 | -312.82 | 0.0 | -0.87 | -2800.0 | 0.0 | 0.14 | 16.67 | 0.0 | -1.48 | -124.75 | 0.0 | 187.03 | -2.68 | 0.0 | 20.75 | -90.68 | 0.0 | 78.62 | 161.77 | 0.0 | 5.34 | -15.1 | 0.0 |
| 19Q3 (3) | 12.48 | 1.05 | 0.0 | -2.59 | -305.56 | 0.0 | -1.14 | 85.21 | 0.0 | -2.14 | 65.32 | 0.0 | -0.78 | 70.23 | 0.0 | -0.03 | 90.0 | 0.0 | 0.12 | 0.0 | 0.0 | 5.98 | 458.88 | 0.0 | 192.18 | -13.26 | 0.0 | 222.73 | 1468.18 | 0.0 | -127.27 | -209.45 | 0.0 | 6.29 | 2.78 | 0.0 |
| 19Q2 (2) | 12.35 | 15.53 | 0.0 | 1.26 | 0 | 0.0 | -7.71 | -137.45 | 0.0 | -6.17 | -136.79 | 0.0 | -2.62 | -135.22 | 0.0 | -0.30 | -112.66 | 0.0 | 0.12 | 9.09 | 0.0 | 1.07 | -96.44 | 0.0 | 221.56 | -22.96 | 0.0 | -16.28 | 0 | 0.0 | 116.28 | 16.28 | 0.0 | 6.12 | -13.19 | 0.0 |
| 19Q1 (1) | 10.69 | 0.0 | 0.0 | 0.00 | 0.0 | 0.0 | 20.59 | 0.0 | 0.0 | 16.77 | 0.0 | 0.0 | 7.44 | 0.0 | 0.0 | 2.37 | 0.0 | 0.0 | 0.11 | 0.0 | 0.0 | 30.03 | 0.0 | 0.0 | 287.59 | 0.0 | 0.0 | 0.00 | 0.0 | 0.0 | 100.00 | 0.0 | 0.0 | 7.05 | 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) | -0.16 | 0 | -25.28 | 0 | 9.04 | 98.1 | -30.37 | 0 | -31.33 | 0 | -13.02 | 0 | -7.74 | 0 | 0.26 | -42.22 | -18.93 | 0 | 66.60 | 25.38 | 83.28 | -12.29 | 16.81 | 232.62 | 2.57 | -3.48 | 15.77 | 73.87 |
| 2022 (9) | 9.96 | 25.28 | -6.70 | 0 | 4.56 | 19.73 | -7.06 | 0 | -7.89 | 0 | -6.13 | 0 | -3.07 | 0 | 0.45 | -18.18 | -1.03 | 0 | 53.12 | -47.6 | 94.95 | 146.68 | 5.05 | -91.73 | 2.66 | -4.79 | 9.07 | 38.05 |
| 2021 (8) | 7.95 | -38.28 | -1.23 | 0 | 3.81 | 17.41 | -3.17 | 0 | -3.28 | 0 | -4.15 | 0 | -1.24 | 0 | 0.55 | -14.06 | 2.05 | 99.03 | 101.37 | -39.51 | 38.49 | -21.12 | 61.13 | 19.39 | 2.80 | 3.37 | 6.57 | 30.62 |
| 2020 (7) | 12.88 | 10.75 | -2.54 | 0 | 3.24 | -22.6 | -5.21 | 0 | -5.87 | 0 | -10.33 | 0 | -2.28 | 0 | 0.64 | 25.49 | 1.03 | -88.77 | 167.59 | -10.39 | 48.80 | 0 | 51.20 | -66.29 | 2.70 | 106.41 | 5.03 | -19.0 |
| 2019 (6) | 11.63 | 0 | -0.65 | 0 | 4.19 | -38.76 | 1.25 | 0 | 0.36 | 0 | 0.62 | 0 | 1.65 | 0 | 0.51 | 15.91 | 9.17 | 0 | 187.03 | -34.88 | -51.89 | 0 | 151.89 | 50.76 | 1.31 | 22.57 | 6.21 | -14.93 |
| 2018 (5) | -1.51 | 0 | 0.17 | 0 | 6.85 | 23.12 | -22.73 | 0 | -23.06 | 0 | -36.17 | 0 | -8.38 | 0 | 0.44 | -13.73 | -10.97 | 0 | 287.22 | 18.46 | -0.75 | 0 | 100.75 | 655.48 | 1.07 | 443.54 | 7.30 | 15.32 |
| 2017 (4) | 2.72 | -79.19 | -17.98 | 0 | 5.56 | 37.89 | -20.75 | 0 | -21.84 | 0 | -31.80 | 0 | -9.85 | 0 | 0.51 | -32.89 | -11.79 | 0 | 242.46 | 71.45 | 86.66 | -8.03 | 13.34 | 134.26 | 0.20 | 0 | 6.33 | 16.79 |
| 2016 (3) | 13.07 | -14.18 | 7.21 | -30.81 | 4.03 | 14.44 | 7.64 | -15.39 | 4.29 | -26.67 | 7.64 | -40.36 | 4.52 | -30.78 | 0.76 | -23.23 | 13.77 | 1.77 | 141.42 | 9.14 | 94.23 | -18.37 | 5.69 | 0 | 0.00 | 0 | 5.42 | 9.05 |
| 2015 (2) | 15.23 | 37.21 | 10.42 | 157.28 | 3.52 | -22.75 | 9.03 | 30.68 | 5.85 | 15.38 | 12.81 | 33.3 | 6.53 | 25.34 | 0.99 | 6.45 | 13.53 | 10.9 | 129.58 | 14.41 | 115.44 | 96.91 | -15.44 | 0 | 0.00 | 0 | 4.97 | -24.12 |
| 2014 (1) | 11.10 | 0 | 4.05 | 0 | 4.56 | -33.34 | 6.91 | 0 | 5.07 | 0 | 9.61 | 0 | 5.21 | 0 | 0.93 | 27.4 | 12.20 | 268.58 | 113.26 | 21.02 | 58.62 | 0 | 41.38 | -73.08 | 0.00 | 0 | 6.55 | -22.58 |
