- 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)
| EPS QoQ YoY | 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 | |||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 17Q4 (20) | 0.48 | -33.33 | -47.25 | 20.74 | -5.43 | -12.01 | 10.73 | -14.02 | -21.74 | 8.93 | -23.35 | -41.63 | 6.89 | -32.98 | -46.0 | 2.19 | -35.78 | -49.54 | 1.33 | -31.09 | -45.04 | 0.18 | 0.0 | 0.0 | 27.38 | -6.74 | -11.88 | 76.94 | -3.38 | -11.54 | 120.15 | 12.12 | 33.97 | -20.15 | -181.59 | -294.68 | 21.45 | -0.19 | -4.24 |
| 17Q3 (19) | 0.72 | 4.35 | -16.28 | 21.93 | 19.18 | -4.74 | 12.48 | 35.95 | -8.24 | 11.65 | -19.38 | -19.04 | 10.28 | -2.74 | -16.15 | 3.41 | 4.6 | -19.39 | 1.93 | 4.89 | -15.35 | 0.18 | 12.5 | 0.0 | 29.36 | -10.24 | -2.88 | 79.63 | -14.93 | -8.52 | 107.15 | 68.59 | 13.44 | -7.15 | -119.61 | -229.92 | 21.49 | -7.01 | -1.65 |
| 17Q2 (18) | 0.69 | 115.62 | -23.33 | 18.40 | -4.22 | -21.77 | 9.18 | 3.15 | -30.66 | 14.45 | 124.03 | -3.15 | 10.57 | 107.25 | -18.44 | 3.26 | 118.79 | -21.45 | 1.84 | 102.2 | -21.37 | 0.16 | 0.0 | -5.88 | 32.71 | 31.26 | 0 | 93.60 | 14.89 | -7.36 | 63.56 | -53.9 | -28.4 | 36.47 | 196.3 | 224.96 | 23.11 | 1.94 | 4.66 |
| 17Q1 (17) | 0.32 | -64.84 | -37.25 | 19.21 | -18.5 | -6.61 | 8.90 | -35.08 | -9.0 | 6.45 | -57.84 | -34.45 | 5.10 | -60.03 | -38.63 | 1.49 | -65.67 | -33.48 | 0.91 | -62.4 | -35.0 | 0.16 | -11.11 | 0.0 | 24.92 | -19.79 | -9.91 | 81.47 | -6.33 | 16.94 | 137.88 | 53.74 | 38.61 | -37.88 | -466.03 | -7288.94 | 22.67 | 1.21 | -4.39 |
| 16Q4 (16) | 0.91 | 5.81 | 0 | 23.57 | 2.39 | 0 | 13.71 | 0.81 | 0 | 15.30 | 6.32 | 0 | 12.76 | 4.08 | 0 | 4.34 | 2.6 | 0 | 2.42 | 6.14 | 0 | 0.18 | 0.0 | 0 | 31.07 | 2.78 | 84.28 | 86.98 | -0.08 | 0 | 89.68 | -5.06 | 0 | 10.35 | 87.93 | 0 | 22.40 | 2.52 | 0 |
| 16Q3 (15) | 0.86 | -4.44 | 0 | 23.02 | -2.13 | 0 | 13.60 | 2.72 | 0 | 14.39 | -3.55 | 0 | 12.26 | -5.4 | 0 | 4.23 | 1.93 | 0 | 2.28 | -2.56 | 0 | 0.18 | 5.88 | 0 | 30.23 | 0 | -7.81 | 87.05 | -13.85 | 0 | 94.46 | 6.41 | 0 | 5.51 | -50.94 | 0 | 21.85 | -1.04 | 0 |
| 16Q2 (14) | 0.90 | 76.47 | 0 | 23.52 | 14.34 | 0 | 13.24 | 35.38 | 0 | 14.92 | 51.63 | 0 | 12.96 | 55.96 | 0 | 4.15 | 85.27 | 0 | 2.34 | 67.14 | 0 | 0.17 | 6.25 | 0 | 0.00 | -100.0 | -100.0 | 101.04 | 45.03 | 0 | 88.78 | -10.75 | 0 | 11.22 | 2030.41 | 0 | 22.08 | -6.87 | 0 |
| 16Q1 (13) | 0.51 | 0 | 0 | 20.57 | 0 | 0 | 9.78 | 0 | 0 | 9.84 | 0 | 0 | 8.31 | 0 | 0 | 2.24 | 0 | 0 | 1.40 | 0 | 0 | 0.16 | 0 | 0 | 27.66 | 64.06 | -12.02 | 69.67 | 0 | 0 | 99.47 | 0 | 0 | 0.53 | 0 | 0 | 23.71 | 0 | 0 |
| 15Q4 (12) | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 16.86 | -48.58 | -48.85 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 |
| 15Q3 (11) | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 32.79 | -11.4 | -2.0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 |
| 15Q2 (10) | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 37.01 | 17.72 | 12.9 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 |
| 15Q1 (9) | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 31.44 | -4.61 | 1.42 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 |
| 14Q4 (8) | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 32.96 | -1.49 | 7.36 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 |
| 14Q3 (7) | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 33.46 | 2.07 | 14.71 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 |
| 14Q2 (6) | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 32.78 | 5.74 | 17.79 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 |
| 14Q1 (5) | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 31.00 | 0.98 | 70.99 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 |
| 13Q4 (4) | 0.00 | 0 | 0.0 | 0.00 | 0 | 0.0 | 0.00 | 0 | 0.0 | 0.00 | 0 | 0.0 | 0.00 | 0 | 0.0 | 0.00 | 0 | 0.0 | 0.00 | 0 | 0.0 | 0.00 | 0 | 0.0 | 30.70 | 5.25 | 0.0 | 0.00 | 0 | 0.0 | 0.00 | 0 | 0.0 | 0.00 | 0 | 0.0 | 0.00 | 0 | 0.0 |
| 13Q3 (3) | 0.00 | 0 | 0.0 | 0.00 | 0 | 0.0 | 0.00 | 0 | 0.0 | 0.00 | 0 | 0.0 | 0.00 | 0 | 0.0 | 0.00 | 0 | 0.0 | 0.00 | 0 | 0.0 | 0.00 | 0 | 0.0 | 29.17 | 4.81 | 0.0 | 0.00 | 0 | 0.0 | 0.00 | 0 | 0.0 | 0.00 | 0 | 0.0 | 0.00 | 0 | 0.0 |
| 13Q2 (2) | 0.00 | 0 | 0.0 | 0.00 | 0 | 0.0 | 0.00 | 0 | 0.0 | 0.00 | 0 | 0.0 | 0.00 | 0 | 0.0 | 0.00 | 0 | 0.0 | 0.00 | 0 | 0.0 | 0.00 | 0 | 0.0 | 27.83 | 53.5 | 0.0 | 0.00 | 0 | 0.0 | 0.00 | 0 | 0.0 | 0.00 | 0 | 0.0 | 0.00 | 0 | 0.0 |
| 13Q1 (1) | 0.00 | 0.0 | 0.0 | 0.00 | 0.0 | 0.0 | 0.00 | 0.0 | 0.0 | 0.00 | 0.0 | 0.0 | 0.00 | 0.0 | 0.0 | 0.00 | 0.0 | 0.0 | 0.00 | 0.0 | 0.0 | 0.00 | 0.0 | 0.0 | 18.13 | 0.0 | 0.0 | 0.00 | 0.0 | 0.0 | 0.00 | 0.0 | 0.0 | 0.00 | 0.0 | 0.0 | 0.00 | 0.0 | 0.0 |
| EPS YoY | 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 | ||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
