- 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 | |||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 21Q4 (20) | 0.27 | 112.62 | -67.07 | 35.43 | 0.51 | 2.37 | 9.92 | 1082.18 | 29.34 | 2.35 | 114.52 | -38.8 | 1.30 | 107.61 | -72.86 | 0.98 | 112.58 | -66.67 | 0.65 | 134.76 | -45.38 | 0.21 | 61.54 | 16.67 | 7.34 | 188.75 | -24.33 | 256.46 | 1.16 | 6.38 | 420.93 | 6673.15 | 111.39 | -322.09 | -443.44 | -224.94 | 0.00 | -100.0 | 0 |
| 21Q3 (19) | -2.14 | -307.77 | -51.77 | 35.25 | -2.08 | 2.06 | -1.01 | -115.61 | -55.38 | -16.19 | -282.11 | -12.51 | -17.09 | -351.32 | -29.86 | -7.79 | -310.54 | -49.23 | -1.87 | -230.77 | -71.56 | 0.13 | -18.75 | 8.33 | -8.27 | -152.78 | -112.05 | 253.51 | 2.54 | 4.14 | 6.21 | -91.46 | 39.31 | 93.79 | 244.37 | -1.84 | 15.21 | 25.6 | 0 |
| 21Q2 (18) | 1.03 | 180.47 | 202.94 | 36.00 | 7.05 | 8.76 | 6.47 | 3705.88 | -9.51 | 8.89 | 203.37 | 133.95 | 6.80 | 164.27 | 185.71 | 3.70 | 180.43 | 203.28 | 1.43 | 238.83 | 90.67 | 0.16 | 23.08 | 6.67 | 15.67 | 1943.53 | 39.04 | 247.24 | -1.0 | 5.2 | 72.77 | 3410.85 | -61.53 | 27.23 | -73.21 | 130.93 | 12.11 | 0 | 0 |
| 21Q1 (17) | -1.28 | -256.1 | 52.59 | 33.63 | -2.83 | -3.72 | 0.17 | -97.78 | -86.92 | -8.60 | -323.96 | 59.43 | -10.58 | -320.88 | 55.11 | -4.60 | -256.46 | 50.11 | -1.03 | -186.55 | 56.72 | 0.13 | -27.78 | 8.33 | -0.85 | -108.76 | 92.46 | 249.73 | 3.59 | 3.83 | -2.20 | -101.1 | 64.84 | 101.65 | 202.55 | -4.11 | 0.00 | 0 | 0 |
| 20Q4 (16) | 0.82 | 158.16 | 530.77 | 34.61 | 0.2 | 4.59 | 7.67 | 1280.0 | 73.14 | 3.84 | 126.69 | 135.58 | 4.79 | 136.4 | 514.1 | 2.94 | 156.32 | 617.07 | 1.19 | 209.17 | 85.94 | 0.18 | 50.0 | 5.88 | 9.70 | 348.72 | 3.52 | 241.08 | -0.97 | 12.13 | 199.12 | 4363.67 | -27.15 | -99.12 | -203.75 | 42.81 | 0.00 | 0 | -100.0 |
| 20Q3 (15) | -1.41 | -514.71 | 20.34 | 34.54 | 4.35 | -9.2 | -0.65 | -109.09 | 88.91 | -14.39 | -478.68 | 19.34 | -13.16 | -652.94 | 28.75 | -5.22 | -527.87 | 2.79 | -1.09 | -245.33 | 9.92 | 0.12 | -20.0 | 33.33 | -3.90 | -134.61 | 5.8 | 243.43 | 3.58 | 12.06 | 4.46 | -97.64 | -86.38 | 95.54 | 208.51 | 42.1 | 0.00 | 0 | -100.0 |
| 20Q2 (14) | 0.34 | 112.59 | -69.37 | 33.10 | -5.24 | -11.73 | 7.15 | 450.0 | -16.18 | 3.80 | 117.92 | -59.92 | 2.38 | 110.1 | -69.91 | 1.22 | 113.23 | -62.23 | 0.75 | 131.51 | -53.99 | 0.15 | 25.0 | 7.14 | 11.27 | 200.0 | -39.6 | 235.01 | -2.29 | 17.83 | 189.13 | 3126.09 | 110.35 | -88.04 | -183.05 | -972.78 | 0.00 | 0 | -100.0 |
| 20Q1 (13) | -2.70 | -2176.92 | -27.96 | 34.93 | 5.56 | -8.18 | 1.30 | -70.65 | 114.38 | -21.20 | -1400.61 | 6.24 | -23.57 | -3121.79 | 0.38 | -9.22 | -2348.78 | -51.15 | -2.38 | -471.88 | -51.59 | 0.12 | -29.41 | 33.33 | -11.27 | -220.28 | -37.44 | 240.52 | 11.87 | 21.63 | -6.25 | -102.29 | -115.62 | 106.01 | 161.16 | 76.68 | 0.00 | -100.0 | -100.0 |
| 19Q4 (12) | 0.13 | 107.34 | -84.88 | 33.09 | -13.01 | -18.84 | 4.43 | 175.6 | -70.97 | 1.63 | 109.14 | -82.32 | 0.78 | 104.22 | -82.15 | 0.41 | 107.64 | -82.4 | 0.64 | 152.89 | -51.15 | 0.17 | 88.89 | -5.56 | 9.37 | 326.33 | -41.18 | 215.00 | -1.03 | 16.83 | 273.33 | 734.24 | 65.27 | -173.33 | -357.8 | -165.1 | 12.28 | -42.8 | 12.97 |
| 19Q3 (11) | -1.77 | -259.46 | -4525.0 | 38.04 | 1.44 | -11.0 | -5.86 | -168.7 | -418.58 | -17.84 | -288.19 | -1866.34 | -18.47 | -333.5 | -5230.56 | -5.37 | -266.25 | -4981.82 | -1.21 | -174.23 | -324.07 | 0.09 | -35.71 | -10.0 | -4.14 | -122.19 | -133.36 | 217.24 | 8.92 | 5.17 | 32.76 | -63.56 | 129.32 | 67.24 | 566.51 | -69.11 | 21.47 | 60.1 | 5.35 |
| 19Q2 (10) | 1.11 | 152.61 | -26.97 | 37.50 | -1.42 | -10.27 | 8.53 | 194.36 | -34.74 | 9.48 | 141.93 | 5.57 | 7.91 | 133.43 | -17.52 | 3.23 | 152.95 | -20.25 | 1.63 | 203.82 | -7.39 | 0.14 | 55.56 | 0.0 | 18.66 | 327.56 | 12.0 | 199.44 | 0.86 | -7.7 | 89.91 | 124.78 | -38.15 | 10.09 | -83.19 | 122.23 | 13.41 | -42.57 | -2.97 |
| 19Q1 (9) | -2.11 | -345.35 | -16.57 | 38.04 | -6.7 | -1.09 | -9.04 | -159.24 | -107.82 | -22.61 | -345.23 | -62.31 | -23.66 | -641.42 | -64.19 | -6.10 | -361.8 | -29.51 | -1.57 | -219.85 | -35.34 | 0.09 | -50.0 | -18.18 | -8.20 | -151.48 | -61.74 | 197.74 | 7.45 | -3.8 | 40.00 | -75.81 | 28.19 | 60.00 | 191.76 | -12.79 | 23.35 | 114.81 | 18.47 |
| 18Q4 (8) | 0.86 | 2050.0 | -1.15 | 40.77 | -4.61 | -4.14 | 15.26 | 1450.44 | 1.33 | 9.22 | 812.87 | 5.37 | 4.37 | 1113.89 | 7.37 | 2.33 | 2018.18 | 5.91 | 1.31 | 142.59 | 8.26 | 0.18 | 80.0 | 0.0 | 15.93 | 28.36 | 0 | 184.03 | -10.91 | -7.8 | 165.38 | 247.98 | -3.89 | -65.38 | -130.04 | 9.29 | 10.87 | -46.66 | -6.78 |
| 18Q3 (7) | 0.04 | -97.37 | -50.0 | 42.74 | 2.27 | -2.62 | -1.13 | -108.65 | 56.03 | 1.01 | -88.75 | 115.19 | 0.36 | -96.25 | -41.94 | 0.11 | -97.28 | -50.0 | 0.54 | -69.32 | 1.89 | 0.10 | -28.57 | -9.09 | 12.41 | -25.51 | 556.61 | 206.56 | -4.4 | 4.14 | -111.76 | -176.88 | -388.9 | 217.65 | 579.71 | 254.97 | 20.38 | 47.47 | 12.29 |
| 18Q2 (6) | 1.52 | 183.98 | 263.44 | 41.79 | 8.66 | 9.89 | 13.07 | 400.46 | 2078.33 | 8.98 | 164.47 | 283.27 | 9.59 | 166.55 | 260.1 | 4.05 | 185.99 | 270.17 | 1.76 | 251.72 | 633.33 | 0.14 | 27.27 | 7.69 | 16.66 | 428.6 | 0 | 216.07 | 5.11 | 0.06 | 145.37 | 365.89 | 1294.11 | -45.37 | -165.95 | -140.45 | 13.82 | -29.88 | -9.79 |
| 18Q1 (5) | -1.81 | -308.05 | -75.73 | 38.46 | -9.57 | 9.48 | -4.35 | -128.88 | -15.08 | -13.93 | -259.2 | -153.27 | -14.41 | -454.05 | -77.68 | -4.71 | -314.09 | -89.16 | -1.16 | -195.87 | -182.93 | 0.11 | -38.89 | 10.0 | -5.07 | 0 | 0 | 205.56 | 2.99 | 1.74 | 31.20 | -81.87 | -54.69 | 68.80 | 195.44 | 120.98 | 19.71 | 69.04 | 13.28 |
| 17Q4 (4) | 0.87 | 987.5 | 0.0 | 42.53 | -3.1 | 0.0 | 15.06 | 685.99 | 0.0 | 8.75 | 231.58 | 0.0 | 4.07 | 556.45 | 0.0 | 2.20 | 900.0 | 0.0 | 1.21 | 128.3 | 0.0 | 0.18 | 63.64 | 0.0 | 0.00 | -100.0 | 0.0 | 199.59 | 0.63 | 0.0 | 172.08 | 344.82 | 0.0 | -72.08 | -217.57 | 0.0 | 11.66 | -35.76 | 0.0 |
| 17Q3 (3) | 0.08 | 108.6 | 0.0 | 43.89 | 15.41 | 0.0 | -2.57 | -528.33 | 0.0 | -6.65 | -35.71 | 0.0 | 0.62 | 110.35 | 0.0 | 0.22 | 109.24 | 0.0 | 0.53 | 260.61 | 0.0 | 0.11 | -15.38 | 0.0 | 1.89 | 0 | 0.0 | 198.34 | -8.15 | 0.0 | 38.69 | 417.78 | 0.0 | 61.31 | -45.34 | 0.0 | 18.15 | 18.47 | 0.0 |
| 17Q2 (2) | -0.93 | 9.71 | 0.0 | 38.03 | 8.26 | 0.0 | 0.60 | 115.87 | 0.0 | -4.90 | 10.91 | 0.0 | -5.99 | 26.14 | 0.0 | -2.38 | 4.42 | 0.0 | -0.33 | 19.51 | 0.0 | 0.13 | 30.0 | 0.0 | 0.00 | 0 | 0.0 | 215.94 | 6.88 | 0.0 | -12.17 | -117.68 | 0.0 | 112.17 | 260.32 | 0.0 | 15.32 | -11.95 | 0.0 |
| 17Q1 (1) | -1.03 | 0.0 | 0.0 | 35.13 | 0.0 | 0.0 | -3.78 | 0.0 | 0.0 | -5.50 | 0.0 | 0.0 | -8.11 | 0.0 | 0.0 | -2.49 | 0.0 | 0.0 | -0.41 | 0.0 | 0.0 | 0.10 | 0.0 | 0.0 | 0.00 | 0.0 | 0.0 | 202.04 | 0.0 | 0.0 | 68.87 | 0.0 | 0.0 | 31.13 | 0.0 | 0.0 | 17.40 | 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 | ||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2021 (10) | -2.07 | 0 | 35.17 | 2.63 | 4.86 | 8.24 | 1.37 | -21.65 | -2.02 | 0 | -3.49 | 0 | -7.35 | 0 | -0.74 | 0 | 0.60 | 9.09 | 4.57 | 58.68 | 256.46 | 6.38 | -239.53 | 0 | 339.53 | 82.12 | 34.14 | -5.93 | 0.00 | 0 |
| 2020 (9) | -2.94 | 0 | 34.27 | -5.41 | 4.49 | 297.35 | 1.75 | -18.53 | -5.19 | 0 | -5.52 | 0 | -9.93 | 0 | -1.47 | 0 | 0.55 | 12.24 | 2.88 | -53.4 | 241.08 | 12.13 | -86.43 | 0 | 186.43 | 48.25 | 36.29 | -5.2 | 13.27 | -19.23 |
| 2019 (8) | -2.64 | 0 | 36.23 | -11.46 | 1.13 | -84.95 | 2.14 | 48.12 | -4.37 | 0 | -5.42 | 0 | -8.00 | 0 | -0.52 | 0 | 0.49 | -5.77 | 6.18 | -44.12 | 215.00 | 16.83 | -25.75 | 0 | 125.75 | 0 | 38.29 | 2.44 | 16.43 | 7.53 |
| 2018 (7) | 0.61 | 0 | 40.92 | 1.72 | 7.51 | 91.58 | 1.45 | 19.33 | 2.77 | 0 | 1.06 | 0 | 1.60 | 0 | 2.43 | 161.29 | 0.52 | 0.0 | 11.06 | 68.6 | 184.03 | -7.8 | 270.75 | 0 | -170.75 | 0 | 37.37 | 10.7 | 15.28 | 1.13 |
| 2017 (6) | -1.00 | 0 | 40.23 | -5.43 | 3.92 | -26.73 | 1.21 | -10.96 | -0.79 | 0 | -1.60 | 0 | -2.44 | 0 | 0.93 | -80.21 | 0.52 | -5.45 | 6.56 | -56.96 | 199.59 | 2.58 | -500.00 | 0 | 601.33 | 1480.54 | 33.76 | 0 | 15.11 | -3.33 |
| 2016 (5) | 3.65 | 0 | 42.54 | 4.5 | 5.35 | -33.37 | 1.36 | 38.35 | 8.64 | 0 | 5.51 | 0 | 8.70 | 0 | 4.70 | 1368.75 | 0.55 | -11.29 | 15.24 | 275.37 | 194.57 | 7.87 | 61.84 | 0 | 38.05 | -95.85 | 0.00 | 0 | 15.63 | 13.18 |
| 2015 (4) | -1.38 | 0 | 40.71 | 3.25 | 8.03 | -27.98 | 0.98 | 23.42 | -0.99 | 0 | -1.89 | 0 | -3.33 | 0 | 0.32 | -92.52 | 0.62 | -10.14 | 4.06 | -59.36 | 180.37 | -3.11 | -815.74 | 0 | 915.74 | 0 | 0.00 | 0 | 13.81 | 17.03 |
| 2014 (3) | 3.03 | 12.22 | 39.43 | 3.55 | 11.15 | 42.04 | 0.80 | -10.34 | 5.64 | 15.57 | 3.99 | 0.5 | 7.15 | 7.04 | 4.28 | -2.51 | 0.69 | -5.48 | 9.99 | 10.63 | 186.15 | 46.63 | 197.84 | 22.78 | -97.84 | 0 | 0.00 | 0 | 11.80 | -2.96 |
| 2013 (2) | 2.70 | -39.05 | 38.08 | -3.59 | 7.85 | -27.58 | 0.89 | -1.97 | 4.88 | -38.38 | 3.97 | -39.39 | 6.68 | -48.62 | 4.39 | -38.6 | 0.73 | -14.12 | 9.03 | -23.6 | 126.95 | -5.79 | 161.14 | 17.81 | -61.14 | 0 | 0.00 | 0 | 12.16 | 5.37 |
| 2012 (1) | 4.43 | 0 | 39.50 | 0 | 10.84 | 0 | 0.91 | 0 | 7.92 | 0 | 6.55 | 0 | 13.00 | 0 | 7.15 | 0 | 0.85 | 0 | 11.82 | 0 | 134.75 | 0 | 136.77 | 0 | -36.77 | 0 | 0.00 | 0 | 11.54 | 0 |
