- 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 | |||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 20Q2 (20) | -0.67 | -157.69 | -323.33 | 66.02 | 18.21 | 27.38 | -3.77 | -253.88 | -184.15 | -23.60 | -691.95 | -535.42 | -15.47 | -203.93 | -613.95 | -3.01 | -276.25 | -610.17 | -1.65 | -415.62 | -375.0 | 0.12 | 20.0 | 0.0 | -17.16 | -444.58 | -232.92 | 72.14 | 10.97 | 7.38 | 16.22 | 119.46 | -80.54 | 84.68 | -53.81 | 408.11 | 0.00 | 0 | -100.0 |
| 20Q1 (19) | -0.26 | -285.71 | -127.66 | 55.85 | -5.15 | 4.2 | 2.45 | -25.53 | -73.94 | -2.98 | -157.64 | -116.4 | -5.09 | -269.1 | -135.67 | -0.80 | -226.98 | -130.42 | -0.32 | -157.14 | -118.18 | 0.10 | -23.08 | -9.09 | 4.98 | -57.07 | -80.36 | 65.01 | 0.73 | 0.39 | -83.33 | -229.63 | -263.12 | 183.33 | 413.33 | 283.33 | 0.00 | -100.0 | -100.0 |
| 19Q4 (18) | 0.14 | 148.28 | 7.69 | 58.88 | 4.18 | 11.33 | 3.29 | -21.48 | 687.5 | 5.17 | 286.64 | 30.23 | 3.01 | 169.84 | 155.08 | 0.63 | 168.48 | 186.36 | 0.56 | 264.71 | 330.77 | 0.13 | 0.0 | 18.18 | 11.60 | 264.78 | 50.06 | 64.54 | -2.7 | -5.89 | 64.29 | 142.86 | 485.71 | 35.71 | -85.35 | -69.39 | 4.83 | -33.84 | -18.14 |
| 19Q3 (17) | -0.29 | -196.67 | -462.5 | 56.52 | 9.05 | 4.76 | 4.19 | -6.47 | 60.54 | -2.77 | -151.11 | -228.24 | -4.31 | -243.19 | -543.28 | -0.92 | -255.93 | -513.33 | -0.34 | -156.67 | -409.09 | 0.13 | 8.33 | 0.0 | 3.18 | -75.37 | -57.03 | 66.33 | -1.27 | -5.65 | -150.00 | -280.0 | -217.86 | 243.75 | 1362.5 | 1440.62 | 7.30 | -17.42 | -5.19 |
| 19Q2 (16) | 0.30 | -68.09 | -6.25 | 51.83 | -3.3 | 9.28 | 4.48 | -52.34 | -53.43 | 5.42 | -70.17 | -26.66 | 3.01 | -78.91 | -34.57 | 0.59 | -77.57 | -43.27 | 0.60 | -65.91 | -25.93 | 0.12 | 9.09 | -20.0 | 12.91 | -49.07 | 10.82 | 67.18 | 3.74 | -8.19 | 83.33 | 63.12 | -36.78 | 16.67 | -65.15 | 156.41 | 8.84 | 51.63 | 33.53 |
| 19Q1 (15) | 0.94 | 623.08 | -22.95 | 53.60 | 1.34 | 7.87 | 9.40 | 1778.57 | -15.09 | 18.17 | 357.68 | -28.55 | 14.27 | 1109.32 | -16.01 | 2.63 | 1095.45 | -22.87 | 1.76 | 1253.85 | -29.88 | 0.11 | 0.0 | -21.43 | 25.35 | 227.94 | -14.96 | 64.76 | -5.57 | 57.84 | 51.09 | 406.52 | 16.65 | 47.83 | -59.01 | -16.0 | 5.83 | -1.19 | -13.24 |
| 18Q4 (14) | 0.13 | 62.5 | -70.45 | 52.89 | -1.96 | 5.55 | -0.56 | -121.46 | -250.0 | 3.97 | 83.8 | -57.68 | 1.18 | 276.12 | -78.85 | 0.22 | 246.67 | -82.11 | 0.13 | 18.18 | -85.56 | 0.11 | -15.38 | -26.67 | 7.73 | 4.46 | -42.23 | 68.58 | -2.45 | 58.38 | -16.67 | -113.1 | -766.67 | 116.67 | 741.67 | 14.47 | 5.90 | -23.38 | 239.08 |
| 18Q3 (13) | 0.08 | -75.0 | -91.84 | 53.95 | 13.75 | 12.77 | 2.61 | -72.87 | -81.28 | 2.16 | -70.77 | -87.87 | -0.67 | -114.57 | -104.75 | -0.15 | -114.42 | -103.87 | 0.11 | -86.42 | -95.99 | 0.13 | -13.33 | -27.78 | 7.40 | -36.48 | -65.04 | 70.30 | -3.92 | 42.77 | 127.27 | -3.45 | 63.44 | -18.18 | 38.46 | -185.31 | 7.70 | 16.31 | 40.77 |
| 18Q2 (12) | 0.32 | -73.77 | -54.29 | 47.43 | -4.55 | -1.23 | 9.62 | -13.1 | -18.06 | 7.39 | -70.94 | -47.06 | 4.60 | -72.93 | -53.44 | 1.04 | -69.5 | -62.86 | 0.81 | -67.73 | -58.88 | 0.15 | 7.14 | -21.05 | 11.65 | -60.92 | -31.75 | 73.17 | 78.33 | 42.38 | 131.82 | 200.98 | 55.64 | -29.55 | -151.89 | -280.97 | 6.62 | -1.49 | 31.35 |
| 18Q1 (11) | 1.22 | 177.27 | 11.93 | 49.69 | -0.84 | 3.07 | 11.07 | 7018.75 | -38.64 | 25.43 | 171.11 | 23.69 | 16.99 | 204.48 | 20.24 | 3.41 | 177.24 | -12.11 | 2.51 | 178.89 | -4.92 | 0.14 | -6.67 | -22.22 | 29.81 | 122.8 | 25.94 | 41.03 | -5.24 | -17.34 | 43.80 | 2377.37 | -50.3 | 56.93 | -44.14 | 352.31 | 6.72 | 286.21 | -8.32 |
| 17Q4 (10) | 0.44 | -55.1 | -26.67 | 50.11 | 4.74 | 5.47 | -0.16 | -101.15 | -101.43 | 9.38 | -47.3 | -12.5 | 5.58 | -60.48 | -16.59 | 1.23 | -68.3 | -47.66 | 0.90 | -67.15 | -38.78 | 0.15 | -16.67 | -31.82 | 13.38 | -36.8 | -1.4 | 43.30 | -12.06 | -22.33 | -1.92 | -102.47 | -101.83 | 101.92 | 378.25 | 2546.15 | 1.74 | -68.19 | -62.42 |
| 17Q3 (9) | 0.98 | 40.0 | 5.38 | 47.84 | -0.37 | -2.67 | 13.94 | 18.74 | -6.0 | 17.80 | 27.51 | 22.51 | 14.12 | 42.91 | 30.98 | 3.88 | 38.57 | 23.96 | 2.74 | 39.09 | 21.24 | 0.18 | -5.26 | -5.26 | 21.17 | 24.02 | 23.08 | 49.24 | -4.18 | -23.35 | 77.87 | -8.06 | -23.39 | 21.31 | 30.53 | 966.67 | 5.47 | 8.53 | -11.35 |
| 17Q2 (8) | 0.70 | -35.78 | -4.11 | 48.02 | -0.39 | -2.95 | 11.74 | -34.92 | -16.26 | 13.96 | -32.1 | -13.24 | 9.88 | -30.08 | -4.45 | 2.80 | -27.84 | 8.11 | 1.97 | -25.38 | -1.01 | 0.19 | 5.56 | 0.0 | 17.07 | -27.88 | -9.49 | 51.39 | 3.53 | 35.59 | 84.69 | -3.88 | -2.79 | 16.33 | 29.71 | 26.77 | 5.04 | -31.24 | 4.13 |
| 17Q1 (7) | 1.09 | 81.67 | 0 | 48.21 | 1.47 | 0 | 18.04 | 61.07 | 0 | 20.56 | 91.79 | 0 | 14.13 | 111.21 | 0 | 3.88 | 65.11 | 0 | 2.64 | 79.59 | 0 | 0.18 | -18.18 | 0 | 23.67 | 74.43 | 3.41 | 49.64 | -10.96 | 0 | 88.11 | -16.25 | 0 | 12.59 | 402.1 | 0 | 7.33 | 58.32 | 0 |
| 16Q4 (6) | 0.60 | -35.48 | 0 | 47.51 | -3.34 | 0 | 11.20 | -24.48 | 0 | 10.72 | -26.22 | 0 | 6.69 | -37.94 | 0 | 2.35 | -24.92 | 0 | 1.47 | -34.96 | 0 | 0.22 | 15.79 | 0 | 13.57 | -21.1 | -12.4 | 55.75 | -13.22 | 0 | 105.21 | 3.51 | 0 | -4.17 | -69.44 | 0 | 4.63 | -24.96 | 0 |
| 16Q3 (5) | 0.93 | 27.4 | 0 | 49.15 | -0.67 | 0 | 14.83 | 5.78 | 0 | 14.53 | -9.7 | 0 | 10.78 | 4.26 | 0 | 3.13 | 20.85 | 0 | 2.26 | 13.57 | 0 | 0.19 | 0.0 | 0 | 17.20 | -8.8 | -21.1 | 64.24 | 69.5 | 0 | 101.64 | 16.66 | 0 | -2.46 | -119.09 | 0 | 6.17 | 27.48 | 0 |
| 16Q2 (4) | 0.73 | 0 | 0.0 | 49.48 | 0 | 0.0 | 14.02 | 0 | 0.0 | 16.09 | 0 | 0.0 | 10.34 | 0 | 0.0 | 2.59 | 0 | 0.0 | 1.99 | 0 | 0.0 | 0.19 | 0 | 0.0 | 18.86 | -17.61 | 0.0 | 37.90 | 0 | 0.0 | 87.12 | 0 | 0.0 | 12.88 | 0 | 0.0 | 4.84 | 0 | 0.0 |
| 16Q1 (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 | 22.89 | 47.77 | 0.0 | 0.00 | 0 | 0.0 | 0.00 | 0 | 0.0 | 0.00 | 0 | 0.0 | 0.00 | 0 | 0.0 |
| 15Q4 (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 | 15.49 | -28.94 | 0.0 | 0.00 | 0 | 0.0 | 0.00 | 0 | 0.0 | 0.00 | 0 | 0.0 | 0.00 | 0 | 0.0 |
| 15Q3 (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 | 21.80 | 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 | ||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2019 (10) | 1.09 | -37.71 | 55.24 | 8.72 | 5.25 | -12.94 | 1.76 | 97.32 | 6.19 | -37.54 | 3.72 | -34.62 | 3.09 | -34.26 | 2.70 | -21.74 | 0.50 | -5.66 | 12.99 | -9.35 | 64.54 | -5.89 | 85.07 | 39.81 | 14.93 | -61.88 | 24.33 | 34.9 | 6.73 | -0.44 |
| 2018 (9) | 1.75 | -45.31 | 50.81 | 4.85 | 6.03 | -47.47 | 0.89 | 46.73 | 9.91 | -37.04 | 5.69 | -49.2 | 4.70 | -59.27 | 3.45 | -57.77 | 0.53 | -23.19 | 14.33 | -25.01 | 68.58 | 58.38 | 60.85 | -16.66 | 39.15 | 45.07 | 18.03 | 0 | 6.76 | 33.6 |
| 2017 (8) | 3.20 | -1.23 | 48.46 | -1.56 | 11.48 | -22.27 | 0.61 | 41.67 | 15.74 | 4.79 | 11.20 | 8.0 | 11.54 | 0.87 | 8.17 | -4.33 | 0.69 | -11.54 | 19.11 | 7.18 | 43.30 | -22.33 | 73.01 | -25.78 | 26.99 | 1556.39 | 0.00 | 0 | 5.06 | -13.06 |
| 2016 (7) | 3.24 | -11.96 | 49.23 | -5.07 | 14.77 | -15.84 | 0.43 | 4.82 | 15.02 | -26.48 | 10.37 | -27.99 | 11.44 | 1.15 | 8.54 | -7.58 | 0.78 | 27.87 | 17.83 | -24.99 | 55.75 | 84.36 | 98.37 | 14.38 | 1.63 | -88.51 | 0.00 | 0 | 5.82 | -21.24 |
| 2015 (6) | 3.68 | -31.21 | 51.86 | 1.87 | 17.55 | 16.69 | 0.41 | 28.67 | 20.43 | -24.53 | 14.40 | -34.19 | 11.31 | -20.52 | 9.24 | -25.0 | 0.61 | 12.96 | 23.77 | -21.06 | 30.24 | 18.12 | 86.00 | 54.64 | 14.18 | -68.05 | 0.00 | 0 | 7.39 | -34.14 |
| 2014 (5) | 5.35 | 5.73 | 50.91 | -5.25 | 15.04 | 21.0 | 0.32 | 17.9 | 27.07 | 4.24 | 21.88 | 3.5 | 14.23 | -3.53 | 12.32 | -8.67 | 0.54 | -12.9 | 30.11 | 5.5 | 25.60 | 100.16 | 55.61 | 16.04 | 44.39 | -14.76 | 0.00 | 0 | 11.22 | -3.11 |
| 2013 (4) | 5.06 | 0 | 53.73 | 0 | 12.43 | 0 | 0.27 | 0 | 25.97 | 0 | 21.14 | 0 | 14.75 | 0 | 13.49 | 0 | 0.62 | 0 | 28.54 | 0 | 12.79 | 0 | 47.93 | 0 | 52.07 | 0 | 0.00 | 0 | 11.58 | 0 |
