- 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 | |||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 21Q2 (20) | -0.66 | 72.38 | 79.88 | 100.00 | 0.0 | 0.0 | -57.15 | 90.06 | 97.38 | -46.91 | 91.91 | 97.72 | -47.14 | 91.87 | 97.71 | -12.62 | 56.51 | 62.0 | -5.05 | 61.63 | 69.99 | 0.11 | 450.0 | 1000.0 | -35.62 | 93.23 | 98.1 | 139.48 | 2.85 | 71.14 | 122.67 | 23.8 | 15.51 | -21.33 | -2425.33 | -244.18 | 0.00 | 0 | 0 |
| 21Q1 (19) | -2.39 | 35.05 | 17.59 | 100.00 | 0.0 | 0.0 | -574.73 | 76.73 | 67.64 | -579.50 | 76.05 | 67.6 | -580.14 | 76.04 | 67.63 | -29.02 | 21.36 | 16.82 | -13.16 | 26.27 | 21.81 | 0.02 | 100.0 | 100.0 | -526.32 | 76.95 | 67.44 | 135.61 | 32.12 | 12.17 | 99.08 | -2.91 | -0.45 | 0.92 | 144.65 | 96.33 | 0.00 | -100.0 | 0 |
| 20Q4 (18) | -3.68 | -32.37 | 12.59 | 100.00 | 0.0 | 0.0 | -2470.05 | -570.15 | -3.73 | -2419.50 | -584.65 | -5.85 | -2421.53 | -584.88 | -4.83 | -36.90 | -32.21 | 4.06 | -17.85 | -24.74 | 9.48 | 0.01 | -75.0 | 0.0 | -2283.33 | -597.69 | -8.73 | 102.64 | -2.89 | 11.58 | 102.05 | -2.13 | -1.9 | -2.05 | 51.92 | 49.0 | 415.96 | 373.27 | -3.59 |
| 20Q3 (17) | -2.78 | 15.24 | 0.71 | 100.00 | 0.0 | 0.0 | -368.58 | 83.08 | 61.28 | -353.39 | 82.81 | 62.67 | -353.57 | 82.83 | 62.67 | -27.91 | 15.96 | 18.25 | -14.31 | 14.97 | -1.06 | 0.04 | 300.0 | 100.0 | -327.27 | 82.55 | 59.88 | 105.70 | 29.69 | 14.37 | 104.27 | -1.81 | 3.69 | -4.27 | 31.05 | -660.68 | 87.89 | 0 | -73.69 |
| 20Q2 (16) | -3.28 | -13.1 | 13.68 | 100.00 | 0.0 | 0.0 | -2178.94 | -22.67 | -85.6 | -2055.78 | -14.94 | -75.93 | -2058.74 | -14.88 | -75.56 | -33.21 | 4.82 | 38.29 | -16.83 | 0.0 | 11.65 | 0.01 | 0.0 | -50.0 | -1875.00 | -15.98 | -82.29 | 81.50 | -32.59 | -63.77 | 106.20 | 6.7 | 5.76 | -6.20 | -1426.45 | -1393.8 | 0.00 | 0 | -100.0 |
| 20Q1 (15) | -2.90 | 31.12 | -64.77 | 100.00 | 0.0 | 0.0 | -1776.22 | 25.4 | -2398.2 | -1788.58 | 21.76 | -2432.68 | -1792.09 | 22.42 | -2431.56 | -34.89 | 9.28 | -92.87 | -16.83 | 14.66 | -122.32 | 0.01 | 0.0 | -90.91 | -1616.67 | 23.02 | -2904.96 | 120.90 | 31.43 | -18.37 | 99.53 | -4.32 | -1.36 | 0.47 | 111.6 | 151.87 | 0.00 | -100.0 | -100.0 |
| 19Q4 (14) | -4.21 | -50.36 | 13.91 | 100.00 | 0.0 | 0.0 | -2381.12 | -150.17 | -33.77 | -2285.88 | -141.5 | -29.63 | -2309.86 | -143.86 | -30.91 | -38.46 | -12.65 | 32.25 | -19.72 | -39.27 | 21.4 | 0.01 | -50.0 | 0.0 | -2100.00 | -157.42 | -21.84 | 91.99 | -0.47 | -17.78 | 104.03 | 3.45 | 3.36 | -4.03 | -617.22 | -312.33 | 431.47 | 29.18 | -7.88 |
| 19Q3 (13) | -2.80 | 26.32 | 20.45 | 100.00 | 0.0 | 0.0 | -951.80 | 18.93 | 28.59 | -946.55 | 19.0 | 26.11 | -947.20 | 19.23 | 26.16 | -34.14 | 36.57 | 12.24 | -14.16 | 25.67 | 17.0 | 0.02 | 0.0 | 100.0 | -815.79 | 20.69 | 31.64 | 92.42 | -58.92 | -36.63 | 100.56 | 0.15 | -3.38 | -0.56 | -35.39 | 86.24 | 334.01 | 4.74 | -36.84 |
| 19Q2 (12) | -3.80 | -115.91 | 9.09 | 100.00 | 0.0 | 0.0 | -1174.00 | -1551.2 | 21.88 | -1168.52 | -1554.66 | 21.68 | -1172.67 | -1556.55 | 21.48 | -53.82 | -197.51 | -63.79 | -19.05 | -151.65 | 4.37 | 0.02 | -81.82 | 100.0 | -1028.57 | -1811.84 | 24.85 | 224.95 | 51.88 | 110.19 | 100.41 | -0.48 | -0.44 | -0.41 | 53.94 | 51.87 | 318.89 | 470.06 | -35.62 |
| 19Q1 (11) | -1.76 | 64.01 | 41.14 | 100.00 | 0.0 | 0.0 | -71.10 | 96.01 | 94.14 | -70.62 | 96.0 | 94.01 | -70.79 | 95.99 | 94.0 | -18.09 | 68.13 | 1.74 | -7.57 | 69.83 | 46.24 | 0.11 | 1000.0 | 1000.0 | -53.80 | 96.88 | 95.08 | 148.11 | 32.38 | 347.19 | 100.90 | 0.25 | -2.05 | -0.90 | 7.81 | 70.09 | 55.94 | -88.06 | -89.53 |
| 18Q4 (10) | -4.89 | -38.92 | 0 | 100.00 | 0.0 | 0 | -1780.04 | -33.55 | 0 | -1763.40 | -37.65 | 0 | -1764.48 | -37.55 | 0 | -56.77 | -45.94 | 0 | -25.09 | -47.07 | 0 | 0.01 | 0.0 | 0 | -1723.53 | -44.43 | 0 | 111.88 | -23.29 | 0 | 100.65 | -3.3 | 0 | -0.98 | 76.06 | 0 | 468.39 | -11.43 | 0 |
| 18Q3 (9) | -3.52 | 15.79 | 0 | 100.00 | 0.0 | 0 | -1332.85 | 11.31 | 0 | -1281.05 | 14.14 | 0 | -1282.81 | 14.11 | 0 | -38.90 | -18.38 | 0 | -17.06 | 14.36 | 0 | 0.01 | 0.0 | 0 | -1193.33 | 12.82 | 0 | 145.85 | 36.28 | 0 | 104.08 | 3.19 | 0 | -4.08 | -373.47 | 0 | 528.81 | 6.75 | 0 |
| 18Q2 (8) | -4.18 | -39.8 | 0 | 100.00 | 0.0 | 0 | -1502.81 | -23.89 | 0 | -1491.95 | -26.54 | 0 | -1493.51 | -26.55 | 0 | -32.86 | -78.49 | 0 | -19.92 | -41.48 | 0 | 0.01 | 0.0 | 0 | -1368.75 | -25.24 | 0 | 107.02 | 223.13 | 0 | 100.86 | -2.09 | 0 | -0.86 | 71.38 | 0 | 495.35 | -7.31 | 0 |
| 18Q1 (7) | -2.99 | 0 | 0 | 100.00 | 0 | 0 | -1212.99 | 0 | 0 | -1179.01 | 0 | 0 | -1180.21 | 0 | 0 | -18.41 | 0 | 0 | -14.08 | 0 | 0 | 0.01 | 0 | 0 | -1092.86 | 0 | 0 | 33.12 | 0 | 0 | 103.01 | 0 | 0 | -3.01 | 0 | 0 | 534.43 | 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 | ||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2020 (10) | -12.42 | 0 | 100.00 | 0.0 | -992.21 | 0 | 51.96 | 67.07 | -963.60 | 0 | -964.71 | 0 | -124.06 | 0 | -61.85 | 0 | 0.07 | -53.33 | -891.18 | 0 | 102.64 | 11.58 | 102.95 | 1.07 | -2.95 | 0 | 0.06 | -60.38 | 211.64 | 64.92 |
| 2019 (9) | -12.32 | 0 | 100.00 | 0.0 | -390.96 | 0 | 31.10 | -50.56 | -384.15 | 0 | -386.12 | 0 | -116.10 | 0 | -56.25 | 0 | 0.15 | 200.0 | -338.76 | 0 | 91.99 | -17.78 | 101.87 | -0.02 | -1.74 | 0 | 0.14 | -48.85 | 128.33 | -74.58 |
| 2018 (8) | -14.37 | 0 | 100.00 | 0.0 | -1472.94 | 0 | 62.90 | -25.12 | -1445.20 | 0 | -1446.59 | 0 | -108.85 | 0 | -66.68 | 0 | 0.05 | 66.67 | -1359.68 | 0 | 111.88 | 301.29 | 101.89 | -0.95 | -1.89 | 0 | 0.28 | 0 | 504.87 | -22.65 |
| 2017 (7) | -15.75 | 0 | 100.00 | 0.0 | -1810.19 | 0 | 84.00 | -44.88 | -1758.86 | 0 | -1760.78 | 0 | -62.63 | 0 | -51.83 | 0 | 0.03 | 50.0 | -1634.00 | 0 | 27.88 | 70.21 | 102.86 | 1.27 | -2.86 | 0 | 0.00 | 0 | 652.75 | -21.4 |
| 2016 (6) | -14.89 | 0 | 100.00 | 0.0 | -2007.72 | 0 | 152.38 | 75.82 | -1976.66 | 0 | -1978.01 | 0 | -38.44 | 0 | -33.94 | 0 | 0.02 | 0.0 | -1776.19 | 0 | 16.38 | 56.9 | 101.58 | -3.84 | -1.58 | 0 | 0.00 | 0 | 830.52 | 46.68 |
| 2015 (5) | -12.25 | 0 | 100.00 | 0.0 | -1193.55 | 0 | 86.67 | 89.09 | -1129.70 | 0 | -1130.46 | 0 | -24.32 | 0 | -22.38 | 0 | 0.02 | -33.33 | -1020.00 | 0 | 10.44 | 58.9 | 105.63 | -0.5 | -5.63 | 0 | 0.00 | 0 | 566.20 | 96.26 |
| 2014 (4) | -11.54 | 0 | 100.00 | 0.0 | -700.06 | 0 | 45.83 | 203.65 | -659.46 | 0 | -659.77 | 0 | -19.01 | 0 | -18.01 | 0 | 0.03 | -57.14 | -604.17 | 0 | 6.57 | 54.59 | 106.16 | 3.83 | -6.16 | 0 | 0.00 | 0 | 288.50 | 107.63 |
| 2013 (3) | -8.22 | 0 | 100.00 | 0 | -258.27 | 0 | 15.09 | 0 | -252.52 | 0 | -252.75 | 0 | -17.88 | 0 | -16.43 | 0 | 0.07 | 0 | -232.08 | 0 | 4.25 | 0 | 102.24 | 0 | -2.24 | 0 | 0.00 | 0 | 138.95 | 0 |
