- 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 | |||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 21Q1 (20) | -0.38 | -116.45 | -123.53 | -48.58 | -144.77 | 0 | -96.82 | -244.9 | 0 | -91.62 | -121.0 | 0 | -91.62 | -121.21 | 0 | -7.97 | -113.36 | 46.72 | -7.33 | -116.22 | 41.55 | 0.08 | -20.0 | 233.33 | -85.71 | -118.91 | -145.71 | 6.81 | -35.51 | -76.6 | 107.69 | 621.54 | 1.36 | -7.69 | -109.2 | -23.08 | 0.00 | 0 | 0 |
| 20Q4 (19) | 2.31 | 331.0 | 988.46 | 108.52 | 0 | 673.57 | 66.82 | 0 | 171.25 | 436.19 | 0 | 390.12 | 431.87 | 0 | 387.24 | 59.64 | 269.19 | 415.89 | 45.20 | 301.43 | 363.1 | 0.10 | 266.67 | -9.09 | 453.33 | 34.32 | 415.36 | 10.56 | -87.41 | 4.55 | 14.93 | -76.78 | -76.12 | 83.58 | 134.03 | 122.89 | 0.00 | 0 | -100.0 |
| 20Q3 (18) | -1.00 | -1011.11 | -566.67 | 0.00 | -100.0 | 0 | 0.00 | 100.0 | 0 | 0.00 | 100.0 | 0 | 0.00 | 100.0 | 0 | -35.25 | -283.57 | -262.65 | -22.44 | -228.07 | -151.01 | -0.06 | 0 | 0 | 337.50 | 0 | 0 | 83.87 | 125.09 | 813.62 | 64.29 | 15.71 | -35.71 | 35.71 | 7.14 | 0 | 0.00 | 0 | 100.0 |
| 20Q2 (17) | -0.09 | 47.06 | -550.0 | 1732.79 | 0 | 355.99 | -1093.48 | 0 | -1299.65 | -1804.68 | 0 | -2514.29 | -1804.68 | 0 | -2514.29 | -9.19 | 38.57 | -770.8 | -6.84 | 45.45 | -618.18 | 0.00 | 100.0 | -100.0 | 0.00 | -100.0 | -100.0 | 37.26 | 28.04 | 417.5 | 55.56 | -47.71 | -62.96 | 33.33 | 633.33 | 0 | 0.00 | 0 | -100.0 |
| 20Q1 (16) | -0.17 | 34.62 | 29.17 | 0.00 | 100.0 | 100.0 | 0.00 | 100.0 | 100.0 | 0.00 | 100.0 | 100.0 | 0.00 | 100.0 | 100.0 | -14.96 | 20.76 | -1.22 | -12.54 | 27.01 | 7.66 | -0.06 | -154.55 | -400.0 | 187.50 | 230.43 | 123.44 | 29.10 | 188.12 | 244.38 | 106.25 | 70.0 | 10.87 | -6.25 | -116.67 | -175.0 | 0.00 | -100.0 | -100.0 |
| 19Q4 (15) | -0.26 | -73.33 | -13.04 | -18.92 | 0 | 0 | -93.78 | 0 | 0 | -150.35 | 0 | 0 | -150.35 | 0 | 0 | -18.88 | -94.24 | -56.94 | -17.18 | -92.17 | -52.85 | 0.11 | 0 | 104.26 | -143.75 | 0 | -3498.35 | 10.10 | 10.02 | 20.67 | 62.50 | -37.5 | -4.17 | 37.50 | 0 | 7.81 | 24.12 | 102.49 | 1763.45 |
| 19Q3 (14) | -0.15 | -850.0 | 16.67 | 0.00 | -100.0 | 100.0 | 0.00 | -100.0 | 100.0 | 0.00 | -100.0 | 100.0 | 0.00 | -100.0 | 100.0 | -9.72 | -809.49 | -20.75 | -8.94 | -777.27 | -17.02 | 0.00 | -100.0 | -100.0 | 0.00 | -100.0 | 100.0 | 9.18 | 27.5 | 61.62 | 100.00 | -33.33 | 6.25 | -0.00 | 0 | -100.0 | -969.19 | -730.0 | -1447.97 |
| 19Q2 (13) | 0.02 | 108.33 | 100.28 | 380.01 | 215.68 | 111.41 | 91.15 | 113.55 | 102.27 | 74.75 | 110.43 | 101.44 | 74.75 | 110.43 | 101.44 | 1.37 | 109.27 | 101.25 | 1.32 | 109.72 | 101.58 | 0.02 | 0.0 | 0.0 | 100.00 | 112.5 | 101.89 | 7.20 | -14.79 | 45.75 | 150.00 | 56.52 | 94.38 | -0.00 | -100.0 | -100.0 | 153.84 | -15.09 | 39.93 |
| 19Q1 (12) | -0.24 | -4.35 | 71.08 | -328.49 | 0 | 55.63 | -672.72 | 0 | 24.29 | -716.98 | 0 | 21.35 | -716.98 | 0 | 21.24 | -14.78 | -22.86 | -94.47 | -13.58 | -20.82 | -125.58 | 0.02 | 100.78 | 100.0 | -800.00 | -19012.53 | -704.87 | 8.45 | 0.96 | -76.88 | 95.83 | 46.94 | -1.86 | 8.33 | -76.04 | 254.17 | 181.19 | 12595.86 | 117.12 |
| 18Q4 (11) | -0.23 | -27.78 | -187.5 | 0.00 | 100.0 | -100.0 | 0.00 | 100.0 | 100.0 | 0.00 | 100.0 | 100.0 | 0.00 | 100.0 | 100.0 | -12.03 | -49.44 | -1722.73 | -11.24 | -47.12 | -1742.62 | -2.58 | -6550.0 | 0 | 4.23 | 102.38 | 104.23 | 8.37 | 47.36 | -34.91 | 65.22 | -30.71 | -62.73 | 34.78 | 491.3 | 139.75 | -1.45 | -102.02 | -100.83 |
| 18Q3 (10) | -0.18 | 97.45 | -108.7 | -39.86 | 98.8 | -199.35 | -176.44 | 95.6 | -25.53 | -187.69 | 96.39 | -107.98 | -187.69 | 96.39 | -107.98 | -8.05 | 92.65 | -141.26 | -7.64 | 90.83 | -144.68 | 0.04 | 100.0 | 300.0 | -177.78 | 96.65 | -107.48 | 5.68 | 14.98 | 320.74 | 94.12 | 21.97 | 1627.6 | 5.88 | -74.24 | -94.46 | 71.90 | -34.6 | -35.76 |
| 18Q2 (9) | -7.07 | -751.81 | -4950.0 | -3330.27 | -349.8 | -9636.86 | -4011.60 | -351.48 | -2187.64 | -5197.76 | -470.2 | -3117.23 | -5198.81 | -471.09 | -3117.88 | -109.52 | -1341.05 | -6702.48 | -83.34 | -1284.39 | -7616.67 | 0.02 | 100.0 | 100.0 | -5300.00 | -4107.26 | 0 | 4.94 | -86.48 | -84.0 | 77.17 | -20.97 | -27.66 | 22.83 | 870.38 | 442.49 | 109.94 | 31.74 | 1.06 |
| 18Q1 (8) | -0.83 | -937.5 | -418.75 | -740.39 | -1932.2 | -2384.45 | -888.54 | -280.99 | -804.09 | -911.57 | -647.19 | -642.74 | -910.33 | -623.86 | -639.93 | -7.60 | -1051.52 | -295.83 | -6.02 | -886.89 | -370.31 | 0.01 | 0 | 0.0 | 132.26 | 232.26 | 0 | 36.55 | 184.21 | 5.73 | 97.65 | -44.2 | 20.18 | 2.35 | 102.69 | -87.45 | 83.45 | -52.08 | 11.06 |
| 17Q4 (7) | -0.08 | -103.86 | 80.95 | 40.41 | 0.72 | 139.54 | -233.22 | -65.92 | -25.6 | -122.00 | -105.18 | 39.23 | -125.76 | -105.34 | 42.09 | -0.66 | -103.38 | 86.83 | -0.61 | -103.57 | 83.65 | 0.00 | -100.0 | -100.0 | -100.00 | -104.21 | 0 | 12.86 | 852.59 | -62.75 | 175.00 | 2940.38 | 89.19 | -87.50 | -182.42 | -1266.67 | 174.16 | 55.61 | 189.69 |
| 17Q3 (6) | 2.07 | 1578.57 | 20800.0 | 40.12 | 14.89 | 445.85 | -140.56 | 19.84 | -104.45 | 2353.31 | 1556.62 | 48422.59 | 2353.31 | 1556.62 | 57080.87 | 19.51 | 1311.8 | 12293.75 | 17.10 | 1683.33 | 56900.0 | 0.01 | 0.0 | -66.67 | 2377.78 | 0 | 27645.39 | 1.35 | -95.63 | -95.91 | -6.16 | -105.78 | -100.51 | 106.16 | 1692.42 | 109.65 | 111.92 | 2.88 | 156.58 |
| 17Q2 (5) | -0.14 | 12.5 | 58.82 | 34.92 | 7.74 | 94.54 | -175.36 | -78.43 | -111.51 | -161.56 | -31.64 | -46.55 | -161.56 | -31.32 | -46.45 | -1.61 | 16.15 | 57.29 | -1.08 | 15.62 | 63.64 | 0.01 | 0.0 | -66.67 | 0.00 | 0 | 0 | 30.87 | -10.7 | 43.38 | 106.67 | 31.28 | 39.49 | -6.67 | -135.56 | -128.33 | 108.79 | 44.78 | 146.47 |
| 17Q1 (4) | -0.16 | 61.9 | 0.0 | 32.41 | 92.12 | 0.0 | -98.28 | 47.07 | 0.0 | -122.73 | 38.86 | 0.0 | -123.03 | 43.35 | 0.0 | -1.92 | 61.68 | 0.0 | -1.28 | 65.68 | 0.0 | 0.01 | -50.0 | 0.0 | 0.00 | 0 | 0.0 | 34.57 | 0.14 | 0.0 | 81.25 | -12.16 | 0.0 | 18.75 | 150.0 | 0.0 | 75.14 | 24.98 | 0.0 |
| 16Q4 (3) | -0.42 | -4100.0 | 0.0 | 16.87 | 129.52 | 0.0 | -185.69 | -170.09 | 0.0 | -200.75 | -4022.18 | 0.0 | -217.18 | -5158.6 | 0.0 | -5.01 | -3031.25 | 0.0 | -3.73 | -12533.33 | 0.0 | 0.02 | -33.33 | 0.0 | 0.00 | -100.0 | 0.0 | 34.52 | 4.7 | 0.0 | 92.50 | -92.29 | 0.0 | 7.50 | 100.68 | 0.0 | 60.12 | 37.83 | 0.0 |
| 16Q3 (2) | -0.01 | 97.06 | 0.0 | 7.35 | -59.05 | 0.0 | -68.75 | 17.08 | 0.0 | -4.87 | 95.58 | 0.0 | -4.13 | 96.26 | 0.0 | -0.16 | 95.76 | 0.0 | 0.03 | 101.01 | 0.0 | 0.03 | 0.0 | 0.0 | 8.57 | 0 | 0.0 | 32.97 | 53.14 | 0.0 | 1200.00 | 1469.23 | 0.0 | -1100.00 | -4775.0 | 0.0 | 43.62 | -1.18 | 0.0 |
| 16Q2 (1) | -0.34 | 0.0 | 0.0 | 17.95 | 0.0 | 0.0 | -82.91 | 0.0 | 0.0 | -110.24 | 0.0 | 0.0 | -110.32 | 0.0 | 0.0 | -3.77 | 0.0 | 0.0 | -2.97 | 0.0 | 0.0 | 0.03 | 0.0 | 0.0 | 0.00 | 0.0 | 0.0 | 21.53 | 0.0 | 0.0 | 76.47 | 0.0 | 0.0 | 23.53 | 0.0 | 0.0 | 44.14 | 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 | ||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2020 (10) | 0.46 | 0 | 57.23 | 0 | -197.78 | 0 | 20.00 | 46.67 | 89.97 | 0 | 85.67 | 0 | 9.60 | 0 | 8.92 | 0 | 0.10 | -28.57 | 120.00 | 0 | 10.56 | 4.55 | -214.29 | 0 | 314.29 | 1642.86 | 0.58 | -62.72 | 0.00 | 0 |
| 2019 (9) | -0.64 | 0 | -52.14 | 0 | -226.88 | 0 | 13.64 | 152.27 | -276.77 | 0 | -276.77 | 0 | -41.39 | 0 | -37.75 | 0 | 0.14 | 180.0 | -263.64 | 0 | 10.10 | 20.67 | 81.97 | 3.22 | 18.03 | -12.93 | 1.55 | 0 | 81.69 | -16.7 |
| 2018 (8) | -8.40 | 0 | -1388.75 | 0 | -1745.88 | 0 | 5.41 | -45.95 | -2200.50 | 0 | -2200.56 | 0 | -120.07 | 0 | -106.54 | 0 | 0.05 | 66.67 | -2183.78 | 0 | 8.37 | -34.91 | 79.41 | 0 | 20.71 | -84.35 | 0.00 | 0 | 98.07 | -2.76 |
| 2017 (7) | 1.70 | 0 | 32.93 | 108.68 | -139.54 | 0 | 10.00 | 58.75 | 432.69 | 0 | 432.01 | 0 | 17.11 | 0 | 14.39 | 0 | 0.03 | -76.92 | 462.50 | 0 | 12.86 | -62.75 | -32.37 | 0 | 132.37 | 0 | 0.15 | 0 | 100.85 | 97.63 |
| 2016 (6) | -1.09 | 0 | 15.78 | 647.87 | -94.22 | 0 | 6.30 | 20.73 | -85.00 | 0 | -87.22 | 0 | -14.49 | 0 | -10.40 | 0 | 0.13 | -38.1 | -70.08 | 0 | 34.52 | 18.06 | 111.11 | 211.25 | -11.11 | 0 | 0.00 | 0 | 51.03 | -7.45 |
| 2015 (5) | -4.86 | 0 | 2.11 | -82.04 | -70.14 | 0 | 5.22 | 47.39 | -196.65 | 0 | -210.67 | 0 | -57.08 | 0 | -43.52 | 0 | 0.21 | -41.67 | -186.96 | 0 | 29.24 | -4.16 | 35.70 | -64.3 | 64.30 | 0 | 0.00 | 0 | 55.14 | 40.09 |
| 2014 (4) | -1.55 | 0 | 11.75 | -29.98 | -33.23 | 0 | 3.54 | 61.53 | -33.21 | 0 | -33.05 | 0 | -14.53 | 0 | -11.54 | 0 | 0.36 | -41.94 | -28.54 | 0 | 30.51 | 75.14 | 100.00 | -9.72 | -0.00 | 0 | 0.00 | 0 | 39.36 | 55.76 |
| 2013 (3) | -1.57 | 0 | 16.78 | -7.5 | -16.60 | 0 | 2.19 | 25.23 | -14.98 | 0 | -17.88 | 0 | -13.06 | 0 | -11.17 | 0 | 0.62 | -16.22 | -12.00 | 0 | 17.42 | 4.94 | 110.77 | 12.31 | -10.77 | 0 | 0.00 | 0 | 25.27 | 23.93 |
| 2012 (2) | -0.57 | 0 | 18.14 | 0 | -5.99 | 0 | 1.75 | 0 | -6.10 | 0 | -4.74 | 0 | -4.17 | 0 | -3.49 | 0 | 0.74 | 0 | -3.75 | 0 | 16.60 | 0 | 98.63 | 0 | 1.37 | 0 | 0.00 | 0 | 20.39 | 0 |
