- 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) | 0.21 | 23.53 | 310.0 | 7.66 | 2.13 | 468.27 | 5.77 | 12.48 | 218.0 | 3.48 | -27.8 | 272.28 | 4.23 | 1.2 | 292.27 | 1.95 | 28.29 | 314.29 | 0.89 | 20.27 | 470.83 | 0.18 | 20.0 | 0.0 | 5.26 | -30.42 | 0 | 168.32 | 12.76 | 16.4 | 180.00 | 80.0 | -10.0 | -60.00 | 0 | 55.0 | 0.00 | 0 | -100.0 |
| 21Q1 (19) | 0.17 | -66.0 | 1800.0 | 7.50 | 9.17 | 1100.0 | 5.13 | 7.32 | 202.6 | 4.82 | -52.84 | 1560.61 | 4.18 | -58.57 | 1145.0 | 1.52 | -67.8 | 1620.0 | 0.74 | -62.44 | 722.22 | 0.15 | -16.67 | 25.0 | 7.56 | -37.42 | 519.67 | 149.27 | -2.1 | 24.84 | 100.00 | 114.29 | 0 | -0.00 | -100.0 | 0 | 0.00 | 0 | -100.0 |
| 20Q4 (18) | 0.50 | 4900.0 | 1566.67 | 6.87 | 294.83 | 351.97 | 4.78 | 592.75 | 370.06 | 10.22 | 5278.95 | 901.96 | 10.09 | 5505.56 | 1428.79 | 4.72 | 5144.44 | 2045.45 | 1.97 | 1058.82 | 720.83 | 0.18 | -10.0 | 20.0 | 12.08 | 535.79 | 535.79 | 152.47 | -5.52 | 36.24 | 46.67 | 0 | 123.33 | 53.33 | 0 | -82.22 | 0.00 | 0 | 0 |
| 20Q3 (17) | 0.01 | 110.0 | -87.5 | 1.74 | 183.65 | 39.2 | 0.69 | 114.11 | 232.69 | 0.19 | 109.41 | -90.16 | 0.18 | 108.18 | -89.94 | 0.09 | 109.89 | -88.0 | 0.17 | 170.83 | -63.83 | 0.20 | 11.11 | 5.26 | 1.90 | 0 | -37.29 | 161.38 | 11.6 | 33.98 | 0.00 | -100.0 | 100.0 | 0.00 | 100.0 | -100.0 | 0.00 | -100.0 | -100.0 |
| 20Q2 (16) | -0.10 | -900.0 | -190.91 | -2.08 | -177.33 | -241.5 | -4.89 | 2.2 | -1258.33 | -2.02 | -512.12 | -185.59 | -2.20 | -450.0 | -206.8 | -0.91 | -810.0 | -189.22 | -0.24 | -366.67 | -141.38 | 0.18 | 50.0 | -14.29 | 0.00 | -100.0 | -100.0 | 144.60 | 20.93 | 13.57 | 200.00 | 0 | 900.0 | -133.33 | 0 | -233.33 | 2.57 | -5.51 | 170.53 |
| 20Q1 (15) | -0.01 | -133.33 | -109.09 | -0.75 | -149.34 | -139.06 | -5.00 | -182.49 | -16566.67 | -0.33 | -132.35 | -114.22 | -0.40 | -160.61 | -118.1 | -0.10 | -145.45 | -109.52 | 0.09 | -62.5 | -85.25 | 0.12 | -20.0 | -42.86 | 1.22 | -35.79 | -64.12 | 119.57 | 6.84 | -11.13 | 0.00 | 100.0 | 0 | 0.00 | -100.0 | -100.0 | 2.72 | 0 | 147.27 |
| 19Q4 (14) | 0.03 | -62.5 | -72.73 | 1.52 | 21.6 | -14.61 | -1.77 | -240.38 | -420.59 | 1.02 | -47.15 | -61.51 | 0.66 | -63.13 | -80.24 | 0.22 | -70.67 | -80.36 | 0.24 | -48.94 | -64.18 | 0.15 | -21.05 | -6.25 | 1.90 | -37.29 | -51.03 | 111.91 | -7.09 | -2.98 | -200.00 | -500.0 | 0 | 300.00 | 200.0 | 200.0 | 0.00 | -100.0 | -100.0 |
| 19Q3 (13) | 0.08 | -27.27 | 60.0 | 1.25 | -14.97 | 20.19 | -0.52 | -44.44 | 69.77 | 1.93 | -18.22 | 3.21 | 1.79 | -13.11 | 0.56 | 0.75 | -26.47 | 47.06 | 0.47 | -18.97 | 20.51 | 0.19 | -9.52 | 46.15 | 3.03 | -6.19 | -12.17 | 120.45 | -5.4 | 4.6 | -33.33 | -33.33 | 33.33 | 100.00 | 0.0 | -33.33 | 1.33 | 40.0 | -8.9 |
| 19Q2 (12) | 0.11 | 0.0 | -47.62 | 1.47 | -23.44 | -5.16 | -0.36 | -1100.0 | 44.62 | 2.36 | 1.72 | -64.72 | 2.06 | -6.79 | -69.07 | 1.02 | -2.86 | -51.2 | 0.58 | -4.92 | -49.12 | 0.21 | 0.0 | 40.0 | 3.23 | -5.0 | -62.04 | 127.32 | -5.37 | 13.34 | -25.00 | 0 | -50.0 | 100.00 | 0.0 | -14.29 | 0.95 | -13.64 | -29.63 |
| 19Q1 (11) | 0.11 | 0.0 | 257.14 | 1.92 | 7.87 | 43.28 | -0.03 | 91.18 | 96.7 | 2.32 | -12.45 | 393.62 | 2.21 | -33.83 | 187.7 | 1.05 | -6.25 | 247.89 | 0.61 | -8.96 | 458.82 | 0.21 | 31.25 | 61.54 | 3.40 | -12.37 | 42.86 | 134.54 | 16.64 | 17.65 | -0.00 | 0 | 0 | 100.00 | 0.0 | 0 | 1.10 | -30.82 | -51.97 |
| 18Q4 (10) | 0.11 | 120.0 | 57.14 | 1.78 | 71.15 | 11.95 | -0.34 | 80.23 | -131.48 | 2.65 | 41.71 | 26.79 | 3.34 | 87.64 | 43.35 | 1.12 | 119.61 | 64.71 | 0.67 | 71.79 | 36.73 | 0.16 | 23.08 | 14.29 | 3.88 | 12.46 | 12.46 | 115.35 | 0.17 | 3.31 | -0.00 | 100.0 | -100.0 | 100.00 | -33.33 | 100.0 | 1.59 | 8.9 | -25.0 |
| 18Q3 (9) | 0.05 | -76.19 | 183.33 | 1.04 | -32.9 | -5.45 | -1.72 | -164.62 | 67.42 | 1.87 | -72.05 | 181.3 | 1.78 | -73.27 | 178.07 | 0.51 | -75.6 | 180.95 | 0.39 | -65.79 | 425.0 | 0.13 | -13.33 | 0.0 | 3.45 | -59.46 | 0 | 115.15 | 2.51 | 3.27 | -50.00 | -200.0 | -125.0 | 150.00 | 28.57 | 250.0 | 1.46 | 8.15 | -34.82 |
| 18Q2 (8) | 0.21 | 400.0 | 0 | 1.55 | 15.67 | 53.47 | -0.65 | 28.57 | 82.67 | 6.69 | 1323.4 | 7333.33 | 6.66 | 364.29 | 6560.0 | 2.09 | 394.37 | 10350.0 | 1.14 | 770.59 | 470.0 | 0.15 | 15.38 | 50.0 | 8.51 | 257.56 | 0 | 112.33 | -1.78 | 2.72 | -16.67 | 0 | 0 | 116.67 | 0 | 0 | 1.35 | -41.05 | -57.14 |
| 18Q1 (7) | -0.07 | -200.0 | 65.0 | 1.34 | -15.72 | -17.79 | -0.91 | -184.26 | 74.72 | 0.47 | -77.51 | 104.25 | -2.52 | -208.15 | 77.34 | -0.71 | -204.41 | 65.2 | -0.17 | -134.69 | 78.75 | 0.13 | -7.14 | 44.44 | 2.38 | -31.01 | 132.12 | 114.36 | 2.43 | 4.04 | 0.00 | -100.0 | -100.0 | 0.00 | -100.0 | -100.0 | 2.29 | 8.02 | -29.1 |
| 17Q4 (6) | 0.07 | 216.67 | -84.78 | 1.59 | 44.55 | 103.85 | 1.08 | 120.45 | 124.32 | 2.09 | 190.87 | -93.9 | 2.33 | 202.19 | -88.25 | 0.68 | 207.94 | -85.65 | 0.49 | 508.33 | -79.75 | 0.14 | 7.69 | 27.27 | 3.45 | 0 | 0 | 111.65 | 0.13 | 4.01 | 50.00 | -75.0 | 500.0 | 50.00 | 150.0 | -55.56 | 2.12 | -5.36 | -17.83 |
| 17Q3 (5) | -0.06 | 0 | 14.29 | 1.10 | 8.91 | -66.46 | -5.28 | -40.8 | -794.92 | -2.30 | -2655.56 | -23.66 | -2.28 | -2380.0 | 6.56 | -0.63 | -3250.0 | 18.18 | -0.12 | -160.0 | 29.41 | 0.13 | 30.0 | -13.33 | 0.00 | 0 | 0 | 111.50 | 1.96 | -4.56 | 200.00 | 0 | 300.0 | -100.00 | 0 | -300.0 | 2.24 | -28.89 | 16.06 |
| 17Q2 (4) | 0.00 | 100.0 | 0.0 | 1.01 | -38.04 | 0.0 | -3.75 | -4.17 | 0.0 | 0.09 | 100.81 | 0.0 | 0.10 | 100.9 | 0.0 | 0.02 | 100.98 | 0.0 | 0.20 | 125.0 | 0.0 | 0.10 | 11.11 | 0.0 | 0.00 | 100.0 | 0.0 | 109.36 | -0.51 | 0.0 | 0.00 | -100.0 | 0.0 | 0.00 | -100.0 | 0.0 | 3.15 | -2.48 | 0.0 |
| 17Q1 (3) | -0.20 | -143.48 | 0.0 | 1.63 | 108.97 | 0.0 | -3.60 | 18.92 | 0.0 | -11.07 | -132.31 | 0.0 | -11.12 | -156.08 | 0.0 | -2.04 | -143.04 | 0.0 | -0.80 | -133.06 | 0.0 | 0.09 | -18.18 | 0.0 | -7.41 | 0 | 0.0 | 109.92 | 2.39 | 0.0 | 33.33 | 366.67 | 0.0 | 66.67 | -40.74 | 0.0 | 3.23 | 25.19 | 0.0 |
| 16Q4 (2) | 0.46 | 757.14 | 0.0 | 0.78 | -76.22 | 0.0 | -4.44 | -652.54 | 0.0 | 34.26 | 1941.94 | 0.0 | 19.83 | 912.7 | 0.0 | 4.74 | 715.58 | 0.0 | 2.42 | 1523.53 | 0.0 | 0.11 | -26.67 | 0.0 | 0.00 | 0 | 0.0 | 107.35 | -8.11 | 0.0 | -12.50 | -125.0 | 0.0 | 112.50 | 125.0 | 0.0 | 2.58 | 33.68 | 0.0 |
| 16Q3 (1) | -0.07 | 0.0 | 0.0 | 3.28 | 0.0 | 0.0 | -0.59 | 0.0 | 0.0 | -1.86 | 0.0 | 0.0 | -2.44 | 0.0 | 0.0 | -0.77 | 0.0 | 0.0 | -0.17 | 0.0 | 0.0 | 0.15 | 0.0 | 0.0 | 0.00 | 0.0 | 0.0 | 116.83 | 0.0 | 0.0 | 50.00 | 0.0 | 0.0 | 50.00 | 0.0 | 0.0 | 1.93 | 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) | 0.40 | 25.0 | 1.86 | 20.0 | -0.43 | 0 | 0.97 | 0 | 2.43 | 22.11 | 2.33 | 32.39 | 3.76 | 24.09 | 2.18 | 8.46 | 0.69 | -13.75 | 4.44 | 50.0 | 152.47 | 36.24 | -15.38 | 0 | 115.38 | -9.34 | 0.00 | 0 | 2.92 | 151.72 |
| 2019 (9) | 0.32 | 3.23 | 1.55 | 7.64 | -0.58 | 0 | 0.00 | 0 | 1.99 | -33.67 | 1.76 | -29.03 | 3.03 | 1.0 | 2.01 | -0.99 | 0.80 | 40.35 | 2.96 | -31.8 | 111.91 | -2.98 | -27.27 | 0 | 127.27 | 0.0 | 0.00 | 0 | 1.16 | -21.09 |
| 2018 (8) | 0.31 | 0 | 1.44 | 8.27 | -0.87 | 0 | 0.00 | 0 | 3.00 | 0 | 2.48 | 0 | 3.00 | 0 | 2.03 | 0 | 0.57 | 26.67 | 4.34 | 1140.0 | 115.35 | 3.31 | -27.27 | 0 | 127.27 | 0 | 0.00 | 0 | 1.47 | -43.24 |
| 2017 (7) | -0.19 | 0 | 1.33 | -60.65 | -2.67 | 0 | 0.35 | -39.93 | -2.12 | 0 | -2.04 | 0 | -1.93 | 0 | -0.22 | 0 | 0.45 | -18.18 | 0.35 | -95.9 | 111.65 | 4.01 | 133.33 | 0 | -33.33 | 0 | 0.00 | 0 | 2.59 | 34.2 |
| 2016 (6) | 0.31 | 29.17 | 3.38 | -24.22 | -0.51 | 0 | 0.59 | -19.41 | 6.12 | -26.62 | 2.70 | 1.89 | 3.13 | 23.23 | 2.41 | 15.31 | 0.55 | 27.91 | 8.53 | -26.97 | 107.35 | -8.08 | -9.52 | 0 | 109.52 | -3.11 | 0.00 | 0 | 1.93 | -39.31 |
| 2015 (5) | 0.24 | -72.41 | 4.46 | -21.48 | -1.24 | 0 | 0.73 | 10.58 | 8.34 | -51.43 | 2.65 | -80.08 | 2.54 | -83.52 | 2.09 | -74.07 | 0.43 | -18.87 | 11.68 | -41.98 | 116.78 | -6.36 | -13.04 | 0 | 113.04 | -0.37 | 0.00 | 0 | 3.18 | -12.64 |
| 2014 (4) | 0.87 | 335.0 | 5.68 | -63.0 | -2.19 | 0 | 0.66 | -77.48 | 17.17 | 357.87 | 13.30 | 292.33 | 15.41 | 283.33 | 8.06 | 203.01 | 0.53 | 3.92 | 20.13 | 119.76 | 124.71 | 16.24 | -13.46 | 0 | 113.46 | -12.72 | 0.00 | 0 | 3.64 | -27.63 |
| 2013 (3) | 0.20 | 0 | 15.35 | 1308.26 | -1.15 | 0 | 2.93 | -34.23 | 3.75 | 0 | 3.39 | 0 | 4.02 | 0 | 2.66 | 0 | 0.51 | 45.71 | 9.16 | 0 | 107.29 | -31.87 | -30.00 | 0 | 130.00 | 706.0 | 0.00 | 0 | 5.03 | -63.99 |
| 2012 (2) | -2.37 | 0 | 1.09 | 0 | -38.44 | 0 | 4.46 | 0 | -45.92 | 0 | -54.60 | 0 | -54.60 | 0 | -17.96 | 0 | 0.35 | 0 | -37.13 | 0 | 157.47 | 0 | 83.87 | 0 | 16.13 | 0 | 0.00 | 0 | 13.97 | 0 |
