- 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 | |||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 22Q2 (20) | 0.63 | 5.0 | 14.55 | 12.43 | -1.66 | -1.19 | 4.44 | -25.38 | -7.5 | 6.43 | 19.74 | 43.21 | 4.84 | 19.8 | 24.42 | 3.02 | 2.72 | 1.34 | 1.22 | 7.96 | 7.02 | 0.18 | -18.18 | -28.0 | 13.46 | 23.49 | 35.82 | 231.69 | -5.03 | 7.84 | 68.83 | -37.68 | -35.56 | 30.74 | 381.75 | 550.79 | 15.18 | 17.77 | -10.34 |
| 22Q1 (19) | 0.60 | 13.21 | 900.0 | 12.64 | 0.8 | 47.49 | 5.95 | 16.67 | 483.33 | 5.37 | 20.67 | 471.28 | 4.04 | 14.77 | 741.67 | 2.94 | 8.89 | 764.71 | 1.13 | 9.71 | 264.52 | 0.22 | -12.0 | -15.38 | 10.90 | 14.98 | 54.61 | 243.95 | 11.14 | 26.69 | 110.45 | -3.61 | 4.32 | -10.91 | 25.25 | -23.64 | 12.89 | -14.47 | -21.31 |
| 21Q4 (18) | 0.53 | -5.36 | 2750.0 | 12.54 | -2.18 | 14.63 | 5.10 | -1.54 | 117.95 | 4.45 | -27.52 | 6257.14 | 3.52 | -6.38 | 2055.56 | 2.70 | -8.16 | 2350.0 | 1.03 | -7.21 | 505.88 | 0.25 | 0.0 | -7.41 | 9.48 | -15.88 | 52.66 | 219.49 | 6.84 | 39.84 | 114.59 | 36.11 | -95.81 | -14.59 | -192.31 | 99.45 | 15.07 | -2.59 | -10.35 |
| 21Q3 (17) | 0.56 | 1.82 | 366.67 | 12.82 | 1.91 | 1.1 | 5.18 | 7.92 | 19.63 | 6.14 | 36.75 | 281.37 | 3.76 | -3.34 | 244.95 | 2.94 | -1.34 | 302.74 | 1.11 | -2.63 | 113.46 | 0.25 | 0.0 | -7.41 | 11.27 | 13.72 | 38.79 | 205.44 | -4.38 | 25.93 | 84.19 | -21.18 | -68.65 | 15.81 | 331.88 | 109.38 | 15.47 | -8.62 | 9.25 |
| 21Q2 (16) | 0.55 | 816.67 | 48.65 | 12.58 | 46.79 | -23.76 | 4.80 | 370.59 | -26.94 | 4.49 | 377.66 | -13.98 | 3.89 | 710.42 | 1.3 | 2.98 | 776.47 | 33.63 | 1.14 | 267.74 | 5.56 | 0.25 | -3.85 | 19.05 | 9.91 | 40.57 | -24.64 | 214.84 | 11.57 | 49.6 | 106.82 | 0.88 | -14.79 | -6.82 | 22.73 | 73.83 | 16.93 | 3.36 | -13.22 |
| 21Q1 (15) | 0.06 | 400.0 | -96.91 | 8.57 | -21.66 | -42.87 | 1.02 | -56.41 | -78.34 | 0.94 | 1242.86 | -95.08 | 0.48 | 366.67 | -97.32 | 0.34 | 383.33 | -97.4 | 0.31 | 82.35 | -92.86 | 0.26 | -3.7 | 13.04 | 7.05 | 13.53 | -73.28 | 192.56 | 22.68 | -4.4 | 105.88 | -96.13 | 329.45 | -8.82 | 99.67 | -111.71 | 16.38 | -2.56 | -11.51 |
| 20Q4 (14) | -0.02 | -116.67 | -109.09 | 10.94 | -13.72 | -30.72 | 2.34 | -45.96 | -66.23 | 0.07 | -95.65 | -96.55 | -0.18 | -116.51 | -110.53 | -0.12 | -116.44 | -107.79 | 0.17 | -67.31 | -76.71 | 0.27 | 0.0 | 3.85 | 6.21 | -23.52 | -25.09 | 156.96 | -3.79 | -36.13 | 2733.33 | 917.93 | 696.76 | -2666.67 | -1482.42 | -1003.45 | 16.81 | 18.71 | 0 |
| 20Q3 (13) | 0.12 | -67.57 | -72.09 | 12.68 | -23.15 | -16.52 | 4.33 | -34.09 | -17.05 | 1.61 | -69.16 | -59.03 | 1.09 | -71.61 | -65.06 | 0.73 | -67.26 | -76.22 | 0.52 | -51.85 | -56.3 | 0.27 | 28.57 | -3.57 | 8.12 | -38.25 | -24.25 | 163.14 | 13.6 | -36.67 | 268.52 | 114.21 | 102.05 | -168.52 | -546.75 | -412.3 | 14.16 | -27.42 | -21.94 |
| 20Q2 (12) | 0.37 | -80.93 | 825.0 | 16.50 | 10.0 | 56.84 | 6.57 | 39.49 | 228.5 | 5.22 | -72.66 | 596.0 | 3.84 | -78.58 | 910.53 | 2.23 | -82.92 | 596.88 | 1.08 | -75.12 | 157.14 | 0.21 | -8.7 | -8.7 | 13.15 | -50.15 | 43.56 | 143.61 | -28.7 | -42.35 | 125.35 | 408.42 | -53.72 | -26.06 | -134.58 | 84.37 | 19.51 | 5.4 | 10.92 |
| 20Q1 (11) | 1.94 | 781.82 | 1485.71 | 15.00 | -5.0 | 70.45 | 4.71 | -32.03 | 1077.5 | 19.09 | 840.39 | 4872.5 | 17.93 | 948.54 | 1511.81 | 13.06 | 748.05 | 1432.65 | 4.34 | 494.52 | 7133.33 | 0.23 | -11.54 | 4.55 | 26.38 | 218.21 | 206.03 | 201.43 | -18.03 | -19.68 | 24.66 | -92.81 | 124.66 | 75.34 | 131.18 | -63.83 | 18.51 | 0 | 7.87 |
| 19Q4 (10) | 0.22 | -48.84 | 83.33 | 15.79 | 3.95 | 49.67 | 6.93 | 32.76 | 320.0 | 2.03 | -48.35 | 95.19 | 1.71 | -45.19 | 72.73 | 1.54 | -49.84 | 73.03 | 0.73 | -38.66 | 30.36 | 0.26 | -7.14 | 4.0 | 8.29 | -22.67 | -0.72 | 245.74 | -4.6 | -6.96 | 343.06 | 158.14 | 118.85 | -241.67 | -634.67 | -325.79 | 0.00 | -100.0 | -100.0 |
| 19Q3 (9) | 0.43 | 975.0 | 4200.0 | 15.19 | 44.39 | 37.47 | 5.22 | 161.0 | 100.77 | 3.93 | 424.0 | 3175.0 | 3.12 | 721.05 | 4357.14 | 3.07 | 859.38 | 5016.67 | 1.19 | 183.33 | 250.0 | 0.28 | 21.74 | 7.69 | 10.72 | 17.03 | 56.5 | 257.60 | 3.41 | 0.38 | 132.89 | -50.93 | -94.28 | -32.89 | 80.26 | 98.52 | 18.14 | 3.13 | 7.59 |
| 19Q2 (8) | 0.04 | 128.57 | 105.8 | 10.52 | 19.55 | 58.2 | 2.00 | 400.0 | 174.63 | 0.75 | 287.5 | 112.12 | 0.38 | 129.92 | 106.13 | 0.32 | 132.65 | 106.69 | 0.42 | 600.0 | 137.17 | 0.23 | 4.55 | 0.0 | 9.16 | 6.26 | 825.25 | 249.10 | -0.67 | -1.03 | 270.83 | 370.83 | 525.5 | -166.67 | -180.0 | -393.94 | 17.59 | 2.51 | -8.72 |
| 19Q1 (7) | -0.14 | -216.67 | 53.33 | 8.80 | -16.59 | 37.07 | 0.40 | -75.76 | 115.87 | -0.40 | -138.46 | 86.39 | -1.27 | -228.28 | 56.8 | -0.98 | -210.11 | 50.75 | 0.06 | -89.29 | 113.64 | 0.22 | -12.0 | 0.0 | 8.62 | 3.23 | 126.25 | 250.77 | -5.06 | 14.5 | -100.00 | -163.79 | -216.9 | 208.33 | 467.06 | 1340.97 | 17.16 | -6.64 | -13.64 |
| 18Q4 (6) | 0.12 | 1100.0 | 163.16 | 10.55 | -4.52 | 31.55 | 1.65 | -36.54 | 186.39 | 1.04 | 766.67 | 175.91 | 0.99 | 1314.29 | 155.31 | 0.89 | 1383.33 | 170.63 | 0.56 | 64.71 | 354.55 | 0.25 | -3.85 | 4.17 | 8.35 | 21.9 | 68.01 | 264.13 | 2.92 | 39.1 | 156.76 | -93.26 | 12.75 | -56.76 | 97.45 | -45.44 | 18.38 | 9.02 | -5.5 |
| 18Q3 (5) | 0.01 | 101.45 | -80.0 | 11.05 | 66.17 | -8.45 | 2.60 | 197.01 | 36.84 | 0.12 | 101.94 | -78.57 | 0.07 | 101.13 | -86.27 | 0.06 | 101.26 | -83.33 | 0.34 | 130.09 | 3.03 | 0.26 | 13.04 | 4.0 | 6.85 | 591.92 | -1.44 | 256.63 | 1.96 | 37.68 | 2325.00 | 5269.64 | 605.8 | -2225.00 | -4024.09 | -845.63 | 16.86 | -12.51 | 0.9 |
| 18Q2 (4) | -0.69 | -130.0 | 0.0 | 6.65 | 3.58 | 0.0 | -2.68 | -6.35 | 0.0 | -6.19 | -110.54 | 0.0 | -6.20 | -110.88 | 0.0 | -4.78 | -140.2 | 0.0 | -1.13 | -156.82 | 0.0 | 0.23 | 4.55 | 0.0 | 0.99 | -74.02 | 0.0 | 251.69 | 14.92 | 0.0 | 43.30 | -49.38 | 0.0 | 56.70 | 292.18 | 0.0 | 19.27 | -3.02 | 0.0 |
| 18Q1 (3) | -0.30 | -57.89 | 0.0 | 6.42 | -19.95 | 0.0 | -2.52 | -31.94 | 0.0 | -2.94 | -114.6 | 0.0 | -2.94 | -64.25 | 0.0 | -1.99 | -57.94 | 0.0 | -0.44 | -100.0 | 0.0 | 0.22 | -8.33 | 0.0 | 3.81 | -23.34 | 0.0 | 219.01 | 15.34 | 0.0 | 85.54 | -38.47 | 0.0 | 14.46 | 137.05 | 0.0 | 19.87 | 2.16 | 0.0 |
| 17Q4 (2) | -0.19 | -480.0 | 0.0 | 8.02 | -33.55 | 0.0 | -1.91 | -200.53 | 0.0 | -1.37 | -344.64 | 0.0 | -1.79 | -450.98 | 0.0 | -1.26 | -450.0 | 0.0 | -0.22 | -166.67 | 0.0 | 0.24 | -4.0 | 0.0 | 4.97 | -28.49 | 0.0 | 189.88 | 1.87 | 0.0 | 139.02 | -57.8 | 0.0 | -39.02 | 83.41 | 0.0 | 19.45 | 16.4 | 0.0 |
| 17Q3 (1) | 0.05 | 0.0 | 0.0 | 12.07 | 0.0 | 0.0 | 1.90 | 0.0 | 0.0 | 0.56 | 0.0 | 0.0 | 0.51 | 0.0 | 0.0 | 0.36 | 0.0 | 0.0 | 0.33 | 0.0 | 0.0 | 0.25 | 0.0 | 0.0 | 6.95 | 0.0 | 0.0 | 186.39 | 0.0 | 0.0 | 329.41 | 0.0 | 0.0 | -235.29 | 0.0 | 0.0 | 16.71 | 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) | 1.70 | -34.11 | 11.72 | -13.63 | 4.12 | -5.29 | 4.42 | -20.09 | 4.11 | -33.28 | 2.99 | -44.42 | 8.83 | -41.21 | 3.75 | -38.02 | 1.02 | 7.37 | 9.50 | -27.31 | 219.49 | 39.84 | 100.31 | 42.15 | -0.31 | 0 | 0.26 | 15.99 | 15.93 | -6.79 |
| 2020 (9) | 2.58 | 369.09 | 13.57 | 5.85 | 4.35 | 13.58 | 5.53 | -4.6 | 6.16 | 256.07 | 5.38 | 376.11 | 15.02 | 279.29 | 6.05 | 153.14 | 0.95 | -4.04 | 13.07 | 41.3 | 156.96 | -36.13 | 70.57 | -68.21 | 29.43 | 0 | 0.22 | 112.39 | 17.09 | -1.1 |
| 2019 (8) | 0.55 | 0 | 12.82 | 44.86 | 3.83 | 0 | 5.80 | 7.65 | 1.73 | 0 | 1.13 | 0 | 3.96 | 0 | 2.39 | 0 | 0.99 | 0.0 | 9.25 | 78.57 | 245.74 | -6.96 | 221.94 | 10420.0 | -121.94 | 0 | 0.10 | -29.44 | 17.28 | -6.59 |
| 2018 (7) | -0.86 | 0 | 8.85 | -16.9 | -0.04 | 0 | 5.38 | -3.09 | -1.81 | 0 | -1.84 | 0 | -5.92 | 0 | -0.64 | 0 | 0.99 | -4.81 | 5.18 | -19.57 | 264.13 | 39.1 | 2.11 | -99.85 | 97.89 | 0 | 0.15 | -25.41 | 18.50 | 5.71 |
| 2017 (6) | 0.03 | -25.0 | 10.65 | 2.6 | 0.36 | 3500.0 | 5.56 | -17.07 | 0.03 | -91.67 | 0.08 | -27.27 | 0.21 | -27.59 | 0.74 | 64.44 | 1.04 | -7.96 | 6.44 | -13.67 | 189.88 | 37.48 | 1400.00 | 29300.0 | -1300.00 | 0 | 0.20 | 0 | 17.50 | -2.07 |
| 2016 (5) | 0.04 | 0 | 10.38 | -19.91 | 0.01 | 0 | 6.70 | -17.28 | 0.36 | 0 | 0.11 | 0 | 0.29 | 0 | 0.45 | 0 | 1.13 | 10.78 | 7.46 | -4.73 | 138.11 | 2.99 | 4.76 | -97.23 | 97.62 | 0 | 0.00 | 0 | 17.87 | -12.53 |
| 2015 (4) | -0.33 | 0 | 12.96 | -18.8 | -1.44 | 0 | 8.10 | 3.32 | -0.83 | 0 | -0.83 | 0 | -1.97 | 0 | -0.43 | 0 | 1.02 | 3.03 | 7.83 | -30.65 | 134.10 | 4.47 | 172.04 | 77.46 | -72.04 | 0 | 0.00 | 0 | 20.43 | 2.56 |
| 2014 (3) | 0.85 | 0 | 15.96 | 69.07 | 2.66 | 0 | 7.84 | -11.68 | 2.74 | 0 | 2.22 | 0 | 5.17 | 0 | 2.76 | 0 | 0.99 | 10.0 | 11.29 | 52.57 | 128.36 | -7.96 | 96.95 | -20.09 | 2.71 | 0 | 0.00 | 0 | 19.92 | 0.1 |
| 2013 (2) | -0.90 | 0 | 9.44 | 0 | -3.08 | 0 | 8.87 | 0 | -2.55 | 0 | -2.55 | 0 | -5.72 | 0 | -1.52 | 0 | 0.90 | 0 | 7.40 | 0 | 139.46 | 0 | 121.32 | 0 | -20.93 | 0 | 0.00 | 0 | 19.90 | 0 |
