- 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) | -0.27 | -1250.0 | -440.0 | -318.42 | -118.86 | -167.4 | -445.09 | -115.22 | -173.38 | -398.19 | -2565.26 | -998.76 | -398.19 | -2565.26 | -998.76 | 0.00 | 100.0 | 100.0 | -11.64 | -2182.35 | -327.94 | 0.03 | -40.0 | -62.5 | -300.00 | -819.94 | -4900.0 | 972.40 | -93.43 | -94.28 | 114.29 | -90.86 | -73.63 | -10.71 | 99.07 | 96.79 | 0.00 | -100.0 | -100.0 |
| 22Q1 (19) | -0.02 | 0.0 | -150.0 | -145.49 | 35.58 | -82.52 | -206.81 | 30.66 | -78.67 | -14.94 | 19.55 | -178.06 | -14.94 | 19.55 | -178.06 | -142.94 | -7.9 | -277.34 | -0.51 | 40.7 | -123.5 | 0.05 | -16.67 | -54.55 | 41.67 | 35.42 | -20.45 | 14801.70 | -31.12 | 447.34 | 1250.00 | -34.21 | 300.0 | -1150.00 | 36.11 | -258.62 | 119.97 | 8.17 | 60.45 |
| 21Q4 (18) | -0.02 | -200.0 | 80.0 | -225.86 | -52.09 | -116.49 | -298.27 | -51.1 | -102.31 | -18.57 | -230.68 | 49.88 | -18.57 | -230.68 | 49.88 | -132.47 | -243.09 | 3.59 | -0.86 | -185.15 | 79.95 | 0.06 | 0.0 | -50.0 | 30.77 | -53.85 | 500.13 | 21489.00 | 171.6 | 210.35 | 1900.00 | 258.33 | 387.18 | -1800.00 | -238.46 | -520.69 | 110.91 | -9.38 | 68.74 |
| 21Q3 (17) | 0.02 | 140.0 | 108.33 | -148.50 | -24.71 | -8.16 | -197.40 | -21.25 | -1.31 | 14.21 | 139.21 | 109.76 | 14.21 | 139.21 | 109.76 | 92.58 | 168.24 | 184.47 | 1.01 | 137.13 | 110.13 | 0.06 | -25.0 | -14.29 | 66.67 | 966.72 | 180.01 | 7912.05 | -53.48 | 299.08 | -1200.00 | -376.92 | -982.35 | 1300.00 | 490.0 | 3711.11 | 122.39 | 23.41 | 47.4 |
| 21Q2 (16) | -0.05 | -225.0 | 83.33 | -119.08 | -49.39 | 17.99 | -162.81 | -40.66 | 14.8 | -36.24 | -289.34 | 74.23 | -36.24 | -289.34 | 74.23 | -135.66 | -268.31 | -1.92 | -2.72 | -225.35 | 70.4 | 0.08 | -27.27 | 14.29 | 6.25 | -88.07 | 108.17 | 17009.60 | 528.98 | 2445.78 | 433.33 | 169.33 | 215.15 | -333.33 | -145.98 | -788.89 | 99.17 | 32.63 | 9.97 |
| 21Q1 (15) | 0.04 | 140.0 | 123.53 | -79.71 | 23.6 | 34.89 | -115.75 | 21.49 | 35.34 | 19.14 | 151.66 | 123.34 | 19.14 | 151.66 | 123.34 | 80.60 | 158.66 | 147.2 | 2.17 | 150.58 | 144.2 | 0.11 | -8.33 | 83.33 | 52.38 | 781.14 | 990.82 | 2704.30 | -60.94 | -91.82 | -625.00 | -260.26 | -382.26 | 725.00 | 350.0 | 697.06 | 74.77 | 13.75 | -19.63 |
| 20Q4 (14) | -0.10 | 58.33 | 78.26 | -104.33 | 24.01 | 25.56 | -147.43 | 24.33 | 16.75 | -37.05 | 74.55 | 75.02 | -37.05 | 74.55 | 75.02 | -137.40 | -25.36 | -29.99 | -4.29 | 56.97 | 60.61 | 0.12 | 71.43 | 71.43 | -7.69 | 90.77 | 90.39 | 6924.22 | 249.26 | 273.54 | 390.00 | 186.76 | 227.95 | -290.00 | -705.56 | -1432.86 | 65.73 | -20.84 | 0 |
| 20Q3 (13) | -0.24 | 20.0 | -140.0 | -137.30 | 5.45 | -62.47 | -194.84 | -1.96 | -87.18 | -145.56 | -3.51 | -77.95 | -145.56 | -3.51 | -77.95 | -109.60 | 17.66 | -190.02 | -9.97 | -8.49 | -49.03 | 0.07 | 0.0 | -12.5 | -83.33 | -8.97 | -196.34 | 1982.56 | 196.72 | 254.45 | 136.00 | -1.09 | 7.15 | -36.00 | 4.0 | -33.71 | 83.03 | -7.93 | 44.53 |
| 20Q2 (12) | -0.30 | -76.47 | -200.0 | -145.21 | -18.61 | -28.97 | -191.09 | -6.74 | -35.89 | -140.63 | -71.46 | -50.92 | -140.63 | -71.46 | -50.92 | -133.11 | 22.05 | -405.55 | -9.19 | -87.17 | -54.19 | 0.07 | 16.67 | 0.0 | -76.47 | -1200.51 | -158.08 | 668.15 | -97.98 | 79.45 | 137.50 | -37.9 | -8.33 | -37.50 | 69.12 | 25.0 | 90.18 | -3.06 | 31.48 |
| 20Q1 (11) | -0.17 | 63.04 | -30.77 | -122.43 | 12.65 | -9.22 | -179.02 | -1.08 | -1.06 | -82.02 | 44.69 | 27.67 | -82.02 | 44.69 | 27.67 | -170.77 | -61.56 | -529.68 | -4.91 | 54.91 | 37.45 | 0.06 | -14.29 | -14.29 | -5.88 | 92.65 | 88.97 | 33041.10 | 1682.44 | 11164.14 | 221.43 | 86.2 | 39.42 | -121.43 | -541.84 | -117.29 | 93.03 | 0 | 51.05 |
| 19Q4 (10) | -0.46 | -360.0 | -170.59 | -140.16 | -65.85 | 10.57 | -177.10 | -70.14 | 6.64 | -148.29 | -81.28 | -8.01 | -148.29 | -81.28 | -8.01 | -105.70 | -179.7 | -272.45 | -10.89 | -62.78 | -4.21 | 0.07 | -12.5 | -12.5 | -80.00 | -184.5 | 22.28 | 1853.70 | 231.41 | 856.45 | 118.92 | -6.31 | -14.01 | -18.92 | 29.73 | 50.6 | 0.00 | -100.0 | -100.0 |
| 19Q3 (9) | -0.10 | 0.0 | 33.33 | -84.51 | 24.94 | 40.31 | -104.09 | 25.98 | 39.57 | -81.80 | 12.21 | 28.17 | -81.80 | 12.21 | 28.17 | -37.79 | -43.52 | -109.25 | -6.69 | -12.25 | 11.74 | 0.08 | 14.29 | 14.29 | -28.12 | 5.1 | 65.09 | 559.34 | 50.23 | 268.76 | 126.92 | -15.38 | -16.07 | -26.92 | 46.15 | 47.44 | 57.45 | -16.24 | -17.85 |
| 19Q2 (8) | -0.10 | 23.08 | -114.08 | -112.59 | -0.45 | -32.79 | -140.62 | 20.62 | -29.71 | -93.18 | 17.83 | -122.26 | -93.18 | 17.83 | -122.26 | -26.33 | 2.91 | -123.45 | -5.96 | 24.08 | -121.92 | 0.07 | 0.0 | 16.67 | -29.63 | 44.44 | -106.5 | 372.33 | 26.93 | 196.51 | 150.00 | -5.56 | 681.63 | -50.00 | 10.53 | -139.58 | 68.59 | 11.37 | 15.88 |
| 19Q1 (7) | -0.13 | 23.53 | -8.33 | -112.09 | 28.48 | -197.24 | -177.15 | 6.62 | -216.34 | -113.40 | 17.4 | -146.74 | -113.40 | 17.4 | -146.74 | -27.12 | 4.44 | 22.29 | -7.85 | 24.88 | -135.03 | 0.07 | -12.5 | -12.5 | -53.33 | 48.19 | -183.07 | 293.33 | 51.35 | -70.28 | 158.82 | 14.84 | 30.32 | -55.88 | -45.92 | -155.46 | 61.59 | -4.63 | 48.37 |
| 18Q4 (6) | -0.17 | -13.33 | 37.04 | -156.72 | -10.7 | -68.14 | -189.70 | -10.13 | -62.8 | -137.29 | -20.56 | 3.47 | -137.29 | -20.56 | 3.47 | -28.38 | -57.14 | 48.62 | -10.45 | -37.86 | -59.79 | 0.08 | 14.29 | 33.33 | -102.94 | -27.78 | 2.68 | 193.81 | 27.78 | -71.21 | 138.30 | -8.54 | 68.26 | -38.30 | 25.23 | -315.06 | 64.58 | -7.65 | 11.1 |
| 18Q3 (5) | -0.15 | -121.13 | 6.25 | -141.57 | -66.97 | -144.68 | -172.25 | -58.89 | -123.06 | -113.88 | -127.2 | -87.09 | -113.88 | -127.2 | -87.09 | -18.06 | -116.08 | 23.64 | -7.58 | -127.88 | -60.93 | 0.07 | 16.67 | -12.5 | -80.56 | -117.68 | -135.21 | 151.68 | 20.79 | -68.21 | 151.22 | 686.36 | 18.82 | -51.22 | -140.55 | -87.8 | 69.93 | 18.14 | 76.99 |
| 18Q2 (4) | 0.71 | 691.67 | 0.0 | -84.79 | -124.85 | 0.0 | -108.41 | -93.59 | 0.0 | 418.61 | 1010.81 | 0.0 | 418.61 | 1010.81 | 0.0 | 112.30 | 421.78 | 0.0 | 27.19 | 914.07 | 0.0 | 0.06 | -25.0 | 0.0 | 455.56 | 2518.05 | 0.0 | 125.57 | -87.28 | 0.0 | -25.79 | -121.16 | 0.0 | 126.32 | 677.44 | 0.0 | 59.19 | 42.59 | 0.0 |
| 18Q1 (3) | -0.12 | 55.56 | 0.0 | -37.71 | 59.54 | 0.0 | -56.00 | 51.94 | 0.0 | -45.96 | 67.68 | 0.0 | -45.96 | 67.68 | 0.0 | -34.90 | 36.82 | 0.0 | -3.34 | 48.93 | 0.0 | 0.08 | 33.33 | 0.0 | -18.84 | 82.19 | 0.0 | 986.99 | 46.59 | 0.0 | 121.88 | 48.28 | 0.0 | -21.88 | -222.84 | 0.0 | 41.51 | -28.59 | 0.0 |
| 17Q4 (2) | -0.27 | -68.75 | 0.0 | -93.21 | -61.1 | 0.0 | -116.52 | -50.89 | 0.0 | -142.22 | -133.65 | 0.0 | -142.22 | -133.65 | 0.0 | -55.24 | -133.57 | 0.0 | -6.54 | -38.85 | 0.0 | 0.06 | -25.0 | 0.0 | -105.77 | -208.82 | 0.0 | 673.30 | 41.11 | 0.0 | 82.19 | -35.42 | 0.0 | 17.81 | 165.3 | 0.0 | 58.13 | 47.13 | 0.0 |
| 17Q3 (1) | -0.16 | 0.0 | 0.0 | -57.86 | 0.0 | 0.0 | -77.22 | 0.0 | 0.0 | -60.87 | 0.0 | 0.0 | -60.87 | 0.0 | 0.0 | -23.65 | 0.0 | 0.0 | -4.71 | 0.0 | 0.0 | 0.08 | 0.0 | 0.0 | -34.25 | 0.0 | 0.0 | 477.14 | 0.0 | 0.0 | 127.27 | 0.0 | 0.0 | -27.27 | 0.0 | 0.0 | 39.51 | 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) | -0.02 | 0 | -133.41 | 0 | -181.44 | 0 | 35.48 | -27.16 | -3.66 | 0 | -3.66 | 0 | -117.52 | 0 | -0.41 | 0 | 0.30 | -3.23 | 38.71 | 0 | 21489.00 | 210.35 | 5600.00 | 2905.88 | -5500.00 | 0 | 2.31 | -33.86 | 0.00 | 0 |
| 2020 (9) | -0.79 | 0 | -124.66 | 0 | -174.58 | 0 | 48.72 | -11.84 | -93.97 | 0 | -93.97 | 0 | -786.28 | 0 | -28.08 | 0 | 0.31 | 0.0 | -39.74 | 0 | 6924.22 | 273.54 | 186.30 | 35.59 | -86.30 | 0 | 3.50 | 19.78 | 0.00 | 0 |
| 2019 (8) | -1.52 | 0 | -110.64 | 0 | -148.06 | 0 | 55.26 | 127.19 | -107.33 | 0 | -107.33 | 0 | -154.95 | 0 | -32.86 | 0 | 0.31 | 3.33 | -46.49 | 0 | 1853.70 | 856.45 | 137.40 | 0 | -38.21 | 0 | 2.92 | 11.3 | 63.75 | 14.53 |
| 2018 (7) | 0.26 | 0 | -91.54 | 0 | -116.27 | 0 | 24.32 | 2.25 | 38.32 | 0 | 38.32 | 0 | 56.77 | 0 | 12.45 | 0 | 0.30 | 25.0 | 69.19 | 0 | 193.81 | -71.21 | -302.82 | 0 | 401.41 | 0 | 2.63 | 66.61 | 55.66 | 8.18 |
| 2017 (6) | -0.50 | 0 | -83.74 | 0 | -112.53 | 0 | 23.79 | -34.01 | -55.77 | 0 | -59.90 | 0 | -77.67 | 0 | -12.47 | 0 | 0.24 | 41.18 | -19.82 | 0 | 673.30 | 107.33 | 202.38 | 49.84 | -102.38 | 0 | 1.58 | 0 | 51.45 | -18.87 |
| 2016 (5) | -0.59 | 0 | -84.69 | 0 | -120.50 | 0 | 36.05 | -16.56 | -89.53 | 0 | -92.00 | 0 | -48.25 | 0 | -14.26 | 0 | 0.17 | 70.0 | -42.44 | 0 | 324.75 | 131.78 | 135.06 | 13.34 | -34.42 | 0 | 0.00 | 0 | 63.42 | -28.84 |
| 2015 (4) | -0.99 | 0 | -184.38 | 0 | -254.03 | 0 | 43.20 | 41.64 | -213.32 | 0 | -213.32 | 0 | -48.39 | 0 | -21.04 | 0 | 0.10 | -23.08 | -155.20 | 0 | 140.11 | 31.65 | 119.17 | 18.61 | -19.17 | 0 | 0.00 | 0 | 89.12 | -6.6 |
| 2014 (3) | -1.55 | 0 | -161.18 | 0 | -210.36 | 0 | 30.50 | -19.83 | -209.44 | 0 | -209.44 | 0 | -47.17 | 0 | -26.33 | 0 | 0.13 | -27.78 | -170.50 | 0 | 106.43 | 93.02 | 100.48 | 33.69 | -0.48 | 0 | 0.00 | 0 | 95.42 | 44.14 |
| 2013 (2) | -2.20 | 0 | -91.16 | 0 | -123.48 | 0 | 38.05 | -26.92 | -164.45 | 0 | -151.42 | 0 | -43.34 | 0 | -28.21 | 0 | 0.18 | -18.18 | -122.62 | 0 | 55.14 | 10.39 | 75.16 | -24.72 | 24.84 | 7589.14 | 0.00 | 0 | 66.20 | -2.35 |
| 2012 (1) | -1.97 | 0 | -73.84 | 0 | -94.34 | 0 | 52.06 | 0 | -94.58 | 0 | -79.68 | 0 | -30.64 | 0 | -20.35 | 0 | 0.22 | 0 | -40.00 | 0 | 49.95 | 0 | 99.84 | 0 | 0.32 | 0 | 0.00 | 0 | 67.79 | 0 |
