- 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 | |||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 22Q4 (20) | -0.61 | -454.55 | -215.09 | 52.93 | 4.07 | 24.81 | -41.02 | -234.58 | -475.99 | -44.03 | -709.38 | -497.74 | -34.26 | -704.23 | -485.38 | -2.75 | -450.0 | -240.31 | -2.37 | -492.5 | -247.2 | 0.07 | -30.0 | -61.11 | -27.45 | -511.54 | -269.44 | 14.36 | -11.79 | -41.84 | 95.45 | -57.58 | 1.82 | 9.09 | 107.27 | 0 | 0.00 | -100.0 | -100.0 |
| 22Q3 (19) | -0.11 | -120.37 | -222.22 | 50.86 | 1.56 | 8.47 | -12.26 | -194.09 | -382.68 | -5.44 | -140.39 | -310.04 | -4.26 | -139.01 | -300.0 | -0.50 | -121.1 | -225.0 | -0.40 | -120.94 | -217.65 | 0.10 | -41.18 | -33.33 | 6.67 | -65.42 | -34.61 | 16.28 | -33.14 | -25.01 | 225.00 | 137.5 | 437.5 | -125.00 | -2475.0 | -175.0 | 45.61 | 64.48 | 5.87 |
| 22Q2 (18) | 0.54 | 50.0 | 58.82 | 50.08 | 23.53 | 4.99 | 13.03 | 58.71 | 73.5 | 13.47 | 61.51 | 71.16 | 10.92 | 62.74 | 72.51 | 2.37 | 51.92 | 36.99 | 1.91 | 51.59 | 45.8 | 0.17 | -10.53 | -15.0 | 19.29 | 44.71 | 30.25 | 24.35 | -8.01 | -37.15 | 94.74 | -5.26 | -5.26 | 5.26 | 0 | 0 | 27.73 | 21.36 | 8.36 |
| 22Q1 (17) | 0.36 | -32.08 | 80.0 | 40.54 | -4.41 | -5.96 | 8.21 | -24.75 | 67.89 | 8.34 | -24.66 | 71.6 | 6.71 | -24.52 | 69.87 | 1.56 | -20.41 | 52.94 | 1.26 | -21.74 | 59.49 | 0.19 | 5.56 | 0.0 | 13.33 | -17.72 | 13.35 | 26.47 | 7.21 | -19.57 | 100.00 | 6.67 | 0.0 | 0.00 | 0 | 0 | 22.85 | 1.06 | -6.73 |
| 21Q4 (16) | 0.53 | 488.89 | -5.36 | 42.41 | -9.55 | 4.38 | 10.91 | 529.53 | 5.0 | 11.07 | 327.41 | 9.71 | 8.89 | 317.37 | 10.16 | 1.96 | 390.0 | -32.18 | 1.61 | 373.53 | -22.97 | 0.18 | 20.0 | -28.0 | 16.20 | 58.82 | 6.44 | 24.69 | 13.73 | -35.43 | 93.75 | 240.62 | -6.25 | 0.00 | -100.0 | 0 | 22.61 | -47.52 | 37.45 |
| 21Q3 (15) | 0.09 | -73.53 | -84.75 | 46.89 | -1.7 | 13.67 | -2.54 | -133.82 | -130.53 | 2.59 | -67.09 | -74.76 | 2.13 | -66.35 | -75.85 | 0.40 | -76.88 | -87.26 | 0.34 | -74.05 | -85.28 | 0.15 | -25.0 | -42.31 | 10.20 | -31.13 | -35.4 | 21.71 | -43.96 | -49.64 | -66.67 | -166.67 | -184.85 | 166.67 | 0 | 677.78 | 43.08 | 68.35 | 107.02 |
| 21Q2 (14) | 0.34 | 70.0 | -26.09 | 47.70 | 10.65 | 8.83 | 7.51 | 53.58 | -11.96 | 7.87 | 61.93 | -22.92 | 6.33 | 60.25 | -20.68 | 1.73 | 69.61 | -29.39 | 1.31 | 65.82 | -33.16 | 0.20 | 5.26 | -20.0 | 14.81 | 25.94 | -14.84 | 38.74 | 17.71 | 33.54 | 100.00 | 0.0 | 20.0 | 0.00 | 0 | -100.0 | 25.59 | 4.45 | 8.34 |
| 21Q1 (13) | 0.20 | -64.29 | 150.0 | 43.11 | 6.1 | -6.08 | 4.89 | -52.94 | 389.0 | 4.86 | -51.83 | 285.71 | 3.95 | -51.05 | 89.9 | 1.02 | -64.71 | 137.21 | 0.79 | -62.2 | 119.44 | 0.19 | -24.0 | 11.76 | 11.76 | -22.73 | 4.53 | 32.91 | -13.94 | 55.68 | 100.00 | 0.0 | 0.0 | 0.00 | 0 | 0 | 24.50 | 48.94 | -15.46 |
| 20Q4 (12) | 0.56 | -5.08 | 69.7 | 40.63 | -1.5 | -10.74 | 10.39 | 24.88 | 51.46 | 10.09 | -1.66 | 29.69 | 8.07 | -8.5 | 31.01 | 2.89 | -7.96 | 63.28 | 2.09 | -9.52 | 48.23 | 0.25 | -3.85 | 8.7 | 15.22 | -3.61 | 2.77 | 38.24 | -11.3 | 56.4 | 100.00 | 27.27 | 14.29 | 0.00 | -100.0 | -100.0 | 16.45 | -20.95 | -31.37 |
| 20Q3 (11) | 0.59 | 28.26 | 103.45 | 41.25 | -5.89 | -10.03 | 8.32 | -2.46 | 17.35 | 10.26 | 0.49 | 44.71 | 8.82 | 10.53 | 56.94 | 3.14 | 28.16 | 93.83 | 2.31 | 17.86 | 77.69 | 0.26 | 4.0 | 13.04 | 15.79 | -9.2 | 5.62 | 43.11 | 48.6 | 60.92 | 78.57 | -5.71 | -21.43 | 21.43 | 28.57 | 0 | 20.81 | -11.9 | -13.07 |
| 20Q2 (10) | 0.46 | 475.0 | 58.62 | 43.83 | -4.51 | -7.38 | 8.53 | 753.0 | -0.23 | 10.21 | 710.32 | 14.59 | 7.98 | 283.65 | 27.68 | 2.45 | 469.77 | 48.48 | 1.96 | 444.44 | 46.27 | 0.25 | 47.06 | 19.05 | 17.39 | 54.58 | 0.23 | 29.01 | 37.23 | 14.3 | 83.33 | -16.67 | -6.25 | 16.67 | 0 | 0 | 23.62 | -18.5 | -8.16 |
| 20Q1 (9) | 0.08 | -75.76 | -71.43 | 45.90 | 0.83 | 4.03 | 1.00 | -85.42 | -71.75 | 1.26 | -83.8 | -83.38 | 2.08 | -66.23 | -66.23 | 0.43 | -75.71 | -72.08 | 0.36 | -74.47 | -71.88 | 0.17 | -26.09 | -19.05 | 11.25 | -24.04 | -34.59 | 21.14 | -13.54 | -7.04 | 100.00 | 14.29 | 133.33 | 0.00 | -100.0 | -100.0 | 28.98 | 20.9 | 2.91 |
| 19Q4 (8) | 0.33 | 13.79 | 32.0 | 45.52 | -0.72 | 7.61 | 6.86 | -3.24 | 20.77 | 7.78 | 9.73 | 37.7 | 6.16 | 9.61 | 33.33 | 1.77 | 9.26 | 31.11 | 1.41 | 8.46 | 27.03 | 0.23 | 0.0 | -4.17 | 14.81 | -0.94 | 20.8 | 24.45 | -8.73 | 18.0 | 87.50 | -12.5 | -12.5 | 12.50 | 0 | 0 | 23.97 | 0.13 | 1.22 |
| 19Q3 (7) | 0.29 | 0.0 | -38.3 | 45.85 | -3.11 | 2.37 | 7.09 | -17.08 | -25.68 | 7.09 | -20.43 | -25.21 | 5.62 | -10.08 | -26.63 | 1.62 | -1.82 | -38.4 | 1.30 | -2.99 | -37.2 | 0.23 | 9.52 | -14.81 | 14.95 | -13.83 | 1.36 | 26.79 | 5.56 | 16.12 | 100.00 | 12.5 | 0.0 | 0.00 | 0 | 0 | 23.94 | -6.92 | 2.35 |
| 19Q2 (6) | 0.29 | 3.57 | -14.71 | 47.32 | 7.25 | 15.02 | 8.55 | 141.53 | 26.29 | 8.91 | 17.55 | 21.56 | 6.25 | 1.46 | 4.87 | 1.65 | 7.14 | -14.51 | 1.34 | 4.69 | -11.84 | 0.21 | 0.0 | -19.23 | 17.35 | 0.87 | 31.84 | 25.38 | 11.61 | -16.04 | 88.89 | 107.41 | -11.11 | 0.00 | -100.0 | -100.0 | 25.72 | -8.66 | 21.67 |
| 19Q1 (5) | 0.28 | 12.0 | 47.37 | 44.12 | 4.3 | 6.98 | 3.54 | -37.68 | -24.2 | 7.58 | 34.16 | 81.34 | 6.16 | 33.33 | 80.65 | 1.54 | 14.07 | 45.28 | 1.28 | 15.32 | 50.59 | 0.21 | -12.5 | -16.0 | 17.20 | 40.29 | 72.0 | 22.74 | 9.75 | -2.86 | 42.86 | -57.14 | -57.14 | 57.14 | 0 | 385.71 | 28.16 | 18.92 | 29.06 |
| 18Q4 (4) | 0.25 | -46.81 | 0.0 | 42.30 | -5.56 | 0.0 | 5.68 | -40.46 | 0.0 | 5.65 | -40.4 | 0.0 | 4.62 | -39.69 | 0.0 | 1.35 | -48.67 | 0.0 | 1.11 | -46.38 | 0.0 | 0.24 | -11.11 | 0.0 | 12.26 | -16.88 | 0.0 | 20.72 | -10.19 | 0.0 | 100.00 | 0.0 | 0.0 | -0.00 | 0 | 0.0 | 23.68 | 1.24 | 0.0 |
| 18Q3 (3) | 0.47 | 38.24 | 0.0 | 44.79 | 8.87 | 0.0 | 9.54 | 40.92 | 0.0 | 9.48 | 29.33 | 0.0 | 7.66 | 28.52 | 0.0 | 2.63 | 36.27 | 0.0 | 2.07 | 36.18 | 0.0 | 0.27 | 3.85 | 0.0 | 14.75 | 12.08 | 0.0 | 23.07 | -23.69 | 0.0 | 100.00 | 0.0 | 0.0 | -0.00 | -100.0 | 0.0 | 23.39 | 10.64 | 0.0 |
| 18Q2 (2) | 0.34 | 78.95 | 0.0 | 41.14 | -0.24 | 0.0 | 6.77 | 44.97 | 0.0 | 7.33 | 75.36 | 0.0 | 5.96 | 74.78 | 0.0 | 1.93 | 82.08 | 0.0 | 1.52 | 78.82 | 0.0 | 0.26 | 4.0 | 0.0 | 13.16 | 31.6 | 0.0 | 30.23 | 29.13 | 0.0 | 100.00 | 0.0 | 0.0 | 12.50 | 162.5 | 0.0 | 21.14 | -3.12 | 0.0 |
| 18Q1 (1) | 0.19 | 0.0 | 0.0 | 41.24 | 0.0 | 0.0 | 4.67 | 0.0 | 0.0 | 4.18 | 0.0 | 0.0 | 3.41 | 0.0 | 0.0 | 1.06 | 0.0 | 0.0 | 0.85 | 0.0 | 0.0 | 0.25 | 0.0 | 0.0 | 10.00 | 0.0 | 0.0 | 23.41 | 0.0 | 0.0 | 100.00 | 0.0 | 0.0 | -20.00 | 0.0 | 0.0 | 21.82 | 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 | ||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2022 (10) | 0.17 | -84.26 | 47.12 | 5.16 | 0.14 | -97.58 | 4.82 | 20.48 | 1.20 | -82.95 | 1.15 | -79.75 | 0.76 | -84.65 | 0.70 | -82.14 | 0.55 | -17.91 | 8.92 | -33.08 | 14.36 | -41.84 | 20.00 | -75.38 | 80.00 | 326.67 | 3.36 | 33.61 | 0.00 | 0 |
| 2021 (9) | 1.08 | -36.09 | 44.81 | 5.44 | 5.79 | -25.1 | 4.00 | 16.5 | 7.04 | -18.61 | 5.68 | -21.55 | 4.95 | -42.97 | 3.92 | -41.05 | 0.67 | -26.37 | 13.33 | -12.53 | 24.69 | -35.43 | 81.25 | -9.72 | 18.75 | 87.5 | 2.52 | -1.71 | 28.22 | 30.59 |
| 2020 (8) | 1.69 | 38.52 | 42.50 | -7.04 | 7.73 | 17.66 | 3.43 | -7.3 | 8.65 | 10.61 | 7.24 | 19.87 | 8.68 | 32.92 | 6.65 | 23.84 | 0.91 | 3.41 | 15.24 | -3.54 | 38.24 | 56.4 | 90.00 | 6.67 | 10.00 | -36.0 | 2.56 | -56.49 | 21.61 | -14.72 |
| 2019 (7) | 1.22 | -1.61 | 45.72 | 7.78 | 6.57 | -2.67 | 3.70 | 52.19 | 7.82 | 15.85 | 6.04 | 10.02 | 6.53 | -5.22 | 5.37 | -3.76 | 0.88 | -13.73 | 15.80 | 25.3 | 24.45 | 18.0 | 84.38 | -12.81 | 15.62 | 0 | 5.88 | -33.18 | 25.34 | 12.57 |
| 2018 (6) | 1.24 | 7.83 | 42.42 | 3.19 | 6.75 | 10.11 | 2.43 | -4.2 | 6.75 | 18.63 | 5.49 | 11.59 | 6.89 | 7.32 | 5.58 | 9.63 | 1.02 | -1.92 | 12.61 | 26.99 | 20.72 | -20.83 | 96.77 | -10.39 | 0.00 | 0 | 8.80 | 0 | 22.51 | 1.72 |
| 2017 (5) | 1.15 | -47.25 | 41.11 | -11.63 | 6.13 | -31.66 | 2.54 | 2.89 | 5.69 | -38.75 | 4.92 | -35.6 | 6.42 | -67.58 | 5.09 | -67.62 | 1.04 | -49.51 | 9.93 | -22.66 | 26.17 | 1.36 | 108.00 | 14.0 | -8.00 | 0 | 0.00 | 0 | 22.13 | 1.1 |
| 2016 (4) | 2.18 | 0 | 46.52 | 0 | 8.97 | 0 | 2.47 | 0 | 9.29 | 0 | 7.64 | 0 | 19.80 | 0 | 15.72 | 0 | 2.06 | 0 | 12.84 | 0 | 25.82 | -46.41 | 94.74 | 0 | 2.63 | 0 | 0.00 | 0 | 21.89 | 0 |
| 2015 (3) | -0.37 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 48.18 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 |
