- 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 | |||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 21Q4 (20) | 0.17 | -67.92 | -79.01 | 17.75 | -17.17 | -24.69 | 2.68 | -61.38 | -59.94 | 3.27 | -62.06 | -59.83 | 1.74 | -64.42 | -77.04 | 0.68 | -63.64 | -76.31 | 0.31 | -65.56 | -78.62 | 0.18 | 0.0 | -5.26 | 5.15 | -50.86 | -49.61 | 113.91 | -3.2 | 15.53 | 82.24 | 2.03 | 0.33 | 18.42 | -5.06 | 3.72 | 0.00 | -100.0 | 0 |
| 21Q3 (19) | 0.53 | -20.9 | -50.93 | 21.43 | -1.97 | -14.76 | 6.94 | -4.14 | -22.37 | 8.62 | 3.23 | -36.2 | 4.89 | -21.51 | -54.26 | 1.87 | -19.74 | -53.25 | 0.90 | -23.73 | -54.55 | 0.18 | -5.26 | -5.26 | 10.48 | 2.44 | -33.08 | 117.67 | 18.05 | 23.11 | 80.60 | -7.1 | 21.96 | 19.40 | 46.47 | -42.79 | 26.71 | 0 | 0 |
| 21Q2 (18) | 0.67 | 26.42 | -29.47 | 21.86 | -16.15 | -13.32 | 7.24 | -6.46 | -23.95 | 8.35 | -8.94 | -27.33 | 6.23 | 2.64 | -41.67 | 2.33 | 23.94 | -34.55 | 1.18 | 22.92 | -34.81 | 0.19 | 18.75 | 11.76 | 10.23 | -11.58 | -26.3 | 99.68 | 5.59 | -8.84 | 86.75 | 2.8 | 4.79 | 13.25 | -15.12 | -23.03 | 0.00 | 0 | 0 |
| 21Q1 (17) | 0.53 | -34.57 | 47.22 | 26.07 | 10.61 | -2.91 | 7.74 | 15.7 | -5.49 | 9.17 | 12.65 | 3.03 | 6.07 | -19.92 | 13.25 | 1.88 | -34.49 | 41.35 | 0.96 | -33.79 | 35.21 | 0.16 | -15.79 | 23.08 | 11.57 | 13.21 | -5.16 | 94.40 | -4.26 | 11.16 | 84.39 | 2.96 | -8.39 | 15.61 | -12.12 | 98.21 | 0.00 | 0 | -100.0 |
| 20Q4 (16) | 0.81 | -25.0 | 58.82 | 23.57 | -6.25 | 0.64 | 6.69 | -25.17 | -5.77 | 8.14 | -39.75 | 11.97 | 7.58 | -29.09 | 29.57 | 2.87 | -28.25 | 49.48 | 1.45 | -26.77 | 43.56 | 0.19 | 0.0 | 11.76 | 10.22 | -34.74 | 2.71 | 98.60 | 3.16 | 9.98 | 81.97 | 24.04 | -15.87 | 17.76 | -47.64 | 705.1 | 0.00 | 0 | 0 |
| 20Q3 (15) | 1.08 | 13.68 | -11.48 | 25.14 | -0.32 | 2.49 | 8.94 | -6.09 | 21.96 | 13.51 | 17.58 | -16.24 | 10.69 | 0.09 | -25.04 | 4.00 | 12.36 | -12.09 | 1.98 | 9.39 | -14.29 | 0.19 | 11.76 | 18.75 | 15.66 | 12.82 | -17.14 | 95.58 | -12.59 | 2.47 | 66.08 | -20.18 | 45.28 | 33.92 | 97.08 | -37.78 | 0.00 | 0 | -100.0 |
| 20Q2 (14) | 0.95 | 163.89 | 295.83 | 25.22 | -6.07 | 9.08 | 9.52 | 16.24 | 161.54 | 11.49 | 29.1 | 127.98 | 10.68 | 99.25 | 219.76 | 3.56 | 167.67 | 274.74 | 1.81 | 154.93 | 262.0 | 0.17 | 30.77 | 13.33 | 13.88 | 13.77 | 71.36 | 109.35 | 28.77 | 8.5 | 82.79 | -10.13 | 14.36 | 17.21 | 118.56 | -37.66 | 0.00 | -100.0 | -100.0 |
| 20Q1 (13) | 0.36 | -29.41 | 9.09 | 26.85 | 14.65 | 11.0 | 8.19 | 15.35 | 26.98 | 8.90 | 22.42 | 20.43 | 5.36 | -8.38 | 18.58 | 1.33 | -30.73 | 8.13 | 0.71 | -29.7 | 5.97 | 0.13 | -23.53 | -13.33 | 12.20 | 22.61 | 15.64 | 84.92 | -5.28 | 3.78 | 92.13 | -5.44 | 5.61 | 7.87 | 256.96 | -38.32 | 33.92 | 0 | 7.04 |
| 19Q4 (12) | 0.51 | -58.2 | 142.86 | 23.42 | -4.53 | 10.0 | 7.10 | -3.14 | 78.39 | 7.27 | -54.93 | 41.99 | 5.85 | -58.98 | 94.35 | 1.92 | -57.8 | 108.7 | 1.01 | -56.28 | 110.42 | 0.17 | 6.25 | 6.25 | 9.95 | -47.35 | 25.31 | 89.65 | -3.89 | 1.04 | 97.43 | 114.19 | 25.67 | 2.21 | -95.95 | -90.18 | 0.00 | -100.0 | -100.0 |
| 19Q3 (11) | 1.22 | 408.33 | 212.82 | 24.53 | 6.1 | 5.37 | 7.33 | 101.37 | 23.61 | 16.13 | 220.04 | 115.64 | 14.26 | 326.95 | 177.97 | 4.55 | 378.95 | 189.81 | 2.31 | 362.0 | 188.75 | 0.16 | 6.67 | 0.0 | 18.90 | 133.33 | 85.11 | 93.28 | -7.44 | 0.99 | 45.49 | -37.17 | -42.59 | 54.51 | 97.46 | 162.47 | 29.18 | -11.76 | 1.32 |
| 19Q2 (10) | 0.24 | -27.27 | 41.18 | 23.12 | -4.42 | -3.63 | 3.64 | -43.57 | -49.72 | 5.04 | -31.8 | -12.35 | 3.34 | -26.11 | 51.82 | 0.95 | -22.76 | 35.71 | 0.50 | -25.37 | 35.14 | 0.15 | 0.0 | -11.76 | 8.10 | -23.22 | -4.37 | 100.78 | 23.16 | 2.27 | 72.39 | -17.01 | -42.51 | 27.61 | 116.26 | 206.49 | 33.07 | 4.35 | 24.75 |
| 19Q1 (9) | 0.33 | 57.14 | -62.5 | 24.19 | 13.62 | 1.9 | 6.45 | 62.06 | -25.61 | 7.39 | 44.34 | -23.42 | 4.52 | 50.17 | -48.75 | 1.23 | 33.7 | -59.67 | 0.67 | 39.58 | -57.59 | 0.15 | -6.25 | -16.67 | 10.55 | 32.87 | -13.1 | 81.83 | -7.78 | -2.04 | 87.23 | 12.52 | -3.07 | 12.77 | -43.19 | 24.55 | 31.69 | 15.15 | 34.11 |
| 18Q4 (8) | 0.21 | -46.15 | -44.74 | 21.29 | -8.55 | -10.21 | 3.98 | -32.88 | 1.27 | 5.12 | -31.55 | 43.82 | 3.01 | -41.33 | -31.28 | 0.92 | -41.4 | -33.33 | 0.48 | -40.0 | -28.36 | 0.16 | 0.0 | 6.67 | 7.94 | -22.23 | 0 | 88.73 | -3.94 | -14.18 | 77.53 | -2.15 | -29.96 | 22.47 | 8.2 | 326.45 | 27.52 | -4.44 | -6.84 |
| 18Q3 (7) | 0.39 | 129.41 | -39.06 | 23.28 | -2.96 | -9.84 | 5.93 | -18.09 | -30.15 | 7.48 | 30.09 | -15.96 | 5.13 | 133.18 | -19.34 | 1.57 | 124.29 | -34.03 | 0.80 | 116.22 | -27.93 | 0.16 | -5.88 | -11.11 | 10.21 | 20.54 | -9.73 | 92.37 | -6.26 | -12.8 | 79.23 | -37.08 | -16.86 | 20.77 | 180.11 | 341.92 | 28.80 | 8.64 | 15.15 |
| 18Q2 (6) | 0.17 | -80.68 | -79.27 | 23.99 | 1.05 | -11.67 | 7.24 | -16.49 | -29.98 | 5.75 | -40.41 | -49.96 | 2.20 | -75.06 | -70.51 | 0.70 | -77.05 | -76.51 | 0.37 | -76.58 | -72.99 | 0.17 | -5.56 | -5.56 | 8.47 | -30.23 | 0 | 98.54 | 17.97 | -18.47 | 125.93 | 39.92 | 39.89 | -25.93 | -352.94 | -359.75 | 26.51 | 12.19 | 23.36 |
| 18Q1 (5) | 0.88 | 131.58 | -4.35 | 23.74 | 0.13 | -19.03 | 8.67 | 120.61 | -26.77 | 9.65 | 171.07 | -20.58 | 8.82 | 101.37 | -3.18 | 3.05 | 121.01 | -4.39 | 1.58 | 135.82 | 11.27 | 0.18 | 20.0 | 12.5 | 12.14 | 0 | 0 | 83.53 | -19.21 | -27.76 | 90.00 | -18.69 | -7.62 | 10.25 | 203.29 | 297.38 | 23.63 | -20.01 | -6.49 |
| 17Q4 (4) | 0.38 | -40.62 | 0.0 | 23.71 | -8.17 | 0.0 | 3.93 | -53.71 | 0.0 | 3.56 | -60.0 | 0.0 | 4.38 | -31.13 | 0.0 | 1.38 | -42.02 | 0.0 | 0.67 | -39.64 | 0.0 | 0.15 | -16.67 | 0.0 | 0.00 | -100.0 | 0.0 | 103.39 | -2.4 | 0.0 | 110.69 | 16.15 | 0.0 | -9.92 | -311.15 | 0.0 | 29.54 | 18.11 | 0.0 |
| 17Q3 (3) | 0.64 | -21.95 | 0.0 | 25.82 | -4.93 | 0.0 | 8.49 | -17.89 | 0.0 | 8.90 | -22.54 | 0.0 | 6.36 | -14.75 | 0.0 | 2.38 | -20.13 | 0.0 | 1.11 | -18.98 | 0.0 | 0.18 | 0.0 | 0.0 | 11.31 | 0 | 0.0 | 105.93 | -12.35 | 0.0 | 95.30 | 5.87 | 0.0 | 4.70 | -52.91 | 0.0 | 25.01 | 16.38 | 0.0 |
| 17Q2 (2) | 0.82 | -10.87 | 0.0 | 27.16 | -7.37 | 0.0 | 10.34 | -12.67 | 0.0 | 11.49 | -5.43 | 0.0 | 7.46 | -18.11 | 0.0 | 2.98 | -6.58 | 0.0 | 1.37 | -3.52 | 0.0 | 0.18 | 12.5 | 0.0 | 0.00 | 0 | 0.0 | 120.86 | 4.52 | 0.0 | 90.02 | -7.6 | 0.0 | 9.98 | 286.96 | 0.0 | 21.49 | -14.96 | 0.0 |
| 17Q1 (1) | 0.92 | 0.0 | 0.0 | 29.32 | 0.0 | 0.0 | 11.84 | 0.0 | 0.0 | 12.15 | 0.0 | 0.0 | 9.11 | 0.0 | 0.0 | 3.19 | 0.0 | 0.0 | 1.42 | 0.0 | 0.0 | 0.16 | 0.0 | 0.0 | 0.00 | 0.0 | 0.0 | 115.63 | 0.0 | 0.0 | 97.42 | 0.0 | 0.0 | 2.58 | 0.0 | 0.0 | 25.27 | 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) | 0.00 | 0 | 21.56 | -13.83 | 6.07 | -26.69 | 0.00 | 0 | 7.26 | -31.38 | 4.66 | -46.92 | 6.84 | -40.37 | 3.32 | -43.82 | 0.71 | 5.97 | 0.00 | 0 | 113.91 | 15.53 | 0.00 | 0 | 0.00 | 0 | 0.11 | -23.42 | 0.00 | 0 |
| 2020 (9) | 0.00 | 0 | 25.02 | 5.04 | 8.28 | 33.76 | 0.00 | 0 | 10.58 | 16.52 | 8.78 | 22.97 | 11.47 | 34.0 | 5.91 | 30.46 | 0.67 | 6.35 | 0.00 | 0 | 98.60 | 9.98 | 0.00 | 0 | 0.00 | 0 | 0.15 | -16.56 | 26.71 | -9.4 |
| 2019 (8) | 2.30 | 39.39 | 23.82 | 3.03 | 6.19 | -5.78 | 2.81 | 8.32 | 9.08 | 27.89 | 7.14 | 45.12 | 8.56 | 35.87 | 4.53 | 41.12 | 0.63 | -3.08 | 11.98 | 22.49 | 89.65 | 1.04 | 68.27 | -26.2 | 31.73 | 323.69 | 0.18 | -28.36 | 29.48 | 11.33 |
| 2018 (7) | 1.65 | -40.22 | 23.12 | -13.05 | 6.57 | -25.59 | 2.59 | 10.16 | 7.10 | -23.24 | 4.92 | -28.8 | 6.30 | -35.58 | 3.21 | -28.19 | 0.65 | 0.0 | 9.78 | -16.41 | 88.73 | -14.18 | 92.51 | -3.11 | 7.49 | 65.7 | 0.24 | -68.51 | 26.48 | 5.5 |
| 2017 (6) | 2.76 | -27.37 | 26.59 | -7.8 | 8.83 | -19.14 | 2.35 | 24.48 | 9.25 | -17.11 | 6.91 | -14.59 | 9.78 | -25.57 | 4.47 | -17.68 | 0.65 | -2.99 | 11.70 | -10.89 | 103.39 | -22.96 | 95.48 | -2.42 | 4.52 | 110.09 | 0.78 | 0 | 25.10 | 10.67 |
| 2016 (5) | 3.80 | -16.11 | 28.84 | 7.45 | 10.92 | 8.12 | 1.89 | 13.96 | 11.16 | 3.33 | 8.09 | -0.49 | 13.14 | -15.88 | 5.43 | -10.54 | 0.67 | -10.67 | 13.13 | 4.87 | 134.21 | -10.42 | 97.85 | 4.56 | 2.15 | -66.68 | 0.00 | 0 | 22.68 | 16.01 |
| 2015 (4) | 4.53 | -8.48 | 26.84 | 3.67 | 10.10 | -10.3 | 1.66 | 11.52 | 10.80 | -10.15 | 8.13 | -5.57 | 15.62 | -15.38 | 6.07 | -9.54 | 0.75 | -3.85 | 12.52 | -7.6 | 149.82 | -8.97 | 93.58 | -0.15 | 6.46 | 2.89 | 0.00 | 0 | 19.55 | 2.84 |
| 2014 (3) | 4.95 | 18.14 | 25.89 | 1.25 | 11.26 | 8.06 | 1.49 | -4.79 | 12.02 | 6.75 | 8.61 | -0.81 | 18.46 | 4.71 | 6.71 | 7.02 | 0.78 | 8.33 | 13.55 | 5.37 | 164.59 | -12.03 | 93.73 | 1.27 | 6.27 | -15.77 | 0.00 | 0 | 19.01 | -0.73 |
| 2013 (2) | 4.19 | 127.72 | 25.57 | 13.49 | 10.42 | 66.19 | 1.56 | 7.48 | 11.26 | 68.06 | 8.68 | 89.11 | 17.63 | 139.21 | 6.27 | 84.41 | 0.72 | -2.7 | 12.86 | 54.57 | 187.10 | 6.91 | 92.55 | -1.17 | 7.45 | 17.26 | 0.00 | 0 | 19.15 | -2.79 |
| 2012 (1) | 1.84 | 0 | 22.53 | 0 | 6.27 | 0 | 1.45 | 0 | 6.70 | 0 | 4.59 | 0 | 7.37 | 0 | 3.40 | 0 | 0.74 | 0 | 8.32 | 0 | 175.00 | 0 | 93.65 | 0 | 6.35 | 0 | 0.00 | 0 | 19.70 | 0 |
