資產負債表僅顯示部份重要科目, 完整財報可參考這裡    玩股撇步(動畫小學堂)  

  • 現金是否充足, 是否沒有債務壓力. 現金和短期借款和一年內到期長期負債都很高的話要小心, 滿手現金卻不還債, 可能有問題
  • 應收帳款或存貨是否突然大幅增加, 留意應收帳款超過營收
  • 營收和獲利增加的速度要大於存貨和應收帳款的速度; 營收衰退, 應收帳款正常也要跟著減少
  • 營業活動負債: 因營業活動而產生, 如應付帳款, 應付票據, 合約負債等, 通常不需要支付利息. 此類型負債上升, 通常代表業績增加, 議價能力變好
  • 最容易被操弄的資產是應收帳款, 存貨和長期投資
  • 如果有資金貸予他人要注意
  • 非控制權益佔比: 非控制權益 / 股東權益總額, 如果這個值過大時要看個體報表, 不能只看合併報表
  • 圖表中的值是加一取對數, 目的是為了看趨勢
  • 還款急迫性 - 公司債 > 應付票據 > 銀行借款 > 應付員工 > 應付帳款/費用 > 其它
  • 如果未分配盈餘為負, 就算當年有獲利也沒法配息
  • 如果配息能力(未分配盈餘+其它權益)為負, 有可能會無法配息
資產負債表-近10年
現金及約當現金 YoY短期借款 YoY一年內到期長期負債 YoY資金貸予他人 YoY營收 YoY淨利 YoY應收帳款及票據 YoY應收帳款佔營收比(%) YoY存貨 YoY長期投資 YoY長期負債 YoY商譽及無形資產 YoY股本 YoY法定盈餘公積 YoY特別盈餘公積 YoY未分配盈餘 YoY保留盈餘 YoY其它權益 YoY配息能力 YoY非控制權益佔比 YoY
2023 (10)63.5716.6255.573.637.4123.061.04-61.05424.52-13.3915.04-42.55152.13-11.235.842.5284.79-12.7336.89-0.54118.58-15.232.32-6.83117.830.050.835.819.78-17.2675.85-0.21136.460.44-13.59062.26-5.990.0253.77
2022 (9)54.5128.2653.6416.9130.4-29.732.671.52490.14-2.8926.18-26.23171.32-14.6434.95-12.1197.16-9.0137.09-1.75139.8811.852.49-4.6117.83-5.048.048.2711.8251.1576.012.3135.867.41-9.78066.236.00.01-28.51
2021 (8)42.5-30.4245.884.1843.2695.662.63-0.75504.7131.5435.4939.56200.7114.5439.77-12.92106.7842.5137.753.03125.06-5.152.61-7.45124.030.044.375.927.82-45.8174.342.5126.4916.63-11.82062.4841.010.02-0.2
2020 (7)61.081.6344.04-0.2522.11-51.372.652.71383.7-4.9425.433.12175.2314.0745.6720.074.934.3336.647.8131.8510.582.82-18.02124.030.041.896.2414.43182.3952.14-7.64108.457.39-7.83044.315.450.02-24.39
2019 (6)60.1-1.2344.15-14.2145.4723.692.58-2.64403.63-6.7824.6658.99153.613.9138.0611.4771.82-9.333.9958.09119.24-15.833.44-10.65124.030.039.434.095.1119.6756.4524.34100.9915.35-14.43042.024.290.02-20.06
2018 (5)60.85-23.7951.46-15.7136.76-40.122.65-24.72433.04.2115.51-18.8147.83-1.334.14-5.2879.181.4721.56.65141.669.073.8521.07124.037.0137.885.314.270.045.41.587.553.04-5.11040.29-11.080.038.02
2017 (4)79.84-2.9561.0570.4861.3959.73.520415.517.4219.1-27.27149.7716.0336.048.0178.0317.820.1621.08129.880.143.18736.84115.915.035.977.894.270.044.73-12.4184.97-4.180.58-86.3545.31-18.090.033.39
2016 (3)82.2710.4435.8158.0338.4448.8800386.80.526.26-8.57129.086.0533.375.5266.246.0916.656.12129.74.650.38-22.45110.397.9933.349.424.270.051.07-2.1388.682.024.25-83.655.32-29.160.0310.25
2015 (2)74.4937.5122.66-39.3825.82-0.2700384.87-4.628.7224.49121.72-7.4231.63-2.9662.44-11.2915.695.66123.9427.120.49-18.33102.220.030.478.164.270.052.1815.8886.9212.225.91-17.6778.092.080.02-0.44
2014 (1)54.1711.8137.38-20.9425.89-7.9600403.435.6423.0719.53131.487.3732.591.6470.397.4514.851.0997.534.950.617.65102.223.028.177.364.270.045.039.2477.478.031.4733.1276.517.950.0246.77
資產負債表-近20季
現金及約當現金 QoQ YoY短期借款 QoQ YoY一年內到期長期負債 QoQ YoY資金貸予他人 QoQ YoY營收 QoQ YoY淨利 QoQ YoY應收帳款及票據 QoQ YoY應收帳款佔營收比(%) QoQ YoY存貨 QoQ YoY長期投資 QoQ YoY長期負債 QoQ YoY商譽及無形資產 QoQ YoY股本 QoQ YoY法定盈餘公積 QoQ YoY特別盈餘公積 QoQ YoY未分配盈餘 QoQ YoY保留盈餘 QoQ YoY其它權益 QoQ YoY配息能力 QoQ YoY非控制權益佔比 QoQ YoY
23Q4 (20)63.572.3316.6255.57-11.443.637.41444.5423.061.04-3.7-61.05107.59-4.52-8.64.09-31.8316.86152.13-8.75-11.235.84-6.572.5384.79-1.42-12.7336.89-1.36-0.54118.58-23.77-15.232.32-0.85-6.83117.830.00.050.830.05.819.780.0-17.2675.855.26-0.21136.462.860.44-13.59-270.3-38.9662.26-8.96-5.990.0268.4353.77
23Q3 (19)62.1223.01-17.6362.756.92-20.686.87-63.55-84.011.084.85-60.15112.683.85-3.656.067.622.95166.719.87-6.7838.3610.947.8686.01-4.18-16.5337.42.49-2.93155.554.929.152.34-2.09-6.77117.830.00.050.830.05.819.780.0-17.2672.069.081.87132.674.741.59-3.6777.8437.4868.3938.165.430.01-6.162.91
23Q2 (18)50.5-9.19-14.9758.6914.76-9.6218.85-37.29-56.321.03-2.83-61.57108.513.32-17.713.58161.31-59.82151.740.48-20.7734.575.83-6.8489.76-8.09-25.5336.49-2.77-6.98148.2914.5426.562.39-2.05-5.91117.830.0-5.050.835.815.819.78-17.26-17.2666.064.460.3126.672.910.76-16.56-95.28-105.9749.5-9.61-14.390.01-6.850.26
23Q1 (17)55.612.0218.2751.14-4.66-27.1230.06-1.12-26.221.06-60.3-61.1795.75-18.66-22.561.37-60.86-84.59151.01-11.86-23.8232.67-6.54-14.9197.660.51-17.0537.531.19-7.33129.47-7.4416.892.44-2.01-5.06117.830.0-5.048.040.08.2711.820.051.1563.24-16.8-23.98123.09-9.4-9.08-8.4813.29-657.1454.76-17.32-33.280.014.458.71
22Q4 (16)54.51-27.7228.2653.64-32.216.9130.4-29.25-29.732.67-1.481.52117.710.65-9.793.5-28.28-47.68171.32-4.2-14.6434.95-1.71-12.1197.16-5.71-9.0137.09-3.74-1.75139.8816.1411.852.49-0.8-4.6117.830.0-5.048.040.08.2711.820.051.1576.017.452.3135.864.047.41-9.78-66.6117.2666.232.16.00.0112.72-28.51
22Q3 (15)75.4226.9936.0179.1121.829.2842.97-0.4233.282.711.124.23116.95-11.3-10.114.88-45.23-50.25178.84-6.62-8.2635.56-4.17-10.03103.04-14.512.5138.53-1.782.72120.442.79-1.212.51-1.18-6.34117.83-5.0-5.048.040.08.2711.820.051.1570.747.415.3130.593.889.4-5.8726.9959.2464.8712.1922.910.01-8.57-29.87
22Q2 (14)59.3926.317.7764.94-7.450.4643.155.9280.472.68-1.832.68131.856.64-0.28.910.22-17.04191.51-3.390.137.11-3.34-10.39120.532.3726.3439.23-3.142.99117.175.79-5.842.54-1.17-6.96124.030.00.048.048.2714.6811.8251.15-18.0965.86-20.83-8.34125.71-7.14-1.91-8.04-617.8635.1157.82-29.55-2.760.011.0-17.38
22Q1 (13)47.0210.64-6.870.1752.9427.140.74-5.8374.12.733.83.8123.64-5.2410.378.8932.887.76198.22-1.2413.4638.39-3.46-7.84117.7410.2638.0540.57.288.78110.76-11.43-11.612.57-1.53-7.55124.030.00.044.370.05.927.820.0-45.8183.1911.9737.78135.387.0316.01-1.1290.5288.7782.0731.3562.80.01-31.31-25.47
21Q4 (12)42.5-23.35-30.4245.88-36.624.1843.2634.1895.662.631.15-0.75130.480.299.686.69-31.8-14.78200.712.9614.5439.770.61-12.92106.786.2342.5137.750.643.03125.062.58-5.152.61-2.61-7.45124.030.00.044.370.05.927.820.0-45.8174.310.642.5126.495.9616.63-11.8217.92-50.9662.4818.3841.010.0210.56-0.2
21Q3 (11)55.450.624.9272.3911.9975.3632.2434.8446.282.6-0.380.78130.1-1.5231.569.81-8.669.49194.941.931.6939.53-4.55-2.15100.525.3740.4537.51-1.527.23121.92-2.03-13.412.68-1.83-38.11124.030.00.044.375.925.927.82-45.81-45.8167.18-6.549.52119.37-6.8617.91-14.4-16.226.4952.78-11.2378.730.027.72-18.44
21Q2 (10)55.119.24-10.5664.6417.0848.0223.912.18-47.72.61-0.763.98132.1117.9347.5110.7430.1865.23191.319.535.6141.41-0.589.0995.411.8529.4838.092.314.61124.44-0.696.262.73-1.8-30.18124.030.00.041.890.00.014.430.00.071.8519.099.81128.169.8238.88-12.39-24.2741.5359.4617.95302.570.01-8.89-29.74
21Q1 (9)50.45-17.4-23.2655.2125.3627.6823.45.83-35.942.63-0.753.14112.02-5.8346.828.255.1289.15174.71-0.329.241.65-8.7918.7785.2913.8314.4737.231.616.07125.31-4.96-2.062.78-1.42-30.85124.030.00.041.890.06.2414.430.0182.3960.3815.83.09116.77.6113.18-9.97-27.3340.3450.4113.7720.430.02-8.02-27.85
20Q4 (8)61.0815.571.6344.046.69-0.2522.110.32-51.372.652.712.71118.9620.316.957.85-12.3942.21175.2318.3714.0745.6713.0620.074.934.694.3336.644.757.8131.85-6.3610.582.82-34.87-18.02124.030.00.041.890.06.2414.430.0182.3952.1416.05-7.64108.457.127.39-7.8349.1645.7444.3150.055.450.02-9.65-24.39
20Q3 (7)52.85-14.23-22.1341.28-5.47-24.1622.04-51.79-61.152.582.79-3.0198.8910.42-4.978.9637.8555.83148.034.93-4.4240.396.41071.57-2.86-2.1234.98-3.933.52140.820.2326.694.3310.7421.29124.030.00.041.890.06.2414.430.0182.3944.9324.94-13.33101.249.715.04-15.427.32-31.6229.5399.93-26.430.02-7.21-28.61
20Q2 (6)61.62-6.271.6343.670.99-21.9345.7225.16-0.132.51-1.57-14.9289.5617.38-13.456.5206.67.08141.074.33-13.837.968.23073.68-1.11-6.0736.413.7311.48117.11-8.471.833.91-2.745.96124.030.00.041.896.246.2414.43182.39182.3935.96-38.6-21.6292.28-10.52.06-21.19-26.81-1862.0414.77-64.72-67.030.02-6.43-24.42
20Q1 (5)65.749.383.0143.24-2.06-26.8636.53-19.66-22.042.55-1.16-5.976.3-24.99-19.162.12-61.59-71.0135.22-11.97-12.3135.07-7.84074.513.75-3.0735.13.2750.39127.957.36.54.0216.866.63124.030.00.039.430.04.095.110.019.6758.573.7611.1103.112.18.69-16.71-15.8-640.7841.86-0.38-25.00.02-3.61-17.29
19Q4 (4)60.1-11.450.044.15-18.890.045.47-19.850.02.58-3.010.0101.72-2.250.05.52-4.00.0153.61-0.820.038.0600.071.82-1.780.033.990.590.0119.247.290.03.44-3.640.0124.030.00.039.430.00.05.110.00.056.458.890.0100.994.780.0-14.43-23.330.042.024.680.00.02-14.690.0

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