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
| 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 | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2019 (10) | 52.53 | -5.06 | 16.84 | -10.19 | 1.18 | -28.48 | 0 | 0 | 159.6 | -21.4 | -37.54 | 0 | 91.91 | -11.29 | 57.59 | 12.86 | 32.52 | -30.88 | 7.46 | -33.27 | 10.11 | 146.59 | 75.02 | -2.37 | 108.87 | 0.0 | 1.61 | 0.0 | 3.18 | -54.83 | -37.5 | 0 | -32.7 | 0 | -12.85 | 0 | -50.35 | 0 | 0.04 | 37.16 |
| 2018 (9) | 55.33 | -19.07 | 18.75 | 167.86 | 1.65 | -83.11 | 0 | 0 | 203.06 | -19.65 | -4.56 | 0 | 103.61 | -8.22 | 51.02 | 14.22 | 47.05 | -2.28 | 11.18 | -60.35 | 4.1 | -80.67 | 76.84 | -2.08 | 108.87 | 0.0 | 1.61 | 0 | 7.04 | 0 | -3.85 | 0 | 4.8 | -70.26 | -13.18 | 0 | -17.03 | 0 | 0.03 | 0.77 |
| 2017 (8) | 68.37 | 13.93 | 7.0 | -67.61 | 9.77 | 58.6 | 0 | 0 | 252.71 | -1.05 | 16.5 | 0 | 112.89 | 7.75 | 44.67 | 8.89 | 48.15 | 10.56 | 28.2 | 2.81 | 21.21 | -63.04 | 78.47 | -2.0 | 108.87 | -0.26 | 0 | 0 | 0 | 0 | 16.14 | 0 | 16.14 | 0 | -6.84 | 0 | 9.3 | 0 | 0.03 | -9.68 |
| 2016 (7) | 60.01 | -20.65 | 21.61 | -43.12 | 6.16 | -93.89 | 0 | 0 | 255.39 | 0.11 | -35.46 | 0 | 104.77 | -7.29 | 41.02 | -7.4 | 43.55 | -33.74 | 27.43 | -25.03 | 57.38 | 103.48 | 80.07 | 0.15 | 109.15 | -0.75 | 2.42 | -84.37 | 0 | 0 | -35.45 | 0 | -33.04 | 0 | -5.05 | 0 | -40.5 | 0 | 0.03 | -21.29 |
| 2015 (6) | 75.63 | -28.07 | 37.99 | -36.31 | 100.77 | 118.12 | 0 | 0 | 255.1 | -7.95 | -30.19 | 0 | 113.01 | -28.55 | 44.30 | -22.38 | 65.73 | 3.71 | 36.59 | -4.24 | 28.2 | -67.51 | 79.95 | 6.18 | 109.98 | -0.31 | 15.48 | 13.24 | 0 | 0 | -13.06 | 0 | 2.42 | -94.24 | 1.43 | -0.69 | -11.63 | 0 | 0.04 | -8.69 |
| 2014 (5) | 105.15 | -33.37 | 59.65 | 140.52 | 46.2 | -46.48 | 0 | 0 | 277.13 | 24.6 | 18.1 | 4663.16 | 158.16 | 36.02 | 57.07 | 9.16 | 63.38 | 29.27 | 38.21 | 5.0 | 86.79 | 3.49 | 75.3 | 75.48 | 110.32 | 17.86 | 13.67 | 0.29 | 1.01 | -57.74 | 27.38 | 186.7 | 42.05 | 64.45 | 1.44 | 0 | 28.82 | 578.12 | 0.05 | 35.54 |
| 2013 (4) | 157.82 | 0 | 24.8 | 0 | 86.32 | 0 | 0 | 0 | 222.41 | 0 | 0.38 | 0 | 116.28 | 0 | 52.28 | 0 | 49.03 | 0 | 36.39 | 0 | 83.86 | 0 | 42.91 | 0 | 93.6 | 0 | 13.63 | 0 | 2.39 | 0 | 9.55 | 0 | 25.57 | 0 | -5.3 | 0 | 4.25 | 0 | 0.03 | 0 |
| 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 | |||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 20Q3 (20) | 65.12 | 3.76 | 40.74 | 14.0 | 20.07 | -5.21 | 7.28 | 37.88 | 970.59 | 0 | 0 | 0 | 37.31 | 19.16 | -10.57 | -11.03 | -21.34 | -29.46 | 75.27 | 2.52 | -19.99 | 52.80 | 5.69 | -9.26 | 30.16 | -9.7 | -19.83 | 16.57 | -21.88 | 126.68 | 30.12 | 23.8 | 366.25 | 73.62 | -0.22 | -2.36 | 108.87 | 0.0 | 0.0 | 0 | 0 | -100.0 | 0 | 0 | -100.0 | -32.92 | -37.05 | -30.48 | -32.92 | -37.05 | -61.06 | -13.89 | 9.22 | -5.55 | -46.81 | -19.05 | -21.93 | 0.05 | 10.62 | 23.88 |
| 20Q2 (19) | 62.76 | 3.77 | 27.38 | 11.66 | -15.99 | -40.05 | 5.28 | 340.0 | 643.66 | 0 | 0 | 0 | 31.31 | -7.59 | -22.25 | -9.09 | 39.12 | -62.03 | 73.42 | -11.92 | -24.4 | 49.96 | -6.55 | -9.23 | 33.4 | -3.97 | -24.0 | 21.21 | 194.58 | 197.89 | 24.33 | 25.28 | 1306.36 | 73.78 | -0.83 | -2.91 | 108.87 | 0.0 | 0.0 | 0 | -100.0 | -100.0 | 0 | -100.0 | -100.0 | -24.02 | 54.18 | -43.66 | -24.02 | 49.56 | -101.51 | -15.3 | -15.82 | -61.73 | -39.32 | 40.09 | -50.19 | 0.05 | 0.5 | 8.48 |
| 20Q1 (18) | 60.48 | 15.13 | 18.52 | 13.88 | -17.58 | -28.05 | 1.2 | 1.69 | -25.93 | 0 | 0 | 0 | 33.88 | -15.43 | -9.73 | -14.93 | -21.38 | -34.38 | 83.36 | -9.3 | -14.26 | 53.46 | -7.18 | 3.99 | 34.78 | 6.95 | -17.93 | 7.2 | -3.49 | -35.54 | 19.42 | 92.09 | 1822.77 | 74.4 | -0.83 | -2.59 | 108.87 | 0.0 | 0.0 | 1.61 | 0.0 | 0.0 | 3.18 | 0.0 | -54.83 | -52.42 | -39.79 | -250.4 | -47.62 | -45.63 | -654.68 | -13.21 | -2.8 | -42.35 | -65.63 | -30.35 | -170.75 | 0.05 | 12.42 | 37.7 |
| 19Q4 (17) | 52.53 | 13.53 | -5.06 | 16.84 | 14.01 | -10.19 | 1.18 | 73.53 | -28.48 | 0 | 0 | 0 | 40.06 | -3.98 | -4.98 | -12.3 | -44.37 | -25.64 | 91.91 | -2.31 | -11.29 | 57.59 | -1.02 | 12.88 | 32.52 | -13.56 | -30.88 | 7.46 | 2.05 | -33.27 | 10.11 | 56.5 | 146.59 | 75.02 | -0.5 | -2.37 | 108.87 | 0.0 | 0.0 | 1.61 | 0.0 | 0.0 | 3.18 | 0.0 | -54.83 | -37.5 | -48.63 | -874.03 | -32.7 | -59.98 | -781.25 | -12.85 | 2.36 | 2.5 | -50.35 | -31.15 | -195.65 | 0.04 | -0.87 | 37.16 |
| 19Q3 (16) | 46.27 | -6.09 | -4.34 | 14.77 | -24.06 | -21.35 | 0.68 | -4.23 | -64.21 | 0 | 0 | 0 | 41.72 | 3.6 | -26.13 | -8.52 | -51.87 | -42700.0 | 94.08 | -3.12 | -20.13 | 58.19 | 5.72 | 8.82 | 37.62 | -14.4 | -28.86 | 7.31 | 2.67 | -36.66 | 6.46 | 273.41 | 251.09 | 75.4 | -0.78 | -2.73 | 108.87 | 0.0 | 0.0 | 1.61 | 0.0 | 0.0 | 3.18 | 0.0 | -54.83 | -25.23 | -50.9 | -543.41 | -20.44 | -71.48 | -242.54 | -13.16 | -39.11 | -4.53 | -38.39 | -46.64 | -456.38 | 0.04 | -3.14 | 40.18 |
| 19Q2 (15) | 49.27 | -3.45 | -12.84 | 19.45 | 0.83 | 4.23 | 0.71 | -56.17 | -62.03 | 0 | 0 | 0 | 40.27 | 7.3 | -23.95 | -5.61 | 49.5 | -559.84 | 97.11 | -0.11 | -18.87 | 55.04 | 7.07 | 7.32 | 43.95 | 3.7 | -18.1 | 7.12 | -36.26 | -37.32 | 1.73 | 71.29 | -10.36 | 75.99 | -0.51 | -1.97 | 108.87 | 0.0 | 0.0 | 1.61 | 0.0 | 0.0 | 3.18 | -54.83 | -54.83 | -16.72 | -11.76 | -394.89 | -11.92 | -88.91 | -183.24 | -9.46 | -1.94 | -95.86 | -26.18 | -8.0 | -3216.67 | 0.04 | 27.57 | 43.1 |
| 19Q1 (14) | 51.03 | -7.77 | 0.61 | 19.29 | 2.88 | 37.3 | 1.62 | -1.82 | -50.15 | 0 | 0 | 0 | 37.53 | -10.98 | -27.1 | -11.11 | -13.48 | -377.75 | 97.22 | -6.17 | -14.97 | 51.41 | 0.75 | 11.01 | 42.38 | -9.93 | -21.85 | 11.17 | -0.09 | -57.32 | 1.01 | -75.37 | -85.57 | 76.38 | -0.6 | -2.1 | 108.87 | 0.0 | 0.0 | 1.61 | 0.0 | 0 | 7.04 | 0.0 | 0 | -14.96 | -288.57 | -172.62 | -6.31 | -231.46 | -130.63 | -9.28 | 29.59 | -59.72 | -24.24 | -42.34 | -263.89 | 0.03 | 11.97 | 12.16 |
| 18Q4 (13) | 55.33 | 14.39 | 0 | 18.75 | -0.16 | 0 | 1.65 | -13.16 | 0 | 0 | 0 | 0 | 42.16 | -25.35 | -28.99 | -9.79 | -49050.0 | -347.22 | 103.61 | -12.04 | 0 | 51.02 | -4.58 | 0 | 47.05 | -11.02 | 0 | 11.18 | -3.12 | 0 | 4.1 | 122.83 | 0 | 76.84 | -0.88 | 0 | 108.87 | 0.0 | 0.0 | 1.61 | 0.0 | 0 | 7.04 | 0.0 | 0 | -3.85 | -167.66 | 0 | 4.8 | -66.53 | -70.26 | -13.18 | -4.69 | 0 | -17.03 | -146.81 | 0 | 0.03 | 1.31 | 0.77 |
| 18Q3 (12) | 48.37 | -14.43 | 0 | 18.78 | 0.64 | 0 | 1.9 | 1.6 | 0 | 0 | 0 | 0 | 56.48 | 6.67 | -18.83 | 0.02 | -98.36 | -99.75 | 117.79 | -1.59 | 0 | 53.47 | 4.27 | 0 | 52.88 | -1.45 | 0 | 11.54 | 1.58 | 0 | 1.84 | -4.66 | 0 | 77.52 | 0.0 | 0 | 108.87 | 0.0 | -0.26 | 1.61 | 0.0 | 0 | 7.04 | 0.0 | 0 | 5.69 | 0.35 | 0 | 14.34 | 0.14 | 14.35 | -12.59 | -160.66 | 0 | -6.9 | -921.43 | 0 | 0.03 | -1.11 | -12.07 |
| 18Q2 (11) | 56.53 | 11.46 | 0 | 18.66 | 32.81 | 0 | 1.87 | -42.46 | 0 | 0 | 0 | 0 | 52.95 | 2.86 | -20.32 | 1.22 | -69.5 | -83.31 | 119.69 | 4.69 | 0 | 51.29 | 10.74 | 0 | 53.66 | -1.05 | 0 | 11.36 | -56.59 | 0 | 1.93 | -72.43 | 0 | 77.52 | -0.64 | 0 | 108.87 | 0.0 | -0.26 | 1.61 | 0 | 0 | 7.04 | 0 | 0 | 5.67 | -72.48 | 0 | 14.32 | -30.49 | 218.22 | -4.83 | 16.87 | 0 | 0.84 | -94.32 | 0 | 0.03 | -0.01 | -12.6 |
| 18Q1 (10) | 50.72 | 0 | 0 | 14.05 | 0 | 0 | 3.25 | 0 | 0 | 0 | 0 | 0 | 51.48 | -13.29 | -10.17 | 4.0 | 1.01 | 242.35 | 114.33 | 0 | 0 | 46.31 | 0 | 0 | 54.23 | 0 | 0 | 26.17 | 0 | 0 | 7.0 | 0 | 0 | 78.02 | 0 | 0 | 108.87 | 0.0 | -0.26 | 0 | 0 | 0 | 0 | 0 | 0 | 20.6 | 0 | 0 | 20.6 | 27.63 | 157.46 | -5.81 | 0 | 0 | 14.79 | 0 | 0 | 0.03 | 0.6 | -5.73 |
| 17Q4 (9) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 59.37 | -14.67 | -6.27 | 3.96 | -50.75 | 349.06 | 0 | 0 | 0 | 0.00 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 108.87 | -0.26 | -0.26 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 16.14 | 28.71 | 148.85 | 0 | 0 | 0 | 0 | 0 | 0 | 0.03 | -11.6 | -9.68 |
| 17Q3 (8) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 69.58 | 4.71 | 5.55 | 8.04 | 9.99 | 26700.0 | 0 | 0 | 0 | 0.00 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 109.15 | 0.0 | 0.0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 12.54 | 178.67 | 139.86 | 0 | 0 | 0 | 0 | 0 | 0 | 0.03 | -1.71 | 0 |
| 17Q2 (7) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 66.45 | 15.95 | 1.37 | 7.31 | 360.14 | 141.77 | 0 | 0 | 0 | 0.00 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 109.15 | 0.0 | -0.04 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 4.5 | 112.55 | 114.29 | 0 | 0 | 0 | 0 | 0 | 0 | 0.03 | 7.85 | 0 |
| 17Q1 (6) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 57.31 | -9.52 | -5.4 | -2.81 | -76.73 | 0 | 0 | 0 | 0 | 0.00 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 109.15 | 0.0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -35.85 | -8.5 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.03 | -3.62 | 0 |
| 16Q4 (5) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 63.34 | -3.91 | 7.05 | -1.59 | -5400.0 | 0 | 0 | 0 | 0 | 0.00 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 109.15 | 0.0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -33.04 | -5.02 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.03 | 0 | 0 |
| 16Q3 (4) | 0 | 0 | 0.0 | 0 | 0 | 0.0 | 0 | 0 | 0.0 | 0 | 0 | 0.0 | 65.92 | 0.56 | 0.0 | 0.03 | 100.17 | 0.0 | 0 | 0 | 0.0 | 0.00 | 0 | 0.0 | 0 | 0 | 0.0 | 0 | 0 | 0.0 | 0 | 0 | 0.0 | 0 | 0 | 0.0 | 109.15 | -0.04 | 0.0 | 0 | 0 | 0.0 | 0 | 0 | 0.0 | 0 | 0 | 0.0 | -31.46 | 0.1 | 0.0 | 0 | 0 | 0.0 | 0 | 0 | 0.0 | 0.00 | 0 | 0.0 |
