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 | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2020 (10) | 5.24 | 11.97 | 6.16 | -34.19 | 0 | 0 | 0 | 0 | 29.15 | 0.21 | 2.53 | 79.43 | 19.4 | 9.36 | 66.55 | 9.13 | 4.12 | 12.88 | 0 | 0 | 7.15 | 67.45 | 0.2 | 42.86 | 10.06 | 0.0 | 1.27 | 12.39 | 0.37 | 54.17 | 5.36 | 34.0 | 7.0 | 30.11 | -0.31 | 0 | 5.05 | 39.12 | 0.00 | 0 |
| 2019 (9) | 4.68 | 10.38 | 9.36 | -8.68 | 0.03 | -40.0 | 0 | 0 | 29.09 | 11.16 | 1.41 | -14.55 | 17.74 | 14.82 | 60.98 | 3.3 | 3.65 | -29.94 | 0 | 0 | 4.27 | 52.5 | 0.14 | 133.33 | 10.06 | 0.0 | 1.13 | 16.49 | 0.24 | 71.43 | 4.0 | 3.36 | 5.38 | 8.03 | -0.37 | 0 | 3.63 | 0.0 | 0.00 | 0 |
| 2018 (8) | 4.24 | 65.62 | 10.25 | 61.67 | 0.05 | 0.0 | 0 | 0 | 26.17 | 5.06 | 1.65 | -5.17 | 15.45 | 2.25 | 59.04 | -2.67 | 5.21 | 26.76 | 0 | 0 | 2.8 | 75.0 | 0.06 | 100.0 | 10.06 | 0.0 | 0.97 | 22.78 | 0.14 | 55.56 | 3.87 | 8.71 | 4.98 | 12.16 | -0.24 | 0 | 3.63 | 6.14 | 0.00 | 0 |
| 2017 (7) | 2.56 | -28.49 | 6.34 | -4.37 | 0.05 | 0.0 | 0 | 0 | 24.91 | 12.11 | 1.74 | 58.18 | 15.11 | 14.73 | 60.66 | 2.34 | 4.11 | 73.42 | 0 | 0 | 1.6 | 70.21 | 0.03 | 200.0 | 10.06 | 0.0 | 0.79 | 16.18 | 0.09 | 0 | 3.56 | 30.88 | 4.44 | 30.21 | -0.14 | 0 | 3.42 | 30.04 | 0.00 | 0 |
| 2016 (6) | 3.58 | 12.23 | 6.63 | 89.43 | 0.05 | -66.67 | 0 | 0 | 22.22 | 10.49 | 1.1 | -11.29 | 13.17 | 41.92 | 59.27 | 28.44 | 2.37 | -14.13 | 0 | 0 | 0.94 | -51.3 | 0.01 | -50.0 | 10.06 | 0.0 | 0.68 | 21.43 | 0 | 0 | 2.72 | 6.67 | 3.41 | 9.65 | -0.09 | 0 | 2.63 | -6.74 | 0.00 | 0 |
| 2015 (5) | 3.19 | -35.43 | 3.5 | -65.14 | 0.15 | -89.8 | 0 | 0 | 20.11 | 0.5 | 1.24 | -46.78 | 9.28 | -24.12 | 46.15 | -24.5 | 2.76 | 18.45 | 0 | 0 | 1.93 | 37.86 | 0.02 | 0.0 | 10.06 | 0.0 | 0.56 | 75.0 | 0 | 0 | 2.55 | -18.27 | 3.11 | -9.86 | 0.27 | 12.5 | 2.82 | -16.07 | 0.00 | 0 |
| 2014 (4) | 4.94 | 45.29 | 10.04 | 104.9 | 1.47 | -26.87 | 0 | 0 | 20.01 | 28.52 | 2.33 | 6.88 | 12.23 | 35.14 | 61.12 | 5.15 | 2.33 | 12.56 | 0 | 0 | 1.4 | -28.93 | 0.02 | 0.0 | 10.06 | 0.0 | 0.32 | 190.91 | 0 | 0 | 3.12 | 23.81 | 3.45 | 31.18 | 0.24 | 166.67 | 3.36 | 28.74 | 0.03 | -14.69 |
| 2013 (3) | 3.4 | 0 | 4.9 | 0 | 2.01 | 0 | 0 | 0 | 15.57 | 0 | 2.18 | 0 | 9.05 | 0 | 58.12 | 0 | 2.07 | 0 | 0 | 0 | 1.97 | 0 | 0.02 | 0 | 10.06 | 0 | 0.11 | 0 | 0 | 0 | 2.52 | 0 | 2.63 | 0 | 0.09 | 0 | 2.61 | 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 | |||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 21Q3 (20) | 8.32 | 35.95 | 61.55 | 8.41 | 36.08 | -4.86 | 0.12 | 0 | 0 | 0 | 0 | 0 | 6.74 | 0.6 | -24.35 | 0.23 | -39.47 | -77.23 | 15.06 | -10.89 | -15.25 | 52.53 | -4.14 | -13.98 | 6.49 | -1.52 | 65.98 | 0 | 0 | 0 | 7.68 | 2.4 | 69.91 | 0.23 | -8.0 | 53.33 | 10.06 | 0.0 | 0.0 | 1.52 | 0.0 | 19.69 | 0.31 | 0.0 | -16.22 | 4.96 | 4.86 | 11.71 | 6.79 | 3.51 | 11.68 | -0.42 | -2.44 | 8.7 | 4.54 | 5.09 | 14.07 | 0.00 | 0 | 0 |
| 21Q2 (19) | 6.12 | -15.12 | 19.53 | 6.18 | 1.48 | -31.1 | 0 | -100.0 | 0 | 0 | 0 | 0 | 6.7 | -10.9 | -1.47 | 0.38 | -51.28 | 26.67 | 16.9 | -5.43 | 6.16 | 54.80 | -5.12 | -1.59 | 6.59 | 20.92 | 38.16 | 0 | 0 | 0 | 7.5 | 1.21 | 65.93 | 0.25 | 31.58 | 56.25 | 10.06 | 0.0 | 0.0 | 1.52 | 19.69 | 19.69 | 0.31 | -16.22 | -16.22 | 4.73 | -23.09 | 37.9 | 6.56 | -15.79 | 29.39 | -0.41 | -13.89 | 25.45 | 4.32 | -25.39 | 50.0 | 0.00 | 0 | 0 |
| 21Q1 (18) | 7.21 | 37.6 | 22.0 | 6.09 | -1.14 | -38.36 | 1.0 | 0 | 0 | 0 | 0 | 0 | 7.52 | -2.46 | 31.01 | 0.78 | -15.22 | 160.0 | 17.87 | -7.89 | 8.17 | 57.76 | -13.19 | 2.58 | 5.45 | 32.28 | 19.26 | 0 | 0 | 0 | 7.41 | 3.64 | 45.87 | 0.19 | -5.0 | 46.15 | 10.06 | 0.0 | 0.0 | 1.27 | 0.0 | 12.39 | 0.37 | 0.0 | 54.17 | 6.15 | 14.74 | 43.02 | 7.79 | 11.29 | 37.15 | -0.36 | -16.13 | 25.0 | 5.79 | 14.65 | 51.57 | 0.00 | 0 | 0 |
| 20Q4 (17) | 5.24 | 1.75 | 11.97 | 6.16 | -30.32 | -34.19 | 0 | 0 | -100.0 | 0 | 0 | 0 | 7.71 | -13.47 | 0.78 | 0.92 | -8.91 | 170.59 | 19.4 | 9.17 | 9.36 | 66.53 | 8.95 | 9.13 | 4.12 | 5.37 | 12.88 | 0 | 0 | 0 | 7.15 | 58.19 | 67.45 | 0.2 | 33.33 | 42.86 | 10.06 | 0.0 | 0.0 | 1.27 | 0.0 | 12.39 | 0.37 | 0.0 | 54.17 | 5.36 | 20.72 | 34.0 | 7.0 | 15.13 | 30.11 | -0.31 | 32.61 | 16.22 | 5.05 | 26.88 | 39.12 | 0.00 | 0 | 0 |
| 20Q3 (16) | 5.15 | 0.59 | -13.01 | 8.84 | -1.45 | -25.15 | 0 | 0 | -100.0 | 0 | 0 | 0 | 8.91 | 31.03 | 6.07 | 1.01 | 236.67 | 236.67 | 17.77 | 11.62 | 6.09 | 61.07 | 9.66 | 0.84 | 3.91 | -18.03 | -8.64 | 0 | 0 | 0 | 4.52 | 0.0 | 74.52 | 0.15 | -6.25 | 0.0 | 10.06 | 0.0 | 0.0 | 1.27 | 0.0 | 12.39 | 0.37 | 0.0 | 54.17 | 4.44 | 29.45 | 20.98 | 6.08 | 19.92 | 20.63 | -0.46 | 16.36 | -58.62 | 3.98 | 38.19 | 17.75 | 0.00 | 0 | 0 |
| 20Q2 (15) | 5.12 | -13.37 | -27.27 | 8.97 | -9.21 | -21.73 | 0 | 0 | -100.0 | 0 | 0 | 0 | 6.8 | 18.47 | -9.93 | 0.3 | 0.0 | -31.82 | 15.92 | -3.63 | 3.78 | 55.68 | -1.1 | -1.45 | 4.77 | 4.38 | -3.83 | 0 | 0 | 0 | 4.52 | -11.02 | 61.43 | 0.16 | 23.08 | 6.67 | 10.06 | 0.0 | 0.0 | 1.27 | 12.39 | 12.39 | 0.37 | 54.17 | 54.17 | 3.43 | -20.23 | 1.78 | 5.07 | -10.74 | 6.96 | -0.55 | -14.58 | -292.86 | 2.88 | -24.61 | -10.84 | 0.00 | 0 | 0 |
| 20Q1 (14) | 5.91 | 26.28 | -1.01 | 9.88 | 5.56 | -11.86 | 0 | -100.0 | 0 | 0 | 0 | 0 | 5.74 | -24.97 | 4.36 | 0.3 | -11.76 | -9.09 | 16.52 | -6.88 | 16.17 | 56.31 | -7.64 | 3.98 | 4.57 | 25.21 | -3.99 | 0 | 0 | 0 | 5.08 | 18.97 | 81.43 | 0.13 | -7.14 | 116.67 | 10.06 | 0.0 | 0.0 | 1.13 | 0.0 | 16.49 | 0.24 | 0.0 | 71.43 | 4.3 | 7.5 | 2.38 | 5.68 | 5.58 | 6.97 | -0.48 | -29.73 | -269.23 | 3.82 | 5.23 | -6.14 | 0.00 | 0 | 0 |
| 19Q4 (13) | 4.68 | -20.95 | 10.38 | 9.36 | -20.75 | -8.68 | 0.03 | -25.0 | -40.0 | 0 | 0 | 0 | 7.65 | -8.93 | 23.19 | 0.34 | 13.33 | -12.82 | 17.74 | 5.91 | 14.82 | 60.96 | 0.67 | 3.3 | 3.65 | -14.72 | -29.94 | 0 | 0 | 0 | 4.27 | 64.86 | 52.5 | 0.14 | -6.67 | 133.33 | 10.06 | 0.0 | 0.0 | 1.13 | 0.0 | 16.49 | 0.24 | 0.0 | 71.43 | 4.0 | 8.99 | 3.36 | 5.38 | 6.75 | 8.03 | -0.37 | -27.59 | -54.17 | 3.63 | 7.4 | 0.0 | 0.00 | 0 | 0 |
| 19Q3 (12) | 5.92 | -15.91 | 62.64 | 11.81 | 3.05 | 56.63 | 0.04 | -20.0 | -20.0 | 0 | 0 | 0 | 8.4 | 11.26 | 6.46 | 0.3 | -31.82 | -33.33 | 16.75 | 9.19 | 14.26 | 60.56 | 7.18 | -17.51 | 4.28 | -13.71 | -13.18 | 0 | 0 | 0 | 2.59 | -7.5 | -0.38 | 0.15 | 0.0 | 114.29 | 10.06 | 0.0 | 0.0 | 1.13 | 0.0 | 16.49 | 0.24 | 0.0 | 71.43 | 3.67 | 8.9 | 5.46 | 5.04 | 6.33 | 9.8 | -0.29 | -107.14 | -3.57 | 3.38 | 4.64 | 5.62 | 0.00 | 0 | 0 |
| 19Q2 (11) | 7.04 | 17.92 | 44.86 | 11.46 | 2.23 | 73.9 | 0.05 | 0 | 0.0 | 0 | 0 | 0 | 7.55 | 37.27 | 13.36 | 0.44 | 33.33 | 25.71 | 15.34 | 7.88 | 13.04 | 56.50 | 4.34 | -49.7 | 4.96 | 4.2 | 5.53 | 0 | 0 | 0 | 2.8 | 0.0 | 33.33 | 0.15 | 150.0 | 200.0 | 10.06 | 0.0 | 0.0 | 1.13 | 16.49 | 16.49 | 0.24 | 71.43 | 71.43 | 3.37 | -19.76 | 11.22 | 4.74 | -10.73 | 14.49 | -0.14 | -7.69 | -27.27 | 3.23 | -20.64 | 10.62 | 0.00 | 0 | 0 |
| 19Q1 (10) | 5.97 | 40.8 | 61.35 | 11.21 | 9.37 | 84.07 | 0 | -100.0 | -100.0 | 0 | 0 | 0 | 5.5 | -11.43 | 1.48 | 0.33 | -15.38 | -28.26 | 14.22 | -7.96 | 0.92 | 54.15 | -8.24 | -79.17 | 4.76 | -8.64 | 4.16 | 0 | 0 | 0 | 2.8 | 0.0 | 0.0 | 0.06 | 0.0 | 20.0 | 10.06 | 0.0 | 0.0 | 0.97 | 0.0 | 22.78 | 0.14 | 0.0 | 55.56 | 4.2 | 8.53 | 4.74 | 5.31 | 6.63 | 8.59 | -0.13 | 45.83 | -85.71 | 4.07 | 12.12 | 3.3 | 0.00 | 0 | 0 |
| 18Q4 (9) | 4.24 | 16.48 | 0 | 10.25 | 35.94 | 0 | 0.05 | 0.0 | 0 | 0 | 0 | 0 | 6.21 | -21.29 | 0 | 0.39 | -13.33 | 0 | 15.45 | 5.39 | 0 | 59.01 | -19.61 | 0 | 5.21 | 5.68 | 0 | 0 | 0 | 0 | 2.8 | 7.69 | 0 | 0.06 | -14.29 | 0 | 10.06 | 0.0 | 0 | 0.97 | 0.0 | 0 | 0.14 | 0.0 | 0 | 3.87 | 11.21 | 0 | 4.98 | 8.5 | 0 | -0.24 | 14.29 | 0 | 3.63 | 13.44 | 0 | 0.00 | 0 | 0 |
| 18Q3 (8) | 3.64 | -25.1 | 0 | 7.54 | 14.42 | 0 | 0.05 | 0.0 | 0 | 0 | 0 | 0 | 7.89 | 18.47 | 0 | 0.45 | 28.57 | 0 | 14.66 | 8.03 | 0 | 73.41 | -34.65 | 0 | 4.93 | 4.89 | 0 | 0 | 0 | 0 | 2.6 | 23.81 | 0 | 0.07 | 40.0 | 0 | 10.06 | 0.0 | 0 | 0.97 | 0.0 | 0 | 0.14 | 0.0 | 0 | 3.48 | 14.85 | 0 | 4.59 | 10.87 | 0 | -0.28 | -154.55 | 0 | 3.2 | 9.59 | 0 | 0.00 | 0 | 0 |
| 18Q2 (7) | 4.86 | 31.35 | 0 | 6.59 | 8.21 | 0 | 0.05 | 0.0 | 0 | 0 | 0 | 0 | 6.66 | 22.88 | 0 | 0.35 | -23.91 | 0 | 13.57 | -3.69 | 0 | 112.33 | -56.79 | 0 | 4.7 | 2.84 | 0 | 0 | 0 | 0 | 2.1 | -25.0 | 0 | 0.05 | 0.0 | 0 | 10.06 | 0.0 | 0 | 0.97 | 22.78 | 0 | 0.14 | 55.56 | 0 | 3.03 | -24.44 | 0 | 4.14 | -15.34 | 0 | -0.11 | -57.14 | 0 | 2.92 | -25.89 | 0 | 0.00 | 0 | 0 |
| 18Q1 (6) | 3.7 | 0 | 0 | 6.09 | 0 | 0 | 0.05 | 0 | 0 | 0 | 0 | 0 | 5.42 | 0 | 0 | 0.46 | 0 | 0 | 14.09 | 0 | 0 | 259.96 | 0 | 0 | 4.57 | 0 | 0 | 0 | 0 | 0 | 2.8 | 0 | 0 | 0.05 | 0 | 0 | 10.06 | 0 | 0 | 0.79 | 0 | 0 | 0.09 | 0 | 0 | 4.01 | 0 | 0 | 4.89 | 0 | 0 | -0.07 | 0 | 0 | 3.94 | 0 | 0 | 0.00 | 0 | 0 |
