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) | 37.38 | -8.61 | 0 | 0 | 0 | 0 | 0 | 0 | 90.55 | -18.09 | -3.1 | 0 | 24.7 | -28.55 | 27.28 | -12.77 | 13.03 | -21.17 | 7.48 | 180.15 | 0 | 0 | 1.12 | 700.0 | 51.94 | 1.5 | 1.86 | 1.64 | 1.15 | 0.0 | -3.09 | 0 | -0.08 | 0 | -4.12 | 0 | -7.21 | 0 | 0.03 | 30863.57 |
| 2018 (9) | 40.9 | -7.53 | 0 | 0 | 3.14 | 0 | 0 | 0 | 110.55 | -8.17 | 0.49 | -62.02 | 34.57 | 5.33 | 31.27 | 14.71 | 16.53 | 2.16 | 2.67 | 57.99 | 0 | 0 | 0.14 | -6.67 | 51.17 | -0.14 | 1.83 | 7.65 | 1.15 | 0 | 0.33 | -74.22 | 3.31 | 11.07 | -2.08 | 0 | -1.75 | 0 | 0.00 | 0 |
| 2017 (8) | 44.23 | 9.08 | 0 | 0 | 0 | 0 | 0 | 0 | 120.39 | -12.69 | 1.29 | 0 | 32.82 | -24.74 | 27.26 | -13.8 | 16.18 | -26.52 | 1.69 | -2.87 | 3.07 | 0 | 0.15 | -6.25 | 51.24 | -8.87 | 1.7 | -50.29 | 0 | 0 | 1.28 | 0 | 2.98 | 75.29 | -2.61 | 0 | -1.33 | 0 | 0.00 | 0 |
| 2016 (7) | 40.55 | -22.61 | 0 | 0 | 19.31 | 126.91 | 0 | 0 | 137.89 | -3.11 | -7.28 | 0 | 43.61 | -11.49 | 31.63 | -8.65 | 22.02 | -26.7 | 1.74 | -28.1 | 0 | 0 | 0.16 | -5.88 | 56.23 | -6.69 | 3.42 | 8.92 | 0 | 0 | -1.72 | 0 | 1.7 | -85.14 | 0.89 | -53.65 | -0.83 | 0 | 0.00 | 0 |
| 2015 (6) | 52.4 | -2.91 | 0 | 0 | 8.51 | 85000.0 | 0 | 0 | 142.31 | -1.97 | 2.75 | -56.35 | 49.27 | -4.03 | 34.62 | -2.1 | 30.04 | 6.34 | 2.42 | 3.86 | 28.34 | -22.19 | 0.17 | -5.56 | 60.26 | -3.27 | 3.14 | 25.1 | 0 | 0 | 8.3 | -28.82 | 11.44 | -20.33 | 1.92 | 772.73 | 10.22 | -13.97 | 0.00 | 0 |
| 2014 (5) | 53.97 | 8.94 | 9.25 | -13.39 | 0.01 | -99.96 | 0 | 0 | 145.17 | 5.56 | 6.3 | -35.71 | 51.34 | 9.68 | 35.37 | 3.9 | 28.25 | 35.95 | 2.33 | -4.51 | 36.42 | 44.29 | 0.18 | -10.0 | 62.3 | 16.95 | 2.51 | 64.05 | 0.18 | -48.57 | 11.66 | -9.19 | 14.36 | -2.45 | 0.22 | 0 | 11.88 | 8.39 | 0.00 | -18.77 |
| 2013 (4) | 49.54 | 0 | 10.68 | 0 | 25.54 | 0 | 0 | 0 | 137.52 | 0 | 9.8 | 0 | 46.81 | 0 | 34.04 | 0 | 20.78 | 0 | 2.44 | 0 | 25.24 | 0 | 0.2 | 0 | 53.27 | 0 | 1.53 | 0 | 0.35 | 0 | 12.84 | 0 | 14.72 | 0 | -1.88 | 0 | 10.96 | 0 | 0.00 | 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) | 36.32 | -1.3 | 5.49 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 28.41 | 33.32 | 17.88 | -2.06 | -87.27 | -110.2 | 30.83 | 32.83 | 0.13 | 35.30 | 26.28 | 7.69 | 12.16 | -6.96 | -22.15 | 7.28 | 9.97 | 55.22 | 0 | 0 | 0 | 0.92 | -7.07 | -22.69 | 51.49 | -0.02 | -0.87 | 0 | 0 | -100.0 | 0 | 0 | -100.0 | -4.91 | -72.28 | -1327.5 | -4.91 | -72.28 | -243.99 | -4.69 | -2.85 | -31.01 | -9.6 | -29.55 | -201.89 | 0.02 | -4.02 | -14.5 |
| 20Q2 (19) | 36.8 | -2.08 | 12.68 | 0 | 0 | 0 | 0 | 0 | -100.0 | 0 | 0 | 0 | 21.31 | 26.92 | -11.06 | -1.1 | 37.14 | -523.08 | 23.21 | 16.4 | -26.85 | 27.96 | 20.11 | -11.99 | 13.07 | -6.38 | -24.89 | 6.62 | -2.65 | 53.95 | 0 | 0 | -100.0 | 0.99 | -5.71 | -1.98 | 51.5 | -0.85 | -0.85 | 0 | -100.0 | -100.0 | 0 | -100.0 | -100.0 | -2.85 | 41.12 | -305.04 | -2.85 | -55.74 | -164.77 | -4.56 | -14.86 | -43.85 | -7.41 | 15.89 | -316.29 | 0.03 | -3.5 | 69.77 |
| 20Q1 (18) | 37.58 | 0.54 | -2.26 | 0 | 0 | -100.0 | 0 | 0 | 0 | 0 | 0 | 0 | 16.79 | -19.36 | -22.56 | -1.75 | 50.0 | -254.87 | 19.94 | -19.27 | -32.82 | 23.28 | -14.66 | -17.07 | 13.96 | 7.14 | -22.19 | 6.8 | -9.09 | 204.93 | 0 | 0 | 0 | 1.05 | -6.25 | -2.78 | 51.94 | 0.0 | -0.15 | 1.86 | 0.0 | 1.64 | 1.15 | 0.0 | 0.0 | -4.84 | -56.63 | -433.79 | -1.83 | -2187.5 | -141.31 | -3.97 | 3.64 | -21.78 | -8.81 | -22.19 | -386.74 | 0.03 | -2.1 | 71.22 |
| 19Q4 (17) | 37.38 | 8.57 | -8.61 | 0 | 0 | 0 | 0 | 0 | -100.0 | 0 | 0 | 0 | 20.82 | -13.61 | -13.9 | -3.5 | -257.14 | -386.11 | 24.7 | -19.78 | -28.55 | 27.27 | -16.8 | -12.78 | 13.03 | -16.58 | -21.17 | 7.48 | 59.49 | 180.15 | 0 | 0 | 0 | 1.12 | -5.88 | 700.0 | 51.94 | 0.0 | 1.5 | 1.86 | 0.0 | 1.64 | 1.15 | 0.0 | 0.0 | -3.09 | -872.5 | -1036.36 | -0.08 | -102.35 | -102.42 | -4.12 | -15.08 | -98.08 | -7.21 | -126.73 | -312.0 | 0.03 | -5.71 | 30863.57 |
| 19Q3 (16) | 34.43 | 5.42 | -6.44 | 0 | 0 | 0 | 0 | -100.0 | -100.0 | 0 | 0 | 0 | 24.1 | 0.58 | -19.85 | -0.98 | -476.92 | -189.09 | 30.79 | -2.96 | -18.18 | 32.78 | 3.21 | -1.25 | 15.62 | -10.23 | -8.76 | 4.69 | 9.07 | 152.15 | 0 | -100.0 | 0 | 1.19 | 17.82 | 750.0 | 51.94 | 0.0 | 1.5 | 1.86 | 0.0 | 1.64 | 1.15 | 0.0 | 0.0 | 0.4 | -71.22 | -60.0 | 3.41 | -22.5 | -14.54 | -3.58 | -12.93 | -44.94 | -3.18 | -78.65 | -116.33 | 0.03 | 90.58 | 32823.26 |
| 19Q2 (15) | 32.66 | -15.06 | -24.9 | 0 | -100.0 | 0 | 0.02 | 0 | -99.36 | 0 | 0 | 0 | 23.96 | 10.52 | -19.65 | 0.26 | -76.99 | -48.0 | 31.73 | 6.91 | -11.1 | 31.76 | 13.18 | 2.31 | 17.4 | -3.01 | 4.69 | 4.3 | 92.83 | 140.22 | 0.24 | 0 | 0 | 1.01 | -6.48 | 573.33 | 51.94 | -0.15 | 1.5 | 1.86 | 1.64 | 1.64 | 1.15 | 0.0 | 0.0 | 1.39 | -4.14 | 1644.44 | 4.4 | -0.68 | 52.25 | -3.17 | 2.76 | -220.2 | -1.78 | 1.66 | -64.81 | 0.02 | -2.67 | 0 |
| 19Q1 (14) | 38.45 | -5.99 | -14.93 | 0.27 | 0 | 0 | 0 | -100.0 | -100.0 | 0 | 0 | 0 | 21.68 | -10.34 | -18.13 | 1.13 | 256.94 | 397.37 | 29.68 | -14.15 | -4.07 | 28.07 | -10.25 | 4.74 | 17.94 | 8.53 | 11.36 | 2.23 | -16.48 | 29.65 | 0 | 0 | 0 | 1.08 | 671.43 | 620.0 | 52.02 | 1.66 | 1.52 | 1.83 | 0.0 | 7.65 | 1.15 | 0.0 | 0 | 1.45 | 339.39 | 62.92 | 4.43 | 33.84 | 70.38 | -3.26 | -56.73 | -55.24 | -1.81 | -3.43 | -49.59 | 0.02 | 17604.19 | 0 |
| 18Q4 (13) | 40.9 | 11.14 | 0 | 0 | 0 | 0 | 3.14 | 0.32 | 0 | 0 | 0 | 0 | 24.18 | -19.59 | -10.38 | -0.72 | -165.45 | -284.62 | 34.57 | -8.13 | 0 | 31.27 | -5.8 | 0 | 16.53 | -3.45 | 0 | 2.67 | 43.55 | 0 | 0 | 0 | 0 | 0.14 | 0.0 | 0 | 51.17 | 0.0 | -0.14 | 1.83 | 0.0 | 0 | 1.15 | 0.0 | 0 | 0.33 | -67.0 | 0 | 3.31 | -17.04 | 11.07 | -2.08 | 15.79 | 0 | -1.75 | -19.05 | 0 | 0.00 | 0.26 | 0 |
| 18Q3 (12) | 36.8 | -15.38 | 0 | 0 | 0 | 0 | 3.13 | 0.64 | 0 | 0 | 0 | 0 | 30.07 | 0.84 | -5.05 | 1.1 | 120.0 | 161.9 | 37.63 | 5.44 | 0 | 33.20 | 6.92 | 0 | 17.12 | 3.01 | 0 | 1.86 | 3.91 | 0 | 0 | 0 | 0 | 0.14 | -6.67 | 0 | 51.17 | 0.0 | -0.16 | 1.83 | 0.0 | 0 | 1.15 | 0.0 | 0 | 1.0 | 1211.11 | 0 | 3.99 | 38.06 | 52.87 | -2.47 | -149.49 | 0 | -1.47 | -36.11 | 0 | 0.00 | 0 | 0 |
| 18Q2 (11) | 43.49 | -3.78 | 0 | 0 | 0 | 0 | 3.11 | 0.65 | 0 | 0 | 0 | 0 | 29.82 | 12.61 | -1.71 | 0.5 | 231.58 | 2.04 | 35.69 | 15.35 | 0 | 31.05 | 15.87 | 0 | 16.62 | 3.17 | 0 | 1.79 | 4.07 | 0 | 0 | 0 | 0 | 0.15 | 0.0 | 0 | 51.17 | -0.14 | -0.12 | 1.83 | 7.65 | 0 | 1.15 | 0 | 0 | -0.09 | -110.11 | 0 | 2.89 | 11.15 | 31.36 | -0.99 | 52.86 | 0 | -1.08 | 10.74 | 0 | 0.00 | 0 | 0 |
| 18Q1 (10) | 45.2 | 0 | 0 | 0 | 0 | 0 | 3.09 | 0 | 0 | 0 | 0 | 0 | 26.48 | -1.85 | -15.7 | -0.38 | -197.44 | 0 | 30.94 | 0 | 0 | 26.79 | 0 | 0 | 16.11 | 0 | 0 | 1.72 | 0 | 0 | 0 | 0 | 0 | 0.15 | 0 | 0 | 51.24 | 0.0 | -6.33 | 1.7 | 0 | 0 | 0 | 0 | 0 | 0.89 | 0 | 0 | 2.6 | -12.75 | 52.94 | -2.1 | 0 | 0 | -1.21 | 0 | 0 | 0.00 | 0 | 0 |
| 17Q4 (9) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 26.98 | -14.81 | -19.05 | 0.39 | -7.14 | 107.03 | 0 | 0 | 0 | 0.00 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 51.24 | -0.02 | -8.87 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2.98 | 14.18 | 75.29 | 0 | 0 | 0 | 0 | 0 | 0 | 0.00 | 0 | 0 |
| 17Q3 (8) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 31.67 | 4.38 | -8.6 | 0.42 | -14.29 | 231.25 | 0 | 0 | 0 | 0.00 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 51.25 | 0.04 | -8.89 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2.61 | 18.64 | -63.9 | 0 | 0 | 0 | 0 | 0 | 0 | 0.00 | 0 | 0 |
| 17Q2 (7) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 30.34 | -3.41 | -15.72 | 0.49 | 0 | 139.84 | 0 | 0 | 0 | 0.00 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 51.23 | -6.34 | -12.07 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2.2 | 29.41 | -70.9 | 0 | 0 | 0 | 0 | 0 | 0 | 0.00 | 0 | 0 |
| 17Q1 (6) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 31.41 | -5.76 | -7.35 | 0 | 100.0 | 0 | 0 | 0 | 0 | 0.00 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 54.7 | -2.72 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1.7 | 0.0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.00 | 0 | 0 |
| 16Q4 (5) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 33.33 | -3.81 | -7.7 | -5.55 | -1634.38 | 0 | 0 | 0 | 0 | 0.00 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 56.23 | -0.04 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1.7 | -76.49 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.00 | 0 | 0 |
| 16Q3 (4) | 0 | 0 | 0.0 | 0 | 0 | 0.0 | 0 | 0 | 0.0 | 0 | 0 | 0.0 | 34.65 | -3.75 | 0.0 | -0.32 | 73.98 | 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 | 56.25 | -3.45 | 0.0 | 0 | 0 | 0.0 | 0 | 0 | 0.0 | 0 | 0 | 0.0 | 7.23 | -4.37 | 0.0 | 0 | 0 | 0.0 | 0 | 0 | 0.0 | 0.00 | 0 | 0.0 |
