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 | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 (10) | 21.53 | 74.05 | 10.04 | 4.04 | 10.28 | -16.49 | 0 | 0 | 74.74 | -3.92 | 7.55 | 24.18 | 10.55 | 3.33 | 14.12 | 7.55 | 59.94 | -3.96 | 0 | 0 | 42.61 | -27.71 | 0.08 | -42.86 | 23.78 | 10.97 | 9.77 | 6.66 | 0.09 | -10.0 | 39.95 | 7.25 | 49.81 | 7.1 | -0.08 | 0 | 39.87 | 7.29 | 0.00 | 0 |
| 2023 (9) | 12.37 | 40.89 | 9.65 | -27.28 | 12.31 | 207.75 | 0 | 0 | 77.79 | 21.51 | 6.08 | 4.29 | 10.21 | 23.46 | 13.13 | 1.6 | 62.41 | -2.68 | 0 | 0 | 58.94 | -12.27 | 0.14 | -26.32 | 21.43 | -1.83 | 9.16 | 6.76 | 0.1 | -16.67 | 37.25 | -1.46 | 46.51 | 0.02 | -0.09 | 0 | 37.16 | -1.43 | 0.00 | 0 |
| 2022 (8) | 8.78 | -22.64 | 13.27 | 146.2 | 4.0 | -1.96 | 0 | 0 | 64.02 | -14.5 | 5.83 | 71.47 | 8.27 | -5.49 | 12.92 | 10.55 | 64.13 | 28.98 | 0 | 0 | 67.18 | 1.33 | 0.19 | -38.71 | 21.83 | 9.81 | 8.58 | 4.13 | 0.12 | 1100.0 | 37.8 | 6.84 | 46.5 | 6.58 | -0.1 | 0 | 37.7 | 6.92 | 0.00 | 0 |
| 2021 (7) | 11.35 | 47.21 | 5.39 | -43.02 | 4.08 | -48.35 | 0 | 0 | 74.88 | 37.6 | 3.4 | 53.15 | 8.75 | 10.06 | 11.69 | -20.01 | 49.72 | -1.97 | 0 | 0 | 66.3 | 7.75 | 0.31 | -3.12 | 19.88 | 0.0 | 8.24 | 2.87 | 0.01 | -85.71 | 35.38 | -1.86 | 43.63 | -1.13 | -0.12 | 0 | 35.26 | -2.16 | 0.00 | 0 |
| 2020 (6) | 7.71 | -32.55 | 9.46 | -36.68 | 7.9 | 1875.0 | 0 | 0 | 54.42 | -7.64 | 2.22 | -64.37 | 7.95 | 14.06 | 14.61 | 23.49 | 50.72 | 1.72 | 0 | 0 | 61.53 | -6.32 | 0.32 | 18.52 | 19.88 | 0.0 | 8.01 | 8.39 | 0.07 | 250.0 | 36.05 | -6.1 | 44.13 | -3.65 | -0.01 | 0 | 36.04 | -5.95 | 0.00 | 0 |
| 2019 (5) | 11.43 | -36.82 | 14.94 | 245.03 | 0.4 | -45.95 | 0 | 0 | 58.92 | -10.55 | 6.23 | -48.26 | 6.97 | -25.21 | 11.83 | -16.39 | 49.86 | 11.12 | 0 | 0 | 65.68 | -8.27 | 0.27 | -28.95 | 19.88 | 0.0 | 7.39 | 19.39 | 0.02 | 0.0 | 38.39 | -2.09 | 45.8 | 0.86 | -0.07 | 0 | 38.32 | -2.22 | 0.00 | 0 |
| 2018 (4) | 18.09 | -31.4 | 4.33 | -53.74 | 0.74 | 76.19 | 0 | 0 | 65.87 | -10.88 | 12.04 | 4.88 | 9.32 | -1.79 | 14.15 | 10.2 | 44.87 | 21.04 | 0 | 0 | 71.6 | 10.99 | 0.38 | 31.03 | 19.88 | 0.0 | 6.19 | 22.82 | 0.02 | -60.0 | 39.21 | 13.95 | 45.41 | 14.96 | -0.02 | 0 | 39.19 | 13.96 | 0.00 | 0 |
| 2017 (3) | 26.37 | 33.65 | 9.36 | 36.05 | 0.42 | -34.38 | 0 | 0 | 73.91 | -4.06 | 11.48 | -28.38 | 9.49 | -13.17 | 12.84 | -9.5 | 37.07 | 21.66 | 0 | 0 | 64.51 | 22.9 | 0.29 | 163.64 | 19.88 | 0.0 | 5.04 | 46.94 | 0.05 | 0 | 34.41 | 12.6 | 39.5 | 16.21 | -0.02 | 0 | 34.39 | 12.72 | 0.00 | -25.67 |
| 2016 (2) | 19.73 | 0 | 6.88 | 0 | 0.64 | 0 | 0 | 0 | 77.04 | 0 | 16.03 | 0 | 10.93 | 0 | 14.19 | 0 | 30.47 | 0 | 0 | 0 | 52.49 | 0 | 0.11 | 0 | 19.88 | 0 | 3.43 | 0 | 0 | 0 | 30.56 | 0 | 33.99 | 0 | -0.05 | 0 | 30.51 | 0 | 0.01 | 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 | |||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 24Q4 (20) | 21.53 | 22.96 | 74.05 | 10.04 | 106.58 | 4.04 | 10.28 | 22.82 | -16.49 | 0 | 0 | 0 | 19.28 | 12.22 | -12.6 | 1.53 | -19.05 | -1.92 | 10.55 | 6.67 | 3.33 | 14.12 | 10.64 | 7.56 | 59.94 | 2.11 | -3.96 | 0 | 0 | 0 | 42.61 | -6.45 | -27.71 | 0.08 | -20.0 | -42.86 | 23.78 | 0.0 | 10.97 | 9.77 | 0.0 | 6.66 | 0.09 | 0.0 | -10.0 | 39.95 | 4.06 | 7.25 | 49.81 | 3.23 | 7.1 | -0.08 | -14.29 | 11.11 | 39.87 | 4.04 | 7.29 | 0.00 | 0 | 0 |
| 24Q3 (19) | 17.51 | -12.19 | 128.29 | 4.86 | 13.82 | -65.89 | 8.37 | 33.28 | -24.73 | 0 | 0 | 0 | 17.18 | -8.28 | -7.58 | 1.89 | 15.24 | 25.17 | 9.89 | -5.27 | -6.17 | 12.76 | -3.54 | -13.32 | 58.7 | 2.34 | -10.94 | 0 | 0 | 0 | 45.55 | -7.1 | -21.22 | 0.1 | -16.67 | -33.33 | 23.78 | 0.0 | 10.97 | 9.77 | 0.0 | 6.66 | 0.09 | 0.0 | -10.0 | 38.39 | 5.18 | 7.54 | 48.25 | 4.08 | 7.32 | -0.07 | 12.5 | 22.22 | 38.32 | 5.22 | 7.61 | 0.00 | 0 | 0 |
| 24Q2 (18) | 19.94 | 19.19 | 87.94 | 4.27 | -41.18 | -62.71 | 6.28 | -31.29 | -57.48 | 0 | 0 | 0 | 18.73 | -4.15 | -2.65 | 1.64 | -34.14 | -3.53 | 10.44 | 0.1 | 4.4 | 13.23 | 0.74 | -10.36 | 57.36 | -2.61 | -12.71 | 0 | 0 | 0 | 49.03 | -17.83 | -14.37 | 0.12 | 9.09 | -29.41 | 23.78 | 10.97 | 8.93 | 9.77 | 6.66 | 6.66 | 0.09 | -10.0 | -10.0 | 36.5 | 2.93 | 1.16 | 46.36 | 3.67 | 2.23 | -0.08 | 0.0 | 11.11 | 36.42 | 2.94 | 1.19 | 0.00 | 0 | 0 |
| 24Q1 (17) | 16.73 | 35.25 | 71.06 | 7.26 | -24.77 | -52.42 | 9.14 | -25.75 | 43.94 | 0 | 0 | 0 | 19.54 | -11.42 | 9.16 | 2.49 | 59.62 | 90.08 | 10.43 | 2.15 | -0.57 | 13.13 | 0.05 | 2.54 | 58.9 | -5.62 | -9.99 | 0 | 0 | 0 | 59.67 | 1.24 | -7.42 | 0.11 | -21.43 | -45.0 | 21.43 | 0.0 | -1.83 | 9.16 | 0.0 | 6.76 | 0.1 | 0.0 | -16.67 | 35.46 | -4.81 | -9.36 | 44.72 | -3.85 | -6.48 | -0.08 | 11.11 | 20.0 | 35.38 | -4.79 | -9.33 | 0.00 | 0 | 0 |
| 23Q4 (16) | 12.37 | 61.28 | 40.89 | 9.65 | -32.28 | -27.28 | 12.31 | 10.7 | 207.75 | 0 | 0 | 0 | 22.06 | 18.67 | 39.0 | 1.56 | 3.31 | 372.73 | 10.21 | -3.13 | 23.46 | 13.13 | -10.84 | 1.6 | 62.41 | -5.31 | -2.68 | 0 | 0 | 0 | 58.94 | 1.94 | -12.27 | 0.14 | -6.67 | -26.32 | 21.43 | 0.0 | -1.83 | 9.16 | 0.0 | 6.76 | 0.1 | 0.0 | -16.67 | 37.25 | 4.34 | -1.46 | 46.51 | 3.45 | 0.02 | -0.09 | 0.0 | 10.0 | 37.16 | 4.35 | -1.43 | 0.00 | 0 | 0 |
| 23Q3 (15) | 7.67 | -27.71 | 57.49 | 14.25 | 24.45 | 70.05 | 11.12 | -24.71 | 310.33 | 0 | 0 | 0 | 18.59 | -3.38 | 26.03 | 1.51 | -11.18 | -28.77 | 10.54 | 5.4 | 15.19 | 14.72 | -0.25 | -22.54 | 65.91 | 0.3 | 9.96 | 0 | 0 | 0 | 57.82 | 0.98 | -16.0 | 0.15 | -11.76 | -31.82 | 21.43 | -1.83 | -1.83 | 9.16 | 0.0 | 6.76 | 0.1 | 0.0 | -16.67 | 35.7 | -1.05 | -4.67 | 44.96 | -0.86 | -2.56 | -0.09 | 0.0 | 25.0 | 35.61 | -1.06 | -4.61 | 0.00 | 0 | 0 |
| 23Q2 (14) | 10.61 | 8.49 | -13.46 | 11.45 | -24.97 | 13.82 | 14.77 | 132.6 | 768.82 | 0 | 0 | 0 | 19.24 | 7.49 | -42.4 | 1.7 | 29.77 | -49.7 | 10.0 | -4.67 | 27.39 | 14.76 | 15.25 | -37.21 | 65.71 | 0.41 | 18.48 | 0 | 0 | 0 | 57.26 | -11.16 | -16.09 | 0.17 | -15.0 | -32.0 | 21.83 | 0.0 | 0.0 | 9.16 | 6.76 | 6.76 | 0.1 | -16.67 | -16.67 | 36.08 | -7.77 | 2.12 | 45.35 | -5.17 | 3.0 | -0.09 | 10.0 | 25.0 | 35.99 | -7.77 | 2.22 | 0.00 | 0 | 0 |
| 23Q1 (13) | 9.78 | 11.39 | 0 | 15.26 | 15.0 | 0 | 6.35 | 58.75 | 0 | 0 | 0 | 0 | 17.9 | 12.79 | 0 | 1.31 | 296.97 | 0 | 10.49 | 26.84 | 0 | 12.81 | -0.87 | 0 | 65.44 | 2.04 | 0 | 0 | 0 | 0 | 64.45 | -4.06 | 0 | 0.2 | 5.26 | 0 | 21.83 | 0.0 | 0 | 8.58 | 0.0 | 0 | 0.12 | 0.0 | 0 | 39.12 | 3.49 | 0 | 47.82 | 2.84 | 0 | -0.1 | 0.0 | 0 | 39.02 | 3.5 | 0 | 0.00 | 0 | 0 |
| 22Q4 (12) | 8.78 | 80.29 | 0 | 13.27 | 58.35 | 0 | 4.0 | 47.6 | 0 | 0 | 0 | 0 | 15.87 | 7.59 | 0 | 0.33 | -84.43 | 0 | 8.27 | -9.62 | 0 | 12.92 | -32.02 | 0 | 64.13 | 6.99 | 0 | 0 | 0 | 0 | 67.18 | -2.4 | 0 | 0.19 | -13.64 | 0 | 21.83 | 0.0 | 0 | 8.58 | 0.0 | 0 | 0.12 | 0.0 | 0 | 37.8 | 0.93 | 0 | 46.5 | 0.78 | 0 | -0.1 | 16.67 | 0 | 37.7 | 0.99 | 0 | 0.00 | 0 | 0 |
| 22Q3 (11) | 4.87 | -60.28 | 0 | 8.38 | -16.7 | 0 | 2.71 | 59.41 | 0 | 0 | 0 | 0 | 14.75 | -55.84 | 0 | 2.12 | -37.28 | 0 | 9.15 | 16.56 | 0 | 19.00 | -19.15 | 0 | 59.94 | 8.08 | 0 | 0 | 0 | 0 | 68.83 | 0.86 | 0 | 0.22 | -12.0 | 0 | 21.83 | 0.0 | 0 | 8.58 | 0.0 | 0 | 0.12 | 0.0 | 0 | 37.45 | 6.0 | 0 | 46.14 | 4.79 | 0 | -0.12 | 0.0 | 0 | 37.33 | 6.02 | 0 | 0.00 | 0 | 0 |
| 22Q2 (10) | 12.26 | 0 | 0 | 10.06 | 0 | 0 | 1.7 | 0 | 0 | 0 | 0 | 0 | 33.4 | 0 | 0 | 3.38 | 0 | 0 | 7.85 | 0 | 0 | 23.50 | 0 | 0 | 55.46 | 0 | 0 | 0 | 0 | 0 | 68.24 | 0 | 0 | 0.25 | 0 | 0 | 21.83 | 0 | 0 | 8.58 | 0 | 0 | 0.12 | 0 | 0 | 35.33 | 0 | 0 | 44.03 | 0 | 0 | -0.12 | 0 | 0 | 35.21 | 0 | 0 | 0.00 | 0 | 0 |
