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) | 3.6 | 11.8 | 8.55 | 21.45 | 1.18 | 1.72 | 0 | 0 | 62.35 | 2.92 | -0.77 | 0 | 17.98 | 35.9 | 28.84 | 32.05 | 1.13 | -34.3 | 0.08 | -61.9 | 2.32 | 31.07 | 0.89 | -8.25 | 4.73 | 0.0 | 0.18 | 0 | 1.81 | 7.1 | -0.03 | 0 | 1.96 | -43.68 | -3.0 | 0 | -3.03 | 0 | 0.00 | 0 |
| 2019 (9) | 3.22 | 31.97 | 7.04 | -12.0 | 1.16 | 1.75 | 0 | 0 | 60.58 | 1.07 | 1.79 | 0 | 13.23 | 8.27 | 21.84 | 7.12 | 1.72 | 31.3 | 0.21 | 0 | 1.77 | 20.41 | 0.97 | -1.02 | 4.73 | 0.0 | 0 | 0 | 1.69 | 0.0 | 1.79 | 0 | 3.48 | 0 | -3.16 | 0 | -1.37 | 0 | 0.00 | 0 |
| 2018 (8) | 2.44 | -48.09 | 8.0 | 32.01 | 1.14 | -28.3 | 0 | 0 | 59.94 | -4.89 | -7.28 | 0 | 12.22 | 18.41 | 20.39 | 24.5 | 1.31 | -2.24 | 0 | 0 | 1.47 | -44.94 | 0.98 | 6.52 | 4.73 | 0.0 | 0.38 | 52.0 | 1.69 | 74.23 | -7.2 | 0 | -5.13 | 0 | -3.04 | 0 | -10.24 | 0 | 0.00 | 0 |
| 2017 (7) | 4.7 | 60.96 | 6.06 | 33.77 | 1.59 | 13.57 | 0 | 0 | 63.02 | 10.04 | 1.25 | -37.5 | 10.32 | -20.86 | 16.38 | -28.08 | 1.34 | -2.9 | 0 | 0 | 2.67 | -23.05 | 0.92 | 12.2 | 4.73 | 0.0 | 0.25 | 400.0 | 0.97 | 34.72 | 1.3 | -35.96 | 2.53 | -9.64 | -3.2 | 0 | -1.9 | 0 | 0.00 | 0 |
| 2016 (6) | 2.92 | -39.67 | 4.53 | 0 | 1.4 | 145.61 | 0 | 0 | 57.27 | 53.66 | 2.0 | 277.36 | 13.04 | 100.0 | 22.77 | 30.16 | 1.38 | 9.52 | 0 | 0 | 3.47 | 111.59 | 0.82 | 95.24 | 4.73 | 11.03 | 0.05 | 0 | 0.72 | 0 | 2.03 | 63.71 | 2.8 | 125.81 | -2.54 | 0 | -0.51 | 0 | 0.00 | 0 |
| 2015 (5) | 4.84 | -15.24 | 0 | 0 | 0.57 | 42.5 | 0 | 0 | 37.27 | 2.19 | 0.53 | 89.29 | 6.52 | 163.97 | 17.49 | 158.3 | 1.26 | -8.03 | 0 | 0 | 1.64 | 368.57 | 0.42 | 147.06 | 4.26 | 0.0 | 0 | 0 | 0 | 0 | 1.24 | 72.22 | 1.24 | 72.22 | -2.3 | 0 | -1.06 | 0 | 0.00 | 0 |
| 2014 (4) | 5.71 | -13.35 | 0 | 0 | 0.4 | 2.56 | 0 | 0 | 36.47 | -7.69 | 0.28 | 0 | 2.47 | -10.18 | 6.77 | -2.69 | 1.37 | -13.84 | 0 | 0 | 0.35 | -16.67 | 0.17 | 13.33 | 4.26 | 0.0 | 0 | 0 | 0 | 0 | 0.72 | 67.44 | 0.72 | 67.44 | -2.5 | 0 | -1.78 | 0 | 0.00 | 0 |
| 2013 (3) | 6.59 | -12.95 | 0 | 0 | 0.39 | -9.3 | 0 | 0 | 39.51 | -19.99 | 0 | 0 | 2.75 | -6.46 | 6.96 | 16.9 | 1.59 | -5.92 | 0 | 0 | 0.42 | -88.98 | 0.15 | -25.0 | 4.26 | 9.79 | 0 | 0 | 0 | 0 | 0.43 | 0.0 | 0.43 | 0.0 | -2.17 | 0 | -1.74 | 0 | 0.00 | 0 |
| 2012 (2) | 7.57 | 0 | 0.07 | 0 | 0.43 | 0 | 0.4 | 0 | 49.38 | 0 | 0.58 | 0 | 2.94 | 0 | 5.95 | 0 | 1.69 | 0 | 0 | 0 | 3.81 | 0 | 0.2 | 0 | 3.88 | 0 | 0 | 0 | 0 | 0 | 0.43 | 0 | 0.43 | 0 | -0.93 | 0 | -0.5 | 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 | |||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 21Q1 (20) | 3.89 | 8.06 | 16.12 | 5.86 | -31.46 | 14.01 | 1.13 | -4.24 | 10.78 | 0 | 0 | 0 | 19.09 | -13.85 | -3.24 | 0.17 | -82.47 | -81.32 | 7.31 | -59.34 | -4.82 | 11.85 | -58.92 | 1.18 | 0.22 | -80.53 | -85.99 | 0.1 | 25.0 | -52.38 | 2.06 | -11.21 | 27.16 | 0.85 | -4.49 | -13.27 | 4.73 | 0.0 | 0.0 | 0.18 | 0.0 | 0 | 1.81 | 0.0 | 7.1 | 0.14 | 566.67 | -94.24 | 2.13 | 8.67 | -48.3 | -3.25 | -8.33 | -13.24 | -3.11 | -2.64 | -606.82 | 0.00 | 0 | 0 |
| 20Q4 (19) | 3.6 | 44.0 | 11.8 | 8.55 | 78.12 | 21.45 | 1.18 | -12.59 | 1.72 | 0 | 0 | 0 | 22.16 | 112.87 | 4.48 | 0.97 | 270.18 | -37.82 | 17.98 | 177.04 | 35.9 | 28.84 | 172.82 | 32.02 | 1.13 | -16.3 | -34.3 | 0.08 | -11.11 | -61.9 | 2.32 | -10.77 | 31.07 | 0.89 | -3.26 | -8.25 | 4.73 | 0.0 | 0.0 | 0.18 | 0.0 | 0 | 1.81 | 0.0 | 7.1 | -0.03 | 96.97 | -101.68 | 1.96 | 96.0 | -43.68 | -3.0 | -1.35 | 5.06 | -3.03 | 23.29 | -121.17 | 0.00 | 0 | 0 |
| 20Q3 (18) | 2.5 | 23.76 | 30.21 | 4.8 | 25.65 | 17.65 | 1.35 | 40.62 | 2.27 | 0 | 0 | 0 | 10.41 | 3.58 | -19.86 | -0.57 | 72.6 | -1800.0 | 6.49 | 2.85 | 13.86 | 10.57 | 7.17 | 12.06 | 1.35 | -12.34 | -24.16 | 0.09 | 0 | 0 | 2.6 | 61.49 | 68.83 | 0.92 | -4.17 | -1.08 | 4.73 | 0.0 | 0.0 | 0.18 | 0.0 | 0 | 1.81 | 0.0 | 7.1 | -0.99 | -130.23 | -530.43 | 1.0 | -35.9 | -47.92 | -2.96 | 0.0 | -2.42 | -3.95 | -16.52 | -48.5 | 0.00 | 0 | 0 |
| 20Q2 (17) | 2.02 | -39.7 | 14.12 | 3.82 | -25.68 | 14.37 | 0.96 | -5.88 | -23.2 | 0 | 0 | 0 | 10.05 | -49.06 | -13.88 | -2.08 | -328.57 | -1055.56 | 6.31 | -17.84 | 13.69 | 9.86 | -15.76 | 5.95 | 1.54 | -1.91 | 6.21 | 0 | -100.0 | 0 | 1.61 | -0.62 | 14.18 | 0.96 | -2.04 | 4.35 | 4.73 | 0.0 | 0.0 | 0.18 | 0 | 0 | 1.81 | 7.1 | 7.1 | -0.43 | -117.7 | -265.38 | 1.56 | -62.14 | -20.41 | -2.96 | -3.14 | -2.07 | -3.39 | -670.45 | -28.41 | 0.00 | 0 | 0 |
| 20Q1 (16) | 3.35 | 4.04 | 124.83 | 5.14 | -26.99 | 28.18 | 1.02 | -12.07 | -15.0 | 0 | 0 | 0 | 19.73 | -6.98 | 34.22 | 0.91 | -41.67 | 102.22 | 7.68 | -41.95 | 43.82 | 11.71 | -46.4 | 31.43 | 1.57 | -8.72 | 26.61 | 0.21 | 0.0 | 0 | 1.62 | -8.47 | 16.55 | 0.98 | 1.03 | 5.38 | 4.73 | 0.0 | 0.0 | 0 | 0 | -100.0 | 1.69 | 0.0 | 0.0 | 2.43 | 35.75 | 136.0 | 4.12 | 18.39 | 188.03 | -2.87 | 9.18 | 6.21 | -0.44 | 67.88 | 95.51 | 0.00 | 0 | 0 |
| 19Q4 (15) | 3.22 | 67.71 | 31.97 | 7.04 | 72.55 | -12.0 | 1.16 | -12.12 | 1.75 | 0 | 0 | 0 | 21.21 | 63.28 | 0.66 | 1.56 | 5300.0 | 140.62 | 13.23 | 132.11 | 8.27 | 21.84 | 131.57 | 7.12 | 1.72 | -3.37 | 31.3 | 0.21 | 0 | 0 | 1.77 | 14.94 | 20.41 | 0.97 | 4.3 | -1.02 | 4.73 | 0.0 | 0.0 | 0 | 0 | -100.0 | 1.69 | 0.0 | 0.0 | 1.79 | 678.26 | 124.86 | 3.48 | 81.25 | 167.84 | -3.16 | -9.34 | -3.95 | -1.37 | 48.5 | 86.62 | 0.00 | 0 | -100.0 |
| 19Q3 (14) | 1.92 | 8.47 | 35.21 | 4.08 | 22.16 | -40.26 | 1.32 | 5.6 | -45.68 | 0 | 0 | 0 | 12.99 | 11.31 | 6.65 | -0.03 | 83.33 | 98.2 | 5.7 | 2.7 | 10.25 | 9.43 | 1.33 | -29.1 | 1.78 | 22.76 | 31.85 | 0 | 0 | 0 | 1.54 | 9.22 | -6.67 | 0.93 | 1.09 | 0.0 | 4.73 | 0.0 | 0.0 | 0 | 0 | -100.0 | 1.69 | 0.0 | 0.0 | 0.23 | -11.54 | 106.85 | 1.92 | -2.04 | 248.84 | -2.89 | 0.34 | 2.03 | -2.66 | -0.76 | 57.84 | 0.00 | 0 | 0 |
| 19Q2 (13) | 1.77 | 18.79 | -14.9 | 3.34 | -16.71 | -30.27 | 1.25 | 4.17 | -21.88 | 0 | 0 | 0 | 11.67 | -20.61 | -2.75 | -0.18 | -140.0 | 84.48 | 5.55 | 3.93 | -2.46 | 9.31 | 4.51 | -56.35 | 1.45 | 16.94 | -5.23 | 0 | 0 | 0 | 1.41 | 1.44 | -38.16 | 0.92 | -1.08 | -5.15 | 4.73 | 0.0 | 0.0 | 0 | -100.0 | -100.0 | 1.69 | 0.0 | 0.0 | 0.26 | 103.85 | 115.38 | 1.96 | 141.88 | 415.79 | -2.9 | 5.23 | -2.47 | -2.64 | 73.09 | 41.59 | 0.00 | 0 | 0 |
| 19Q1 (12) | 1.49 | -38.93 | -67.61 | 4.01 | -49.88 | -37.73 | 1.2 | 5.26 | -34.78 | 0 | 0 | 0 | 14.7 | -30.23 | 0.14 | 0.45 | 111.72 | 172.58 | 5.34 | -56.3 | 0.56 | 8.91 | -56.32 | -75.37 | 1.24 | -5.34 | 0.81 | 0 | 0 | 0 | 1.39 | -5.44 | -52.88 | 0.93 | -5.1 | -4.12 | 4.73 | 0.0 | 0.0 | 0.38 | 0.0 | 52.0 | 1.69 | 0.0 | 74.23 | -6.75 | 6.25 | -1092.65 | -4.68 | 8.77 | -345.03 | -3.06 | -0.66 | -0.33 | -9.81 | 4.2 | -313.92 | 0.00 | -100.0 | 0 |
| 18Q4 (11) | 2.44 | 71.83 | 0 | 8.0 | 17.13 | 0 | 1.14 | -53.09 | 0 | 0 | 0 | 0 | 21.07 | 72.99 | 0 | -3.84 | -129.94 | 0 | 12.22 | 136.36 | 0 | 20.39 | 53.26 | 0 | 1.31 | -2.96 | 0 | 0 | 0 | 0 | 1.47 | -10.91 | 0 | 0.98 | 5.38 | 0 | 4.73 | 0.0 | 0 | 0.38 | 0.0 | 0 | 1.69 | 0.0 | 0 | -7.2 | -114.29 | 0 | -5.13 | -297.67 | 0 | -3.04 | -3.05 | 0 | -10.24 | -62.28 | 0 | 0.00 | 0 | 0 |
| 18Q3 (10) | 1.42 | -31.73 | 0 | 6.83 | 42.59 | 0 | 2.43 | 51.88 | 0 | 0 | 0 | 0 | 12.18 | 1.5 | 0 | -1.67 | -43.97 | 0 | 5.17 | -9.14 | 0 | 13.30 | -37.62 | 0 | 1.35 | -11.76 | 0 | 0 | 0 | 0 | 1.65 | -27.63 | 0 | 0.93 | -4.12 | 0 | 4.73 | 0.0 | 0 | 0.38 | 0.0 | 0 | 1.69 | 0.0 | 0 | -3.36 | -98.82 | 0 | -1.29 | -439.47 | 0 | -2.95 | -4.24 | 0 | -6.31 | -39.6 | 0 | 0.00 | 0 | 0 |
| 18Q2 (9) | 2.08 | -54.78 | 0 | 4.79 | -25.62 | 0 | 1.6 | -13.04 | 0 | 0 | 0 | 0 | 12.0 | -18.26 | 0 | -1.16 | -87.1 | 0 | 5.69 | 7.16 | 0 | 21.33 | -41.04 | 0 | 1.53 | 24.39 | 0 | 0 | 0 | 0 | 2.28 | -22.71 | 0 | 0.97 | 0.0 | 0 | 4.73 | 0.0 | 0 | 0.38 | 52.0 | 0 | 1.69 | 74.23 | 0 | -1.69 | -348.53 | 0 | 0.38 | -80.1 | 0 | -2.83 | 7.21 | 0 | -4.52 | -90.72 | 0 | 0.00 | 0 | 0 |
| 18Q1 (8) | 4.6 | 0 | 0 | 6.44 | 0 | 0 | 1.84 | 0 | 0 | 0 | 0 | 0 | 14.68 | 0 | 0 | -0.62 | 0 | 0 | 5.31 | 0 | 0 | 36.17 | 0 | 0 | 1.23 | 0 | 0 | 0 | 0 | 0 | 2.95 | 0 | 0 | 0.97 | 0 | 0 | 4.73 | 0 | 0 | 0.25 | 0 | 0 | 0.97 | 0 | 0 | 0.68 | 0 | 0 | 1.91 | 0 | 0 | -3.05 | 0 | 0 | -2.37 | 0 | 0 | 0.00 | 0 | 0 |
