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 | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2021 (10) | 24.77 | -5.96 | 55.07 | 19.46 | 10.08 | -60.47 | 0 | 0 | 106.0 | 14.94 | -3.7 | 0 | 34.53 | 11.53 | 32.58 | -2.97 | 31.69 | 42.81 | 0 | 0 | 16.78 | 87.49 | 62.2 | 1.5 | 19.31 | 10.28 | 2.97 | 0.0 | 6.04 | 0.0 | -1.08 | 0 | 7.94 | -31.73 | -11.38 | 0 | -12.46 | 0 | 0.00 | 0 |
| 2020 (9) | 26.34 | 30.72 | 46.1 | -9.41 | 25.5 | -6.22 | 0 | 0 | 92.22 | 10.4 | -5.09 | 0 | 30.96 | 1.91 | 33.57 | -7.69 | 22.19 | -2.29 | 0.02 | -60.0 | 8.95 | 50.17 | 61.28 | -4.15 | 17.51 | 2.34 | 2.97 | 0.0 | 6.04 | 0.0 | 2.62 | -66.02 | 11.63 | -30.44 | -13.03 | 0 | -10.41 | 0 | 0.00 | 0 |
| 2019 (8) | 20.15 | -13.74 | 50.89 | 40.42 | 27.19 | -24.56 | 0 | 0 | 83.53 | -8.45 | -4.52 | 0 | 30.38 | 3.33 | 36.37 | 12.87 | 22.71 | 6.87 | 0.05 | -44.44 | 5.96 | 441.82 | 63.93 | 0.17 | 17.11 | 0.0 | 2.97 | 3.12 | 6.04 | 16.83 | 7.71 | -41.59 | 16.72 | -21.32 | -13.99 | 0 | -6.28 | 0 | 0.00 | 0 |
| 2018 (7) | 23.36 | -23.03 | 36.24 | -2.42 | 36.04 | 182.22 | 0 | 0 | 91.24 | -4.64 | 0.96 | 0 | 29.4 | -10.56 | 32.22 | -6.2 | 21.25 | 2.51 | 0.09 | 28.57 | 1.1 | -96.49 | 63.82 | 5.31 | 17.11 | 12.64 | 2.88 | 0.0 | 5.17 | 0.0 | 13.2 | 2.09 | 21.25 | 1.34 | -11.4 | 0 | 1.8 | -68.7 | 0.00 | 0 |
| 2017 (6) | 30.35 | -17.12 | 37.14 | -4.48 | 12.77 | 1926.98 | 0 | 0 | 95.68 | -4.91 | -1.53 | 0 | 32.87 | -17.33 | 34.35 | -13.06 | 20.73 | -4.25 | 0.07 | 600.0 | 31.33 | -32.94 | 60.6 | 1.64 | 15.19 | 0.0 | 2.88 | 24.14 | 5.17 | 138.25 | 12.93 | -34.83 | 20.97 | -13.77 | -7.18 | 0 | 5.75 | -60.8 | 0.00 | 0 |
| 2016 (5) | 36.62 | 60.33 | 38.88 | -0.46 | 0.63 | -90.79 | 0 | 0 | 100.62 | -8.31 | 5.55 | 0 | 39.76 | 1.48 | 39.52 | 10.68 | 21.65 | -26.39 | 0.01 | 0 | 46.72 | 75.05 | 59.62 | 9.45 | 15.19 | 0.0 | 2.32 | 0.0 | 2.17 | 0 | 19.84 | 20.53 | 24.32 | 29.5 | -5.17 | 0 | 14.67 | 2.66 | 0.00 | 0 |
| 2015 (4) | 22.84 | -31.14 | 39.06 | -25.91 | 6.84 | 104.18 | 0 | 0 | 109.74 | 2.95 | -2.08 | 0 | 39.18 | -2.39 | 35.70 | -5.18 | 29.41 | -0.03 | 0 | 0 | 26.69 | -15.4 | 54.47 | 20.75 | 15.19 | 7.81 | 2.32 | 22.11 | 0 | 0 | 16.46 | -17.78 | 18.78 | -14.32 | -2.17 | 0 | 14.29 | -32.18 | 0.00 | 0 |
| 2014 (3) | 33.17 | 181.58 | 52.72 | 15.66 | 3.35 | 196.46 | 0 | 0 | 106.6 | 23.12 | 4.25 | 23.55 | 40.14 | 15.81 | 37.65 | -5.94 | 29.42 | 24.87 | 0 | 0 | 31.55 | 708.97 | 45.11 | 24.27 | 14.09 | 7.07 | 1.9 | 22.58 | 0 | 0 | 20.02 | 13.04 | 21.92 | 13.81 | 1.05 | 0 | 21.07 | 22.29 | 0.00 | 0 |
| 2013 (2) | 11.78 | -5.15 | 45.58 | 12.13 | 1.13 | 527.78 | 0 | 0 | 86.58 | 10.63 | 3.44 | -32.94 | 34.66 | 12.9 | 40.03 | 2.05 | 23.56 | 19.84 | 0 | 0 | 3.9 | 80.56 | 36.3 | 23.72 | 13.16 | 9.48 | 1.55 | 47.62 | 0 | 0 | 17.71 | 9.19 | 19.26 | 11.52 | -0.48 | 0 | 17.23 | 18.09 | 0.00 | 0 |
| 2012 (1) | 12.42 | 0 | 40.65 | 0 | 0.18 | 0 | 0 | 0 | 78.26 | 0 | 5.13 | 0 | 30.7 | 0 | 39.23 | 0 | 19.66 | 0 | 0 | 0 | 2.16 | 0 | 29.34 | 0 | 12.02 | 0 | 1.05 | 0 | 0 | 0 | 16.22 | 0 | 17.27 | 0 | -1.63 | 0 | 14.59 | 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 | |||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 21Q4 (20) | 24.77 | 53.66 | -5.96 | 55.07 | 21.57 | 19.46 | 10.08 | 4.24 | -60.47 | 0 | 0 | 0 | 36.53 | 66.96 | 23.5 | 0.47 | 112.57 | -66.9 | 34.53 | 19.85 | 11.53 | 32.57 | 12.0 | -2.98 | 31.69 | 14.4 | 42.81 | 0 | -100.0 | -100.0 | 16.78 | -16.02 | 87.49 | 62.2 | 1.17 | 1.5 | 19.31 | 9.28 | 10.28 | 2.97 | 0.0 | 0.0 | 6.04 | 0.0 | 0.0 | -1.08 | 30.32 | -141.22 | 7.94 | 6.43 | -31.73 | -11.38 | 9.39 | 12.66 | -12.46 | 11.69 | -19.69 | 0.00 | 0 | 0 |
| 21Q3 (19) | 16.12 | -30.99 | -19.32 | 45.3 | -8.74 | 4.93 | 9.67 | -5.01 | 62.79 | 0 | 0 | 0 | 21.88 | -17.4 | 16.88 | -3.74 | -307.78 | -52.03 | 28.81 | -16.13 | 16.97 | 29.08 | -18.8 | 6.85 | 27.7 | 5.73 | 11.29 | 0.01 | -50.0 | -50.0 | 19.98 | -10.64 | -30.77 | 61.48 | -0.28 | -1.01 | 17.67 | 0.91 | 0.91 | 2.97 | 0.0 | 0.0 | 6.04 | 0.0 | 0.0 | -1.55 | -170.78 | -229.17 | 7.46 | -33.39 | -27.01 | -12.56 | -2.61 | 11.98 | -14.11 | -40.4 | -7.96 | 0.00 | 0 | 0 |
| 21Q2 (18) | 23.36 | 35.66 | 35.89 | 49.64 | 2.03 | 16.25 | 10.18 | -60.11 | 68.82 | 0 | 0 | 0 | 26.49 | 25.49 | 8.97 | 1.8 | 180.72 | 210.34 | 34.35 | -4.24 | 15.85 | 35.82 | -6.41 | 6.53 | 26.2 | 11.58 | 23.24 | 0.02 | 0.0 | -33.33 | 22.36 | 230.77 | -26.11 | 61.65 | -0.9 | -0.84 | 17.51 | 0.0 | 0.06 | 2.97 | 0.0 | 0.0 | 6.04 | 0.0 | 0.0 | 2.19 | 461.54 | -40.33 | 11.2 | 19.15 | -11.67 | -12.24 | 3.77 | 23.83 | -10.05 | 18.49 | 18.95 | 0.00 | 0 | 0 |
| 21Q1 (17) | 17.22 | -34.62 | 4.94 | 48.65 | 5.53 | 1.99 | 25.52 | 0.08 | 312.28 | 0 | 0 | 0 | 21.11 | -28.63 | 7.65 | -2.23 | -257.04 | 51.73 | 35.87 | 15.86 | 19.21 | 38.27 | 14.0 | 11.78 | 23.48 | 5.81 | 10.55 | 0.02 | 0.0 | -33.33 | 6.76 | -24.47 | -75.68 | 62.21 | 1.52 | -2.28 | 17.51 | 0.0 | 2.28 | 2.97 | 0.0 | 0.0 | 6.04 | 0.0 | 0.0 | 0.39 | -85.11 | -87.38 | 9.4 | -19.17 | -22.31 | -12.72 | 2.38 | 15.82 | -12.33 | -18.44 | -2.58 | 0.00 | 0 | 0 |
| 20Q4 (16) | 26.34 | 31.83 | 30.72 | 46.1 | 6.79 | -9.41 | 25.5 | 329.29 | -6.22 | 0 | 0 | 0 | 29.58 | 58.01 | 6.21 | 1.42 | 157.72 | 545.45 | 30.96 | 25.7 | 1.91 | 33.57 | 23.34 | -7.7 | 22.19 | -10.85 | -2.29 | 0.02 | 0.0 | -60.0 | 8.95 | -68.99 | 50.17 | 61.28 | -1.34 | -4.15 | 17.51 | 0.0 | 2.34 | 2.97 | 0.0 | 0.0 | 6.04 | 0.0 | 0.0 | 2.62 | 118.33 | -66.02 | 11.63 | 13.8 | -30.44 | -13.03 | 8.69 | 6.86 | -10.41 | 20.35 | -65.76 | 0.00 | 0 | 0 |
| 20Q3 (15) | 19.98 | 16.23 | -5.98 | 43.17 | 1.1 | -13.23 | 5.94 | -1.49 | -29.87 | 0 | 0 | 0 | 18.72 | -22.99 | 14.08 | -2.46 | -524.14 | 18.81 | 24.63 | -16.93 | 2.8 | 27.22 | -19.05 | -1.52 | 24.89 | 17.07 | -6.15 | 0.02 | -33.33 | -71.43 | 28.86 | -4.63 | 14.34 | 62.11 | -0.1 | -4.49 | 17.51 | 0.06 | 2.34 | 2.97 | 0.0 | 0.0 | 6.04 | 0.0 | 0.0 | 1.2 | -67.3 | -83.98 | 10.22 | -19.4 | -38.06 | -14.27 | 11.2 | -7.45 | -13.07 | -5.4 | -125.73 | 0.00 | 0 | 0 |
| 20Q2 (14) | 17.19 | 4.75 | -23.16 | 42.7 | -10.48 | -5.8 | 6.03 | -2.58 | -10.13 | 0 | 0 | 0 | 24.31 | 23.97 | 1.25 | 0.58 | 112.55 | -69.47 | 29.65 | -1.46 | 2.74 | 33.62 | -1.8 | 1.78 | 21.26 | 0.09 | -23.33 | 0.03 | 0.0 | -57.14 | 30.26 | 8.85 | 6.44 | 62.17 | -2.34 | -5.01 | 17.5 | 2.22 | 2.28 | 2.97 | 0.0 | 0.0 | 6.04 | 0.0 | 0.0 | 3.67 | 18.77 | -65.11 | 12.68 | 4.79 | -35.11 | -16.07 | -6.35 | -53.19 | -12.4 | -3.16 | -41433.33 | 0.00 | 0 | 0 |
| 20Q1 (13) | 16.41 | -18.56 | -13.4 | 47.7 | -6.27 | 14.94 | 6.19 | -77.23 | -7.2 | 0 | 0 | 0 | 19.61 | -29.59 | 28.59 | -4.62 | -2200.0 | -27.98 | 30.09 | -0.95 | 0.91 | 34.24 | -5.87 | 0.31 | 21.24 | -6.47 | -17.64 | 0.03 | -40.0 | -66.67 | 27.8 | 366.44 | -1.63 | 63.66 | -0.42 | -1.61 | 17.12 | 0.06 | 0.06 | 2.97 | 0.0 | 3.12 | 6.04 | 0.0 | 16.83 | 3.09 | -59.92 | -67.78 | 12.1 | -27.63 | -31.41 | -15.11 | -8.01 | -54.97 | -12.02 | -91.4 | -7412.5 | 0.00 | 0 | 0 |
| 19Q4 (12) | 20.15 | -5.18 | -13.74 | 50.89 | 2.29 | 40.42 | 27.19 | 221.02 | -24.56 | 0 | 0 | 0 | 27.85 | 69.71 | -10.22 | 0.22 | 107.26 | -83.7 | 30.38 | 26.79 | 3.33 | 36.37 | 31.61 | 12.88 | 22.71 | -14.37 | 6.87 | 0.05 | -28.57 | -44.44 | 5.96 | -76.39 | 362.02 | 63.93 | -1.69 | 0.17 | 17.11 | 0.0 | 0.0 | 2.97 | 0.0 | 3.12 | 6.04 | 0.0 | 16.83 | 7.71 | 2.94 | -41.59 | 16.72 | 1.33 | -21.32 | -13.99 | -5.35 | -22.72 | -6.28 | -8.46 | -448.89 | 0.00 | 0 | 0 |
| 19Q3 (11) | 21.25 | -5.01 | -26.29 | 49.75 | 9.75 | 31.16 | 8.47 | 26.23 | -31.97 | 0 | 0 | 0 | 16.41 | -31.65 | -3.92 | -3.03 | -259.47 | -5150.0 | 23.96 | -16.98 | 1.74 | 27.64 | -16.34 | 8.61 | 26.52 | -4.36 | 15.0 | 0.07 | 0.0 | -41.67 | 25.24 | -11.22 | -16.78 | 65.03 | -0.64 | 3.57 | 17.11 | 0.0 | 2.52 | 2.97 | 0.0 | 3.12 | 6.04 | 0.0 | 16.83 | 7.49 | -28.8 | -36.74 | 16.5 | -15.56 | -17.04 | -13.28 | -26.6 | -0.91 | -5.79 | -19400.0 | -338.64 | 0.00 | 0 | 0 |
| 19Q2 (10) | 22.37 | 18.05 | -18.83 | 45.33 | 9.23 | 16.14 | 6.71 | 0.6 | -45.09 | 0 | 0 | 0 | 24.01 | 57.44 | 0.0 | 1.9 | 152.63 | -17.39 | 28.86 | -3.22 | 0.45 | 33.04 | -3.22 | 10.49 | 27.73 | 7.52 | 12.82 | 0.07 | -22.22 | -53.33 | 28.43 | 0.6 | -2.6 | 65.45 | 1.16 | 4.39 | 17.11 | 0.0 | 12.64 | 2.97 | 3.12 | 3.12 | 6.04 | 16.83 | 16.83 | 10.52 | 9.7 | -10.7 | 19.54 | 10.77 | -1.46 | -10.49 | -7.59 | -9.96 | 0.03 | 118.75 | -98.66 | 0.00 | 0 | 0 |
| 19Q1 (9) | 18.95 | -18.88 | -24.32 | 41.5 | 14.51 | 20.46 | 6.67 | -81.49 | -43.38 | 0 | 0 | 0 | 15.25 | -50.84 | -20.28 | -3.61 | -367.41 | -30.8 | 29.82 | 1.43 | -6.23 | 34.13 | 5.93 | 2.59 | 25.79 | 21.36 | 11.16 | 0.09 | 0.0 | -47.06 | 28.26 | 2090.7 | -10.57 | 64.7 | 1.38 | 7.58 | 17.11 | 0.0 | 12.64 | 2.88 | 0.0 | 0.0 | 5.17 | 0.0 | 0.0 | 9.59 | -27.35 | 1.16 | 17.64 | -16.99 | 0.63 | -9.75 | 14.47 | -51.87 | -0.16 | -108.89 | -105.23 | 0.00 | 0 | 0 |
| 18Q4 (8) | 23.36 | -18.97 | -23.03 | 36.24 | -4.46 | -2.42 | 36.04 | 189.48 | 182.22 | 0 | 0 | 0 | 31.02 | 81.62 | -4.02 | 1.35 | 2150.0 | 3.05 | 29.4 | 24.84 | -10.56 | 32.22 | 26.62 | -6.21 | 21.25 | -7.85 | 2.51 | 0.09 | -25.0 | 28.57 | 1.29 | -95.75 | -95.88 | 63.82 | 1.64 | 5.31 | 17.11 | 2.52 | 12.64 | 2.88 | 0.0 | 0.0 | 5.17 | 0.0 | 0.0 | 13.2 | 11.49 | 2.09 | 21.25 | 6.84 | 1.34 | -11.4 | 13.37 | -58.77 | 1.8 | 236.36 | -68.7 | 0.00 | 0 | 0 |
| 18Q3 (7) | 28.83 | 4.61 | 0 | 37.93 | -2.82 | 0 | 12.45 | 1.88 | 0 | 0 | 0 | 0 | 17.08 | -28.86 | -17.21 | 0.06 | -97.39 | -53.85 | 23.55 | -18.03 | 0 | 25.45 | -14.89 | 0 | 23.06 | -6.18 | 0 | 0.12 | -20.0 | 0 | 30.33 | 3.91 | 0 | 62.79 | 0.14 | 0 | 16.69 | 9.87 | 9.87 | 2.88 | 0.0 | 0 | 5.17 | 0.0 | 0 | 11.84 | 0.51 | 0 | 19.89 | 0.3 | 1.17 | -13.16 | -37.95 | 0 | -1.32 | -158.93 | 0 | 0.00 | 0 | 0 |
| 18Q2 (6) | 27.56 | 10.06 | 0 | 39.03 | 13.29 | 0 | 12.22 | 3.74 | 0 | 0 | 0 | 0 | 24.01 | 25.51 | 2.21 | 2.3 | 183.33 | 263.12 | 28.73 | -9.65 | 0 | 29.90 | -10.14 | 0 | 24.58 | 5.95 | 0 | 0.15 | -11.76 | 0 | 29.19 | -7.63 | 0 | 62.7 | 4.26 | 0 | 15.19 | 0.0 | 0.0 | 2.88 | 0.0 | 0 | 5.17 | 0.0 | 0 | 11.78 | 24.26 | 0 | 19.83 | 13.12 | 1.54 | -9.54 | -48.6 | 0 | 2.24 | -26.8 | 0 | 0.00 | 0 | 0 |
| 18Q1 (5) | 25.04 | -17.5 | 0 | 34.45 | -7.24 | 0 | 11.78 | -7.75 | 0 | 0 | 0 | 0 | 19.13 | -40.81 | -0.52 | -2.76 | -310.69 | -76.92 | 31.8 | -3.26 | 0 | 33.27 | -3.15 | 0 | 23.2 | 11.92 | 0 | 0.17 | 142.86 | 0 | 31.6 | 0.86 | 0 | 60.14 | -0.76 | 0 | 15.19 | 0.0 | 0.0 | 2.88 | 0.0 | 0 | 5.17 | 0.0 | 0 | 9.48 | -26.68 | 0 | 17.53 | -16.4 | -22.98 | -6.42 | 10.58 | 0 | 3.06 | -46.78 | 0 | 0.00 | 0 | 0 |
| 17Q4 (4) | 30.35 | 0 | 0.0 | 37.14 | 0 | 0.0 | 12.77 | 0 | 0.0 | 0 | 0 | 0.0 | 32.32 | 56.67 | 0.0 | 1.31 | 907.69 | 0.0 | 32.87 | 0 | 0.0 | 34.36 | 0 | 0.0 | 20.73 | 0 | 0.0 | 0.07 | 0 | 0.0 | 31.33 | 0 | 0.0 | 60.6 | 0 | 0.0 | 15.19 | 0.0 | 0.0 | 2.88 | 0 | 0.0 | 5.17 | 0 | 0.0 | 12.93 | 0 | 0.0 | 20.97 | 6.66 | 0.0 | -7.18 | 0 | 0.0 | 5.75 | 0 | 0.0 | 0.00 | 0 | 0.0 |
