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) | 30.0 | -15.66 | 0 | 0 | 0.18 | 50.0 | 0 | 0 | 89.16 | 7.24 | 11.06 | -3.66 | 11.85 | -11.24 | 13.29 | -17.23 | 16.44 | 41.85 | 3.71 | 136.31 | 3.44 | -3.91 | 0.53 | 35.9 | 9.15 | 3.51 | 10.67 | 12.08 | 0 | 0 | 38.48 | 1.93 | 49.15 | 3.96 | 0.08 | 0.0 | 38.56 | 1.93 | 0.02 | 59.84 |
| 2023 (9) | 35.57 | -11.07 | 0 | 0 | 0.12 | 9.09 | 0 | 0 | 83.14 | -19.31 | 11.48 | -37.95 | 13.35 | -6.05 | 16.06 | 16.42 | 11.59 | 0.09 | 1.57 | 18.94 | 3.58 | 15.48 | 0.39 | -11.36 | 8.84 | 2.08 | 9.52 | 24.12 | 0.01 | -92.31 | 37.75 | -5.91 | 47.28 | -1.34 | 0.08 | 0 | 37.83 | -5.68 | 0.01 | -1.27 |
| 2022 (8) | 40.0 | 87.09 | 0 | 0 | 0.11 | 450.0 | 0 | 0 | 103.03 | 1.05 | 18.5 | 18.51 | 14.21 | -8.73 | 13.79 | -9.68 | 11.58 | -30.41 | 1.32 | 11.86 | 3.1 | 121.43 | 0.44 | -6.38 | 8.66 | 4.72 | 7.67 | 25.53 | 0.13 | 160.0 | 40.12 | 20.95 | 47.92 | 21.81 | -0.01 | 0 | 40.11 | 21.4 | 0.02 | 24.24 |
| 2021 (7) | 21.38 | -5.4 | 0 | 0 | 0.02 | 0.0 | 0 | 0 | 101.96 | 42.56 | 15.61 | 67.49 | 15.57 | 76.93 | 15.27 | 24.11 | 16.64 | 110.1 | 1.18 | -12.59 | 1.4 | 677.78 | 0.47 | 62.07 | 8.27 | 1.72 | 6.11 | 17.95 | 0.05 | 25.0 | 33.17 | 37.98 | 39.34 | 34.45 | -0.13 | 0 | 33.04 | 37.72 | 0.01 | 20.12 |
| 2020 (6) | 22.6 | 18.64 | 0 | 0 | 0.02 | 0.0 | 0 | 0 | 71.52 | -2.85 | 9.32 | -8.09 | 8.8 | -8.81 | 12.30 | -6.13 | 7.92 | 2.46 | 1.35 | -6.9 | 0.18 | -5.26 | 0.29 | 20.83 | 8.13 | 2.01 | 5.18 | 24.52 | 0.04 | 0 | 24.04 | 9.62 | 29.26 | 12.11 | -0.05 | 0 | 23.99 | 9.59 | 0.01 | 33.16 |
| 2019 (5) | 19.05 | 13.87 | 0 | 0 | 0.02 | -77.78 | 0 | 0 | 73.62 | -6.41 | 10.14 | 20.28 | 9.65 | -5.02 | 13.11 | 1.48 | 7.73 | 5.89 | 1.45 | -18.08 | 0.19 | -82.41 | 0.24 | -4.0 | 7.97 | 1.92 | 4.16 | 25.3 | 0 | 0 | 21.93 | 25.89 | 26.1 | 25.48 | -0.04 | 0 | 21.89 | 25.66 | 0.01 | 74.24 |
| 2018 (4) | 16.73 | 56.94 | 0 | 0 | 0.09 | -94.23 | 0 | 0 | 78.66 | 20.2 | 8.43 | 9.77 | 10.16 | 3.25 | 12.92 | -14.1 | 7.3 | -34.23 | 1.77 | 9.94 | 1.08 | 0 | 0.25 | 47.06 | 7.82 | 5.82 | 3.32 | 30.2 | 0.06 | 0 | 17.42 | 21.9 | 20.8 | 23.52 | 0 | 0 | 17.42 | 22.42 | 0.00 | 46.51 |
| 2017 (3) | 10.66 | -17.43 | 0.05 | 0 | 1.56 | 5100.0 | 0 | 0 | 65.44 | 40.85 | 7.68 | 65.52 | 9.84 | 28.12 | 15.04 | -9.04 | 11.1 | 25.14 | 1.61 | 136.76 | 0 | 0 | 0.17 | -34.62 | 7.39 | 12.14 | 2.55 | 22.01 | 0 | 0 | 14.29 | 42.33 | 16.84 | 38.83 | -0.06 | 0 | 14.23 | 41.59 | 0.00 | -94.96 |
| 2016 (2) | 12.91 | 24.73 | 0 | 0 | 0.03 | -86.96 | 0 | 0 | 46.46 | 5.93 | 4.64 | -17.29 | 7.68 | 24.68 | 16.53 | 17.7 | 8.87 | 37.52 | 0.68 | -51.43 | 5.01 | -5.11 | 0.26 | -7.14 | 6.59 | 6.12 | 2.09 | 36.6 | 0 | 0 | 10.04 | 10.69 | 12.13 | 14.43 | 0.01 | -80.0 | 10.05 | 10.2 | 0.06 | 60.61 |
| 2015 (1) | 10.35 | 132.06 | 0 | 0 | 0.23 | 155.56 | 0 | 0 | 43.86 | 24.25 | 5.61 | 10.65 | 6.16 | 31.62 | 14.04 | 5.94 | 6.45 | 7.5 | 1.4 | 112.12 | 5.28 | 500.0 | 0.28 | 16.67 | 6.21 | 4.9 | 1.53 | 50.0 | 0 | 0 | 9.07 | 31.45 | 10.6 | 33.33 | 0.05 | 66.67 | 9.12 | 31.6 | 0.04 | -39.61 |
| 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) | 30.0 | 23.81 | -15.66 | 0 | 0 | 0 | 0.18 | 125.0 | 50.0 | 0 | 0 | 0 | 22.28 | -4.01 | 4.6 | 2.72 | 43.92 | 3.82 | 11.85 | -5.73 | -11.24 | 13.29 | -6.76 | -17.22 | 16.44 | -4.03 | 41.85 | 3.71 | 0.0 | 136.31 | 3.44 | -3.64 | -3.91 | 0.53 | 12.77 | 35.9 | 9.15 | 0.22 | 3.51 | 10.67 | 0.0 | 12.08 | 0 | 0 | -100.0 | 38.48 | 7.61 | 1.93 | 49.15 | 5.86 | 3.96 | 0.08 | 14.29 | 0.0 | 38.56 | 7.62 | 1.93 | 0.02 | -3.31 | 59.84 |
| 24Q3 (19) | 24.23 | -32.41 | -31.94 | 0 | 0 | 0 | 0.08 | 0.0 | -57.89 | 0 | 0 | 0 | 23.21 | 5.98 | 16.46 | 1.89 | -35.71 | -38.24 | 12.57 | -13.73 | -6.47 | 14.26 | -16.94 | -10.14 | 17.13 | 15.59 | 53.36 | 3.71 | 139.35 | 174.81 | 3.57 | -0.28 | 1.71 | 0.47 | 23.68 | 34.29 | 9.13 | 1.22 | 3.28 | 10.67 | 0.0 | 12.08 | 0 | 0 | -100.0 | 35.76 | 5.55 | 1.79 | 46.43 | 4.24 | 3.99 | 0.07 | 16.67 | 16.67 | 35.83 | 5.57 | 1.82 | 0.02 | 52.81 | 57.37 |
| 24Q2 (18) | 35.85 | -0.77 | -9.1 | 0 | 0 | 0 | 0.08 | 0.0 | -55.56 | 0 | 0 | 0 | 21.9 | 0.64 | 13.41 | 2.94 | -16.48 | 27.27 | 14.57 | -6.0 | 14.27 | 17.16 | -8.87 | 21.66 | 14.82 | -4.45 | 53.26 | 1.55 | 0.0 | 13.97 | 3.58 | -0.56 | 191.06 | 0.38 | -7.32 | 0.0 | 9.02 | 2.04 | 2.04 | 10.67 | 12.08 | 12.08 | 0 | -100.0 | -100.0 | 33.88 | -17.91 | 5.68 | 44.54 | -12.32 | 7.09 | 0.06 | 0.0 | 500.0 | 33.94 | -17.88 | 5.83 | 0.02 | 10.58 | -3.63 |
| 24Q1 (17) | 36.13 | 1.57 | -9.08 | 0 | 0 | 0 | 0.08 | -33.33 | -50.0 | 0 | 0 | 0 | 21.76 | 2.16 | -3.72 | 3.52 | 34.35 | 1.15 | 15.5 | 16.1 | 9.15 | 18.83 | 17.29 | 32.29 | 15.51 | 33.82 | 42.56 | 1.55 | -1.27 | 12.32 | 3.6 | 0.56 | 188.0 | 0.41 | 5.13 | 0.0 | 8.84 | 0.0 | 1.96 | 9.52 | 0.0 | 24.12 | 0.01 | 0.0 | -92.31 | 41.27 | 9.32 | -5.34 | 50.8 | 7.45 | -1.17 | 0.06 | -25.0 | 700.0 | 41.33 | 9.25 | -5.18 | 0.01 | -2.17 | 1.62 |
| 23Q4 (16) | 35.57 | -0.08 | -11.07 | 0 | 0 | 0 | 0.12 | -36.84 | 9.09 | 0 | 0 | 0 | 21.3 | 6.87 | -6.86 | 2.62 | -14.38 | -31.95 | 13.35 | -0.67 | -6.05 | 16.06 | 1.21 | 16.43 | 11.59 | 3.76 | 0.09 | 1.57 | 16.3 | 18.94 | 3.58 | 1.99 | 15.48 | 0.39 | 11.43 | -11.36 | 8.84 | 0.0 | 2.08 | 9.52 | 0.0 | 24.12 | 0.01 | 0.0 | -92.31 | 37.75 | 7.46 | -5.91 | 47.28 | 5.89 | -1.34 | 0.08 | 33.33 | 900.0 | 37.83 | 7.5 | -5.68 | 0.01 | -4.8 | -1.27 |
| 23Q3 (15) | 35.6 | -9.74 | 38.25 | 0 | 0 | 0 | 0.19 | 5.56 | 850.0 | 0 | 0 | 0 | 19.93 | 3.21 | -22.15 | 3.06 | 32.47 | -43.65 | 13.44 | 5.41 | -18.64 | 15.87 | 12.47 | 0.02 | 11.17 | 15.51 | -11.07 | 1.35 | -0.74 | 0.75 | 3.51 | 185.37 | -13.97 | 0.35 | -7.89 | -18.6 | 8.84 | 0.0 | 2.2 | 9.52 | 0.0 | 24.12 | 0.01 | 0.0 | -92.31 | 35.13 | 9.58 | -3.14 | 44.65 | 7.36 | 1.32 | 0.06 | 500.0 | 200.0 | 35.19 | 9.73 | -3.03 | 0.02 | -6.43 | 3.61 |
| 23Q2 (14) | 39.44 | -0.75 | 51.34 | 0 | 0 | 0 | 0.18 | 12.5 | 800.0 | 0 | 0 | 0 | 19.31 | -14.56 | -32.65 | 2.31 | -33.62 | -56.98 | 12.75 | -10.21 | -30.56 | 14.11 | -0.91 | -16.8 | 9.67 | -11.12 | -27.89 | 1.36 | -1.45 | 0.74 | 1.23 | -1.6 | -69.85 | 0.38 | -7.32 | -5.0 | 8.84 | 1.96 | 2.31 | 9.52 | 24.12 | 24.12 | 0.01 | -92.31 | -92.31 | 32.06 | -26.47 | 3.96 | 41.59 | -19.09 | 7.63 | 0.01 | 200.0 | 112.5 | 32.07 | -26.43 | 4.26 | 0.02 | 16.61 | 13.54 |
| 23Q1 (13) | 39.74 | -0.65 | 93.95 | 0 | 0 | 0 | 0.16 | 45.45 | 700.0 | 0 | 0 | 0 | 22.6 | -1.18 | -12.74 | 3.48 | -9.61 | -9.84 | 14.2 | -0.07 | -11.91 | 14.24 | 3.24 | -4.21 | 10.88 | -6.04 | -39.52 | 1.38 | 4.55 | 0.73 | 1.25 | -59.68 | -69.44 | 0.41 | -6.82 | -4.65 | 8.67 | 0.12 | 3.58 | 7.67 | 0.0 | 25.53 | 0.13 | 0.0 | 160.0 | 43.6 | 8.67 | 17.74 | 51.4 | 7.26 | 18.98 | -0.01 | 0.0 | 88.89 | 43.59 | 8.68 | 18.0 | 0.01 | -4.95 | 22.82 |
| 22Q4 (12) | 40.0 | 55.34 | 87.09 | 0 | 0 | 0 | 0.11 | 450.0 | 450.0 | 0 | 0 | 0 | 22.87 | -10.66 | -4.59 | 3.85 | -29.1 | 32.76 | 14.21 | -13.98 | -8.73 | 13.79 | -13.06 | -9.69 | 11.58 | -7.8 | -30.41 | 1.32 | -1.49 | 11.86 | 3.1 | -24.02 | 121.43 | 0.44 | 2.33 | -6.38 | 8.66 | 0.12 | 4.72 | 7.67 | 0.0 | 25.53 | 0.13 | 0.0 | 160.0 | 40.12 | 10.61 | 20.95 | 47.92 | 8.74 | 21.81 | -0.01 | -150.0 | 92.31 | 40.11 | 10.53 | 21.4 | 0.02 | -0.1 | 24.24 |
| 22Q3 (11) | 25.75 | -1.19 | 57.4 | 0 | 0 | 0 | 0.02 | 0.0 | 0.0 | 0 | 0 | 0 | 25.6 | -10.71 | -13.92 | 5.43 | 1.12 | 1.69 | 16.52 | -10.02 | -11.28 | 15.86 | -6.44 | -20.14 | 12.56 | -6.34 | -27.31 | 1.34 | -0.74 | 11.67 | 4.08 | 0.0 | 2450.0 | 0.43 | 7.5 | 16.22 | 8.65 | 0.12 | 4.72 | 7.67 | 0.0 | 25.53 | 0.13 | 0.0 | 160.0 | 36.27 | 17.61 | 19.82 | 44.07 | 14.05 | 20.97 | 0.02 | 125.0 | 116.67 | 36.29 | 17.98 | 20.36 | 0.02 | 2.54 | 28.67 |
| 22Q2 (10) | 26.06 | 27.18 | 65.36 | 0 | 0 | -100.0 | 0.02 | 0.0 | 0.0 | 0 | 0 | 0 | 28.67 | 10.69 | -0.62 | 5.37 | 39.12 | 12.58 | 18.36 | 13.9 | -1.98 | 16.96 | 14.09 | -27.33 | 13.41 | -25.46 | -9.94 | 1.35 | -1.46 | 9.76 | 4.08 | -0.24 | 2450.0 | 0.4 | -6.98 | 11.11 | 8.64 | 3.23 | 4.73 | 7.67 | 25.53 | 48.07 | 0.13 | 160.0 | 225.0 | 30.84 | -16.72 | -1.81 | 38.64 | -10.56 | 5.49 | -0.08 | 11.11 | 27.27 | 30.76 | -16.73 | -1.73 | 0.01 | 26.14 | 42.42 |
| 22Q1 (9) | 20.49 | -4.16 | 5.78 | 0 | 0 | 0 | 0.02 | 0.0 | 0.0 | 0 | 0 | 0 | 25.9 | 8.05 | 33.51 | 3.86 | 33.1 | 48.46 | 16.12 | 3.53 | 34.33 | 14.86 | -2.67 | -12.57 | 17.99 | 8.11 | 79.54 | 1.37 | 16.1 | 4.58 | 4.09 | 192.14 | 2456.25 | 0.43 | -8.51 | 59.26 | 8.37 | 1.21 | 1.45 | 6.11 | 0.0 | 17.95 | 0.05 | 0.0 | 25.0 | 37.03 | 11.64 | 39.05 | 43.2 | 9.81 | 35.64 | -0.09 | 30.77 | -12.5 | 36.94 | 11.8 | 39.13 | 0.01 | -3.86 | 21.73 |
| 21Q4 (8) | 21.38 | 30.68 | -5.4 | 0 | 0 | 0 | 0.02 | 0.0 | 0.0 | 0 | 0 | 0 | 23.97 | -19.4 | 52.19 | 2.9 | -45.69 | 65.71 | 15.57 | -16.38 | 76.93 | 15.27 | -23.12 | 24.11 | 16.64 | -3.7 | 110.1 | 1.18 | -1.67 | -12.59 | 1.4 | 775.0 | 677.78 | 0.47 | 27.03 | 62.07 | 8.27 | 0.12 | 1.72 | 6.11 | 0.0 | 17.95 | 0.05 | 0.0 | 25.0 | 33.17 | 9.58 | 37.98 | 39.34 | 7.99 | 34.45 | -0.13 | -8.33 | -160.0 | 33.04 | 9.59 | 37.72 | 0.01 | 3.47 | 20.12 |
| 21Q3 (7) | 16.36 | 3.81 | -9.31 | 0 | -100.0 | 0 | 0.02 | 0.0 | 0.0 | 0 | 0 | 0 | 29.74 | 3.08 | 82.79 | 5.34 | 11.95 | 175.26 | 18.62 | -0.59 | 85.64 | 19.86 | -14.87 | 0 | 17.28 | 16.05 | 174.72 | 1.2 | -2.44 | -13.67 | 0.16 | 0.0 | -15.79 | 0.37 | 2.78 | 23.33 | 8.26 | 0.12 | 1.6 | 6.11 | 17.95 | 17.95 | 0.05 | 25.0 | 25.0 | 30.27 | -3.63 | 35.86 | 36.43 | -0.55 | 32.47 | -0.12 | -9.09 | -100.0 | 30.15 | -3.67 | 35.69 | 0.01 | 13.5 | 21.58 |
| 21Q2 (6) | 15.76 | -18.64 | -22.67 | 0.84 | 0 | 0 | 0.02 | 0.0 | 0.0 | 0 | 0 | 0 | 28.85 | 48.71 | 50.5 | 4.77 | 83.46 | 93.9 | 18.73 | 56.08 | 51.66 | 23.33 | 37.26 | 0 | 14.89 | 48.6 | 118.01 | 1.23 | -6.11 | -0.81 | 0.16 | 0.0 | -15.79 | 0.36 | 33.33 | 16.13 | 8.25 | 0.0 | 1.48 | 5.18 | 0.0 | 0.0 | 0.04 | 0.0 | 0.0 | 31.41 | 17.95 | 54.27 | 36.63 | 15.01 | 43.2 | -0.11 | -37.5 | -83.33 | 31.3 | 17.89 | 54.19 | 0.01 | 7.82 | 9.79 |
| 21Q1 (5) | 19.37 | -14.29 | 23.77 | 0 | 0 | 0 | 0.02 | 0.0 | 0.0 | 0 | 0 | 0 | 19.4 | 23.17 | -4.57 | 2.6 | 48.57 | -17.72 | 12.0 | 36.36 | -9.57 | 17.00 | 38.16 | 0 | 10.02 | 26.52 | 3.94 | 1.31 | -2.96 | -6.43 | 0.16 | -11.11 | -15.79 | 0.27 | -6.9 | 3.85 | 8.25 | 1.48 | 3.51 | 5.18 | 0.0 | 24.52 | 0.04 | 0.0 | 0 | 26.63 | 10.77 | 6.14 | 31.85 | 8.85 | 8.89 | -0.08 | -60.0 | -100.0 | 26.55 | 10.67 | 5.99 | 0.01 | -5.13 | 27.9 |
| 20Q4 (4) | 22.6 | 25.28 | 0.0 | 0 | 0 | 0.0 | 0.02 | 0.0 | 0.0 | 0 | 0 | 0.0 | 15.75 | -3.2 | 0.0 | 1.75 | -9.79 | 0.0 | 8.8 | -12.26 | 0.0 | 12.30 | 0 | 0.0 | 7.92 | 25.91 | 0.0 | 1.35 | -2.88 | 0.0 | 0.18 | -5.26 | 0.0 | 0.29 | -3.33 | 0.0 | 8.13 | 0.0 | 0.0 | 5.18 | 0.0 | 0.0 | 0.04 | 0.0 | 0.0 | 24.04 | 7.9 | 0.0 | 29.26 | 6.4 | 0.0 | -0.05 | 16.67 | 0.0 | 23.99 | 7.97 | 0.0 | 0.01 | 4.73 | 0.0 |
