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) | 6.65 | -24.77 | 0 | 0 | 0 | 0 | 0 | 0 | 0.92 | 0 | -14.51 | 0 | 0 | 0 | 0.00 | 0 | 0 | 0 | 0 | 0 | 5.28 | 23.65 | 0 | 0 | 19.0 | 18.6 | 0 | 0 | 0 | 0 | -54.96 | 0 | -54.96 | 0 | -0.78 | 0 | -55.74 | 0 | 0.00 | 0 |
| 2018 (9) | 8.84 | -41.07 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -12.71 | 0 | 0 | 0 | 0.00 | 0 | 0 | 0 | 0 | 0 | 4.27 | 48.78 | 7.05 | 35150.0 | 16.02 | 23.14 | 0 | 0 | 0 | 0 | -40.45 | 0 | -40.45 | 0 | -0.91 | 0 | -41.36 | 0 | 0.00 | 0 |
| 2017 (8) | 15.0 | -10.39 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -12.08 | 0 | 0 | 0 | 0.00 | 0 | 0 | 0 | 0 | 0 | 2.87 | 6.3 | 0.02 | -33.33 | 13.01 | 12.45 | 0 | 0 | 0 | 0 | -27.74 | 0 | -27.74 | 0 | -1.34 | 0 | -29.08 | 0 | 0.00 | 0 |
| 2016 (7) | 16.74 | 88.09 | 0 | 0 | 0 | 0 | 0 | 0 | 3.73 | 0 | -2.92 | 0 | 0.42 | 0 | 11.26 | 0 | 0 | 0 | 0 | 0 | 2.7 | -3.23 | 0.03 | 0 | 11.57 | 0 | 0 | 0 | 0 | 0 | -15.66 | 0 | -15.66 | 0 | -0.31 | 0 | -15.97 | 0 | 0.00 | 0 |
| 2015 (6) | 8.9 | 402.82 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -4.51 | 0 | 0 | 0 | 0.00 | 0 | 0 | 0 | 0 | 0 | 2.79 | 22.37 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -12.73 | 0 | -12.73 | 0 | -0.78 | 0 | -13.51 | 0 | 0.00 | 0 |
| 2014 (5) | 1.77 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -3.82 | 0 | 0 | 0 | 0.00 | 0 | 0 | 0 | 0 | 0 | 2.28 | 0 | 0.01 | 0 | 5.22 | 0 | 0 | 0 | 0 | 0 | -9.88 | 0 | -9.88 | 0 | 0.02 | 0 | -9.86 | 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 | |||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 20Q2 (20) | 4.07 | -20.35 | -12.66 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1.18 | -28.26 | 52.23 | 0 | 0 | 0 | 0.00 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 5.22 | -0.19 | 18.1 | 0 | 0 | -100.0 | 19.0 | 0.0 | 18.6 | 0 | 0 | 0 | 0 | 0 | 0 | -57.06 | -2.11 | -28.92 | -57.06 | -2.11 | -28.92 | -0.75 | 5.06 | 3.85 | -57.81 | -2.01 | -28.35 | 0.00 | 0 | 0 |
| 20Q1 (19) | 5.11 | -23.16 | -23.39 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -100.0 | -0.92 | 89.87 | 31.34 | 0 | 0 | -100.0 | 0.00 | 0 | -100.0 | 0 | 0 | 0 | 0 | 0 | 0 | 5.23 | -0.95 | 19.95 | 0 | 0 | -100.0 | 19.0 | 0.0 | 18.6 | 0 | 0 | 0 | 0 | 0 | 0 | -55.88 | -1.67 | -33.72 | -55.88 | -1.67 | -33.72 | -0.79 | -1.28 | 4.82 | -56.67 | -1.67 | -32.97 | 0.00 | 0 | 0 |
| 19Q4 (18) | 6.65 | 168.15 | -24.77 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -9.08 | -460.49 | -163.95 | 0 | 0 | 0 | 0.00 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 5.28 | 20.27 | 23.65 | 0 | -100.0 | -100.0 | 19.0 | 18.6 | 18.6 | 0 | 0 | 0 | 0 | 0 | 0 | -54.96 | -19.82 | -35.87 | -54.96 | -19.82 | -35.87 | -0.78 | -1.3 | 14.29 | -55.74 | -19.51 | -34.77 | 0.00 | 0 | 0 |
| 19Q3 (17) | 2.48 | -46.78 | -76.6 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1.62 | 34.41 | 52.63 | 0 | 0 | 0 | 0.00 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 4.39 | -0.68 | 47.32 | 7.16 | 0.14 | 1.85 | 16.02 | 0.0 | 0.0 | 0 | 0 | 0 | 0 | 0 | 0 | -45.87 | -3.64 | -23.94 | -45.87 | -3.64 | -23.94 | -0.77 | 1.28 | 21.43 | -46.64 | -3.55 | -22.77 | 0.00 | 0 | 0 |
| 19Q2 (16) | 4.66 | -30.13 | -65.96 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -100.0 | 0 | -2.47 | -84.33 | 25.15 | 0 | -100.0 | 0 | 0.00 | -100.0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 4.42 | 1.38 | 49.32 | 7.15 | 0.42 | 1.71 | 16.02 | 0.0 | 0.06 | 0 | 0 | 0 | 0 | 0 | 0 | -44.26 | -5.91 | -31.77 | -44.26 | -5.91 | -31.77 | -0.78 | 6.02 | 20.41 | -45.04 | -5.68 | -30.29 | 0.00 | 0 | 0 |
| 19Q1 (15) | 6.67 | -24.55 | -19.44 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.92 | 0 | 0 | -1.34 | 61.05 | 47.45 | 0.31 | 0 | 0 | 33.70 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 4.36 | 2.11 | 50.34 | 7.12 | 0.99 | 6.27 | 16.02 | 0.0 | 23.14 | 0 | 0 | 0 | 0 | 0 | 0 | -41.79 | -3.31 | -37.97 | -41.79 | -3.31 | -37.97 | -0.83 | 8.79 | 46.79 | -42.62 | -3.05 | -33.81 | 0.00 | 0 | 0 |
| 18Q4 (14) | 8.84 | -16.6 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -3.44 | -0.58 | 0 | 0 | 0 | 0 | 0.00 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 4.27 | 43.29 | 0 | 7.05 | 0.28 | 0 | 16.02 | 0.0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -40.45 | -9.29 | 0 | -40.45 | -9.29 | 0 | -0.91 | 7.14 | 0 | -41.36 | -8.87 | 0 | 0.00 | 0 | 0 |
| 18Q3 (13) | 10.6 | -22.57 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -3.42 | -3.64 | 0 | 0 | 0 | 0 | 0.00 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2.98 | 0.68 | 0 | 7.03 | 0.0 | 0 | 16.02 | 0.06 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -37.01 | -10.18 | 0 | -37.01 | -10.18 | 0 | -0.98 | 0.0 | 0 | -37.99 | -9.89 | 0 | 0.00 | 0 | 0 |
| 18Q2 (12) | 13.69 | 65.34 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -3.3 | -29.41 | 0 | 0 | 0 | 0 | 0.00 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2.96 | 2.07 | 0 | 7.03 | 4.93 | 0 | 16.01 | 23.06 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -33.59 | -10.89 | 0 | -33.59 | -10.89 | 0 | -0.98 | 37.18 | 0 | -34.57 | -8.54 | 0 | 0.00 | 0 | 0 |
| 18Q1 (11) | 8.28 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -2.55 | 0 | 0 | 0 | 0 | 0 | 0.00 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2.9 | 0 | 0 | 6.7 | 0 | 0 | 13.01 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -30.29 | 0 | 0 | -30.29 | 0 | 0 | -1.56 | 0 | 0 | -31.85 | 0 | 0 | 0.00 | 0 | 0 |
