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 | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023 (10) | 11.94 | 74.05 | 3.93 | -0.51 | 0.01 | 0 | 0 | 0 | 21.98 | -19.31 | 2.36 | -4.45 | 9.13 | -5.39 | 41.54 | 17.25 | 3.19 | -13.55 | 0.51 | -1.92 | 0.49 | 0 | 0.06 | 100.0 | 6.62 | 0.0 | 1.62 | 18.25 | 0.5 | -15.25 | 4.08 | 27.5 | 6.2 | 20.16 | -0.64 | 0 | 3.44 | 27.41 | 0.00 | 0 |
| 2022 (9) | 6.86 | 145.88 | 3.95 | 9.42 | 0 | 0 | 0 | 0 | 27.24 | -2.19 | 2.47 | 52.47 | 9.65 | -12.51 | 35.43 | -10.55 | 3.69 | -27.22 | 0.52 | -1.89 | 0 | 0 | 0.03 | -25.0 | 6.62 | 9.97 | 1.37 | 14.17 | 0.59 | 0 | 3.2 | 18.96 | 5.16 | 32.65 | -0.5 | 0 | 2.7 | 28.57 | 0.00 | 0 |
| 2021 (8) | 2.79 | -25.0 | 3.61 | 5.87 | 0.11 | 0 | 0 | 0 | 27.85 | 12.16 | 1.62 | -1.22 | 11.03 | 7.82 | 39.61 | -3.87 | 5.07 | 28.68 | 0.53 | -1.85 | 1.32 | 0 | 0.04 | 0.0 | 6.02 | 6.17 | 1.2 | 15.38 | 0 | 0 | 2.69 | 10.7 | 3.89 | 12.1 | -0.59 | 0 | 2.1 | 11.7 | 0.00 | 0 |
| 2020 (7) | 3.72 | -9.27 | 3.41 | -7.08 | 0 | 0 | 0 | 0 | 24.83 | 6.66 | 1.64 | 26.15 | 10.23 | 8.37 | 41.20 | 1.6 | 3.94 | 28.34 | 0.54 | -1.82 | 0 | 0 | 0.04 | -20.0 | 5.67 | 57.06 | 1.04 | 14.29 | 0 | 0 | 2.43 | 15.71 | 3.47 | 15.28 | -0.55 | 0 | 1.88 | 40.3 | 0.00 | 0 |
| 2019 (6) | 4.1 | 173.33 | 3.67 | 12.58 | 0.02 | -50.0 | 0 | 0 | 23.28 | 11.71 | 1.3 | -32.29 | 9.44 | -4.36 | 40.55 | -14.38 | 3.07 | 10.43 | 0.55 | 0.0 | 0.26 | 420.0 | 0.05 | -37.5 | 3.61 | 0.0 | 0.91 | 31.88 | 0 | 0 | 2.1 | -20.45 | 3.01 | -9.34 | -0.76 | 0 | 1.34 | -33.33 | 0.00 | 0 |
| 2018 (5) | 1.5 | 0 | 3.26 | 0 | 0.04 | 0 | 0 | 0 | 20.84 | 0 | 1.92 | 0 | 9.87 | 0 | 47.36 | 0 | 2.78 | 0 | 0.55 | 0 | 0.05 | 0 | 0.08 | 0 | 3.61 | 0 | 0.69 | 0 | 0 | 0 | 2.64 | 0 | 3.32 | 0 | -0.63 | 0 | 2.01 | 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 | |||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 24Q3 (20) | 14.94 | 16.81 | 82.86 | 4.74 | 40.65 | 2.16 | 0.19 | 46.15 | 0 | 0 | 0 | 0 | 6.41 | 7.73 | 7.37 | 0.29 | -55.38 | -64.2 | 9.79 | 0.0 | 0.62 | 41.05 | -1.84 | -6.34 | 3.46 | 1.17 | 3.59 | 0.51 | 0.0 | 0.0 | 1.16 | -4.92 | 0 | 0.06 | 20.0 | 0.0 | 6.62 | 0.0 | 0.0 | 1.85 | 0.0 | 14.2 | 0.64 | 0.0 | 28.0 | 3.96 | 7.9 | 15.79 | 6.45 | 4.71 | 16.64 | -0.02 | 95.83 | 95.83 | 3.94 | 23.51 | 34.01 | 0.00 | -4.36 | 0 |
| 24Q2 (19) | 12.79 | 3.81 | 58.1 | 3.37 | 0.3 | 4.33 | 0.13 | 62.5 | 0 | 0 | 0 | 0 | 5.95 | 3.48 | 19.72 | 0.65 | 3.17 | 30.0 | 9.79 | 5.84 | 25.51 | 41.82 | 1.41 | 26.75 | 3.42 | 8.92 | 1.18 | 0.51 | 0.0 | -1.92 | 1.22 | -4.69 | 0 | 0.05 | -16.67 | -16.67 | 6.62 | 0.0 | 0.0 | 1.85 | 14.2 | 14.2 | 0.64 | 28.0 | 28.0 | 3.67 | 8.26 | 41.15 | 6.16 | 11.8 | 30.79 | -0.48 | 11.11 | 26.15 | 3.19 | 11.93 | 63.59 | 0.00 | 27.49 | 0 |
| 24Q1 (18) | 12.32 | 3.18 | 60.42 | 3.36 | -14.5 | -14.07 | 0.08 | 700.0 | 0 | 0 | 0 | 0 | 5.75 | 0.17 | 8.49 | 0.63 | -5.97 | 65.79 | 9.25 | 1.31 | 9.73 | 41.24 | -0.72 | 22.64 | 3.14 | -1.57 | -15.59 | 0.51 | 0.0 | -1.92 | 1.28 | 161.22 | 0 | 0.06 | 0.0 | 100.0 | 6.62 | 0.0 | 0.0 | 1.62 | 0.0 | 18.25 | 0.5 | 0.0 | -15.25 | 3.39 | -16.91 | 50.67 | 5.51 | -11.13 | 30.88 | -0.54 | 15.62 | -14.89 | 2.85 | -17.15 | 60.11 | 0.00 | 0 | 0 |
| 23Q4 (17) | 11.94 | 46.14 | 74.05 | 3.93 | -15.3 | -0.51 | 0.01 | 0 | 0 | 0 | 0 | 0 | 5.74 | -3.85 | -3.69 | 0.67 | -17.28 | 3250.0 | 9.13 | -6.17 | -5.39 | 41.54 | -5.23 | 17.21 | 3.19 | -4.49 | -13.55 | 0.51 | 0.0 | -1.92 | 0.49 | 0 | 0 | 0.06 | 0.0 | 100.0 | 6.62 | 0.0 | 0.0 | 1.62 | 0.0 | 18.25 | 0.5 | 0.0 | -15.25 | 4.08 | 19.3 | 27.5 | 6.2 | 12.12 | 20.16 | -0.64 | -33.33 | -28.0 | 3.44 | 17.01 | 27.41 | 0.00 | 0 | 0 |
| 23Q3 (16) | 8.17 | 0.99 | 106.84 | 4.64 | 43.65 | -3.13 | 0 | 0 | 0 | 0 | 0 | 0 | 5.97 | 20.12 | -19.43 | 0.81 | 62.0 | -25.69 | 9.73 | 24.74 | -18.78 | 43.83 | 32.84 | 5.26 | 3.34 | -1.18 | -20.1 | 0.51 | -1.92 | -1.92 | 0 | 0 | 0 | 0.06 | 0.0 | 100.0 | 6.62 | 0.0 | 9.97 | 1.62 | 0.0 | 18.25 | 0.5 | 0.0 | -15.25 | 3.42 | 31.54 | 7.55 | 5.53 | 17.41 | 7.59 | -0.48 | 26.15 | -17.07 | 2.94 | 50.77 | 6.14 | 0.00 | 0 | 0 |
| 23Q2 (15) | 8.09 | 5.34 | 149.69 | 3.23 | -17.39 | -23.28 | 0 | 0 | 0 | 0 | 0 | 0 | 4.97 | -6.23 | -22.34 | 0.5 | 31.58 | -27.54 | 7.8 | -7.47 | -30.79 | 32.99 | -1.88 | -17.7 | 3.38 | -9.14 | -33.73 | 0.52 | 0.0 | -84.8 | 0 | 0 | 0 | 0.06 | 100.0 | 50.0 | 6.62 | 0.0 | 9.97 | 1.62 | 18.25 | 18.25 | 0.5 | -15.25 | -15.25 | 2.6 | 15.56 | 24.4 | 4.71 | 11.88 | 16.3 | -0.65 | -38.3 | -38.3 | 1.95 | 9.55 | 20.37 | 0.00 | 0 | 0 |
| 23Q1 (14) | 7.68 | 11.95 | 138.51 | 3.91 | -1.01 | -24.66 | 0 | 0 | 0 | 0 | 0 | 0 | 5.3 | -11.07 | -28.95 | 0.38 | 1800.0 | -43.28 | 8.43 | -12.64 | -30.16 | 33.63 | -5.12 | -1.6 | 3.72 | 0.81 | -25.75 | 0.52 | 0.0 | -84.84 | 0 | 0 | 0 | 0.03 | 0.0 | -25.0 | 6.62 | 0.0 | 9.97 | 1.37 | 0.0 | 14.17 | 0.59 | 0.0 | 0 | 2.25 | -29.69 | 4.17 | 4.21 | -18.41 | 25.3 | -0.47 | 6.0 | -14.63 | 1.78 | -34.07 | 1.71 | 0.00 | 0 | 0 |
| 22Q4 (13) | 6.86 | 73.67 | 145.88 | 3.95 | -17.54 | 9.42 | 0 | 0 | -100.0 | 0 | 0 | 0 | 5.96 | -19.57 | -20.53 | 0.02 | -98.17 | -96.43 | 9.65 | -19.45 | -12.51 | 35.44 | -14.89 | -10.49 | 3.69 | -11.72 | -27.22 | 0.52 | 0.0 | -1.89 | 0 | 0 | -100.0 | 0.03 | 0.0 | -25.0 | 6.62 | 9.97 | 9.97 | 1.37 | 0.0 | 14.17 | 0.59 | 0.0 | 0 | 3.2 | 0.63 | 18.96 | 5.16 | 0.39 | 32.65 | -0.5 | -21.95 | 15.25 | 2.7 | -2.53 | 28.57 | 0.00 | 0 | 0 |
| 22Q3 (12) | 3.95 | 21.91 | 80.37 | 4.79 | 13.78 | 28.42 | 0 | 0 | -100.0 | 0 | 0 | 0 | 7.41 | 15.78 | 9.78 | 1.09 | 57.97 | 541.18 | 11.98 | 6.3 | 10.52 | 41.64 | 3.86 | 31.03 | 4.18 | -18.04 | -9.72 | 0.52 | -84.8 | -1.89 | 0 | 0 | -100.0 | 0.03 | -25.0 | -25.0 | 6.02 | 0.0 | 0.0 | 1.37 | 0.0 | 14.17 | 0.59 | 0.0 | 0 | 3.18 | 52.15 | 49.3 | 5.14 | 26.91 | 54.35 | -0.41 | 12.77 | 34.92 | 2.77 | 70.99 | 84.67 | 0.00 | 0 | 0 |
| 22Q2 (11) | 3.24 | 0.62 | -15.4 | 4.21 | -18.88 | 67.73 | 0 | 0 | -100.0 | 0 | 0 | 0 | 6.4 | -14.21 | -52.98 | 0.69 | 2.99 | -22.47 | 11.27 | -6.63 | 8.05 | 40.09 | 17.32 | 5.17 | 5.1 | 1.8 | -2.11 | 3.42 | -0.29 | 545.28 | 0 | 0 | -100.0 | 0.04 | 0.0 | 33.33 | 6.02 | 0.0 | 0.0 | 1.37 | 14.17 | 31.73 | 0.59 | 0 | 0 | 2.09 | -3.24 | -37.24 | 4.05 | 20.54 | -7.11 | -0.47 | -14.63 | 25.4 | 1.62 | -7.43 | -40.0 | 0.00 | 0 | 0 |
| 22Q1 (10) | 3.22 | 15.41 | 0 | 5.19 | 43.77 | 0 | 0 | -100.0 | 0 | 0 | 0 | 0 | 7.46 | -0.53 | 0 | 0.67 | 19.64 | 0 | 12.07 | 9.43 | 0 | 34.17 | -13.68 | 0 | 5.01 | -1.18 | 0 | 3.43 | 547.17 | 0 | 0 | -100.0 | 0 | 0.04 | 0.0 | 0 | 6.02 | 0.0 | 0 | 1.2 | 0.0 | 0 | 0 | 0 | 0 | 2.16 | -19.7 | 0 | 3.36 | -13.62 | 0 | -0.41 | 30.51 | 0 | 1.75 | -16.67 | 0 | 0.00 | 0 | 0 |
| 21Q4 (9) | 2.79 | 27.4 | -25.0 | 3.61 | -3.22 | 5.87 | 0.11 | 0.0 | 0 | 0 | 0 | 0 | 7.5 | 11.11 | -45.45 | 0.56 | 229.41 | -44.0 | 11.03 | 1.75 | 7.82 | 39.59 | 24.58 | -3.91 | 5.07 | 9.5 | 28.68 | 0.53 | 0.0 | -1.85 | 1.32 | -2.94 | 0 | 0.04 | 0.0 | 0.0 | 6.02 | 0.0 | 6.17 | 1.2 | 0.0 | 15.38 | 0 | 0 | 0 | 2.69 | 26.29 | 10.7 | 3.89 | 16.82 | 12.1 | -0.59 | 6.35 | -7.27 | 2.1 | 40.0 | 11.7 | 0.00 | 0 | 0 |
| 21Q3 (8) | 2.19 | -42.82 | 0 | 3.73 | 48.61 | 0 | 0.11 | 0.0 | 0 | 0 | 0 | 0 | 6.75 | -50.4 | 0 | 0.17 | -80.9 | 0 | 10.84 | 3.93 | 0 | 31.78 | -16.64 | 0 | 4.63 | -11.13 | 0 | 0.53 | 0.0 | 0 | 1.36 | -0.73 | 0 | 0.04 | 33.33 | 0 | 6.02 | 0.0 | 0 | 1.2 | 15.38 | 0 | 0 | 0 | 0 | 2.13 | -36.04 | 0 | 3.33 | -23.62 | 0 | -0.63 | 0.0 | 0 | 1.5 | -44.44 | 0 | 0.00 | 0 | 0 |
| 21Q2 (7) | 3.83 | 0 | -30.62 | 2.51 | 0 | -23.01 | 0.11 | 0 | 450.0 | 0 | 0 | 0 | 13.61 | 0 | 22.83 | 0.89 | 0 | 39.06 | 10.43 | 0 | 18.79 | 38.12 | 0 | 0 | 5.21 | 0 | 65.92 | 0.53 | 0 | -1.85 | 1.37 | 0 | 448.0 | 0.03 | 0 | -25.0 | 6.02 | 0 | 11.48 | 1.04 | 0 | 0.0 | 0 | 0 | 0 | 3.33 | 0 | 132.87 | 4.36 | 0 | 76.52 | -0.63 | 0 | 12.5 | 2.7 | 0 | 280.28 | 0.00 | 0 | 0 |
