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) | 9.96 | 16.36 | 1.5 | 0 | 0.39 | -11.36 | 0 | 0 | 7.92 | -19.92 | 1.0 | -56.14 | 1.14 | -45.71 | 14.39 | -32.21 | 0.64 | -34.02 | 0.21 | -8.7 | 1.16 | -25.64 | 0.07 | 16.67 | 3.91 | 10.76 | 1.15 | 25.0 | 0 | 0 | 7.76 | -3.6 | 8.91 | -0.67 | 0 | 0 | 7.76 | -3.6 | 0.00 | 0 |
| 2022 (9) | 8.56 | 39.87 | 0 | 0 | 0.44 | 0.0 | 0 | 0 | 9.89 | 5.66 | 2.28 | 50.99 | 2.1 | 52.17 | 21.23 | 44.02 | 0.97 | -15.65 | 0.23 | -4.17 | 1.56 | -22.0 | 0.06 | 20.0 | 3.53 | 20.07 | 0.92 | 19.48 | 0 | 0 | 8.05 | 21.05 | 8.97 | 20.89 | 0 | 0 | 8.05 | 21.05 | 0.00 | 0 |
| 2021 (8) | 6.12 | 78.95 | 0 | 0 | 0.44 | 0.0 | 0 | 0 | 9.36 | 8.84 | 1.51 | 37.27 | 1.38 | -36.11 | 14.74 | -41.3 | 1.15 | 1.77 | 0.24 | -4.0 | 2.0 | -18.03 | 0.05 | -16.67 | 2.94 | 14.84 | 0.77 | 14.93 | 0 | 0 | 6.65 | 26.91 | 7.42 | 25.55 | 0 | 0 | 6.65 | 26.91 | 0.00 | 0 |
| 2020 (7) | 3.42 | 216.67 | 0 | 0 | 0.44 | 22.22 | 0 | 0 | 8.6 | 34.8 | 1.1 | 17.02 | 2.16 | 9.09 | 25.12 | -19.07 | 1.13 | -18.71 | 0.25 | -3.85 | 2.44 | 136.89 | 0.06 | 0.0 | 2.56 | 15.32 | 0.67 | 17.54 | 0 | 0 | 5.24 | 23.58 | 5.91 | 22.87 | 0 | 0 | 5.24 | 23.58 | 0.00 | 0 |
| 2019 (6) | 1.08 | -61.97 | 1.3 | -13.33 | 0.36 | -2.7 | 0 | 0 | 6.38 | -4.35 | 0.94 | -6.0 | 1.98 | 42.45 | 31.03 | 48.92 | 1.39 | 87.84 | 0.26 | -3.7 | 1.03 | 14.44 | 0.06 | 20.0 | 2.22 | 20.0 | 0.57 | 18.75 | 0 | 0 | 4.24 | 12.77 | 4.81 | 13.44 | 0 | 0 | 4.24 | 12.77 | 0.00 | 0 |
| 2018 (5) | 2.84 | 80.89 | 1.5 | 50.0 | 0.37 | 32.14 | 0.02 | 0 | 6.67 | 0 | 1.0 | 0 | 1.39 | -10.32 | 20.84 | 0 | 0.74 | -28.16 | 0.27 | -6.9 | 0.9 | -1.1 | 0.05 | 150.0 | 1.85 | 0.0 | 0.48 | 33.33 | 0 | 0 | 3.76 | 30.56 | 4.24 | 31.27 | 0 | 0 | 3.76 | 30.56 | 0.00 | 0 |
| 2017 (4) | 1.57 | 0 | 1.0 | 0 | 0.28 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1.55 | 0 | 0.00 | 0 | 1.03 | 0 | 0.29 | 0 | 0.91 | 0 | 0.02 | 0 | 1.85 | 0 | 0.36 | 0 | 0 | 0 | 2.88 | 0 | 3.23 | 0 | 0 | 0 | 2.88 | 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) | 7.25 | -13.07 | -28.71 | 1.8 | -39.6 | 20.0 | 0.1 | 0.0 | -75.61 | 0 | 0 | 0 | 1.8 | 0.0 | 4.65 | 0.07 | -78.12 | -84.09 | 1.57 | -16.49 | -10.29 | 25.49 | -17.57 | 29.77 | 0.85 | 16.44 | 30.77 | 0.21 | 0.0 | -4.55 | 0.91 | -3.19 | -27.78 | 0.06 | -14.29 | -14.29 | 3.91 | 0.0 | 0.51 | 1.25 | 0.0 | 8.7 | 0 | 0 | 0 | 8.01 | 0.88 | -2.91 | 9.26 | 0.76 | -1.49 | 0.01 | 0 | 0 | 8.02 | 1.01 | -2.79 | 0.00 | 0 | 0 |
| 24Q2 (19) | 8.34 | -21.76 | -1.18 | 2.98 | 98.67 | 0 | 0.1 | -73.68 | -76.19 | 0 | 0 | 0 | 1.8 | 34.33 | -39.6 | 0.32 | -8.57 | -60.49 | 1.88 | 37.23 | -37.33 | 30.92 | 63.86 | 3.28 | 0.73 | -8.75 | -29.13 | 0.21 | 0.0 | -4.55 | 0.94 | -12.15 | -30.37 | 0.07 | 0.0 | 40.0 | 3.91 | 0.0 | 0.51 | 1.25 | 8.7 | 8.7 | 0 | 0 | 0 | 7.94 | 2.85 | 1.66 | 9.19 | 3.61 | 2.57 | 0 | 0 | 0 | 7.94 | 2.85 | 1.66 | 0.00 | 0 | 0 |
| 24Q1 (18) | 10.66 | 7.03 | 24.1 | 1.5 | 0.0 | 0 | 0.38 | -2.56 | -13.64 | 0 | 0 | 0 | 1.34 | 9.84 | -33.0 | 0.35 | 171.43 | 45.83 | 1.37 | 20.18 | -34.45 | 18.87 | 31.1 | -10.25 | 0.8 | 25.0 | -39.39 | 0.21 | 0.0 | -4.55 | 1.07 | -7.76 | -26.21 | 0.07 | 0.0 | 40.0 | 3.91 | 0.0 | 10.76 | 1.15 | 0.0 | 25.0 | 0 | 0 | 0 | 7.72 | -0.52 | 1.85 | 8.87 | -0.45 | 4.35 | 0 | 0 | 0 | 7.72 | -0.52 | 1.85 | 0.00 | 0 | 0 |
| 23Q4 (17) | 9.96 | -2.06 | 16.36 | 1.5 | 0.0 | 0 | 0.39 | -4.88 | -11.36 | 0 | 0 | 0 | 1.22 | -29.07 | -44.8 | -0.49 | -211.36 | -357.89 | 1.14 | -34.86 | -45.71 | 14.39 | -26.71 | -32.28 | 0.64 | -1.54 | -34.02 | 0.21 | -4.55 | -8.7 | 1.16 | -7.94 | -25.64 | 0.07 | 0.0 | 16.67 | 3.91 | 0.51 | 10.76 | 1.15 | 0.0 | 25.0 | 0 | 0 | 0 | 7.76 | -5.94 | -3.6 | 8.91 | -5.21 | -0.67 | 0 | 0 | 0 | 7.76 | -5.94 | -3.6 | 0.00 | 0 | 0 |
| 23Q3 (16) | 10.17 | 20.5 | 99.8 | 1.5 | 0 | 0 | 0.41 | -2.38 | -6.82 | 0 | 0 | 0 | 1.72 | -42.28 | -39.22 | 0.44 | -45.68 | -40.54 | 1.75 | -41.67 | -32.17 | 19.64 | -34.4 | -30.12 | 0.65 | -36.89 | -49.22 | 0.22 | 0.0 | -4.35 | 1.26 | -6.67 | -24.55 | 0.07 | 40.0 | 16.67 | 3.89 | 0.0 | 20.43 | 1.15 | 0.0 | 25.0 | 0 | 0 | 0 | 8.25 | 5.63 | 5.1 | 9.4 | 4.91 | 7.06 | 0 | 0 | 0 | 8.25 | 5.63 | 5.1 | 0.00 | 0 | 0 |
| 23Q2 (15) | 8.44 | -1.75 | 59.55 | 0 | 0 | 0 | 0.42 | -4.55 | -4.55 | 0 | 0 | 0 | 2.98 | 49.0 | 2.76 | 0.81 | 237.5 | -13.83 | 3.0 | 43.54 | 8.3 | 29.94 | 42.39 | -2.29 | 1.03 | -21.97 | -36.42 | 0.22 | 0.0 | -4.35 | 1.35 | -6.9 | -24.16 | 0.05 | 0.0 | 25.0 | 3.89 | 10.2 | 20.43 | 1.15 | 25.0 | 25.0 | 0 | 0 | 0 | 7.81 | 3.03 | 9.85 | 8.96 | 5.41 | 11.58 | 0 | 0 | 0 | 7.81 | 3.03 | 9.85 | 0.00 | 0 | 0 |
| 23Q1 (14) | 8.59 | 0.35 | 42.69 | 0 | 0 | 0 | 0.44 | 0.0 | 0.0 | 0 | 0 | 0 | 2.0 | -9.5 | 3.09 | 0.24 | 26.32 | -41.46 | 2.09 | -0.48 | 22.22 | 21.03 | -1.08 | 13.25 | 1.32 | 36.08 | -18.52 | 0.22 | -4.35 | -4.35 | 1.45 | -7.05 | -23.28 | 0.05 | -16.67 | 0.0 | 3.53 | 0.0 | 20.07 | 0.92 | 0.0 | 19.48 | 0 | 0 | 0 | 7.58 | -5.84 | 7.37 | 8.5 | -5.24 | 8.56 | 0 | 0 | 0 | 7.58 | -5.84 | 7.37 | 0.00 | 0 | 0 |
| 22Q4 (13) | 8.56 | 68.17 | 39.87 | 0 | 0 | 0 | 0.44 | 0.0 | 0.0 | 0 | 0 | 0 | 2.21 | -21.91 | 46.36 | 0.19 | -74.32 | 90.0 | 2.1 | -18.6 | 52.17 | 21.26 | -24.37 | 44.01 | 0.97 | -24.22 | -15.65 | 0.23 | 0.0 | -4.17 | 1.56 | -6.59 | -22.0 | 0.06 | 0.0 | 20.0 | 3.53 | 9.29 | 20.07 | 0.92 | 0.0 | 19.48 | 0 | 0 | 0 | 8.05 | 2.55 | 21.05 | 8.97 | 2.16 | 20.89 | 0 | 0 | 0 | 8.05 | 2.55 | 21.05 | 0.00 | 0 | 0 |
| 22Q3 (12) | 5.09 | -3.78 | -7.45 | 0 | 0 | 0 | 0.44 | 0.0 | 0.0 | 0 | 0 | 0 | 2.83 | -2.41 | 5.2 | 0.74 | -21.28 | 32.14 | 2.58 | -6.86 | 14.16 | 28.10 | -8.28 | 56.07 | 1.28 | -20.99 | 24.27 | 0.23 | 0.0 | -4.17 | 1.67 | -6.18 | -20.85 | 0.06 | 50.0 | 20.0 | 3.23 | 0.0 | 9.86 | 0.92 | 0.0 | 19.48 | 0 | 0 | 0 | 7.85 | 10.41 | 20.03 | 8.78 | 9.34 | 19.95 | 0 | 0 | 0 | 7.85 | 10.41 | 20.03 | 0.00 | 0 | 0 |
| 22Q2 (11) | 5.29 | -12.13 | 11.37 | 0 | 0 | 0 | 0.44 | 0.0 | 0.0 | 0 | 0 | 0 | 2.9 | 49.48 | -5.54 | 0.94 | 129.27 | 64.91 | 2.77 | 61.99 | 3.36 | 30.64 | 65.03 | 12.73 | 1.62 | 0.0 | 9.46 | 0.23 | 0.0 | -4.17 | 1.78 | -5.82 | -19.82 | 0.04 | -20.0 | -20.0 | 3.23 | 9.86 | 9.86 | 0.92 | 19.48 | 19.48 | 0 | 0 | 0 | 7.11 | 0.71 | 18.9 | 8.03 | 2.55 | 18.96 | 0 | 0 | 0 | 7.11 | 0.71 | 18.9 | 0.00 | 0 | 0 |
| 22Q1 (10) | 6.02 | -1.63 | 61.39 | 0 | 0 | 0 | 0.44 | 0.0 | 0.0 | 0 | 0 | 0 | 1.94 | 28.48 | -6.73 | 0.41 | 310.0 | 51.85 | 1.71 | 23.91 | -9.52 | 18.57 | 25.8 | -33.3 | 1.62 | 40.87 | 8.0 | 0.23 | -4.17 | -8.0 | 1.89 | -5.5 | -18.88 | 0.05 | 0.0 | -16.67 | 2.94 | 0.0 | 14.84 | 0.77 | 0.0 | 14.93 | 0 | 0 | 0 | 7.06 | 6.17 | 28.13 | 7.83 | 5.53 | 26.7 | 0 | 0 | 0 | 7.06 | 6.17 | 28.13 | 0.00 | 0 | 0 |
| 21Q4 (9) | 6.12 | 11.27 | 78.95 | 0 | 0 | 0 | 0.44 | 0.0 | 0.0 | 0 | 0 | 0 | 1.51 | -43.87 | -67.94 | 0.1 | -82.14 | -83.87 | 1.38 | -38.94 | -36.11 | 14.76 | -18.04 | -67.82 | 1.15 | 11.65 | 1.77 | 0.24 | 0.0 | -4.0 | 2.0 | -5.21 | -18.03 | 0.05 | 0.0 | -16.67 | 2.94 | 0.0 | 14.84 | 0.77 | 0.0 | 14.93 | 0 | 0 | 0 | 6.65 | 1.68 | 26.91 | 7.42 | 1.37 | 25.55 | 0 | 0 | 0 | 6.65 | 1.68 | 26.91 | 0.00 | 0 | 0 |
| 21Q3 (8) | 5.5 | 15.79 | 0 | 0 | 0 | 0 | 0.44 | 0.0 | 0 | 0 | 0 | 0 | 2.69 | -12.38 | 0 | 0.56 | -1.75 | 0 | 2.26 | -15.67 | 0 | 18.01 | -33.75 | 0 | 1.03 | -30.41 | 0 | 0.24 | 0.0 | 0 | 2.11 | -4.95 | 0 | 0.05 | 0.0 | 0 | 2.94 | 0.0 | 0 | 0.77 | 0.0 | 0 | 0 | 0 | 0 | 6.54 | 9.36 | 0 | 7.32 | 8.44 | 0 | 0 | 0 | 0 | 6.54 | 9.36 | 0 | 0.00 | 0 | 0 |
| 21Q2 (7) | 4.75 | 27.35 | 0 | 0 | 0 | 0 | 0.44 | 0.0 | 0 | 0 | 0 | 0 | 3.07 | 47.6 | 0 | 0.57 | 111.11 | 0 | 2.68 | 41.8 | 0 | 27.18 | -2.35 | 0 | 1.48 | -1.33 | 0 | 0.24 | -4.0 | 0 | 2.22 | -4.72 | 0 | 0.05 | -16.67 | 0 | 2.94 | 14.84 | 0 | 0.77 | 14.93 | 0 | 0 | 0 | 0 | 5.98 | 8.53 | 0 | 6.75 | 9.22 | 0 | 0 | 0 | 0 | 5.98 | 8.53 | 0 | 0.00 | 0 | 0 |
| 21Q1 (6) | 3.73 | 9.06 | 0 | 0 | 0 | 0 | 0.44 | 0.0 | 0 | 0 | 0 | 0 | 2.08 | -55.84 | 0 | 0.27 | -56.45 | 0 | 1.89 | -12.5 | 0 | 27.84 | -39.3 | 0 | 1.5 | 32.74 | 0 | 0.25 | 0.0 | 0 | 2.33 | -4.51 | 0 | 0.06 | 0.0 | 0 | 2.56 | 0.0 | 0 | 0.67 | 0.0 | 0 | 0 | 0 | 0 | 5.51 | 5.15 | 0 | 6.18 | 4.57 | 0 | 0 | 0 | 0 | 5.51 | 5.15 | 0 | 0.00 | 0 | 0 |
| 20Q4 (5) | 3.42 | 0 | 0 | 0 | 0 | 0 | 0.44 | 0 | 0 | 0 | 0 | 0 | 4.71 | 0 | 0 | 0.62 | 0 | 0 | 2.16 | 0 | 0 | 45.86 | 0 | 0 | 1.13 | 0 | 0 | 0.25 | 0 | 0 | 2.44 | 0 | 0 | 0.06 | 0 | 0 | 2.56 | 0 | 0 | 0.67 | 0 | 0 | 0 | 0 | 0 | 5.24 | 0 | 0 | 5.91 | 0 | 0 | 0 | 0 | 0 | 5.24 | 0 | 0 | 0.00 | 0 | 0 |
