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 | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2020 (10) | 1.67 | -46.3 | 12.09 | -35.03 | 7.54 | 43.07 | 0 | 0 | 46.78 | -5.46 | -15.05 | 0 | 6.89 | -19.04 | 14.73 | -14.36 | 11.46 | -42.5 | 0 | 0 | 0 | 0 | 0 | 0 | 11.1 | 0.0 | 0 | 0 | 1.05 | 98.11 | -12.2 | 0 | -11.15 | 0 | -0.56 | 0 | -12.76 | 0 | -0.01 | 0 |
| 2019 (9) | 3.11 | -53.79 | 18.61 | 17.12 | 5.27 | -51.07 | 0 | 0 | 49.48 | 17.06 | -3.72 | 0 | 8.51 | 16.58 | 17.20 | -0.41 | 19.93 | 3.69 | 0 | 0 | 6.06 | 3.77 | 1.73 | 11.61 | 11.1 | 12.12 | 0 | 0 | 0.53 | 0.0 | 3.38 | -52.33 | 3.9 | -48.82 | -1.05 | 0 | 2.33 | -67.18 | 0.01 | -1.88 |
| 2018 (8) | 6.73 | 9.79 | 15.89 | 31.0 | 10.77 | 853.1 | 0 | 0 | 42.27 | -17.43 | -3.49 | 0 | 7.3 | -9.77 | 17.27 | 9.28 | 19.22 | -0.47 | 0 | 0 | 5.84 | -60.3 | 1.55 | 297.44 | 9.9 | -1.39 | 0 | 0 | 0.53 | 0.0 | 7.09 | -38.72 | 7.62 | -37.02 | 0.01 | -97.87 | 7.1 | -41.03 | 0.01 | 0 |
| 2017 (7) | 6.13 | -10.9 | 12.13 | -34.99 | 1.13 | -65.02 | 0 | 0 | 51.19 | -7.38 | 2.72 | -37.47 | 8.09 | -24.88 | 15.80 | -18.9 | 19.31 | 25.8 | 0 | 0 | 14.71 | 0 | 0.39 | 387.5 | 10.04 | 0.0 | 0 | 0 | 0.53 | 0.0 | 11.57 | 4.9 | 12.1 | 4.67 | 0.47 | -60.83 | 12.04 | -1.55 | 0.00 | 0 |
| 2016 (6) | 6.88 | 20.49 | 18.66 | -5.13 | 3.23 | 303.75 | 0 | 0 | 55.27 | 6.58 | 4.35 | 127.75 | 10.77 | 13.13 | 19.49 | 6.15 | 15.35 | -7.86 | 0 | 0 | 0 | 0 | 0.08 | 60.0 | 10.04 | 0.0 | 0 | 0 | 0.53 | 0.0 | 11.03 | 43.81 | 11.56 | 40.98 | 1.2 | -66.01 | 12.23 | 9.2 | 0.00 | 0 |
| 2015 (5) | 5.71 | 5.35 | 19.67 | 45.7 | 0.8 | 0 | 0 | 0 | 51.86 | 8.06 | 1.91 | 13.69 | 9.52 | 19.15 | 18.36 | 10.26 | 16.66 | 16.42 | 0 | 0 | 3.48 | 56.76 | 0.05 | -44.44 | 10.04 | 0.0 | 0 | 0 | 0.53 | 0.0 | 7.67 | 13.46 | 8.2 | 12.48 | 3.53 | -13.48 | 11.2 | 3.32 | 0.00 | 0 |
| 2014 (4) | 5.42 | -1.45 | 13.5 | -8.23 | 0 | 0 | 0 | 0 | 47.99 | 11.37 | 1.68 | -57.79 | 7.99 | 10.66 | 16.65 | -0.63 | 14.31 | 4.99 | 0 | 0 | 2.22 | 0 | 0.09 | -10.0 | 10.04 | 12.56 | 0 | 0 | 0.53 | 0.0 | 6.76 | -1.6 | 7.29 | -1.49 | 4.08 | 65.85 | 10.84 | 16.18 | 0.00 | 0 |
| 2013 (3) | 5.5 | 3.97 | 14.71 | 28.47 | 0.99 | -79.84 | 0 | 0 | 43.09 | 14.57 | 3.98 | -17.94 | 7.22 | 24.7 | 16.76 | 8.84 | 13.63 | 23.24 | 0 | 0 | 0 | 0 | 0.1 | 42.86 | 8.92 | 9.99 | 0 | 0 | 0.53 | 0.0 | 6.87 | 6.51 | 7.4 | 6.02 | 2.46 | 98.39 | 9.33 | 21.33 | 0.00 | 0 |
| 2012 (2) | 5.29 | 0 | 11.45 | 0 | 4.91 | 0 | 0 | 0 | 37.61 | 0 | 4.85 | 0 | 5.79 | 0 | 15.39 | 0 | 11.06 | 0 | 0 | 0 | 0.96 | 0 | 0.07 | 0 | 8.11 | 0 | 0 | 0 | 0.53 | 0 | 6.45 | 0 | 6.98 | 0 | 1.24 | 0 | 7.69 | 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 | |||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 21Q1 (20) | 1.08 | -35.33 | -59.4 | 10.0 | -17.29 | -43.21 | 7.55 | 0.13 | 154.21 | 0 | 0 | 0 | 4.65 | -53.96 | -56.26 | -3.92 | 40.33 | -243.86 | 5.79 | -15.97 | -29.73 | 14.19 | -3.65 | -12.72 | 9.81 | -14.4 | -51.22 | 0 | 0 | 0 | 0 | 0 | -100.0 | 0 | 0 | -100.0 | 11.1 | 0.0 | 0.0 | 0 | 0 | 0 | 1.05 | 0.0 | 98.11 | -16.12 | -32.13 | -819.64 | -15.07 | -35.16 | -644.04 | -0.53 | 5.36 | 58.59 | -16.65 | -30.49 | -1834.38 | -0.02 | -100.17 | -239.47 |
| 20Q4 (19) | 1.67 | -49.7 | -46.3 | 12.09 | -18.2 | -35.03 | 7.54 | 161.81 | 43.07 | 0 | 0 | 0 | 10.1 | -32.62 | -10.54 | -6.57 | -8.06 | -372.66 | 6.89 | -32.25 | -19.04 | 14.73 | -30.53 | -14.36 | 11.46 | -33.91 | -42.5 | 0 | 0 | 0 | 0 | -100.0 | -100.0 | 0 | -100.0 | -100.0 | 11.1 | 0.0 | 0.0 | 0 | 0 | 0 | 1.05 | 0.0 | 98.11 | -12.2 | -116.7 | -460.95 | -11.15 | -143.45 | -385.9 | -0.56 | 51.3 | 46.67 | -12.76 | -88.2 | -647.64 | -0.01 | -44.97 | -176.91 |
| 20Q3 (18) | 3.32 | 2.47 | -12.4 | 14.78 | -7.68 | -21.92 | 2.88 | 11.63 | -47.73 | 0 | 0 | 0 | 14.99 | 35.53 | 1.49 | -6.08 | -378.74 | -4153.33 | 10.17 | 11.39 | -4.78 | 21.20 | 10.88 | -4.72 | 17.34 | -11.62 | -18.52 | 0 | 0 | 0 | 5.05 | -12.17 | -0.98 | 0.34 | -79.14 | -80.35 | 11.1 | 0.0 | 0.0 | 0 | 0 | 0 | 1.05 | 0.0 | 98.11 | -5.63 | -1351.11 | -218.28 | -4.58 | -407.38 | -186.58 | -1.15 | 32.75 | -105.36 | -6.78 | -438.1 | -261.43 | -0.01 | -148.25 | -149.1 |
| 20Q2 (17) | 3.24 | 21.8 | 7.28 | 16.01 | -9.09 | -25.01 | 2.58 | -13.13 | -48.81 | 0 | 0 | 0 | 11.06 | 4.05 | -20.94 | -1.27 | -11.4 | -92.42 | 9.13 | 10.8 | -20.26 | 19.12 | 17.6 | -25.89 | 19.62 | -2.44 | -13.11 | 0 | 0 | 0 | 5.75 | -12.21 | -10.3 | 1.63 | -2.98 | -10.93 | 11.1 | 0.0 | 12.12 | 0 | 0 | 0 | 1.05 | 98.11 | 98.11 | 0.45 | -79.91 | -90.24 | 1.49 | -46.21 | -71.01 | -1.71 | -33.59 | -843.48 | -1.26 | -231.25 | -126.03 | 0.01 | -0.38 | -16.53 |
| 20Q1 (16) | 2.66 | -14.47 | -39.41 | 17.61 | -5.37 | -9.13 | 2.97 | -43.64 | -63.74 | 0 | 0 | 0 | 10.63 | -5.85 | 12.73 | -1.14 | 17.99 | 37.36 | 8.24 | -3.17 | -0.24 | 16.26 | -5.47 | -16.7 | 20.11 | 0.9 | -5.32 | 0 | 0 | 0 | 6.55 | 8.09 | -6.43 | 1.68 | -2.89 | -7.69 | 11.1 | 0.0 | 12.12 | 0 | 0 | 0 | 0.53 | 0.0 | 0.0 | 2.24 | -33.73 | -57.5 | 2.77 | -28.97 | -52.24 | -1.28 | -21.9 | -316.95 | 0.96 | -58.8 | -83.62 | 0.01 | 10.38 | -22.3 |
| 19Q4 (15) | 3.11 | -17.94 | -53.79 | 18.61 | -1.69 | 17.12 | 5.27 | -4.36 | -51.07 | 0 | 0 | 0 | 11.29 | -23.56 | 15.09 | -1.39 | -1026.67 | 1.42 | 8.51 | -20.32 | 16.58 | 17.20 | -22.7 | -0.41 | 19.93 | -6.34 | 3.69 | 0 | 0 | 0 | 6.06 | 18.82 | 3.77 | 1.73 | 0.0 | 11.61 | 11.1 | 0.0 | 12.12 | 0 | 0 | 0 | 0.53 | 0.0 | 0.0 | 3.38 | -28.99 | -52.33 | 3.9 | -26.28 | -48.82 | -1.05 | -87.5 | -10600.0 | 2.33 | -44.52 | -67.18 | 0.01 | -7.46 | -1.88 |
| 19Q3 (14) | 3.79 | 25.5 | -48.15 | 18.93 | -11.33 | 3.67 | 5.51 | 9.33 | 49.32 | 0 | 0 | 0 | 14.77 | 5.58 | 32.47 | 0.15 | 122.73 | 113.89 | 10.68 | -6.72 | 16.85 | 22.25 | -13.76 | -0.87 | 21.28 | -5.76 | 13.43 | 0 | 0 | 0 | 5.1 | -20.44 | -60.28 | 1.73 | -5.46 | 14.57 | 11.1 | 12.12 | 10.56 | 0 | 0 | 0 | 0.53 | 0.0 | 0.0 | 4.76 | 3.25 | -44.0 | 5.29 | 2.92 | -41.42 | -0.56 | -343.48 | -194.74 | 4.2 | -13.22 | -49.46 | 0.01 | -17.98 | 3.3 |
| 19Q2 (13) | 3.02 | -31.21 | -51.21 | 21.35 | 10.17 | 23.77 | 5.04 | -38.46 | 77.46 | 0 | 0 | 0 | 13.99 | 48.36 | 17.27 | -0.66 | 63.74 | 53.19 | 11.45 | 38.62 | 5.63 | 25.80 | 32.19 | 0.51 | 22.58 | 6.31 | 17.18 | 0 | 0 | 0 | 6.41 | -8.43 | -47.07 | 1.83 | 0.55 | 266.0 | 9.9 | 0.0 | -1.39 | 0 | 0 | 0 | 0.53 | 0.0 | 0.0 | 4.61 | -12.52 | -51.88 | 5.14 | -11.38 | -49.16 | 0.23 | -61.02 | -70.13 | 4.84 | -17.41 | -53.24 | 0.01 | -7.26 | 0 |
| 19Q1 (12) | 4.39 | -34.77 | -22.85 | 19.38 | 21.96 | 29.37 | 8.19 | -23.96 | 80.79 | 0 | 0 | 0 | 9.43 | -3.87 | 0.53 | -1.82 | -29.08 | -543.9 | 8.26 | 13.15 | 0.24 | 19.52 | 13.02 | 8.68 | 21.24 | 10.51 | 7.11 | 0 | 0 | 0 | 7.0 | 19.86 | -33.9 | 1.82 | 17.42 | 323.26 | 9.9 | 0.0 | -1.39 | 0 | 0 | 0 | 0.53 | 0.0 | 0.0 | 5.27 | -25.67 | -56.01 | 5.8 | -23.88 | -53.64 | 0.59 | 5800.0 | -31.4 | 5.86 | -17.46 | -54.36 | 0.01 | 39.39 | 0 |
| 18Q4 (11) | 6.73 | -7.93 | 0 | 15.89 | -12.98 | 0 | 10.77 | 191.87 | 0 | 0 | 0 | 0 | 9.81 | -12.02 | 18.77 | -1.41 | -30.56 | -406.52 | 7.3 | -20.13 | 0 | 17.27 | -23.06 | 0 | 19.22 | 2.45 | 0 | 0 | 0 | 0 | 5.84 | -54.52 | 0 | 1.55 | 2.65 | 0 | 9.9 | -1.39 | -1.39 | 0 | 0 | 0 | 0.53 | 0.0 | 0 | 7.09 | -16.59 | 0 | 7.62 | -15.61 | -37.02 | 0.01 | 105.26 | 0 | 7.1 | -14.56 | 0 | 0.01 | -2.57 | 0 |
| 18Q3 (10) | 7.31 | 18.09 | 0 | 18.26 | 5.86 | 0 | 3.69 | 29.93 | 0 | 0 | 0 | 0 | 11.15 | -6.54 | -11.93 | -1.08 | 23.4 | -242.11 | 9.14 | -15.68 | 0 | 22.45 | -12.56 | 0 | 18.76 | -2.65 | 0 | 0 | 0 | 0 | 12.84 | 6.03 | 0 | 1.51 | 202.0 | 0 | 10.04 | 0.0 | 0.0 | 0 | 0 | 0 | 0.53 | 0.0 | 0 | 8.5 | -11.27 | 0 | 9.03 | -10.68 | -22.42 | -0.19 | -124.68 | 0 | 8.31 | -19.71 | 0 | 0.01 | 0 | 0 |
| 18Q2 (9) | 6.19 | 8.79 | 0 | 17.25 | 15.15 | 0 | 2.84 | -37.31 | 0 | 0 | 0 | 0 | 11.93 | 27.19 | -23.43 | -1.41 | -443.9 | -331.15 | 10.84 | 31.55 | 0 | 25.67 | 42.92 | 0 | 19.27 | -2.82 | 0 | 0 | 0 | 0 | 12.11 | 14.35 | 0 | 0.5 | 16.28 | 0 | 10.04 | 0.0 | 0.0 | 0 | 0 | 0 | 0.53 | 0.0 | 0 | 9.58 | -20.03 | 0 | 10.11 | -19.18 | -7.08 | 0.77 | -10.47 | 0 | 10.35 | -19.39 | 0 | 0.00 | 0 | 0 |
| 18Q1 (8) | 5.69 | 0 | 0 | 14.98 | 0 | 0 | 4.53 | 0 | 0 | 0 | 0 | 0 | 9.38 | 13.56 | -36.15 | 0.41 | -10.87 | -53.93 | 8.24 | 0 | 0 | 17.96 | 0 | 0 | 19.83 | 0 | 0 | 0 | 0 | 0 | 10.59 | 0 | 0 | 0.43 | 0 | 0 | 10.04 | 0.0 | 0.0 | 0 | 0 | 0 | 0.53 | 0 | 0 | 11.98 | 0 | 0 | 12.51 | 3.39 | 0.48 | 0.86 | 0 | 0 | 12.84 | 0 | 0 | 0.00 | 0 | 0 |
| 17Q4 (7) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 8.26 | -34.76 | -31.9 | 0.46 | -39.47 | -30.3 | 0 | 0 | 0 | 0.00 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 10.04 | 0.0 | 0.0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 12.1 | 3.95 | 4.67 | 0 | 0 | 0 | 0 | 0 | 0 | 0.00 | 0 | 0 |
| 17Q3 (6) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 12.66 | -18.74 | -6.5 | 0.76 | 24.59 | -36.67 | 0 | 0 | 0 | 0.00 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 10.04 | 0.0 | 0.0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 11.64 | 6.99 | 6.79 | 0 | 0 | 0 | 0 | 0 | 0 | 0.00 | 0 | 0 |
| 17Q2 (5) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 15.58 | 6.06 | 8.57 | 0.61 | -31.46 | -52.34 | 0 | 0 | 0 | 0.00 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 10.04 | 0.0 | 0.0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 10.88 | -12.61 | 12.16 | 0 | 0 | 0 | 0 | 0 | 0 | 0.00 | 0 | 0 |
| 17Q1 (4) | 0 | 0 | 0.0 | 0 | 0 | 0.0 | 0 | 0 | 0.0 | 0 | 0 | 0.0 | 14.69 | 21.1 | 0.0 | 0.89 | 34.85 | 0.0 | 0 | 0 | 0.0 | 0.00 | 0 | 0.0 | 0 | 0 | 0.0 | 0 | 0 | 0.0 | 0 | 0 | 0.0 | 0 | 0 | 0.0 | 10.04 | 0.0 | 0.0 | 0 | 0 | 0.0 | 0 | 0 | 0.0 | 0 | 0 | 0.0 | 12.45 | 7.7 | 0.0 | 0 | 0 | 0.0 | 0 | 0 | 0.0 | 0.00 | 0 | 0.0 |
