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) | 10.04 | 35.49 | 3.37 | 45.26 | 0.52 | -10.34 | 0 | 0 | 36.45 | 0.72 | 1.19 | 21.43 | 10.19 | 11.37 | 27.96 | 10.57 | 3.83 | -26.2 | 0 | 0 | 2.13 | -34.46 | 0.02 | -50.0 | 2.95 | 1.03 | 0 | 0 | 0.65 | -19.75 | 5.99 | 10.31 | 6.64 | 6.41 | -0.96 | 0 | 5.03 | 5.23 | 0.00 | 0 |
| 2022 (9) | 7.41 | -25.53 | 2.32 | -1.69 | 0.58 | -57.04 | 0 | 0 | 36.19 | -15.38 | 0.98 | -35.1 | 9.15 | -2.97 | 25.28 | 14.67 | 5.19 | -8.95 | 0 | 0 | 3.25 | -1.52 | 0.04 | -20.0 | 2.92 | 8.15 | 0 | 0 | 0.81 | 326.32 | 5.43 | -7.65 | 6.24 | 2.8 | -0.65 | 0 | 4.78 | -5.72 | 0.00 | 0 |
| 2021 (8) | 9.95 | 33.74 | 2.36 | -64.62 | 1.35 | 694.12 | 0 | 0 | 42.77 | 18.02 | 1.51 | 39.81 | 9.43 | 19.97 | 22.05 | 1.66 | 5.7 | 43.94 | 0 | 0 | 3.3 | 3566.67 | 0.05 | 150.0 | 2.7 | 22.73 | 0 | 0 | 0.19 | 0 | 5.88 | 7.69 | 6.07 | 11.17 | -0.81 | 0 | 5.07 | -3.8 | 0.03 | 0 |
| 2020 (7) | 7.44 | 65.7 | 6.67 | 46.27 | 0.17 | -85.47 | 0 | 0 | 36.24 | -4.96 | 1.08 | -9.24 | 7.86 | 0.26 | 21.69 | 5.48 | 3.96 | -15.74 | 0 | 0 | 0.09 | -96.25 | 0.02 | -33.33 | 2.2 | 10.0 | 0 | 0 | 0 | 0 | 5.46 | 25.81 | 5.46 | 25.81 | -0.19 | 0 | 5.27 | 18.96 | 0.00 | 0 |
| 2019 (6) | 4.49 | 39.88 | 4.56 | -5.39 | 1.17 | -7.14 | 0 | 0 | 38.13 | 9.47 | 1.19 | 41.67 | 7.84 | 11.05 | 20.56 | 1.44 | 4.7 | -12.8 | 0 | 0 | 2.4 | 17.65 | 0.03 | -25.0 | 2.0 | 0.0 | 0 | 0 | 0 | 0 | 4.34 | 33.13 | 4.34 | 33.13 | 0.09 | -64.0 | 4.43 | 26.21 | 0.00 | 0 |
| 2018 (5) | 3.21 | 0 | 4.82 | 0 | 1.26 | 0 | 0 | 0 | 34.83 | 0 | 0.84 | 0 | 7.06 | 0 | 20.27 | 0 | 5.39 | 0 | 0 | 0 | 2.04 | 0 | 0.04 | 0 | 2.0 | 0 | 0 | 0 | 0 | 0 | 3.26 | 0 | 3.26 | 0 | 0.25 | 0 | 3.51 | 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 | |||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 23Q4 (20) | 10.04 | 9.25 | 35.49 | 3.37 | -1.75 | 45.26 | 0.52 | 0.0 | -10.34 | 0 | 0 | 0 | 10.5 | 5.85 | 13.88 | 0.38 | -40.62 | 35.71 | 10.19 | 2.72 | 11.37 | 27.96 | -0.89 | 10.54 | 3.83 | -16.56 | -26.2 | 0 | 0 | 0 | 2.13 | -5.33 | -34.46 | 0.02 | -33.33 | -50.0 | 2.95 | 0.34 | 1.03 | 0 | 0 | 0 | 0.65 | 0.0 | -19.75 | 5.99 | 8.71 | 10.31 | 6.64 | 7.79 | 6.41 | -0.96 | -81.13 | -47.69 | 5.03 | 1.0 | 5.23 | 0.00 | 0 | 0 |
| 23Q3 (19) | 9.19 | 15.74 | 32.04 | 3.43 | 61.79 | 53.81 | 0.52 | 10.64 | -33.33 | 0 | 0 | 0 | 9.92 | 17.54 | 5.53 | 0.64 | 236.84 | 178.26 | 9.92 | 15.08 | 12.6 | 28.21 | 13.38 | 19.48 | 4.59 | -4.57 | -18.76 | 0 | 0 | 0 | 2.25 | -14.45 | -14.77 | 0.03 | 0.0 | -25.0 | 2.94 | 0.34 | 0.68 | 0 | 0 | 0 | 0.65 | 0.0 | -19.75 | 5.51 | 12.91 | 8.46 | 6.16 | 11.39 | 4.58 | -0.53 | 29.33 | 36.14 | 4.98 | 20.58 | 17.18 | 0.00 | 0 | 0 |
| 23Q2 (18) | 7.94 | 7.44 | -16.95 | 2.12 | -7.42 | -3.2 | 0.47 | -24.19 | -51.55 | 0 | 0 | 0 | 8.44 | 11.2 | 5.11 | 0.19 | 1050.0 | 111.11 | 8.62 | 7.88 | 13.57 | 24.88 | 6.61 | 35.92 | 4.81 | -14.26 | -17.07 | 0 | 0 | 0 | 2.63 | -12.91 | -4.01 | 0.03 | 0.0 | -25.0 | 2.93 | 0.0 | 8.52 | 0 | 0 | 0 | 0.65 | -19.75 | -19.75 | 4.88 | -9.8 | 0.62 | 5.53 | -11.09 | -2.3 | -0.75 | -20.97 | 10.71 | 4.13 | -13.78 | 2.99 | 0.00 | 0 | -100.0 |
| 23Q1 (17) | 7.39 | -0.27 | -19.76 | 2.29 | -1.29 | -1.72 | 0.62 | 6.9 | -52.67 | 0 | 0 | 0 | 7.59 | -17.68 | -20.36 | -0.02 | -107.14 | -105.26 | 7.99 | -12.68 | -9.72 | 23.34 | -7.73 | 12.48 | 5.61 | 8.09 | -6.5 | 0 | 0 | 0 | 3.02 | -7.08 | -2.27 | 0.03 | -25.0 | -25.0 | 2.93 | 0.34 | 8.52 | 0 | 0 | 0 | 0.81 | 0.0 | 326.32 | 5.41 | -0.37 | -13.58 | 6.22 | -0.32 | -3.57 | -0.62 | 4.62 | -8.77 | 4.79 | 0.21 | -15.82 | 0.00 | 0 | -100.0 |
| 22Q4 (16) | 7.41 | 6.47 | -25.53 | 2.32 | 4.04 | -1.69 | 0.58 | -25.64 | -57.04 | 0 | 0 | 0 | 9.22 | -1.91 | -11.0 | 0.28 | 21.74 | -3.45 | 9.15 | 3.86 | -2.97 | 25.29 | 7.13 | 14.7 | 5.19 | -8.14 | -8.95 | 0 | 0 | 0 | 3.25 | 23.11 | -1.52 | 0.04 | 0.0 | -20.0 | 2.92 | 0.0 | 8.15 | 0 | 0 | 0 | 0.81 | 0.0 | 326.32 | 5.43 | 6.89 | -7.65 | 6.24 | 5.94 | 2.8 | -0.65 | 21.69 | 19.75 | 4.78 | 12.47 | -5.72 | 0.00 | 0 | -100.0 |
| 22Q3 (15) | 6.96 | -27.2 | -38.46 | 2.23 | 1.83 | -17.41 | 0.78 | -19.59 | -9.3 | 0 | 0 | 0 | 9.4 | 17.06 | -30.63 | 0.23 | 155.56 | -4.17 | 8.81 | 16.07 | 17.78 | 23.61 | 28.98 | 36.37 | 5.65 | -2.59 | -5.36 | 0 | 0 | 0 | 2.64 | -3.65 | -46.34 | 0.04 | 0.0 | -20.0 | 2.92 | 8.15 | 8.15 | 0 | 0 | 0 | 0.81 | 0.0 | 326.32 | 5.08 | 4.74 | -10.41 | 5.89 | 4.06 | 0.51 | -0.83 | 1.19 | -22.06 | 4.25 | 5.99 | -14.83 | 0.00 | -100.0 | -100.0 |
| 22Q2 (14) | 9.56 | 3.8 | -18.5 | 2.19 | -6.01 | -20.36 | 0.97 | -25.95 | 76.36 | 0 | 0 | 0 | 8.03 | -15.74 | -12.91 | 0.09 | -76.32 | -80.85 | 7.59 | -14.24 | 23.41 | 18.30 | -11.78 | 17.05 | 5.8 | -3.33 | 13.06 | 0 | 0 | 0 | 2.74 | -11.33 | -7.74 | 0.04 | 0.0 | 100.0 | 2.7 | 0.0 | 0.0 | 0 | 0 | 0 | 0.81 | 326.32 | 326.32 | 4.85 | -22.52 | -10.68 | 5.66 | -12.25 | 0.53 | -0.84 | -47.37 | -40.0 | 4.01 | -29.53 | -16.98 | 0.04 | 1.62 | 0 |
| 22Q1 (13) | 9.21 | -7.44 | 40.4 | 2.33 | -1.27 | -14.96 | 1.31 | -2.96 | 133.93 | 0 | 0 | 0 | 9.53 | -8.01 | -1.14 | 0.38 | 31.03 | -26.92 | 8.85 | -6.15 | 30.92 | 20.75 | -5.91 | 15.33 | 6.0 | 5.26 | 28.21 | 0 | 0 | 0 | 3.09 | -6.36 | -2.83 | 0.04 | -20.0 | 100.0 | 2.7 | 0.0 | 22.73 | 0 | 0 | 0 | 0.19 | 0.0 | 0 | 6.26 | 6.46 | 4.68 | 6.45 | 6.26 | 7.86 | -0.57 | 29.63 | -50.0 | 5.69 | 12.23 | 1.61 | 0.04 | 5.56 | 0 |
| 21Q4 (12) | 9.95 | -12.02 | 33.74 | 2.36 | -12.59 | -64.62 | 1.35 | 56.98 | 694.12 | 0 | 0 | 0 | 10.36 | -23.54 | -4.07 | 0.29 | 20.83 | -6.45 | 9.43 | 26.07 | 19.97 | 22.05 | 27.37 | -21.63 | 5.7 | -4.52 | 43.94 | 0 | 0 | 0 | 3.3 | -32.93 | 3566.67 | 0.05 | 0.0 | 150.0 | 2.7 | 0.0 | 22.73 | 0 | 0 | 0 | 0.19 | 0.0 | 0 | 5.88 | 3.7 | 7.69 | 6.07 | 3.58 | 11.17 | -0.81 | -19.12 | -326.32 | 5.07 | 1.6 | -3.8 | 0.03 | 2.9 | 0 |
| 21Q3 (11) | 11.31 | -3.58 | 140.13 | 2.7 | -1.82 | -59.46 | 0.86 | 56.36 | 352.63 | 0 | 0 | 0 | 13.55 | 46.96 | 40.12 | 0.24 | -48.94 | -48.94 | 7.48 | 21.63 | 3.31 | 17.31 | 10.7 | -59.02 | 5.97 | 16.37 | 32.67 | 0 | 0 | 0 | 4.92 | 65.66 | 3684.62 | 0.05 | 150.0 | 150.0 | 2.7 | 0.0 | 22.73 | 0 | 0 | 0 | 0.19 | 0.0 | 0 | 5.67 | 4.42 | 10.96 | 5.86 | 4.09 | 14.68 | -0.68 | -13.33 | -257.89 | 4.99 | 3.31 | 1.42 | 0.03 | 0 | 0 |
| 21Q2 (10) | 11.73 | 78.81 | 190.35 | 2.75 | 0.36 | -64.33 | 0.55 | -1.79 | 189.47 | 0 | 0 | 0 | 9.22 | -4.36 | 23.43 | 0.47 | -9.62 | 193.75 | 6.15 | -9.02 | 13.05 | 15.64 | -13.07 | -78.53 | 5.13 | 9.62 | 5.12 | 0 | 0 | 0 | 2.97 | -6.6 | 1550.0 | 0.02 | 0.0 | 0.0 | 2.7 | 22.73 | 35.0 | 0 | 0 | 0 | 0.19 | 0 | 0 | 5.43 | -9.2 | 17.03 | 5.63 | -5.85 | 21.34 | -0.6 | -57.89 | -650.0 | 4.83 | -13.75 | 5.92 | 0.00 | 0 | 0 |
| 21Q1 (9) | 6.56 | -11.83 | 0 | 2.74 | -58.92 | 0 | 0.56 | 229.41 | 0 | 0 | 0 | 0 | 9.64 | -10.74 | 0 | 0.52 | 67.74 | 0 | 6.76 | -13.99 | 0 | 17.99 | -36.06 | 0 | 4.68 | 18.18 | 0 | 0 | 0 | 0 | 3.18 | 3433.33 | 0 | 0.02 | 0.0 | 0 | 2.2 | 0.0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 5.98 | 9.52 | 0 | 5.98 | 9.52 | 0 | -0.38 | -100.0 | 0 | 5.6 | 6.26 | 0 | 0.00 | 0 | 0 |
| 20Q4 (8) | 7.44 | 57.96 | 0 | 6.67 | 0.15 | 0 | 0.17 | -10.53 | 0 | 0 | 0 | 0 | 10.8 | 11.69 | 0 | 0.31 | -34.04 | 0 | 7.86 | 8.56 | 0 | 28.13 | -33.4 | 0 | 3.96 | -12.0 | 0 | 0 | 0 | 0 | 0.09 | -30.77 | 0 | 0.02 | 0.0 | 0 | 2.2 | 0.0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 5.46 | 6.85 | 0 | 5.46 | 6.85 | 0 | -0.19 | 0.0 | 0 | 5.27 | 7.11 | 0 | 0.00 | 0 | 0 |
| 20Q3 (7) | 4.71 | 16.58 | 0 | 6.66 | -13.62 | 0 | 0.19 | 0.0 | 0 | 0 | 0 | 0 | 9.67 | 29.45 | 0 | 0.47 | 193.75 | 0 | 7.24 | 33.09 | 0 | 42.24 | -42.0 | 0 | 4.5 | -7.79 | 0 | 0 | 0 | 0 | 0.13 | -27.78 | 0 | 0.02 | 0.0 | 0 | 2.2 | 10.0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 5.11 | 10.13 | 0 | 5.11 | 10.13 | 0 | -0.19 | -137.5 | 0 | 4.92 | 7.89 | 0 | 0.00 | 0 | 0 |
| 20Q2 (6) | 4.04 | 0 | 0 | 7.71 | 0 | 0 | 0.19 | 0 | 0 | 0 | 0 | 0 | 7.47 | 0 | 0 | 0.16 | 0 | 0 | 5.44 | 0 | 0 | 72.82 | 0 | 0 | 4.88 | 0 | 0 | 0 | 0 | 0 | 0.18 | 0 | 0 | 0.02 | 0 | 0 | 2.0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 4.64 | 0 | 0 | 4.64 | 0 | 0 | -0.08 | 0 | 0 | 4.56 | 0 | 0 | 0.00 | 0 | 0 |
