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) | 53.3 | 25.65 | 0 | 0 | 13.88 | -14.27 | 0 | 0 | 147.82 | 24.77 | 18.33 | 15.94 | 31.85 | 25.94 | 21.55 | 0.93 | 23.09 | 4.15 | 30.75 | 1.49 | 48.15 | -13.46 | 0.39 | 77.27 | 37.46 | 6.18 | 18.97 | 10.74 | 0.17 | -76.71 | 51.85 | 2.69 | 70.98 | 3.83 | -0.16 | 0 | 51.69 | 2.72 | 0.00 | 0 |
| 2022 (9) | 42.42 | -29.41 | 0 | 0 | 16.19 | -25.56 | 0 | 0 | 118.47 | 23.19 | 15.81 | 79.46 | 25.29 | 54.68 | 21.35 | 25.56 | 22.17 | 19.07 | 30.3 | 14.43 | 55.64 | -19.43 | 0.22 | -43.59 | 35.28 | 0.0 | 17.13 | 5.22 | 0.73 | 0 | 50.49 | 23.72 | 68.36 | 19.74 | -0.17 | 0 | 50.32 | 25.55 | 0.00 | 0 |
| 2021 (8) | 60.09 | -15.02 | 0 | 0 | 21.75 | 6.57 | 0 | 0 | 96.17 | -10.02 | 8.81 | -24.89 | 16.35 | 9.66 | 17.00 | 21.87 | 18.62 | 9.4 | 26.48 | 71.73 | 69.06 | -15.24 | 0.39 | -37.1 | 35.28 | 0.0 | 16.28 | 7.53 | 0 | 0 | 40.81 | -7.14 | 57.09 | -3.37 | -0.73 | 0 | 40.08 | -7.76 | 0.00 | 0 |
| 2020 (7) | 70.71 | -6.31 | 0 | 0 | 20.41 | -27.52 | 0 | 0 | 106.88 | -77.1 | 11.73 | -41.99 | 14.91 | -87.86 | 13.95 | -46.96 | 17.02 | 0.41 | 15.42 | 9.21 | 81.48 | -17.61 | 0.62 | -42.59 | 35.28 | -45.96 | 15.14 | 15.22 | 0 | 0 | 43.95 | -18.81 | 59.08 | -12.19 | -0.5 | 0 | 43.45 | -19.61 | 0.00 | 0 |
| 2019 (6) | 75.47 | 30.89 | 0 | 0 | 28.16 | 8.35 | 0 | 0 | 466.8 | 1.4 | 20.22 | 1.4 | 122.77 | 29.74 | 26.30 | 27.95 | 16.95 | -43.33 | 14.12 | 730.59 | 98.89 | -17.85 | 1.08 | -32.92 | 65.28 | 2.61 | 13.14 | 17.85 | 0 | 0 | 54.13 | 17.75 | 67.28 | 17.79 | -0.08 | 0 | 54.05 | 17.7 | 0.00 | 0 |
| 2018 (5) | 57.66 | 0 | 0 | 0 | 25.99 | 0 | 0 | 0 | 460.36 | 0 | 19.94 | 0 | 94.63 | 0 | 20.56 | 0 | 29.91 | 0 | 1.7 | 0 | 120.38 | 0 | 1.61 | 0 | 63.62 | 0 | 11.15 | 0 | 0 | 0 | 45.97 | 0 | 57.12 | 0 | -0.05 | 0 | 45.92 | 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) | 53.3 | -1.99 | 25.65 | 0 | 0 | 0 | 13.88 | -32.42 | -14.27 | 0 | 0 | 0 | 37.4 | -5.08 | 26.22 | 2.73 | -56.46 | 86.99 | 31.85 | -2.03 | 25.94 | 21.55 | -7.18 | 0.93 | 23.09 | 7.05 | 4.15 | 30.75 | 0.1 | 1.49 | 48.15 | 10.59 | -13.46 | 0.39 | -7.14 | 77.27 | 37.46 | 0.0 | 6.18 | 18.97 | 0.0 | 10.74 | 0.17 | 0.0 | -76.71 | 51.85 | 4.03 | 2.69 | 70.98 | 2.91 | 3.83 | -0.16 | -180.0 | 5.88 | 51.69 | 3.3 | 2.72 | 0.00 | 0 | 0 |
| 23Q3 (19) | 54.38 | -6.68 | 8.59 | 0 | 0 | 0 | 20.54 | 14.62 | 6.48 | 0 | 0 | 0 | 39.4 | 3.99 | 28.46 | 6.27 | -1.1 | 0.8 | 32.51 | -6.74 | 24.27 | 23.21 | -12.55 | -0.63 | 21.57 | -10.01 | 1.22 | 30.72 | 4.31 | 2.95 | 43.54 | -11.45 | -27.37 | 0.42 | 16.67 | 55.56 | 37.46 | 0.0 | 6.18 | 18.97 | 0.0 | 10.74 | 0.17 | 0.0 | -76.71 | 49.84 | 14.39 | 7.07 | 68.97 | 9.98 | 7.06 | 0.2 | 1900.0 | 1100.0 | 50.04 | 14.82 | 7.54 | 0.00 | 0 | 0 |
| 23Q2 (18) | 58.27 | 4.31 | 5.54 | 0 | 0 | 0 | 17.92 | 5.16 | -4.53 | 0 | 0 | 0 | 37.89 | 14.37 | 23.02 | 6.34 | 112.04 | 23.83 | 34.86 | 11.3 | 36.12 | 26.55 | 5.29 | 10.35 | 23.97 | 3.72 | 19.79 | 29.45 | -3.7 | 5.67 | 49.17 | -5.3 | -24.99 | 0.36 | -16.28 | 20.0 | 37.46 | 0.0 | 6.18 | 18.97 | 10.74 | 10.74 | 0.17 | -76.71 | -76.71 | 43.57 | 13.14 | 8.01 | 62.71 | 11.25 | 7.75 | 0.01 | 104.35 | 104.0 | 43.58 | 13.85 | 8.71 | 0.00 | 0 | 0 |
| 23Q1 (17) | 55.86 | 31.68 | -7.7 | 0 | 0 | 0 | 17.04 | 5.25 | -25.56 | 0 | 0 | 0 | 33.13 | 11.81 | 21.04 | 2.99 | 104.79 | -0.99 | 31.32 | 23.84 | 46.15 | 25.21 | 18.1 | 45.34 | 23.11 | 4.24 | 27.12 | 30.58 | 0.92 | 13.13 | 51.92 | -6.69 | -22.54 | 0.43 | 95.45 | 19.44 | 37.46 | 6.18 | 6.18 | 17.13 | 0.0 | 5.22 | 0.73 | 0.0 | 0 | 38.51 | -23.73 | -12.2 | 56.37 | -17.54 | -6.27 | -0.23 | -35.29 | 51.06 | 38.28 | -23.93 | -11.78 | 0.00 | 0 | 0 |
| 22Q4 (16) | 42.42 | -15.3 | -29.41 | 0 | 0 | 0 | 16.19 | -16.07 | -25.56 | 0 | 0 | 0 | 29.63 | -3.39 | 28.05 | 1.46 | -76.53 | -34.53 | 25.29 | -3.33 | 54.68 | 21.35 | -8.62 | 25.56 | 22.17 | 4.04 | 19.07 | 30.3 | 1.54 | 14.43 | 55.64 | -7.19 | -19.43 | 0.22 | -18.52 | -43.59 | 35.28 | 0.0 | 0.0 | 17.13 | 0.0 | 5.22 | 0.73 | 0.0 | 0 | 50.49 | 8.46 | 23.72 | 68.36 | 6.12 | 19.74 | -0.17 | -750.0 | 76.71 | 50.32 | 8.15 | 25.55 | 0.00 | 0 | 0 |
| 22Q3 (15) | 50.08 | -9.29 | -25.59 | 0 | 0 | 0 | 19.29 | 2.77 | -17.03 | 0 | 0 | 0 | 30.67 | -0.42 | 21.95 | 6.22 | 21.48 | 181.45 | 26.16 | 2.15 | 45.58 | 23.36 | -2.89 | 53.34 | 21.31 | 6.5 | 28.53 | 29.84 | 7.07 | 19.5 | 59.95 | -8.54 | -19.85 | 0.27 | -10.0 | -35.71 | 35.28 | 0.0 | 0.0 | 17.13 | 0.0 | 5.22 | 0.73 | 0.0 | 0 | 46.55 | 15.39 | 19.97 | 64.42 | 10.69 | 16.96 | -0.02 | 92.0 | 97.22 | 46.53 | 16.06 | 22.19 | 0.00 | 0 | 0 |
| 22Q2 (14) | 55.21 | -8.77 | -5.64 | 0 | 0 | 0 | 18.77 | -18.0 | -26.56 | 0 | 0 | 0 | 30.8 | 12.53 | -35.67 | 5.12 | 69.54 | 17.16 | 25.61 | 19.51 | 19.17 | 24.06 | 38.68 | 3.88 | 20.01 | 10.07 | 16.95 | 27.87 | 3.11 | 13.2 | 65.55 | -2.21 | -11.57 | 0.3 | -16.67 | -38.78 | 35.28 | 0.0 | 0.0 | 17.13 | 5.22 | 5.22 | 0.73 | 0 | 0 | 40.34 | -8.03 | 10.25 | 58.2 | -3.23 | 10.08 | -0.25 | 46.81 | 61.54 | 40.09 | -7.61 | 11.55 | 0.00 | 0 | 0 |
| 22Q1 (13) | 60.52 | 0.72 | 0 | 0 | 0 | 0 | 22.89 | 5.24 | 0 | 0 | 0 | 0 | 27.37 | 18.28 | 0 | 3.02 | 35.43 | 0 | 21.43 | 31.07 | 0 | 17.35 | 2.03 | 0 | 18.18 | -2.36 | 0 | 27.03 | 2.08 | 0 | 67.03 | -2.94 | 0 | 0.36 | -7.69 | 0 | 35.28 | 0.0 | 0 | 16.28 | 0.0 | 0 | 0 | 0 | 0 | 43.86 | 7.47 | 0 | 60.14 | 5.34 | 0 | -0.47 | 35.62 | 0 | 43.39 | 8.26 | 0 | 0.00 | 0 | 0 |
| 21Q4 (12) | 60.09 | -10.71 | -15.02 | 0 | 0 | 0 | 21.75 | -6.45 | 6.57 | 0 | 0 | 0 | 23.14 | -7.99 | -48.49 | 2.23 | 0.9 | -31.38 | 16.35 | -9.02 | 9.66 | 17.00 | 11.59 | 21.87 | 18.62 | 12.3 | 9.4 | 26.48 | 6.05 | 71.73 | 69.06 | -7.67 | -15.24 | 0.39 | -7.14 | -37.1 | 35.28 | 0.0 | 0.0 | 16.28 | 0.0 | 7.53 | 0 | 0 | 0 | 40.81 | 5.18 | -7.14 | 57.09 | 3.65 | -3.37 | -0.73 | -1.39 | -46.0 | 40.08 | 5.25 | -7.76 | 0.00 | 0 | 0 |
| 21Q3 (11) | 67.3 | 15.02 | 0 | 0 | 0 | 0 | 23.25 | -9.04 | 0 | 0 | 0 | 0 | 25.15 | -47.47 | 0 | 2.21 | -49.43 | 0 | 17.97 | -16.38 | 0 | 15.24 | -34.21 | 0 | 16.58 | -3.1 | 0 | 24.97 | 1.42 | 0 | 74.8 | 0.9 | 0 | 0.42 | -14.29 | 0 | 35.28 | 0.0 | 0 | 16.28 | 0.0 | 0 | 0 | 0 | 0 | 38.8 | 6.04 | 0 | 55.08 | 4.18 | 0 | -0.72 | -10.77 | 0 | 38.08 | 5.95 | 0 | 0.00 | 0 | 0 |
| 21Q2 (10) | 58.51 | 0 | -46.75 | 0 | 0 | 0 | 25.56 | 0 | 42.16 | 0 | 0 | 0 | 47.88 | 0 | -22.72 | 4.37 | 0 | -48.47 | 21.49 | 0 | -21.2 | 23.16 | 0 | -47.38 | 17.11 | 0 | -11.99 | 24.62 | 0 | 67.14 | 74.13 | 0 | -27.35 | 0.49 | 0 | -39.51 | 35.28 | 0 | -45.96 | 16.28 | 0 | 7.53 | 0 | 0 | 0 | 36.59 | 0 | -10.82 | 52.87 | 0 | -5.88 | -0.65 | 0 | -109.68 | 35.94 | 0 | -11.74 | 0.00 | 0 | 0 |
