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 | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2019 (10) | 10.35 | 47.86 | 2.78 | -32.36 | 0.28 | -46.15 | 0 | 0 | 47.64 | 45.2 | 3.75 | -9.42 | 8.06 | 6.33 | 16.92 | -26.77 | 11.47 | 1.5 | 8.78 | -2.98 | 0.94 | -14.55 | 0.02 | 0.0 | 40.2 | 0.0 | 2.58 | 18.89 | 2.26 | -15.04 | 9.6 | 32.05 | 14.44 | 19.34 | -2.72 | 0 | 6.88 | 37.33 | 0.09 | 3.73 |
| 2018 (9) | 7.0 | 1.45 | 4.11 | -11.04 | 0.52 | 0 | 0 | 0 | 32.81 | 8.97 | 4.14 | 76.92 | 7.58 | 74.65 | 23.10 | 60.28 | 11.3 | 25.28 | 9.05 | 16.93 | 1.1 | 0 | 0.02 | 0.0 | 40.2 | 0.0 | 2.17 | 11.86 | 2.66 | 66.25 | 7.27 | 42.55 | 12.1 | 40.21 | -2.26 | 0 | 5.01 | 105.33 | 0.09 | 68.34 |
| 2017 (8) | 6.9 | 14.24 | 4.62 | -18.23 | 0 | 0 | 0 | 0 | 30.11 | -30.73 | 2.34 | 0 | 4.34 | -21.52 | 14.41 | 13.3 | 9.02 | -7.87 | 7.74 | 63.29 | 0 | 0 | 0.02 | -33.33 | 40.2 | 0.0 | 1.94 | 0.0 | 1.6 | 0.0 | 5.1 | 106.48 | 8.63 | 43.83 | -2.66 | 0 | 2.44 | 14.02 | 0.05 | -6.52 |
| 2016 (7) | 6.04 | 0.5 | 5.65 | -25.36 | 0.15 | -54.55 | 0 | 0 | 43.47 | -30.57 | -2.78 | 0 | 5.53 | -12.22 | 12.72 | 26.43 | 9.79 | -34.21 | 4.74 | 26.06 | 0 | 0 | 0.03 | -25.0 | 40.2 | 0.0 | 1.94 | 10.86 | 1.6 | 0.0 | 2.47 | -50.89 | 6.0 | -28.4 | -0.33 | 0 | 2.14 | -62.72 | 0.05 | -2.13 |
| 2015 (6) | 6.01 | -24.78 | 7.57 | 16.1 | 0.33 | -85.53 | 0 | 0 | 62.61 | -7.44 | 1.83 | 815.0 | 6.3 | -20.55 | 10.06 | -14.17 | 14.88 | -13.74 | 3.76 | -19.31 | 4.56 | -21.65 | 0.04 | -20.0 | 40.2 | 0.0 | 1.75 | 1.16 | 1.6 | 0.0 | 5.03 | 33.78 | 8.38 | 18.19 | 0.71 | 5.97 | 5.74 | 29.57 | 0.06 | -7.44 |
| 2014 (5) | 7.99 | -24.62 | 6.52 | -23.65 | 2.28 | 2.24 | 0 | 0 | 67.64 | 2.81 | 0.2 | 17.65 | 7.93 | 18.18 | 11.72 | 14.95 | 17.25 | -8.63 | 4.66 | 1.08 | 5.82 | -38.15 | 0.05 | -16.67 | 40.2 | 0.0 | 1.73 | 0.58 | 1.6 | 0.0 | 3.76 | 5.92 | 7.09 | 3.35 | 0.67 | 0 | 4.43 | 33.84 | 0.06 | 6.94 |
| 2013 (4) | 10.6 | 0 | 8.54 | 0 | 2.23 | 0 | 0 | 0 | 65.79 | 0 | 0.17 | 0 | 6.71 | 0 | 10.20 | 0 | 18.88 | 0 | 4.61 | 0 | 9.41 | 0 | 0.06 | 0 | 40.2 | 0 | 1.72 | 0 | 1.6 | 0 | 3.55 | 0 | 6.86 | 0 | -0.24 | 0 | 3.31 | 0 | 0.06 | 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 | |||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 20Q1 (20) | 11.57 | 11.79 | 98.8 | 2.92 | 5.04 | -31.13 | 0.26 | -7.14 | -31.58 | 0 | 0 | 0 | 0 | -100.0 | -100.0 | 0 | -100.0 | -100.0 | 7.75 | -3.85 | 0.91 | 20.81 | 22.95 | -1.47 | 11.97 | 4.36 | -9.39 | 9.53 | 8.54 | 5.42 | 0.85 | -9.57 | -27.35 | 0.02 | 0.0 | 0.0 | 40.2 | 0.0 | 0.0 | 2.58 | 0.0 | 18.89 | 2.26 | 0.0 | -15.04 | 9.92 | 3.33 | 20.68 | 14.76 | 2.22 | 13.19 | -2.82 | -3.68 | -32.39 | 7.1 | 3.2 | 16.58 | 0.09 | 2.43 | 4.82 |
| 19Q4 (19) | 10.35 | 31.85 | 47.86 | 2.78 | -21.91 | -32.36 | 0.28 | -3.45 | -46.15 | 0 | 0 | 0 | 13.3 | 5.14 | 30.91 | 1.1 | 5.77 | 587.5 | 8.06 | -4.95 | 6.33 | 16.92 | -11.22 | -26.75 | 11.47 | 0.09 | 1.5 | 8.78 | -4.46 | -2.98 | 0.94 | -12.96 | -14.55 | 0.02 | 0.0 | 0.0 | 40.2 | 0.0 | 0.0 | 2.58 | 0.0 | 18.89 | 2.26 | 0.0 | -15.04 | 9.6 | 12.94 | 32.05 | 14.44 | 8.25 | 19.34 | -2.72 | -41.67 | -20.35 | 6.88 | 4.56 | 37.33 | 0.09 | -0.24 | 3.73 |
| 19Q3 (18) | 7.85 | 21.71 | 6.66 | 3.56 | -12.96 | -26.45 | 0.29 | -19.44 | -25.64 | 0 | 0 | 0 | 12.65 | 11.95 | 49.88 | 1.04 | 55.22 | 31.65 | 8.48 | -0.59 | 10.99 | 19.06 | -9.99 | -23.81 | 11.46 | -12.32 | 6.31 | 9.19 | 0.22 | 0.77 | 1.08 | -0.92 | -33.33 | 0.02 | 0.0 | 0.0 | 40.2 | 0.0 | 0.0 | 2.58 | 0.0 | 18.89 | 2.26 | 0.0 | -15.04 | 8.5 | 13.94 | 19.05 | 13.34 | 8.37 | 11.54 | -1.92 | 6.8 | 20.0 | 6.58 | 21.85 | 38.82 | 0.09 | 2.04 | 6.94 |
| 19Q2 (17) | 6.45 | 10.82 | -27.69 | 4.09 | -3.54 | 59.77 | 0.36 | -5.26 | 0 | 0 | 0 | 0 | 11.3 | 8.86 | 52.91 | 0.67 | -28.72 | -43.22 | 8.53 | 11.07 | 66.6 | 21.18 | 0.29 | 22.88 | 13.07 | -1.06 | 43.15 | 9.17 | 1.44 | 4.2 | 1.09 | -6.84 | 0 | 0.02 | 0.0 | 0.0 | 40.2 | 0.0 | 0.0 | 2.58 | 18.89 | 18.89 | 2.26 | -15.04 | -15.04 | 7.46 | -9.25 | 17.48 | 12.31 | -5.6 | 10.11 | -2.06 | 3.29 | 5.94 | 5.4 | -11.33 | 29.81 | 0.09 | 0.53 | 79.03 |
| 19Q1 (16) | 5.82 | -16.86 | -17.33 | 4.24 | 3.16 | 90.99 | 0.38 | -26.92 | 0 | 0 | 0 | 0 | 10.38 | 2.17 | 52.2 | 0.94 | 487.5 | -53.23 | 7.68 | 1.32 | 84.17 | 21.12 | -8.6 | 48.78 | 13.21 | 16.9 | 48.26 | 9.04 | -0.11 | 16.34 | 1.17 | 6.36 | 0 | 0.02 | 0.0 | 0.0 | 40.2 | 0.0 | 0.0 | 2.17 | 0.0 | 11.86 | 2.66 | 0.0 | 66.25 | 8.22 | 13.07 | 15.61 | 13.04 | 7.77 | 22.44 | -2.13 | 5.75 | 29.93 | 6.09 | 21.56 | 49.63 | 0.09 | 1.37 | 76.88 |
| 18Q4 (15) | 7.0 | -4.89 | 0 | 4.11 | -15.08 | 0 | 0.52 | 33.33 | 0 | 0 | 0 | 0 | 10.16 | 20.38 | 28.77 | 0.16 | -79.75 | -80.49 | 7.58 | -0.79 | 0 | 23.10 | -7.65 | 0 | 11.3 | 4.82 | 0 | 9.05 | -0.77 | 0 | 1.1 | -32.1 | 0 | 0.02 | 0.0 | 0 | 40.2 | 0.0 | 0.0 | 2.17 | 0.0 | 0 | 2.66 | 0.0 | 0 | 7.27 | 1.82 | 0 | 12.1 | 1.17 | 40.21 | -2.26 | 5.83 | 0 | 5.01 | 5.7 | 0 | 0.09 | 2.85 | 68.34 |
| 18Q3 (14) | 7.36 | -17.49 | 0 | 4.84 | 89.06 | 0 | 0.39 | 0 | 0 | 0 | 0 | 0 | 8.44 | 14.21 | 10.91 | 0.79 | -33.05 | 27.42 | 7.64 | 49.22 | 0 | 25.02 | 45.16 | 0 | 10.78 | 18.07 | 0 | 9.12 | 3.64 | 0 | 1.62 | 0 | 0 | 0.02 | 0.0 | 0 | 40.2 | 0.0 | 0.0 | 2.17 | 0.0 | 0 | 2.66 | 0.0 | 0 | 7.14 | 12.44 | 0 | 11.96 | 6.98 | 59.04 | -2.4 | -9.59 | 0 | 4.74 | 13.94 | 0 | 0.08 | 70.82 | 61.89 |
| 18Q2 (13) | 8.92 | 26.7 | 0 | 2.56 | 15.32 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 7.39 | 8.36 | 4.67 | 1.18 | -41.29 | 110.71 | 5.12 | 22.78 | 0 | 17.23 | 21.42 | 0 | 9.13 | 2.47 | 0 | 8.8 | 13.26 | 0 | 0 | 0 | 0 | 0.02 | 0.0 | 0 | 40.2 | 0.0 | 0.0 | 2.17 | 11.86 | 0 | 2.66 | 66.25 | 0 | 6.35 | -10.69 | 0 | 11.18 | 4.98 | 61.79 | -2.19 | 27.96 | 0 | 4.16 | 2.21 | 0 | 0.05 | -0.68 | -3.48 |
| 18Q1 (12) | 7.04 | 0 | 0 | 2.22 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 6.82 | -13.56 | -9.79 | 2.01 | 145.12 | 491.18 | 4.17 | 0 | 0 | 14.19 | 0 | 0 | 8.91 | 0 | 0 | 7.77 | 0 | 0 | 0 | 0 | 0 | 0.02 | 0 | 0 | 40.2 | 0.0 | 0.0 | 1.94 | 0 | 0 | 1.6 | 0 | 0 | 7.11 | 0 | 0 | 10.65 | 23.41 | 67.98 | -3.04 | 0 | 0 | 4.07 | 0 | 0 | 0.05 | -3.52 | -8.95 |
| 17Q4 (11) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 7.89 | 3.68 | -33.97 | 0.82 | 32.26 | 121.3 | 0 | 0 | 0 | 0.00 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 40.2 | 0.0 | 0.0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 8.63 | 14.76 | 43.83 | 0 | 0 | 0 | 0 | 0 | 0 | 0.05 | -1.1 | -6.52 |
| 17Q3 (10) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 7.61 | 7.79 | -25.97 | 0.62 | 10.71 | 8.77 | 0 | 0 | 0 | 0.00 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 40.2 | 0.0 | 0.0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 7.52 | 8.83 | -20.42 | 0 | 0 | 0 | 0 | 0 | 0 | 0.05 | 1.85 | 0 |
| 17Q2 (9) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 7.06 | -6.61 | -36.62 | 0.56 | 64.71 | 700.0 | 0 | 0 | 0 | 0.00 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 40.2 | 0.0 | 0.0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 6.91 | 8.99 | -22.18 | 0 | 0 | 0 | 0 | 0 | 0 | 0.05 | -6.31 | 0 |
| 17Q1 (8) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 7.56 | -36.74 | -25.15 | 0.34 | 108.83 | 0 | 0 | 0 | 0 | 0.00 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 40.2 | 0.0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 6.34 | 5.67 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.05 | -0.94 | 0 |
| 16Q4 (7) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 11.95 | 16.25 | -23.2 | -3.85 | -775.44 | 0 | 0 | 0 | 0 | 0.00 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 40.2 | 0.0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 6.0 | -36.51 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.05 | 0 | 0 |
| 16Q3 (6) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 10.28 | -7.72 | -31.33 | 0.57 | 714.29 | 0 | 0 | 0 | 0 | 0.00 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 40.2 | 0.0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 9.45 | 6.42 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.00 | 0 | 0 |
| 16Q2 (5) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 11.14 | 10.3 | -35.76 | 0.07 | 0 | 0 | 0 | 0 | 0 | 0.00 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 40.2 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 8.88 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.00 | 0 | 0 |
| 16Q1 (4) | 0 | 0 | 0.0 | 0 | 0 | 0.0 | 0 | 0 | 0.0 | 0 | 0 | 0.0 | 10.1 | -35.09 | 0.0 | 0 | 0 | 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 | 0 | 0 | 0.0 | 0 | 0 | 0.0 | 0 | 0 | 0.0 | 0 | 0 | 0.0 | 0 | 0 | 0.0 | 0 | 0 | 0.0 | 0 | 0 | 0.0 | 0.00 | 0 | 0.0 |
