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 | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2018 (10) | 2.96 | -28.33 | 25.98 | -4.34 | 9.45 | 44.72 | 0 | 0 | 51.68 | -9.95 | 0.75 | 0 | 24.12 | -3.94 | 46.67 | 6.67 | 39.73 | 0.43 | 2.17 | -9.58 | 29.16 | -23.06 | 1.42 | 1320.0 | 41.67 | 11.57 | 0 | 0 | 0 | 0 | 2.0 | 0 | 2.0 | 0 | -7.98 | 0 | -5.98 | 0 | 0.02 | 10.75 |
| 2017 (9) | 4.13 | -34.86 | 27.16 | -21.66 | 6.53 | 737.18 | 0 | 0 | 57.39 | -28.56 | -18.41 | 0 | 25.11 | -40.68 | 43.75 | -16.97 | 39.56 | 5.52 | 2.4 | -7.34 | 37.9 | -8.59 | 0.1 | -64.29 | 37.35 | 0.0 | 0 | 0 | 0 | 0 | -18.42 | 0 | -18.42 | 0 | -2.32 | 0 | -20.74 | 0 | 0.02 | -14.3 |
| 2016 (8) | 6.34 | -11.45 | 34.67 | -11.69 | 0.78 | -83.3 | 0 | 0 | 80.33 | -4.26 | -4.53 | 0 | 42.33 | 21.5 | 52.70 | 26.9 | 37.49 | 9.78 | 2.59 | -10.07 | 41.46 | 42.33 | 0.28 | 40.0 | 37.35 | 18.38 | 0.67 | 42.55 | 0 | 0 | -2.69 | 0 | -2.02 | 0 | -2.14 | 0 | -4.83 | 0 | 0.02 | -4.49 |
| 2015 (7) | 7.16 | -36.8 | 39.26 | 6.54 | 4.67 | -12.87 | 0 | 0 | 83.9 | -7.07 | 1.99 | -48.58 | 34.84 | -23.46 | 41.53 | -17.64 | 34.15 | 50.97 | 2.88 | -20.22 | 29.13 | 18.41 | 0.2 | 11.11 | 31.55 | -1.62 | 0.47 | 487.5 | 0.74 | 0.0 | 2.26 | -41.75 | 3.47 | -26.33 | 0.74 | -84.19 | 3.0 | -64.95 | 0.02 | 2.76 |
| 2014 (6) | 11.33 | 35.53 | 36.85 | 2.36 | 5.36 | 168.0 | 0 | 0 | 90.28 | 27.1 | 3.87 | 86.96 | 45.52 | 44.65 | 50.42 | 13.8 | 22.62 | 19.68 | 3.61 | -10.42 | 24.6 | 27.33 | 0.18 | -18.18 | 32.07 | -2.94 | 0.08 | 0.0 | 0.74 | 0.0 | 3.88 | 0 | 4.71 | 1139.47 | 4.68 | 0 | 8.56 | 0 | 0.02 | -17.27 |
| 2013 (5) | 8.36 | 0 | 36.0 | 0 | 2.0 | 0 | 0 | 0 | 71.03 | 0 | 2.07 | 0 | 31.47 | 0 | 44.31 | 0 | 18.9 | 0 | 4.03 | 0 | 19.32 | 0 | 0.22 | 0 | 33.04 | 0 | 0.08 | 0 | 0.74 | 0 | -0.45 | 0 | 0.38 | 0 | -0.92 | 0 | -1.37 | 0 | 0.03 | 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 | |||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 19Q3 (20) | 1.73 | -37.99 | -51.68 | 24.01 | -0.21 | -6.65 | 5.55 | 418.69 | -43.54 | 0 | 0 | 0 | 10.16 | -11.5 | -15.68 | -0.18 | 92.56 | -280.0 | 24.24 | 0.41 | -4.19 | 52.76 | 4.55 | 12.64 | 40.15 | -1.54 | 3.21 | 2.01 | -1.95 | -7.37 | 29.53 | -11.67 | 0.68 | 1.32 | -2.94 | -9.59 | 46.12 | 0.0 | 10.68 | 0.08 | 0.0 | 0 | 1.92 | 0.0 | 0 | -2.62 | -7.82 | -201.55 | -0.62 | -40.91 | -124.03 | -8.91 | -14.08 | -12.78 | -11.53 | -12.6 | -116.73 | 0.01 | -1.15 | -44.98 |
| 19Q2 (19) | 2.79 | -1.76 | 2.57 | 24.06 | -4.71 | -5.01 | 1.07 | -88.2 | -89.13 | 0 | 0 | 0 | 11.48 | -3.77 | -18.18 | -2.42 | -6150.0 | -510.17 | 24.14 | 3.96 | -6.58 | 50.47 | 9.5 | 9.46 | 40.78 | 1.32 | 7.4 | 2.05 | -1.91 | -11.26 | 33.43 | 34.2 | 0.84 | 1.36 | -2.16 | 1.49 | 46.12 | 0.0 | 23.48 | 0.08 | 0 | 0 | 1.92 | 0 | 0 | -2.43 | -217.96 | -198.38 | -0.44 | -121.36 | -117.81 | -7.81 | -2.76 | -25.16 | -10.24 | -84.84 | -171.62 | 0.01 | 7.74 | -39.7 |
| 19Q1 (18) | 2.84 | -4.05 | -28.64 | 25.25 | -2.81 | -10.05 | 9.07 | -4.02 | -13.21 | 0 | 0 | 0 | 11.93 | -3.56 | -9.83 | 0.04 | 114.29 | -88.57 | 23.22 | -3.73 | -1.98 | 46.09 | -1.25 | 6.75 | 40.25 | 1.31 | 3.13 | 2.09 | -3.69 | -8.33 | 24.91 | -14.57 | -25.26 | 1.39 | -2.11 | 1.46 | 46.12 | 10.68 | 23.48 | 0 | 0 | 0 | 0 | 0 | 0 | 2.06 | 3.0 | 113.05 | 2.06 | 3.0 | 113.05 | -7.6 | 4.76 | -5.26 | -5.54 | 7.36 | 75.91 | 0.01 | -49.07 | -48.76 |
| 18Q4 (17) | 2.96 | -17.32 | -28.33 | 25.98 | 1.01 | -4.34 | 9.45 | -3.87 | 44.72 | 0 | 0 | 0 | 12.37 | 2.66 | -15.85 | -0.28 | -380.0 | 98.21 | 24.12 | -4.66 | -3.94 | 46.67 | -0.37 | 6.65 | 39.73 | 2.13 | 0.43 | 2.17 | 0.0 | -9.58 | 29.16 | -0.58 | -23.06 | 1.42 | -2.74 | 1320.0 | 41.67 | 0.0 | 11.57 | 0 | 0 | 0 | 0 | 0 | 0 | 2.0 | -22.48 | 110.86 | 2.0 | -22.48 | 110.86 | -7.98 | -1.01 | -243.97 | -5.98 | -12.41 | 71.17 | 0.02 | 1.43 | 10.75 |
| 18Q3 (16) | 3.58 | 31.62 | 0 | 25.72 | 1.54 | 0 | 9.83 | -0.1 | 0 | 0 | 0 | 0 | 12.05 | -14.11 | -14.42 | 0.1 | -83.05 | 108.47 | 25.3 | -2.09 | 0 | 46.84 | 1.59 | 0 | 38.9 | 2.45 | 0 | 2.17 | -6.06 | 0 | 29.33 | -11.52 | 0 | 1.46 | 8.96 | 0 | 41.67 | 11.57 | 11.57 | 0 | 0 | 0 | 0 | 0 | 0 | 2.58 | 4.45 | 0 | 2.58 | 4.45 | 193.82 | -7.9 | -26.6 | 0 | -5.32 | -41.11 | 0 | 0.02 | 8.35 | 47.82 |
| 18Q2 (15) | 2.72 | -31.66 | 0 | 25.33 | -9.76 | 0 | 9.84 | -5.84 | 0 | 0 | 0 | 0 | 14.03 | 6.05 | 9.1 | 0.59 | 68.57 | 883.33 | 25.84 | 9.08 | 0 | 46.11 | 6.8 | 0 | 37.97 | -2.72 | 0 | 2.31 | 1.32 | 0 | 33.15 | -0.54 | 0 | 1.34 | -2.19 | 0 | 37.35 | 0.0 | 0.0 | 0 | 0 | 0 | 0 | 0 | 0 | 2.47 | 115.65 | 0 | 2.47 | 115.65 | 257.32 | -6.24 | 13.57 | 0 | -3.77 | 83.61 | 0 | 0.02 | -8.46 | 4.26 |
| 18Q1 (14) | 3.98 | -3.63 | 0 | 28.07 | 3.35 | 0 | 10.45 | 60.03 | 0 | 0 | 0 | 0 | 13.23 | -10.0 | -15.95 | 0.35 | 102.23 | 121.34 | 23.69 | -5.66 | 0 | 43.17 | -1.34 | 0 | 39.03 | -1.34 | 0 | 2.28 | -5.0 | 0 | 33.33 | -12.06 | 0 | 1.37 | 1270.0 | 0 | 37.35 | 0.0 | 0.0 | 0 | 0 | 0 | 0 | 0 | 0 | -15.78 | 14.33 | 0 | -15.78 | 14.33 | -331.15 | -7.22 | -211.21 | 0 | -23.0 | -10.9 | 0 | 0.02 | 10.09 | 14.05 |
| 17Q4 (13) | 4.13 | 0 | 0 | 27.16 | 0 | 0 | 6.53 | 0 | 0 | 0 | 0 | 0 | 14.7 | 4.4 | -14.19 | -15.66 | -1227.12 | -217.65 | 25.11 | 0 | 0 | 43.76 | 0 | 0 | 39.56 | 0 | 0 | 2.4 | 0 | 0 | 37.9 | 0 | 0 | 0.1 | 0 | 0 | 37.35 | 0.0 | 0.0 | 0 | 0 | 0 | 0 | 0 | 0 | -18.42 | 0 | 0 | -18.42 | -569.82 | -811.88 | -2.32 | 0 | 0 | -20.74 | 0 | 0 | 0.02 | 35.38 | -14.3 |
| 17Q3 (12) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 14.08 | 9.49 | -35.77 | -1.18 | -2066.67 | -1785.71 | 0 | 0 | 0 | 0.00 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 37.35 | 0.0 | 18.38 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -2.75 | -75.16 | -193.86 | 0 | 0 | 0 | 0 | 0 | 0 | 0.01 | -23.58 | 0 |
| 17Q2 (11) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 12.86 | -18.3 | -39.57 | 0.06 | 103.66 | -80.0 | 0 | 0 | 0 | 0.00 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 37.35 | 0.0 | 18.38 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1.57 | 57.1 | -155.09 | 0 | 0 | 0 | 0 | 0 | 0 | 0.02 | 0.14 | 0 |
| 17Q1 (10) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 15.74 | -8.11 | -21.38 | -1.64 | 66.73 | 0 | 0 | 0 | 0 | 0.00 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 37.35 | 0.0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -3.66 | -81.19 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.02 | -17.28 | 0 |
| 16Q4 (9) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 17.13 | -21.85 | -24.97 | -4.93 | -7142.86 | 0 | 0 | 0 | 0 | 0.00 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 37.35 | 18.38 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -2.02 | -168.94 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.02 | 0 | 0 |
| 16Q3 (8) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 21.92 | 3.01 | 37.09 | 0.07 | -76.67 | 0 | 0 | 0 | 0 | 0.00 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 31.55 | 0.0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2.93 | 2.81 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.00 | 0 | 0 |
| 16Q2 (7) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 21.28 | 6.29 | -4.62 | 0.3 | 0 | 0 | 0 | 0 | 0 | 0.00 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 31.55 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2.85 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.00 | 0 | 0 |
| 16Q1 (6) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 20.02 | -12.31 | -14.0 | 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 | 0.00 | 0 | 0 |
| 15Q4 (5) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 22.83 | 42.78 | -8.79 | 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 | 0.00 | 0 | 0 |
| 15Q3 (4) | 0 | 0 | 0.0 | 0 | 0 | 0.0 | 0 | 0 | 0.0 | 0 | 0 | 0.0 | 15.99 | -28.33 | 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 |
