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) | 2.72 | -58.15 | 8.46 | -10.48 | 0 | 0 | 0 | 0 | 21.64 | 1.36 | 0.84 | -37.78 | 6.52 | -2.4 | 30.13 | -3.7 | 1.9 | 32.87 | 3.08 | 196.15 | 2.39 | -2.45 | 10.32 | 29.0 | 7.71 | 0.0 | 2.18 | 0.46 | 0 | 0 | 1.85 | 3600.0 | 4.02 | 11.36 | 1.49 | -43.13 | 3.34 | 25.09 | 0.07 | 14.25 |
| 2018 (9) | 6.5 | 29.48 | 9.45 | 35.58 | 0 | 0 | 0 | 0 | 21.35 | -19.07 | 1.35 | -45.34 | 6.68 | -8.49 | 31.29 | 13.07 | 1.43 | -43.48 | 1.04 | -11.11 | 2.45 | 0 | 8.0 | -8.05 | 7.71 | -1.28 | 2.17 | 13.02 | 1.38 | 0 | 0.05 | -98.28 | 3.61 | -25.26 | 2.62 | 0 | 2.67 | 75.66 | 0.06 | -55.21 |
| 2017 (8) | 5.02 | 143.69 | 6.97 | -23.15 | 0 | 0 | 0 | 0 | 26.38 | -19.33 | 2.47 | -1.2 | 7.3 | -22.01 | 27.67 | -3.32 | 2.53 | 42.13 | 1.17 | -23.53 | 0 | 0 | 8.7 | -8.71 | 7.81 | 0.0 | 1.92 | 14.97 | 0 | 0 | 2.9 | 98.63 | 4.83 | 54.31 | -1.38 | 0 | 1.52 | -35.32 | 0.13 | 7.93 |
| 2016 (7) | 2.06 | -52.97 | 9.07 | 56.65 | 0 | 0 | 0 | 0 | 32.7 | 21.43 | 2.5 | -12.28 | 9.36 | 24.3 | 28.62 | 2.37 | 1.78 | -29.64 | 1.53 | -1.29 | 0 | 0 | 9.53 | -12.41 | 7.81 | 0.0 | 1.67 | 20.14 | 0 | 0 | 1.46 | -73.84 | 3.13 | -55.03 | 0.89 | -73.11 | 2.35 | -73.57 | 0.12 | -11.33 |
| 2015 (6) | 4.38 | -27.72 | 5.79 | 121.84 | 0 | 0 | 0 | 0 | 26.93 | 22.13 | 2.85 | -31.65 | 7.53 | 15.31 | 27.96 | -5.58 | 2.53 | -10.6 | 1.55 | 0.65 | 0 | 0 | 10.88 | -6.93 | 7.81 | 0.0 | 1.39 | 43.3 | 0 | 0 | 5.58 | -6.22 | 6.96 | 0.58 | 3.31 | -35.35 | 8.89 | -19.69 | 0.14 | 19.66 |
| 2014 (5) | 6.06 | -34.84 | 2.61 | 0 | 0 | 0 | 0 | 0 | 22.05 | 18.74 | 4.17 | 17.46 | 6.53 | 40.73 | 29.61 | 18.52 | 2.83 | 45.88 | 1.54 | 12.41 | 0 | 0 | 11.69 | 90.08 | 7.81 | 0.39 | 0.97 | 56.45 | 0 | 0 | 5.95 | 20.45 | 6.92 | 24.46 | 5.12 | -18.99 | 11.07 | -1.69 | 0.12 | 76.61 |
| 2013 (4) | 9.3 | 0 | 0 | 0 | 0.66 | 0 | 0 | 0 | 18.57 | 0 | 3.55 | 0 | 4.64 | 0 | 24.99 | 0 | 1.94 | 0 | 1.37 | 0 | 0 | 0 | 6.15 | 0 | 7.78 | 0 | 0.62 | 0 | 0 | 0 | 4.94 | 0 | 5.56 | 0 | 6.32 | 0 | 11.26 | 0 | 0.07 | 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 | |||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 20Q2 (20) | 4.28 | 43.14 | -3.82 | 8.89 | 7.37 | -7.78 | 0.12 | 0 | 0 | 0 | 0 | 0 | 4.72 | 17.41 | -14.18 | -0.52 | -160.0 | -326.09 | 6.13 | -3.92 | -12.43 | 30.91 | -0.14 | -9.56 | 1.49 | -21.99 | -2.61 | 2.94 | -2.33 | -10.37 | 2.25 | -6.25 | -9.27 | 8.96 | -10.85 | -16.65 | 7.71 | 0.0 | 0.0 | 2.26 | 3.67 | 3.67 | 0 | 0 | 0 | 0.79 | -52.12 | -59.69 | 3.05 | -20.37 | -26.33 | 0.49 | -53.33 | -81.78 | 1.28 | -52.59 | -72.47 | 0.06 | -15.42 | -15.17 |
| 20Q1 (19) | 2.99 | 9.93 | -30.79 | 8.28 | -2.13 | -18.58 | 0 | 0 | 0 | 0 | 0 | 0 | 4.02 | -25.97 | -20.4 | -0.2 | -281.82 | -127.4 | 6.38 | -2.15 | -9.5 | 30.96 | 2.74 | -7.84 | 1.91 | 0.53 | 17.18 | 3.01 | -2.27 | -9.61 | 2.4 | 0.42 | -2.44 | 10.05 | -2.62 | -10.59 | 7.71 | 0.0 | 0.0 | 2.18 | 0.0 | 0.46 | 0 | 0 | -100.0 | 1.65 | -10.81 | 117.11 | 3.83 | -4.73 | -11.14 | 1.05 | -29.53 | -66.24 | 2.7 | -19.16 | -30.23 | 0.07 | 0.9 | -25.91 |
| 19Q4 (18) | 2.72 | -34.14 | -58.15 | 8.46 | -7.74 | -10.48 | 0 | 0 | 0 | 0 | 0 | 0 | 5.43 | -4.06 | 16.52 | 0.11 | 147.83 | 10.0 | 6.52 | -2.98 | -2.4 | 30.13 | -6.43 | -3.75 | 1.9 | 23.38 | 32.87 | 3.08 | -1.6 | 196.15 | 2.39 | -2.45 | -2.45 | 10.32 | 0.78 | 29.0 | 7.71 | 0.0 | 0.0 | 2.18 | 0.0 | 0.46 | 0 | 0 | -100.0 | 1.85 | 6.32 | 3600.0 | 4.02 | 2.81 | 11.36 | 1.49 | -16.76 | -43.13 | 3.34 | -5.38 | 25.09 | 0.07 | 2.39 | 14.25 |
| 19Q3 (17) | 4.13 | -7.19 | -35.16 | 9.17 | -4.88 | -13.57 | 0 | 0 | 0 | 0 | 0 | 0 | 5.66 | 2.91 | 7.4 | -0.23 | -200.0 | -483.33 | 6.72 | -4.0 | -13.51 | 32.20 | -5.79 | -7.96 | 1.54 | 0.65 | 13.24 | 3.13 | -4.57 | 198.1 | 2.45 | -1.21 | 0 | 10.24 | -4.74 | 27.05 | 7.71 | 0.0 | 0.0 | 2.18 | 0.0 | 0.46 | 0 | 0 | -100.0 | 1.74 | -11.22 | 4450.0 | 3.91 | -5.56 | 11.4 | 1.79 | -33.46 | 995.0 | 3.53 | -24.09 | 1570.83 | 0.07 | -2.91 | -2.51 |
| 19Q2 (16) | 4.45 | 3.01 | -16.98 | 9.64 | -5.21 | -10.41 | 0 | 0 | 0 | 0 | 0 | 0 | 5.5 | 8.91 | -8.49 | 0.23 | -68.49 | -4.17 | 7.0 | -0.71 | -20.99 | 34.18 | 1.76 | -8.22 | 1.53 | -6.13 | 22.4 | 3.28 | -1.5 | 195.5 | 2.48 | 0.81 | 0 | 10.75 | -4.36 | 26.77 | 7.71 | 0.0 | 0.0 | 2.18 | 0.46 | 0.46 | 0 | -100.0 | -100.0 | 1.96 | 157.89 | 629.73 | 4.14 | -3.94 | 29.78 | 2.69 | -13.5 | 278.87 | 4.65 | 20.16 | 1267.65 | 0.07 | -26.12 | -16.06 |
| 19Q1 (15) | 4.32 | -33.54 | -7.1 | 10.17 | 7.62 | 46.75 | 0 | 0 | 0 | 0 | 0 | 0 | 5.05 | 8.37 | -6.48 | 0.73 | 630.0 | -22.34 | 7.05 | 5.54 | -0.98 | 33.59 | 7.3 | 17.04 | 1.63 | 13.99 | -2.4 | 3.33 | 220.19 | 187.07 | 2.46 | 0.41 | 0 | 11.24 | 40.5 | 28.9 | 7.71 | 0.0 | -1.28 | 2.17 | 0.0 | 13.02 | 1.38 | 0.0 | 0 | 0.76 | 1420.0 | -83.41 | 4.31 | 19.39 | -33.69 | 3.11 | 18.7 | 265.88 | 3.87 | 44.94 | -28.73 | 0.09 | 55.58 | 1.08 |
| 18Q4 (14) | 6.5 | 2.04 | 0 | 9.45 | -10.93 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 4.66 | -11.57 | -15.73 | 0.1 | 66.67 | -70.59 | 6.68 | -14.03 | 0 | 31.30 | -10.52 | 0 | 1.43 | 5.15 | 0 | 1.04 | -0.95 | 0 | 2.45 | 0 | 0 | 8.0 | -0.74 | 0 | 7.71 | 0.0 | -1.28 | 2.17 | 0.0 | 0 | 1.38 | 0.0 | 0 | 0.05 | 225.0 | 0 | 3.61 | 2.85 | -25.26 | 2.62 | 1410.0 | 0 | 2.67 | 1212.5 | 0 | 0.06 | -12.63 | -55.21 |
| 18Q3 (13) | 6.37 | 18.84 | 0 | 10.61 | -1.39 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 5.27 | -12.31 | -23.07 | 0.06 | -75.0 | -92.11 | 7.77 | -12.3 | 0 | 34.98 | -6.06 | 0 | 1.36 | 8.8 | 0 | 1.05 | -5.41 | 0 | 0 | 0 | 0 | 8.06 | -4.95 | 0 | 7.71 | 0.0 | -1.28 | 2.17 | 0.0 | 0 | 1.38 | 0.0 | 0 | -0.04 | 89.19 | 0 | 3.51 | 10.03 | -21.83 | -0.2 | -128.17 | 0 | -0.24 | -170.59 | 0 | 0.07 | -16.41 | -49.42 |
| 18Q2 (12) | 5.36 | 15.27 | 0 | 10.76 | 55.27 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 6.01 | 11.3 | -14.51 | 0.24 | -74.47 | -55.56 | 8.86 | 24.44 | 0 | 37.24 | 29.77 | 0 | 1.25 | -25.15 | 0 | 1.11 | -4.31 | 0 | 0 | 0 | 0 | 8.48 | -2.75 | 0 | 7.71 | -1.28 | -1.28 | 2.17 | 13.02 | 0 | 1.38 | 0 | 0 | -0.37 | -108.08 | 0 | 3.19 | -50.92 | -14.71 | 0.71 | -16.47 | 0 | 0.34 | -93.74 | 0 | 0.08 | -11.03 | -40.71 |
| 18Q1 (11) | 4.65 | 0 | 0 | 6.93 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 5.4 | -2.35 | -22.53 | 0.94 | 176.47 | 11.9 | 7.12 | 0 | 0 | 28.70 | 0 | 0 | 1.67 | 0 | 0 | 1.16 | 0 | 0 | 0 | 0 | 0 | 8.72 | 0 | 0 | 7.81 | 0.0 | 0.0 | 1.92 | 0 | 0 | 0 | 0 | 0 | 4.58 | 0 | 0 | 6.5 | 34.58 | 63.73 | 0.85 | 0 | 0 | 5.43 | 0 | 0 | 0.09 | -31.05 | -28.54 |
| 17Q4 (10) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 5.53 | -19.27 | -38.49 | 0.34 | -55.26 | -26.09 | 0 | 0 | 0 | 0.00 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 7.81 | 0.0 | 0.0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 4.83 | 7.57 | 54.31 | 0 | 0 | 0 | 0 | 0 | 0 | 0.13 | -1.35 | 7.93 |
| 17Q3 (9) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 6.85 | -2.56 | -18.16 | 0.76 | 40.74 | 5.56 | 0 | 0 | 0 | 0.00 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 7.81 | 0.0 | 0.0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 4.49 | 20.05 | 74.03 | 0 | 0 | 0 | 0 | 0 | 0 | 0.14 | -2.01 | 0 |
| 17Q2 (8) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 7.03 | 0.86 | -14.48 | 0.54 | -35.71 | -3.57 | 0 | 0 | 0 | 0.00 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 7.81 | 0.0 | 0.0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3.74 | -5.79 | -47.47 | 0 | 0 | 0 | 0 | 0 | 0 | 0.14 | 7.21 | 0 |
| 17Q1 (7) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 6.97 | -22.47 | -2.11 | 0.84 | 82.61 | 0 | 0 | 0 | 0 | 0.00 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 7.81 | 0.0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3.97 | 26.84 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.13 | 4.14 | 0 |
| 16Q4 (6) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 8.99 | 7.41 | 32.6 | 0.46 | -36.11 | 0 | 0 | 0 | 0 | 0.00 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 7.81 | 0.0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3.13 | 21.32 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.12 | 0 | 0 |
| 16Q3 (5) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 8.37 | 1.82 | 9.27 | 0.72 | 28.57 | 0 | 0 | 0 | 0 | 0.00 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 7.81 | 0.0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2.58 | -63.76 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.00 | 0 | 0 |
| 16Q2 (4) | 0 | 0 | 0.0 | 0 | 0 | 0.0 | 0 | 0 | 0.0 | 0 | 0 | 0.0 | 8.22 | 15.45 | 0.0 | 0.56 | 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 | 7.81 | 0 | 0.0 | 0 | 0 | 0.0 | 0 | 0 | 0.0 | 0 | 0 | 0.0 | 7.12 | 0 | 0.0 | 0 | 0 | 0.0 | 0 | 0 | 0.0 | 0.00 | 0 | 0.0 |
