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 | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2020 (10) | 13.43 | 31.15 | 0.16 | -65.22 | 1.15 | -63.49 | 0 | 0 | 1.02 | -51.2 | -9.82 | 0 | 0.09 | -40.0 | 8.82 | 22.94 | 0 | 0 | 0 | 0 | 4.69 | 737.5 | 0.01 | -50.0 | 8.42 | 13.48 | 0 | 0 | 0 | 0 | -27.0 | 0 | -27.0 | 0 | -0.04 | 0 | -27.04 | 0 | 0.49 | 0 |
| 2019 (9) | 10.24 | 26.89 | 0.46 | 0.0 | 3.15 | 246.15 | 0 | 0 | 2.09 | 237.1 | -8.08 | 0 | 0.15 | 66.67 | 7.18 | -50.56 | 0 | 0 | 0 | 0 | 0.56 | -84.78 | 0.02 | -50.0 | 7.42 | 15.94 | 0 | 0 | 0 | 0 | -17.18 | 0 | -17.18 | 0 | -0.08 | 0 | -17.26 | 0 | 0.00 | 0 |
| 2018 (8) | 8.07 | -15.23 | 0.46 | 0.0 | 0.91 | 75.0 | 0 | 0 | 0.62 | 24.0 | -9.02 | 0 | 0.09 | 0.0 | 14.52 | -19.35 | 0 | 0 | 0 | 0 | 3.68 | 457.58 | 0.04 | -55.56 | 6.4 | 13.88 | 0 | 0 | 0 | 0 | -9.1 | 0 | -9.1 | 0 | -0.14 | 0 | -9.24 | 0 | 0.00 | 0 |
| 2017 (7) | 9.52 | -47.08 | 0.46 | 0.0 | 0.52 | 85.71 | 0 | 0 | 0.5 | 19.05 | -8.74 | 0 | 0.09 | -47.06 | 18.00 | -55.53 | 0 | 0 | 0 | 0 | 0.66 | -5.71 | 0.09 | -30.77 | 5.62 | 0.9 | 0 | 0 | 0 | 0 | -8.74 | 0 | -8.74 | 0 | -0.23 | 0 | -8.97 | 0 | 0.00 | 0 |
| 2016 (6) | 17.99 | -24.57 | 0.46 | 0.0 | 0.28 | 833.33 | 0 | 0 | 0.42 | -30.0 | -8.24 | 0 | 0.17 | -34.62 | 40.48 | -6.59 | 0 | 0 | 0 | 0 | 0.7 | -2.78 | 0.13 | -31.58 | 5.57 | 0.18 | 0 | 0 | 0 | 0 | -8.25 | 0 | -8.25 | 0 | -0.08 | 0 | -8.33 | 0 | 0.00 | 0 |
| 2015 (5) | 23.85 | -19.37 | 0.46 | 0 | 0.03 | -75.0 | 0 | 0 | 0.6 | -37.5 | -6.76 | 0 | 0.26 | 333.33 | 43.33 | 593.33 | 0 | 0 | 0 | 0 | 0.72 | 80.0 | 0.19 | -17.39 | 5.56 | 0.36 | 0 | 0 | 0 | 0 | -6.74 | 0 | -6.74 | 0 | -0.13 | 0 | -6.87 | 0 | 0.00 | 0 |
| 2014 (4) | 29.58 | -13.94 | 0 | 0 | 0.12 | -36.84 | 0 | 0 | 0.96 | -39.62 | -6.33 | 0 | 0.06 | 0.0 | 6.25 | 65.63 | 0 | 0 | 0 | 0 | 0.4 | -21.57 | 0.23 | -11.54 | 5.54 | 1.47 | 0 | 0 | 0 | 0 | -6.39 | 0 | -6.39 | 0 | -0.39 | 0 | -6.78 | 0 | 0.00 | 0 |
| 2013 (3) | 34.37 | 0 | 0 | 0 | 0.19 | 0 | 0 | 0 | 1.59 | 0 | -4.01 | 0 | 0.06 | 0 | 3.77 | 0 | 0 | 0 | 0 | 0 | 0.51 | 0 | 0.26 | 0 | 5.46 | 0 | 0 | 0 | 0 | 0 | -4.06 | 0 | -4.06 | 0 | 0 | 0 | -4.06 | 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 | |||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 21Q2 (20) | 6.97 | -35.46 | -43.56 | 0.16 | 0.0 | -65.22 | 0 | 0 | 0 | 0 | 0 | 0 | 1.6 | 321.05 | 1233.33 | -0.55 | 72.64 | 77.27 | 1.57 | 348.57 | 1862.5 | 56.88 | 108.03 | 291.08 | 0 | 0 | 0 | 0 | 0 | 0 | 3.73 | -11.61 | -17.29 | 0.01 | 0.0 | -50.0 | 8.42 | 0.0 | 0.0 | 0 | 0 | 0 | 0 | 0 | 0 | -29.57 | -1.93 | -35.95 | -29.57 | -1.93 | -35.95 | -0.16 | -77.78 | -128.57 | -29.73 | -2.16 | -36.25 | 0.68 | 8.17 | 0 |
| 21Q1 (19) | 10.8 | -19.58 | 58.59 | 0.16 | 0.0 | -65.22 | 0 | -100.0 | 0 | 0 | 0 | 0 | 0.38 | 216.67 | 216.67 | -2.01 | 30.93 | 6.51 | 0.35 | 288.89 | 400.0 | 27.34 | 209.9 | 150.0 | 0 | 0 | 0 | 0 | 0 | 0 | 4.22 | -10.02 | 696.23 | 0.01 | 0.0 | -66.67 | 8.42 | 0.0 | 13.48 | 0 | 0 | 0 | 0 | 0 | 0 | -29.01 | -7.44 | -50.16 | -29.01 | -7.44 | -50.16 | -0.09 | -125.0 | 10.0 | -29.1 | -7.62 | -49.85 | 0.63 | 28.3 | 0 |
| 20Q4 (18) | 13.43 | 32.32 | 31.15 | 0.16 | 0.0 | -65.22 | 1.15 | 40.24 | -63.49 | 0 | 0 | 0 | 0.12 | -81.82 | 0.0 | -2.91 | -24.36 | -5.43 | 0.09 | -86.15 | -40.0 | 8.82 | -86.15 | 23.53 | 0 | 0 | 0 | 0 | 0 | 0 | 4.69 | 16.67 | 737.5 | 0.01 | -50.0 | -50.0 | 8.42 | 0.0 | 13.48 | 0 | 0 | 0 | 0 | 0 | 0 | -27.0 | -12.13 | -57.16 | -27.0 | -12.13 | -57.16 | -0.04 | 33.33 | 50.0 | -27.04 | -12.01 | -56.66 | 0.49 | 0 | 0 |
| 20Q3 (17) | 10.15 | -17.81 | 0.69 | 0.16 | -65.22 | -65.22 | 0.82 | 0 | -76.37 | 0 | 0 | 0 | 0.66 | 450.0 | 247.37 | -2.34 | 3.31 | -31.46 | 0.65 | 712.5 | 622.22 | 63.73 | 338.11 | 1422.33 | 0 | 0 | 0 | 0 | 0 | 0 | 4.02 | -10.86 | 617.86 | 0.02 | 0.0 | -33.33 | 8.42 | 0.0 | -29.48 | 0 | 0 | 0 | 0 | 0 | 0 | -24.08 | -10.71 | -66.99 | -24.08 | -10.71 | -66.99 | -0.06 | 14.29 | 14.29 | -24.14 | -10.63 | -66.6 | 0.00 | 0 | 0 |
| 20Q2 (16) | 12.35 | 81.35 | 80.29 | 0.46 | 0.0 | 0.0 | 0 | 0 | -100.0 | 0 | 0 | 0 | 0.12 | 0.0 | -42.86 | -2.42 | -12.56 | -0.41 | 0.08 | 14.29 | -46.67 | 14.55 | 32.99 | 104.61 | 0 | 0 | 0 | 0 | 0 | 0 | 4.51 | 750.94 | 677.59 | 0.02 | -33.33 | -60.0 | 8.42 | 13.48 | 31.56 | 0 | 0 | 0 | 0 | 0 | 0 | -21.75 | -12.58 | -72.21 | -21.75 | -12.58 | -72.21 | -0.07 | 30.0 | 12.5 | -21.82 | -12.36 | -71.68 | 0.00 | 0 | 0 |
| 20Q1 (15) | 6.81 | -33.5 | -31.07 | 0.46 | 0.0 | 0.0 | 0 | -100.0 | -100.0 | 0 | 0 | 0 | 0.12 | 0.0 | -92.41 | -2.15 | 22.1 | -91.96 | 0.07 | -53.33 | -22.22 | 10.94 | 53.13 | 150.35 | 0 | 0 | 0 | 0 | 0 | 0 | 0.53 | -5.36 | -84.23 | 0.03 | 50.0 | -50.0 | 7.42 | 0.0 | 15.94 | 0 | 0 | 0 | 0 | 0 | 0 | -19.32 | -12.46 | -89.04 | -19.32 | -12.46 | -89.04 | -0.1 | -25.0 | 0.0 | -19.42 | -12.51 | -88.18 | 0.00 | 0 | 0 |
| 19Q4 (14) | 10.24 | 1.59 | 26.89 | 0.46 | 0.0 | 0.0 | 3.15 | -9.22 | 246.15 | 0 | 0 | 0 | 0.12 | -36.84 | -29.41 | -2.76 | -55.06 | 10.1 | 0.15 | 66.67 | 66.67 | 7.14 | 70.63 | -50.79 | 0 | 0 | 0 | 0 | 0 | 0 | 0.56 | 0.0 | -84.78 | 0.02 | -33.33 | -50.0 | 7.42 | -37.86 | 15.94 | 0 | 0 | 0 | 0 | 0 | 0 | -17.18 | -19.14 | -88.79 | -17.18 | -19.14 | -88.79 | -0.08 | -14.29 | 42.86 | -17.26 | -19.12 | -86.8 | 0.00 | 0 | 0 |
| 19Q3 (13) | 10.08 | 47.15 | 52.96 | 0.46 | 0.0 | 0.0 | 3.47 | -8.2 | 221.3 | 0 | 0 | 0 | 0.19 | -9.52 | 26.67 | -1.78 | 26.14 | 9.18 | 0.09 | -40.0 | 12.5 | 4.19 | -41.12 | -76.45 | 0 | 0 | 0 | 0 | 0 | 0 | 0.56 | -3.45 | -83.53 | 0.03 | -40.0 | -25.0 | 11.94 | 86.56 | 112.46 | 0 | 0 | 0 | 0 | 0 | 0 | -14.42 | -14.17 | -139.14 | -14.42 | -14.17 | -139.14 | -0.07 | 12.5 | 61.11 | -14.49 | -14.0 | -133.33 | 0.00 | 0 | 0 |
| 19Q2 (12) | 6.85 | -30.67 | -22.95 | 0.46 | 0.0 | 0.0 | 3.78 | 285.71 | 320.0 | 0 | 0 | 0 | 0.21 | -86.71 | 31.25 | -2.41 | -115.18 | -3.43 | 0.15 | 66.67 | 87.5 | 7.11 | 62.72 | -73.34 | 0 | 0 | 0 | 0 | 0 | 0 | 0.58 | -82.74 | -84.28 | 0.05 | -16.67 | -16.67 | 6.4 | 0.0 | 13.88 | 0 | 0 | 0 | 0 | 0 | 0 | -12.63 | -23.58 | -210.32 | -12.63 | -23.58 | -210.32 | -0.08 | 20.0 | 52.94 | -12.71 | -23.16 | -199.76 | 0.00 | 0 | 0 |
| 19Q1 (11) | 9.88 | 22.43 | 34.97 | 0.46 | 0.0 | 0.0 | 0.98 | 7.69 | 122.73 | 0 | 0 | 0 | 1.58 | 829.41 | 1028.57 | -1.12 | 63.52 | 32.53 | 0.09 | 0.0 | 28.57 | 4.37 | -69.9 | -91.26 | 0 | 0 | 0 | 0 | 0 | 0 | 3.36 | -8.7 | 425.0 | 0.06 | 50.0 | -14.29 | 6.4 | 0.0 | 13.88 | 0 | 0 | 0 | 0 | 0 | 0 | -10.22 | -12.31 | 2.48 | -10.22 | -12.31 | 2.48 | -0.1 | 28.57 | 54.55 | -10.32 | -11.69 | 3.55 | 0.00 | 0 | 0 |
| 18Q4 (10) | 8.07 | 22.46 | 0 | 0.46 | 0.0 | 0 | 0.91 | -15.74 | 0 | 0 | 0 | 0 | 0.17 | 13.33 | 0 | -3.07 | -56.63 | 0 | 0.09 | 12.5 | 0 | 14.52 | -18.35 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3.68 | 8.24 | 0 | 0.04 | 0.0 | 0 | 6.4 | 13.88 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -9.1 | -50.91 | 0 | -9.1 | -50.91 | 0 | -0.14 | 22.22 | 0 | -9.24 | -48.79 | 0 | 0.00 | 0 | 0 |
| 18Q3 (9) | 6.59 | -25.87 | 0 | 0.46 | 0.0 | 0 | 1.08 | 20.0 | 0 | 0 | 0 | 0 | 0.15 | -6.25 | 0 | -1.96 | 15.88 | 0 | 0.08 | 0.0 | 0 | 17.78 | -33.33 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3.4 | -7.86 | 0 | 0.04 | -33.33 | 0 | 5.62 | 0.0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -6.03 | -48.16 | 0 | -6.03 | -48.16 | 0 | -0.18 | -5.88 | 0 | -6.21 | -46.46 | 0 | 0.00 | 0 | 0 |
| 18Q2 (8) | 8.89 | 21.45 | 0 | 0.46 | 0.0 | 0 | 0.9 | 104.55 | 0 | 0 | 0 | 0 | 0.16 | 14.29 | 0 | -2.33 | -40.36 | 0 | 0.08 | 14.29 | 0 | 26.67 | -46.67 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3.69 | 476.56 | 0 | 0.06 | -14.29 | 0 | 5.62 | 0.0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -4.07 | 61.16 | 0 | -4.07 | 61.16 | 0 | -0.17 | 22.73 | 0 | -4.24 | 60.37 | 0 | 0.00 | 0 | 0 |
| 18Q1 (7) | 7.32 | 0 | 0 | 0.46 | 0 | 0 | 0.44 | 0 | 0 | 0 | 0 | 0 | 0.14 | 0 | 0 | -1.66 | 0 | 0 | 0.07 | 0 | 0 | 50.00 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.64 | 0 | 0 | 0.07 | 0 | 0 | 5.62 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -10.48 | 0 | 0 | -10.48 | 0 | 0 | -0.22 | 0 | 0 | -10.7 | 0 | 0 | 0.00 | 0 | 0 |
