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) | 151.08 | 10.59 | 0 | 0 | 8.99 | 0 | 0 | 0 | 326.35 | 7.02 | -6.31 | 0 | 59.88 | -16.83 | 18.35 | -22.29 | 31.25 | -22.11 | 0 | 0 | 46.47 | -32.76 | 10.56 | -2.76 | 42.05 | 0.0 | 24.41 | 0.0 | 12.42 | 34.13 | 71.6 | -16.18 | 108.44 | -8.95 | -24.07 | 0 | 47.53 | -34.89 | 0.00 | 0 |
| 2018 (9) | 136.61 | 13.28 | 0 | 0 | 0 | 0 | 0 | 0 | 304.94 | -8.3 | -17.02 | 0 | 72.0 | 5.73 | 23.61 | 15.29 | 40.12 | 41.27 | 0 | 0 | 69.11 | 32.7 | 10.86 | 2.07 | 42.05 | 23.24 | 24.41 | 7.25 | 9.26 | 157.22 | 85.42 | -29.06 | 119.1 | -18.86 | -12.42 | 0 | 73.0 | -33.87 | 0.00 | 0 |
| 2017 (8) | 120.59 | -24.92 | 10.36 | -85.44 | 0 | 0 | 0 | 0 | 332.53 | 1.5 | 16.56 | -40.9 | 68.1 | -10.59 | 20.48 | -11.91 | 28.4 | -3.83 | 0 | 0 | 52.08 | 1512.38 | 10.64 | -6.42 | 34.12 | 0.44 | 22.76 | 14.09 | 3.6 | 0 | 120.42 | -2.77 | 146.78 | 2.07 | -10.03 | 0 | 110.39 | -8.2 | 0.00 | 0 |
| 2016 (7) | 160.62 | -1.05 | 71.13 | 333.46 | 0 | 0 | 0 | 0 | 327.63 | -15.15 | 28.02 | -50.28 | 76.17 | -11.32 | 23.25 | 4.52 | 29.53 | 20.98 | 0 | 0 | 3.23 | -1.52 | 11.37 | -0.35 | 33.97 | 0.0 | 19.95 | 39.32 | 0 | 0 | 123.85 | -3.72 | 143.8 | 0.59 | -3.6 | 0 | 120.25 | -18.99 | 0.00 | 0 |
| 2015 (6) | 162.33 | 10.35 | 16.41 | 3.66 | 6.57 | -38.94 | 0 | 0 | 386.15 | 11.86 | 56.36 | 14.46 | 85.89 | 5.08 | 22.24 | -6.07 | 24.41 | -5.68 | 0 | 0 | 3.28 | -69.52 | 11.41 | -4.6 | 33.97 | 0.0 | 14.32 | 52.5 | 0 | 0 | 128.64 | 26.53 | 142.96 | 28.72 | 19.8 | -21.37 | 148.44 | 17.02 | 0.00 | 0 |
| 2014 (5) | 147.1 | 36.29 | 15.83 | 77.07 | 10.76 | 200.56 | 0 | 0 | 345.2 | -5.54 | 49.24 | -19.58 | 81.74 | -8.14 | 23.68 | -2.75 | 25.88 | 12.03 | 0 | 0 | 10.76 | -46.92 | 11.96 | -0.83 | 33.97 | 0.0 | 9.39 | 187.16 | 0 | 0 | 101.67 | 14.07 | 111.06 | 20.19 | 25.18 | 141.88 | 126.85 | 27.44 | 0.00 | 0 |
| 2013 (4) | 107.93 | 0 | 8.94 | 0 | 3.58 | 0 | 0 | 0 | 365.43 | 0 | 61.23 | 0 | 88.98 | 0 | 24.35 | 0 | 23.1 | 0 | 0 | 0 | 20.27 | 0 | 12.06 | 0 | 33.97 | 0 | 3.27 | 0 | 0 | 0 | 89.13 | 0 | 92.4 | 0 | 10.41 | 0 | 99.54 | 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 | |||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 20Q3 (20) | 161.38 | 1.01 | 13.36 | 21.78 | 112.9 | 0 | 0 | 0 | -100.0 | 0 | 0 | 0 | 127.08 | 10.06 | 43.77 | 7.57 | -3.32 | 5723.08 | 95.91 | 18.0 | 45.52 | 25.38 | 5.92 | 32.72 | 102.07 | 155.81 | 205.87 | 0 | 0 | 0 | 53.86 | -1.8 | 38.81 | 10.17 | -1.55 | -6.01 | 42.05 | 0.0 | 0.0 | 24.41 | 0.0 | 0.0 | 24.07 | 0.0 | 93.8 | 58.1 | 14.98 | -18.67 | 106.59 | 7.66 | -1.55 | -26.6 | 14.36 | -54.2 | 31.5 | 61.79 | -41.87 | 0.00 | 0 | 0 |
| 20Q2 (19) | 159.76 | 7.44 | 12.71 | 10.23 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 115.46 | 122.51 | 31.1 | 7.83 | 160.05 | 39050.0 | 81.28 | 91.61 | 24.55 | 23.96 | 76.14 | 22.33 | 39.9 | 18.68 | 11.2 | 0 | 0 | 0 | 54.85 | -1.97 | -27.92 | 10.33 | -2.27 | -5.4 | 42.05 | 0.0 | 0.0 | 24.41 | 0.0 | 0.0 | 24.07 | 93.8 | 93.8 | 50.53 | -13.71 | -29.17 | 99.01 | 3.79 | -8.47 | -31.06 | -22.86 | -239.45 | 19.47 | -41.5 | -68.69 | 0.00 | 0 | 0 |
| 20Q1 (18) | 148.7 | -1.58 | 3.02 | 0 | 0 | 0 | 0 | -100.0 | 0 | 0 | 0 | 0 | 51.89 | -37.83 | -21.88 | -13.04 | -7344.44 | -96.39 | 42.42 | -29.16 | -12.28 | 13.60 | -25.86 | -13.93 | 33.62 | 7.58 | -31.11 | 0 | 0 | 0 | 55.95 | 20.4 | -25.9 | 10.57 | 0.09 | -2.76 | 42.05 | 0.0 | 0.0 | 24.41 | 0.0 | 0.0 | 12.42 | 0.0 | 34.13 | 58.56 | -18.21 | -25.63 | 95.39 | -12.03 | -15.15 | -25.28 | -5.03 | -328.47 | 33.28 | -29.98 | -54.31 | 0.00 | 0 | 0 |
| 19Q4 (17) | 151.08 | 6.13 | 10.59 | 0 | 0 | 0 | 8.99 | -51.72 | 0 | 0 | 0 | 0 | 83.47 | -5.57 | -18.01 | 0.18 | 38.46 | -96.27 | 59.88 | -9.15 | -16.83 | 18.35 | -4.05 | -22.29 | 31.25 | -6.35 | -22.11 | 0 | 0 | 0 | 46.47 | 19.77 | -32.76 | 10.56 | -2.4 | -2.76 | 42.05 | 0.0 | 0.0 | 24.41 | 0.0 | 0.0 | 12.42 | 0.0 | 34.13 | 71.6 | 0.22 | -16.18 | 108.44 | 0.16 | -8.95 | -24.07 | -39.54 | -93.8 | 47.53 | -12.29 | -34.89 | 0.00 | 0 | 0 |
| 19Q3 (16) | 142.36 | 0.43 | 9.19 | 0 | 0 | 0 | 18.62 | 0 | 0 | 0 | 0 | 0 | 88.39 | 0.36 | 14.99 | 0.13 | 550.0 | 101.7 | 65.91 | 1.0 | 14.79 | 19.12 | -2.38 | 0.59 | 33.37 | -7.0 | -1.07 | 0 | 0 | 0 | 38.8 | -49.01 | -38.0 | 10.82 | -0.92 | -0.28 | 42.05 | 0.0 | -0.17 | 24.41 | 0.0 | 0.0 | 12.42 | 0.0 | 34.13 | 71.44 | 0.14 | -11.43 | 108.27 | 0.09 | -5.3 | -17.25 | -88.52 | -10.79 | 54.19 | -12.86 | -16.75 | 0.00 | 0 | 0 |
| 19Q2 (15) | 141.75 | -1.79 | -4.31 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 88.07 | 32.6 | 44.66 | 0.02 | 100.3 | 100.22 | 65.26 | 34.95 | 45.18 | 19.59 | 23.93 | 38.02 | 35.88 | -26.48 | 48.57 | 0 | 0 | 0 | 76.1 | 0.78 | 21.88 | 10.92 | 0.46 | 1.02 | 42.05 | 0.0 | -0.17 | 24.41 | 0.0 | 0.0 | 12.42 | 34.13 | 34.13 | 71.34 | -9.4 | -19.25 | 108.17 | -3.78 | -11.36 | -9.15 | -55.08 | -99.35 | 62.19 | -14.62 | -25.75 | 0.00 | 0 | 0 |
| 19Q1 (14) | 144.34 | 5.66 | -18.02 | 0 | 0 | -100.0 | 0 | 0 | 0 | 0 | 0 | 0 | 66.42 | -34.75 | 1.56 | -6.64 | -237.76 | -33.87 | 48.36 | -32.83 | 2.31 | 15.81 | -33.06 | 11.86 | 48.8 | 21.64 | 89.44 | 0 | 0 | 0 | 75.51 | 9.26 | 48.26 | 10.87 | 0.09 | 4.72 | 42.05 | 0.0 | -0.17 | 24.41 | 0.0 | 7.25 | 9.26 | 0.0 | 157.22 | 78.74 | -7.82 | -31.8 | 112.42 | -5.61 | -20.72 | -5.9 | 52.5 | -1.03 | 72.84 | -0.22 | -33.55 | 0.00 | 0 | 0 |
| 18Q4 (13) | 136.61 | 4.78 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 101.8 | 32.43 | 2.92 | 4.82 | 163.09 | 68.53 | 72.0 | 25.39 | 0 | 23.61 | 24.2 | 0 | 40.12 | 18.94 | 0 | 0 | 0 | 0 | 69.11 | 10.43 | 0 | 10.86 | 0.09 | 0 | 42.05 | -0.17 | 23.24 | 24.41 | 0.0 | 0 | 9.26 | 0.0 | 0 | 85.42 | 5.9 | 0 | 119.1 | 4.17 | -18.86 | -12.42 | 20.23 | 0 | 73.0 | 12.15 | 0 | 0.00 | 0 | 0 |
| 18Q3 (12) | 130.38 | -11.98 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 76.87 | 26.26 | -16.01 | -7.64 | 17.32 | -216.64 | 57.42 | 27.74 | 0 | 19.01 | 33.94 | 0 | 33.73 | 39.67 | 0 | 0 | 0 | 0 | 62.58 | 0.22 | 0 | 10.85 | 0.37 | 0 | 42.12 | 0.0 | 23.45 | 24.41 | 0.0 | 0 | 9.26 | 0.0 | 0 | 80.66 | -8.7 | 0 | 114.33 | -6.31 | -20.55 | -15.57 | -239.22 | 0 | 65.09 | -22.29 | 0 | 0.00 | 0 | 0 |
| 18Q2 (11) | 148.13 | -15.87 | 0 | 0 | -100.0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 60.88 | -6.91 | -22.66 | -9.24 | -86.29 | -347.06 | 44.95 | -4.91 | 0 | 14.19 | 0.45 | 0 | 24.15 | -6.25 | 0 | 0 | 0 | 0 | 62.44 | 22.6 | 0 | 10.81 | 4.14 | 0 | 42.12 | 0.0 | 23.99 | 24.41 | 7.25 | 0 | 9.26 | 157.22 | 0 | 88.35 | -23.48 | 0 | 122.03 | -13.95 | -11.17 | -4.59 | 21.4 | 0 | 83.76 | -23.59 | 0 | 0.00 | 0 | 0 |
| 18Q1 (10) | 176.07 | 0 | 0 | 3.36 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 65.4 | -33.88 | 3.17 | -4.96 | -273.43 | -245.03 | 47.27 | 0 | 0 | 14.13 | 0 | 0 | 25.76 | 0 | 0 | 0 | 0 | 0 | 50.93 | 0 | 0 | 10.38 | 0 | 0 | 42.12 | 23.45 | 23.99 | 22.76 | 0 | 0 | 3.6 | 0 | 0 | 115.46 | 0 | 0 | 141.81 | -3.39 | -3.67 | -5.84 | 0 | 0 | 109.62 | 0 | 0 | 0.00 | 0 | 0 |
| 17Q4 (9) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 98.91 | 8.07 | -3.94 | 2.86 | -56.34 | -73.52 | 0 | 0 | 0 | 0.00 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 34.12 | 0.0 | 0.44 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 146.78 | 1.99 | 2.07 | 0 | 0 | 0 | 0 | 0 | 0 | 0.00 | 0 | 0 |
| 17Q3 (8) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 91.52 | 16.26 | 21.96 | 6.55 | 75.13 | 78.96 | 0 | 0 | 0 | 0.00 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 34.12 | 0.44 | 0.44 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 143.91 | 4.76 | 8.2 | 0 | 0 | 0 | 0 | 0 | 0 | 0.00 | 0 | 0 |
| 17Q2 (7) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 78.72 | 24.18 | 20.37 | 3.74 | 9.36 | -13.82 | 0 | 0 | 0 | 0.00 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 33.97 | 0.0 | 0.0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 137.37 | -6.69 | 6.2 | 0 | 0 | 0 | 0 | 0 | 0 | 0.00 | 0 | 0 |
| 17Q1 (6) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 63.39 | -38.44 | -24.73 | 3.42 | -68.33 | 0 | 0 | 0 | 0 | 0.00 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 33.97 | 0.0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 147.22 | 2.38 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.00 | 0 | 0 |
| 16Q4 (5) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 102.97 | 37.22 | -16.47 | 10.8 | 195.08 | 0 | 0 | 0 | 0 | 0.00 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 33.97 | 0.0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 143.8 | 8.12 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.00 | 0 | 0 |
| 16Q3 (4) | 0 | 0 | 0.0 | 0 | 0 | 0.0 | 0 | 0 | 0.0 | 0 | 0 | 0.0 | 75.04 | 14.74 | 0.0 | 3.66 | -15.67 | 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 | 33.97 | 0.0 | 0.0 | 0 | 0 | 0.0 | 0 | 0 | 0.0 | 0 | 0 | 0.0 | 133.0 | 2.82 | 0.0 | 0 | 0 | 0.0 | 0 | 0 | 0.0 | 0.00 | 0 | 0.0 |
