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) | 21.94 | 3.54 | 9.72 | -37.57 | 1.63 | 41.74 | 0 | 0 | 50.88 | -1.72 | 9.46 | -15.08 | 5.89 | -3.76 | 11.58 | -2.07 | 3.52 | 10.0 | 0 | 0 | 4.13 | 105.47 | 1.37 | -3.52 | 10.0 | 28.21 | 4.42 | 33.53 | 6.1 | 32.61 | 16.48 | 14.92 | 27.01 | 21.39 | -8.61 | 0 | 7.87 | -4.49 | 0.04 | -14.62 |
| 2018 (9) | 21.19 | -1.9 | 15.57 | 68.32 | 1.15 | 0 | 0 | 0 | 51.77 | 20.26 | 11.14 | 17.02 | 6.12 | -13.19 | 11.82 | -27.81 | 3.2 | 6.31 | 0 | 0 | 2.01 | 0 | 1.42 | -0.7 | 7.8 | 0.0 | 3.31 | 40.25 | 4.6 | 26.37 | 14.34 | 26.34 | 22.25 | 28.32 | -6.1 | 0 | 8.24 | 22.07 | 0.05 | -11.28 |
| 2017 (8) | 21.6 | -6.41 | 9.25 | 23.01 | 0 | 0 | 0 | 0 | 43.05 | -0.67 | 9.52 | 5.43 | 7.05 | 4.29 | 16.38 | 4.99 | 3.01 | 40.65 | 0 | 0 | 0 | 0 | 1.43 | 0 | 7.8 | 20.0 | 2.36 | 62.76 | 3.64 | 0 | 11.35 | -9.71 | 17.34 | 23.68 | -4.6 | 0 | 6.75 | -24.41 | 0.05 | 32.69 |
| 2016 (7) | 23.08 | 45.89 | 7.52 | 0 | 0 | 0 | 0 | 0 | 43.34 | -1.72 | 9.03 | -12.33 | 6.76 | -7.4 | 15.60 | -5.77 | 2.14 | -19.85 | 0 | 0 | 8.01 | 0 | 0 | 0 | 6.5 | 0.0 | 1.45 | 245.24 | 0 | 0 | 12.57 | 19.15 | 14.02 | 27.8 | -3.64 | 0 | 8.93 | -19.04 | 0.04 | 0 |
| 2015 (6) | 15.82 | 61.59 | 0 | 0 | 0 | 0 | 0 | 0 | 44.1 | 11.82 | 10.3 | 142.92 | 7.3 | 2.1 | 16.55 | -8.69 | 2.67 | 3.49 | 0 | 0 | 0 | 0 | 0 | 0 | 6.5 | 18.18 | 0.42 | 0 | 0 | 0 | 10.55 | 148.82 | 10.97 | 158.73 | 0.48 | -70.19 | 11.03 | 88.55 | 0.00 | 0 |
| 2014 (5) | 9.79 | 247.16 | 0 | 0 | 0 | 0 | 0 | 0 | 39.44 | 17.42 | 4.24 | -30.26 | 7.15 | 20.78 | 18.13 | 2.86 | 2.58 | 18.89 | 0 | 0 | 0 | 0 | 0 | 0 | 5.5 | 0.0 | 0 | 0 | 0 | 0 | 4.24 | -70.88 | 4.24 | -73.63 | 1.61 | 41.23 | 5.85 | -62.74 | 0.00 | 0 |
| 2013 (4) | 2.82 | 2720.0 | 0.98 | -50.75 | 0 | 0 | 0 | 0 | 33.59 | 18.23 | 6.08 | 20.16 | 5.92 | 77.25 | 17.62 | 49.91 | 2.17 | -6.06 | 0 | 0 | 0 | 0 | 0 | 0 | 5.5 | 0.0 | 1.52 | 58.33 | 0 | 0 | 14.56 | 38.67 | 16.08 | 40.31 | 1.14 | 0 | 15.7 | 51.11 | 0.00 | 0 |
| 2012 (3) | 0.1 | 0 | 1.99 | 0 | 0 | 0 | 0 | 0 | 28.41 | 0 | 5.06 | 0 | 3.34 | 0 | 11.76 | 0 | 2.31 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 5.5 | 0 | 0.96 | 0 | 0 | 0 | 10.5 | 0 | 11.46 | 0 | -0.11 | 0 | 10.39 | 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 | |||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 20Q1 (20) | 25.06 | 14.22 | 38.07 | 10.98 | 12.96 | -25.51 | 1.04 | -36.2 | -32.47 | 0 | 0 | 0 | 10.9 | -21.19 | -1.98 | 1.7 | -32.0 | -33.07 | 5.22 | -11.38 | -1.51 | 10.30 | -10.99 | 0.43 | 3.2 | -9.09 | -5.88 | 0 | 0 | 0 | 4.15 | 0.48 | 153.05 | 1.35 | -1.46 | -6.9 | 10.01 | 0.1 | 28.33 | 4.42 | 0.0 | 33.53 | 6.1 | 0.0 | 32.61 | 18.19 | 10.38 | 7.76 | 28.71 | 6.29 | 15.81 | -10.24 | -18.93 | -134.32 | 7.95 | 1.02 | -36.45 | 0.03 | -21.1 | -29.37 |
| 19Q4 (19) | 21.94 | 4.43 | 3.54 | 9.72 | -0.21 | -37.57 | 1.63 | 1.24 | 41.74 | 0 | 0 | 0 | 13.83 | 4.69 | -2.12 | 2.5 | 38.12 | -38.88 | 5.89 | 3.51 | -3.76 | 11.58 | 4.13 | -2.07 | 3.52 | 2.62 | 10.0 | 0 | 0 | 0 | 4.13 | -13.24 | 105.47 | 1.37 | -0.72 | -3.52 | 10.0 | 0.0 | 28.21 | 4.42 | 0.0 | 33.53 | 6.1 | 0.0 | 32.61 | 16.48 | 17.8 | 14.92 | 27.01 | 10.2 | 21.39 | -8.61 | -11.38 | -41.15 | 7.87 | 25.72 | -4.49 | 0.04 | -6.71 | -14.62 |
| 19Q3 (18) | 21.01 | 5.74 | 16.46 | 9.74 | -4.04 | -42.87 | 1.61 | -22.97 | 111.84 | 0 | 0 | 0 | 13.21 | 3.85 | -1.71 | 1.81 | -30.38 | -28.46 | 5.69 | 2.52 | -1.56 | 11.12 | 2.98 | -3.27 | 3.43 | -3.92 | 13.95 | 0 | 0 | 0 | 4.76 | -1.04 | 526.32 | 1.38 | -4.17 | -1.43 | 10.0 | 0.0 | 28.21 | 4.42 | 0.0 | 33.53 | 6.1 | 0.0 | 32.61 | 13.99 | 14.95 | 36.62 | 24.51 | 7.97 | 34.97 | -7.73 | -51.27 | -14.86 | 6.26 | -11.33 | 78.35 | 0.04 | -1.98 | -13.08 |
| 19Q2 (17) | 19.87 | 9.48 | 19.99 | 10.15 | -31.14 | -15.42 | 2.09 | 35.71 | 0 | 0 | 0 | 0 | 12.72 | 14.39 | -1.93 | 2.6 | 2.36 | 16.59 | 5.55 | 4.72 | -2.63 | 10.80 | 5.23 | -9.3 | 3.57 | 5.0 | 5.93 | 0 | 0 | 0 | 4.81 | 193.29 | 0 | 1.44 | -0.69 | -0.69 | 10.0 | 28.21 | 28.21 | 4.42 | 33.53 | 33.53 | 6.1 | 32.61 | 32.61 | 12.17 | -27.9 | 57.64 | 22.7 | -8.43 | 45.23 | -5.11 | -16.93 | -14.06 | 7.06 | -43.57 | 117.9 | 0.04 | -2.1 | -14.19 |
| 19Q1 (16) | 18.15 | -14.35 | -14.1 | 14.74 | -5.33 | 71.2 | 1.54 | 33.91 | 0 | 0 | 0 | 0 | 11.12 | -21.3 | -0.98 | 2.54 | -37.9 | 10.43 | 5.3 | -13.4 | -2.93 | 10.26 | -13.21 | -14.92 | 3.4 | 6.25 | -6.34 | 0 | 0 | 0 | 1.64 | -18.41 | 0 | 1.45 | 2.11 | -0.68 | 7.8 | 0.0 | 0.0 | 3.31 | 0.0 | 40.25 | 4.6 | 0.0 | 26.37 | 16.88 | 17.71 | 23.66 | 24.79 | 11.42 | 26.22 | -4.37 | 28.36 | -15.3 | 12.51 | 51.82 | 26.88 | 0.05 | -4.62 | -7.91 |
| 18Q4 (15) | 21.19 | 17.46 | -1.9 | 15.57 | -8.68 | 68.32 | 1.15 | 51.32 | 0 | 0 | 0 | 0 | 14.13 | 5.13 | 11.7 | 4.09 | 61.66 | 66.94 | 6.12 | 5.88 | -13.19 | 11.82 | 2.86 | -27.83 | 3.2 | 6.31 | 6.31 | 0 | 0 | 0 | 2.01 | 164.47 | 0 | 1.42 | 1.43 | -0.7 | 7.8 | 0.0 | 0.0 | 3.31 | 0.0 | 40.25 | 4.6 | 0.0 | 26.37 | 14.34 | 40.04 | 26.34 | 22.25 | 22.52 | 28.32 | -6.1 | 9.36 | -32.61 | 8.24 | 134.76 | 22.07 | 0.05 | -5.03 | -11.28 |
| 18Q3 (14) | 18.04 | 8.94 | 0 | 17.05 | 42.08 | 0 | 0.76 | 0 | 0 | 0 | 0 | 0 | 13.44 | 3.62 | 21.74 | 2.53 | 13.45 | -0.39 | 5.78 | 1.4 | 0 | 11.49 | -3.44 | 0 | 3.01 | -10.68 | 0 | 0 | 0 | 0 | 0.76 | 0 | 0 | 1.4 | -3.45 | 0 | 7.8 | 0.0 | 4.0 | 3.31 | 0.0 | 0 | 4.6 | 0.0 | 0 | 10.24 | 32.64 | 0 | 18.16 | 16.19 | 21.96 | -6.73 | -50.22 | 0 | 3.51 | 8.33 | 0 | 0.05 | -3.23 | -25.83 |
| 18Q2 (13) | 16.56 | -21.63 | 0 | 12.0 | 39.37 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 12.97 | 15.49 | 25.19 | 2.23 | -3.04 | -8.23 | 5.7 | 4.4 | 0 | 11.90 | -1.29 | 0 | 3.37 | -7.16 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1.45 | -0.68 | 0 | 7.8 | 0.0 | 4.0 | 3.31 | 40.25 | 0 | 4.6 | 26.37 | 0 | 7.72 | -43.44 | 0 | 15.63 | -20.42 | 26.56 | -4.48 | -18.21 | 0 | 3.24 | -67.14 | 0 | 0.05 | 5.06 | -29.28 |
| 18Q1 (12) | 21.13 | -2.18 | 0 | 8.61 | -6.92 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 11.23 | -11.23 | 24.92 | 2.3 | -6.12 | 9.52 | 5.46 | -22.55 | 0 | 12.06 | -26.38 | 0 | 3.63 | 20.6 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1.46 | 2.1 | 0 | 7.8 | 0.0 | 20.0 | 2.36 | 0.0 | 0 | 3.64 | 0.0 | 0 | 13.65 | 20.26 | 0 | 19.64 | 13.26 | 21.84 | -3.79 | 17.61 | 0 | 9.86 | 46.07 | 0 | 0.05 | -8.11 | -30.51 |
| 17Q4 (11) | 21.6 | 0 | 0 | 9.25 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 12.65 | 14.58 | 10.87 | 2.45 | -3.54 | -0.81 | 7.05 | 0 | 0 | 16.38 | 0 | 0 | 3.01 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1.43 | 0 | 0 | 7.8 | 4.0 | 20.0 | 2.36 | 0 | 0 | 3.64 | 0 | 0 | 11.35 | 0 | 0 | 17.34 | 16.45 | 23.68 | -4.6 | 0 | 0 | 6.75 | 0 | 0 | 0.05 | -20.6 | 32.69 |
| 17Q3 (10) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 11.04 | 6.56 | 2.22 | 2.54 | 4.53 | 17.05 | 0 | 0 | 0 | 0.00 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 7.5 | 0.0 | 15.38 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 14.89 | 20.57 | 28.81 | 0 | 0 | 0 | 0 | 0 | 0 | 0.07 | -7.74 | 0 |
| 17Q2 (9) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 10.36 | 15.24 | -6.83 | 2.43 | 15.71 | 11.98 | 0 | 0 | 0 | 0.00 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 7.5 | 15.38 | 15.38 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 12.35 | -23.39 | 31.52 | 0 | 0 | 0 | 0 | 0 | 0 | 0.07 | 3.24 | 0 |
| 17Q1 (8) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 8.99 | -21.21 | -10.19 | 2.1 | -14.98 | 0 | 0 | 0 | 0 | 0.00 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 6.5 | 0.0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 16.12 | 14.98 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.07 | 75.47 | 0 |
| 16Q4 (7) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 11.41 | 5.65 | -7.08 | 2.47 | 13.82 | 0 | 0 | 0 | 0 | 0.00 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 6.5 | 0.0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 14.02 | 21.28 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.04 | 0 | 0 |
| 16Q3 (6) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 10.8 | -2.88 | -3.91 | 2.17 | 0.0 | 0 | 0 | 0 | 0 | 0.00 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 6.5 | 0.0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 11.56 | 23.11 | 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 | 11.12 | 11.09 | 4.02 | 2.17 | 0 | 0 | 0 | 0 | 0 | 0.00 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 6.5 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 9.39 | 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 | 10.01 | -18.49 | 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 |
