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 | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023 (10) | 31.43 | 252.75 | 3.27 | 8.28 | 2.05 | -73.51 | 0 | 0 | 49.87 | 30.14 | 5.75 | 100.35 | 0.79 | 119.44 | 1.58 | 68.62 | 6.3 | -56.04 | 0 | 0 | 7.09 | -7.32 | 0.07 | -12.5 | 10.78 | 10.0 | 1.23 | 29.47 | 0 | 0 | 9.1 | 96.54 | 10.33 | 85.13 | 0.02 | 100.0 | 9.12 | 96.55 | 0.00 | 0 |
| 2022 (9) | 8.91 | 154.57 | 3.02 | 0.33 | 7.74 | 237.99 | 0 | 0 | 38.32 | 70.77 | 2.87 | 34.11 | 0.36 | -51.35 | 0.94 | -71.51 | 14.33 | 499.58 | 0 | 0 | 7.65 | -12.07 | 0.08 | 33.33 | 9.8 | 22.5 | 0.95 | 30.14 | 0 | 0 | 4.63 | 14.6 | 5.58 | 16.98 | 0.01 | 0.0 | 4.64 | 14.57 | 0.00 | 0 |
| 2021 (8) | 3.5 | -15.46 | 3.01 | -45.47 | 2.29 | 275.41 | 0 | 0 | 22.44 | 15.97 | 2.14 | 49.65 | 0.74 | -22.92 | 3.30 | -33.53 | 2.39 | 29.89 | 0 | 0 | 8.7 | 16.31 | 0.06 | 0.0 | 8.0 | 0.0 | 0.73 | 21.67 | 0 | 0 | 4.04 | 64.9 | 4.77 | 56.39 | 0.01 | 0.0 | 4.05 | 64.63 | 0.00 | 0 |
| 2020 (7) | 4.14 | 31.85 | 5.52 | 133.9 | 0.61 | 103.33 | 0 | 0 | 19.35 | 77.04 | 1.43 | 32.41 | 0.96 | -63.08 | 4.96 | -79.14 | 1.84 | 23.49 | 0 | 0 | 7.48 | 97.88 | 0.06 | 20.0 | 8.0 | 14.29 | 0.6 | 22.45 | 0 | 0 | 2.45 | 57.05 | 3.05 | 48.78 | 0.01 | 0.0 | 2.46 | 56.69 | 0.00 | 0 |
| 2019 (6) | 3.14 | 348.57 | 2.36 | -32.57 | 0.3 | -48.28 | 0 | 0 | 10.93 | 12.1 | 1.08 | 21.35 | 2.6 | 20.37 | 23.79 | 7.38 | 1.49 | 161.4 | 0 | 0 | 3.78 | 150.33 | 0.05 | 0.0 | 7.0 | 55.56 | 0.49 | 22.5 | 0 | 0 | 1.56 | 85.71 | 2.05 | 64.0 | 0.01 | 0 | 1.57 | 86.9 | 0.00 | 0 |
| 2018 (5) | 0.7 | -61.33 | 3.5 | 69.08 | 0.58 | 31.82 | 0 | 0 | 9.75 | 25.64 | 0.89 | 25.35 | 2.16 | 148.28 | 22.15 | 97.6 | 0.57 | -8.06 | 0 | 0 | 1.51 | -32.89 | 0.05 | -16.67 | 4.5 | 50.0 | 0.4 | 21.21 | 0 | 0 | 0.84 | -23.64 | 1.25 | -12.59 | 0 | 0 | 0.84 | -23.64 | 0.00 | 0 |
| 2017 (4) | 1.81 | 60.18 | 2.07 | -8.0 | 0.44 | -2.22 | 0 | 0 | 7.76 | -15.38 | 0.71 | 610.0 | 0.87 | -36.96 | 11.21 | -25.5 | 0.62 | -10.14 | 0 | 0 | 2.25 | -16.04 | 0.06 | 200.0 | 3.0 | 20.0 | 0.33 | 3.12 | 0 | 0 | 1.1 | 115.69 | 1.43 | 72.29 | 0 | 0 | 1.1 | 115.69 | 0.00 | 0 |
| 2016 (3) | 1.13 | 0 | 2.25 | 0 | 0.45 | 0 | 0 | 0 | 9.17 | 0 | 0.1 | 0 | 1.38 | 0 | 15.05 | 0 | 0.69 | 0 | 0 | 0 | 2.68 | 0 | 0.02 | 0 | 2.5 | 0 | 0.32 | 0 | 0 | 0 | 0.51 | 0 | 0.83 | 0 | 0 | 0 | 0.51 | 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 | |||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 23Q4 (20) | 31.43 | 655.53 | 252.75 | 3.27 | 1.87 | 8.28 | 2.05 | 0.0 | -73.51 | 0 | 0 | 0 | 12.48 | 0.56 | 10.83 | 2.4 | 144.9 | 90.48 | 0.79 | -35.25 | 119.44 | 1.58 | -36.83 | 68.58 | 6.3 | -8.83 | -56.04 | 0 | 0 | 0 | 7.09 | -3.54 | -7.32 | 0.07 | 0.0 | -12.5 | 10.78 | 0.0 | 10.0 | 1.23 | 0.0 | 29.47 | 0 | 0 | 0 | 9.1 | 37.25 | 96.54 | 10.33 | 31.42 | 85.13 | 0.02 | 0.0 | 100.0 | 9.12 | 37.14 | 96.55 | 0.00 | 0 | 0 |
| 23Q3 (19) | 4.16 | -33.97 | 43.94 | 3.21 | 1.26 | -42.27 | 2.05 | 95.24 | -74.02 | 0 | 0 | 0 | 12.41 | 26.89 | 34.45 | 0.98 | 18.07 | 172.22 | 1.22 | 190.48 | 139.22 | 2.51 | 171.49 | 54.69 | 6.91 | -27.49 | -31.52 | 0 | 0 | 0 | 7.35 | 3.09 | -7.08 | 0.07 | -12.5 | -22.22 | 10.78 | 0.0 | 10.0 | 1.23 | 0.0 | 29.47 | 0 | 0 | 0 | 6.63 | 17.35 | 92.73 | 7.86 | 14.24 | 79.04 | 0.02 | 100.0 | 100.0 | 6.65 | 17.49 | 92.75 | 0.00 | 0 | 0 |
| 23Q2 (18) | 6.3 | -45.97 | -10.13 | 3.17 | -1.25 | -42.57 | 1.05 | -36.36 | -76.87 | 0 | 0 | 0 | 9.78 | -35.66 | 0.2 | 0.83 | -46.45 | 56.6 | 0.42 | -16.0 | -8.7 | 0.92 | -16.04 | -42.81 | 9.53 | -2.46 | 54.96 | 0 | 0 | 0 | 7.13 | -3.52 | -12.73 | 0.08 | -11.11 | -20.0 | 10.78 | 0.0 | 10.0 | 1.23 | 29.47 | 29.47 | 0 | 0 | 0 | 5.65 | -8.58 | 83.44 | 6.88 | -3.51 | 70.72 | 0.01 | 0.0 | 0.0 | 5.66 | -8.56 | 83.17 | 0.00 | 0 | 0 |
| 23Q1 (17) | 11.66 | 30.86 | 196.69 | 3.21 | 6.29 | -36.81 | 1.65 | -78.68 | 48.65 | 0 | 0 | 0 | 15.2 | 34.99 | 88.59 | 1.55 | 23.02 | 115.28 | 0.5 | 38.89 | -38.27 | 1.10 | 17.07 | -58.58 | 9.77 | -31.82 | 148.6 | 0 | 0 | 0 | 7.39 | -3.4 | -19.93 | 0.09 | 12.5 | 50.0 | 10.78 | 10.0 | 34.75 | 0.95 | 0.0 | 30.14 | 0 | 0 | 0 | 6.18 | 33.48 | 29.83 | 7.13 | 27.78 | 29.87 | 0.01 | 0.0 | 0.0 | 6.19 | 33.41 | 29.77 | 0.00 | 0 | 0 |
| 22Q4 (16) | 8.91 | 208.3 | 154.57 | 3.02 | -45.68 | 0.33 | 7.74 | -1.9 | 237.99 | 0 | 0 | 0 | 11.26 | 21.99 | 155.33 | 1.26 | 250.0 | 3250.0 | 0.36 | -29.41 | -51.35 | 0.94 | -42.03 | -71.5 | 14.33 | 42.02 | 499.58 | 0 | 0 | 0 | 7.65 | -3.29 | -12.07 | 0.08 | -11.11 | 33.33 | 9.8 | 0.0 | 22.5 | 0.95 | 0.0 | 30.14 | 0 | 0 | 0 | 4.63 | 34.59 | 14.6 | 5.58 | 27.11 | 16.98 | 0.01 | 0.0 | 0.0 | 4.64 | 34.49 | 14.57 | 0.00 | 0 | 0 |
| 22Q3 (15) | 2.89 | -58.77 | 64.2 | 5.56 | 0.72 | 13.01 | 7.89 | 73.79 | 159.54 | 0 | 0 | 0 | 9.23 | -5.43 | 47.68 | 0.36 | -32.08 | -62.89 | 0.51 | 10.87 | -37.04 | 1.62 | 0.37 | -46.26 | 10.09 | 64.07 | 308.5 | 0 | 0 | 0 | 7.91 | -3.18 | -11.72 | 0.09 | -10.0 | 50.0 | 9.8 | 0.0 | 22.5 | 0.95 | 0.0 | 30.14 | 0 | 0 | 0 | 3.44 | 11.69 | -14.64 | 4.39 | 8.93 | -7.97 | 0.01 | 0.0 | 0.0 | 3.45 | 11.65 | -14.6 | 0.00 | 0 | 0 |
| 22Q2 (14) | 7.01 | 78.37 | 346.5 | 5.52 | 8.66 | -1.95 | 4.54 | 309.01 | 328.3 | 0 | 0 | 0 | 9.76 | 21.09 | -17.15 | 0.53 | -26.39 | -56.56 | 0.46 | -43.21 | -66.18 | 1.62 | -39.18 | -75.53 | 6.15 | 56.49 | 184.72 | 0 | 0 | 0 | 8.17 | -11.48 | 1.74 | 0.1 | 66.67 | 66.67 | 9.8 | 22.5 | 22.5 | 0.95 | 30.14 | 58.33 | 0 | 0 | 0 | 3.08 | -35.29 | -15.85 | 4.03 | -26.59 | -5.4 | 0.01 | 0.0 | 0.0 | 3.09 | -35.22 | -15.8 | 0.00 | 0 | 0 |
| 22Q1 (13) | 3.93 | 12.29 | 0 | 5.08 | 68.77 | 0 | 1.11 | -51.53 | 0 | 0 | 0 | 0 | 8.06 | 82.77 | 0 | 0.72 | 1900.0 | 0 | 0.81 | 9.46 | 0 | 2.66 | -19.47 | 0 | 3.93 | 64.44 | 0 | 0 | 0 | 0 | 9.23 | 6.09 | 0 | 0.06 | 0.0 | 0 | 8.0 | 0.0 | 0 | 0.73 | 0.0 | 0 | 0 | 0 | 0 | 4.76 | 17.82 | 0 | 5.49 | 15.09 | 0 | 0.01 | 0.0 | 0 | 4.77 | 17.78 | 0 | 0.00 | 0 | 0 |
| 21Q4 (12) | 3.5 | 98.86 | -15.46 | 3.01 | -38.82 | -45.47 | 2.29 | -24.67 | 275.41 | 0 | 0 | 0 | 4.41 | -29.44 | -50.0 | -0.04 | -104.12 | -105.97 | 0.74 | -8.64 | -22.92 | 3.30 | 9.31 | -33.53 | 2.39 | -3.24 | 29.89 | 0 | 0 | 0 | 8.7 | -2.9 | 16.31 | 0.06 | 0.0 | 0.0 | 8.0 | 0.0 | 0.0 | 0.73 | 0.0 | 21.67 | 0 | 0 | 0 | 4.04 | 0.25 | 64.9 | 4.77 | 0.0 | 56.39 | 0.01 | 0.0 | 0.0 | 4.05 | 0.25 | 64.63 | 0.00 | 0 | 0 |
| 21Q3 (11) | 1.76 | 12.1 | 0 | 4.92 | -12.61 | 0 | 3.04 | 186.79 | 0 | 0 | 0 | 0 | 6.25 | -46.94 | 0 | 0.97 | -20.49 | 0 | 0.81 | -40.44 | 0 | 3.02 | -54.3 | 0 | 2.47 | 14.35 | 0 | 0 | 0 | 0 | 8.96 | 11.58 | 0 | 0.06 | 0.0 | 0 | 8.0 | 0.0 | 0 | 0.73 | 21.67 | 0 | 0 | 0 | 0 | 4.03 | 10.11 | 0 | 4.77 | 11.97 | 0 | 0.01 | 0.0 | 0 | 4.04 | 10.08 | 0 | 0.00 | 0 | 0 |
| 21Q2 (10) | 1.57 | 0 | -46.78 | 5.63 | 0 | -6.79 | 1.06 | 0 | 96.3 | 0 | 0 | 0 | 11.78 | 0 | 11.87 | 1.22 | 0 | 60.53 | 1.36 | 0 | 74.36 | 6.60 | 0 | -10.87 | 2.16 | 0 | 94.59 | 0 | 0 | 0 | 8.03 | 0 | 19.32 | 0.06 | 0 | 0.0 | 8.0 | 0 | 14.29 | 0.6 | 0 | 0.0 | 0 | 0 | 0 | 3.66 | 0 | 90.62 | 4.26 | 0 | 69.05 | 0.01 | 0 | 0 | 3.67 | 0 | 91.15 | 0.00 | 0 | 0 |
