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) | 5.21 | -71.07 | 0.44 | -6.38 | 1.76 | 7.98 | 0 | 0 | 23.98 | -13.68 | 3.02 | -51.05 | 3.74 | 24.67 | 15.60 | 44.42 | 6.06 | 31.17 | 0 | 0 | 8.33 | -28.25 | 0.98 | -33.33 | 6.3 | 0.0 | 1.59 | 63.92 | 1.2 | -44.44 | 8.2 | -1.2 | 10.98 | -3.94 | -1.94 | 0 | 6.26 | -11.83 | 0.01 | -29.1 |
| 2022 (9) | 18.01 | 413.11 | 0.47 | -2.08 | 1.63 | -33.2 | 0 | 0 | 27.78 | 41.45 | 6.17 | 38.96 | 3.0 | -4.15 | 10.80 | -32.24 | 4.62 | 58.76 | 0 | 0 | 11.61 | 31.63 | 1.47 | 0.68 | 6.3 | 15.17 | 0.97 | 83.02 | 2.16 | 96.36 | 8.3 | 42.61 | 11.43 | 53.63 | -1.2 | 0 | 7.1 | 93.99 | 0.01 | 0 |
| 2021 (8) | 3.51 | 48.1 | 0.48 | -47.25 | 2.44 | -10.29 | 0 | 0 | 19.64 | 28.7 | 4.44 | 246.88 | 3.13 | 32.07 | 15.94 | 2.61 | 2.91 | 8.99 | 0 | 0 | 8.82 | 84.91 | 1.46 | -12.57 | 5.47 | 0.0 | 0.53 | 32.5 | 1.1 | 0 | 5.82 | 81.31 | 7.44 | 106.09 | -2.16 | 0 | 3.66 | 73.46 | 0.00 | 0 |
| 2020 (7) | 2.37 | 17.33 | 0.91 | 82.0 | 2.72 | 110.85 | 0 | 0 | 15.26 | 3.67 | 1.28 | -59.49 | 2.37 | 25.4 | 15.53 | 20.96 | 2.67 | 7.66 | 0 | 0 | 4.77 | 178.95 | 1.67 | -13.47 | 5.47 | 1.86 | 0.4 | 400.0 | 0 | 0 | 3.21 | -15.08 | 3.61 | -6.48 | -1.1 | 0 | 2.11 | -30.59 | 0.00 | 0 |
| 2019 (6) | 2.02 | 28.66 | 0.5 | 0 | 1.29 | 84.29 | 0 | 0 | 14.72 | 93.68 | 3.16 | 59.6 | 1.89 | 34.04 | 12.84 | -30.79 | 2.48 | 96.83 | 0 | 0 | 1.71 | -21.2 | 1.93 | 0 | 5.37 | 0.0 | 0.08 | 0 | 0 | 0 | 3.78 | 366.67 | 3.86 | 376.54 | -0.74 | 0 | 3.04 | 2940.0 | 0.00 | 0 |
| 2018 (5) | 1.57 | -24.15 | 0 | 0 | 0.7 | 48.94 | 0 | 0 | 7.6 | 60.68 | 1.98 | 224.59 | 1.41 | 23.68 | 18.55 | -23.02 | 1.26 | 129.09 | 0 | 0 | 2.17 | 174.68 | 0 | 0 | 5.37 | 0.0 | 0 | 0 | 0 | 0 | 0.81 | 0 | 0.81 | 0 | -0.71 | 0 | 0.1 | 0 | 0.00 | 0 |
| 2017 (4) | 2.07 | 0 | 0.08 | 0 | 0.47 | 0 | 0 | 0 | 4.73 | 0 | 0.61 | 0 | 1.14 | 0 | 24.10 | 0 | 0.55 | 0 | 0 | 0 | 0.79 | 0 | 0 | 0 | 5.37 | 0 | 0 | 0 | 0 | 0 | -1.17 | 0 | -1.17 | 0 | -0.69 | 0 | -1.86 | 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) | 5.21 | 35.68 | -71.07 | 0.44 | -46.99 | -6.38 | 1.76 | 12.1 | 7.98 | 0 | 0 | 0 | 6.89 | 6.33 | 0.44 | 1.06 | 6.0 | -14.52 | 3.74 | -6.97 | 24.67 | 15.59 | -7.08 | 44.36 | 6.06 | 1.51 | 31.17 | 0 | 0 | 0 | 8.33 | -5.66 | -28.25 | 0.98 | -16.24 | -33.33 | 6.3 | 0.0 | 0.0 | 1.59 | 0.0 | 63.92 | 1.2 | 0.0 | -44.44 | 8.2 | 14.85 | -1.2 | 10.98 | 10.69 | -3.94 | -1.94 | -48.09 | -61.67 | 6.26 | 7.38 | -11.83 | 0.01 | -20.13 | -29.1 |
| 23Q3 (19) | 3.84 | -52.3 | -19.16 | 0.83 | 93.02 | 88.64 | 1.57 | 31.93 | -47.67 | 0 | 0 | 0 | 6.48 | 20.9 | -9.62 | 1.0 | 75.44 | -45.95 | 4.02 | 48.89 | -12.04 | 16.78 | 53.18 | -0.8 | 5.97 | 8.74 | 52.69 | 0 | 0 | 0 | 8.83 | -5.46 | -34.5 | 1.17 | -5.65 | -21.48 | 6.3 | 0.0 | 15.17 | 1.59 | 0.0 | 63.92 | 1.2 | 0.0 | -44.44 | 7.14 | 16.29 | 1.13 | 9.92 | 11.21 | -2.65 | -1.31 | 39.63 | 22.49 | 5.83 | 46.85 | 8.57 | 0.01 | -10.52 | -59.86 |
| 23Q2 (18) | 8.05 | -27.8 | 80.09 | 0.43 | -6.52 | -2.27 | 1.19 | 14.42 | -49.58 | 0 | 0 | 0 | 5.36 | 1.9 | -26.88 | 0.57 | 46.15 | -62.99 | 2.7 | -18.92 | -46.22 | 10.95 | -12.44 | -46.13 | 5.49 | 8.07 | 62.91 | 0 | 0 | 0 | 9.34 | -6.97 | -20.44 | 1.24 | -10.14 | -18.95 | 6.3 | 0.0 | 15.17 | 1.59 | 63.92 | 63.92 | 1.2 | -44.44 | -44.44 | 6.14 | 17.62 | 17.85 | 8.92 | 6.7 | 6.83 | -2.17 | -65.65 | -3.83 | 3.97 | 1.53 | 27.24 | 0.01 | -3.31 | -63.42 |
| 23Q1 (17) | 11.15 | -38.09 | 308.42 | 0.46 | -2.13 | -2.13 | 1.04 | -36.2 | -49.02 | 0 | 0 | 0 | 5.26 | -23.32 | -18.07 | 0.39 | -68.55 | -74.84 | 3.33 | 11.0 | -20.9 | 12.51 | 15.84 | -36.09 | 5.08 | 9.96 | 50.74 | 0 | 0 | 0 | 10.04 | -13.52 | -10.2 | 1.38 | -6.12 | 1.47 | 6.3 | 0.0 | 15.17 | 0.97 | 0.0 | 83.02 | 2.16 | 0.0 | 96.36 | 5.22 | -37.11 | 0.97 | 8.36 | -26.86 | 22.94 | -1.31 | -9.17 | 26.4 | 3.91 | -44.93 | 15.34 | 0.01 | 2.59 | 0 |
| 22Q4 (16) | 18.01 | 279.16 | 413.11 | 0.47 | 6.82 | -2.08 | 1.63 | -45.67 | -33.2 | 0 | 0 | 0 | 6.86 | -4.32 | 12.46 | 1.24 | -32.97 | -36.08 | 3.0 | -34.35 | -4.15 | 10.80 | -36.15 | -32.24 | 4.62 | 18.16 | 58.76 | 0 | 0 | 0 | 11.61 | -13.87 | 31.63 | 1.47 | -1.34 | 0.68 | 6.3 | 15.17 | 15.17 | 0.97 | 0.0 | 83.02 | 2.16 | 0.0 | 96.36 | 8.3 | 17.56 | 42.61 | 11.43 | 12.17 | 53.63 | -1.2 | 28.99 | 44.44 | 7.1 | 32.22 | 93.99 | 0.01 | -54.78 | 0 |
| 22Q3 (15) | 4.75 | 6.26 | 109.25 | 0.44 | 0.0 | -41.33 | 3.0 | 27.12 | -17.58 | 0 | 0 | 0 | 7.17 | -2.18 | 48.14 | 1.85 | 20.13 | 103.3 | 4.57 | -8.96 | 86.53 | 16.91 | -16.81 | 47.66 | 3.91 | 16.02 | 45.9 | 0 | 0 | 0 | 13.48 | 14.82 | 44.79 | 1.49 | -2.61 | -4.49 | 5.47 | 0.0 | 0.0 | 0.97 | 0.0 | 83.02 | 2.16 | 0.0 | 96.36 | 7.06 | 35.51 | 82.43 | 10.19 | 22.04 | 85.27 | -1.69 | 19.14 | 15.5 | 5.37 | 72.12 | 187.17 | 0.02 | -18.46 | 0 |
| 22Q2 (14) | 4.47 | 63.74 | 89.41 | 0.44 | -6.38 | -46.99 | 2.36 | 15.69 | -36.39 | 0 | 0 | 0 | 7.33 | 14.17 | 76.63 | 1.54 | -0.65 | 185.19 | 5.02 | 19.24 | 83.88 | 20.33 | 3.88 | 23.26 | 3.37 | 0.0 | 20.79 | 0 | 0 | 0 | 11.74 | 5.01 | 137.65 | 1.53 | 12.5 | -6.71 | 5.47 | 0.0 | 0.0 | 0.97 | 83.02 | 142.5 | 2.16 | 96.36 | 0 | 5.21 | 0.77 | 24.05 | 8.35 | 22.79 | 81.92 | -2.09 | -17.42 | -12.97 | 3.12 | -7.96 | 32.77 | 0.02 | 0 | 0 |
| 22Q1 (13) | 2.73 | -22.22 | 34.48 | 0.47 | -2.08 | -65.19 | 2.04 | -16.39 | -43.18 | 0 | 0 | 0 | 6.42 | 5.25 | 41.1 | 1.55 | -20.1 | 49.04 | 4.21 | 34.5 | 37.13 | 19.57 | 22.81 | -20.95 | 3.37 | 15.81 | 18.25 | 0 | 0 | 0 | 11.18 | 26.76 | 133.89 | 1.36 | -6.85 | -21.39 | 5.47 | 0.0 | 0.0 | 0.53 | 0.0 | 32.5 | 1.1 | 0.0 | 0 | 5.17 | -11.17 | 41.64 | 6.8 | -8.6 | 67.9 | -1.78 | 17.59 | -17.88 | 3.39 | -7.38 | 58.41 | 0.00 | 0 | 0 |
| 21Q4 (12) | 3.51 | 54.63 | 48.1 | 0.48 | -36.0 | -47.25 | 2.44 | -32.97 | -10.29 | 0 | 0 | 0 | 6.1 | 26.03 | -22.29 | 1.94 | 113.19 | 2671.43 | 3.13 | 27.76 | 32.07 | 15.94 | 39.14 | -47.21 | 2.91 | 8.58 | 8.99 | 0 | 0 | 0 | 8.82 | -5.26 | 84.91 | 1.46 | -6.41 | -12.57 | 5.47 | 0.0 | 0.0 | 0.53 | 0.0 | 32.5 | 1.1 | 0.0 | 0 | 5.82 | 50.39 | 81.31 | 7.44 | 35.27 | 106.09 | -2.16 | -8.0 | -96.36 | 3.66 | 95.72 | 73.46 | 0.00 | 0 | 0 |
| 21Q3 (11) | 2.27 | -3.81 | 0 | 0.75 | -9.64 | 0 | 3.64 | -1.89 | 0 | 0 | 0 | 0 | 4.84 | 16.63 | 0 | 0.91 | 68.52 | 0 | 2.45 | -10.26 | 0 | 11.45 | -30.56 | 0 | 2.68 | -3.94 | 0 | 0 | 0 | 0 | 9.31 | 88.46 | 0 | 1.56 | -4.88 | 0 | 5.47 | 0.0 | 0 | 0.53 | 32.5 | 0 | 1.1 | 0 | 0 | 3.87 | -7.86 | 0 | 5.5 | 19.83 | 0 | -2.0 | -8.11 | 0 | 1.87 | -20.43 | 0 | 0.00 | 0 | 0 |
| 21Q2 (10) | 2.36 | 16.26 | 0 | 0.83 | -38.52 | 0 | 3.71 | 3.34 | 0 | 0 | 0 | 0 | 4.15 | -8.79 | 0 | 0.54 | -48.08 | 0 | 2.73 | -11.07 | 0 | 16.50 | -33.37 | 0 | 2.79 | -2.11 | 0 | 0 | 0 | 0 | 4.94 | 3.35 | 0 | 1.64 | -5.2 | 0 | 5.47 | 0.0 | 0 | 0.4 | 0.0 | 0 | 0 | 0 | 0 | 4.2 | 15.07 | 0 | 4.59 | 13.33 | 0 | -1.85 | -22.52 | 0 | 2.35 | 9.81 | 0 | 0.00 | 0 | 0 |
| 21Q1 (9) | 2.03 | -14.35 | 0 | 1.35 | 48.35 | 0 | 3.59 | 31.99 | 0 | 0 | 0 | 0 | 4.55 | -42.04 | 0 | 1.04 | 1385.71 | 0 | 3.07 | 29.54 | 0 | 24.76 | -18.0 | 0 | 2.85 | 6.74 | 0 | 0 | 0 | 0 | 4.78 | 0.21 | 0 | 1.73 | 3.59 | 0 | 5.47 | 0.0 | 0 | 0.4 | 0.0 | 0 | 0 | 0 | 0 | 3.65 | 13.71 | 0 | 4.05 | 12.19 | 0 | -1.51 | -37.27 | 0 | 2.14 | 1.42 | 0 | 0.00 | 0 | 0 |
| 20Q4 (8) | 2.37 | 0 | 0 | 0.91 | 0 | 0 | 2.72 | 0 | 0 | 0 | 0 | 0 | 7.85 | 0 | 0 | 0.07 | 0 | 0 | 2.37 | 0 | 0 | 30.19 | 0 | 0 | 2.67 | 0 | 0 | 0 | 0 | 0 | 4.77 | 0 | 0 | 1.67 | 0 | 0 | 5.47 | 0 | 0 | 0.4 | 0 | 0 | 0 | 0 | 0 | 3.21 | 0 | 0 | 3.61 | 0 | 0 | -1.1 | 0 | 0 | 2.11 | 0 | 0 | 0.00 | 0 | 0 |
