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) | 22.9 | 18.47 | 0 | 0 | 0 | 0 | 0 | 0 | 102.65 | 1.38 | 9.66 | 41.64 | 11.83 | -9.56 | 11.52 | -10.79 | 10.8 | -17.75 | 0 | 0 | 7.6 | 281.91 | 0 | 0 | 26.71 | 0.0 | 4.0 | 20.48 | 1.03 | -57.44 | 13.83 | 43.46 | 18.86 | 22.71 | -1.39 | 0 | 12.44 | 44.48 | 0.01 | -7.41 |
| 2022 (9) | 19.33 | 17.51 | 2.68 | 624.32 | 0 | 0 | 0 | 0 | 101.25 | 2.38 | 6.82 | -35.78 | 13.08 | 2.75 | 12.92 | 0.36 | 13.13 | 19.36 | 0 | 0 | 1.99 | 243.1 | 0 | 0 | 26.71 | 0.0 | 3.32 | 46.9 | 2.42 | 18.63 | 9.64 | -21.05 | 15.37 | -6.85 | -1.03 | 0 | 8.61 | -12.05 | 0.01 | -0.5 |
| 2021 (8) | 16.45 | 33.63 | 0.37 | -53.16 | 0 | 0 | 0 | 0 | 98.9 | -2.54 | 10.62 | -28.58 | 12.73 | 5.21 | 12.87 | 7.95 | 11.0 | 24.15 | 0 | 0 | 0.58 | -93.71 | 0 | 0 | 26.71 | 9.06 | 2.26 | 197.37 | 2.04 | 0 | 12.21 | -18.22 | 16.5 | 5.1 | -2.42 | 0 | 9.79 | -24.05 | 0.01 | -23.6 |
| 2020 (7) | 12.31 | 979.82 | 0.79 | -90.45 | 0 | 0 | 0 | 0 | 101.48 | -3.8 | 14.87 | 219.78 | 12.1 | -1.47 | 11.92 | 2.43 | 8.86 | -16.1 | 0 | 0 | 9.22 | -45.38 | 0 | 0 | 24.49 | 1.37 | 0.76 | 153.33 | 0 | 0 | 14.93 | 225.27 | 15.7 | 221.72 | -2.04 | 0 | 12.89 | 342.96 | 0.01 | -53.54 |
| 2019 (6) | 1.14 | -51.28 | 8.27 | -36.04 | 0 | 0 | 4.45 | 34.04 | 105.49 | -10.06 | 4.65 | 190.62 | 12.28 | -18.02 | 11.64 | -8.85 | 10.56 | -33.63 | 0.59 | -9.23 | 16.88 | 40.67 | 0 | 0 | 24.16 | 6.29 | 0.3 | 114.29 | 0 | 0 | 4.59 | 188.68 | 4.88 | 182.08 | -1.68 | 0 | 2.91 | 288.0 | 0.03 | 1.96 |
| 2018 (5) | 2.34 | -56.75 | 12.93 | 59.83 | 1.2 | 0.0 | 3.32 | 186.21 | 117.29 | 8.93 | 1.6 | 207.69 | 14.98 | 6.47 | 12.77 | -2.26 | 15.91 | 7.79 | 0.65 | -5.8 | 12.0 | -11.89 | 0 | 0 | 22.73 | 2.16 | 0.14 | 55.56 | 0 | 0 | 1.59 | 200.0 | 1.73 | 179.03 | -0.84 | 0 | 0.75 | 435.71 | 0.02 | 37.84 |
| 2017 (4) | 5.41 | 0 | 8.09 | 0 | 1.2 | 0 | 1.16 | 0 | 107.67 | 0 | 0.52 | 0 | 14.07 | 0 | 13.07 | 0 | 14.76 | 0 | 0.69 | 0 | 13.62 | 0 | 0 | 0 | 22.25 | 0 | 0.09 | 0 | 0 | 0 | 0.53 | 0 | 0.62 | 0 | -0.39 | 0 | 0.14 | 0 | 0.02 | 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) | 22.9 | 26.45 | 18.47 | 0 | -100.0 | -100.0 | 0 | 0 | 0 | 0 | 0 | 0 | 27.09 | 5.24 | -1.1 | 3.28 | 10.81 | 154.26 | 11.83 | -7.07 | -9.56 | 11.52 | -6.8 | -10.79 | 10.8 | -7.3 | -17.75 | 0 | 0 | 0 | 7.6 | 198.04 | 281.91 | 0 | 0 | 0 | 26.71 | 0.0 | 0.0 | 4.0 | 0.0 | 20.48 | 1.03 | 0.0 | -57.44 | 13.83 | 30.72 | 43.46 | 18.86 | 20.82 | 22.71 | -1.39 | -2216.67 | -34.95 | 12.44 | 18.25 | 44.48 | 0.01 | -1.3 | -7.41 |
| 23Q3 (19) | 18.11 | -17.94 | -4.33 | 4.23 | 41.0 | 1075.0 | 0 | 0 | 0 | 0 | 0 | 0 | 25.74 | 3.29 | 2.75 | 2.96 | 31.56 | 96.03 | 12.73 | 12.46 | 1.43 | 12.37 | 11.7 | -1.19 | 11.65 | -7.54 | -1.02 | 0 | 0 | 0 | 2.55 | 0.0 | -14.43 | 0 | 0 | 0 | 26.71 | 0.0 | 0.0 | 4.0 | 0.0 | 20.48 | 1.03 | 0.0 | -57.44 | 10.58 | 39.03 | 27.78 | 15.61 | 23.4 | 11.34 | -0.06 | 95.52 | 83.33 | 10.52 | 67.78 | 32.83 | 0.01 | -5.72 | -5.46 |
| 23Q2 (18) | 22.07 | 34.82 | -0.05 | 3.0 | 0 | 417.24 | 0 | 0 | 0 | 0 | 0 | 0 | 24.92 | 0.08 | 2.17 | 2.25 | 92.31 | 30.06 | 11.32 | -10.73 | -3.41 | 11.07 | -11.19 | -7.87 | 12.6 | -4.4 | 9.19 | 0 | 0 | 0 | 2.55 | 13.84 | 0 | 0 | 0 | 0 | 26.71 | 0.0 | 0.0 | 4.0 | 20.48 | 20.48 | 1.03 | -57.44 | -57.44 | 7.61 | -29.6 | 12.41 | 12.65 | -23.52 | 1.12 | -1.34 | -32.67 | -4.69 | 6.27 | -36.02 | 14.21 | 0.01 | -0.4 | 4.53 |
| 23Q1 (17) | 16.37 | -15.31 | -9.91 | 0 | -100.0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 24.9 | -9.09 | 1.97 | 1.17 | -9.3 | -48.68 | 12.68 | -3.06 | 3.76 | 12.46 | -3.52 | -0.62 | 13.18 | 0.38 | 23.06 | 0 | 0 | 0 | 2.24 | 12.56 | 0 | 0 | 0 | 0 | 26.71 | 0.0 | 0.0 | 3.32 | 0.0 | 46.9 | 2.42 | 0.0 | 18.63 | 10.81 | 12.14 | -25.4 | 16.54 | 7.61 | -11.97 | -1.01 | 1.94 | 17.89 | 9.8 | 13.82 | -26.09 | 0.01 | -0.11 | 3.74 |
| 22Q4 (16) | 19.33 | 2.11 | 17.51 | 2.68 | 644.44 | 624.32 | 0 | 0 | 0 | 0 | 0 | 0 | 27.39 | 9.34 | 3.63 | 1.29 | -14.57 | -43.91 | 13.08 | 4.22 | 2.75 | 12.92 | 3.23 | 0.36 | 13.13 | 11.55 | 19.36 | 0 | 0 | 0 | 1.99 | -33.22 | 243.1 | 0 | 0 | 0 | 26.71 | 0.0 | 0.0 | 3.32 | 0.0 | 46.9 | 2.42 | 0.0 | 18.63 | 9.64 | 16.43 | -21.05 | 15.37 | 9.63 | -6.85 | -1.03 | -186.11 | 57.44 | 8.61 | 8.71 | -12.05 | 0.01 | 0.78 | -0.5 |
| 22Q3 (15) | 18.93 | -14.27 | -18.41 | 0.36 | -37.93 | -93.54 | 0 | 0 | 0 | 0 | 0 | 0 | 25.05 | 2.71 | 12.33 | 1.51 | -12.72 | -3.82 | 12.55 | 7.08 | 14.09 | 12.51 | 4.15 | 13.04 | 11.77 | 1.99 | 6.9 | 0 | 0 | 0 | 2.98 | 0 | 0 | 0 | 0 | 0 | 26.71 | 0.0 | 0.0 | 3.32 | 0.0 | 46.9 | 2.42 | 0.0 | 18.63 | 8.28 | 22.3 | -16.62 | 14.02 | 12.07 | -1.41 | -0.36 | 71.88 | 86.15 | 7.92 | 44.26 | 8.05 | 0.01 | 4.25 | -1.78 |
| 22Q2 (14) | 22.08 | 21.52 | 19.87 | 0.58 | 0 | -75.11 | 0 | 0 | 0 | 0 | 0 | 0 | 24.39 | -0.12 | 0.45 | 1.73 | -24.12 | -43.09 | 11.72 | -4.09 | 2.18 | 12.02 | -4.2 | 6.32 | 11.54 | 7.75 | 8.56 | 0 | 0 | 0 | 0 | 0 | -100.0 | 0 | 0 | 0 | 26.71 | 0.0 | 9.06 | 3.32 | 46.9 | 46.9 | 2.42 | 18.63 | 18.63 | 6.77 | -53.28 | -19.02 | 12.51 | -33.42 | -1.11 | -1.28 | -4.07 | 49.0 | 5.49 | -58.6 | -6.15 | 0.01 | -1.15 | -27.93 |
| 22Q1 (13) | 18.17 | 10.46 | 38.6 | 0 | -100.0 | -100.0 | 0 | 0 | 0 | 0 | 0 | 0 | 24.42 | -7.6 | -5.68 | 2.28 | -0.87 | -38.54 | 12.22 | -4.01 | -4.98 | 12.54 | -2.56 | 0.21 | 10.71 | -2.64 | 13.45 | 0 | 0 | 0 | 0 | -100.0 | -100.0 | 0 | 0 | 0 | 26.71 | 0.0 | 9.06 | 2.26 | 0.0 | 197.37 | 2.04 | 0.0 | 0 | 14.49 | 18.67 | -22.31 | 18.79 | 13.88 | -3.19 | -1.23 | 49.17 | 42.25 | 13.26 | 35.44 | -19.73 | 0.01 | -4.19 | -21.92 |
| 21Q4 (12) | 16.45 | -29.09 | 33.63 | 0.37 | -93.36 | -53.16 | 0 | 0 | 0 | 0 | 0 | 0 | 26.43 | 18.52 | -1.75 | 2.3 | 46.5 | -33.72 | 12.73 | 15.73 | 5.21 | 12.87 | 16.28 | -18.24 | 11.0 | -0.09 | 24.15 | 0 | 0 | 0 | 0.58 | 0 | -93.71 | 0 | 0 | 0 | 26.71 | 0.0 | 9.06 | 2.26 | 0.0 | 197.37 | 2.04 | 0.0 | 0 | 12.21 | 22.96 | -18.22 | 16.5 | 16.03 | 5.1 | -2.42 | 6.92 | -18.63 | 9.79 | 33.56 | -24.05 | 0.01 | -0.52 | -23.6 |
| 21Q3 (11) | 23.2 | 25.95 | 743.64 | 5.57 | 139.06 | 652.7 | 0 | 0 | 0 | 0 | 0 | -100.0 | 22.3 | -8.15 | -8.68 | 1.57 | -48.36 | -68.54 | 11.0 | -4.1 | -7.72 | 11.07 | -2.05 | -53.6 | 11.01 | 3.57 | 19.28 | 0 | 0 | 0 | 0 | -100.0 | -100.0 | 0 | 0 | 0 | 26.71 | 9.06 | 9.06 | 2.26 | 0.0 | 197.37 | 2.04 | 0.0 | 0 | 9.93 | 18.78 | -12.89 | 14.22 | 12.41 | 16.94 | -2.6 | -3.59 | -16.07 | 7.33 | 25.3 | -19.98 | 0.01 | -23.51 | -25.65 |
| 21Q2 (10) | 18.42 | 40.5 | 249.53 | 2.33 | 628.12 | -61.23 | 0 | 0 | 0 | 0 | 0 | -100.0 | 24.28 | -6.22 | -4.93 | 3.04 | -18.06 | -16.48 | 11.47 | -10.81 | 3.8 | 11.30 | -9.7 | -73.88 | 10.63 | 12.61 | 20.25 | 0 | 0 | 0 | 4.98 | -28.55 | -69.33 | 0 | 0 | 0 | 24.49 | 0.0 | 1.37 | 2.26 | 197.37 | 197.37 | 2.04 | 0 | 0 | 8.36 | -55.17 | 30.42 | 12.65 | -34.83 | 76.43 | -2.51 | -17.84 | -14.09 | 5.85 | -64.59 | 38.95 | 0.01 | 7.09 | -14.53 |
| 21Q1 (9) | 13.11 | 6.5 | 0 | 0.32 | -59.49 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 25.89 | -3.75 | 0 | 3.71 | 6.92 | 0 | 12.86 | 6.28 | 0 | 12.52 | -20.5 | 0 | 9.44 | 6.55 | 0 | 0 | 0 | 0 | 6.97 | -24.4 | 0 | 0 | 0 | 0 | 24.49 | 0.0 | 0 | 0.76 | 0.0 | 0 | 0 | 0 | 0 | 18.65 | 24.92 | 0 | 19.41 | 23.63 | 0 | -2.13 | -4.41 | 0 | 16.52 | 28.16 | 0 | 0.01 | -6.25 | 0 |
| 20Q4 (8) | 12.31 | 347.64 | 0 | 0.79 | 6.76 | 0 | 0 | 0 | 0 | 0 | -100.0 | 0 | 26.9 | 10.16 | 0 | 3.47 | -30.46 | 0 | 12.1 | 1.51 | 0 | 15.74 | -34.02 | 0 | 8.86 | -4.01 | 0 | 0 | 0 | 0 | 9.22 | -40.78 | 0 | 0 | 0 | 0 | 24.49 | 0.0 | 0 | 0.76 | 0.0 | 0 | 0 | 0 | 0 | 14.93 | 30.96 | 0 | 15.7 | 29.11 | 0 | -2.04 | 8.93 | 0 | 12.89 | 40.72 | 0 | 0.01 | -3.18 | 0 |
| 20Q3 (7) | 2.75 | -47.82 | 0 | 0.74 | -87.69 | 0 | 0 | 0 | 0 | 2.61 | 5.67 | 0 | 24.42 | -4.39 | 0 | 4.99 | 37.09 | 0 | 11.92 | 7.87 | 0 | 23.86 | -44.85 | 0 | 9.23 | 4.41 | 0 | 0 | 0 | 0 | 15.57 | -4.13 | 0 | 0 | 0 | 0 | 24.49 | 1.37 | 0 | 0.76 | 0.0 | 0 | 0 | 0 | 0 | 11.4 | 77.85 | 0 | 12.16 | 69.6 | 0 | -2.24 | -1.82 | 0 | 9.16 | 117.58 | 0 | 0.01 | -12.07 | 0 |
| 20Q2 (6) | 5.27 | 0 | 0 | 6.01 | 0 | 0 | 0 | 0 | 0 | 2.47 | 0 | 0 | 25.54 | 0 | 0 | 3.64 | 0 | 0 | 11.05 | 0 | 0 | 43.27 | 0 | 0 | 8.84 | 0 | 0 | 0 | 0 | 0 | 16.24 | 0 | 0 | 0 | 0 | 0 | 24.16 | 0 | 0 | 0.76 | 0 | 0 | 0 | 0 | 0 | 6.41 | 0 | 0 | 7.17 | 0 | 0 | -2.2 | 0 | 0 | 4.21 | 0 | 0 | 0.01 | 0 | 0 |
