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) | 6.01 | -26.17 | 0.6 | -50.0 | 0 | 0 | 0 | 0 | 40.54 | 6.15 | 1.94 | 16.17 | 9.28 | 13.73 | 22.89 | 7.13 | 0 | 0 | 0 | 0 | 8.79 | 0 | 11.5 | -4.56 | 3.65 | 0.0 | 0.74 | 29.82 | 0.02 | 0 | 2.19 | 31.93 | 2.95 | 32.29 | -0.03 | 0 | 2.16 | 31.71 | 0.25 | 80.25 |
| 2018 (9) | 8.14 | 87.13 | 1.2 | 990.91 | 0 | 0 | 0 | 0 | 38.19 | 40.66 | 1.67 | 79.57 | 8.16 | 56.02 | 21.37 | 10.92 | 0 | 0 | 0 | 0 | 0 | 0 | 12.05 | 156.93 | 3.65 | 21.67 | 0.57 | 18.75 | 0 | 0 | 1.66 | 78.49 | 2.23 | 58.16 | -0.02 | 0 | 1.64 | 74.47 | 0.14 | 43.5 |
| 2017 (8) | 4.35 | 40.32 | 0.11 | 0 | 0 | 0 | 0 | 0 | 27.15 | 14.9 | 0.93 | -4.12 | 5.23 | 26.33 | 19.26 | 9.95 | 0 | 0 | 0 | 0 | 0 | 0 | 4.69 | 18.14 | 3.0 | 0.0 | 0.48 | 26.32 | 0 | 0 | 0.93 | -4.12 | 1.41 | 4.44 | 0.01 | 0.0 | 0.94 | -4.08 | 0.10 | 13.17 |
| 2016 (7) | 3.1 | 79.19 | 0 | 0 | 0 | 0 | 0 | 0 | 23.63 | 47.6 | 0.97 | 97.96 | 4.14 | 31.01 | 17.52 | -11.24 | 0 | 0 | 0 | 0 | 0 | 0 | 3.97 | 0 | 3.0 | 215.79 | 0.38 | -15.56 | 0 | 0 | 0.97 | 155.26 | 1.35 | 64.63 | 0.01 | -50.0 | 0.98 | 145.0 | 0.08 | 0 |
| 2015 (6) | 1.73 | 42.98 | 0.07 | -93.64 | 0 | 0 | 0 | 0 | 16.01 | -10.71 | 0.49 | 104.17 | 3.16 | -23.67 | 19.74 | -14.52 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.95 | 216.67 | 0.45 | 0.0 | 0 | 0 | 0.38 | 280.0 | 0.82 | 49.09 | 0.02 | 0.0 | 0.4 | 233.33 | 0.00 | 0 |
| 2014 (5) | 1.21 | 137.25 | 1.1 | 0 | 0 | 0 | 0.36 | 176.92 | 17.93 | 168.41 | 0.24 | -22.58 | 4.14 | 298.08 | 23.09 | 48.31 | 0.49 | -30.99 | 0 | 0 | 0 | 0 | 0 | 0 | 0.3 | 0.0 | 0.45 | 9.76 | 0 | 0 | 0.1 | -77.78 | 0.55 | -36.05 | 0.02 | 0 | 0.12 | -73.33 | 0.00 | 0 |
| 2013 (4) | 0.51 | 0 | 0 | 0 | 0 | 0 | 0.13 | 0 | 6.68 | 0 | 0.31 | 0 | 1.04 | 0 | 15.57 | 0 | 0.71 | 0 | 0.03 | 0 | 0 | 0 | 0.07 | 0 | 0.3 | 0 | 0.41 | 0 | 0 | 0 | 0.45 | 0 | 0.86 | 0 | 0 | 0 | 0.45 | 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 | |||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 20Q2 (20) | 5.21 | -38.27 | 8.32 | 1.04 | -19.38 | 9.47 | 2.7 | -15.62 | 76.47 | 0 | 0 | 0 | 6.08 | -11.24 | -36.27 | -0.1 | 72.97 | -133.33 | 5.31 | 7.49 | -27.85 | 14.68 | 17.78 | -39.57 | 0 | 0 | 0 | 0 | 0 | 0 | 8.15 | 23.67 | 27.94 | 11.24 | -1.14 | -4.5 | 3.65 | 0.0 | 0.0 | 0.93 | 25.68 | 25.68 | 0.03 | 50.0 | 50.0 | -1.12 | -161.88 | -255.56 | -0.16 | -106.2 | -110.81 | -0.03 | 0.0 | -50.0 | -1.15 | -164.61 | -264.29 | 0.34 | 38.64 | 38.02 |
| 20Q1 (19) | 8.44 | 40.43 | 21.79 | 1.29 | 115.0 | 134.55 | 3.2 | 0 | 1500.0 | 0 | 0 | 0 | 6.85 | -47.39 | -11.73 | -0.37 | -138.14 | -331.25 | 4.94 | -46.77 | -15.99 | 12.47 | -45.54 | -35.54 | 0 | 0 | 0 | 0 | 0 | 0 | 6.59 | -25.03 | -26.78 | 11.37 | -1.13 | -4.53 | 3.65 | 0.0 | 0.0 | 0.74 | 0.0 | 29.82 | 0.02 | 0.0 | 0 | 1.81 | -17.35 | -0.55 | 2.58 | -12.54 | 7.5 | -0.03 | 0.0 | -50.0 | 1.78 | -17.59 | -1.11 | 0.25 | -1.18 | -14.69 |
| 19Q4 (18) | 6.01 | 37.21 | 21.91 | 0.6 | -26.83 | 20.0 | 0 | -100.0 | 0 | 0 | 0 | 0 | 13.02 | 27.52 | 352.08 | 0.97 | 94.0 | 38.57 | 9.28 | 18.82 | 45.23 | 22.90 | -10.91 | 7.32 | 0 | 0 | 0 | 0 | 0 | 0 | 8.79 | 30.61 | 0 | 11.5 | -1.12 | 150.54 | 3.65 | 0.0 | 0.0 | 0.74 | 0.0 | 29.82 | 0.02 | 0.0 | 0 | 2.19 | 78.05 | 31.93 | 2.95 | 48.24 | 32.29 | -0.03 | -50.0 | -50.0 | 2.16 | 78.51 | 31.71 | 0.25 | 2.84 | 106.22 |
| 19Q3 (17) | 4.38 | -8.94 | -53.21 | 0.82 | -13.68 | 1540.0 | 2.03 | 32.68 | 0 | 0 | 0 | 0 | 10.21 | 7.02 | 0.99 | 0.5 | 66.67 | 38.89 | 7.81 | 6.11 | -0.64 | 25.70 | 5.76 | 19.93 | 0 | 0 | 0 | 0 | 0 | 0 | 6.73 | 5.65 | 0 | 11.63 | -1.19 | -4.59 | 3.65 | 0.0 | 0.0 | 0.74 | 0.0 | 29.82 | 0.02 | 0.0 | 0 | 1.23 | 70.83 | 26.8 | 1.99 | 34.46 | 29.22 | -0.02 | 0.0 | -300.0 | 1.21 | 72.86 | 23.47 | 0.24 | -2.03 | 119.8 |
| 19Q2 (16) | 4.81 | -30.59 | -55.55 | 0.95 | 72.73 | 137.5 | 1.53 | 665.0 | 0 | 0 | 0 | 0 | 9.54 | 22.94 | -1.14 | 0.3 | 87.5 | -28.57 | 7.36 | 25.17 | 3.95 | 24.30 | 25.62 | -8.81 | 0 | 0 | 0 | 0 | 0 | 0 | 6.37 | -29.22 | 0 | 11.77 | -1.18 | -4.46 | 3.65 | 0.0 | 0.0 | 0.74 | 29.82 | 29.82 | 0.02 | 0 | 0 | 0.72 | -60.44 | 18.03 | 1.48 | -38.33 | 25.42 | -0.02 | 0.0 | -300.0 | 0.7 | -61.11 | 12.9 | 0.25 | -14.31 | 135.38 |
| 19Q1 (15) | 6.93 | 40.57 | -38.24 | 0.55 | 10.0 | 103.7 | 0.2 | 0 | 0 | 0 | 0 | 0 | 7.76 | 169.44 | 6.16 | 0.16 | -77.14 | -15.79 | 5.88 | -7.98 | 9.09 | 19.34 | -9.34 | -39.28 | 0 | 0 | 0 | 0 | 0 | 0 | 9.0 | 0 | 0 | 11.91 | 159.48 | -4.41 | 3.65 | 0.0 | 0.0 | 0.57 | 0.0 | 18.75 | 0 | 0 | 0 | 1.82 | 9.64 | 62.5 | 2.4 | 7.62 | 50.0 | -0.02 | 0.0 | -300.0 | 1.8 | 9.76 | 59.29 | 0.29 | 138.88 | 144.53 |
| 18Q4 (14) | 4.93 | -47.33 | 13.33 | 0.5 | 900.0 | 354.55 | 0 | 0 | 0 | 0 | 0 | 0 | 2.88 | -71.51 | -70.03 | 0.7 | 94.44 | 180.0 | 6.39 | -18.7 | 22.18 | 21.34 | -0.43 | -60.8 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 4.59 | -62.35 | -2.13 | 3.65 | 0.0 | 21.67 | 0.57 | 0.0 | 18.75 | 0 | 0 | 0 | 1.66 | 71.13 | 78.49 | 2.23 | 44.81 | 58.16 | -0.02 | -300.0 | -300.0 | 1.64 | 67.35 | 74.47 | 0.12 | 9.61 | 25.42 |
| 18Q3 (13) | 9.36 | -13.49 | 0 | 0.05 | -87.5 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 10.11 | 4.77 | 0 | 0.36 | -14.29 | 0 | 7.86 | 11.02 | 0 | 21.43 | -19.58 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 12.19 | -1.06 | 0 | 3.65 | 0.0 | 0 | 0.57 | 0.0 | 0 | 0 | 0 | 0 | 0.97 | 59.02 | 0 | 1.54 | 30.51 | 0 | 0.01 | 0.0 | 0 | 0.98 | 58.06 | 0 | 0.11 | 4.91 | 0 |
| 18Q2 (12) | 10.82 | -3.57 | 0 | 0.4 | 48.15 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 9.65 | 32.01 | 0 | 0.42 | 121.05 | 0 | 7.08 | 31.35 | 0 | 26.65 | -16.35 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 12.32 | -1.12 | 0 | 3.65 | 0.0 | 0 | 0.57 | 18.75 | 0 | 0 | 0 | 0 | 0.61 | -45.54 | 0 | 1.18 | -26.25 | 0 | 0.01 | 0.0 | 0 | 0.62 | -45.13 | 0 | 0.10 | -10.98 | 0 |
| 18Q1 (11) | 11.22 | 157.93 | 0 | 0.27 | 145.45 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 7.31 | -23.93 | 0 | 0.19 | -24.0 | 0 | 5.39 | 3.06 | 0 | 31.86 | -41.47 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 12.46 | 165.67 | 0 | 3.65 | 21.67 | 0 | 0.48 | 0.0 | 0 | 0 | 0 | 0 | 1.12 | 20.43 | 0 | 1.6 | 13.48 | 0 | 0.01 | 0.0 | 0 | 1.13 | 20.21 | 0 | 0.12 | 22.53 | 0 |
| 17Q4 (10) | 4.35 | 0 | 0 | 0.11 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 9.61 | 0 | 0 | 0.25 | 0 | 0 | 5.23 | 0 | 0 | 54.42 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 4.69 | 0 | 0 | 3.0 | 0 | 0 | 0.48 | 0 | 0 | 0 | 0 | 0 | 0.93 | 0 | 0 | 1.41 | 0 | 0 | 0.01 | 0 | 0 | 0.94 | 0 | 0 | 0.10 | 0 | 0 |
