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 | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2020 (10) | 40.74 | 16.6 | 38.34 | -35.01 | 0 | 0 | 0 | 0 | 174.38 | 9.87 | 15.25 | 32.96 | 59.76 | 16.47 | 34.27 | 6.0 | 42.46 | -6.29 | 3.22 | -7.74 | 53.96 | 25.26 | 106.32 | 7.79 | 26.33 | 6.6 | 9.76 | 13.36 | 9.86 | 142.26 | 30.57 | -0.81 | 50.19 | 15.38 | -11.14 | 0 | 19.43 | -7.3 | 0.00 | 3.33 |
| 2019 (9) | 34.94 | 22.42 | 58.99 | 43.46 | 6.1 | 1120.0 | 0 | 0 | 158.71 | -9.58 | 11.47 | -60.22 | 51.31 | -22.87 | 32.33 | -14.69 | 45.31 | -21.04 | 3.49 | -13.18 | 43.08 | -18.96 | 98.64 | 0.36 | 24.7 | 1.56 | 8.61 | 50.26 | 4.07 | 117.65 | 30.82 | -29.68 | 43.5 | -15.4 | -9.86 | 0 | 20.96 | -47.28 | 0.00 | 5.45 |
| 2018 (8) | 28.54 | 18.18 | 41.12 | 8.75 | 0.5 | 0 | 0 | 0 | 175.53 | 38.87 | 28.83 | 145.78 | 66.52 | 59.1 | 37.90 | 14.57 | 57.38 | 45.86 | 4.02 | 64.08 | 53.16 | 5.83 | 98.29 | 2878.48 | 24.32 | 2.4 | 5.73 | 25.93 | 1.87 | -47.03 | 43.83 | 115.59 | 51.42 | 80.99 | -4.07 | 0 | 39.76 | 115.38 | 0.00 | -71.56 |
| 2017 (7) | 24.15 | 6.06 | 37.81 | 64.03 | 0 | 0 | 0 | 0 | 126.4 | 11.26 | 11.73 | 72.75 | 41.81 | 12.24 | 33.08 | 0.88 | 39.34 | 26.9 | 2.45 | 0 | 50.23 | 62.61 | 3.3 | 5.43 | 23.75 | 84.82 | 4.55 | 17.57 | 3.53 | 113.94 | 20.33 | 24.8 | 28.41 | 30.26 | -1.87 | 0 | 18.46 | 28.11 | 0.01 | 0.92 |
| 2016 (6) | 22.77 | 183.92 | 23.05 | 210.23 | 0 | 0 | 0 | 0 | 113.61 | 138.68 | 6.79 | 21.25 | 37.25 | 107.52 | 32.79 | -13.05 | 31.0 | 108.19 | 0 | 0 | 30.89 | 51.64 | 3.13 | 381.54 | 12.85 | 1.18 | 3.87 | 16.92 | 1.65 | 0.0 | 16.29 | 15.53 | 21.81 | 14.43 | -1.88 | 0 | 14.41 | -9.09 | 0.01 | -45.49 |
| 2015 (5) | 8.02 | 37.33 | 7.43 | -17.44 | 1.12 | 0 | 0 | 0 | 47.6 | 20.54 | 5.6 | 53.85 | 17.95 | 17.09 | 37.71 | -2.86 | 14.89 | 27.05 | 0 | 0 | 20.37 | 30.58 | 0.65 | 3.17 | 12.7 | 0.0 | 3.31 | 12.2 | 1.65 | 0.0 | 14.1 | 16.92 | 19.06 | 14.41 | 1.75 | -6.91 | 15.85 | 13.7 | 0.02 | 0.11 |
| 2014 (4) | 5.84 | 27.79 | 9.0 | 2.04 | 0 | 0 | 0 | 0 | 39.49 | 6.59 | 3.64 | 34.81 | 15.33 | 29.37 | 38.82 | 21.37 | 11.72 | 11.51 | 0 | 0 | 15.6 | 20.0 | 0.63 | 0.0 | 12.7 | -9.99 | 2.95 | 10.07 | 1.65 | 0.0 | 12.06 | 34.6 | 16.66 | 25.45 | 1.88 | 172.46 | 13.94 | 44.46 | 0.02 | 21.2 |
| 2013 (3) | 4.57 | 0 | 8.82 | 0 | 0 | 0 | 0 | 0 | 37.05 | 0 | 2.7 | 0 | 11.85 | 0 | 31.98 | 0 | 10.51 | 0 | 0 | 0 | 13.0 | 0 | 0.63 | 0 | 14.11 | 0 | 2.68 | 0 | 1.65 | 0 | 8.96 | 0 | 13.28 | 0 | 0.69 | 0 | 9.65 | 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 | |||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 21Q3 (20) | 27.36 | -3.46 | -8.46 | 20.25 | -3.2 | -53.45 | 0.27 | 2600.0 | 0 | 0 | 0 | 0 | 44.48 | -4.41 | -7.16 | 1.79 | -56.87 | -66.97 | 63.87 | 1.69 | 4.28 | 35.50 | 3.63 | -2.04 | 34.32 | 4.38 | -27.73 | 3.01 | -4.44 | -9.61 | 33.51 | -3.57 | -41.64 | 109.11 | -0.2 | 2.78 | 26.39 | 0.15 | 2.33 | 11.3 | 15.78 | 15.78 | 11.14 | 12.98 | 12.98 | 33.3 | -3.0 | 13.96 | 55.74 | 3.32 | 14.13 | -11.32 | -6.19 | 12.04 | 21.98 | -7.14 | 34.43 | 0.01 | 5.13 | 116.74 |
| 21Q2 (19) | 28.34 | -4.68 | -3.93 | 20.92 | -28.63 | -52.17 | 0.01 | 0.0 | -99.45 | 0 | 0 | 0 | 46.53 | 6.65 | 3.45 | 4.15 | -15.65 | -29.78 | 62.81 | 4.93 | 10.39 | 34.26 | 4.04 | -2.02 | 32.88 | -3.52 | -33.7 | 3.15 | -0.63 | -5.12 | 34.75 | 0.03 | -36.58 | 109.33 | -0.32 | 3.13 | 26.35 | 0.0 | 2.73 | 9.76 | 0.0 | 0.0 | 9.86 | 0.0 | 0.0 | 34.33 | 14.4 | 44.24 | 53.95 | 8.68 | 24.22 | -10.66 | -25.86 | 26.48 | 23.67 | 9.89 | 154.52 | 0.01 | -5.7 | 101.68 |
| 21Q1 (18) | 29.73 | -27.03 | -4.31 | 29.31 | -23.55 | -49.95 | 0.01 | 0 | -99.4 | 0 | 0 | 0 | 43.63 | -3.64 | 20.49 | 4.92 | 275.57 | 88.51 | 59.86 | 0.17 | 16.75 | 32.93 | -3.92 | 1.43 | 34.08 | -19.74 | -29.53 | 3.17 | -1.55 | -5.93 | 34.74 | -35.62 | -16.31 | 109.68 | 3.16 | 4.22 | 26.35 | 0.08 | 3.21 | 9.76 | 0.0 | 13.36 | 9.86 | 0.0 | 142.26 | 30.01 | -1.83 | 21.06 | 49.64 | -1.1 | 32.48 | -8.47 | 23.97 | 30.63 | 21.54 | 10.86 | 71.22 | 0.01 | 117.41 | 121.14 |
| 20Q4 (17) | 40.74 | 36.3 | 16.6 | 38.34 | -11.86 | -35.01 | 0 | 0 | -100.0 | 0 | 0 | 0 | 45.28 | -5.49 | 13.43 | 1.31 | -75.83 | -11.49 | 59.76 | -2.43 | 16.47 | 34.27 | -5.43 | 6.0 | 42.46 | -10.59 | -6.29 | 3.22 | -3.3 | -7.74 | 53.96 | -6.03 | 25.26 | 106.32 | 0.15 | 7.79 | 26.33 | 2.09 | 6.6 | 9.76 | 0.0 | 13.36 | 9.86 | 0.0 | 142.26 | 30.57 | 4.62 | -0.81 | 50.19 | 2.76 | 15.38 | -11.14 | 13.44 | -12.98 | 19.43 | 18.84 | -7.3 | 0.00 | 0.56 | 3.33 |
| 20Q3 (16) | 29.89 | 1.32 | -22.52 | 43.5 | -0.55 | -45.05 | 0 | -100.0 | -100.0 | 0 | 0 | 0 | 47.91 | 6.51 | 15.06 | 5.42 | -8.29 | 48.09 | 61.25 | 7.64 | 8.95 | 36.24 | 3.65 | 3.18 | 47.49 | -4.23 | -4.33 | 3.33 | 0.3 | -6.98 | 57.42 | 4.8 | 104.34 | 106.16 | 0.14 | 7.12 | 25.79 | 0.55 | 5.83 | 9.76 | 0.0 | 13.36 | 9.86 | 0.0 | 142.26 | 29.22 | 22.77 | -0.17 | 48.84 | 12.46 | 16.42 | -12.87 | 11.24 | -54.5 | 16.35 | 75.81 | -21.92 | 0.00 | -2.17 | 0.19 |
| 20Q2 (15) | 29.5 | -5.05 | -18.67 | 43.74 | -25.31 | -35.18 | 1.83 | 9.58 | 238.89 | 0 | 0 | 0 | 44.98 | 24.22 | 11.97 | 5.91 | 126.44 | 91.88 | 56.9 | 10.98 | 7.77 | 34.96 | 7.7 | 18.43 | 49.59 | 2.54 | -10.55 | 3.32 | -1.48 | -13.99 | 54.79 | 31.99 | 79.82 | 106.01 | 0.73 | 8.03 | 25.65 | 0.47 | 5.25 | 9.76 | 13.36 | 13.36 | 9.86 | 142.26 | 142.26 | 23.8 | -3.99 | -7.07 | 43.43 | 15.91 | 13.42 | -14.5 | -18.76 | -541.59 | 9.3 | -26.07 | -60.17 | 0.00 | 3.4 | 4.37 |
| 20Q1 (14) | 31.07 | -11.08 | 10.06 | 58.56 | -0.73 | -2.06 | 1.67 | -72.62 | 234.0 | 0 | 0 | 0 | 36.21 | -9.29 | -2.08 | 2.61 | 76.35 | -19.44 | 51.27 | -0.08 | -4.97 | 32.46 | 0.41 | 9.33 | 48.36 | 6.73 | -17.08 | 3.37 | -3.44 | -16.79 | 41.51 | -3.64 | 25.33 | 105.24 | 6.69 | 7.2 | 25.53 | 3.36 | 4.98 | 8.61 | 0.0 | 50.26 | 4.07 | 0.0 | 117.65 | 24.79 | -19.57 | -47.33 | 37.47 | -13.86 | -31.45 | -12.21 | -23.83 | -853.91 | 12.58 | -39.98 | -72.53 | 0.00 | 1.58 | 8.31 |
| 19Q4 (13) | 34.94 | -9.43 | 22.42 | 58.99 | -25.48 | 43.46 | 6.1 | -0.65 | 1120.0 | 0 | 0 | 0 | 39.92 | -4.13 | -3.29 | 1.48 | -59.56 | -61.26 | 51.31 | -8.73 | -22.87 | 32.33 | -7.95 | -14.69 | 45.31 | -8.72 | -21.04 | 3.49 | -2.51 | -13.18 | 43.08 | 53.31 | -18.96 | 98.64 | -0.46 | 0.36 | 24.7 | 1.35 | 1.56 | 8.61 | 0.0 | 50.26 | 4.07 | 0.0 | 117.65 | 30.82 | 5.3 | -29.68 | 43.5 | 3.69 | -15.4 | -9.86 | -18.37 | -142.26 | 20.96 | 0.1 | -47.28 | 0.00 | -2.49 | 5.45 |
| 19Q3 (12) | 38.58 | 6.37 | 10.54 | 79.16 | 17.31 | 92.84 | 6.14 | 1037.04 | 1128.0 | 0 | 0 | 0 | 41.64 | 3.66 | -31.08 | 3.66 | 18.83 | -75.03 | 56.22 | 6.48 | -28.23 | 35.12 | 18.97 | -24.97 | 49.64 | -10.46 | -8.13 | 3.58 | -7.25 | 1.99 | 28.1 | -7.78 | -52.77 | 99.1 | 0.99 | 3.07 | 24.37 | 0.0 | 7.74 | 8.61 | 0.0 | 50.26 | 4.07 | 0.0 | 117.65 | 29.27 | 14.29 | -28.15 | 41.95 | 9.56 | -13.22 | -8.33 | -268.58 | -72.11 | 20.94 | -10.32 | -41.67 | 0.00 | 1.91 | -12.01 |
| 19Q2 (11) | 36.27 | 28.48 | -1.23 | 67.48 | 12.86 | 53.4 | 0.54 | 8.0 | 8.0 | 0 | 0 | 0 | 40.17 | 8.63 | -6.62 | 3.08 | -4.94 | -60.21 | 52.8 | -2.13 | -14.93 | 29.52 | -0.57 | -27.57 | 55.44 | -4.94 | 5.42 | 3.86 | -4.69 | 7.52 | 30.47 | -8.0 | -45.22 | 98.13 | -0.04 | 2.01 | 24.37 | 0.21 | -22.56 | 8.61 | 50.26 | 50.26 | 4.07 | 117.65 | 117.65 | 25.61 | -45.59 | 2.07 | 38.29 | -29.95 | 17.13 | -2.26 | -76.56 | -334.62 | 23.35 | -49.01 | -4.97 | 0.00 | 7.3 | -3.71 |
| 19Q1 (10) | 28.23 | -1.09 | 1.18 | 59.79 | 45.4 | 50.83 | 0.5 | 0.0 | 0 | 0 | 0 | 0 | 36.98 | -10.42 | 20.03 | 3.24 | -15.18 | 24.14 | 53.95 | -18.9 | 30.82 | 29.69 | -21.65 | 3.6 | 58.32 | 1.64 | 39.96 | 4.05 | 0.75 | 60.71 | 33.12 | -37.7 | -35.79 | 98.17 | -0.12 | 2787.35 | 24.32 | 0.0 | 2.23 | 5.73 | 0.0 | 25.93 | 1.87 | 0.0 | -47.03 | 47.07 | 7.39 | 104.74 | 54.66 | 6.3 | 75.93 | -1.28 | 68.55 | -236.84 | 45.79 | 15.17 | 102.52 | 0.00 | -1.1 | -69.81 |
| 18Q4 (9) | 28.54 | -18.22 | 0 | 41.12 | 0.17 | 0 | 0.5 | 0.0 | 0 | 0 | 0 | 0 | 41.28 | -31.68 | 24.75 | 3.82 | -73.94 | 6.7 | 66.52 | -15.08 | 0 | 37.90 | -19.04 | 0 | 57.38 | 6.2 | 0 | 4.02 | 14.53 | 0 | 53.16 | -10.66 | 0 | 98.29 | 2.23 | 0 | 24.32 | 7.52 | 2.4 | 5.73 | 0.0 | 0 | 1.87 | 0.0 | 0 | 43.83 | 7.58 | 0 | 51.42 | 6.37 | 80.99 | -4.07 | 15.91 | 0 | 39.76 | 10.75 | 0 | 0.00 | -18.64 | -71.56 |
| 18Q3 (8) | 34.9 | -4.96 | 0 | 41.05 | -6.68 | 0 | 0.5 | 0.0 | 0 | 0 | 0 | 0 | 60.42 | 40.45 | 33.2 | 14.66 | 89.41 | 238.57 | 78.33 | 26.2 | 0 | 46.81 | 14.84 | 0 | 54.03 | 2.74 | 0 | 3.51 | -2.23 | 0 | 59.5 | 6.98 | 0 | 96.15 | -0.05 | 0 | 22.62 | -28.12 | 11.1 | 5.73 | 0.0 | 0 | 1.87 | 0.0 | 0 | 40.74 | 62.38 | 0 | 48.34 | 47.87 | 93.9 | -4.84 | -830.77 | 0 | 35.9 | 46.11 | 0 | 0.00 | 11.53 | -76.18 |
| 18Q2 (7) | 36.72 | 31.61 | 0 | 43.99 | 10.97 | 0 | 0.5 | 0 | 0 | 0 | 0 | 0 | 43.02 | 39.63 | 24.23 | 7.74 | 196.55 | 226.58 | 62.07 | 50.51 | 0 | 40.76 | 42.22 | 0 | 52.59 | 26.21 | 0 | 3.59 | 42.46 | 0 | 55.62 | 7.83 | 0 | 96.2 | 2729.41 | 0 | 31.47 | 32.28 | 57.82 | 5.73 | 25.93 | 0 | 1.87 | -47.03 | 0 | 25.09 | 9.13 | 0 | 32.69 | 5.21 | 46.46 | -0.52 | -36.84 | 0 | 24.57 | 8.67 | 0 | 0.00 | -66.36 | -71.73 |
| 18Q1 (6) | 27.9 | 0 | 0 | 39.64 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 30.81 | -6.89 | 131.31 | 2.61 | -27.09 | 80.0 | 41.24 | 0 | 0 | 28.66 | 0 | 0 | 41.67 | 0 | 0 | 2.52 | 0 | 0 | 51.58 | 0 | 0 | 3.4 | 0 | 0 | 23.79 | 0.17 | 77.67 | 4.55 | 0 | 0 | 3.53 | 0 | 0 | 22.99 | 0 | 0 | 31.07 | 9.36 | 33.52 | -0.38 | 0 | 0 | 22.61 | 0 | 0 | 0.01 | -6.83 | -57.87 |
| 17Q4 (5) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 33.09 | -27.05 | 137.2 | 3.58 | -17.32 | 103.41 | 0 | 0 | 0 | 0.00 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 23.75 | 16.65 | 84.82 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 28.41 | 13.96 | 30.26 | 0 | 0 | 0 | 0 | 0 | 0 | 0.01 | -31.87 | -56.48 |
| 17Q3 (4) | 0 | 0 | 0.0 | 0 | 0 | 0.0 | 0 | 0 | 0.0 | 0 | 0 | 0.0 | 45.36 | 30.98 | 0.0 | 4.33 | 82.7 | 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 | 20.36 | 2.11 | 0.0 | 0 | 0 | 0.0 | 0 | 0 | 0.0 | 0 | 0 | 0.0 | 24.93 | 11.69 | 0.0 | 0 | 0 | 0.0 | 0 | 0 | 0.0 | 0.02 | 32.39 | 0.0 |
