Costco Wholesale Corp.、合併資產負債表結構：負債和股東權益（季度數據）
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2026年5月10日 |
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2026年2月15日 |
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2025年11月23日 |
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2025年8月31日 |
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2025年5月11日 |
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2025年2月16日 |
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2024年11月24日 |
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2024年9月1日 |
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2024年5月12日 |
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2024年2月18日 |
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2023年11月26日 |
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2023年9月3日 |
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2023年5月7日 |
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2023年2月12日 |
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2022年11月20日 |
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2022年8月28日 |
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2022年5月8日 |
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2022年2月13日 |
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2021年11月21日 |
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2021年8月29日 |
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2021年5月9日 |
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2021年2月14日 |
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2020年11月22日 |
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2020年8月30日 |
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2020年5月10日 |
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2020年2月16日 |
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2019年11月24日 |
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應付帳款 |
25.87% | |
24.69% | |
28.40% | |
25.66% | |
26.26% | |
25.42% | |
29.70% | |
27.81% | |
27.75% | |
26.38% | |
27.61% | |
25.34% | |
25.25% | |
24.54% | |
27.79% | |
27.82% | |
27.64% | |
27.09% | |
30.49% | |
27.47% | |
27.13% | |
26.19% | |
28.25% | |
25.51% | |
20.90% | |
22.70% | |
28.08% | |
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應計薪金和福利 |
6.04% | |
6.74% | |
6.25% | |
6.75% | |
6.38% | |
7.03% | |
6.52% | |
6.87% | |
6.43% | |
7.24% | |
6.07% | |
6.20% | |
6.17% | |
6.71% | |
6.54% | |
6.83% | |
6.41% | |
6.89% | |
6.21% | |
6.90% | |
6.68% | |
7.52% | |
5.96% | |
6.49% | |
6.27% | |
7.00% | |
6.14% | |
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累積會員獎勵 |
3.41% | |
3.39% | |
3.28% | |
3.47% | |
3.42% | |
3.40% | |
3.33% | |
3.49% | |
3.44% | |
3.42% | |
2.99% | |
3.12% | |
3.11% | |
3.02% | |
2.97% | |
2.98% | |
2.86% | |
2.85% | |
2.69% | |
2.82% | |
2.82% | |
2.81% | |
2.41% | |
2.51% | |
2.57% | |
2.55% | |
2.32% | |
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遞延會員費 |
3.65% | |
3.74% | |
3.61% | |
3.70% | |
3.88% | |
3.86% | |
3.66% | |
3.58% | |
3.76% | |
3.83% | |
3.34% | |
3.39% | |
3.65% | |
3.61% | |
3.52% | |
3.39% | |
3.53% | |
3.56% | |
3.42% | |
3.45% | |
3.67% | |
3.73% | |
3.30% | |
3.33% | |
3.54% | |
3.82% | |
3.53% | |
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其他流動負債 |
9.76% | |
10.19% | |
8.96% | |
8.55% | |
9.85% | |
10.82% | |
8.97% | |
9.04% | |
10.69% | |
11.43% | |
9.86% | |
10.63% | |
9.33% | |
10.77% | |
9.27% | |
8.86% | |
9.44% | |
9.62% | |
9.16% | |
9.04% | |
8.55% | |
8.12% | |
14.33% | |
6.88% | |
10.74% | |
10.45% | |
11.00% | |
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流動負債 |
48.74% |
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48.74% |
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50.50% |
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48.13% |
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49.79% |
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50.53% |
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52.17% |
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50.79% |
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52.07% |
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52.30% |
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49.87% |
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48.68% |
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47.50% |
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48.64% |
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50.08% |
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49.87% |
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49.87% |
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50.01% |
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51.98% |
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49.67% |
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48.86% |
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48.37% |
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54.25% |
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44.72% |
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44.03% |
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46.52% |
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51.07% |
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長期債務，不包括流動部分 |
6.56% | |
6.80% | |
6.84% | |
7.41% | |
7.57% | |
7.86% | |
7.83% | |
8.30% | |
8.59% | |
8.84% | |
7.96% | |
7.79% | |
9.73% | |
9.73% | |
9.80% | |
10.11% | |
10.19% | |
10.56% | |
10.39% | |
11.29% | |
13.09% | |
13.70% | |
12.50% | |
13.53% | |
14.69% | |
10.45% | |
9.93% | |
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長期經營租賃負債 |
2.85% | |
2.96% | |
2.94% | |
3.19% | |
3.26% | |
3.12% | |
3.12% | |
3.40% | |
3.51% | |
3.75% | |
3.26% | |
3.52% | |
3.76% | |
3.83% | |
3.79% | |
3.87% | |
3.84% | |
4.10% | |
4.13% | |
4.46% | |
4.61% | |
4.83% | |
4.27% | |
4.60% | |
4.90% | |
5.01% | |
4.75% | |
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其他長期負債 |
3.08% | |
3.14% | |
3.12% | |
3.44% | |
3.44% | |
3.56% | |
3.56% | |
3.69% | |
3.77% | |
3.80% | |
3.45% | |
3.70% | |
3.70% | |
3.69% | |
3.80% | |
3.98% | |
3.97% | |
3.66% | |
3.88% | |
4.07% | |
3.81% | |
3.74% | |
3.55% | |
3.48% | |
3.13% | |
3.16% | |
2.71% | |
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其他負債 |
12.49% |
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12.90% |
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12.90% |
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14.04% |
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14.28% |
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14.54% |
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14.51% |
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15.39% |
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15.87% |
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16.40% |
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14.66% |
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15.01% |
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17.18% |
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17.25% |
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17.39% |
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17.95% |
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18.00% |
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18.32% |
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18.41% |
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19.82% |
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21.51% |
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22.26% |
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20.33% |
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21.61% |
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22.71% |
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18.63% |
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17.39% |
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總負債 |
61.23% |
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61.64% |
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63.40% |
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62.17% |
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64.06% |
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65.07% |
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66.68% |
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66.17% |
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67.94% |
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68.70% |
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64.53% |
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63.68% |
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64.69% |
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65.89% |
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67.47% |
|
67.82% |
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67.87% |
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68.33% |
|
70.38% |
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69.50% |
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70.36% |
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70.63% |
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74.58% |
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66.33% |
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66.75% |
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65.15% |
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68.45% |
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優先股面值 0.005 美元;無已發行及流通股 |
0.00% | |
0.00% | |
0.00% | |
0.00% | |
0.00% | |
0.00% | |
0.00% | |
0.00% | |
0.00% | |
0.00% | |
0.00% | |
0.00% | |
0.00% | |
0.00% | |
0.00% | |
0.00% | |
0.00% | |
0.00% | |
0.00% | |
0.00% | |
0.00% | |
0.00% | |
0.00% | |
0.00% | |
0.00% | |
0.00% | |
0.00% | |
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普通股0.005美元面值 |
0.00% | |
0.00% | |
0.00% | |
0.00% | |
0.00% | |
0.00% | |
0.00% | |
0.00% | |
0.00% | |
0.00% | |
0.00% | |
0.00% | |
0.00% | |
0.00% | |
0.00% | |
0.00% | |
0.01% | |
0.01% | |
0.01% | |
0.01% | |
0.01% | |
0.01% | |
0.01% | |
0.01% | |
0.01% | |
0.01% | |
0.01% | |
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額外實收資本 |
10.05% | |
10.25% | |
10.16% | |
10.74% | |
10.79% | |
10.99% | |
10.77% | |
11.21% | |
11.34% | |
11.49% | |
10.16% | |
10.64% | |
10.80% | |
10.66% | |
10.57% | |
10.73% | |
11.39% | |
11.39% | |
11.01% | |
11.86% | |
12.08% | |
12.46% | |
11.17% | |
12.06% | |
12.74% | |
13.34% | |
12.43% | |
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累計其他綜合損失 |
-1.92% | |
-1.92% | |
-2.39% | |
-2.30% | |
-2.54% | |
-3.06% | |
-2.93% | |
-2.62% | |
-2.83% | |
-2.78% | |
-2.50% | |
-2.62% | |
-2.52% | |
-2.50% | |
-2.92% | |
-2.85% | |
-2.51% | |
-1.98% | |
-1.89% | |
-1.92% | |
-1.59% | |
-1.75% | |
-1.83% | |
-2.33% | |
-3.24% | |
-2.62% | |
-2.57% | |
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留存收益 |
30.64% | |
30.04% | |
28.83% | |
29.38% | |
27.68% | |
27.00% | |
25.48% | |
25.23% | |
23.54% | |
22.59% | |
27.81% | |
28.29% | |
27.02% | |
25.94% | |
24.86% | |
24.29% | |
22.39% | |
21.36% | |
19.65% | |
19.68% | |
18.27% | |
17.78% | |
15.33% | |
23.18% | |
22.97% | |
23.34% | |
20.97% | |
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Costco股東權益總額 |
38.77% |
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38.36% |
|
36.60% |
|
37.83% |
|
35.94% |
|
34.93% |
|
33.32% |
|
33.83% |
|
32.06% |
|
31.30% |
|
35.47% |
|
36.32% |
|
35.31% |
|
34.10% |
|
32.52% |
|
32.17% |
|
31.27% |
|
30.78% |
|
28.78% |
|
29.63% |
|
28.78% |
|
28.50% |
|
24.68% |
|
32.91% |
|
32.48% |
|
34.06% |
|
30.84% |
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|
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非控制性權益 |
0.00% | |
0.00% | |
0.00% | |
0.00% | |
0.00% | |
0.00% | |
0.00% | |
0.00% | |
0.00% | |
0.00% | |
0.00% | |
0.00% | |
0.01% | |
0.01% | |
0.01% | |
0.01% | |
0.85% | |
0.88% | |
0.84% | |
0.87% | |
0.86% | |
0.87% | |
0.75% | |
0.76% | |
0.78% | |
0.79% | |
0.71% | |
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|
總權益 |
38.77% |
|
38.36% |
|
36.60% |
|
37.83% |
|
35.94% |
|
34.93% |
|
33.32% |
|
33.83% |
|
32.06% |
|
31.30% |
|
35.47% |
|
36.32% |
|
35.31% |
|
34.11% |
|
32.53% |
|
32.18% |
|
32.13% |
|
31.67% |
|
29.62% |
|
30.50% |
|
29.64% |
|
29.37% |
|
25.42% |
|
33.67% |
|
33.25% |
|
34.85% |
|
31.55% |
|
|
|
負債和權益合計 |
100.00% |
|
100.00% |
|
100.00% |
|
100.00% |
|
100.00% |
|
100.00% |
|
100.00% |
|
100.00% |
|
100.00% |
|
100.00% |
|
100.00% |
|
100.00% |
|
100.00% |
|
100.00% |
|
100.00% |
|
100.00% |
|
100.00% |
|
100.00% |
|
100.00% |
|
100.00% |
|
100.00% |
|
100.00% |
|
100.00% |
|
100.00% |
|
100.00% |
|
100.00% |
|
100.00% |
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根據報告：
10-Q (報告日期： 2026-05-10), 10-Q (報告日期： 2026-02-15), 10-Q (報告日期： 2025-11-23), 10-K (報告日期： 2025-08-31), 10-Q (報告日期： 2025-05-11), 10-Q (報告日期： 2025-02-16), 10-Q (報告日期： 2024-11-24), 10-K (報告日期： 2024-09-01), 10-Q (報告日期： 2024-05-12), 10-Q (報告日期： 2024-02-18), 10-Q (報告日期： 2023-11-26), 10-K (報告日期： 2023-09-03), 10-Q (報告日期： 2023-05-07), 10-Q (報告日期： 2023-02-12), 10-Q (報告日期： 2022-11-20), 10-K (報告日期： 2022-08-28), 10-Q (報告日期： 2022-05-08), 10-Q (報告日期： 2022-02-13), 10-Q (報告日期： 2021-11-21), 10-K (報告日期： 2021-08-29), 10-Q (報告日期： 2021-05-09), 10-Q (報告日期： 2021-02-14), 10-Q (報告日期： 2020-11-22), 10-K (報告日期： 2020-08-30), 10-Q (報告日期： 2020-05-10), 10-Q (報告日期： 2020-02-16), 10-Q (報告日期： 2019-11-24).
資本結構分析顯示，總負債佔總負債和權益的比率呈現緩步下降趨勢，由2019年11月的68.45%降低至2026年5月的61.23%。此趨勢反映出資本結構正逐漸從依賴負債轉向增加權益比重。
- 流動負債分析
- 流動負債始終佔總資產的顯著比例，數值主要在44%至54%之間波動。其中，應付帳款是流動負債的核心組成部分，其佔比長期維持在20%至30%之間，顯示其對供應商信用融資的依賴程度相對穩定。其他流動負債與應計薪金和福利的佔比則保持在較低且穩定的區間。
- 長期負債趨勢
- 長期債務（不含流動部分）呈現明顯且持續的遞減趨勢，從2020年5月的峰值14.69%逐步下降至2026年5月的6.56%。同時，長期經營租賃負債也從早期的4.75%下降至2.85%。這表明長期借款規模相對於總資產在顯著縮減，財務槓桿壓力有所降低。
- 權益組成與增長
- 總權益佔比呈現上升趨勢，從2019年11月的31.55%增長至2026年5月的38.77%。此增長主要由留存收益驅動，留存收益佔比從20.97%大幅提升至30.64%，顯示公司具備強大的獲利能力且將大部分利潤重新投入於資本積累。相較之下，額外實收資本的佔比則略有下降，從12.43%降至10.05%。
- 綜合財務洞見
- 整體財務模式顯示出從外部融資向內部資本積累轉移的特徵。長期債務的降低與留存收益的增加同步發生，使得權益結構更加穩健。儘管流動負債佔比依然較高，但其組成成分穩定，且整體負債率的下降提升了財務彈性。
