- 收帳和銷貨天數如果一直上升, 就要當心了!
- 存貨在不同時期有不同的意義, 像是滯銷, 或是因為報價回升而屯貨, 或是積極備料, 這都需要去看存貨細項和判斷當時的情況來分辨
- 當存貨增加時, 還需要注意增加的是不是商品或製成品. 如果是在製品或原物料, 反而有可能是供給不順沒法變製成品又或者是需求旺盛(短期營收趨勢向上)
- 處在景氣下行的公司當存貨細項-原料和在製品的回升可能代表訂單開始回溫了
- 當記憶體模組廠, 像是威剛、十銓存貨增加時, 有可能是在增加低價庫存, 代表著景氣循環來到相對低點, 也許就是建立部位的好時機
- 當淨營業週期(日)接近於0, 代表公司好像在做無本生意
| 應收帳款周轉率 QoQ YoY | 存貨周轉率 QoQ YoY | 平均收帳天數 QoQ YoY | 平圴銷貨天數 QoQ YoY | 應付帳款付現天數 QoQ YoY | 淨營業週期(日) QoQ YoY | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 23Q4 (20) | 2.46 | -10.87 | 22.39 | 0.74 | 4.23 | 131.25 | 37.02 | 12.28 | -18.28 | 123.40 | -3.65 | -55.98 | 68.17 | 20.55 | -9.72 | 92.24 | -11.72 | -63.12 |
| 23Q3 (19) | 2.76 | -6.12 | 58.62 | 0.71 | 29.09 | 65.12 | 32.97 | 6.49 | -36.83 | 128.08 | -22.14 | -39.5 | 56.55 | 15.67 | -43.25 | 104.49 | -28.71 | -36.39 |
| 23Q2 (18) | 2.94 | 1.73 | 40.0 | 0.55 | 37.5 | -21.43 | 30.96 | -1.71 | -28.68 | 164.51 | -26.8 | 26.33 | 48.89 | -0.49 | -41.46 | 146.58 | -29.23 | 62.67 |
| 23Q1 (17) | 2.89 | 43.78 | 32.57 | 0.40 | 25.0 | -52.38 | 31.50 | -30.46 | -24.42 | 224.73 | -19.83 | 106.63 | 49.13 | -34.94 | -36.24 | 207.11 | -17.19 | 182.2 |
| 22Q4 (16) | 2.01 | 15.52 | -0.5 | 0.32 | -25.58 | -67.01 | 45.30 | -13.2 | 0.67 | 280.31 | 32.4 | 197.35 | 75.51 | -24.22 | -1.65 | 250.10 | 52.26 | 300.22 |
| 22Q3 (15) | 1.74 | -17.14 | -19.82 | 0.43 | -38.57 | -65.04 | 52.19 | 20.23 | 24.53 | 211.71 | 62.58 | 185.86 | 99.65 | 19.33 | 38.4 | 164.26 | 82.29 | 273.66 |
| 22Q2 (14) | 2.10 | -3.67 | -9.09 | 0.70 | -16.67 | -47.76 | 43.41 | 4.15 | 10.04 | 130.22 | 19.73 | 91.58 | 83.51 | 8.38 | 22.7 | 90.11 | 22.78 | 128.88 |
| 22Q1 (13) | 2.18 | 7.92 | 11.79 | 0.84 | -13.4 | -30.0 | 41.68 | -7.38 | -10.83 | 108.76 | 15.37 | 43.16 | 77.05 | 0.35 | 2.65 | 73.39 | 17.44 | 54.05 |
| 21Q4 (12) | 2.02 | -6.91 | -3.35 | 0.97 | -21.14 | -29.71 | 45.00 | 7.37 | 3.35 | 94.27 | 27.29 | 43.09 | 76.78 | 6.64 | 9.42 | 62.49 | 42.15 | 59.21 |
| 21Q3 (11) | 2.17 | -6.06 | -6.47 | 1.23 | -8.21 | -12.14 | 41.91 | 6.24 | 6.64 | 74.06 | 8.96 | 13.99 | 72.00 | 5.79 | 7.98 | 43.96 | 11.66 | 16.95 |
| 21Q2 (10) | 2.31 | 18.46 | 0.43 | 1.34 | 11.67 | 22.94 | 39.45 | -15.6 | -0.3 | 67.97 | -10.53 | -18.73 | 68.06 | -9.33 | -0.01 | 39.37 | -17.36 | -28.59 |
| 21Q1 (9) | 1.95 | -6.7 | 10.17 | 1.20 | -13.04 | 50.0 | 46.74 | 7.35 | -9.08 | 75.97 | 15.32 | -33.51 | 75.06 | 6.97 | -11.23 | 47.64 | 21.38 | -41.27 |
| 20Q4 (8) | 2.09 | -9.91 | 0.48 | 1.38 | -1.43 | 30.19 | 43.54 | 10.79 | -0.66 | 65.88 | 1.4 | -23.32 | 70.17 | 5.23 | -14.03 | 39.25 | 4.42 | -18.45 |
| 20Q3 (7) | 2.32 | 0.87 | 7.41 | 1.40 | 28.44 | 30.84 | 39.30 | -0.68 | -6.52 | 64.97 | -22.31 | -23.54 | 66.68 | -2.04 | -16.05 | 37.59 | -31.82 | -20.98 |
| 20Q2 (6) | 2.30 | 29.94 | 0.88 | 1.09 | 36.25 | 17.2 | 39.57 | -23.03 | -0.75 | 83.63 | -26.81 | -14.12 | 68.07 | -19.5 | -8.37 | 55.13 | -32.04 | -12.44 |
| 20Q1 (5) | 1.77 | -14.9 | -9.23 | 0.80 | -24.53 | -9.09 | 51.41 | 17.29 | 10.2 | 114.26 | 33.0 | 9.89 | 84.56 | 3.6 | 4.69 | 81.12 | 68.54 | 16.12 |
| 19Q4 (4) | 2.08 | -3.7 | 0.0 | 1.06 | -0.93 | 0.0 | 43.83 | 4.26 | 0.0 | 85.91 | 1.11 | 0.0 | 81.62 | 2.76 | 0.0 | 48.13 | 1.18 | 0.0 |
| 19Q3 (3) | 2.16 | -5.26 | 0.0 | 1.07 | 15.05 | 0.0 | 42.04 | 5.44 | 0.0 | 84.97 | -12.74 | 0.0 | 79.43 | 6.92 | 0.0 | 47.57 | -24.44 | 0.0 |
| 19Q2 (2) | 2.28 | 16.92 | 0.0 | 0.93 | 5.68 | 0.0 | 39.87 | -14.53 | 0.0 | 97.38 | -6.35 | 0.0 | 74.29 | -8.02 | 0.0 | 62.96 | -9.88 | 0.0 |
| 19Q1 (1) | 1.95 | 0.0 | 0.0 | 0.88 | 0.0 | 0.0 | 46.65 | 0.0 | 0.0 | 103.98 | 0.0 | 0.0 | 80.77 | 0.0 | 0.0 | 69.86 | 0.0 | 0.0 |
| 應收帳款周轉率 YoY | 存貨周轉率 YoY | 平均收帳天數 YoY | 平圴銷貨天數 YoY | 應付帳款付現天數 YoY | 淨營業週期(日) YoY | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023 (10) | 13.14 | 26.71 | 2.27 | -2.58 | 27.78 | -21.08 | 160.87 | 2.7 | 52.49 | -16.56 | 136.16 | 5.61 |
| 2022 (9) | 10.37 | 11.99 | 2.33 | -48.22 | 35.20 | -10.66 | 156.64 | 93.0 | 62.91 | -10.12 | 128.93 | 155.0 |
| 2021 (8) | 9.26 | 3.0 | 4.50 | -11.42 | 39.40 | -2.91 | 81.16 | 12.91 | 69.99 | 2.97 | 50.56 | 13.64 |
| 2020 (7) | 8.99 | 8.97 | 5.08 | 27.32 | 40.58 | -8.27 | 71.88 | -21.4 | 67.97 | -11.91 | 44.49 | -23.97 |
| 2019 (6) | 8.25 | -2.6 | 3.99 | -2.21 | 44.24 | 2.67 | 91.45 | 2.16 | 77.16 | 6.38 | 58.52 | -2.6 |
| 2018 (5) | 8.47 | 15.4 | 4.08 | 8.51 | 43.09 | -13.4 | 89.52 | -7.67 | 72.53 | -4.52 | 60.08 | -15.09 |
| 2017 (4) | 7.34 | 20.53 | 3.76 | 6.21 | 49.76 | -17.0 | 96.96 | -6.06 | 75.96 | -3.99 | 70.76 | -15.8 |
| 2016 (3) | 6.09 | 3.57 | 3.54 | 9.6 | 59.95 | -3.48 | 103.21 | -8.54 | 79.12 | -0.18 | 84.04 | -12.18 |
| 2015 (2) | 5.88 | -7.98 | 3.23 | -6.92 | 62.11 | 8.79 | 112.85 | 7.23 | 79.26 | 18.21 | 95.70 | 0.43 |
| 2014 (1) | 6.39 | -4.91 | 3.47 | -5.71 | 57.09 | 5.1 | 105.24 | 6.11 | 67.05 | 4.0 | 95.29 | 7.02 |
