- 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) | 10.02 | -29.63 | -22.86 | 1.74 | 1.16 | 53.98 | 9.08 | 42.1 | 29.71 | 52.15 | -1.64 | -34.98 | 25.45 | 13.51 | 3.54 | 35.78 | -3.27 | -42.87 |
| 23Q3 (19) | 14.24 | -18.86 | -22.27 | 1.72 | 17.01 | 59.26 | 6.39 | 23.12 | 28.57 | 53.02 | -14.12 | -37.16 | 22.42 | -3.36 | 8.78 | 36.99 | -15.39 | -46.18 |
| 23Q2 (18) | 17.55 | 19.71 | 22.47 | 1.47 | 8.09 | 65.17 | 5.19 | -16.43 | -18.27 | 61.74 | -7.75 | -39.42 | 23.20 | -2.03 | -6.07 | 43.72 | -11.61 | -47.68 |
| 23Q1 (17) | 14.66 | 12.86 | 6.77 | 1.36 | 20.35 | 5.43 | 6.21 | -11.29 | -6.33 | 66.93 | -16.56 | -5.02 | 23.68 | -3.66 | 0.0 | 49.46 | -21.03 | -7.41 |
| 22Q4 (16) | 12.99 | -29.09 | -17.0 | 1.13 | 4.63 | -29.81 | 7.00 | 40.85 | 20.48 | 80.21 | -4.93 | 41.84 | 24.58 | 19.26 | 10.37 | 62.63 | -8.88 | 56.22 |
| 22Q3 (15) | 18.32 | 27.84 | -16.54 | 1.08 | 21.35 | -23.4 | 4.97 | -21.73 | 19.76 | 84.37 | -17.22 | 30.4 | 20.61 | -16.56 | -0.82 | 68.73 | -17.76 | 43.01 |
| 22Q2 (14) | 14.33 | 4.37 | -32.15 | 0.89 | -31.01 | -36.88 | 6.35 | -4.22 | 47.33 | 101.92 | 44.63 | 57.72 | 24.70 | 4.31 | 26.6 | 83.57 | 56.44 | 69.14 |
| 22Q1 (13) | 13.73 | -12.27 | -29.01 | 1.29 | -19.88 | -20.86 | 6.63 | 14.11 | 41.06 | 70.47 | 24.62 | 26.27 | 23.68 | 6.33 | 15.23 | 53.42 | 33.25 | 33.68 |
| 21Q4 (12) | 15.65 | -28.7 | -10.98 | 1.61 | 14.18 | 8.78 | 5.81 | 40.0 | 12.16 | 56.55 | -12.6 | -8.17 | 22.27 | 7.17 | -11.1 | 40.09 | -16.58 | -3.86 |
| 21Q3 (11) | 21.95 | 3.93 | -0.36 | 1.41 | 0.0 | -21.67 | 4.15 | -3.71 | 0.48 | 64.70 | 0.12 | 28.12 | 20.78 | 6.51 | -1.09 | 48.06 | -2.73 | 42.95 |
| 21Q2 (10) | 21.12 | 9.2 | -6.92 | 1.41 | -13.5 | -10.19 | 4.31 | -8.3 | 7.48 | 64.62 | 15.79 | 11.76 | 19.51 | -5.06 | 1.51 | 49.41 | 23.65 | 15.93 |
| 21Q1 (9) | 19.34 | 10.01 | 6.67 | 1.63 | 10.14 | 21.64 | 4.70 | -9.27 | -6.37 | 55.81 | -9.37 | -18.12 | 20.55 | -17.96 | -1.96 | 39.96 | -4.17 | -23.48 |
| 20Q4 (8) | 17.58 | -20.2 | 9.6 | 1.48 | -17.78 | -8.64 | 5.18 | 25.42 | -8.64 | 61.58 | 21.94 | 9.79 | 25.05 | 19.23 | 20.32 | 41.70 | 24.03 | 1.83 |
| 20Q3 (7) | 22.03 | -2.91 | 50.99 | 1.80 | 14.65 | 2.27 | 4.13 | 2.99 | -33.81 | 50.50 | -12.66 | -2.55 | 21.01 | 9.31 | 11.16 | 33.62 | -21.12 | -14.13 |
| 20Q2 (6) | 22.69 | 25.15 | 66.72 | 1.57 | 17.16 | 1.29 | 4.01 | -20.12 | -39.97 | 57.82 | -15.17 | -1.23 | 19.22 | -8.3 | -0.36 | 42.62 | -18.38 | -7.21 |
| 20Q1 (5) | 18.13 | 13.03 | 29.32 | 1.34 | -17.28 | -21.18 | 5.02 | -11.46 | -22.65 | 68.16 | 21.52 | 27.62 | 20.96 | 0.67 | 11.31 | 52.22 | 27.52 | 27.12 |
| 19Q4 (4) | 16.04 | 9.94 | 0.0 | 1.62 | -7.95 | 0.0 | 5.67 | -9.13 | 0.0 | 56.09 | 8.24 | 0.0 | 20.82 | 10.16 | 0.0 | 40.95 | 4.6 | 0.0 |
| 19Q3 (3) | 14.59 | 7.2 | 0.0 | 1.76 | 13.55 | 0.0 | 6.24 | -6.59 | 0.0 | 51.82 | -11.48 | 0.0 | 18.90 | -2.02 | 0.0 | 39.15 | -14.76 | 0.0 |
| 19Q2 (2) | 13.61 | -2.92 | 0.0 | 1.55 | -8.82 | 0.0 | 6.68 | 2.93 | 0.0 | 58.54 | 9.6 | 0.0 | 19.29 | 2.44 | 0.0 | 45.93 | 11.81 | 0.0 |
| 19Q1 (1) | 14.02 | 0.0 | 0.0 | 1.70 | 0.0 | 0.0 | 6.49 | 0.0 | 0.0 | 53.41 | 0.0 | 0.0 | 18.83 | 0.0 | 0.0 | 41.08 | 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) | 43.19 | 4.0 | 5.93 | 21.02 | 8.45 | -3.87 | 61.50 | -17.41 | 25.50 | -8.07 | 44.45 | -19.92 |
| 2022 (9) | 41.53 | -15.74 | 4.90 | -15.37 | 8.79 | 18.62 | 74.46 | 18.13 | 27.74 | 9.3 | 55.51 | 23.22 |
| 2021 (8) | 49.29 | -24.06 | 5.79 | 3.76 | 7.41 | 31.85 | 63.03 | -3.67 | 25.38 | 3.76 | 45.05 | -3.31 |
| 2020 (7) | 64.91 | 2.79 | 5.58 | -17.82 | 5.62 | -2.77 | 65.43 | 21.75 | 24.46 | 23.47 | 46.59 | 17.33 |
| 2019 (6) | 63.15 | 8.88 | 6.79 | -12.61 | 5.78 | -8.11 | 53.74 | 14.41 | 19.81 | -5.03 | 39.71 | 22.56 |
| 2018 (5) | 58.00 | -18.02 | 7.77 | 1.83 | 6.29 | 21.9 | 46.97 | -1.8 | 20.86 | -2.16 | 32.40 | 2.31 |
| 2017 (4) | 70.75 | -23.33 | 7.63 | 43.96 | 5.16 | 30.3 | 47.83 | -30.54 | 21.32 | 14.13 | 31.67 | -41.49 |
| 2016 (3) | 92.28 | -18.43 | 5.30 | 36.25 | 3.96 | 22.6 | 68.86 | -26.68 | 18.68 | 10.08 | 54.13 | -32.48 |
| 2015 (2) | 113.13 | 12.04 | 3.89 | -6.49 | 3.23 | -10.77 | 93.92 | 6.96 | 16.97 | -7.52 | 80.17 | 9.7 |
| 2014 (1) | 100.97 | 27.17 | 4.16 | -9.76 | 3.62 | -21.3 | 87.81 | 10.82 | 18.35 | -18.23 | 73.08 | 19.02 |
