- 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
- 當存貨提列減損損失,虧損認列在該年度,但是存貨價格回升後,之後年度也會直接回沖增加EPS,這種情況很容易在記憶體模組廠見到
- 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) | 0.39 | 11.43 | -53.01 | 0.53 | -5.36 | -13.11 | 233.31 | -9.33 | 113.22 | 172.27 | 5.27 | 16.12 | 28.21 | 28.23 | -47.04 | 377.36 | -5.41 | 84.53 |
23Q3 (19) | 0.35 | 20.69 | -46.97 | 0.56 | 14.29 | 24.44 | 257.32 | -18.8 | 85.59 | 163.64 | -12.33 | -19.54 | 22.00 | -26.45 | -68.68 | 398.96 | -15.77 | 46.8 |
23Q2 (18) | 0.29 | -21.62 | -60.81 | 0.49 | 58.06 | 6.52 | 316.91 | 27.26 | 157.61 | 186.65 | -36.79 | -6.44 | 29.91 | -64.14 | -56.07 | 473.65 | 2.77 | 86.15 |
23Q1 (17) | 0.37 | -55.42 | -43.94 | 0.31 | -49.18 | 3.33 | 249.02 | 127.58 | 81.49 | 295.28 | 99.04 | -2.55 | 83.41 | 56.58 | -21.59 | 460.89 | 125.37 | 38.06 |
22Q4 (16) | 0.83 | 25.76 | 18.57 | 0.61 | 35.56 | 79.41 | 109.42 | -21.08 | -15.91 | 148.35 | -27.05 | -43.91 | 53.27 | -24.17 | -42.82 | 204.50 | -24.75 | -32.15 |
22Q3 (15) | 0.66 | -10.81 | -14.29 | 0.45 | -2.17 | -16.67 | 138.65 | 12.71 | 16.58 | 203.37 | 1.94 | 20.81 | 70.25 | 3.19 | 42.03 | 271.77 | 6.81 | 14.28 |
22Q2 (14) | 0.74 | 12.12 | 27.59 | 0.46 | 53.33 | 27.78 | 123.02 | -10.34 | -22.25 | 199.50 | -34.16 | -21.76 | 68.08 | -36.0 | -5.04 | 254.45 | -23.78 | -25.5 |
22Q1 (13) | 0.66 | -5.71 | -5.71 | 0.30 | -11.76 | -34.78 | 137.21 | 5.45 | 6.08 | 303.00 | 14.57 | 52.86 | 106.37 | 14.17 | 41.39 | 333.84 | 10.76 | 32.29 |
21Q4 (12) | 0.70 | -9.09 | -2.78 | 0.34 | -37.04 | -35.85 | 130.12 | 9.41 | 2.65 | 264.47 | 57.1 | 53.16 | 93.17 | 88.37 | -2.72 | 301.42 | 26.75 | 48.0 |
21Q3 (11) | 0.77 | 32.76 | 42.59 | 0.54 | 50.0 | 17.39 | 118.93 | -24.84 | -29.28 | 168.34 | -33.98 | -15.31 | 49.46 | -31.01 | -46.56 | 237.81 | -30.37 | -13.33 |
21Q2 (10) | 0.58 | -17.14 | -3.33 | 0.36 | -21.74 | -34.55 | 158.23 | 22.33 | 4.75 | 255.00 | 28.64 | 52.93 | 71.69 | -4.71 | 44.65 | 341.54 | 35.34 | 27.34 |
21Q1 (9) | 0.70 | -2.78 | -33.33 | 0.46 | -13.21 | -45.88 | 129.35 | 2.04 | 49.88 | 198.22 | 14.79 | 84.82 | 75.23 | -21.46 | 96.37 | 252.35 | 23.91 | 62.57 |
20Q4 (8) | 0.72 | 33.33 | -45.86 | 0.53 | 15.22 | -55.83 | 126.76 | -24.62 | 84.75 | 172.68 | -13.13 | 127.27 | 95.78 | 3.48 | 165.25 | 203.66 | -25.78 | 87.72 |
20Q3 (7) | 0.54 | -10.0 | -50.46 | 0.46 | -16.36 | -48.31 | 168.17 | 11.33 | 101.74 | 198.78 | 19.22 | 95.4 | 92.56 | 86.76 | 72.2 | 274.39 | 2.3 | 108.93 |
20Q2 (6) | 0.60 | -42.86 | -60.0 | 0.55 | -35.29 | -43.3 | 151.05 | 75.03 | 148.81 | 166.74 | 55.47 | 77.12 | 49.56 | 29.37 | 10.06 | 268.22 | 72.79 | 144.21 |
20Q1 (5) | 1.05 | -21.05 | -35.19 | 0.85 | -29.17 | -23.42 | 86.30 | 25.78 | 53.89 | 107.25 | 41.16 | 30.3 | 38.31 | 6.09 | -5.48 | 155.23 | 43.08 | 58.62 |
19Q4 (4) | 1.33 | 22.02 | 0.0 | 1.20 | 34.83 | 0.0 | 68.61 | -17.69 | 0.0 | 75.98 | -25.31 | 0.0 | 36.11 | -32.82 | 0.0 | 108.49 | -17.39 | 0.0 |
19Q3 (3) | 1.09 | -27.33 | 0.0 | 0.89 | -8.25 | 0.0 | 83.36 | 37.31 | 0.0 | 101.73 | 8.06 | 0.0 | 53.75 | 19.36 | 0.0 | 131.33 | 19.58 | 0.0 |
19Q2 (2) | 1.50 | -7.41 | 0.0 | 0.97 | -12.61 | 0.0 | 60.71 | 8.26 | 0.0 | 94.14 | 14.37 | 0.0 | 45.03 | 11.1 | 0.0 | 109.83 | 12.23 | 0.0 |
19Q1 (1) | 1.62 | 0.0 | 0.0 | 1.11 | 0.0 | 0.0 | 56.08 | 0.0 | 0.0 | 82.31 | 0.0 | 0.0 | 40.53 | 0.0 | 0.0 | 97.86 | 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) | 1.89 | -42.9 | 1.78 | 0.56 | 192.69 | 74.47 | 205.12 | -0.51 | 64.92 | -20.24 | 332.89 | 41.52 |
2022 (9) | 3.31 | -7.02 | 1.77 | -0.56 | 110.44 | 7.82 | 206.18 | 0.72 | 81.39 | -8.07 | 235.23 | 7.6 |
2021 (8) | 3.56 | -14.01 | 1.78 | -25.21 | 102.43 | 16.32 | 204.71 | 33.49 | 88.53 | 31.19 | 218.61 | 25.69 |
2020 (7) | 4.14 | -38.94 | 2.38 | -52.96 | 88.06 | 63.65 | 153.35 | 112.45 | 67.48 | 86.2 | 173.93 | 93.79 |
2019 (6) | 6.78 | 14.33 | 5.06 | 7.43 | 53.81 | -12.63 | 72.18 | -6.88 | 36.24 | 5.81 | 89.75 | -14.4 |
2018 (5) | 5.93 | 10.43 | 4.71 | 1.29 | 61.59 | -9.39 | 77.51 | -1.27 | 34.25 | -31.25 | 104.85 | 8.47 |
2017 (4) | 5.37 | 86.46 | 4.65 | 56.04 | 67.97 | -46.37 | 78.51 | -35.95 | 49.82 | -50.05 | 96.66 | -35.37 |
2016 (3) | 2.88 | -15.04 | 2.98 | -32.73 | 126.73 | 17.86 | 122.58 | 48.65 | 99.74 | 31.53 | 149.57 | 31.02 |
2015 (2) | 3.39 | -41.85 | 4.43 | -70.43 | 107.53 | 71.64 | 82.46 | 238.37 | 75.83 | 53.04 | 114.16 | 204.59 |
2014 (1) | 5.83 | 42.89 | 14.98 | 73.18 | 62.65 | -30.01 | 24.37 | -42.28 | 49.55 | 28.43 | 37.48 | -59.76 |