- 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) | 1.04 | -2.8 | -21.21 | 2.62 | 23.0 | 55.95 | 87.92 | 3.79 | 27.75 | 34.80 | -18.63 | -35.69 | 95.74 | 9.34 | 23.55 | 26.98 | -32.41 | -40.62 |
| 23Q3 (19) | 1.07 | 0.94 | -15.08 | 2.13 | 25.29 | 62.6 | 84.71 | -1.66 | 17.46 | 42.77 | -20.09 | -38.47 | 87.56 | 3.49 | 2.66 | 39.92 | -27.5 | -29.16 |
| 23Q2 (18) | 1.06 | 2.91 | 1.92 | 1.70 | 8.28 | 47.83 | 86.14 | -2.4 | -1.88 | 53.52 | -7.9 | -32.54 | 84.61 | -3.51 | -14.09 | 55.06 | -6.17 | -19.77 |
| 23Q1 (17) | 1.03 | -21.97 | -0.96 | 1.57 | -6.55 | 18.05 | 88.26 | 28.25 | 1.36 | 58.11 | 7.39 | -14.81 | 87.69 | 13.16 | -10.59 | 58.68 | 29.14 | 2.55 |
| 22Q4 (16) | 1.32 | 4.76 | 4.76 | 1.68 | 28.24 | 17.48 | 68.82 | -4.58 | -4.47 | 54.11 | -22.16 | -15.03 | 77.49 | -9.15 | -17.14 | 45.44 | -19.36 | 7.68 |
| 22Q3 (15) | 1.26 | 21.15 | -11.27 | 1.31 | 13.91 | -6.43 | 72.12 | -17.85 | 12.72 | 69.51 | -12.39 | 6.66 | 85.29 | -13.4 | -10.04 | 56.35 | -17.89 | 64.09 |
| 22Q2 (14) | 1.04 | 0.0 | -16.13 | 1.15 | -13.53 | -17.86 | 87.79 | 0.82 | 19.38 | 79.34 | 16.32 | 21.63 | 98.49 | 0.42 | -7.35 | 68.63 | 19.94 | 111.36 |
| 22Q1 (13) | 1.04 | -17.46 | -16.8 | 1.33 | -6.99 | -17.9 | 87.08 | 20.88 | 19.47 | 68.21 | 7.11 | 21.78 | 98.08 | 4.88 | -2.26 | 57.22 | 35.59 | 100.35 |
| 21Q4 (12) | 1.26 | -11.27 | -5.97 | 1.43 | 2.14 | -15.38 | 72.04 | 12.6 | 6.16 | 63.68 | -2.29 | 18.36 | 93.52 | -1.36 | 3.15 | 42.20 | 22.89 | 36.09 |
| 21Q3 (11) | 1.42 | 14.52 | 7.58 | 1.40 | 0.0 | -9.09 | 63.98 | -13.0 | -7.48 | 65.17 | -0.09 | 10.31 | 94.81 | -10.81 | 9.11 | 34.34 | 5.76 | -16.93 |
| 21Q2 (10) | 1.24 | -0.8 | -6.06 | 1.40 | -13.58 | 6.87 | 73.54 | 0.89 | 6.66 | 65.23 | 16.46 | -5.98 | 106.30 | 5.93 | 11.11 | 32.47 | 13.69 | -23.89 |
| 21Q1 (9) | 1.25 | -6.72 | 10.62 | 1.62 | -4.14 | 32.79 | 72.89 | 7.41 | -9.5 | 56.01 | 4.11 | -24.86 | 100.35 | 10.69 | -6.86 | 28.56 | -7.9 | -39.66 |
| 20Q4 (8) | 1.34 | 1.52 | -8.22 | 1.69 | 9.74 | 14.97 | 67.86 | -1.87 | 8.96 | 53.80 | -8.94 | -13.09 | 90.66 | 4.34 | 13.5 | 31.01 | -24.99 | -30.0 |
| 20Q3 (7) | 1.32 | 0.0 | 24.53 | 1.54 | 17.56 | 52.48 | 69.15 | 0.29 | -19.62 | 59.08 | -14.85 | -34.21 | 86.89 | -9.18 | -18.59 | 41.34 | -3.09 | -40.17 |
| 20Q2 (6) | 1.32 | 16.81 | 32.0 | 1.31 | 7.38 | 14.91 | 68.95 | -14.39 | -24.34 | 69.38 | -6.92 | -12.92 | 95.67 | -11.2 | -12.95 | 42.66 | -9.87 | -29.95 |
| 20Q1 (5) | 1.13 | -22.6 | 1.8 | 1.22 | -17.01 | -13.48 | 80.54 | 29.32 | -2.1 | 74.54 | 20.42 | 15.28 | 107.74 | 34.88 | 9.03 | 47.33 | 6.84 | -1.62 |
| 19Q4 (4) | 1.46 | 37.74 | 0.0 | 1.47 | 45.54 | 0.0 | 62.28 | -27.61 | 0.0 | 61.90 | -31.07 | 0.0 | 79.88 | -25.16 | 0.0 | 44.30 | -35.89 | 0.0 |
| 19Q3 (3) | 1.06 | 6.0 | 0.0 | 1.01 | -11.4 | 0.0 | 86.03 | -5.6 | 0.0 | 89.80 | 12.71 | 0.0 | 106.73 | -2.88 | 0.0 | 69.10 | 13.46 | 0.0 |
| 19Q2 (2) | 1.00 | -9.91 | 0.0 | 1.14 | -19.15 | 0.0 | 91.13 | 10.77 | 0.0 | 79.67 | 23.21 | 0.0 | 109.90 | 11.21 | 0.0 | 60.90 | 26.58 | 0.0 |
| 19Q1 (1) | 1.11 | 0.0 | 0.0 | 1.41 | 0.0 | 0.0 | 82.27 | 0.0 | 0.0 | 64.66 | 0.0 | 0.0 | 98.82 | 0.0 | 0.0 | 48.11 | 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) | 3.92 | -9.89 | 7.78 | 27.54 | 93.14 | 10.99 | 46.91 | -21.61 | 100.41 | 8.65 | 39.64 | -22.79 |
| 2022 (9) | 4.35 | -2.03 | 6.10 | 8.16 | 83.92 | 1.98 | 59.84 | -7.6 | 92.42 | -13.12 | 51.34 | 26.27 |
| 2021 (8) | 4.44 | -5.13 | 5.64 | -4.89 | 82.29 | 5.59 | 64.76 | 5.27 | 106.38 | 4.65 | 40.66 | 7.57 |
| 2020 (7) | 4.68 | 10.64 | 5.93 | 9.01 | 77.93 | -9.64 | 61.52 | -8.25 | 101.65 | -2.99 | 37.80 | -22.08 |
| 2019 (6) | 4.23 | 11.02 | 5.44 | 6.88 | 86.24 | -9.9 | 67.05 | -6.59 | 104.78 | -11.46 | 48.51 | -1.32 |
| 2018 (5) | 3.81 | -4.99 | 5.09 | -21.45 | 95.72 | 5.2 | 71.78 | 27.5 | 118.34 | 4.83 | 49.16 | 42.87 |
| 2017 (4) | 4.01 | 18.29 | 6.48 | -17.87 | 90.99 | -15.44 | 56.30 | 21.62 | 112.89 | -3.84 | 34.41 | -5.73 |
| 2016 (3) | 3.39 | -21.16 | 7.89 | -1.99 | 107.61 | 26.73 | 46.29 | 2.14 | 117.40 | 24.36 | 36.50 | 1.87 |
| 2015 (2) | 4.30 | -24.16 | 8.05 | -15.53 | 84.91 | 31.95 | 45.32 | 18.3 | 94.40 | 19.95 | 35.83 | 49.54 |
| 2014 (1) | 5.67 | 2.53 | 9.53 | -19.03 | 64.35 | -2.51 | 38.31 | 23.58 | 78.70 | 1.52 | 23.96 | 22.93 |
