- 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
- 存貨一直增加，但是存貨銷售比沒什麼改變，可以推測是公司因為銷售良好而準備的存貨
- 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 | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 24Q3 (20) | 1.29 | -15.13 | -2.27 | 0.90 | -19.64 | -36.17 | 70.34 | 17.8 | 2.03 | 101.14 | 24.39 | 56.68 | 58.19 | -1.56 | -6.94 | 113.28 | 38.28 | 59.64 |
| 24Q2 (19) | 1.52 | 42.06 | -7.88 | 1.12 | 16.67 | -6.67 | 59.71 | -29.72 | 8.11 | 81.31 | -14.04 | 7.06 | 59.11 | -26.52 | -12.98 | 81.92 | -17.34 | 29.52 |
| 24Q1 (18) | 1.07 | -20.74 | -21.32 | 0.96 | -31.91 | -3.03 | 84.96 | 26.3 | 26.71 | 94.59 | 46.54 | 2.49 | 80.44 | 30.84 | -7.15 | 99.10 | 40.91 | 36.31 |
| 23Q4 (17) | 1.35 | 2.27 | -21.51 | 1.41 | 0.0 | -3.42 | 67.27 | -2.42 | 26.9 | 64.55 | 0.0 | 3.58 | 61.48 | -1.68 | -15.06 | 70.33 | -0.89 | 63.71 |
| 23Q3 (16) | 1.32 | -20.0 | -24.57 | 1.41 | 17.5 | -8.44 | 68.94 | 24.82 | 32.78 | 64.55 | -15.01 | 9.04 | 62.53 | -7.95 | -2.56 | 70.96 | 12.19 | 51.14 |
| 23Q2 (15) | 1.65 | 21.32 | 7.84 | 1.20 | 21.21 | -14.89 | 55.23 | -17.63 | -7.33 | 75.95 | -17.71 | 17.86 | 67.93 | -21.59 | 29.49 | 63.25 | -13.0 | -11.65 |
| 23Q1 (14) | 1.36 | -20.93 | 81.33 | 0.99 | -32.19 | -11.61 | 67.05 | 26.49 | -44.6 | 92.29 | 48.09 | 13.85 | 86.63 | 19.69 | 25.5 | 72.70 | 69.23 | -45.36 |
| 22Q4 (13) | 1.72 | -1.71 | 45.76 | 1.46 | -5.19 | -15.12 | 53.01 | 2.1 | -30.99 | 62.32 | 5.27 | 17.81 | 72.38 | 12.79 | 34.29 | 42.96 | -8.5 | -43.33 |
| 22Q3 (12) | 1.75 | 14.38 | 113.41 | 1.54 | 9.22 | 7.69 | 51.92 | -12.89 | -53.06 | 59.20 | -8.13 | -7.24 | 64.17 | 22.32 | -6.92 | 46.95 | -34.42 | -55.5 |
| 22Q2 (11) | 1.53 | 104.0 | 47.12 | 1.41 | 25.89 | -11.88 | 59.60 | -50.76 | -32.13 | 64.44 | -20.5 | 13.33 | 52.46 | -24.0 | -24.44 | 71.59 | -46.19 | -4.85 |
| 22Q1 (10) | 0.75 | -36.44 | -17.58 | 1.12 | -34.88 | -23.29 | 121.03 | 57.57 | 21.44 | 81.06 | 53.23 | 30.15 | 69.03 | 28.07 | -20.23 | 133.05 | 75.5 | 76.46 |
| 21Q4 (9) | 1.18 | 43.9 | 2.61 | 1.72 | 20.28 | 0.0 | 76.81 | -30.56 | -2.92 | 52.90 | -17.11 | -0.26 | 53.90 | -21.82 | -28.12 | 75.81 | -28.14 | 32.6 |
| 21Q3 (8) | 0.82 | -21.15 | -20.39 | 1.43 | -10.63 | -12.8 | 110.62 | 25.98 | 24.92 | 63.82 | 12.24 | 15.03 | 68.94 | -0.71 | 3.58 | 105.50 | 40.22 | 36.18 |
| 21Q2 (7) | 1.04 | 14.29 | -9.57 | 1.60 | 9.59 | 5.96 | 87.81 | -11.89 | 10.72 | 56.86 | -8.7 | -5.5 | 69.43 | -19.77 | 14.1 | 75.24 | -0.21 | -4.3 |
| 21Q1 (6) | 0.91 | -20.87 | 71.7 | 1.46 | -15.12 | 48.98 | 99.66 | 25.96 | -42.32 | 62.28 | 17.42 | -32.91 | 86.54 | 15.4 | -15.86 | 75.40 | 31.89 | -53.68 |
| 20Q4 (5) | 1.15 | 11.65 | 29.21 | 1.72 | 4.88 | 1.78 | 79.12 | -10.65 | -22.64 | 53.04 | -4.4 | -1.32 | 74.99 | 12.67 | 18.09 | 57.17 | -26.2 | -38.2 |
| 20Q3 (4) | 1.03 | -10.43 | 0.0 | 1.64 | 8.61 | 0.0 | 88.55 | 11.65 | 0.0 | 55.48 | -7.79 | 0.0 | 66.56 | 9.38 | 0.0 | 77.47 | -1.46 | 0.0 |
| 20Q2 (3) | 1.15 | 116.98 | 0.0 | 1.51 | 54.08 | 0.0 | 79.31 | -54.1 | 0.0 | 60.17 | -35.18 | 0.0 | 60.85 | -40.84 | 0.0 | 78.62 | -51.7 | 0.0 |
| 20Q1 (2) | 0.53 | -40.45 | 0.0 | 0.98 | -42.01 | 0.0 | 172.79 | 68.95 | 0.0 | 92.83 | 72.71 | 0.0 | 102.85 | 61.97 | 0.0 | 162.77 | 75.95 | 0.0 |
| 19Q4 (1) | 0.89 | 0.0 | 0.0 | 1.69 | 0.0 | 0.0 | 102.27 | 0.0 | 0.0 | 53.75 | 0.0 | 0.0 | 63.50 | 0.0 | 0.0 | 92.51 | 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) | 5.71 | 33.72 | 5.07 | -5.41 | 63.92 | -25.27 | 71.97 | 5.62 | 70.19 | 1.18 | 65.70 | -22.07 |
| 2022 (9) | 4.27 | 16.35 | 5.36 | -6.78 | 85.54 | -14.01 | 68.14 | 7.29 | 69.37 | -10.18 | 84.31 | -1.69 |
| 2021 (8) | 3.67 | 11.55 | 5.75 | -0.52 | 99.48 | -10.2 | 63.51 | 0.6 | 77.23 | -8.69 | 85.76 | -4.0 |
| 2020 (7) | 3.29 | 8.22 | 5.78 | -9.26 | 110.78 | -7.64 | 63.13 | 10.1 | 84.58 | 21.96 | 89.33 | -17.24 |
| 2019 (6) | 3.04 | -13.39 | 6.37 | 9.45 | 119.95 | 15.21 | 57.34 | -8.52 | 69.35 | 41.01 | 107.94 | -8.21 |
| 2018 (5) | 3.51 | -39.59 | 5.82 | 12.79 | 104.11 | 65.83 | 62.68 | -11.44 | 49.18 | 67.85 | 117.60 | 12.79 |
| 2017 (4) | 5.81 | -15.06 | 5.16 | 16.22 | 62.78 | 17.7 | 70.78 | -14.0 | 29.30 | -13.7 | 104.26 | 2.54 |
| 2016 (3) | 6.84 | 15.93 | 4.44 | -6.13 | 53.34 | -13.81 | 82.30 | 6.61 | 33.95 | 32.98 | 101.68 | -10.46 |
| 2015 (2) | 5.90 | 4.06 | 4.73 | -4.25 | 61.89 | -3.91 | 77.20 | 4.58 | 25.53 | -15.04 | 113.56 | 4.96 |
| 2014 (1) | 5.67 | -7.8 | 4.94 | 4.22 | 64.41 | 8.43 | 73.82 | -4.15 | 30.05 | -28.2 | 108.19 | 14.41 |
