玩股撇步(動畫小學堂)  

  • 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
平均收帳天數和平均銷貨天數-近20季
存貨銷售比
近3年股價
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)0.68-10.536.250.59-11.94-4.84133.4412.03-6.84155.0714.175.127.7920.1520.15260.7112.47-2.59
24Q2 (19)0.768.575.560.6715.526.35119.11-8.96-5.33135.82-13.95-5.7523.13-12.2913.55231.80-11.62-7.11
24Q1 (18)0.704.48-1.410.58-1.6911.54130.83-3.951.83157.833.05-9.5726.370.0-5.69262.29-0.27-4.64
23Q4 (17)0.674.69-5.630.59-4.8425.53136.21-4.96.64153.163.81-20.3126.3714.01-16.21263.00-1.73-8.83
23Q3 (16)0.64-11.11-7.250.62-1.5926.53143.2313.859.31147.542.39-20.3223.1313.55-27.67267.637.25-5.84
23Q2 (15)0.721.41-14.290.6321.150.0125.81-2.0816.78144.10-17.44-0.1420.37-27.15-33.45249.54-9.2812.7
23Q1 (14)0.710.0-14.460.5210.64-21.21128.480.5917.68174.54-9.1926.8127.96-11.15-13.76275.06-4.6528.29
22Q4 (13)0.712.9-1.390.47-4.08-25.4127.73-2.520.96192.203.832.9131.47-1.59-15.08288.461.4923.23
22Q3 (12)0.69-17.86-9.210.49-22.22-40.24131.0321.639.61185.1728.3266.4331.984.48-6.87284.2228.3644.67
22Q2 (11)0.841.2-1.180.63-4.55-33.68107.73-1.330.8144.304.8450.9730.61-5.584.65221.423.2727.84
22Q1 (10)0.8315.282.470.664.76-21.43109.18-13.71-2.72137.64-4.8227.6632.42-12.5213.36214.40-8.4111.99
21Q4 (9)0.72-5.26-8.860.63-23.17-18.18126.525.849.75144.6129.9722.4737.067.9220.32234.0819.1515.56
21Q3 (8)0.76-10.59-9.520.82-13.683.8119.5411.8610.14111.2616.41-3.0834.3417.421.82196.4613.430.67
21Q2 (7)0.854.94-18.270.9513.113.1106.87-4.7821.7695.58-11.35-11.2829.252.2728.57173.20-9.530.25
21Q1 (6)0.812.5320.90.849.0944.83112.23-2.65-17.44107.82-8.69-31.7928.60-7.14-16.57191.44-5.49-26.29
20Q4 (5)0.79-5.95-5.950.77-2.5316.67115.286.226.4118.082.86-14.4730.809.26-5.67202.573.8-5.23
20Q3 (4)0.84-19.230.00.79-5.950.0108.5323.650.0114.806.560.028.1923.910.0195.1512.960.0
20Q2 (3)1.0455.220.00.8444.830.087.77-35.430.0107.73-31.850.022.75-33.630.0172.76-33.480.0
20Q1 (2)0.67-20.240.00.58-12.120.0135.9425.460.0158.0714.490.034.284.990.0259.7321.510.0
19Q4 (1)0.840.00.00.660.00.0108.350.00.0138.060.00.032.650.00.0213.750.00.0
平均收帳天數和平均銷貨天數-近10年
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)3.150.02.333.1115.860.12156.45-3.1627.35-18.09244.960.44
2022 (9)3.15-9.742.26-22.6115.7210.72161.5529.433.393.73243.8823.68
2021 (8)3.4910.092.922.82104.52-9.32124.85-2.7432.19-6.12197.18-5.8
2020 (7)3.17-0.312.8421.37115.260.44128.37-17.6534.292.88209.33-11.79
2019 (6)3.186.352.3416.42114.75-5.93155.89-14.3333.33-17.93237.32-9.88
2018 (5)2.990.342.01-6.51121.98-0.32181.967.3840.61-9.64263.336.66
2017 (4)2.98-4.492.15-14.68122.374.69169.4516.8144.9433.75246.898.12
2016 (3)3.122.972.5212.5116.89-3.09145.07-11.1633.60-1.44228.35-8.6
2015 (2)3.03-9.822.240.45120.6211.12163.30-0.3634.09-15.79249.847.71
2014 (1)3.36-13.42.23-10.44108.5515.34163.8911.7940.48-1.65231.9616.24

免責聲明

本網站所有資料僅供參考,如使用者依本資料交易發生交易損失需自行負責,本網站對資料內容錯誤﹑更新延誤不負任何責任。