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
24Q4 (20)1.17-9.3-10.00.47-14.5527.0377.579.6210.62193.9318.24-22.0767.4532.6737.01204.0410.94-24.35
24Q3 (19)1.298.46.610.5519.5752.7870.76-7.16-5.63164.01-16.35-34.6850.84-3.621.13183.92-16.22-33.31
24Q2 (18)1.19-13.148.180.46-2.1321.0576.2214.91-7.63196.071.91-18.2152.7519.8-12.08219.532.25-16.29
24Q1 (17)1.375.3842.710.4727.0317.566.33-5.41-29.88192.40-22.68-15.8844.03-10.56-43.03214.70-20.4-12.74
23Q4 (16)1.307.4423.810.372.78-24.4970.12-6.48-19.28248.84-0.8933.9749.23-2.07-40.15269.73-2.241.69
23Q3 (15)1.2110.0-3.970.36-5.26-46.2774.98-9.144.21251.084.7483.6150.27-16.22-29.32275.795.17100.47
23Q2 (14)1.1014.58-12.70.38-5.0-47.2282.52-12.7714.34239.714.890.160.00-22.36-7.16262.246.5896.23
23Q1 (13)0.96-8.57-11.110.40-18.37-34.4394.608.912.35228.7323.1453.4577.28-6.051.02246.0529.2656.96
22Q4 (12)1.05-16.67-17.970.49-26.87-28.9986.8720.7422.46185.7535.8340.0882.2615.6614.66190.3638.3744.44
22Q3 (11)1.260.0-9.350.67-6.941.5271.95-0.310.02136.758.45-0.671.1210.04-2.66137.572.945.89
22Q2 (10)1.2616.67-9.350.7218.030.072.17-14.2910.39126.10-15.40.3764.63-15.52-3.81133.64-14.757.92
22Q1 (9)1.08-15.62-35.330.61-11.59-29.8984.2018.6954.61149.0612.4141.876.506.6441.69156.7618.9548.45
21Q4 (8)1.28-7.919.40.694.550.070.948.47-8.76132.60-3.620.171.74-1.813.78131.791.44-6.6
21Q3 (7)1.390.020.870.66-8.33-15.3865.400.03-17.14137.589.518.3673.068.744.78129.924.923.57
21Q2 (6)1.39-16.7717.80.72-17.24-16.2865.3820.05-15.35125.6419.5218.1567.1924.455.4123.8317.263.34
21Q1 (5)1.6742.7447.790.8726.093.5754.46-29.95-32.08105.12-20.65-3.253.99-21.9-8.24105.60-25.16-18.73
20Q4 (4)1.171.740.00.69-11.540.077.75-1.490.0132.4713.960.069.13-0.860.0141.1012.480.0
20Q3 (3)1.15-2.540.00.78-9.30.078.932.190.0116.249.310.069.739.380.0125.444.680.0
20Q2 (2)1.184.420.00.862.380.077.24-3.670.0106.34-2.070.063.758.340.0119.83-7.780.0
20Q1 (1)1.130.00.00.840.00.080.180.00.0108.590.00.058.840.00.0129.940.00.0
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
2024 (10)5.8334.641.8922.7362.57-25.85193.38-18.3854.20-23.72201.75-19.38
2023 (9)4.33-7.281.54-36.8984.387.96236.9258.2471.052.45250.2557.86
2022 (8)4.67-12.382.44-11.2778.1614.14149.7212.9569.350.67158.5319.97
2021 (7)5.331.332.75-9.8468.48-1.23132.5510.7268.8913.03132.143.16
2020 (6)5.2612.633.059.7169.33-11.29119.72-8.860.95-0.99128.09-13.37
2019 (5)4.67-5.272.7811.6578.155.49131.27-10.5261.561.89147.86-7.79
2018 (4)4.93-11.492.49-4.674.0812.96146.704.8660.421.55160.369.85
2017 (3)5.5726.882.61-6.7965.58-21.12139.907.4259.50-3.0145.98-3.99
2016 (2)4.3919.622.80-0.7183.14-16.31130.240.7661.3411.77152.04-12.48
2015 (1)3.67-4.432.8211.999.344.38129.26-10.6854.8812.85173.72-9.17

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。