- 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) | 1.45 | 34.26 | -19.44 | 1.20 | 76.47 | 25.0 | 62.59 | -26.05 | 23.72 | 76.05 | -43.34 | -19.63 | 87.73 | -26.95 | 8.52 | 50.92 | -48.44 | -20.91 |
| 24Q2 (19) | 1.08 | -44.04 | -15.62 | 0.68 | -28.42 | 6.25 | 84.64 | 79.47 | 19.01 | 134.23 | 39.63 | -4.96 | 120.10 | 35.77 | 34.61 | 98.76 | 80.09 | -19.79 |
| 24Q1 (18) | 1.93 | 98.97 | 93.0 | 0.95 | 66.67 | 86.27 | 47.16 | -49.75 | -48.18 | 96.13 | -40.07 | -46.37 | 88.46 | -43.27 | -22.94 | 54.84 | -44.23 | -64.73 |
| 23Q4 (17) | 0.97 | -46.11 | -50.26 | 0.57 | -40.63 | -20.83 | 93.85 | 85.51 | 101.14 | 160.41 | 69.51 | 26.38 | 155.93 | 92.89 | 63.02 | 98.33 | 52.73 | 26.16 |
| 23Q3 (16) | 1.80 | 40.62 | -16.67 | 0.96 | 50.0 | 28.0 | 50.59 | -28.87 | 20.37 | 94.63 | -33.0 | -22.18 | 80.84 | -9.39 | -9.9 | 64.38 | -47.71 | -12.91 |
| 23Q2 (15) | 1.28 | 28.0 | -34.36 | 0.64 | 25.49 | 4.92 | 71.12 | -21.85 | 52.49 | 141.23 | -21.21 | -5.24 | 89.22 | -22.28 | -7.96 | 123.12 | -20.81 | 24.69 |
| 23Q1 (14) | 1.00 | -48.72 | -46.52 | 0.51 | -29.17 | -10.53 | 91.01 | 95.05 | 86.84 | 179.25 | 41.22 | 11.68 | 114.79 | 20.01 | 5.05 | 155.47 | 99.47 | 55.58 |
| 22Q4 (13) | 1.95 | -9.72 | -33.67 | 0.72 | -4.0 | -12.2 | 46.66 | 11.02 | 50.61 | 126.93 | 4.38 | 13.69 | 95.65 | 6.61 | 6.17 | 77.94 | 5.44 | 48.32 |
| 22Q3 (12) | 2.16 | 10.77 | 12.5 | 0.75 | 22.95 | 29.31 | 42.03 | -9.88 | -11.16 | 121.60 | -18.41 | -22.83 | 89.72 | -7.45 | -34.79 | 73.92 | -25.14 | 9.85 |
| 22Q2 (11) | 1.95 | 4.28 | 36.36 | 0.61 | 7.02 | -12.86 | 46.64 | -4.25 | -26.63 | 149.04 | -7.14 | 15.04 | 96.94 | -11.28 | -27.99 | 98.74 | -1.19 | 68.76 |
| 22Q1 (10) | 1.87 | -36.39 | 3.89 | 0.57 | -30.49 | -35.23 | 48.71 | 57.23 | -3.41 | 160.50 | 43.75 | 55.1 | 109.27 | 21.29 | -10.66 | 99.93 | 90.16 | 216.23 |
| 21Q4 (9) | 2.94 | 53.12 | 53.93 | 0.82 | 41.38 | -43.45 | 30.98 | -34.52 | -35.04 | 111.65 | -29.14 | 78.18 | 90.09 | -34.52 | 17.34 | 52.55 | -21.91 | 56.49 |
| 21Q3 (8) | 1.92 | 34.27 | 12.28 | 0.58 | -17.14 | -75.32 | 47.31 | -25.58 | -10.97 | 157.57 | 21.62 | 306.21 | 137.58 | 2.2 | 241.98 | 67.29 | 15.01 | 30.15 |
| 21Q2 (7) | 1.43 | -20.56 | -29.9 | 0.70 | -20.45 | -71.19 | 63.57 | 26.06 | 42.41 | 129.56 | 25.2 | 246.23 | 134.62 | 10.06 | 384.94 | 58.51 | 85.16 | 7.75 |
| 21Q1 (6) | 1.80 | -5.76 | 18.42 | 0.88 | -39.31 | -35.29 | 50.43 | 5.75 | -15.95 | 103.48 | 65.15 | 54.36 | 122.31 | 59.3 | 57.35 | 31.60 | -5.9 | -35.92 |
| 20Q4 (5) | 1.91 | 11.7 | 51.59 | 1.45 | -38.3 | 28.32 | 47.69 | -10.26 | -34.18 | 62.66 | 61.54 | -22.24 | 76.78 | 90.85 | -39.46 | 33.58 | -35.05 | 28.17 |
| 20Q3 (4) | 1.71 | -16.18 | 0.0 | 2.35 | -3.29 | 0.0 | 53.14 | 19.04 | 0.0 | 38.79 | 3.66 | 0.0 | 40.23 | 44.92 | 0.0 | 51.70 | -4.79 | 0.0 |
| 20Q2 (3) | 2.04 | 34.21 | 0.0 | 2.43 | 78.68 | 0.0 | 44.64 | -25.6 | 0.0 | 37.42 | -44.18 | 0.0 | 27.76 | -64.29 | 0.0 | 54.30 | 10.12 | 0.0 |
| 20Q1 (2) | 1.52 | 20.63 | 0.0 | 1.36 | 20.35 | 0.0 | 60.00 | -17.18 | 0.0 | 67.04 | -16.8 | 0.0 | 77.73 | -38.71 | 0.0 | 49.31 | 88.21 | 0.0 |
| 19Q4 (1) | 1.26 | 0.0 | 0.0 | 1.13 | 0.0 | 0.0 | 72.45 | 0.0 | 0.0 | 80.58 | 0.0 | 0.0 | 126.83 | 0.0 | 0.0 | 26.20 | 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) | 4.88 | -25.04 | 2.26 | -22.87 | 74.86 | 33.61 | 161.19 | 29.22 | 132.44 | 43.85 | 103.61 | 16.81 |
| 2022 (9) | 6.51 | -23.5 | 2.93 | -16.29 | 56.03 | 30.64 | 124.74 | 19.78 | 92.07 | -7.03 | 88.70 | 84.75 |
| 2021 (8) | 8.51 | -21.28 | 3.50 | -24.89 | 42.89 | 27.08 | 104.14 | 32.93 | 99.03 | 0.47 | 48.01 | 255.1 |
| 2020 (7) | 10.81 | 56.89 | 4.66 | 18.27 | 33.75 | -36.3 | 78.34 | -15.38 | 98.57 | -7.37 | 13.52 | -65.47 |
| 2019 (6) | 6.89 | -31.03 | 3.94 | -31.0 | 52.98 | 44.99 | 92.58 | 44.79 | 106.41 | 45.13 | 39.15 | 44.15 |
| 2018 (5) | 9.99 | 32.67 | 5.71 | 26.05 | 36.54 | -24.58 | 63.94 | -20.73 | 73.32 | -22.66 | 27.16 | -20.84 |
| 2017 (4) | 7.53 | -29.23 | 4.53 | 5.59 | 48.45 | 41.21 | 80.66 | -5.12 | 94.80 | 32.96 | 34.31 | -28.54 |
| 2016 (3) | 10.64 | 24.59 | 4.29 | 17.53 | 34.31 | -19.71 | 85.01 | -15.03 | 71.30 | 10.41 | 48.01 | -38.61 |
| 2015 (2) | 8.54 | 93.65 | 3.65 | 39.31 | 42.73 | -48.34 | 100.05 | -28.08 | 64.58 | -43.91 | 78.20 | -26.7 |
| 2014 (1) | 4.41 | -45.56 | 2.62 | -49.03 | 82.71 | 83.51 | 139.11 | 95.85 | 115.13 | 56.7 | 106.69 | 150.27 |
