- 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) | 6.46 | 6.08 | 27.92 | 14.59 | -8.24 | -12.48 | 14.08 | -5.82 | -21.82 | 6.24 | 9.09 | 14.29 | 16.35 | -14.71 | -11.0 | 3.97 | 162.91 | -22.31 |
| 24Q2 (19) | 6.09 | -25.37 | -0.16 | 15.90 | -37.13 | -68.14 | 14.95 | 34.08 | 0.13 | 5.72 | 58.89 | 214.29 | 19.17 | 3.01 | 13.7 | 1.51 | 139.12 | 1472.73 |
| 24Q1 (18) | 8.16 | -2.39 | -9.93 | 25.29 | 63.27 | 33.04 | 11.15 | 2.48 | 11.06 | 3.60 | -38.67 | -24.84 | 18.61 | -0.16 | -15.18 | -3.86 | -104.23 | 45.71 |
| 23Q4 (17) | 8.36 | 65.54 | -23.72 | 15.49 | -7.08 | 9.47 | 10.88 | -39.59 | 31.08 | 5.87 | 7.51 | -8.71 | 18.64 | 1.47 | 67.78 | -1.89 | -136.99 | -152.21 |
| 23Q3 (16) | 5.05 | -17.21 | 4.12 | 16.67 | -66.6 | -1.01 | 18.01 | 20.63 | -4.05 | 5.46 | 200.0 | 1.11 | 18.37 | 8.96 | 82.6 | 5.11 | 4745.45 | -63.81 |
| 23Q2 (15) | 6.10 | -32.67 | 22.74 | 49.91 | 162.55 | 16.72 | 14.93 | 48.71 | -18.37 | 1.82 | -62.0 | -14.55 | 16.86 | -23.15 | -41.25 | -0.11 | 98.45 | 98.67 |
| 23Q1 (14) | 9.06 | -17.34 | 85.28 | 19.01 | 34.35 | -45.5 | 10.04 | 20.96 | -45.99 | 4.79 | -25.51 | 83.52 | 21.94 | 97.48 | -54.23 | -7.11 | -296.41 | 73.41 |
| 22Q4 (13) | 10.96 | 125.98 | 63.34 | 14.15 | -15.97 | -38.82 | 8.30 | -55.78 | -38.75 | 6.43 | 19.07 | 63.61 | 11.11 | 10.44 | -71.69 | 3.62 | -74.36 | 116.64 |
| 22Q3 (12) | 4.85 | -2.41 | -28.15 | 16.84 | -60.62 | -32.8 | 18.77 | 2.62 | 39.14 | 5.40 | 153.52 | 48.76 | 10.06 | -64.95 | -79.91 | 14.12 | 270.53 | 142.85 |
| 22Q2 (11) | 4.97 | 1.64 | 25.51 | 42.76 | 22.59 | 0 | 18.29 | -1.61 | -20.41 | 2.13 | -18.39 | 0 | 28.70 | -40.13 | -55.76 | -8.28 | 69.04 | 80.23 |
| 22Q1 (10) | 4.89 | -27.12 | -2.78 | 34.88 | 50.8 | 0 | 18.59 | 37.2 | 2.65 | 2.61 | -33.59 | 0 | 47.94 | 22.17 | -51.87 | -26.74 | -22.89 | 67.19 |
| 21Q4 (9) | 6.71 | -0.59 | -24.35 | 23.13 | -7.7 | 40.86 | 13.55 | 0.44 | 32.07 | 3.93 | 8.26 | -29.06 | 39.24 | -21.63 | -28.72 | -21.76 | 33.96 | 44.56 |
| 21Q3 (8) | 6.75 | 70.45 | -33.37 | 25.06 | 0 | 123.55 | 13.49 | -41.3 | 50.22 | 3.63 | 0 | -55.3 | 50.07 | -22.81 | -9.46 | -32.95 | 21.34 | 13.74 |
| 21Q2 (7) | 3.96 | -21.27 | -55.75 | 0.00 | 0 | -100.0 | 22.98 | 26.89 | 126.18 | 0.00 | 0 | -100.0 | 64.87 | -34.87 | 31.96 | -41.89 | 48.6 | -32.23 |
| 21Q1 (6) | 5.03 | -43.29 | -29.25 | 0.00 | -100.0 | -100.0 | 18.11 | 76.51 | 41.48 | 0.00 | -100.0 | -100.0 | 99.60 | 80.93 | 256.1 | -81.50 | -107.64 | -646.34 |
| 20Q4 (5) | 8.87 | -12.44 | 49.33 | 16.42 | 46.48 | 23.27 | 10.26 | 14.25 | -33.07 | 5.54 | -31.77 | -18.89 | 55.05 | -0.45 | 87.12 | -39.25 | -2.75 | -440.63 |
| 20Q3 (4) | 10.13 | 13.18 | 0.0 | 11.21 | -9.89 | 0.0 | 8.98 | -11.61 | 0.0 | 8.12 | 10.93 | 0.0 | 55.30 | 12.49 | 0.0 | -38.20 | -20.58 | 0.0 |
| 20Q2 (3) | 8.95 | 25.88 | 0.0 | 12.44 | -41.98 | 0.0 | 10.16 | -20.63 | 0.0 | 7.32 | 72.64 | 0.0 | 49.16 | 75.76 | 0.0 | -31.68 | -190.11 | 0.0 |
| 20Q1 (2) | 7.11 | 19.7 | 0.0 | 21.44 | 60.96 | 0.0 | 12.80 | -16.5 | 0.0 | 4.24 | -37.92 | 0.0 | 27.97 | -4.93 | 0.0 | -10.92 | -50.41 | 0.0 |
| 19Q4 (1) | 5.94 | 0.0 | 0.0 | 13.32 | 0.0 | 0.0 | 15.33 | 0.0 | 0.0 | 6.83 | 0.0 | 0.0 | 29.42 | 0.0 | 0.0 | -7.26 | 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) | 40.51 | 2.95 | 63.31 | -22.04 | 9.01 | -2.91 | 5.77 | 28.51 | 7.03 | -50.35 | 7.75 | 0 |
| 2022 (9) | 39.35 | 81.42 | 81.21 | -7.12 | 9.28 | -44.86 | 4.49 | 7.67 | 14.16 | -62.91 | -0.39 | 0 |
| 2021 (8) | 21.69 | -22.92 | 87.44 | -42.82 | 16.83 | 29.76 | 4.17 | 74.48 | 38.18 | 19.39 | -17.18 | 0 |
| 2020 (7) | 28.14 | 56.25 | 152.91 | 155.02 | 12.97 | -35.98 | 2.39 | -60.76 | 31.98 | -15.73 | -16.62 | 0 |
| 2019 (6) | 18.01 | -10.13 | 59.96 | 20.38 | 20.26 | 11.26 | 6.09 | -16.92 | 37.95 | -48.6 | -11.60 | 0 |
| 2018 (5) | 20.04 | 14.45 | 49.81 | 5.82 | 18.21 | -12.66 | 7.33 | -5.42 | 73.83 | -46.59 | -48.29 | 0 |
| 2017 (4) | 17.51 | -37.73 | 47.07 | -55.07 | 20.85 | 60.63 | 7.75 | 122.7 | 138.22 | 16.41 | -109.61 | 0 |
| 2016 (3) | 28.12 | 51.59 | 104.77 | -27.36 | 12.98 | -34.04 | 3.48 | 37.55 | 118.74 | -36.53 | -102.28 | 0 |
| 2015 (2) | 18.55 | -21.93 | 144.23 | 93.57 | 19.68 | 28.13 | 2.53 | -48.37 | 187.07 | 44.91 | -164.87 | 0 |
| 2014 (1) | 23.76 | -10.94 | 74.51 | 47.66 | 15.36 | 12.28 | 4.90 | -32.23 | 129.09 | 12.68 | -108.83 | 0 |
