- 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) | 1.25 | 12.61 | 19.05 | 1.93 | 13.53 | 7.22 | 72.78 | -11.51 | -16.0 | 47.23 | -11.59 | -6.6 | 61.48 | -15.55 | 0.18 | 58.52 | -6.92 | -22.84 |
| 24Q2 (19) | 1.11 | 16.84 | 14.43 | 1.70 | -2.3 | 20.57 | 82.25 | -13.98 | -11.96 | 53.42 | 2.36 | -17.19 | 72.80 | -1.58 | 9.89 | 62.87 | -14.86 | -31.42 |
| 24Q1 (18) | 0.95 | -9.52 | -5.0 | 1.74 | -11.68 | 38.1 | 95.62 | 9.93 | 5.16 | 52.19 | 13.19 | -27.88 | 73.97 | 21.66 | 9.2 | 73.84 | 2.16 | -22.74 |
| 23Q4 (17) | 1.05 | 0.0 | -6.25 | 1.97 | 9.44 | 55.12 | 86.98 | 0.39 | 6.75 | 46.11 | -8.82 | -35.47 | 60.80 | -0.93 | -14.18 | 72.28 | -4.69 | -11.94 |
| 23Q3 (16) | 1.05 | 8.25 | -25.53 | 1.80 | 27.66 | 26.76 | 86.64 | -7.26 | 34.01 | 50.57 | -21.61 | -21.0 | 61.37 | -7.37 | 2.28 | 75.84 | -17.28 | 10.44 |
| 23Q2 (15) | 0.97 | -3.0 | -6.73 | 1.41 | 11.9 | 38.24 | 93.42 | 2.74 | 6.64 | 64.51 | -10.86 | -27.39 | 66.25 | -2.2 | -19.16 | 91.68 | -4.07 | -2.98 |
| 23Q1 (14) | 1.00 | -10.71 | -9.91 | 1.26 | -0.79 | -1.56 | 90.93 | 11.6 | 11.08 | 72.37 | 1.27 | 1.8 | 67.74 | -4.39 | -11.51 | 95.57 | 16.44 | 25.09 |
| 22Q4 (13) | 1.12 | -20.57 | -19.42 | 1.27 | -10.56 | -22.56 | 81.48 | 26.03 | 24.68 | 71.46 | 11.64 | 28.8 | 70.85 | 18.08 | 16.13 | 82.08 | 19.53 | 37.21 |
| 22Q3 (12) | 1.41 | 35.58 | 27.03 | 1.42 | 39.22 | 3.65 | 64.65 | -26.2 | -21.48 | 64.01 | -27.96 | -3.57 | 60.00 | -26.78 | -14.14 | 68.67 | -27.33 | -12.9 |
| 22Q2 (11) | 1.04 | -6.31 | -2.8 | 1.02 | -20.31 | -31.54 | 87.60 | 7.01 | 2.84 | 88.85 | 24.98 | 45.37 | 81.95 | 7.05 | 21.86 | 94.50 | 23.69 | 19.54 |
| 22Q1 (10) | 1.11 | -20.14 | -10.48 | 1.28 | -21.95 | -20.99 | 81.86 | 25.26 | 11.48 | 71.09 | 28.14 | 26.34 | 76.55 | 25.47 | 13.69 | 76.40 | 27.72 | 22.51 |
| 21Q4 (9) | 1.39 | 25.23 | -4.14 | 1.64 | 19.71 | -10.87 | 65.35 | -20.63 | 3.85 | 55.48 | -16.42 | 11.88 | 61.01 | -12.69 | -3.71 | 59.82 | -24.12 | 21.68 |
| 21Q3 (8) | 1.11 | 3.74 | -26.97 | 1.37 | -8.05 | -29.38 | 82.34 | -3.33 | 37.21 | 66.38 | 8.61 | 41.78 | 69.88 | 3.91 | 21.38 | 78.84 | -0.27 | 60.05 |
| 21Q2 (7) | 1.07 | -13.71 | -27.7 | 1.49 | -8.02 | -9.7 | 85.18 | 16.0 | 38.89 | 61.12 | 8.62 | 10.72 | 67.25 | -0.12 | 9.99 | 79.05 | 26.76 | 42.72 |
| 21Q1 (6) | 1.24 | -14.48 | 14.81 | 1.62 | -11.96 | 22.73 | 73.43 | 16.69 | -13.21 | 56.27 | 13.47 | -18.12 | 67.33 | 6.27 | -12.47 | 62.36 | 26.85 | -18.39 |
| 20Q4 (5) | 1.45 | -4.61 | -5.23 | 1.84 | -5.15 | -4.66 | 62.93 | 4.87 | 6.03 | 49.59 | 5.92 | 5.38 | 63.36 | 10.06 | 21.94 | 49.16 | -0.2 | -9.72 |
| 20Q3 (4) | 1.52 | 2.7 | 0.0 | 1.94 | 17.58 | 0.0 | 60.01 | -2.15 | 0.0 | 46.82 | -15.18 | 0.0 | 57.57 | -5.84 | 0.0 | 49.26 | -11.07 | 0.0 |
| 20Q2 (3) | 1.48 | 37.04 | 0.0 | 1.65 | 25.0 | 0.0 | 61.33 | -27.51 | 0.0 | 55.20 | -19.67 | 0.0 | 61.14 | -20.51 | 0.0 | 55.39 | -27.51 | 0.0 |
| 20Q1 (2) | 1.08 | -29.41 | 0.0 | 1.32 | -31.61 | 0.0 | 84.61 | 42.56 | 0.0 | 68.72 | 46.03 | 0.0 | 76.92 | 48.04 | 0.0 | 76.41 | 40.33 | 0.0 |
| 19Q4 (1) | 1.53 | 0.0 | 0.0 | 1.93 | 0.0 | 0.0 | 59.35 | 0.0 | 0.0 | 47.06 | 0.0 | 0.0 | 51.96 | 0.0 | 0.0 | 54.45 | 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) | 3.99 | -14.38 | 5.72 | -0.17 | 91.43 | 16.83 | 63.76 | 0.03 | 69.63 | 4.07 | 85.56 | 13.93 |
| 2022 (9) | 4.66 | -4.31 | 5.73 | -6.37 | 78.26 | 4.37 | 63.74 | 6.79 | 66.91 | -7.93 | 75.10 | 21.15 |
| 2021 (8) | 4.87 | -10.64 | 6.12 | -19.05 | 74.98 | 12.03 | 59.69 | 23.58 | 72.67 | 19.6 | 61.99 | 13.81 |
| 2020 (7) | 5.45 | 6.86 | 7.56 | -0.26 | 66.93 | -6.52 | 48.30 | 0.33 | 60.76 | 0.2 | 54.47 | -7.82 |
| 2019 (6) | 5.10 | -7.61 | 7.58 | 4.55 | 71.60 | 8.19 | 48.14 | -4.31 | 60.64 | -2.76 | 59.09 | 9.16 |
| 2018 (5) | 5.52 | -8.46 | 7.25 | -4.35 | 66.18 | 9.42 | 50.31 | 4.46 | 62.36 | -1.03 | 54.13 | 18.63 |
| 2017 (4) | 6.03 | 11.25 | 7.58 | 9.38 | 60.48 | -10.12 | 48.16 | -8.55 | 63.01 | -9.25 | 45.63 | -9.68 |
| 2016 (3) | 5.42 | -7.35 | 6.93 | -19.51 | 67.29 | 7.78 | 52.66 | 24.29 | 69.43 | 13.47 | 50.52 | 15.84 |
| 2015 (2) | 5.85 | 14.48 | 8.61 | -8.89 | 62.43 | -12.56 | 42.37 | 9.65 | 61.19 | -19.11 | 43.61 | 26.81 |
| 2014 (1) | 5.11 | 8.03 | 9.45 | 2.38 | 71.40 | -7.56 | 38.64 | -2.3 | 75.65 | -8.8 | 34.39 | 1.63 |
