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)2.2711.8228.253.0951.4722.6240.03-10.51-22.0429.45-33.91-18.5364.05-18.29-22.135.43-50.183.23
24Q3 (19)2.034.126.092.044.6230.7744.73-4.26-20.844.56-4.6-23.5978.39-8.72-27.6810.9044.5670.31
24Q2 (18)1.9552.3421.871.95-4.4114.0446.72-34.15-17.9346.714.5-12.385.88-22.08-21.617.5438.351078.12
24Q1 (17)1.28-27.6818.522.04-19.0513.3370.9538.17-16.0344.7023.65-11.41110.2133.99-16.785.453.61116.27
23Q4 (16)1.779.9412.742.5261.54-10.051.35-9.08-11.5436.15-38.0111.2782.25-24.12-3.355.26-17.81-3.31
23Q3 (15)1.610.63-4.731.56-8.77-25.3656.48-0.794.6958.329.534.01108.40-1.058.316.40900.0345.21
23Q2 (14)1.6048.15-15.341.71-5.0-22.2756.93-32.6217.9453.265.5528.55109.55-17.287.00.64-74.6105.05
23Q1 (13)1.08-31.21-3.571.80-35.71-32.3384.4945.553.7250.4655.3147.24132.4355.6213.942.52-53.68604.0
22Q4 (12)1.57-7.16.082.8033.97-11.9558.057.6-5.5632.49-25.3413.5285.10-14.9711.235.44308.43-59.94
22Q3 (11)1.69-10.583.682.09-5.029.8153.9511.77-3.4443.525.04-22.84100.08-2.254.52-2.6179.4-115.8
22Q2 (10)1.8968.75-7.352.20-17.2946.6748.27-40.747.9641.4320.89-31.87102.38-11.927.23-12.67-2434.0-226.07
22Q1 (9)1.12-24.32-21.682.66-16.3568.3581.4632.5227.6634.2719.74-40.68116.2351.91-6.29-0.50-103.6879.59
21Q4 (8)1.48-9.2-27.453.1897.5227.7161.4710.0237.4928.62-49.26-21.8276.51-20.09-3.6413.58-17.8607.29
21Q3 (7)1.63-20.1-20.11.617.33-4.1755.8724.9625.0756.40-7.253.9695.750.2814.8116.5264.386.44
21Q2 (6)2.0442.667.941.50-5.060.044.71-29.93-7.1360.815.260.1695.48-23.027.8110.05510.2-50.47
21Q1 (5)1.43-29.934.911.58-36.556.7663.8142.72-25.4357.7757.8-6.32124.0356.21-7.34-2.45-227.6-118.31
20Q4 (4)2.040.00.02.4948.210.044.710.090.036.61-32.520.079.40-4.80.01.92-87.630.0
20Q3 (3)2.047.940.01.6812.00.044.67-7.210.054.25-10.640.083.40-5.830.015.52-23.510.0
20Q2 (2)1.8978.30.01.501.350.048.14-43.740.060.71-1.560.088.56-33.840.020.2951.640.0
20Q1 (1)1.060.00.01.480.00.085.570.00.061.670.00.0133.860.00.013.380.00.0
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)5.3422.4811.058.5568.39-18.3433.04-7.8195.89-13.535.54-36.32
2023 (9)4.3612.6610.18-14.2483.75-11.135.8416.59110.89-1.538.70-29.5
2022 (8)3.87-10.4211.8714.0294.2111.5430.74-12.3112.61-3.312.34303.27
2021 (7)4.32-10.7410.4116.3184.4612.0835.05-14.03116.45-0.173.060
2020 (6)4.84-12.168.95-26.0375.3613.7540.7735.18116.6532.53-0.510
2019 (5)5.5135.7112.1014.6966.25-26.3230.16-12.8188.02-10.098.38-68.51
2018 (4)4.0612.4710.55-11.0589.92-11.0434.5912.3897.903.9326.61-29.34
2017 (3)3.6111.4211.8614.37101.08-10.3630.78-12.5394.20-19.5437.6621.96
2016 (2)3.249.4610.3715.74112.76-8.6635.19-13.58117.07-9.9130.88-9.76
2015 (1)2.96-4.828.96-8.94123.455.1840.729.79129.9518.2434.22-23.2

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。