- 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) | 2.57 | 0.39 | 30.46 | 1.33 | 31.68 | 12.71 | 35.46 | -0.17 | -23.18 | 68.33 | -24.41 | -11.1 | 60.99 | -15.34 | 9.81 | 42.79 | -20.57 | -36.59 |
| 24Q2 (19) | 2.56 | 43.82 | -17.42 | 1.01 | 34.67 | 23.17 | 35.52 | -30.69 | 20.94 | 90.39 | -25.99 | -18.06 | 72.04 | -20.16 | 45.07 | 53.87 | -35.21 | -40.16 |
| 24Q1 (18) | 1.78 | 20.27 | 8.54 | 0.75 | -33.04 | 74.42 | 51.25 | -16.73 | -7.64 | 122.13 | 50.26 | -42.01 | 90.23 | 27.75 | -11.9 | 83.15 | 15.18 | -49.2 |
| 23Q4 (17) | 1.48 | -24.87 | -24.1 | 1.12 | -5.08 | 24.44 | 61.55 | 33.34 | 31.8 | 81.28 | 5.75 | -19.64 | 70.63 | 27.17 | 9.08 | 72.19 | 6.98 | -13.12 |
| 23Q3 (16) | 1.97 | -36.45 | -13.6 | 1.18 | 43.9 | 10.28 | 46.16 | 57.17 | 15.6 | 76.86 | -30.32 | -9.91 | 55.54 | 11.84 | 4.95 | 67.48 | -25.04 | -6.69 |
| 23Q2 (15) | 3.10 | 89.02 | 1.97 | 0.82 | 90.7 | -8.89 | 29.37 | -47.07 | -1.97 | 110.31 | -47.62 | 9.1 | 49.66 | -51.51 | -4.61 | 90.02 | -45.0 | 13.93 |
| 23Q1 (14) | 1.64 | -15.9 | -28.38 | 0.43 | -52.22 | -20.37 | 55.49 | 18.82 | 39.63 | 210.60 | 108.23 | 24.52 | 102.42 | 58.18 | 11.81 | 163.67 | 96.98 | 39.57 |
| 22Q4 (13) | 1.95 | -14.47 | -26.97 | 0.90 | -15.89 | 4.65 | 46.70 | 16.95 | 36.99 | 101.14 | 18.56 | -4.01 | 64.75 | 22.35 | -2.18 | 83.09 | 14.89 | 13.4 |
| 22Q3 (12) | 2.28 | -25.0 | -0.44 | 1.07 | 18.89 | 28.92 | 39.93 | 33.28 | 0.48 | 85.31 | -15.63 | -21.74 | 52.92 | 1.65 | -27.56 | 72.32 | -8.47 | -4.45 |
| 22Q2 (11) | 3.04 | 32.75 | 12.18 | 0.90 | 66.67 | -15.89 | 29.96 | -24.61 | -10.62 | 101.11 | -40.22 | 19.3 | 52.06 | -43.17 | -13.2 | 79.01 | -32.63 | 35.55 |
| 22Q1 (10) | 2.29 | -14.23 | 23.78 | 0.54 | -37.21 | -44.33 | 39.74 | 16.57 | -19.28 | 169.13 | 60.53 | 80.54 | 91.60 | 38.39 | 21.86 | 117.27 | 60.05 | 73.09 |
| 21Q4 (9) | 2.67 | 16.59 | 30.24 | 0.86 | 3.61 | -41.89 | 34.09 | -14.22 | -23.32 | 105.36 | -3.35 | 70.84 | 66.19 | -9.39 | 5.62 | 73.27 | -3.2 | 68.59 |
| 21Q3 (8) | 2.29 | -15.5 | -4.58 | 0.83 | -22.43 | -42.76 | 39.74 | 18.56 | 4.63 | 109.01 | 28.63 | 73.44 | 73.05 | 21.79 | 29.94 | 75.69 | 29.85 | 69.67 |
| 21Q2 (7) | 2.71 | 46.49 | -13.14 | 1.07 | 10.31 | -0.93 | 33.52 | -31.91 | 15.07 | 84.75 | -9.53 | 0.17 | 59.98 | -20.21 | 17.61 | 58.29 | -13.96 | -7.09 |
| 21Q1 (6) | 1.85 | -9.76 | 45.67 | 0.97 | -34.46 | 56.45 | 49.23 | 10.73 | -31.07 | 93.68 | 51.91 | -36.33 | 75.17 | 19.95 | -19.6 | 67.75 | 55.89 | -45.83 |
| 20Q4 (5) | 2.05 | -14.58 | 19.88 | 1.48 | 2.07 | 2.07 | 44.46 | 17.06 | -16.35 | 61.67 | -1.88 | -1.41 | 62.67 | 11.47 | 8.84 | 43.46 | -2.58 | -25.21 |
| 20Q3 (4) | 2.40 | -23.08 | 0.0 | 1.45 | 34.26 | 0.0 | 37.98 | 30.38 | 0.0 | 62.85 | -25.72 | 0.0 | 56.22 | 10.24 | 0.0 | 44.61 | -28.9 | 0.0 |
| 20Q2 (3) | 3.12 | 145.67 | 0.0 | 1.08 | 74.19 | 0.0 | 29.13 | -59.21 | 0.0 | 84.61 | -42.5 | 0.0 | 51.00 | -45.45 | 0.0 | 62.74 | -49.83 | 0.0 |
| 20Q1 (2) | 1.27 | -25.73 | 0.0 | 0.62 | -57.24 | 0.0 | 71.42 | 34.37 | 0.0 | 147.14 | 135.24 | 0.0 | 93.50 | 62.38 | 0.0 | 125.06 | 115.21 | 0.0 |
| 19Q4 (1) | 1.71 | 0.0 | 0.0 | 1.45 | 0.0 | 0.0 | 53.15 | 0.0 | 0.0 | 62.55 | 0.0 | 0.0 | 57.58 | 0.0 | 0.0 | 58.11 | 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) | 8.90 | -20.04 | 4.11 | -0.72 | 41.01 | 25.07 | 88.81 | 0.74 | 62.86 | 9.02 | 66.96 | 5.8 |
| 2022 (9) | 11.13 | 42.33 | 4.14 | 7.81 | 32.79 | -29.77 | 88.16 | -7.25 | 57.66 | -23.29 | 63.29 | -4.93 |
| 2021 (8) | 7.82 | 18.13 | 3.84 | -21.15 | 46.69 | -15.28 | 95.05 | 26.75 | 75.17 | 5.78 | 66.57 | 12.75 |
| 2020 (7) | 6.62 | -18.07 | 4.87 | -29.52 | 55.11 | 21.92 | 74.99 | 41.95 | 71.06 | 20.81 | 59.04 | 50.61 |
| 2019 (6) | 8.08 | -10.32 | 6.91 | 2.98 | 45.20 | 11.63 | 52.83 | -2.83 | 58.82 | -11.32 | 39.20 | 37.4 |
| 2018 (5) | 9.01 | 4.04 | 6.71 | 30.54 | 40.49 | -3.89 | 54.37 | -23.47 | 66.33 | -21.34 | 28.53 | -1.14 |
| 2017 (4) | 8.66 | -24.83 | 5.14 | -21.29 | 42.13 | 33.03 | 71.04 | 27.04 | 84.32 | 41.17 | 28.86 | 3.55 |
| 2016 (3) | 11.52 | 24.41 | 6.53 | 14.56 | 31.67 | -19.66 | 55.92 | -12.72 | 59.73 | -4.89 | 27.87 | -31.51 |
| 2015 (2) | 9.26 | 48.87 | 5.70 | 2.33 | 39.42 | -32.86 | 64.07 | -2.32 | 62.80 | -5.02 | 40.69 | -30.05 |
| 2014 (1) | 6.22 | -8.12 | 5.57 | -23.17 | 58.71 | 8.86 | 65.59 | 30.37 | 66.12 | 20.39 | 58.17 | 17.94 |
