- 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) | 14.74 | 17.92 | 68.65 | 0.03 | -40.0 | 0.0 | 6.17 | -15.25 | -40.73 | 2721.09 | 40.44 | -24.8 | 239.99 | 42.94 | -13.35 | 2487.28 | 39.98 | -25.8 |
| 24Q2 (19) | 12.50 | -38.91 | 66.89 | 0.05 | -44.44 | 150.0 | 7.28 | 63.6 | -40.08 | 1937.50 | 93.19 | -57.19 | 167.89 | 83.49 | -50.71 | 1776.89 | 94.01 | -57.67 |
| 24Q1 (18) | 20.46 | -11.85 | 133.83 | 0.09 | -18.18 | 350.0 | 4.45 | 13.52 | -57.21 | 1002.92 | 21.65 | -77.57 | 91.50 | 27.54 | -74.95 | 915.88 | 21.05 | -77.75 |
| 23Q4 (17) | 23.21 | 165.56 | 423.93 | 0.11 | 266.67 | -31.25 | 3.92 | -62.34 | -80.92 | 824.42 | -77.22 | 48.53 | 71.74 | -74.1 | 65.03 | 756.60 | -77.43 | 42.18 |
| 23Q3 (16) | 8.74 | 16.69 | 85.96 | 0.03 | 50.0 | 50.0 | 10.41 | -14.32 | -46.23 | 3618.50 | -20.06 | -17.7 | 276.97 | -18.68 | -7.22 | 3351.94 | -20.15 | -18.59 |
| 23Q2 (15) | 7.49 | -14.4 | 51.01 | 0.02 | 0.0 | 0.0 | 12.15 | 16.83 | -33.82 | 4526.26 | 1.21 | 11.18 | 340.60 | -6.77 | 20.79 | 4197.81 | 1.96 | 10.26 |
| 23Q1 (14) | 8.75 | 97.52 | 110.34 | 0.02 | -87.5 | 0.0 | 10.40 | -49.39 | -52.4 | 4472.12 | 705.71 | -9.05 | 365.34 | 740.44 | -3.95 | 4117.18 | 673.72 | -9.68 |
| 22Q4 (13) | 4.43 | -5.74 | -1.99 | 0.16 | 700.0 | 700.0 | 20.55 | 6.15 | 2.19 | 555.05 | -87.38 | -87.77 | 43.47 | -85.44 | -88.25 | 532.13 | -87.08 | -87.3 |
| 22Q3 (12) | 4.70 | -5.24 | 79.39 | 0.02 | 0.0 | 0.0 | 19.36 | 5.45 | -44.21 | 4396.53 | 8.0 | 1.24 | 298.53 | 5.87 | -6.55 | 4117.36 | 8.14 | 1.47 |
| 22Q2 (11) | 4.96 | 19.23 | 88.59 | 0.02 | 0.0 | -33.33 | 18.36 | -15.97 | -46.89 | 4070.93 | -17.21 | 13.75 | 281.97 | -25.87 | 12.0 | 3807.32 | -16.48 | 13.26 |
| 22Q1 (10) | 4.16 | -7.96 | -61.01 | 0.02 | 0.0 | -83.33 | 21.85 | 8.65 | 156.15 | 4917.09 | 8.3 | 568.77 | 380.38 | 2.84 | 592.48 | 4558.56 | 8.79 | 561.76 |
| 21Q4 (9) | 4.52 | 72.52 | -79.16 | 0.02 | 0.0 | -91.67 | 20.11 | -42.05 | 378.81 | 4540.13 | 4.55 | 1103.19 | 369.87 | 15.78 | 1374.76 | 4190.37 | 3.27 | 1075.58 |
| 21Q3 (8) | 2.62 | -0.38 | -6.76 | 0.02 | -33.33 | -33.33 | 34.70 | 0.38 | 7.13 | 4342.61 | 21.34 | 35.14 | 319.46 | 26.89 | 79.63 | 4057.86 | 20.71 | 32.27 |
| 21Q2 (7) | 2.63 | -75.35 | 40.64 | 0.03 | -75.0 | 50.0 | 34.57 | 305.28 | -29.06 | 3578.83 | 386.76 | -30.64 | 251.76 | 358.33 | -2.5 | 3361.63 | 388.01 | -32.09 |
| 21Q1 (6) | 10.67 | -50.81 | 702.26 | 0.12 | -50.0 | 1100.0 | 8.53 | 103.1 | -87.51 | 735.24 | 94.85 | -91.91 | 54.93 | 119.02 | -88.65 | 688.85 | 93.25 | -92.05 |
| 20Q4 (5) | 21.69 | 671.89 | 973.76 | 0.24 | 700.0 | 1100.0 | 4.20 | -87.03 | -90.67 | 377.34 | -88.26 | -91.82 | 25.08 | -85.9 | -91.23 | 356.45 | -88.38 | -91.85 |
| 20Q3 (4) | 2.81 | 50.27 | 0.0 | 0.03 | 50.0 | 0.0 | 32.39 | -33.53 | 0.0 | 3213.30 | -37.73 | 0.0 | 177.84 | -31.13 | 0.0 | 3067.85 | -38.03 | 0.0 |
| 20Q2 (3) | 1.87 | 40.6 | 0.0 | 0.02 | 100.0 | 0.0 | 48.73 | -28.67 | 0.0 | 5159.88 | -43.2 | 0.0 | 258.21 | -46.63 | 0.0 | 4950.40 | -42.89 | 0.0 |
| 20Q1 (2) | 1.33 | -34.16 | 0.0 | 0.01 | -50.0 | 0.0 | 68.32 | 51.69 | 0.0 | 9084.40 | 96.82 | 0.0 | 483.84 | 69.13 | 0.0 | 8668.87 | 98.16 | 0.0 |
| 19Q4 (1) | 2.02 | 0.0 | 0.0 | 0.02 | 0.0 | 0.0 | 45.04 | 0.0 | 0.0 | 4615.62 | 0.0 | 0.0 | 286.08 | 0.0 | 0.0 | 4374.59 | 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) | 46.31 | 120.1 | 0.18 | -21.74 | 7.88 | -54.58 | 2020.93 | 28.45 | 179.00 | 39.53 | 1849.81 | 26.49 |
| 2022 (9) | 21.04 | 1.3 | 0.23 | 27.78 | 17.35 | -1.31 | 1573.38 | -20.8 | 128.29 | -14.26 | 1462.44 | -21.14 |
| 2021 (8) | 20.77 | -25.58 | 0.18 | -41.94 | 17.58 | 34.4 | 1986.57 | 68.2 | 149.63 | 102.07 | 1854.51 | 65.56 |
| 2020 (7) | 27.91 | 280.25 | 0.31 | 342.86 | 13.08 | -73.69 | 1181.08 | -78.59 | 74.05 | -77.36 | 1120.11 | -78.62 |
| 2019 (6) | 7.34 | -44.85 | 0.07 | -46.15 | 49.72 | 81.33 | 5515.55 | 93.32 | 327.09 | 74.67 | 5238.18 | 94.49 |
| 2018 (5) | 13.31 | 16.04 | 0.13 | 8.33 | 27.42 | -13.85 | 2853.08 | -5.18 | 187.26 | -29.0 | 2693.23 | -3.01 |
| 2017 (4) | 11.47 | -18.3 | 0.12 | -29.41 | 31.83 | 22.42 | 3008.86 | 41.55 | 263.74 | 22.6 | 2776.94 | 43.39 |
| 2016 (3) | 14.04 | 8.67 | 0.17 | 13.33 | 26.00 | -7.93 | 2125.71 | -13.57 | 215.13 | -17.36 | 1936.58 | -13.06 |
| 2015 (2) | 12.92 | -46.63 | 0.15 | -57.14 | 28.24 | 87.27 | 2459.47 | 132.76 | 260.31 | 107.1 | 2227.40 | 135.44 |
| 2014 (1) | 24.21 | 27.89 | 0.35 | 12.9 | 15.08 | -21.78 | 1056.66 | -11.53 | 125.69 | -23.57 | 946.05 | -9.83 |
