- 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) | 0.92 | -44.58 | 55.93 | 0.00 | 0 | 0 | 99.12 | 80.74 | -35.74 | 73923.30 | 257.01 | -52.52 | 927.22 | 259.99 | -19.18 | 73095.20 | 256.5 | -52.75 |
| 24Q2 (19) | 1.66 | -0.6 | -33.06 | 0.00 | -100.0 | 0 | 54.84 | 0.68 | 49.22 | 20706.20 | 63.7 | -74.64 | 257.57 | 73.86 | -59.75 | 20503.50 | 63.31 | -74.71 |
| 24Q1 (18) | 1.67 | -89.08 | -6.7 | 0.01 | -85.71 | 0 | 54.47 | 815.46 | 7.03 | 12648.80 | 840.19 | -92.08 | 148.15 | 1101.54 | -86.69 | 12555.10 | 837.67 | -92.09 |
| 23Q4 (17) | 15.29 | 2491.53 | 984.4 | 0.07 | 0 | 0 | 5.95 | -96.14 | -90.8 | 1345.35 | -99.14 | -99.08 | 12.33 | -98.93 | -98.67 | 1338.97 | -99.13 | -99.08 |
| 23Q3 (16) | 0.59 | -76.21 | -84.01 | 0.00 | 0 | 0 | 154.25 | 319.73 | 525.76 | 155703.00 | 90.67 | 307.85 | 1147.24 | 79.27 | 320.02 | 154710.00 | 90.86 | 307.91 |
| 23Q2 (15) | 2.48 | 38.55 | 98.4 | 0.00 | 0 | 0 | 36.75 | -27.79 | -49.5 | 81662.00 | -48.88 | -37.21 | 639.94 | -42.5 | -38.11 | 81058.90 | -48.91 | -37.21 |
| 23Q1 (14) | 1.79 | 26.95 | -75.97 | 0.00 | 0 | -100.0 | 50.89 | -21.33 | 316.45 | 159732.00 | 9.24 | 1042.17 | 1112.92 | 20.33 | 1119.37 | 158670.00 | 9.15 | 1041.02 |
| 22Q4 (13) | 1.41 | -61.79 | 131.15 | 0.00 | 0 | 0 | 64.69 | 162.43 | -56.51 | 146226.00 | 283.03 | 61.07 | 924.87 | 238.61 | 30.2 | 145366.00 | 283.27 | 61.12 |
| 22Q3 (12) | 3.69 | 195.2 | 296.77 | 0.00 | 0 | 0 | 24.65 | -66.13 | -74.89 | 38176.10 | -70.65 | -32.68 | 273.14 | -73.58 | -34.89 | 37927.60 | -70.62 | -32.73 |
| 22Q2 (11) | 1.25 | -83.22 | 23.76 | 0.00 | -100.0 | 0 | 72.77 | 495.5 | -19.48 | 130062.00 | 830.01 | 144.5 | 1034.01 | 1032.91 | 293.34 | 129101.00 | 828.38 | 143.48 |
| 22Q1 (10) | 7.45 | 1121.31 | 132.09 | 0.01 | 0 | 0.0 | 12.22 | -91.78 | -56.84 | 13985.00 | -84.6 | -5.3 | 91.27 | -87.15 | -16.1 | 13906.00 | -84.59 | -5.32 |
| 21Q4 (9) | 0.61 | -34.41 | -92.38 | 0.00 | 0 | -100.0 | 148.75 | 51.54 | 1209.42 | 90783.10 | 60.09 | 1991.72 | 710.37 | 69.33 | 989.52 | 90221.50 | 60.01 | 2004.9 |
| 21Q3 (8) | 0.93 | -7.92 | -94.46 | 0.00 | 0 | -100.0 | 98.16 | 8.62 | 1711.07 | 56706.20 | 6.6 | 4298.45 | 419.53 | 59.59 | 1590.97 | 56384.80 | 6.34 | 4340.31 |
| 21Q2 (7) | 1.01 | -68.54 | -89.76 | 0.00 | -100.0 | -100.0 | 90.37 | 219.22 | 879.09 | 53194.80 | 260.21 | 2561.26 | 262.88 | 141.66 | 1031.15 | 53022.30 | 261.01 | 2571.34 |
| 21Q1 (6) | 3.21 | -59.93 | -63.77 | 0.01 | -50.0 | -80.0 | 28.31 | 149.21 | 175.39 | 14767.70 | 240.26 | 659.42 | 108.78 | 66.84 | 466.27 | 14687.30 | 242.66 | 658.78 |
| 20Q4 (5) | 8.01 | -52.32 | 136.28 | 0.02 | -71.43 | -33.33 | 11.36 | 109.59 | -57.64 | 4340.11 | 236.64 | 44.8 | 65.20 | 162.8 | 97.76 | 4286.26 | 237.54 | 43.3 |
| 20Q3 (4) | 16.80 | 70.39 | 0.0 | 0.07 | 40.0 | 0.0 | 5.42 | -41.28 | 0.0 | 1289.23 | -35.5 | 0.0 | 24.81 | 6.76 | 0.0 | 1269.84 | -36.02 | 0.0 |
| 20Q2 (3) | 9.86 | 11.29 | 0.0 | 0.05 | 0.0 | 0.0 | 9.23 | -10.21 | 0.0 | 1998.86 | 2.79 | 0.0 | 23.24 | 20.98 | 0.0 | 1984.86 | 2.54 | 0.0 |
| 20Q1 (2) | 8.86 | 161.36 | 0.0 | 0.05 | 66.67 | 0.0 | 10.28 | -61.67 | 0.0 | 1944.59 | -35.12 | 0.0 | 19.21 | -41.73 | 0.0 | 1935.65 | -35.29 | 0.0 |
| 19Q4 (1) | 3.39 | 0.0 | 0.0 | 0.03 | 0.0 | 0.0 | 26.82 | 0.0 | 0.0 | 2997.27 | 0.0 | 0.0 | 32.97 | 0.0 | 0.0 | 2991.12 | 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) | 20.22 | 77.52 | 0.07 | 600.0 | 18.05 | -43.66 | 5091.16 | -85.83 | 48.26 | -78.31 | 5060.95 | -85.84 |
| 2022 (9) | 11.39 | 164.88 | 0.01 | 0.0 | 32.04 | -62.26 | 35935.70 | -13.61 | 222.53 | -20.05 | 35745.20 | -13.67 |
| 2021 (8) | 4.30 | -90.45 | 0.01 | -94.12 | 84.89 | 946.73 | 41596.60 | 1808.07 | 278.32 | 1158.23 | 41403.20 | 1811.48 |
| 2020 (7) | 45.03 | 48.08 | 0.17 | 30.77 | 8.11 | -32.42 | 2180.04 | -21.2 | 22.12 | -50.31 | 2166.03 | -20.77 |
| 2019 (6) | 30.41 | -41.09 | 0.13 | -38.1 | 12.00 | 69.73 | 2766.43 | 62.59 | 44.52 | -5.28 | 2733.92 | 64.54 |
| 2018 (5) | 51.62 | 57.43 | 0.21 | 75.0 | 7.07 | -36.48 | 1701.48 | -46.0 | 47.00 | -52.56 | 1661.56 | -45.75 |
| 2017 (4) | 32.79 | -51.45 | 0.12 | -42.86 | 11.13 | 106.11 | 3150.81 | 82.55 | 99.08 | 59.86 | 3062.86 | 83.46 |
| 2016 (3) | 67.54 | 9.95 | 0.21 | 23.53 | 5.40 | -9.09 | 1726.04 | -17.69 | 61.98 | -21.3 | 1669.46 | -17.53 |
| 2015 (2) | 61.43 | 208.69 | 0.17 | 21.43 | 5.94 | -67.61 | 2097.08 | -17.32 | 78.75 | -7.37 | 2024.27 | -18.04 |
| 2014 (1) | 19.90 | -7.23 | 0.14 | 7.69 | 18.34 | 7.82 | 2536.50 | -10.72 | 85.02 | 16.88 | 2469.82 | -11.33 |
