- 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) | 23.10 | 16.73 | -36.52 | 0.01 | -80.0 | 0.0 | 3.94 | -14.35 | 57.6 | 6316.54 | 258.96 | -37.5 | 307.07 | 321.57 | -12.27 | 6013.41 | 255.52 | -38.38 |
| 24Q2 (19) | 19.79 | 106.79 | -43.81 | 0.05 | 150.0 | 400.0 | 4.60 | -51.63 | 78.29 | 1759.68 | -63.16 | -83.43 | 72.84 | -59.61 | -74.3 | 1691.43 | -63.28 | -83.64 |
| 24Q1 (18) | 9.57 | -96.71 | -71.36 | 0.02 | 100.0 | 0 | 9.51 | 2967.74 | 249.63 | 4776.61 | -43.6 | -81.75 | 180.34 | -44.66 | -75.2 | 4605.78 | -43.44 | -81.9 |
| 23Q4 (17) | 290.63 | 698.65 | 1955.37 | 0.01 | 0.0 | 0 | 0.31 | -87.6 | -95.19 | 8468.78 | -16.21 | -69.08 | 325.85 | -6.9 | -62.81 | 8143.25 | -16.56 | -69.29 |
| 23Q3 (16) | 36.39 | 3.32 | -35.17 | 0.01 | 0.0 | 0.0 | 2.50 | -3.1 | 54.32 | 10107.00 | -4.82 | 59.29 | 350.00 | 23.5 | 68.51 | 9759.55 | -5.6 | 58.98 |
| 23Q2 (15) | 35.22 | 5.39 | -55.41 | 0.01 | 0 | -50.0 | 2.58 | -5.15 | 124.35 | 10619.00 | -59.43 | 174.74 | 283.40 | -61.03 | 135.21 | 10338.10 | -59.38 | 175.99 |
| 23Q1 (14) | 33.42 | 136.35 | -83.65 | 0.00 | 0 | -100.0 | 2.72 | -57.76 | 504.44 | 26175.40 | -4.43 | 1828.62 | 727.18 | -17.0 | 477.54 | 25450.90 | -4.03 | 1966.26 |
| 22Q4 (13) | 14.14 | -74.81 | -85.68 | 0.00 | -100.0 | -100.0 | 6.44 | 297.53 | 600.0 | 27389.70 | 331.68 | 683.42 | 876.08 | 321.8 | 149.2 | 26520.10 | 332.01 | 743.1 |
| 22Q3 (12) | 56.13 | -28.93 | -92.46 | 0.01 | -50.0 | -90.91 | 1.62 | 40.87 | 1250.0 | 6344.92 | 64.16 | 685.99 | 207.70 | 72.38 | 545.83 | 6138.84 | 63.89 | 691.89 |
| 22Q2 (11) | 78.98 | -61.36 | 88.59 | 0.02 | -71.43 | 100.0 | 1.15 | 155.56 | -47.0 | 3865.11 | 184.78 | -46.39 | 120.49 | -4.3 | -58.18 | 3745.77 | 204.1 | -45.9 |
| 22Q1 (10) | 204.40 | 106.95 | 28288.89 | 0.07 | 133.33 | 0 | 0.45 | -51.09 | -99.64 | 1357.21 | -61.18 | -99.56 | 125.91 | -64.18 | -99.04 | 1231.74 | -60.84 | -99.58 |
| 21Q4 (9) | 98.77 | -86.74 | 37888.46 | 0.03 | -72.73 | 0 | 0.92 | 666.67 | -99.74 | 3496.16 | 333.1 | -99.9 | 351.55 | 993.13 | -99.8 | 3145.53 | 305.76 | -99.91 |
| 21Q3 (8) | 744.65 | 1678.06 | 3157.44 | 0.11 | 1000.0 | 1000.0 | 0.12 | -94.47 | -96.98 | 807.25 | -88.8 | -94.6 | 32.16 | -88.84 | -96.01 | 775.21 | -88.8 | -94.52 |
| 21Q2 (7) | 41.88 | 5716.67 | -93.77 | 0.01 | 0 | -90.91 | 2.17 | -98.27 | 1450.0 | 7209.59 | -97.65 | 770.82 | 288.12 | -97.8 | 525.53 | 6923.64 | -97.64 | 785.4 |
| 21Q1 (6) | 0.72 | 176.92 | -99.98 | 0.00 | 0 | -100.0 | 125.73 | -63.82 | 419000.0 | 306425.00 | -91.36 | 11206.69 | 13103.70 | -92.51 | 8505.0 | 293447.00 | -91.3 | 11372.32 |
| 20Q4 (5) | 0.26 | -98.86 | -98.98 | 0.00 | -100.0 | -100.0 | 347.47 | 8630.4 | 9605.87 | 3545920.00 | 23640.28 | 20408.62 | 174960.00 | 21612.85 | 16869.11 | 3371300.00 | 23751.57 | 20630.51 |
| 20Q3 (4) | 22.86 | -96.6 | 0.0 | 0.01 | -90.91 | 0.0 | 3.98 | 2742.86 | 0.0 | 14936.30 | 1704.1 | 0.0 | 805.79 | 1649.44 | 0.0 | 14134.50 | 1707.53 | 0.0 |
| 20Q2 (3) | 672.53 | -78.74 | 0.0 | 0.11 | 266.67 | 0.0 | 0.14 | 366.67 | 0.0 | 827.91 | -69.45 | 0.0 | 46.06 | -69.75 | 0.0 | 781.98 | -69.43 | 0.0 |
| 20Q1 (2) | 3163.30 | 12344.14 | 0.0 | 0.03 | 200.0 | 0.0 | 0.03 | -99.16 | 0.0 | 2710.12 | -84.33 | 0.0 | 152.28 | -85.23 | 0.0 | 2557.87 | -84.27 | 0.0 |
| 19Q4 (1) | 25.42 | 0.0 | 0.0 | 0.01 | 0.0 | 0.0 | 3.58 | 0.0 | 0.0 | 17289.90 | 0.0 | 0.0 | 1031.05 | 0.0 | 0.0 | 16262.50 | 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) | 287.06 | -30.89 | 0.03 | -70.0 | 1.27 | 44.32 | 11467.90 | 228.81 | 385.80 | 21.54 | 11083.40 | 249.5 |
| 2022 (9) | 415.36 | -58.39 | 0.10 | -33.33 | 0.88 | 137.84 | 3487.74 | 39.83 | 317.43 | 22.11 | 3171.19 | 41.9 |
| 2021 (8) | 998.24 | -89.11 | 0.15 | 15.38 | 0.37 | 825.0 | 2494.33 | -11.83 | 259.95 | 78.17 | 2234.75 | -16.72 |
| 2020 (7) | 9169.79 | 9548.35 | 0.13 | 30.0 | 0.04 | -98.96 | 2829.15 | -19.05 | 145.90 | -22.73 | 2683.30 | -18.94 |
| 2019 (6) | 95.04 | -56.49 | 0.10 | -61.54 | 3.84 | 129.94 | 3495.08 | 151.1 | 188.82 | 180.61 | 3310.10 | 149.58 |
| 2018 (5) | 218.41 | -72.8 | 0.26 | 550.0 | 1.67 | 271.11 | 1391.89 | -83.48 | 67.29 | -83.68 | 1326.27 | -83.45 |
| 2017 (4) | 803.09 | 1560.65 | 0.04 | -73.33 | 0.45 | -94.04 | 8424.78 | 247.65 | 412.43 | 192.11 | 8012.80 | 249.95 |
| 2016 (3) | 48.36 | -37.04 | 0.15 | -37.5 | 7.55 | 58.95 | 2423.32 | 57.74 | 141.19 | 93.73 | 2289.68 | 55.96 |
| 2015 (2) | 76.81 | 378.27 | 0.24 | 60.0 | 4.75 | -79.09 | 1536.25 | -37.56 | 72.88 | -15.46 | 1468.13 | -38.75 |
| 2014 (1) | 16.06 | -32.29 | 0.15 | -58.33 | 22.72 | 47.63 | 2460.45 | 142.67 | 86.21 | 74.58 | 2396.96 | 144.61 |
