- 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) | 30.59 | 73.22 | 58.17 | 0.00 | 0 | -100.0 | 2.97 | -42.33 | -36.81 | 0.00 | 0 | -100.0 | 16.05 | -4.75 | 194.5 | -13.08 | -11.89 | -1691.78 |
| 24Q2 (19) | 17.66 | -26.72 | -2.38 | 0.00 | 0 | -100.0 | 5.15 | 36.24 | 2.39 | 0.00 | 0 | -100.0 | 16.85 | 75.34 | 159.63 | -11.69 | -100.51 | -711.81 |
| 24Q1 (18) | 24.10 | 48.95 | 134.21 | 0.00 | -100.0 | -100.0 | 3.78 | -32.86 | -57.24 | 0.00 | -100.0 | -100.0 | 9.61 | 3.56 | -29.55 | -5.83 | -59.73 | -22.74 |
| 23Q4 (17) | 16.18 | -16.34 | 325.79 | 17028.20 | 118.56 | 2060.31 | 5.63 | 19.79 | -76.48 | 0.01 | 0.0 | -91.67 | 9.28 | 70.28 | -75.03 | -3.65 | -400.0 | 72.16 |
| 23Q3 (16) | 19.34 | 6.91 | 608.42 | 7791.11 | 73.52 | 3397.22 | 4.70 | -6.56 | -85.9 | 0.01 | -50.0 | -97.56 | 5.45 | -16.02 | -94.79 | -0.73 | 49.31 | 98.97 |
| 23Q2 (15) | 18.09 | 75.8 | 31.37 | 4489.96 | 145.12 | 2630.29 | 5.03 | -43.1 | -23.9 | 0.02 | -60.0 | -96.36 | 6.49 | -52.42 | -89.59 | -1.44 | 69.68 | 97.39 |
| 23Q1 (14) | 10.29 | 170.79 | 104.57 | 1831.76 | 132.39 | 7819.41 | 8.84 | -63.07 | -51.11 | 0.05 | -58.33 | -98.73 | 13.64 | -63.29 | -86.45 | -4.75 | 63.77 | 93.96 |
| 22Q4 (13) | 3.80 | 39.19 | -47.95 | 788.23 | 253.82 | 1592.93 | 23.94 | -28.19 | 91.98 | 0.12 | -70.73 | -93.85 | 37.16 | -64.5 | -66.38 | -13.11 | 81.51 | 86.36 |
| 22Q3 (12) | 2.73 | -80.17 | -43.48 | 222.78 | 35.47 | -86.13 | 33.34 | 404.39 | 76.96 | 0.41 | -25.45 | 583.33 | 104.67 | 67.85 | -53.71 | -70.92 | -28.5 | 65.77 |
| 22Q2 (11) | 13.77 | 173.76 | 86.08 | 164.45 | 610.98 | -95.7 | 6.61 | -63.44 | -46.26 | 0.55 | -86.01 | 2650.0 | 62.36 | -38.07 | -11.65 | -55.19 | 29.86 | 5.25 |
| 22Q1 (10) | 5.03 | -31.1 | -7.71 | 23.13 | -50.32 | 0 | 18.08 | 44.99 | 8.2 | 3.93 | 101.54 | 0 | 100.69 | -8.89 | 7.93 | -78.68 | 18.13 | -2.74 |
| 21Q4 (9) | 7.30 | 51.14 | -9.65 | 46.56 | -97.1 | 0 | 12.47 | -33.81 | 10.75 | 1.95 | 3150.0 | 0 | 110.52 | -51.12 | 51.27 | -96.10 | 53.62 | -55.5 |
| 21Q3 (8) | 4.83 | -34.73 | -57.48 | 1606.40 | -57.99 | 264.78 | 18.84 | 53.17 | 135.21 | 0.06 | 200.0 | -71.43 | 226.11 | 220.36 | 441.97 | -207.21 | -255.73 | -518.54 |
| 21Q2 (7) | 7.40 | 35.78 | 604.76 | 3824.00 | 0 | 11746.34 | 12.30 | -26.39 | -85.75 | 0.02 | 0 | -99.29 | 70.58 | -24.34 | -72.74 | -58.25 | 23.94 | 65.69 |
| 21Q1 (6) | 5.45 | -32.55 | 13.07 | 0.00 | 0 | -100.0 | 16.71 | 48.4 | -11.45 | 0.00 | 0 | -100.0 | 93.29 | 27.69 | 164.13 | -76.58 | -23.92 | -372.13 |
| 20Q4 (5) | 8.08 | -28.87 | 35.57 | 0.00 | -100.0 | -100.0 | 11.26 | 40.57 | -26.31 | 0.00 | -100.0 | -100.0 | 73.06 | 75.12 | 76.9 | -61.80 | -84.48 | -138.79 |
| 20Q3 (4) | 11.36 | 981.9 | 0.0 | 440.38 | 1264.25 | 0.0 | 8.01 | -90.72 | 0.0 | 0.21 | -92.55 | 0.0 | 41.72 | -83.88 | 0.0 | -33.50 | 80.27 | 0.0 |
| 20Q2 (3) | 1.05 | -78.22 | 0.0 | 32.28 | -91.93 | 0.0 | 86.29 | 357.29 | 0.0 | 2.82 | 1126.09 | 0.0 | 258.87 | 632.93 | 0.0 | -169.76 | -946.61 | 0.0 |
| 20Q1 (2) | 4.82 | -19.13 | 0.0 | 399.96 | -38.68 | 0.0 | 18.87 | 23.49 | 0.0 | 0.23 | 64.29 | 0.0 | 35.32 | -14.48 | 0.0 | -16.22 | 37.33 | 0.0 |
| 19Q4 (1) | 5.96 | 0.0 | 0.0 | 652.28 | 0.0 | 0.0 | 15.28 | 0.0 | 0.0 | 0.14 | 0.0 | 0.0 | 41.30 | 0.0 | 0.0 | -25.88 | 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) | 72.86 | 414.91 | 39297.20 | 8494.44 | 5.01 | -80.57 | 0.01 | -98.75 | 11.07 | -76.06 | -6.06 | 0 |
| 2022 (9) | 14.15 | -51.44 | 457.24 | 151.94 | 25.79 | 105.83 | 0.80 | -60.2 | 46.24 | -48.86 | -19.65 | 0 |
| 2021 (8) | 29.14 | 168.08 | 181.49 | -79.27 | 12.53 | -62.66 | 2.01 | 378.57 | 90.41 | -2.41 | -75.87 | 0 |
| 2020 (7) | 10.87 | -74.99 | 875.50 | -52.22 | 33.56 | 299.52 | 0.42 | 110.0 | 92.64 | 257.82 | -58.66 | 0 |
| 2019 (6) | 43.46 | -20.26 | 1832.17 | 208.04 | 8.40 | 25.37 | 0.20 | -67.21 | 25.89 | -3.29 | -17.29 | 0 |
| 2018 (5) | 54.50 | -25.91 | 594.79 | 142.43 | 6.70 | 35.08 | 0.61 | -59.06 | 26.77 | 8.73 | -19.46 | 0 |
| 2017 (4) | 73.56 | -5.61 | 245.34 | 5.52 | 4.96 | 5.98 | 1.49 | -5.1 | 24.62 | -3.83 | -18.17 | 0 |
| 2016 (3) | 77.93 | -13.02 | 232.51 | -46.04 | 4.68 | 14.99 | 1.57 | 84.71 | 25.60 | 22.61 | -19.35 | 0 |
| 2015 (2) | 89.60 | 7.42 | 430.89 | -22.86 | 4.07 | -7.08 | 0.85 | 30.77 | 20.88 | 3.32 | -15.96 | 0 |
| 2014 (1) | 83.41 | 20.71 | 558.58 | -7.91 | 4.38 | -17.05 | 0.65 | 8.33 | 20.21 | -10.22 | -15.18 | 0 |
