- 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) | 0.95 | 43.94 | -5.0 | 2.70 | 56.07 | -38.64 | 95.73 | -30.33 | 4.71 | 33.75 | -35.95 | 63.12 | 85.14 | -45.37 | -4.65 | 44.34 | 29.5 | 94.22 |
| 24Q2 (19) | 0.66 | -12.0 | -37.14 | 1.73 | -34.22 | -52.99 | 137.40 | 12.71 | 58.31 | 52.69 | 52.24 | 112.89 | 155.84 | 23.56 | 79.09 | 34.24 | 12.63 | 39.64 |
| 24Q1 (18) | 0.75 | -19.35 | -8.54 | 2.63 | -31.87 | 2.33 | 121.91 | 24.69 | 10.38 | 34.61 | 46.84 | -2.26 | 126.12 | 41.39 | 40.04 | 30.40 | -5.41 | -45.52 |
| 23Q4 (17) | 0.93 | -7.0 | 43.08 | 3.86 | -12.27 | 79.53 | 97.77 | 6.95 | -30.18 | 23.57 | 13.92 | -44.31 | 89.20 | -0.1 | -18.08 | 32.14 | 40.78 | -56.25 |
| 23Q3 (16) | 1.00 | -4.76 | 20.48 | 4.40 | 19.57 | 75.3 | 91.42 | 5.33 | -16.48 | 20.69 | -16.4 | -42.85 | 89.29 | 2.61 | 5.25 | 22.83 | -6.89 | -62.47 |
| 23Q2 (15) | 1.05 | 28.05 | 45.83 | 3.68 | 43.19 | 128.57 | 86.79 | -21.42 | -31.56 | 24.75 | -30.1 | -56.3 | 87.02 | -3.38 | -12.66 | 24.52 | -56.06 | -70.75 |
| 23Q1 (14) | 0.82 | 26.15 | 38.98 | 2.57 | 19.53 | 56.71 | 110.45 | -21.13 | -28.93 | 35.41 | -16.33 | -36.15 | 90.06 | -17.29 | -25.53 | 55.80 | -24.05 | -37.94 |
| 22Q4 (13) | 0.65 | -21.69 | -33.67 | 2.15 | -14.34 | -46.25 | 140.04 | 27.94 | 51.54 | 42.32 | 16.91 | 86.19 | 108.89 | 28.35 | 72.46 | 73.47 | 20.78 | 41.26 |
| 22Q3 (12) | 0.83 | 15.28 | 12.16 | 2.51 | 55.9 | -17.43 | 109.46 | -13.68 | -10.62 | 36.20 | -36.09 | 21.03 | 84.84 | -14.84 | 9.44 | 60.83 | -27.44 | -18.74 |
| 22Q2 (11) | 0.72 | 22.03 | 700.0 | 1.61 | -1.83 | 360.0 | 126.81 | -18.4 | -87.19 | 56.64 | 2.13 | -78.18 | 99.63 | -17.62 | -82.78 | 83.83 | -6.77 | -87.51 |
| 22Q1 (10) | 0.59 | -39.8 | -4.84 | 1.64 | -59.0 | -37.4 | 155.41 | 68.17 | 6.02 | 55.46 | 143.99 | 59.6 | 120.94 | 91.54 | 67.62 | 89.92 | 72.89 | -17.65 |
| 21Q4 (9) | 0.98 | 32.43 | 15.29 | 4.00 | 31.58 | 9.59 | 92.41 | -24.54 | -13.77 | 22.73 | -24.01 | -8.75 | 63.14 | -18.55 | 32.15 | 52.01 | -30.52 | -38.3 |
| 21Q3 (8) | 0.74 | 722.22 | -7.5 | 3.04 | 768.57 | 24.59 | 122.46 | -87.63 | 7.81 | 29.91 | -88.48 | -19.73 | 77.52 | -86.6 | 74.52 | 74.86 | -88.85 | -29.66 |
| 21Q2 (7) | 0.09 | -85.48 | -88.16 | 0.35 | -86.64 | -74.07 | 990.28 | 575.54 | 722.22 | 259.54 | 646.88 | 285.13 | 578.53 | 701.84 | 827.13 | 671.29 | 514.79 | 435.19 |
| 21Q1 (6) | 0.62 | -27.06 | 1.64 | 2.62 | -28.22 | 116.53 | 146.59 | 36.78 | -2.01 | 34.75 | 39.5 | -53.93 | 72.15 | 51.0 | -7.12 | 109.19 | 29.53 | -25.9 |
| 20Q4 (5) | 0.85 | 6.25 | -42.57 | 3.65 | 49.59 | 19.67 | 107.17 | -5.65 | 74.23 | 24.91 | -33.15 | -16.55 | 47.78 | 7.56 | 47.61 | 84.30 | -20.79 | 42.91 |
| 20Q3 (4) | 0.80 | 5.26 | 0.0 | 2.44 | 80.74 | 0.0 | 113.59 | -5.69 | 0.0 | 37.26 | -44.71 | 0.0 | 44.42 | -28.81 | 0.0 | 106.42 | -15.16 | 0.0 |
| 20Q2 (3) | 0.76 | 24.59 | 0.0 | 1.35 | 11.57 | 0.0 | 120.44 | -19.49 | 0.0 | 67.39 | -10.66 | 0.0 | 62.40 | -19.67 | 0.0 | 125.43 | -14.88 | 0.0 |
| 20Q1 (2) | 0.61 | -58.78 | 0.0 | 1.21 | -60.33 | 0.0 | 149.59 | 143.2 | 0.0 | 75.43 | 152.7 | 0.0 | 77.68 | 139.98 | 0.0 | 147.35 | 149.79 | 0.0 |
| 19Q4 (1) | 1.48 | 0.0 | 0.0 | 3.05 | 0.0 | 0.0 | 61.51 | 0.0 | 0.0 | 29.85 | 0.0 | 0.0 | 32.37 | 0.0 | 0.0 | 58.99 | 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) | 3.19 | 14.75 | 9.00 | -11.15 | 114.59 | -12.82 | 40.54 | 12.55 | 106.65 | 8.77 | 48.47 | -30.18 |
| 2022 (9) | 2.78 | 45.55 | 10.13 | 17.11 | 131.44 | -31.33 | 36.02 | -14.68 | 98.05 | -6.68 | 69.42 | -46.0 |
| 2021 (8) | 1.91 | -18.72 | 8.65 | 8.81 | 191.41 | 23.07 | 42.22 | -8.02 | 105.07 | 40.41 | 128.55 | 1.53 |
| 2020 (7) | 2.35 | -24.68 | 7.95 | -6.14 | 155.53 | 32.92 | 45.90 | 6.5 | 74.83 | -11.41 | 126.61 | 67.38 |
| 2019 (6) | 3.12 | -50.24 | 8.47 | -69.46 | 117.01 | 100.98 | 43.10 | 227.51 | 84.47 | -18.17 | 75.64 | 0 |
| 2018 (5) | 6.27 | 13.38 | 27.73 | 24.85 | 58.22 | -11.85 | 13.16 | -19.9 | 103.22 | -27.89 | -31.84 | 0 |
| 2017 (4) | 5.53 | -9.05 | 22.21 | 0.95 | 66.05 | 9.99 | 16.43 | -0.96 | 143.14 | 31.77 | -60.65 | 0 |
| 2016 (3) | 6.08 | 15.15 | 22.00 | -9.76 | 60.05 | -13.16 | 16.59 | 10.82 | 108.63 | -6.39 | -31.99 | 0 |
| 2015 (2) | 5.28 | -24.46 | 24.38 | -11.28 | 69.15 | 32.4 | 14.97 | 12.73 | 116.04 | 44.72 | -31.91 | 0 |
| 2014 (1) | 6.99 | 25.95 | 27.48 | 123.23 | 52.23 | -20.51 | 13.28 | -55.21 | 80.18 | 6.37 | -14.67 | 0 |
