- 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) | 2.50 | 8.23 | 237.84 | 2.81 | 47.89 | 238.55 | 36.41 | -7.73 | -70.21 | 32.34 | -32.51 | -70.43 | 0.00 | -100.0 | -100.0 | 68.75 | -21.29 | -69.59 |
| 24Q2 (19) | 2.31 | -18.09 | 106.25 | 1.90 | -19.15 | -18.8 | 39.46 | 22.28 | -51.29 | 47.92 | 23.51 | 23.06 | 0.03 | -99.58 | 200.0 | 87.35 | 36.51 | -27.17 |
| 24Q1 (18) | 2.82 | 113.64 | 354.84 | 2.35 | 57.72 | 66.67 | 32.27 | -53.21 | -77.97 | 38.80 | -36.37 | -39.94 | 7.08 | -45.29 | -26.33 | 63.99 | -45.31 | -68.24 |
| 23Q4 (17) | 1.32 | 78.38 | -22.35 | 1.49 | 79.52 | -52.55 | 68.97 | -43.57 | 28.7 | 60.98 | -44.25 | 110.35 | 12.94 | 134.85 | 96.66 | 117.01 | -48.25 | 53.96 |
| 23Q3 (16) | 0.74 | -33.93 | -43.94 | 0.83 | -64.53 | -73.05 | 122.23 | 50.88 | 77.4 | 109.38 | 180.89 | 270.15 | 5.51 | 55000.0 | 20.31 | 226.10 | 88.53 | 140.84 |
| 23Q2 (15) | 1.12 | 80.65 | -48.86 | 2.34 | 65.96 | -92.5 | 81.01 | -44.71 | 95.2 | 38.94 | -39.72 | 1233.56 | 0.01 | -99.9 | -99.57 | 119.93 | -40.48 | 184.87 |
| 23Q1 (14) | 0.62 | -63.53 | -85.06 | 1.41 | -55.1 | -92.03 | 146.51 | 173.39 | 567.78 | 64.60 | 122.84 | 1156.81 | 9.61 | 46.05 | 38.87 | 201.49 | 165.12 | 899.45 |
| 22Q4 (13) | 1.70 | 28.79 | -33.59 | 3.14 | 1.95 | -30.53 | 53.59 | -22.22 | 50.7 | 28.99 | -1.9 | 44.01 | 6.58 | 43.67 | -67.41 | 76.00 | -19.05 | 114.08 |
| 22Q3 (12) | 1.32 | -39.73 | -37.14 | 3.08 | -90.13 | -4.64 | 68.90 | 66.02 | 59.05 | 29.55 | 911.99 | 4.86 | 4.58 | 97.41 | -95.29 | 93.88 | 122.99 | 463.73 |
| 22Q2 (11) | 2.19 | -47.23 | -12.4 | 31.19 | 76.31 | 2565.81 | 41.50 | 89.15 | 14.07 | 2.92 | -43.19 | -96.25 | 2.32 | -66.47 | -99.39 | 42.10 | 108.83 | 115.95 |
| 22Q1 (10) | 4.15 | 62.11 | 166.03 | 17.69 | 291.37 | 2463.77 | 21.94 | -38.3 | -62.48 | 5.14 | -74.47 | -96.11 | 6.92 | -65.73 | -98.61 | 20.16 | -43.21 | 106.58 |
| 21Q4 (9) | 2.56 | 21.9 | 72.97 | 4.52 | 39.94 | 267.48 | 35.56 | -17.91 | -42.14 | 20.13 | -28.57 | -72.86 | 20.19 | -79.25 | -93.96 | 35.50 | 237.54 | 117.85 |
| 21Q3 (8) | 2.10 | -16.0 | 62.79 | 3.23 | 176.07 | 687.8 | 43.32 | 19.08 | -38.61 | 28.18 | -63.78 | -87.19 | 97.31 | -74.27 | -91.85 | -25.81 | 90.22 | 97.14 |
| 21Q2 (7) | 2.50 | 60.26 | 68.92 | 1.17 | 69.57 | 44.44 | 36.38 | -37.78 | -40.64 | 77.81 | -41.06 | -30.63 | 378.20 | -23.85 | -30.04 | -264.01 | 13.77 | 28.09 |
| 21Q1 (6) | 1.56 | 5.41 | -2.5 | 0.69 | -43.9 | -8.0 | 58.47 | -4.86 | 2.8 | 132.01 | 77.98 | 9.45 | 496.65 | 48.48 | 14.66 | -306.17 | -53.96 | -19.75 |
| 20Q4 (5) | 1.48 | 14.73 | 12.98 | 1.23 | 200.0 | 46.43 | 61.46 | -12.91 | -11.22 | 74.17 | -66.28 | -31.25 | 334.49 | -72.0 | 11.49 | -198.86 | 78.0 | -61.78 |
| 20Q3 (4) | 1.29 | -12.84 | 0.0 | 0.41 | -49.38 | 0.0 | 70.57 | 15.14 | 0.0 | 219.99 | 96.12 | 0.0 | 1194.53 | 120.97 | 0.0 | -903.97 | -146.23 | 0.0 |
| 20Q2 (3) | 1.48 | -7.5 | 0.0 | 0.81 | 8.0 | 0.0 | 61.29 | 7.75 | 0.0 | 112.17 | -7.0 | 0.0 | 540.58 | 24.8 | 0.0 | -367.12 | -43.59 | 0.0 |
| 20Q1 (2) | 1.60 | 22.14 | 0.0 | 0.75 | -10.71 | 0.0 | 56.88 | -17.84 | 0.0 | 120.61 | 11.8 | 0.0 | 433.15 | 44.37 | 0.0 | -255.67 | -108.0 | 0.0 |
| 19Q4 (1) | 1.31 | 0.0 | 0.0 | 0.84 | 0.0 | 0.0 | 69.23 | 0.0 | 0.0 | 107.88 | 0.0 | 0.0 | 300.03 | 0.0 | 0.0 | -122.92 | 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) | 3.33 | -63.33 | 7.12 | -70.68 | 109.56 | 172.54 | 51.26 | 241.05 | 16.58 | 140.64 | 144.24 | 198.39 |
| 2022 (9) | 9.08 | -49.07 | 24.28 | 256.01 | 40.20 | 96.38 | 15.03 | -71.91 | 6.89 | -95.95 | 48.34 | 0 |
| 2021 (8) | 17.83 | 255.89 | 6.82 | 139.3 | 20.47 | -71.88 | 53.51 | -58.18 | 169.98 | -58.38 | -95.99 | 0 |
| 2020 (7) | 5.01 | -14.51 | 2.85 | 48.44 | 72.80 | 16.97 | 127.94 | -32.59 | 408.40 | 22.2 | -207.66 | 0 |
| 2019 (6) | 5.86 | -40.87 | 1.92 | -31.67 | 62.24 | 68.95 | 189.80 | 46.22 | 334.21 | 101.7 | -82.17 | 0 |
| 2018 (5) | 9.91 | 12.23 | 2.81 | -18.55 | 36.84 | -10.91 | 129.80 | 22.74 | 165.70 | 67.56 | 0.94 | -98.05 |
| 2017 (4) | 8.83 | 71.12 | 3.45 | -36.7 | 41.35 | -41.53 | 105.75 | 57.79 | 98.89 | 50.36 | 48.21 | -33.01 |
| 2016 (3) | 5.16 | -1.71 | 5.45 | 0 | 70.72 | 1.65 | 67.02 | 0 | 65.77 | 30.32 | 71.97 | 276.81 |
| 2015 (2) | 5.25 | 4.17 | 0.00 | 0 | 69.57 | -3.91 | 0.00 | 0 | 50.47 | -0.57 | 19.10 | -11.74 |
| 2014 (1) | 5.04 | -34.63 | 0.00 | 0 | 72.40 | 52.84 | 0.00 | 0 | 50.76 | 94.78 | 21.64 | -16.42 |
