- 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) | 0.81 | 24.62 | 55.77 | 1.83 | 29.79 | 20.39 | 112.64 | -19.98 | -35.49 | 49.78 | -23.01 | -16.64 | 85.07 | -15.14 | -25.66 | 77.34 | -26.47 | -35.5 |
| 24Q2 (19) | 0.65 | 47.73 | 30.0 | 1.41 | 18.49 | 11.02 | 140.77 | -31.86 | -23.06 | 64.66 | -15.23 | -9.49 | 100.25 | -26.35 | -16.59 | 105.18 | -28.32 | -21.64 |
| 24Q1 (18) | 0.44 | -34.33 | -13.73 | 1.19 | -40.2 | -0.83 | 206.58 | 51.12 | 15.67 | 76.28 | 66.95 | 0.85 | 136.12 | 40.24 | 8.24 | 146.73 | 71.98 | 14.2 |
| 23Q4 (17) | 0.67 | 28.85 | -16.25 | 1.99 | 30.92 | 19.88 | 136.70 | -21.72 | 19.48 | 45.69 | -23.49 | -16.47 | 97.06 | -15.18 | 0.15 | 85.32 | -28.84 | 18.19 |
| 23Q3 (16) | 0.52 | 4.0 | -41.57 | 1.52 | 19.69 | 3.4 | 174.62 | -4.56 | 71.38 | 59.72 | -16.41 | -3.69 | 114.43 | -4.79 | 19.36 | 119.90 | -10.67 | 76.25 |
| 23Q2 (15) | 0.50 | -1.96 | -58.33 | 1.27 | 5.83 | -23.49 | 182.97 | 2.45 | 140.4 | 71.44 | -5.55 | 30.63 | 120.19 | -4.43 | 74.59 | 134.22 | 4.47 | 116.62 |
| 23Q1 (14) | 0.51 | -36.25 | -50.49 | 1.20 | -27.71 | -24.05 | 178.60 | 56.11 | 102.22 | 75.64 | 38.28 | 31.11 | 125.76 | 29.77 | 93.72 | 128.48 | 77.97 | 58.44 |
| 22Q4 (13) | 0.80 | -10.11 | -33.88 | 1.66 | 12.93 | -12.63 | 114.41 | 12.29 | 52.65 | 54.70 | -11.79 | 14.34 | 96.91 | 1.08 | 81.04 | 72.19 | 6.11 | 4.25 |
| 22Q3 (12) | 0.89 | -25.83 | -3.26 | 1.47 | -11.45 | 5.0 | 101.89 | 33.87 | 2.79 | 62.01 | 13.38 | -4.36 | 95.87 | 39.26 | 24.49 | 68.03 | 9.8 | -21.76 |
| 22Q2 (11) | 1.20 | 16.5 | 10.09 | 1.66 | 5.06 | -6.74 | 76.11 | -13.82 | -8.76 | 54.69 | -5.2 | 7.21 | 68.84 | 6.04 | 10.98 | 61.96 | -23.59 | -14.42 |
| 22Q1 (10) | 1.03 | -14.88 | 4.04 | 1.58 | -16.84 | 0.64 | 88.32 | 17.84 | -4.03 | 57.69 | 20.59 | -0.67 | 64.92 | 21.28 | -1.64 | 81.09 | 17.1 | -3.59 |
| 21Q4 (9) | 1.21 | 31.52 | -17.69 | 1.90 | 35.71 | -9.52 | 74.95 | -24.38 | 21.1 | 47.84 | -26.22 | 10.61 | 53.53 | -30.49 | 26.43 | 69.25 | -20.36 | 10.27 |
| 21Q3 (8) | 0.92 | -15.6 | -28.12 | 1.40 | -21.35 | 2.94 | 99.12 | 18.82 | 39.74 | 64.84 | 27.11 | -2.86 | 77.01 | 24.15 | 77.85 | 86.95 | 20.1 | -7.87 |
| 21Q2 (7) | 1.09 | 10.1 | 19.78 | 1.78 | 13.38 | 63.3 | 83.42 | -9.36 | -16.14 | 51.01 | -12.17 | -38.76 | 62.03 | -6.02 | 0.93 | 72.40 | -13.92 | -40.33 |
| 21Q1 (6) | 0.99 | -32.65 | 4.21 | 1.57 | -25.24 | 18.94 | 92.03 | 48.7 | -3.91 | 58.08 | 34.29 | -15.8 | 66.00 | 55.88 | -5.82 | 84.11 | 33.93 | -11.15 |
| 20Q4 (5) | 1.47 | 14.84 | 31.25 | 2.10 | 54.41 | 19.32 | 61.89 | -12.74 | -23.79 | 43.25 | -35.21 | -16.38 | 42.34 | -2.22 | -33.42 | 62.80 | -33.46 | -9.43 |
| 20Q3 (4) | 1.28 | 40.66 | 0.0 | 1.36 | 24.77 | 0.0 | 70.93 | -28.7 | 0.0 | 66.75 | -19.87 | 0.0 | 43.30 | -29.55 | 0.0 | 94.38 | -22.21 | 0.0 |
| 20Q2 (3) | 0.91 | -4.21 | 0.0 | 1.09 | -17.42 | 0.0 | 99.48 | 3.87 | 0.0 | 83.30 | 20.76 | 0.0 | 61.46 | -12.3 | 0.0 | 121.33 | 28.16 | 0.0 |
| 20Q1 (2) | 0.95 | -15.18 | 0.0 | 1.32 | -25.0 | 0.0 | 95.77 | 17.93 | 0.0 | 68.98 | 33.37 | 0.0 | 70.08 | 10.21 | 0.0 | 94.67 | 36.53 | 0.0 |
| 19Q4 (1) | 1.12 | 0.0 | 0.0 | 1.76 | 0.0 | 0.0 | 81.21 | 0.0 | 0.0 | 51.72 | 0.0 | 0.0 | 63.59 | 0.0 | 0.0 | 69.34 | 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) | 2.23 | -15.21 | 6.04 | 3.42 | 163.76 | 18.02 | 60.40 | -3.31 | 123.55 | 18.73 | 100.61 | 3.54 |
| 2022 (9) | 2.63 | -38.26 | 5.84 | -22.85 | 138.76 | 61.95 | 62.47 | 29.55 | 104.06 | 90.17 | 97.17 | 22.72 |
| 2021 (8) | 4.26 | 17.03 | 7.57 | 30.52 | 85.68 | -14.49 | 48.22 | -23.39 | 54.72 | -20.16 | 79.18 | -16.31 |
| 2020 (7) | 3.64 | -31.71 | 5.80 | -23.58 | 100.20 | 46.23 | 62.94 | 30.93 | 68.54 | 78.12 | 94.61 | 21.11 |
| 2019 (6) | 5.33 | -8.89 | 7.59 | 14.31 | 68.52 | 9.81 | 48.07 | -12.49 | 38.48 | 204.19 | 78.12 | -25.37 |
| 2018 (5) | 5.85 | 22.13 | 6.64 | 44.66 | 62.40 | -18.06 | 54.93 | -30.97 | 12.65 | 8.21 | 104.68 | -27.32 |
| 2017 (4) | 4.79 | 16.55 | 4.59 | 19.53 | 76.15 | -14.26 | 79.57 | -16.2 | 11.69 | 19.65 | 144.03 | -17.22 |
| 2016 (3) | 4.11 | 7.03 | 3.84 | 34.74 | 88.82 | -6.65 | 94.95 | -25.73 | 9.77 | 14.94 | 173.99 | -18.89 |
| 2015 (2) | 3.84 | 2.13 | 2.85 | -7.47 | 95.15 | -1.99 | 127.85 | 7.82 | 8.50 | 17.4 | 214.50 | 2.92 |
| 2014 (1) | 3.76 | 0.27 | 3.08 | -9.41 | 97.08 | -0.36 | 118.58 | 10.3 | 7.24 | 16.59 | 208.42 | 4.88 |
