玩股撇步(動畫小學堂)  

  • 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
平均收帳天數和平均銷貨天數-近20季
存貨銷售比
近3年股價
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
24Q4 (20)1.038.428.424.2810.594.1488.21-8.15-8.0321.26-9.61-4.0299.72-3.46-4.319.76-40.01-29.53
24Q3 (19)0.95-5.94-4.043.87-0.77-7.6496.046.364.2623.520.868.29103.296.93-1.0716.27-4.4172.72
24Q2 (18)1.018.62.023.905.41-7.5890.30-8.02-1.3323.32-5.138.2196.60-9.93-10.2817.029.81215.77
24Q1 (17)0.93-2.111.093.70-9.98-14.9498.172.36-0.5624.5810.9717.44107.252.92-4.7515.5011.91120.17
23Q4 (16)0.95-4.04-4.044.11-1.91-18.1395.914.113.9822.151.9822.17104.21-0.192.2613.8547.0363.71
23Q3 (15)0.990.04.214.19-0.71-12.1692.120.66-4.2921.720.7913.84104.41-3.03-3.19.4274.7724.27
23Q2 (14)0.997.610.04.22-2.99-7.6691.52-7.29-0.2521.552.968.18107.67-4.383.05.39-23.44-24.51
23Q1 (13)0.92-7.072.224.35-13.351.8798.727.03-2.0720.9315.44-1.83112.6010.49-1.667.04-16.78-7.73
22Q4 (12)0.994.213.135.025.24-7.8992.24-4.17-2.8518.13-4.988.5101.91-5.421.158.4611.61-22.39
22Q3 (11)0.95-4.043.264.774.38-12.6496.254.9-2.5919.08-4.2214.39107.753.082.667.586.16-28.08
22Q2 (10)0.9910.02.064.577.03-17.2191.75-8.99-2.5119.92-6.5720.87104.53-8.716.167.14-6.42-41.19
22Q1 (9)0.90-6.25-2.174.27-21.65-14.77100.816.171.4821.3227.5917.4114.5013.6512.547.63-30.0-51.56
21Q4 (8)0.964.35-1.035.45-0.18-8.5694.95-3.911.4716.710.189.5100.75-4.0112.1110.903.42-42.51
21Q3 (7)0.92-5.15-3.165.46-1.09-9.398.814.993.4616.681.2110.39104.966.615.0610.54-13.18-45.67
21Q2 (6)0.975.435.435.5210.18-3.594.11-5.26-4.7616.48-9.253.6598.46-3.220.9212.14-22.92-29.21
21Q1 (5)0.92-5.159.525.01-15.94-12.4199.346.17-8.3618.1619.014.07101.7413.21-2.1415.75-16.93-22.64
20Q4 (4)0.972.110.05.96-1.00.093.57-2.030.015.260.990.089.87-1.480.018.96-2.270.0
20Q3 (3)0.953.260.06.025.240.095.51-3.340.015.11-4.970.091.22-6.50.019.4013.120.0
20Q2 (2)0.929.520.05.720.00.098.81-8.850.015.90-0.130.097.56-6.160.017.15-15.770.0
20Q1 (1)0.840.00.05.720.00.0108.400.00.015.920.00.0103.960.00.020.360.00.0
平均收帳天數和平均銷貨天數-近10年
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
2024 (10)3.908.3317.71-1.7793.56-7.7420.611.83102.41-6.8911.760.86
2023 (9)3.600.018.03-12.31101.410.020.2414.03109.991.4711.668.36
2022 (8)3.60-2.4420.56-6.67101.412.4717.757.12108.407.4410.76-26.55
2021 (7)3.696.3422.03-4.5198.97-5.916.574.74100.89-1.314.65-21.91
2020 (6)3.474.8323.07-13.98105.17-4.6315.8216.24102.224.3318.76-27.6
2019 (5)3.315.0826.8211.7110.28-4.913.61-10.5297.98-1.8925.91-17.22
2018 (4)3.15-0.3224.0112.51115.960.4515.21-11.0599.87-2.7331.304.79
2017 (3)3.16-5.6721.34-7.66115.445.8817.108.3102.670.4929.8731.82
2016 (2)3.35-1.4723.1111.16109.031.6715.79-10.08102.17-11.5822.66144.97
2015 (1)3.40-3.1320.7952.08107.243.1217.56-34.23115.553.169.25-50.48

免責聲明

本網站所有資料僅供參考,如使用者依本資料交易發生交易損失需自行負責,本網站對資料內容錯誤﹑更新延誤不負任何責任。