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)0.9015.383.450.7912.86-5.95101.64-12.7-3.26115.60-10.997.2198.05-19.154.32119.18-4.690.24
24Q3 (19)0.788.33-7.140.70-12.5-10.26116.43-7.546.91129.8814.6811.31121.274.5143.89125.051.57-11.5
24Q2 (18)0.72-11.11-18.180.80-15.79-1.23125.9212.3521.9113.2518.670.99116.0434.51127.31123.121.56-25.1
24Q1 (17)0.81-6.947.270.9513.166.67112.086.67-32.1295.43-11.5-40.0286.27-8.21-33.53121.231.96-37.65
23Q4 (16)0.873.5720.830.847.690.0105.07-3.52-17.03107.83-7.58-0.193.9911.52-28.73118.90-15.8515.79
23Q3 (15)0.84-4.55-28.810.78-3.7-39.53108.905.4241.1116.684.0566.084.2865.093.15141.30-14.05114.87
23Q2 (14)0.8860.014.290.8142.112.53103.30-37.44-12.42112.14-29.52-2.8851.05-60.67-51.65164.39-15.4528.6
23Q1 (13)0.55-23.61-26.670.57-32.14-25.0165.1130.3936.11159.1047.432.47129.79-1.5811.1194.4289.3356.05
22Q4 (12)0.72-38.98-12.20.84-34.889.09126.6364.0713.49107.9453.56-8.97131.8761.39-0.37102.6956.165.01
22Q3 (11)1.1853.2525.531.2963.2927.7277.18-34.57-20.2470.29-39.13-22.181.71-22.62-22.7565.76-48.56-19.02
22Q2 (10)0.772.67-9.410.793.95-26.17117.95-2.7710.2115.47-3.8636.22105.59-9.616.3127.832.638.24
22Q1 (9)0.75-8.54-2.60.76-1.3-28.3121.318.723.02120.101.2940.19116.82-11.744.91124.5927.4135.32
21Q4 (8)0.82-12.77-1.20.77-23.76-37.9111.5815.322.0118.5731.4161.23132.3625.1333.9997.7920.4216.21
21Q3 (7)0.9410.59-11.321.01-5.61-23.4896.76-9.612.8790.236.4430.82105.786.4928.2681.21-12.1812.45
21Q2 (6)0.8510.39-12.371.070.943.88107.03-9.114.2384.77-1.05-3.699.33-10.794.292.470.437.15
21Q1 (5)0.77-7.232.671.06-14.5217.78117.757.64-2.8785.6716.49-14.81111.3512.73-1.592.079.41-15.34
20Q4 (4)0.83-21.70.01.24-6.060.0109.3927.60.073.546.630.098.7819.780.084.1516.520.0
20Q3 (3)1.069.280.01.3228.160.085.73-8.510.068.97-21.570.082.47-13.490.072.22-16.320.0
20Q2 (2)0.9729.330.01.0314.440.093.70-22.710.087.94-12.550.095.33-15.670.086.30-20.640.0
20Q1 (1)0.750.00.00.900.00.0121.230.00.0100.560.00.0113.040.00.0108.750.00.0
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)3.1159.493.3032.0117.33-37.24110.44-24.3790.83-38.22136.94-26.35
2023 (9)1.95-44.762.50-32.07186.9480.76146.0247.2147.0238.78185.9492.33
2022 (8)3.5316.53.687.29103.42-14.2699.20-6.83105.94-14.8296.68-5.88
2021 (7)3.03-14.893.43-26.87120.6217.48106.4736.69124.3724.12102.7227.81
2020 (6)3.5610.94.6915.8102.67-9.7677.89-13.6100.20-20.4380.373.05
2019 (5)3.21-24.474.05-20.12113.7832.4390.1525.3125.9312.677.9969.4
2018 (4)4.25-18.895.07-3.885.9223.4371.953.97111.84-2.646.0491.99
2017 (3)5.244.85.27-12.4669.61-4.6769.2014.06114.836.5723.98-7.56
2016 (2)5.0016.826.02-1.4773.02-14.4160.671.51107.75-1.0225.94-28.36
2015 (1)4.28-9.326.11-31.585.3110.3559.7746.14108.8622.1836.2124.35

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。