- 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) | 1.39 | -19.65 | -32.2 | 0.01 | -50.0 | -75.0 | 65.30 | 24.4 | 47.14 | 17731.50 | 206.0 | 616.75 | 191.82 | 167.76 | 2754.46 | 17605.00 | 204.83 | 600.97 |
| 24Q2 (19) | 1.73 | 4.85 | 0 | 0.02 | 0.0 | 0 | 52.49 | -4.7 | -99.8 | 5794.56 | 30.03 | -99.97 | 71.64 | 23.35 | -99.29 | 5775.42 | 29.69 | -99.97 |
| 24Q1 (18) | 1.65 | 58.65 | 189.47 | 0.02 | -33.33 | 0 | 55.08 | -36.92 | -65.68 | 4456.40 | 33.02 | -91.71 | 58.08 | 111.28 | 200.62 | 4453.41 | 30.6 | -91.74 |
| 23Q4 (17) | 1.04 | -49.27 | -0.95 | 0.03 | -25.0 | 0 | 87.32 | 96.76 | 0.56 | 3350.25 | 35.43 | -84.22 | 27.49 | 309.08 | 137.19 | 3410.08 | 35.78 | -83.99 |
| 23Q3 (16) | 2.05 | 0 | 83.04 | 0.04 | 0 | 300.0 | 44.38 | -99.83 | -45.28 | 2473.86 | -99.99 | -86.17 | 6.72 | -99.93 | -40.27 | 2511.52 | -99.99 | -86.01 |
| 23Q2 (15) | 0.00 | -100.0 | -100.0 | 0.00 | 0 | -100.0 | 26268.70 | 16267.81 | 30031.57 | 19351100.00 | 35895.82 | 162793.53 | 10025.20 | 51790.27 | 56635.71 | 19367400.00 | 35831.83 | 161982.5 |
| 23Q1 (14) | 0.57 | -45.71 | -38.04 | 0.00 | 0 | -100.0 | 160.49 | 84.83 | 62.21 | 53759.30 | 153.29 | 550.35 | 19.32 | 66.7 | -40.3 | 53900.40 | 153.06 | 546.85 |
| 22Q4 (13) | 1.05 | -6.25 | -47.5 | 0.00 | -100.0 | -100.0 | 86.83 | 7.07 | 90.84 | 21224.30 | 18.66 | 530.95 | 11.59 | 3.02 | -74.17 | 21299.50 | 18.62 | 533.07 |
| 22Q3 (12) | 1.12 | 7.69 | -78.79 | 0.01 | 0.0 | 0 | 81.10 | -6.97 | 370.96 | 17886.20 | 50.56 | 0 | 11.25 | -36.33 | -25.6 | 17956.10 | 50.27 | 850900.0 |
| 22Q2 (11) | 1.04 | 13.04 | -90.21 | 0.01 | 0.0 | 0 | 87.18 | -11.89 | 917.27 | 11879.60 | 43.71 | 0 | 17.67 | -45.4 | 82.35 | 11949.10 | 43.4 | 1066983.93 |
| 22Q1 (10) | 0.92 | -54.0 | 0 | 0.01 | -66.67 | -100.0 | 98.94 | 117.45 | 0 | 8266.19 | 145.74 | 27553866.67 | 32.36 | -27.88 | -74.13 | 8332.77 | 147.67 | 6764.08 |
| 21Q4 (9) | 2.00 | -62.12 | -90.37 | 0.03 | 0 | -100.0 | 45.50 | 164.23 | 938.81 | 3363.85 | 0 | 6727600.0 | 44.87 | 196.76 | 155.52 | 3364.49 | 159354.5 | 25724.45 |
| 21Q3 (8) | 5.28 | -50.28 | -68.96 | 0.00 | 0 | -100.0 | 17.22 | 100.93 | 221.87 | 0.00 | 0 | -100.0 | 15.12 | 56.04 | 98.69 | 2.11 | 288.39 | 196.79 |
| 21Q2 (7) | 10.62 | 0 | -5.09 | 0.00 | -100.0 | -100.0 | 8.57 | 0 | 5.28 | 0.00 | -100.0 | -100.0 | 9.69 | -92.25 | 541.72 | -1.12 | 99.1 | -116.67 |
| 21Q1 (6) | 0.00 | -100.0 | -100.0 | 3422.00 | 102.53 | 73809.29 | 0.00 | -100.0 | -100.0 | 0.03 | -40.0 | -99.85 | 125.07 | 612.24 | 0 | -125.04 | -852.32 | -494.45 |
| 20Q4 (5) | 20.77 | 22.1 | 26.88 | 1689.60 | 56.16 | 21673.2 | 4.38 | -18.13 | -21.22 | 0.05 | -37.5 | -99.57 | 17.56 | 130.75 | 0 | -13.13 | -502.29 | -175.94 |
| 20Q3 (4) | 17.01 | 52.01 | 0.0 | 1082.00 | 10.46 | 0.0 | 5.35 | -34.28 | 0.0 | 0.08 | -11.11 | 0.0 | 7.61 | 403.97 | 0.0 | -2.18 | -132.44 | 0.0 |
| 20Q2 (3) | 11.19 | 48.02 | 0.0 | 979.54 | 21056.37 | 0.0 | 8.14 | -32.39 | 0.0 | 0.09 | -99.54 | 0.0 | 1.51 | 0 | 0.0 | 6.72 | -78.8 | 0.0 |
| 20Q1 (2) | 7.56 | -53.82 | 0.0 | 4.63 | -40.34 | 0.0 | 12.04 | 116.55 | 0.0 | 19.67 | 67.69 | 0.0 | 0.00 | 0 | 0.0 | 31.70 | 83.34 | 0.0 |
| 19Q4 (1) | 16.37 | 0.0 | 0.0 | 7.76 | 0.0 | 0.0 | 5.56 | 0.0 | 0.0 | 11.73 | 0.0 | 0.0 | 0.00 | 0.0 | 0.0 | 17.29 | 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) | 8.77 | 136.39 | 0.07 | 250.0 | 41.63 | -57.72 | 5549.95 | -65.67 | 34.83 | 44.1 | 5556.75 | -65.78 |
| 2022 (9) | 3.71 | -94.61 | 0.02 | -97.75 | 98.47 | 1757.92 | 16164.70 | 3827.19 | 24.17 | 350.93 | 16239.00 | 3845.81 |
| 2021 (8) | 68.88 | -29.31 | 0.89 | -95.28 | 5.30 | 41.33 | 411.61 | 2024.99 | 5.36 | 75.74 | 411.55 | 1951.6 |
| 2020 (7) | 97.44 | 331.72 | 18.85 | -67.34 | 3.75 | -76.81 | 19.37 | 206.49 | 3.05 | -79.72 | 20.06 | 168.9 |
| 2019 (6) | 22.57 | 1197.13 | 57.71 | 572.61 | 16.17 | -92.3 | 6.32 | -85.14 | 15.04 | -83.47 | 7.46 | -95.38 |
| 2018 (5) | 1.74 | -36.03 | 8.58 | -22.49 | 209.95 | 56.7 | 42.52 | 28.97 | 91.01 | 74.38 | 161.47 | 40.7 |
| 2017 (4) | 2.72 | -8.72 | 11.07 | 8.32 | 133.98 | 9.34 | 32.97 | -7.65 | 52.19 | 15.39 | 114.76 | 1.55 |
| 2016 (3) | 2.98 | 15.5 | 10.22 | 30.19 | 122.54 | -13.45 | 35.70 | -23.18 | 45.23 | -5.34 | 113.01 | -19.43 |
| 2015 (2) | 2.58 | -6.52 | 7.85 | -4.27 | 141.59 | 7.17 | 46.47 | 4.43 | 47.78 | -1.38 | 140.27 | 9.43 |
| 2014 (1) | 2.76 | -0.36 | 8.20 | 7.75 | 132.12 | 0.43 | 44.50 | -7.23 | 48.45 | -8.15 | 128.18 | 1.1 |
