- 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) | 1.25 | 22.55 | 35.87 | 1.72 | 53.57 | 44.54 | 72.87 | -18.07 | -26.39 | 52.86 | -35.16 | -30.89 | 57.09 | -13.08 | 8.89 | 68.64 | -34.5 | -44.23 |
| 24Q2 (19) | 1.02 | 4.08 | 25.93 | 1.12 | 0.9 | 2.75 | 88.94 | -4.5 | -20.84 | 81.52 | -0.94 | -2.46 | 65.68 | 16.08 | 20.47 | 104.79 | -11.82 | -25.9 |
| 24Q1 (18) | 0.98 | 15.29 | 3.16 | 1.11 | 19.35 | -12.6 | 93.13 | -12.64 | -2.7 | 82.29 | -15.5 | 14.47 | 56.58 | -19.25 | 13.82 | 118.84 | -11.26 | 0.81 |
| 23Q4 (17) | 0.85 | -7.61 | -23.42 | 0.93 | -21.85 | -26.19 | 106.60 | 7.68 | 29.59 | 97.39 | 27.32 | 34.48 | 70.07 | 33.64 | 22.71 | 133.92 | 8.82 | 37.24 |
| 23Q3 (16) | 0.92 | 13.58 | -22.69 | 1.19 | 9.17 | -0.83 | 99.00 | -11.89 | 29.43 | 76.49 | -8.48 | 1.22 | 52.43 | -3.83 | -14.98 | 123.07 | -12.98 | 36.14 |
| 23Q2 (15) | 0.81 | -14.74 | -30.17 | 1.09 | -14.17 | 5.83 | 112.36 | 17.4 | 43.24 | 83.58 | 16.26 | -5.24 | 54.52 | 9.68 | -24.27 | 141.42 | 19.96 | 49.41 |
| 23Q1 (14) | 0.95 | -14.41 | -21.49 | 1.27 | 0.79 | 18.69 | 95.71 | 16.35 | 27.1 | 71.89 | -0.73 | -15.1 | 49.71 | -12.94 | -28.57 | 117.89 | 20.81 | 30.42 |
| 22Q4 (13) | 1.11 | -6.72 | 0.91 | 1.26 | 5.0 | 14.55 | 82.26 | 7.54 | -0.47 | 72.42 | -4.17 | -12.36 | 57.10 | -7.41 | -13.77 | 97.58 | 7.94 | -1.5 |
| 22Q3 (12) | 1.19 | 2.59 | -9.16 | 1.20 | 16.5 | -1.64 | 76.49 | -2.49 | 9.8 | 75.57 | -14.32 | 1.07 | 61.67 | -14.34 | 1.53 | 90.40 | -4.49 | 8.02 |
| 22Q2 (11) | 1.16 | -4.13 | -34.09 | 1.03 | -3.74 | -30.87 | 78.44 | 4.17 | 52.1 | 88.20 | 4.16 | 44.45 | 71.99 | 3.45 | 46.98 | 94.65 | 4.71 | 48.7 |
| 22Q1 (10) | 1.21 | 10.0 | 17.48 | 1.07 | -2.73 | -10.08 | 75.30 | -8.89 | -14.84 | 84.68 | 2.48 | 10.55 | 69.59 | 5.09 | 2.69 | 90.39 | -8.76 | -7.05 |
| 21Q4 (9) | 1.10 | -16.03 | -9.84 | 1.10 | -9.84 | -27.15 | 82.65 | 18.65 | 10.47 | 82.63 | 10.51 | 36.8 | 66.22 | 9.02 | 11.24 | 99.07 | 18.38 | 30.87 |
| 21Q3 (8) | 1.31 | -25.57 | -10.88 | 1.22 | -18.12 | -21.29 | 69.66 | 35.08 | 12.81 | 74.77 | 22.45 | 27.72 | 60.74 | 24.01 | 21.53 | 83.69 | 31.48 | 19.03 |
| 21Q2 (7) | 1.76 | 70.87 | 62.96 | 1.49 | 25.21 | 36.7 | 51.57 | -41.68 | -39.0 | 61.06 | -20.29 | -27.12 | 48.98 | -27.73 | -28.1 | 63.65 | -34.55 | -36.48 |
| 21Q1 (6) | 1.03 | -15.57 | 30.38 | 1.19 | -21.19 | 5.31 | 88.42 | 18.18 | -23.2 | 76.60 | 26.82 | -4.5 | 67.77 | 13.84 | -16.43 | 97.25 | 28.47 | -14.88 |
| 20Q4 (5) | 1.22 | -17.01 | 28.42 | 1.51 | -2.58 | -13.22 | 74.82 | 21.17 | -22.21 | 60.40 | 3.18 | 15.27 | 59.53 | 19.11 | -4.96 | 75.70 | 7.67 | -11.92 |
| 20Q3 (4) | 1.47 | 36.11 | 0.0 | 1.55 | 42.2 | 0.0 | 61.75 | -26.96 | 0.0 | 58.54 | -30.13 | 0.0 | 49.98 | -26.63 | 0.0 | 70.31 | -29.83 | 0.0 |
| 20Q2 (3) | 1.08 | 36.71 | 0.0 | 1.09 | -3.54 | 0.0 | 84.54 | -26.57 | 0.0 | 83.78 | 4.45 | 0.0 | 68.12 | -15.99 | 0.0 | 100.20 | -12.3 | 0.0 |
| 20Q1 (2) | 0.79 | -16.84 | 0.0 | 1.13 | -35.06 | 0.0 | 115.13 | 19.7 | 0.0 | 80.21 | 53.07 | 0.0 | 81.09 | 29.45 | 0.0 | 114.25 | 32.94 | 0.0 |
| 19Q4 (1) | 0.95 | 0.0 | 0.0 | 1.74 | 0.0 | 0.0 | 96.18 | 0.0 | 0.0 | 52.40 | 0.0 | 0.0 | 62.64 | 0.0 | 0.0 | 85.94 | 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) | 3.30 | -34.52 | 4.04 | -23.34 | 110.70 | 52.75 | 90.44 | 30.54 | 61.67 | 19.91 | 139.46 | 54.41 |
| 2022 (9) | 5.04 | -10.64 | 5.27 | -8.82 | 72.47 | 11.97 | 69.28 | 9.74 | 51.43 | 0.02 | 90.32 | 18.19 |
| 2021 (8) | 5.64 | 54.52 | 5.78 | 6.84 | 64.72 | -35.21 | 63.13 | -6.43 | 51.42 | -27.27 | 76.42 | -20.94 |
| 2020 (7) | 3.65 | -20.31 | 5.41 | -14.13 | 99.89 | 25.3 | 67.47 | 16.49 | 70.70 | 22.94 | 96.66 | 20.64 |
| 2019 (6) | 4.58 | 6.76 | 6.30 | 4.83 | 79.72 | -6.31 | 57.92 | -4.6 | 57.51 | -5.69 | 80.12 | -5.54 |
| 2018 (5) | 4.29 | 17.86 | 6.01 | -1.15 | 85.09 | -15.15 | 60.71 | 1.2 | 60.98 | -16.29 | 84.82 | -2.97 |
| 2017 (4) | 3.64 | -15.15 | 6.08 | -36.13 | 100.28 | 17.74 | 59.99 | 56.43 | 72.85 | 20.73 | 87.42 | 38.37 |
| 2016 (3) | 4.29 | 8.61 | 9.52 | -11.44 | 85.17 | -7.75 | 38.35 | 12.99 | 60.34 | -19.58 | 63.18 | 23.3 |
| 2015 (2) | 3.95 | 20.06 | 10.75 | -3.24 | 92.33 | -16.83 | 33.94 | 3.29 | 75.03 | 2.6 | 51.24 | -27.57 |
| 2014 (1) | 3.29 | 14.63 | 11.11 | 33.86 | 111.02 | -12.86 | 32.86 | -25.27 | 73.13 | 8.44 | 70.74 | -31.93 |
