- 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) | 12.00 | -45.65 | -27.75 | 0.16 | -44.83 | 100.0 | 7.58 | 83.98 | 38.32 | 579.71 | 83.49 | -52.05 | 33.26 | 94.73 | 13.55 | 554.03 | 82.87 | -53.25 |
| 24Q2 (19) | 22.08 | 899.1 | 623.93 | 0.29 | 1350.0 | 0 | 4.12 | -89.97 | -86.21 | 315.93 | -94.62 | -98.95 | 17.08 | -94.39 | -97.49 | 302.97 | -94.6 | -98.97 |
| 24Q1 (18) | 2.21 | -93.2 | 0 | 0.02 | -90.48 | 0 | 41.09 | 1367.5 | -99.88 | 5869.48 | 1267.25 | -99.96 | 304.49 | 1786.56 | -99.93 | 5606.08 | 1247.78 | -99.96 |
| 23Q4 (17) | 32.51 | 95.73 | 1357.85 | 0.21 | 162.5 | 2000.0 | 2.80 | -48.91 | -93.13 | 429.29 | -64.49 | -94.81 | 16.14 | -44.9 | -95.86 | 415.95 | -64.9 | -94.75 |
| 23Q3 (16) | 16.61 | 444.59 | 18355.56 | 0.08 | 0 | 0 | 5.48 | -81.66 | -99.48 | 1209.02 | -95.98 | -99.94 | 29.29 | -95.69 | -99.97 | 1185.21 | -95.98 | -99.94 |
| 23Q2 (15) | 3.05 | 0 | 208.08 | 0.00 | 0 | 0 | 29.88 | -99.91 | -67.53 | 30099.90 | -99.78 | -49.05 | 679.78 | -99.84 | -69.98 | 29450.00 | -99.78 | -48.25 |
| 23Q1 (14) | 0.00 | -100.0 | -100.0 | 0.00 | -100.0 | -100.0 | 34640.60 | 84949.35 | 218867.13 | 13913500.00 | 168027.39 | 289125.27 | 434364.00 | 111195.48 | 188827.84 | 13513700.00 | 170397.93 | 293898.5 |
| 22Q4 (13) | 2.23 | 2377.78 | -97.81 | 0.01 | 0 | -91.67 | 40.73 | -96.17 | 4425.56 | 8275.57 | -99.58 | 959.42 | 390.28 | -99.59 | 1204.41 | 7926.02 | -99.58 | 953.84 |
| 22Q3 (12) | 0.09 | -90.91 | 125.0 | 0.00 | 0 | 0 | 1062.07 | 1054.05 | -53.74 | 1978960.00 | 3249.67 | 40.06 | 94060.20 | 4053.92 | 76.18 | 1885960.00 | 3214.11 | 38.49 |
| 22Q2 (11) | 0.99 | -82.78 | -2.94 | 0.00 | -100.0 | -100.0 | 92.03 | 481.73 | 2.95 | 59079.30 | 1128.1 | 397.3 | 2264.37 | 884.89 | 337.21 | 56906.90 | 1138.04 | 396.94 |
| 22Q1 (10) | 5.75 | -94.34 | 560.92 | 0.02 | -83.33 | -60.0 | 15.82 | 1657.78 | -84.82 | 4810.61 | 515.84 | 155.29 | 229.91 | 668.42 | 153.54 | 4596.52 | 511.15 | 142.19 |
| 21Q4 (9) | 101.65 | 254025.0 | 3609.85 | 0.12 | 0 | -14.29 | 0.90 | -99.96 | -97.29 | 781.14 | -99.94 | 16.76 | 29.92 | -99.94 | -16.63 | 752.11 | -99.94 | 12.88 |
| 21Q3 (8) | 0.04 | -96.08 | -99.37 | 0.00 | -100.0 | -100.0 | 2295.94 | 2468.45 | 15944.3 | 1412930.00 | 11793.35 | 30725.3 | 53387.90 | 10208.34 | 25531.52 | 1361840.00 | 11792.24 | 30923.53 |
| 21Q2 (7) | 1.02 | 17.24 | -37.8 | 0.01 | -80.0 | 0.0 | 89.39 | -14.24 | 61.3 | 11880.00 | 530.45 | 58.65 | 517.91 | 471.14 | 52.08 | 11451.50 | 503.37 | 58.98 |
| 21Q1 (6) | 0.87 | -68.25 | -18.69 | 0.05 | -64.29 | 0.0 | 104.23 | 214.23 | 22.51 | 1884.36 | 181.66 | -3.34 | 90.68 | 152.66 | -11.6 | 1897.91 | 184.84 | -1.76 |
| 20Q4 (5) | 2.74 | -56.92 | -26.93 | 0.14 | 600.0 | -6.67 | 33.17 | 131.8 | 36.5 | 669.03 | -85.4 | 13.57 | 35.89 | -82.77 | 12.05 | 666.31 | -84.82 | 14.62 |
| 20Q3 (4) | 6.36 | 287.8 | 0.0 | 0.02 | 100.0 | 0.0 | 14.31 | -74.18 | 0.0 | 4583.67 | -38.79 | 0.0 | 208.29 | -38.84 | 0.0 | 4389.70 | -39.06 | 0.0 |
| 20Q2 (3) | 1.64 | 53.27 | 0.0 | 0.01 | -80.0 | 0.0 | 55.42 | -34.86 | 0.0 | 7488.29 | 284.12 | 0.0 | 340.56 | 231.99 | 0.0 | 7203.14 | 272.84 | 0.0 |
| 20Q1 (2) | 1.07 | -71.47 | 0.0 | 0.05 | -66.67 | 0.0 | 85.08 | 250.12 | 0.0 | 1949.46 | 230.94 | 0.0 | 102.58 | 220.26 | 0.0 | 1931.97 | 232.33 | 0.0 |
| 19Q4 (1) | 3.75 | 0.0 | 0.0 | 0.15 | 0.0 | 0.0 | 24.30 | 0.0 | 0.0 | 589.07 | 0.0 | 0.0 | 32.03 | 0.0 | 0.0 | 581.34 | 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) | 36.03 | 594.22 | 0.31 | 933.33 | 10.13 | -85.59 | 1169.66 | -90.32 | 48.35 | -90.78 | 1131.44 | -90.27 |
| 2022 (9) | 5.19 | 25.97 | 0.03 | -83.33 | 70.29 | -20.61 | 12084.80 | 491.81 | 524.60 | 342.85 | 11630.40 | 478.02 |
| 2021 (8) | 4.12 | 63.49 | 0.18 | -18.18 | 88.54 | -38.77 | 2042.02 | 21.8 | 118.46 | 14.29 | 2012.11 | 17.15 |
| 2020 (7) | 2.52 | -48.99 | 0.22 | -4.35 | 144.60 | 95.64 | 1676.58 | 6.51 | 103.65 | 1.46 | 1717.54 | 11.1 |
| 2019 (6) | 4.94 | -94.01 | 0.23 | -43.9 | 73.91 | 1568.4 | 1574.14 | 75.37 | 102.16 | 61.72 | 1545.89 | 84.28 |
| 2018 (5) | 82.43 | -22.49 | 0.41 | -57.29 | 4.43 | 29.15 | 897.62 | 134.86 | 63.17 | 211.03 | 838.88 | 129.63 |
| 2017 (4) | 106.35 | 8912.71 | 0.96 | 2300.0 | 3.43 | -98.89 | 382.20 | -96.16 | 20.31 | -96.93 | 365.32 | -96.2 |
| 2016 (3) | 1.18 | -67.04 | 0.04 | -80.0 | 310.11 | 204.42 | 9954.88 | 451.41 | 661.63 | 364.04 | 9603.36 | 444.21 |
| 2015 (2) | 3.58 | 250.98 | 0.20 | 233.33 | 101.87 | -71.57 | 1805.35 | -71.97 | 142.58 | -67.77 | 1764.64 | -72.24 |
| 2014 (1) | 1.02 | -56.22 | 0.06 | -73.91 | 358.35 | 128.83 | 6441.40 | 314.02 | 442.43 | 166.81 | 6357.32 | 311.05 |
