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
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)2.50346.43262.321.57175.4433.0536.41-77.44-72.458.00-63.49-25.0718.51-93.43-81.5975.9096.38-30.25
24Q3 (19)0.56-79.49-62.910.5714.0-55.81161.38384.92168.47158.85-12.83124.78281.57-24.02509.238.65124.92-54.3
24Q2 (18)2.735360.0184.380.50-60.63-52.3833.28-98.04-65.03182.23154.09110.67370.59156.132303.31-155.08-109.56-193.28
24Q1 (17)0.05-92.75-91.941.277.63323.331694.681184.431059.2371.72-7.35-76.56144.6943.91271.191621.711390.41292.54
23Q4 (16)0.69-54.3176.01.18-8.53742.86131.94119.5-63.4177.419.54-87.88100.54117.52-17.06108.8128.66-87.61
23Q3 (15)1.5157.29259.521.2922.86416.060.11-36.84-72.270.67-18.3-80.4246.22199.74-61.8984.57-49.13-81.45
23Q2 (14)0.9654.8481.131.05250.052.1795.17-34.9-44.4786.50-71.72-34.2215.42-60.44-78.67166.25-59.76-27.91
23Q1 (13)0.62148.055.00.30114.29-67.74146.19-59.46-35.76305.92-52.11211.6538.98-67.84-47.93413.13-52.9664.69
22Q4 (12)0.25-40.48-69.140.14-44.0-93.97360.5966.74222.24638.8076.961528.76121.22-0.06206.27878.1792.61687.31
22Q3 (11)0.42-20.75-61.110.25-63.77-88.84216.2626.17156.02360.98174.53786.71121.2967.78165.11455.9497.72474.01
22Q2 (10)0.5332.5-54.70.69-25.81-68.06171.40-24.68120.56131.4933.95212.0372.29-3.4350.04230.60-8.08221.75
22Q1 (9)0.40-50.62-56.990.93-59.91-59.21227.56103.36131.6698.16150.28145.5874.8689.14143.84250.86124.91133.34
21Q4 (8)0.81-25.0-12.92.323.57136.73111.9032.4714.0839.22-3.66-57.9239.58-13.49-34.12111.5440.43-15.0
21Q3 (7)1.08-7.69-54.432.243.72.7584.478.7119.7540.71-3.39-2.4245.75-5.04188.6479.4310.8323.51
21Q2 (6)1.1725.8191.82.16-5.26500.077.71-20.89-48.1342.145.43-83.5248.1856.9421.371.67-33.34-80.41
21Q1 (5)0.930.045.312.28132.65245.4598.230.14-31.4439.97-57.12-71.0930.70-48.9-27.56107.51-18.07-55.04
20Q4 (4)0.93-60.760.00.98-55.050.098.09155.180.093.21123.420.060.08279.050.0131.22104.040.0
20Q3 (3)2.37288.520.02.18505.560.038.44-74.340.041.72-83.690.015.85-60.10.064.31-82.420.0
20Q2 (2)0.61-4.690.00.36-45.450.0149.814.560.0255.7384.960.039.72-6.280.0365.8352.980.0
20Q1 (1)0.640.00.00.660.00.0143.270.00.0138.260.00.042.380.00.0239.140.00.0
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)2.56-70.21.73-46.44142.84236.02211.0686.767.0634.04286.85171.82
2023 (9)8.59823.663.2370.042.51-89.15113.05-41.350.03-49.02105.53-78.3
2022 (8)0.93-72.321.90-76.34391.78260.56192.59323.4698.14178.1486.23309.11
2021 (7)3.3634.48.03178.82108.66-25.645.48-64.1735.29-38.38118.85-44.9
2020 (6)2.50-30.172.88-1.37146.0443.12126.931.5757.2738.57215.7016.17
2019 (5)3.58-20.442.9261.33102.0425.82124.97-38.0341.33-20.79185.68-19.48
2018 (4)4.50-7.791.81-29.5781.108.54201.6741.7252.18-2.32230.5940.95
2017 (3)4.88-24.222.57-58.1474.7231.87142.30139.253.4254.13163.60100.79
2016 (2)6.4461.46.1453.556.66-38.1359.49-34.7834.66-23.5281.48-40.73
2015 (1)3.99238.144.00-15.7991.58-70.5291.2218.745.32305.73137.48-63.47

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。