- 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) | 1.70 | -2.86 | 18.88 | 1.51 | 5.59 | 10.22 | 53.51 | 2.69 | -16.14 | 60.21 | -5.42 | -9.49 | 61.61 | -13.99 | -0.52 | 52.10 | 18.01 | -23.82 |
| 24Q2 (19) | 1.75 | 13.64 | 15.89 | 1.43 | 15.32 | 3.62 | 52.11 | -12.1 | -13.31 | 63.66 | -12.93 | -3.3 | 71.63 | -1.54 | 36.67 | 44.15 | -25.97 | -39.95 |
| 24Q1 (18) | 1.54 | 8.45 | 6.94 | 1.24 | -4.62 | 3.33 | 59.28 | -7.58 | -6.08 | 73.11 | 4.29 | -3.29 | 72.75 | 4.18 | 26.9 | 59.64 | -7.41 | -26.72 |
| 23Q4 (17) | 1.42 | -0.7 | 1.43 | 1.30 | -5.11 | 22.64 | 64.14 | 0.52 | -1.6 | 70.10 | 5.38 | -18.15 | 69.83 | 12.76 | 31.78 | 64.41 | -5.82 | -34.15 |
| 23Q3 (16) | 1.43 | -5.3 | 30.0 | 1.37 | -0.72 | 61.18 | 63.81 | 6.16 | -22.73 | 66.52 | 1.05 | -37.68 | 61.93 | 18.16 | -1.18 | 68.39 | -6.98 | -46.0 |
| 23Q2 (15) | 1.51 | 4.86 | 31.3 | 1.38 | 15.0 | 48.39 | 60.11 | -4.77 | -23.95 | 65.83 | -12.92 | -32.37 | 52.41 | -8.58 | -18.92 | 73.52 | -9.67 | -34.2 |
| 23Q1 (14) | 1.44 | 2.86 | 21.01 | 1.20 | 13.21 | 27.66 | 63.12 | -3.16 | -17.6 | 75.60 | -11.72 | -21.78 | 57.33 | 8.19 | -29.79 | 81.39 | -16.8 | -11.15 |
| 22Q4 (13) | 1.40 | 27.27 | 22.81 | 1.06 | 24.71 | -2.75 | 65.18 | -21.07 | -18.24 | 85.64 | -19.77 | 2.49 | 52.99 | -15.45 | -41.01 | 97.82 | -22.76 | 33.2 |
| 22Q3 (12) | 1.10 | -4.35 | -13.39 | 0.85 | -8.6 | -39.29 | 82.58 | 4.48 | 15.14 | 106.74 | 9.66 | 64.42 | 62.67 | -3.05 | -20.83 | 126.65 | 13.34 | 120.34 |
| 22Q2 (11) | 1.15 | -3.36 | -36.81 | 0.93 | -1.06 | -45.29 | 79.04 | 3.19 | 57.73 | 97.34 | 0.71 | 81.77 | 64.64 | -20.83 | -10.56 | 111.74 | 21.99 | 255.97 |
| 22Q1 (10) | 1.19 | 4.39 | -46.4 | 0.94 | -13.76 | -42.33 | 76.60 | -3.91 | 86.56 | 96.65 | 15.67 | 73.55 | 81.65 | -9.11 | 0.33 | 91.60 | 24.73 | 495.58 |
| 21Q4 (9) | 1.14 | -10.24 | -31.74 | 1.09 | -22.14 | -42.63 | 79.72 | 11.15 | 46.3 | 83.56 | 28.71 | 74.26 | 89.83 | 13.48 | 26.7 | 73.44 | 27.77 | 132.85 |
| 21Q3 (8) | 1.27 | -30.22 | 4.96 | 1.40 | -17.65 | -16.17 | 71.72 | 43.13 | -4.87 | 64.92 | 21.23 | 18.86 | 79.16 | 9.53 | 29.64 | 57.48 | 83.12 | -16.65 |
| 21Q2 (7) | 1.82 | -18.02 | 76.7 | 1.70 | 4.29 | 45.3 | 50.11 | 22.04 | -43.47 | 53.55 | -3.84 | -31.07 | 72.27 | -11.19 | 21.91 | 31.39 | 104.1 | -70.68 |
| 21Q1 (6) | 2.22 | 32.93 | 131.25 | 1.63 | -14.21 | 50.93 | 41.06 | -24.65 | -56.5 | 55.69 | 16.14 | -34.02 | 81.38 | 14.78 | 39.25 | 15.38 | -51.24 | -87.22 |
| 20Q4 (5) | 1.67 | 38.02 | 65.35 | 1.90 | 13.77 | 53.23 | 54.49 | -27.72 | -39.33 | 47.95 | -12.21 | -34.5 | 70.90 | 16.12 | 27.86 | 31.54 | -54.26 | -70.68 |
| 20Q3 (4) | 1.21 | 17.48 | 0.0 | 1.67 | 42.74 | 0.0 | 75.39 | -14.96 | 0.0 | 54.62 | -29.69 | 0.0 | 61.06 | 3.0 | 0.0 | 68.96 | -35.59 | 0.0 |
| 20Q2 (3) | 1.03 | 7.29 | 0.0 | 1.17 | 8.33 | 0.0 | 88.65 | -6.08 | 0.0 | 77.69 | -7.95 | 0.0 | 59.28 | 1.44 | 0.0 | 107.06 | -11.04 | 0.0 |
| 20Q1 (2) | 0.96 | -4.95 | 0.0 | 1.08 | -12.9 | 0.0 | 94.39 | 5.1 | 0.0 | 84.40 | 15.28 | 0.0 | 58.44 | 5.39 | 0.0 | 120.35 | 11.89 | 0.0 |
| 19Q4 (1) | 1.01 | 0.0 | 0.0 | 1.24 | 0.0 | 0.0 | 89.81 | 0.0 | 0.0 | 73.21 | 0.0 | 0.0 | 55.45 | 0.0 | 0.0 | 107.56 | 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) | 6.54 | 27.98 | 4.94 | 15.15 | 55.81 | -21.8 | 73.85 | -13.22 | 61.73 | -20.41 | 67.93 | -13.91 |
| 2022 (9) | 5.11 | -24.96 | 4.29 | -16.37 | 71.37 | 33.23 | 85.10 | 19.54 | 77.56 | -8.27 | 78.91 | 96.24 |
| 2021 (8) | 6.81 | 23.15 | 5.13 | -12.01 | 53.57 | -18.85 | 71.19 | 13.7 | 84.55 | 19.45 | 40.21 | -30.47 |
| 2020 (7) | 5.53 | 42.16 | 5.83 | 36.53 | 66.01 | -29.69 | 62.61 | -26.83 | 70.78 | 9.58 | 57.83 | -49.66 |
| 2019 (6) | 3.89 | -4.19 | 4.27 | 14.78 | 93.89 | 4.42 | 85.57 | -12.81 | 64.59 | -19.1 | 114.87 | 6.14 |
| 2018 (5) | 4.06 | -1.22 | 3.72 | 14.46 | 89.92 | 1.23 | 98.14 | -12.54 | 79.84 | -19.67 | 108.22 | 6.47 |
| 2017 (4) | 4.11 | -11.04 | 3.25 | -13.33 | 88.83 | 12.51 | 112.21 | 15.38 | 99.39 | 20.07 | 101.64 | 8.81 |
| 2016 (3) | 4.62 | 8.2 | 3.75 | -6.72 | 78.95 | -7.69 | 97.25 | 7.0 | 82.78 | 12.69 | 93.41 | -9.28 |
| 2015 (2) | 4.27 | 10.34 | 4.02 | -7.59 | 85.53 | -9.39 | 90.89 | 8.2 | 73.46 | 2.93 | 102.97 | -3.78 |
| 2014 (1) | 3.87 | 29.0 | 4.35 | 1.4 | 94.39 | -22.34 | 84.00 | -1.29 | 71.37 | -11.51 | 107.02 | -15.06 |
