- 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 | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 23Q4 (20) | 0.80 | -16.67 | -39.39 | 0.58 | -4.92 | 11.54 | 114.38 | 20.76 | 66.52 | 157.00 | 5.33 | -11.01 | 68.49 | 25.53 | 80.86 | 202.89 | 7.22 | -2.09 |
| 23Q3 (19) | 0.96 | -8.57 | -12.73 | 0.61 | 8.93 | 74.29 | 94.72 | 9.5 | 14.76 | 149.06 | -8.5 | -42.81 | 54.56 | 0.39 | -19.22 | 189.23 | -2.98 | -31.35 |
| 23Q2 (18) | 1.05 | 23.53 | -3.67 | 0.56 | 21.74 | 47.37 | 86.50 | -19.26 | 3.65 | 162.90 | -16.8 | -32.55 | 54.35 | -2.37 | -31.83 | 195.05 | -21.12 | -20.46 |
| 23Q1 (17) | 0.85 | -35.61 | -1.16 | 0.46 | -11.54 | 24.32 | 107.13 | 55.96 | 1.17 | 195.79 | 10.98 | -20.25 | 55.67 | 47.0 | -37.35 | 247.26 | 19.32 | -5.81 |
| 22Q4 (16) | 1.32 | 20.0 | 62.96 | 0.52 | 48.57 | 30.0 | 68.69 | -16.78 | -38.86 | 176.42 | -32.31 | -21.74 | 37.87 | -43.93 | -48.4 | 207.23 | -24.82 | -21.61 |
| 22Q3 (15) | 1.10 | 0.92 | 77.42 | 0.35 | -7.89 | 6.06 | 82.54 | -1.09 | -43.75 | 260.64 | 7.93 | -5.13 | 67.54 | -15.29 | 8.66 | 275.64 | 12.41 | -23.29 |
| 22Q2 (14) | 1.09 | 26.74 | -7.63 | 0.38 | 2.7 | -30.91 | 83.45 | -21.19 | 8.22 | 241.50 | -1.63 | 44.95 | 79.73 | -10.27 | 94.32 | 245.22 | -6.59 | 20.98 |
| 22Q1 (13) | 0.86 | 6.17 | -9.47 | 0.37 | -7.5 | 8.82 | 105.89 | -5.74 | 10.5 | 245.49 | 8.9 | -8.53 | 88.86 | 21.08 | 22.31 | 262.52 | -0.7 | -9.96 |
| 21Q4 (12) | 0.81 | 30.65 | -30.77 | 0.40 | 21.21 | -16.67 | 112.34 | -23.44 | 44.4 | 225.42 | -17.95 | 18.53 | 73.39 | 18.07 | 48.65 | 264.36 | -26.43 | 20.93 |
| 21Q3 (11) | 0.62 | -47.46 | -38.0 | 0.33 | -40.0 | -17.5 | 146.73 | 90.29 | 61.76 | 274.74 | 64.9 | 19.36 | 62.16 | 51.5 | -0.02 | 359.32 | 77.28 | 38.89 |
| 21Q2 (10) | 1.18 | 24.21 | 34.09 | 0.55 | 61.76 | 44.74 | 77.11 | -19.53 | -25.03 | 166.61 | -37.92 | -30.42 | 41.03 | -43.52 | -44.64 | 202.69 | -30.48 | -24.43 |
| 21Q1 (9) | 0.95 | -18.8 | 9.2 | 0.34 | -29.17 | -15.0 | 95.83 | 23.17 | -8.33 | 268.39 | 41.12 | 19.33 | 72.65 | 47.15 | -25.31 | 291.57 | 33.37 | 25.57 |
| 20Q4 (8) | 1.17 | 17.0 | 5.41 | 0.48 | 20.0 | -12.73 | 77.80 | -14.23 | -4.94 | 190.18 | -17.37 | 15.34 | 49.37 | -20.59 | -48.77 | 218.61 | -15.5 | 45.41 |
| 20Q3 (7) | 1.00 | 13.64 | 0.0 | 0.40 | 5.26 | -36.51 | 90.71 | -11.8 | -0.81 | 230.17 | -3.88 | 60.41 | 62.17 | -16.11 | -43.99 | 258.70 | -3.54 | 108.73 |
| 20Q2 (6) | 0.88 | 1.15 | -20.0 | 0.38 | -5.0 | -54.22 | 102.85 | -1.62 | 24.29 | 239.46 | 6.46 | 118.25 | 74.11 | -23.81 | -35.91 | 268.20 | 15.5 | 249.13 |
| 20Q1 (5) | 0.87 | -21.62 | 2.35 | 0.40 | -27.27 | -61.9 | 104.54 | 27.74 | -1.79 | 224.92 | 36.41 | 160.66 | 97.27 | 0.93 | -13.2 | 232.20 | 54.45 | 187.8 |
| 19Q4 (4) | 1.11 | 11.0 | 0.0 | 0.55 | -12.7 | 0.0 | 81.84 | -10.51 | 0.0 | 164.88 | 14.91 | 0.0 | 96.37 | -13.18 | 0.0 | 150.34 | 21.3 | 0.0 |
| 19Q3 (3) | 1.00 | -9.09 | 0.0 | 0.63 | -24.1 | 0.0 | 91.45 | 10.51 | 0.0 | 143.49 | 30.78 | 0.0 | 111.00 | -4.01 | 0.0 | 123.94 | 61.34 | 0.0 |
| 19Q2 (2) | 1.10 | 29.41 | 0.0 | 0.83 | -20.95 | 0.0 | 82.75 | -22.26 | 0.0 | 109.72 | 27.15 | 0.0 | 115.64 | 3.19 | 0.0 | 76.82 | -4.78 | 0.0 |
| 19Q1 (1) | 0.85 | 0.0 | 0.0 | 1.05 | 0.0 | 0.0 | 106.45 | 0.0 | 0.0 | 86.29 | 0.0 | 0.0 | 112.06 | 0.0 | 0.0 | 80.68 | 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) | 3.83 | 0.26 | 1.94 | 10.86 | 95.26 | -0.31 | 188.35 | -9.74 | 64.18 | -6.95 | 219.43 | -6.73 |
| 2022 (9) | 3.82 | -8.61 | 1.75 | -1.13 | 95.56 | 9.32 | 208.67 | 1.22 | 68.97 | 5.96 | 235.27 | 2.98 |
| 2021 (8) | 4.18 | 12.06 | 1.77 | 5.99 | 87.41 | -10.66 | 206.15 | -5.92 | 65.09 | -22.13 | 228.47 | -2.1 |
| 2020 (7) | 3.73 | 5.07 | 1.67 | -46.65 | 97.84 | -4.76 | 219.12 | 87.76 | 83.59 | -6.82 | 233.37 | 79.9 |
| 2019 (6) | 3.55 | -8.51 | 3.13 | -48.86 | 102.73 | 9.16 | 116.70 | 95.51 | 89.71 | 2.51 | 129.72 | 95.69 |
| 2018 (5) | 3.88 | 20.87 | 6.12 | 15.69 | 94.11 | -17.16 | 59.69 | -13.47 | 87.51 | -24.16 | 66.29 | -1.34 |
| 2017 (4) | 3.21 | 16.3 | 5.29 | -9.73 | 113.60 | -13.99 | 68.98 | 10.76 | 115.39 | -5.35 | 67.19 | -7.25 |
| 2016 (3) | 2.76 | -47.33 | 5.86 | -25.16 | 132.08 | 89.66 | 62.28 | 33.68 | 121.91 | 10.57 | 72.44 | 1113.4 |
| 2015 (2) | 5.24 | 1.95 | 7.83 | 13.81 | 69.64 | -1.86 | 46.59 | -12.18 | 110.26 | -5.54 | 5.97 | -18.11 |
| 2014 (1) | 5.14 | -10.61 | 6.88 | -22.08 | 70.96 | 11.73 | 53.05 | 28.33 | 116.73 | 49.9 | 7.29 | -72.98 |
