- 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) | 14.56 | 13.4 | 57.24 | 0.00 | 0 | 0 | 6.25 | -11.85 | -36.42 | 35596.60 | 7.96 | 30.53 | 323.85 | -15.49 | 63.17 | 35279.00 | 8.23 | 30.26 |
| 24Q2 (19) | 12.84 | 93.37 | 13.93 | 0.00 | 0 | 0 | 7.09 | -48.29 | -12.25 | 32973.20 | 3.49 | 13.88 | 383.19 | -58.15 | 113.31 | 32597.10 | 5.29 | 13.25 |
| 24Q1 (18) | 6.64 | -67.35 | -37.24 | 0.00 | -100.0 | 0 | 13.71 | 206.71 | 59.42 | 31861.20 | 687.01 | 8.98 | 915.57 | 777.32 | 400.23 | 30959.40 | 684.08 | 6.53 |
| 23Q4 (17) | 20.34 | 119.65 | -42.18 | 0.02 | 0 | 0.0 | 4.47 | -54.53 | 72.59 | 4048.40 | -85.15 | 6.34 | 104.36 | -47.42 | 610.9 | 3948.51 | -85.42 | 4.04 |
| 23Q3 (16) | 9.26 | -17.83 | -77.48 | 0.00 | 0 | -100.0 | 9.83 | 21.66 | 344.8 | 27271.10 | -5.82 | 299.7 | 198.48 | 10.49 | 17310.53 | 27082.50 | -5.91 | 296.87 |
| 23Q2 (15) | 11.27 | 6.52 | -34.36 | 0.00 | 0 | -100.0 | 8.08 | -6.05 | 52.45 | 28955.60 | -0.96 | 76.82 | 179.64 | -1.85 | 640.78 | 28784.10 | -0.96 | 75.98 |
| 23Q1 (14) | 10.58 | -69.93 | -13.91 | 0.00 | -100.0 | 0 | 8.60 | 232.05 | 16.06 | 29236.60 | 667.95 | 33.99 | 183.03 | 1146.8 | 65.29 | 29062.20 | 665.8 | 33.82 |
| 22Q4 (13) | 35.18 | -14.45 | 521.55 | 0.02 | 100.0 | -33.33 | 2.59 | 17.19 | -83.89 | 3807.12 | -44.2 | 23.79 | 14.68 | 1187.72 | -56.79 | 3795.03 | -44.39 | 24.12 |
| 22Q3 (12) | 41.12 | 139.49 | 327.89 | 0.01 | 0.0 | 0 | 2.21 | -58.3 | -76.66 | 6822.87 | -58.33 | -92.78 | 1.14 | -95.3 | -99.93 | 6823.95 | -58.28 | -92.66 |
| 22Q2 (11) | 17.17 | 39.71 | -54.82 | 0.01 | 0 | 0.0 | 5.30 | -28.48 | 121.76 | 16375.30 | -24.95 | 10.07 | 24.25 | -78.1 | -93.56 | 16356.30 | -24.69 | 12.77 |
| 22Q1 (10) | 12.29 | 117.14 | -65.06 | 0.00 | -100.0 | -100.0 | 7.41 | -53.92 | 186.1 | 21820.50 | 609.53 | 193.37 | 110.73 | 225.96 | -69.92 | 21717.20 | 610.3 | 207.07 |
| 21Q4 (9) | 5.66 | -41.1 | -10.16 | 0.03 | 0 | -25.0 | 16.08 | 69.8 | 11.28 | 3075.36 | -96.75 | 51.01 | 33.97 | -97.85 | -69.47 | 3057.47 | -96.71 | 57.63 |
| 21Q3 (8) | 9.61 | -74.71 | 116.93 | 0.00 | -100.0 | -100.0 | 9.47 | 296.23 | -53.87 | 94516.20 | 535.28 | 15481.82 | 1578.78 | 319.34 | 7053.51 | 92946.90 | 540.85 | 15262.36 |
| 21Q2 (7) | 38.00 | 8.05 | 4771.79 | 0.01 | 0.0 | 0.0 | 2.39 | -7.72 | -97.96 | 14877.80 | 100.03 | 90.14 | 376.49 | 2.26 | 24.52 | 14503.70 | 105.08 | 89.86 |
| 21Q1 (6) | 35.17 | 458.25 | 693.91 | 0.01 | -75.0 | -91.67 | 2.59 | -82.08 | -87.4 | 7437.96 | 265.24 | 880.23 | 368.17 | 230.88 | 929.56 | 7072.37 | 264.62 | 851.1 |
| 20Q4 (5) | 6.30 | 42.21 | 505.77 | 0.04 | -73.33 | 300.0 | 14.45 | -29.62 | -83.45 | 2036.48 | 235.73 | -71.58 | 111.27 | 404.17 | -71.9 | 1939.66 | 220.59 | -71.71 |
| 20Q3 (4) | 4.43 | 467.95 | 0.0 | 0.15 | 1400.0 | 0.0 | 20.53 | -82.47 | 0.0 | 606.58 | -92.25 | 0.0 | 22.07 | -92.7 | 0.0 | 605.03 | -92.08 | 0.0 |
| 20Q2 (3) | 0.78 | -82.39 | 0.0 | 0.01 | -91.67 | 0.0 | 117.14 | 469.75 | 0.0 | 7824.49 | 931.17 | 0.0 | 302.36 | 745.53 | 0.0 | 7639.27 | 927.34 | 0.0 |
| 20Q1 (2) | 4.43 | 325.96 | 0.0 | 0.12 | 1100.0 | 0.0 | 20.56 | -76.45 | 0.0 | 758.80 | -89.41 | 0.0 | 35.76 | -90.97 | 0.0 | 743.60 | -89.15 | 0.0 |
| 19Q4 (1) | 1.04 | 0.0 | 0.0 | 0.01 | 0.0 | 0.0 | 87.32 | 0.0 | 0.0 | 7164.46 | 0.0 | 0.0 | 395.97 | 0.0 | 0.0 | 6855.80 | 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) | 40.30 | -42.11 | 0.03 | -57.14 | 9.06 | 72.9 | 11318.70 | 103.47 | 299.03 | 560.11 | 11028.70 | 99.7 |
| 2022 (9) | 69.61 | 105.4 | 0.07 | 75.0 | 5.24 | -51.35 | 5562.70 | -34.48 | 45.30 | -81.47 | 5522.64 | -33.11 |
| 2021 (8) | 33.89 | 58.22 | 0.04 | -87.5 | 10.77 | -36.8 | 8490.47 | 651.35 | 244.44 | 291.1 | 8256.80 | 661.29 |
| 2020 (7) | 21.42 | -60.16 | 0.32 | -79.22 | 17.04 | 150.96 | 1130.03 | 377.87 | 62.50 | 367.46 | 1084.58 | 371.76 |
| 2019 (6) | 53.76 | 6377.11 | 1.54 | 1183.33 | 6.79 | -98.45 | 236.47 | -92.06 | 13.37 | -93.21 | 229.90 | -92.86 |
| 2018 (5) | 0.83 | -75.73 | 0.12 | -71.43 | 437.60 | 310.16 | 2978.17 | 238.83 | 197.05 | 201.48 | 3218.72 | 249.76 |
| 2017 (4) | 3.42 | -81.36 | 0.42 | 500.0 | 106.69 | 436.4 | 878.95 | -83.58 | 65.36 | -80.16 | 920.27 | -81.76 |
| 2016 (3) | 18.35 | 761.5 | 0.07 | 600.0 | 19.89 | -88.41 | 5354.29 | -81.1 | 329.47 | -83.19 | 5044.70 | -80.99 |
| 2015 (2) | 2.13 | -55.62 | 0.01 | -96.88 | 171.54 | 125.74 | 28332.40 | 2345.65 | 1959.94 | 1202.89 | 26544.00 | 2348.62 |
| 2014 (1) | 4.80 | -37.66 | 0.32 | -17.95 | 75.99 | 60.32 | 1158.48 | 23.52 | 150.43 | 109.78 | 1084.04 | 18.66 |
