- 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) | 0.93 | 2.2 | 20.78 | 0.81 | 3.85 | 50.0 | 97.56 | -2.75 | -17.04 | 111.79 | -4.42 | -33.98 | 64.80 | -8.14 | -29.57 | 144.55 | -1.49 | -25.85 |
| 24Q2 (19) | 0.91 | -15.74 | -9.9 | 0.78 | -16.13 | -2.5 | 100.32 | 18.68 | 11.68 | 116.96 | 19.8 | 3.42 | 70.54 | 22.72 | 3.69 | 146.74 | 17.7 | 8.78 |
| 24Q1 (18) | 1.08 | -10.0 | 86.21 | 0.93 | 38.81 | 29.17 | 84.53 | 11.72 | -46.24 | 97.63 | -28.36 | -23.0 | 57.48 | -16.32 | -26.73 | 124.67 | -12.98 | -39.36 |
| 23Q4 (17) | 1.20 | 55.84 | 81.82 | 0.67 | 24.07 | -57.59 | 75.66 | -35.66 | -45.21 | 136.28 | -19.52 | 136.35 | 68.69 | -25.34 | 31.09 | 143.26 | -26.51 | -0.06 |
| 23Q3 (16) | 0.77 | -23.76 | 30.51 | 0.54 | -32.5 | -61.15 | 117.60 | 30.91 | -23.19 | 169.34 | 49.74 | 159.33 | 92.00 | 35.23 | 56.57 | 194.94 | 44.52 | 22.1 |
| 23Q2 (15) | 1.01 | 74.14 | -13.68 | 0.80 | 11.11 | -68.75 | 89.83 | -42.87 | 15.03 | 113.09 | -10.81 | 217.94 | 68.03 | -13.28 | 155.66 | 134.89 | -34.39 | 54.96 |
| 23Q1 (14) | 0.58 | -12.12 | -72.64 | 0.72 | -54.43 | -63.08 | 157.23 | 13.87 | 267.02 | 126.80 | 119.91 | 171.11 | 78.45 | 49.71 | 277.16 | 205.58 | 43.42 | 198.76 |
| 22Q4 (13) | 0.66 | 11.86 | -39.45 | 1.58 | 13.67 | 25.4 | 138.08 | -9.82 | 65.42 | 57.66 | -11.7 | -20.32 | 52.40 | -10.82 | 22.46 | 143.34 | -10.22 | 26.8 |
| 22Q3 (12) | 0.59 | -49.57 | -35.16 | 1.39 | -45.7 | 69.51 | 153.11 | 96.07 | 53.52 | 65.30 | 83.58 | -41.28 | 58.76 | 120.82 | -59.27 | 159.65 | 83.4 | 139.5 |
| 22Q2 (11) | 1.17 | -44.81 | -43.75 | 2.56 | 31.28 | -87.17 | 78.09 | 82.28 | 78.57 | 35.57 | -23.95 | 680.04 | 26.61 | 27.93 | -94.86 | 87.05 | 26.51 | 118.55 |
| 22Q1 (10) | 2.12 | 94.5 | 107.84 | 1.95 | 54.76 | -88.58 | 42.84 | -48.68 | -52.19 | 46.77 | -35.36 | 777.49 | 20.80 | -51.39 | -96.84 | 68.81 | -39.13 | 112.24 |
| 21Q4 (9) | 1.09 | 19.78 | 26.74 | 1.26 | 53.66 | -96.83 | 83.47 | -16.3 | -21.23 | 72.36 | -34.93 | 3059.83 | 42.79 | -70.34 | -81.35 | 113.04 | 69.58 | 193.29 |
| 21Q3 (8) | 0.91 | -56.25 | 40.0 | 0.82 | -95.89 | -96.98 | 99.73 | 128.06 | -29.19 | 111.21 | 2338.82 | 3219.7 | 144.27 | -72.12 | -51.58 | 66.66 | 114.21 | 143.36 |
| 21Q2 (7) | 2.08 | 103.92 | 114.43 | 19.96 | 16.86 | -31.03 | 43.73 | -51.2 | -53.25 | 4.56 | -14.45 | 45.22 | 517.47 | -21.28 | 13.3 | -469.18 | 16.57 | -30.32 |
| 21Q1 (6) | 1.02 | 18.6 | -8.11 | 17.08 | -57.01 | -6.0 | 89.61 | -15.44 | 9.71 | 5.33 | 132.75 | 6.39 | 657.32 | 186.5 | 16.22 | -562.39 | -364.13 | -17.43 |
| 20Q4 (5) | 0.86 | 32.31 | -21.1 | 39.73 | 46.17 | 338.52 | 105.97 | -24.76 | 26.4 | 2.29 | -31.64 | -77.19 | 229.43 | -22.99 | -74.04 | -121.17 | 21.19 | 84.66 |
| 20Q3 (4) | 0.65 | -32.99 | 0.0 | 27.18 | -6.08 | 0.0 | 140.85 | 50.58 | 0.0 | 3.35 | 6.69 | 0.0 | 297.94 | -34.76 | 0.0 | -153.74 | 57.3 | 0.0 |
| 20Q2 (3) | 0.97 | -12.61 | 0.0 | 28.94 | 59.27 | 0.0 | 93.54 | 14.52 | 0.0 | 3.14 | -37.33 | 0.0 | 456.71 | -19.25 | 0.0 | -360.02 | 24.83 | 0.0 |
| 20Q1 (2) | 1.11 | 1.83 | 0.0 | 18.17 | 100.55 | 0.0 | 81.68 | -2.58 | 0.0 | 5.01 | -50.1 | 0.0 | 565.59 | -35.99 | 0.0 | -478.91 | 39.36 | 0.0 |
| 19Q4 (1) | 1.09 | 0.0 | 0.0 | 9.06 | 0.0 | 0.0 | 83.84 | 0.0 | 0.0 | 10.04 | 0.0 | 0.0 | 883.64 | 0.0 | 0.0 | -789.76 | 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) | 3.39 | -20.98 | 3.37 | -62.64 | 107.56 | 26.44 | 108.38 | 167.87 | 65.27 | 114.42 | 150.66 | 58.42 |
| 2022 (9) | 4.29 | 16.89 | 9.02 | 111.74 | 85.07 | -14.36 | 40.46 | -52.73 | 30.44 | -74.64 | 95.10 | 46.56 |
| 2021 (8) | 3.67 | -11.78 | 4.26 | -94.48 | 99.33 | 13.09 | 85.60 | 1709.73 | 120.03 | -70.71 | 64.89 | 0 |
| 2020 (7) | 4.16 | -15.62 | 77.20 | 48.55 | 87.83 | 18.61 | 4.73 | -32.62 | 409.83 | 3.55 | -317.28 | 0 |
| 2019 (6) | 4.93 | -34.79 | 51.97 | 65.56 | 74.05 | 53.38 | 7.02 | -39.64 | 395.78 | 45.75 | -314.70 | 0 |
| 2018 (5) | 7.56 | 6.18 | 31.39 | -25.03 | 48.28 | -5.8 | 11.63 | 33.37 | 271.54 | 65.83 | -211.64 | 0 |
| 2017 (4) | 7.12 | 22.34 | 41.87 | -5.76 | 51.25 | -18.31 | 8.72 | 6.08 | 163.75 | 7.21 | -103.78 | 0 |
| 2016 (3) | 5.82 | -34.53 | 44.43 | 14.25 | 62.74 | 52.76 | 8.22 | -12.46 | 152.74 | 76.88 | -81.78 | 0 |
| 2015 (2) | 8.89 | -30.33 | 38.89 | 203.59 | 41.07 | 43.6 | 9.39 | -67.04 | 86.35 | 13.92 | -35.90 | 0 |
| 2014 (1) | 12.76 | -55.77 | 12.81 | 25.71 | 28.60 | 126.09 | 28.49 | -20.42 | 75.80 | -7.36 | -18.70 | 0 |
