- 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) | 2.75 | -87.47 | -78.53 | 0.02 | -84.62 | -75.0 | 33.05 | 696.39 | 364.84 | 5319.55 | 660.67 | 361.95 | 486.82 | 659.23 | 509.21 | 4865.77 | 661.05 | 351.07 |
| 24Q2 (19) | 21.94 | 980.79 | 1132.58 | 0.13 | 1200.0 | 1200.0 | 4.15 | -90.76 | -91.88 | 699.32 | -88.63 | -91.76 | 64.12 | -89.11 | -87.77 | 639.35 | -88.59 | -92.02 |
| 24Q1 (18) | 2.03 | -94.55 | -88.92 | 0.01 | -96.15 | -80.0 | 44.92 | 1740.98 | 803.82 | 6149.53 | 1626.18 | 246.26 | 588.78 | 1738.79 | 429.38 | 5605.67 | 1616.0 | 235.73 |
| 23Q4 (17) | 37.27 | 190.94 | 2158.79 | 0.26 | 225.0 | 2500.0 | 2.44 | -65.68 | -95.56 | 356.25 | -69.06 | -97.64 | 32.02 | -59.93 | -96.64 | 326.67 | -69.72 | -97.7 |
| 23Q3 (16) | 12.81 | 619.66 | 11.29 | 0.08 | 700.0 | 166.67 | 7.11 | -86.09 | -10.0 | 1151.53 | -86.43 | -61.6 | 79.91 | -84.76 | -58.19 | 1078.72 | -86.54 | -61.69 |
| 23Q2 (15) | 1.78 | -90.28 | -90.6 | 0.01 | -80.0 | -85.71 | 51.10 | 928.17 | 964.58 | 8485.18 | 377.78 | 559.51 | 524.25 | 371.36 | 570.14 | 8012.03 | 379.85 | 560.43 |
| 23Q1 (14) | 18.32 | 1010.3 | -50.58 | 0.05 | 400.0 | -54.55 | 4.97 | -90.96 | 102.86 | 1775.97 | -88.25 | 109.67 | 111.22 | -88.31 | 131.66 | 1669.71 | -88.26 | 108.33 |
| 22Q4 (13) | 1.65 | -85.66 | -96.0 | 0.01 | -66.67 | -90.0 | 55.00 | 596.2 | 2388.69 | 15114.00 | 403.97 | 1553.07 | 951.64 | 397.93 | 1831.48 | 14217.30 | 404.92 | 1539.37 |
| 22Q3 (12) | 11.51 | -39.23 | -62.05 | 0.03 | -57.14 | -62.5 | 7.90 | 64.58 | 163.33 | 2998.96 | 133.09 | 157.34 | 191.12 | 144.31 | 215.85 | 2815.74 | 132.1 | 154.16 |
| 22Q2 (11) | 18.94 | -48.91 | -65.79 | 0.07 | -36.36 | 0.0 | 4.80 | 95.92 | 192.68 | 1286.59 | 51.89 | -5.42 | 78.23 | 62.95 | 16.29 | 1213.16 | 51.37 | -6.3 |
| 22Q1 (10) | 37.07 | -10.05 | 14157.69 | 0.11 | 10.0 | 0 | 2.45 | 10.86 | -99.3 | 847.03 | -7.36 | -99.84 | 48.01 | -2.56 | -99.8 | 801.47 | -7.58 | -99.84 |
| 21Q4 (9) | 41.21 | 35.87 | 4105.1 | 0.10 | 25.0 | 0 | 2.21 | -26.33 | -97.62 | 914.30 | -21.54 | -98.1 | 49.27 | -18.58 | -97.51 | 867.24 | -21.72 | -98.12 |
| 21Q3 (8) | 30.33 | -45.22 | 247.82 | 0.08 | 14.29 | 700.0 | 3.00 | 82.93 | -71.26 | 1165.37 | -14.33 | -87.36 | 60.51 | -10.05 | -83.22 | 1107.86 | -14.43 | -87.51 |
| 21Q2 (7) | 55.37 | 21196.15 | 785.92 | 0.07 | 0 | 600.0 | 1.64 | -99.53 | -88.73 | 1360.32 | -99.75 | -86.62 | 67.27 | -99.72 | -82.44 | 1294.69 | -99.75 | -86.78 |
| 21Q1 (6) | 0.26 | -73.47 | -99.23 | 0.00 | 0 | -100.0 | 349.98 | 276.57 | 12910.41 | 535617.00 | 1013.41 | 34140.04 | 23697.20 | 1097.49 | 51382.08 | 512270.00 | 1008.33 | 33580.7 |
| 20Q4 (5) | 0.98 | -88.76 | -89.18 | 0.00 | -100.0 | -100.0 | 92.94 | 790.23 | 824.78 | 48105.90 | 421.61 | 1444.81 | 1978.90 | 448.69 | 2171.2 | 46219.90 | 420.94 | 1421.92 |
| 20Q3 (4) | 8.72 | 39.52 | 0.0 | 0.01 | 0.0 | 0.0 | 10.44 | -28.25 | 0.0 | 9222.55 | -9.26 | 0.0 | 360.66 | -5.85 | 0.0 | 8872.32 | -9.42 | 0.0 |
| 20Q2 (3) | 6.25 | -81.54 | 0.0 | 0.01 | -83.33 | 0.0 | 14.55 | 440.89 | 0.0 | 10163.70 | 549.73 | 0.0 | 383.06 | 732.2 | 0.0 | 9795.23 | 544.02 | 0.0 |
| 20Q1 (2) | 33.86 | 273.73 | 0.0 | 0.06 | 100.0 | 0.0 | 2.69 | -73.23 | 0.0 | 1564.30 | -49.77 | 0.0 | 46.03 | -47.17 | 0.0 | 1520.96 | -49.92 | 0.0 |
| 19Q4 (1) | 9.06 | 0.0 | 0.0 | 0.03 | 0.0 | 0.0 | 10.05 | 0.0 | 0.0 | 3114.04 | 0.0 | 0.0 | 87.13 | 0.0 | 0.0 | 3036.95 | 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) | 79.66 | -21.21 | 0.43 | 104.76 | 4.58 | 26.87 | 853.46 | -51.3 | 71.91 | -32.64 | 786.14 | -52.33 |
| 2022 (9) | 101.11 | -25.45 | 0.21 | -19.23 | 3.61 | 34.2 | 1752.32 | 26.44 | 106.76 | 50.83 | 1649.17 | 25.14 |
| 2021 (8) | 135.62 | 336.78 | 0.26 | 271.43 | 2.69 | -77.11 | 1385.92 | -73.77 | 70.78 | -61.58 | 1317.83 | -74.22 |
| 2020 (7) | 31.05 | -65.42 | 0.07 | -75.86 | 11.75 | 188.7 | 5283.75 | 319.55 | 184.22 | 450.57 | 5111.29 | 315.55 |
| 2019 (6) | 89.79 | 371.83 | 0.29 | 314.29 | 4.07 | -78.78 | 1259.39 | -75.77 | 33.46 | -85.42 | 1230.00 | -75.34 |
| 2018 (5) | 19.03 | -81.76 | 0.07 | -79.41 | 19.18 | 448.0 | 5197.20 | 387.7 | 229.52 | 312.58 | 4986.85 | 392.04 |
| 2017 (4) | 104.32 | 158.73 | 0.34 | 88.89 | 3.50 | -61.33 | 1065.65 | -47.95 | 55.63 | -52.92 | 1013.51 | -47.71 |
| 2016 (3) | 40.32 | -58.58 | 0.18 | -50.0 | 9.05 | 141.33 | 2047.18 | 104.65 | 118.16 | 66.89 | 1938.07 | 107.66 |
| 2015 (2) | 97.35 | -33.94 | 0.36 | 20.0 | 3.75 | 51.21 | 1000.32 | -16.54 | 70.80 | 25.84 | 933.27 | -18.47 |
| 2014 (1) | 147.37 | 1037.99 | 0.30 | 172.73 | 2.48 | -91.2 | 1198.54 | -63.73 | 56.26 | -59.47 | 1144.76 | -64.16 |
