- 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) | 1.64 | 37.82 | 25.19 | 0.00 | 0 | -100.0 | 55.65 | -27.09 | -19.59 | 0.00 | 0 | -100.0 | 61.58 | -43.69 | 5.63 | -5.93 | 82.04 | -149.05 |
| 24Q2 (19) | 1.19 | -12.5 | 22.68 | 0.00 | 0 | -100.0 | 76.33 | 13.84 | -18.57 | 0.00 | 0 | -100.0 | 109.35 | 13.6 | 12.88 | -33.02 | -13.04 | -2193.06 |
| 24Q1 (18) | 1.36 | 19.3 | -40.87 | 0.00 | -100.0 | -100.0 | 67.05 | -16.03 | 69.66 | 0.00 | -100.0 | -100.0 | 96.26 | 30.13 | 97.66 | -29.21 | -543.25 | -255.79 |
| 23Q4 (17) | 1.14 | -12.98 | -79.16 | 128.95 | 67.25 | 81.57 | 79.85 | 15.37 | 379.87 | 0.71 | -39.83 | -44.53 | 73.97 | 26.88 | 72.75 | 6.59 | -45.49 | 126.47 |
| 23Q3 (16) | 1.31 | 35.05 | -48.02 | 77.10 | 42.59 | 26.0 | 69.21 | -26.17 | 91.88 | 1.18 | -29.76 | -20.81 | 58.30 | -39.82 | 30.25 | 12.09 | 939.58 | 267.92 |
| 23Q2 (15) | 0.97 | -57.83 | -54.88 | 54.07 | -42.29 | -22.0 | 93.74 | 137.2 | 121.61 | 1.68 | 73.2 | 28.24 | 96.87 | 98.91 | 146.36 | -1.44 | 82.46 | -133.57 |
| 23Q1 (14) | 2.30 | -57.95 | 37.72 | 93.69 | 31.92 | 21.69 | 39.52 | 137.5 | -27.65 | 0.97 | -24.22 | -17.8 | 48.70 | 13.73 | 10.28 | -8.21 | 67.03 | -170.53 |
| 22Q4 (13) | 5.47 | 117.06 | 246.2 | 71.02 | 16.06 | -48.65 | 16.64 | -53.87 | -71.08 | 1.28 | -14.09 | 93.94 | 42.82 | -4.33 | 16.77 | -24.90 | -245.83 | -215.71 |
| 22Q3 (12) | 2.52 | 17.21 | 59.49 | 61.19 | -11.73 | -55.76 | 36.07 | -14.73 | -37.3 | 1.49 | 13.74 | 125.76 | 44.76 | 13.84 | 22.06 | -7.20 | -267.83 | -133.46 |
| 22Q2 (11) | 2.15 | 28.74 | 31.1 | 69.32 | -9.96 | -52.24 | 42.30 | -22.56 | -23.89 | 1.31 | 11.02 | 107.94 | 39.32 | -10.96 | -25.32 | 4.29 | -63.14 | 20.51 |
| 22Q1 (10) | 1.67 | 5.7 | -36.5 | 76.99 | -44.34 | -38.4 | 54.62 | -5.06 | 57.68 | 1.18 | 78.79 | 61.64 | 44.16 | 20.43 | -33.92 | 11.64 | -45.91 | 137.0 |
| 21Q4 (9) | 1.58 | 0.0 | -66.81 | 138.31 | 0.0 | 3240.82 | 57.53 | 0.0 | 200.57 | 0.66 | 0.0 | -96.99 | 36.67 | 0.0 | -45.98 | 21.52 | 0.0 | 180.33 |
| 21Q3 (8) | 1.58 | -3.66 | -55.99 | 138.31 | -4.7 | 2893.72 | 57.53 | 3.51 | 126.76 | 0.66 | 4.76 | -96.65 | 36.67 | -30.35 | -56.12 | 21.52 | 504.49 | 155.91 |
| 21Q2 (7) | 1.64 | -37.64 | 23.31 | 145.13 | 16.12 | 40.24 | 55.58 | 60.45 | -18.74 | 0.63 | -13.7 | -28.41 | 52.65 | -21.22 | -71.2 | 3.56 | 111.32 | 103.14 |
| 21Q1 (6) | 2.63 | -44.75 | 121.01 | 124.98 | 2918.84 | 31.52 | 34.64 | 80.98 | -54.79 | 0.73 | -96.68 | -23.96 | 66.83 | -1.55 | -62.76 | -31.46 | -17.43 | 69.12 |
| 20Q4 (5) | 4.76 | 32.59 | 255.22 | 4.14 | -10.39 | -95.92 | 19.14 | -24.56 | -71.88 | 21.96 | 11.47 | 2340.0 | 67.88 | -18.76 | -57.88 | -26.79 | 30.4 | 70.94 |
| 20Q3 (4) | 3.59 | 169.92 | 0.0 | 4.62 | -95.54 | 0.0 | 25.37 | -62.91 | 0.0 | 19.70 | 2138.64 | 0.0 | 83.56 | -54.29 | 0.0 | -38.49 | 66.1 | 0.0 |
| 20Q2 (3) | 1.33 | 11.76 | 0.0 | 103.49 | 8.9 | 0.0 | 68.40 | -10.73 | 0.0 | 0.88 | -8.33 | 0.0 | 182.82 | 1.88 | 0.0 | -113.54 | -11.46 | 0.0 |
| 20Q1 (2) | 1.19 | -11.19 | 0.0 | 95.03 | -6.32 | 0.0 | 76.62 | 12.58 | 0.0 | 0.96 | 6.67 | 0.0 | 179.44 | 11.35 | 0.0 | -101.87 | -10.5 | 0.0 |
| 19Q4 (1) | 1.34 | 0.0 | 0.0 | 101.44 | 0.0 | 0.0 | 68.06 | 0.0 | 0.0 | 0.90 | 0.0 | 0.0 | 161.15 | 0.0 | 0.0 | -92.19 | 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) | 9.14 | 29.28 | 587.56 | 70.01 | 39.93 | -22.65 | 0.62 | -41.51 | 58.87 | 34.65 | -18.32 | 0 |
| 2022 (9) | 7.07 | -7.94 | 345.60 | -35.86 | 51.62 | 8.58 | 1.06 | 55.88 | 43.72 | -16.85 | 8.95 | 0 |
| 2021 (8) | 7.68 | -10.28 | 538.83 | -6.05 | 47.54 | 11.52 | 0.68 | 6.25 | 52.58 | -37.37 | -4.35 | 0 |
| 2020 (7) | 8.56 | 87.31 | 573.51 | 61.67 | 42.63 | -46.65 | 0.64 | -37.86 | 83.96 | -54.23 | -40.69 | 0 |
| 2019 (6) | 4.57 | -43.65 | 354.75 | 12.26 | 79.91 | 77.54 | 1.03 | -10.43 | 183.44 | 7.55 | -102.50 | 0 |
| 2018 (5) | 8.11 | -6.13 | 316.02 | -5.48 | 45.01 | 6.53 | 1.15 | 5.5 | 170.57 | 68.76 | -124.41 | 0 |
| 2017 (4) | 8.64 | 16.44 | 334.35 | 19.77 | 42.25 | -14.11 | 1.09 | -16.79 | 101.07 | 85.31 | -57.72 | 0 |
| 2016 (3) | 7.42 | 10.42 | 279.16 | 5.98 | 49.19 | -9.41 | 1.31 | -5.76 | 54.54 | 5.88 | -4.04 | 0 |
| 2015 (2) | 6.72 | 27.03 | 263.42 | 77.33 | 54.30 | -21.27 | 1.39 | -43.5 | 51.51 | -14.16 | 4.17 | -63.49 |
| 2014 (1) | 5.29 | 37.4 | 148.55 | 5262.82 | 68.97 | -27.21 | 2.46 | -98.13 | 60.01 | 89.01 | 11.42 | -94.13 |
