玩股撇步(動畫小學堂)  

  • 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
平均收帳天數和平均銷貨天數-近20季
存貨銷售比
近3年股價
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)0.640.016.361.2916.2243.33142.16-0.66-14.2670.79-13.71-30.1532.80-6.77-20.52180.14-5.18-20.25
24Q2 (19)0.64-8.57-31.181.116.7319.35143.1110.1846.982.04-6.28-16.6135.18-10.35-9.4189.986.6221.03
24Q1 (18)0.70-1.41-16.671.04-2.836.84129.891.519.5787.543.15-27.3239.247.51-7.37178.191.04-4.56
23Q4 (17)0.7129.0918.331.0718.8955.07127.97-22.82-15.9784.87-16.26-35.736.50-11.56-23.89176.35-21.92-25.38
23Q3 (16)0.55-40.86-20.290.90-3.237.14165.8070.1926.2101.353.02-6.3741.276.28-5.43225.8743.8915.25
23Q2 (15)0.9310.7132.860.9322.374.4997.42-10.32-25.3798.38-18.32-3.9138.83-8.33-4.74156.97-15.92-18.31
23Q1 (14)0.8440.012.00.7610.14-8.43108.63-28.67-10.19120.44-8.7610.442.36-11.681.22186.70-21.0-0.8
22Q4 (13)0.60-13.04-18.920.69-17.86-21.59152.2915.9223.83132.0021.9427.8247.969.910.76236.3320.5829.17
22Q3 (12)0.69-1.43-2.820.84-5.62-19.23131.380.652.65108.255.7323.2443.647.07-7.19195.992.016.09
22Q2 (11)0.70-6.67-11.390.897.23-23.93130.537.9113.86102.38-6.1532.0240.76-2.6-6.41192.152.129.26
22Q1 (10)0.751.357.140.83-5.68-22.43120.96-1.64-7.15109.095.6427.8141.85-3.35-2.36188.202.868.94
21Q4 (9)0.744.2332.140.88-15.38-27.87122.98-3.91-24.87103.2717.5738.943.30-7.9138.56182.968.38-11.52
21Q3 (8)0.71-10.13-12.351.04-11.11-36.2127.9911.6513.3887.8413.2757.2247.027.97105.78168.8213.5715.71
21Q2 (7)0.7912.86-10.231.179.35-31.98114.64-12.010.5677.55-9.1446.643.551.6187.8148.65-13.9611.43
21Q1 (6)0.7025.020.691.07-12.3-21.9130.28-20.41-16.7385.3514.7928.7142.8637.1521.69172.76-16.45-7.88
20Q4 (5)0.56-30.86-34.121.22-25.15-40.2163.6844.9952.2374.3533.0867.031.2536.766.47206.7841.7368.52
20Q3 (4)0.81-7.950.01.63-5.230.0112.898.870.055.875.610.022.85-1.470.0145.909.370.0
20Q2 (3)0.8851.720.01.7225.550.0103.69-33.720.052.90-20.220.023.19-34.160.0133.40-28.870.0
20Q1 (2)0.58-31.760.01.37-32.840.0156.4545.510.066.3148.940.035.2220.00.0187.5452.840.0
19Q4 (1)0.850.00.02.040.00.0107.520.00.044.520.00.029.350.00.0122.700.00.0
平均收帳天數和平均銷貨天數-近10年
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)3.111.973.8420.38117.38-1.9595.15-16.8736.68-9.1175.86-9.27
2022 (9)3.050.03.19-17.99119.71-0.05114.4622.0840.350.98193.8211.67
2021 (8)3.0511.313.89-31.87119.77-10.0893.7646.6639.969.69173.568.01
2020 (7)2.74-1.445.71-19.8133.191.3463.9324.6436.43-1.75160.6910.34
2019 (6)2.78-7.647.12-13.38131.438.4151.2915.4437.08-8.22145.6316.27
2018 (5)3.01-2.278.22-1.79121.232.1744.431.8340.40-1.99125.253.46
2017 (4)3.088.078.3721.83118.66-7.4143.63-17.9441.22-3.94121.06-12.54
2016 (3)2.85-4.366.87-8.64128.164.8153.179.5842.9112.74138.424.28
2015 (2)2.984.27.52-17.54122.28-4.1548.5221.338.06-9.87132.745.89
2014 (1)2.865.939.125.68127.58-5.4740.00-5.4442.23-20.55125.361.01

免責聲明

本網站所有資料僅供參考,如使用者依本資料交易發生交易損失需自行負責,本網站對資料內容錯誤﹑更新延誤不負任何責任。