- 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) | 50.41 | -48.18 | 115.8 | 0.07 | -41.67 | 250.0 | 1.81 | 92.55 | -53.59 | 1284.11 | 66.16 | -70.66 | 37.62 | 59.0 | -61.06 | 1248.30 | 66.42 | -70.86 |
| 24Q2 (19) | 97.27 | 622.66 | 1183.25 | 0.12 | 200.0 | 1100.0 | 0.94 | -86.09 | -92.17 | 772.83 | -62.84 | -91.4 | 23.66 | -65.01 | -89.66 | 750.10 | -62.84 | -91.45 |
| 24Q1 (18) | 13.46 | -64.48 | 274.93 | 0.04 | -66.67 | 300.0 | 6.76 | 181.67 | -73.31 | 2079.46 | 174.35 | -67.49 | 67.61 | 220.12 | -67.42 | 2018.61 | 173.07 | -67.52 |
| 23Q4 (17) | 37.89 | 62.2 | 24.72 | 0.12 | 500.0 | 0.0 | 2.40 | -38.46 | -20.0 | 757.95 | -82.68 | -3.92 | 21.12 | -78.14 | 6.88 | 739.24 | -82.74 | -4.26 |
| 23Q3 (16) | 23.36 | 208.18 | 3056.76 | 0.02 | 100.0 | 0 | 3.90 | -67.53 | -96.83 | 4376.23 | -51.3 | -94.42 | 96.62 | -57.77 | -92.63 | 4283.51 | -51.15 | -94.46 |
| 23Q2 (15) | 7.58 | 111.14 | 25166.67 | 0.01 | 0.0 | 0 | 12.01 | -52.59 | -99.54 | 8985.48 | 40.48 | -99.4 | 228.80 | 10.25 | -99.26 | 8768.68 | 41.11 | -99.4 |
| 23Q1 (14) | 3.59 | -88.18 | 17850.0 | 0.01 | -91.67 | 0 | 25.33 | 744.33 | -99.45 | 6396.40 | 710.83 | -99.31 | 207.53 | 950.25 | -98.99 | 6214.20 | 704.84 | -99.32 |
| 22Q4 (13) | 30.38 | 4005.41 | 101166.67 | 0.12 | 0 | 0 | 3.00 | -97.56 | -99.91 | 788.87 | -98.99 | 0 | 19.76 | -98.49 | 0 | 772.10 | -99.0 | 0 |
| 22Q3 (12) | 0.74 | 2366.67 | 131.25 | 0.00 | 0 | -100.0 | 122.85 | -95.34 | -56.91 | 78477.80 | -94.75 | 346.64 | 1310.52 | -95.77 | 209.45 | 77290.10 | -94.73 | 343.37 |
| 22Q2 (11) | 0.03 | 50.0 | -99.57 | 0.00 | 0 | -100.0 | 2638.00 | -42.84 | 20333.77 | 1494020.00 | 61.46 | 216814.45 | 30977.00 | 50.81 | 199880.63 | 1465680.00 | 61.17 | 213499.93 |
| 22Q1 (10) | 0.02 | -33.33 | -99.81 | 0.00 | 0 | -100.0 | 4614.87 | 41.55 | 53374.74 | 925312.00 | 0 | 118926.5 | 20540.60 | 0 | 141266.83 | 909386.00 | 0 | 117772.46 |
| 21Q4 (9) | 0.03 | -90.63 | -99.74 | 0.00 | -100.0 | -100.0 | 3260.26 | 1043.63 | 41169.11 | 0.00 | -100.0 | -100.0 | 0.00 | -100.0 | -100.0 | 0.00 | -100.0 | -100.0 |
| 21Q3 (8) | 0.32 | -95.46 | -79.08 | 0.01 | -92.31 | 0 | 285.08 | 2108.21 | 380.58 | 17570.90 | 2451.09 | -70.53 | 423.50 | 2634.02 | -70.64 | 17432.50 | 2440.51 | -70.07 |
| 21Q2 (7) | 7.05 | -33.11 | 130.39 | 0.13 | 8.33 | 550.0 | 12.91 | 49.59 | -56.53 | 688.76 | -11.4 | -83.28 | 15.49 | 6.61 | -87.1 | 686.18 | -11.06 | -82.97 |
| 21Q1 (6) | 10.54 | -8.51 | 131.14 | 0.12 | 50.0 | 0.0 | 8.63 | 9.24 | -56.76 | 777.40 | -31.25 | -1.32 | 14.53 | -29.47 | -62.02 | 771.50 | -31.0 | 0.26 |
| 20Q4 (5) | 11.52 | 652.94 | 0.61 | 0.08 | 0 | -70.37 | 7.90 | -86.68 | -0.63 | 1130.76 | -98.1 | 237.04 | 20.60 | -98.57 | 0.0 | 1118.05 | -98.08 | 246.31 |
| 20Q3 (4) | 1.53 | -50.0 | 0.0 | 0.00 | -100.0 | 0.0 | 59.32 | 99.73 | 0.0 | 59631.10 | 1347.8 | 0.0 | 1442.45 | 1101.14 | 0.0 | 58247.90 | 1345.94 | 0.0 |
| 20Q2 (3) | 3.06 | -32.89 | 0.0 | 0.02 | -83.33 | 0.0 | 29.70 | 48.8 | 0.0 | 4118.75 | 422.83 | 0.0 | 120.09 | 213.88 | 0.0 | 4028.37 | 423.52 | 0.0 |
| 20Q1 (2) | 4.56 | -60.17 | 0.0 | 0.12 | -55.56 | 0.0 | 19.96 | 151.07 | 0.0 | 787.78 | 134.81 | 0.0 | 38.26 | 85.73 | 0.0 | 769.48 | 138.34 | 0.0 |
| 19Q4 (1) | 11.45 | 0.0 | 0.0 | 0.27 | 0.0 | 0.0 | 7.95 | 0.0 | 0.0 | 335.50 | 0.0 | 0.0 | 20.60 | 0.0 | 0.0 | 322.85 | 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) | 28.18 | 41.04 | 0.18 | 38.46 | 12.95 | -29.12 | 2083.00 | -27.55 | 73.42 | -14.52 | 2022.52 | -27.96 |
| 2022 (9) | 19.98 | -26.38 | 0.13 | -45.83 | 18.27 | 35.84 | 2874.96 | 86.95 | 85.89 | 200.95 | 2807.34 | 84.36 |
| 2021 (8) | 27.14 | 164.78 | 0.24 | 20.0 | 13.45 | -62.23 | 1537.84 | -14.66 | 28.54 | -49.97 | 1522.75 | -14.48 |
| 2020 (7) | 10.25 | -18.39 | 0.20 | -47.37 | 35.61 | 22.58 | 1801.95 | 85.39 | 57.05 | 5.55 | 1780.50 | 88.02 |
| 2019 (6) | 12.56 | -32.29 | 0.38 | 22.58 | 29.05 | 47.61 | 971.98 | -18.28 | 54.05 | 20.24 | 946.98 | -18.65 |
| 2018 (5) | 18.55 | -13.72 | 0.31 | 14.81 | 19.68 | 15.97 | 1189.38 | -13.31 | 44.95 | -17.33 | 1164.11 | -12.77 |
| 2017 (4) | 21.50 | 33.04 | 0.27 | -41.3 | 16.97 | -24.88 | 1371.99 | 71.31 | 54.37 | 26.15 | 1334.59 | 71.03 |
| 2016 (3) | 16.16 | 30.32 | 0.46 | 76.92 | 22.59 | -23.27 | 800.86 | -42.05 | 43.10 | -55.09 | 780.34 | -40.68 |
| 2015 (2) | 12.40 | -45.18 | 0.26 | 23.81 | 29.44 | 82.4 | 1381.90 | -21.33 | 95.96 | -15.12 | 1315.38 | -20.74 |
| 2014 (1) | 22.62 | -55.24 | 0.21 | -56.25 | 16.14 | 123.55 | 1756.50 | 132.5 | 113.05 | 204.88 | 1659.60 | 128.71 |
