- 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) | 0.55 | -20.29 | 7.84 | 0.62 | 287.5 | 463.64 | 165.24 | 25.3 | -7.95 | 147.05 | -74.05 | -81.44 | 19.57 | -74.99 | -72.17 | 292.72 | -52.81 | -67.53 |
| 24Q2 (19) | 0.69 | -32.35 | 56.82 | 0.16 | -23.81 | -48.39 | 131.88 | 47.85 | -35.95 | 566.70 | 29.16 | 91.63 | 78.25 | 97.1 | 116.34 | 620.33 | 27.05 | 33.28 |
| 24Q1 (18) | 1.02 | 251.72 | 96.15 | 0.21 | 320.0 | 50.0 | 89.20 | -71.71 | -49.51 | 438.77 | -76.01 | -33.01 | 39.70 | -74.27 | -64.59 | 488.27 | -75.47 | -32.14 |
| 23Q4 (17) | 0.29 | -43.14 | -34.09 | 0.05 | -54.55 | -73.68 | 315.36 | 75.67 | 53.5 | 1829.15 | 130.82 | 277.18 | 154.31 | 119.41 | 111.85 | 1990.19 | 120.73 | 222.27 |
| 23Q3 (16) | 0.51 | 15.91 | 0.0 | 0.11 | -64.52 | -69.44 | 179.52 | -12.81 | 1.47 | 792.45 | 167.96 | 216.04 | 70.33 | 94.44 | 161.74 | 901.64 | 93.71 | 124.97 |
| 23Q2 (15) | 0.44 | -15.38 | -34.33 | 0.31 | 121.43 | 47.62 | 205.89 | 16.54 | 51.66 | 295.73 | -54.85 | -30.22 | 36.17 | -67.74 | -12.12 | 465.45 | -35.32 | -10.22 |
| 23Q1 (14) | 0.52 | 18.18 | -33.33 | 0.14 | -26.32 | -51.72 | 176.67 | -14.0 | 50.5 | 655.01 | 35.06 | 110.04 | 112.11 | 53.91 | 99.09 | 719.57 | 16.52 | 92.95 |
| 22Q4 (13) | 0.44 | -13.73 | 33.33 | 0.19 | -47.22 | -38.71 | 205.44 | 16.12 | -24.63 | 484.96 | 93.41 | 65.65 | 72.84 | 171.08 | -68.36 | 617.56 | 54.09 | 84.27 |
| 22Q3 (12) | 0.51 | -23.88 | 292.31 | 0.36 | 71.43 | -26.53 | 176.92 | 30.32 | -74.74 | 250.74 | -40.84 | 34.16 | 26.87 | -34.72 | -96.09 | 400.78 | -22.69 | 100.68 |
| 22Q2 (11) | 0.67 | -14.1 | -34.31 | 0.21 | -27.59 | -97.75 | 135.76 | 15.65 | 51.91 | 423.81 | 35.9 | 4255.7 | 41.16 | -26.9 | -13.04 | 518.41 | 39.01 | 901.37 |
| 22Q1 (10) | 0.78 | 136.36 | 16.42 | 0.29 | -6.45 | -96.32 | 117.39 | -56.93 | -14.04 | 311.85 | 6.52 | 2602.34 | 56.31 | -75.54 | 2.14 | 372.93 | 11.28 | 301.09 |
| 21Q4 (9) | 0.33 | 153.85 | -63.33 | 0.31 | -36.73 | -95.61 | 272.58 | -61.08 | 170.23 | 292.77 | 56.65 | 2169.53 | 230.23 | -66.51 | 312.16 | 335.13 | 67.81 | 478.71 |
| 21Q3 (8) | 0.13 | -87.25 | -88.6 | 0.49 | -94.76 | -93.44 | 700.30 | 683.6 | 777.79 | 186.90 | 1820.86 | 1434.48 | 687.48 | 1352.52 | 1392.9 | 199.71 | 285.76 | 335.0 |
| 21Q2 (7) | 1.02 | 52.24 | -29.17 | 9.35 | 18.65 | -16.52 | 89.37 | -34.56 | 41.3 | 9.73 | -15.68 | 19.83 | 47.33 | -14.15 | 64.0 | 51.77 | -44.32 | 21.78 |
| 21Q1 (6) | 0.67 | -25.56 | -22.99 | 7.88 | 11.61 | 17.61 | 136.56 | 35.38 | 31.23 | 11.54 | -10.54 | -15.08 | 55.13 | -1.31 | -12.3 | 92.98 | 60.56 | 69.7 |
| 20Q4 (5) | 0.90 | -21.05 | -30.23 | 7.06 | -5.49 | -40.72 | 100.87 | 26.44 | 43.08 | 12.90 | 5.91 | 68.85 | 55.86 | 21.3 | -8.64 | 57.91 | 26.14 | 240.65 |
| 20Q3 (4) | 1.14 | -20.83 | 0.0 | 7.47 | -33.3 | 0.0 | 79.78 | 26.13 | 0.0 | 12.18 | 50.0 | 0.0 | 46.05 | 59.56 | 0.0 | 45.91 | 8.0 | 0.0 |
| 20Q2 (3) | 1.44 | 65.52 | 0.0 | 11.20 | 67.16 | 0.0 | 63.25 | -39.22 | 0.0 | 8.12 | -40.25 | 0.0 | 28.86 | -54.09 | 0.0 | 42.51 | -22.41 | 0.0 |
| 20Q1 (2) | 0.87 | -32.56 | 0.0 | 6.70 | -43.74 | 0.0 | 104.06 | 47.6 | 0.0 | 13.59 | 77.88 | 0.0 | 62.86 | 2.81 | 0.0 | 54.79 | 222.29 | 0.0 |
| 19Q4 (1) | 1.29 | 0.0 | 0.0 | 11.91 | 0.0 | 0.0 | 70.50 | 0.0 | 0.0 | 7.64 | 0.0 | 0.0 | 61.14 | 0.0 | 0.0 | 17.00 | 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) | 1.67 | -23.39 | 0.59 | -42.16 | 219.15 | 31.16 | 623.73 | 73.47 | 88.84 | 6.47 | 754.03 | 70.13 |
| 2022 (9) | 2.18 | -29.22 | 1.02 | -94.3 | 167.08 | 40.78 | 359.57 | 1663.46 | 83.44 | 39.86 | 443.21 | 458.13 |
| 2021 (8) | 3.08 | -14.92 | 17.90 | -52.66 | 118.68 | 17.56 | 20.39 | 111.3 | 59.66 | -3.51 | 79.41 | 62.79 |
| 2020 (7) | 3.62 | -12.14 | 37.81 | -10.83 | 100.95 | 14.04 | 9.65 | 12.08 | 61.83 | -23.93 | 48.78 | 207.95 |
| 2019 (6) | 4.12 | -22.26 | 42.40 | 17.81 | 88.52 | 28.49 | 8.61 | -15.09 | 81.28 | 11.99 | 15.84 | 145.58 |
| 2018 (5) | 5.30 | 25.89 | 35.99 | 958.53 | 68.89 | -20.54 | 10.14 | -90.55 | 72.58 | 229.91 | 6.45 | -96.25 |
| 2017 (4) | 4.21 | -38.27 | 3.40 | 89.94 | 86.70 | 61.97 | 107.31 | -47.51 | 22.00 | 72.14 | 172.01 | -29.85 |
| 2016 (3) | 6.82 | 120.0 | 1.79 | 12.58 | 53.53 | -54.6 | 204.44 | -10.91 | 12.78 | -55.76 | 245.20 | -23.02 |
| 2015 (2) | 3.10 | 8.01 | 1.59 | -67.62 | 117.92 | -7.34 | 229.48 | 208.86 | 28.89 | -56.13 | 318.52 | 134.72 |
| 2014 (1) | 2.87 | -43.28 | 4.91 | 54.89 | 127.26 | 76.58 | 74.30 | -35.38 | 65.86 | -21.37 | 135.70 | 31.38 |
