- 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) | 2.27 | -29.72 | -24.83 | 1.33 | -21.76 | -10.14 | 40.07 | 42.04 | 33.08 | 68.50 | 27.58 | 11.51 | 16.36 | 18.12 | 3.02 | 92.20 | 35.51 | 21.84 |
| 24Q2 (19) | 3.23 | 32.92 | -19.25 | 1.70 | 18.88 | 11.11 | 28.21 | -24.77 | 24.05 | 53.69 | -15.9 | -9.98 | 13.85 | -22.67 | -16.21 | 68.04 | -18.45 | 3.33 |
| 24Q1 (18) | 2.43 | -31.16 | 14.08 | 1.43 | -29.9 | 41.58 | 37.50 | 45.41 | -12.08 | 63.84 | 42.88 | -28.95 | 17.91 | 55.87 | -30.01 | 83.43 | 41.45 | -21.96 |
| 23Q4 (17) | 3.53 | 16.89 | -17.91 | 2.04 | 37.84 | -13.92 | 25.79 | -14.35 | 21.94 | 44.68 | -27.27 | 16.17 | 11.49 | -27.64 | 2.5 | 58.98 | -22.06 | 21.86 |
| 23Q3 (16) | 3.02 | -24.5 | -25.62 | 1.48 | -3.27 | -18.68 | 30.11 | 32.41 | 34.3 | 61.43 | 3.0 | 23.16 | 15.88 | -3.93 | 35.61 | 75.67 | 14.91 | 24.91 |
| 23Q2 (15) | 4.00 | 87.79 | -24.81 | 1.53 | 51.49 | 2.0 | 22.74 | -46.68 | 32.9 | 59.64 | -33.62 | -1.7 | 16.53 | -35.4 | 25.04 | 65.85 | -38.41 | 2.0 |
| 23Q1 (14) | 2.13 | -50.47 | -33.85 | 1.01 | -57.38 | -9.01 | 42.65 | 101.65 | 50.71 | 89.85 | 133.62 | 9.32 | 25.59 | 128.28 | 29.5 | 106.91 | 120.89 | 17.83 |
| 22Q4 (13) | 4.30 | 5.91 | -43.05 | 2.37 | 30.22 | 19.7 | 21.15 | -5.66 | 75.37 | 38.46 | -22.89 | -16.35 | 11.21 | -4.27 | 28.56 | 48.40 | -20.11 | -1.85 |
| 22Q3 (12) | 4.06 | -23.68 | 26.87 | 1.82 | 21.33 | 54.24 | 22.42 | 31.03 | -21.08 | 49.88 | -17.78 | -35.34 | 11.71 | -11.42 | -7.14 | 60.58 | -6.16 | -34.81 |
| 22Q2 (11) | 5.32 | 65.22 | 34.01 | 1.50 | 35.14 | 2.74 | 17.11 | -39.54 | -25.32 | 60.67 | -26.18 | -2.48 | 13.22 | -33.1 | 5.68 | 64.56 | -28.84 | -11.09 |
| 22Q1 (10) | 3.22 | -57.35 | 40.0 | 1.11 | -43.94 | -13.28 | 28.30 | 134.66 | -28.54 | 82.19 | 78.75 | 15.65 | 19.76 | 126.61 | 7.63 | 90.73 | 84.0 | -1.7 |
| 21Q4 (9) | 7.55 | 135.94 | 77.65 | 1.98 | 67.8 | 3.13 | 12.06 | -57.55 | -43.7 | 45.98 | -40.39 | -3.08 | 8.72 | -30.85 | -26.35 | 49.31 | -46.94 | -13.52 |
| 21Q3 (8) | 3.20 | -19.4 | -0.31 | 1.18 | -19.18 | -0.84 | 28.41 | 24.01 | 0.25 | 77.14 | 24.0 | 0.7 | 12.61 | 0.8 | -19.32 | 92.93 | 27.99 | 4.05 |
| 21Q2 (7) | 3.97 | 72.61 | 9.37 | 1.46 | 14.06 | -20.22 | 22.91 | -42.15 | -8.58 | 62.21 | -12.47 | 24.77 | 12.51 | -31.86 | 16.37 | 72.61 | -21.33 | 13.13 |
| 21Q1 (6) | 2.30 | -45.88 | -11.2 | 1.28 | -33.33 | -11.72 | 39.60 | 84.87 | 12.85 | 71.07 | 49.81 | 13.19 | 18.36 | 55.07 | 21.99 | 92.30 | 61.87 | 11.43 |
| 20Q4 (5) | 4.25 | 32.4 | 0.71 | 1.92 | 61.34 | -16.88 | 21.42 | -24.42 | -0.79 | 47.44 | -38.07 | 20.44 | 11.84 | -24.25 | 13.52 | 57.02 | -36.15 | 12.82 |
| 20Q3 (4) | 3.21 | -11.57 | 0.0 | 1.19 | -34.97 | 0.0 | 28.34 | 13.09 | 0.0 | 76.60 | 53.63 | 0.0 | 15.63 | 45.4 | 0.0 | 89.31 | 39.16 | 0.0 |
| 20Q2 (3) | 3.63 | 40.15 | 0.0 | 1.83 | 26.21 | 0.0 | 25.06 | -28.58 | 0.0 | 49.86 | -20.59 | 0.0 | 10.75 | -28.57 | 0.0 | 64.18 | -22.52 | 0.0 |
| 20Q1 (2) | 2.59 | -38.63 | 0.0 | 1.45 | -37.23 | 0.0 | 35.09 | 62.53 | 0.0 | 62.79 | 59.41 | 0.0 | 15.05 | 44.3 | 0.0 | 82.83 | 63.89 | 0.0 |
| 19Q4 (1) | 4.22 | 0.0 | 0.0 | 2.31 | 0.0 | 0.0 | 21.59 | 0.0 | 0.0 | 39.39 | 0.0 | 0.0 | 10.43 | 0.0 | 0.0 | 50.54 | 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) | 10.56 | -43.26 | 7.86 | -7.96 | 34.55 | 76.19 | 46.42 | 8.61 | 14.93 | 13.97 | 66.04 | 34.06 |
| 2022 (9) | 18.61 | 51.06 | 8.54 | 9.77 | 19.61 | -33.79 | 42.74 | -8.93 | 13.10 | -10.09 | 49.26 | -20.51 |
| 2021 (8) | 12.32 | 6.48 | 7.78 | -10.57 | 29.62 | -6.15 | 46.93 | 11.82 | 14.57 | 8.49 | 61.97 | 3.13 |
| 2020 (7) | 11.57 | 17.58 | 8.70 | 8.21 | 31.56 | -14.96 | 41.97 | -7.51 | 13.43 | 1.82 | 60.09 | -13.29 |
| 2019 (6) | 9.84 | -18.0 | 8.04 | 20.54 | 37.11 | 22.03 | 45.38 | -17.04 | 13.19 | 5.02 | 69.30 | -4.48 |
| 2018 (5) | 12.00 | -27.18 | 6.67 | 49.22 | 30.41 | 37.29 | 54.70 | -33.05 | 12.56 | -29.75 | 72.55 | -15.61 |
| 2017 (4) | 16.48 | -19.84 | 4.47 | -9.33 | 22.15 | 24.79 | 81.70 | 10.41 | 17.88 | -10.82 | 85.97 | 19.9 |
| 2016 (3) | 20.56 | 1.63 | 4.93 | -45.04 | 17.75 | -1.61 | 74.00 | 81.91 | 20.05 | 30.53 | 71.70 | 65.36 |
| 2015 (2) | 20.23 | -0.25 | 8.97 | -47.24 | 18.04 | 0.22 | 40.68 | 89.56 | 15.36 | -36.69 | 43.36 | 185.26 |
| 2014 (1) | 20.28 | 0 | 17.00 | 0 | 18.00 | 0 | 21.46 | 0 | 24.26 | 0 | 15.20 | 0 |
