- 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) | 0.63 | -58.82 | 1160.0 | 4.76 | 80.3 | 164.44 | 143.38 | 140.97 | -92.75 | 19.13 | -44.49 | -62.19 | 40.58 | 41.84 | -84.57 | 121.94 | 86.6 | -93.09 |
| 24Q2 (19) | 1.53 | 1812.5 | 218.75 | 2.64 | 780.0 | -82.69 | 59.50 | -94.75 | -68.44 | 34.46 | -88.55 | 477.22 | 28.61 | -81.39 | -63.87 | 65.35 | -94.9 | -43.32 |
| 24Q1 (18) | 0.08 | -11.11 | -80.49 | 0.30 | -87.23 | -97.76 | 1133.33 | 14.59 | 405.7 | 300.83 | 677.34 | 4337.02 | 153.73 | 264.46 | 28.05 | 1280.43 | 29.92 | 1055.1 |
| 23Q4 (17) | 0.09 | 80.0 | -82.0 | 2.35 | 30.56 | -73.17 | 989.04 | -49.96 | 444.42 | 38.70 | -23.5 | 272.47 | 42.18 | -83.96 | -56.64 | 985.55 | -44.14 | 939.83 |
| 23Q3 (16) | 0.05 | -89.58 | -93.98 | 1.80 | -88.2 | -76.06 | 1976.51 | 948.38 | 1700.76 | 50.59 | 747.4 | 318.1 | 262.91 | 232.0 | 356.36 | 1764.18 | 1430.08 | 2645.81 |
| 23Q2 (15) | 0.48 | 17.07 | -71.43 | 15.25 | 13.72 | 250.57 | 188.53 | -15.88 | 248.81 | 5.97 | -11.95 | -71.45 | 79.19 | -34.04 | 90.45 | 115.30 | 4.01 | 245.31 |
| 23Q1 (14) | 0.41 | -18.0 | -60.58 | 13.41 | 53.08 | 1268.37 | 224.11 | 23.36 | 157.01 | 6.78 | -34.74 | -92.72 | 120.05 | 23.42 | 4.13 | 110.85 | 16.96 | 70.41 |
| 22Q4 (13) | 0.50 | -39.76 | -40.48 | 8.76 | 16.49 | 491.89 | 181.67 | 65.52 | 68.46 | 10.39 | -14.13 | -83.14 | 97.27 | 68.84 | -6.99 | 94.78 | 47.52 | 46.09 |
| 22Q3 (12) | 0.83 | -50.6 | -23.85 | 7.52 | 72.87 | 52.54 | 109.76 | 103.07 | 31.18 | 12.10 | -42.13 | -34.49 | 57.61 | 38.55 | -10.07 | 64.25 | 92.42 | 68.77 |
| 22Q2 (11) | 1.68 | 61.54 | 54.13 | 4.35 | 343.88 | 22.19 | 54.05 | -38.02 | -35.08 | 20.91 | -77.55 | -18.19 | 41.58 | -63.93 | -13.28 | 33.39 | -48.67 | -45.15 |
| 22Q1 (10) | 1.04 | 23.81 | -29.73 | 0.98 | -33.78 | -60.16 | 87.20 | -19.14 | 41.65 | 93.14 | 51.15 | 151.66 | 115.29 | 10.24 | 201.57 | 65.05 | 0.26 | 7.79 |
| 21Q4 (9) | 0.84 | -22.94 | -33.33 | 1.48 | -69.98 | 33.33 | 107.84 | 28.89 | 49.09 | 61.62 | 233.62 | -24.77 | 104.58 | 63.25 | 103.38 | 64.88 | 70.42 | -36.91 |
| 21Q3 (8) | 1.09 | 0.0 | -26.85 | 4.93 | 38.48 | 314.29 | 83.67 | 0.49 | 37.03 | 18.47 | -27.74 | -75.75 | 64.06 | 33.6 | 35.69 | 38.07 | -37.46 | -57.7 |
| 21Q2 (7) | 1.09 | -26.35 | -33.13 | 3.56 | 44.72 | 217.86 | 83.26 | 35.25 | 48.89 | 25.56 | -30.94 | -68.6 | 47.95 | 25.43 | -28.53 | 60.87 | 0.86 | -13.34 |
| 21Q1 (6) | 1.48 | 17.46 | -39.84 | 2.46 | 121.62 | 61.84 | 61.56 | -14.89 | 66.06 | 37.01 | -54.82 | -38.12 | 38.23 | -25.65 | -18.33 | 60.35 | -41.31 | 20.53 |
| 20Q4 (5) | 1.26 | -15.44 | -46.15 | 1.11 | -6.72 | 177.5 | 72.33 | 18.46 | 85.65 | 81.91 | 7.55 | -64.07 | 51.42 | 8.92 | -40.72 | 102.83 | 14.26 | -42.93 |
| 20Q3 (4) | 1.49 | -8.59 | 0.0 | 1.19 | 6.25 | 0.0 | 61.06 | 9.19 | 0.0 | 76.16 | -6.45 | 0.0 | 47.21 | -29.63 | 0.0 | 90.00 | 28.13 | 0.0 |
| 20Q2 (3) | 1.63 | -33.74 | 0.0 | 1.12 | -26.32 | 0.0 | 55.92 | 50.85 | 0.0 | 81.41 | 36.11 | 0.0 | 67.09 | 43.32 | 0.0 | 70.24 | 40.28 | 0.0 |
| 20Q1 (2) | 2.46 | 5.13 | 0.0 | 1.52 | 280.0 | 0.0 | 37.07 | -4.85 | 0.0 | 59.81 | -73.76 | 0.0 | 46.81 | -46.03 | 0.0 | 50.07 | -72.21 | 0.0 |
| 19Q4 (1) | 2.34 | 0.0 | 0.0 | 0.40 | 0.0 | 0.0 | 38.96 | 0.0 | 0.0 | 227.96 | 0.0 | 0.0 | 86.74 | 0.0 | 0.0 | 180.18 | 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) | 0.94 | -84.89 | 30.93 | 29.79 | 388.02 | 561.7 | 11.80 | -22.98 | 167.02 | 312.6 | 232.80 | 595.55 |
| 2022 (9) | 6.22 | 23.17 | 23.83 | 386.33 | 58.64 | -18.88 | 15.32 | -79.42 | 40.48 | -50.83 | 33.47 | -48.04 |
| 2021 (8) | 5.05 | -39.23 | 4.90 | -4.3 | 72.29 | 64.56 | 74.45 | 4.34 | 82.33 | 63.94 | 64.41 | -1.0 |
| 2020 (7) | 8.31 | 16.06 | 5.12 | 77.78 | 43.93 | -13.8 | 71.35 | -43.69 | 50.22 | -23.2 | 65.06 | -42.06 |
| 2019 (6) | 7.16 | -18.08 | 2.88 | 33.95 | 50.96 | 22.06 | 126.72 | -25.31 | 65.39 | -68.65 | 112.29 | 3896.09 |
| 2018 (5) | 8.74 | 11.91 | 2.15 | -38.75 | 41.75 | -10.7 | 169.65 | 63.28 | 208.59 | -16.31 | 2.81 | 0 |
| 2017 (4) | 7.81 | 12.86 | 3.51 | -38.74 | 46.75 | -11.31 | 103.90 | 63.19 | 249.23 | 40.25 | -98.58 | 0 |
| 2016 (3) | 6.92 | 49.78 | 5.73 | -42.0 | 52.71 | -33.21 | 63.67 | 72.31 | 177.70 | 31.84 | -61.32 | 0 |
| 2015 (2) | 4.62 | 18.77 | 9.88 | 15.69 | 78.92 | -15.94 | 36.95 | -13.59 | 134.78 | 1.0 | -18.91 | 0 |
| 2014 (1) | 3.89 | -10.16 | 8.54 | 12.66 | 93.88 | 11.46 | 42.76 | -11.18 | 133.45 | 42.09 | 3.19 | -91.7 |
