- 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) | 1.30 | 9.24 | 11.11 | 1.85 | 16.35 | 60.87 | 70.26 | -7.94 | -9.87 | 49.13 | -14.36 | -37.8 | 40.73 | -10.99 | 9.73 | 78.67 | -10.53 | -34.34 |
| 24Q2 (19) | 1.19 | -18.49 | 40.0 | 1.59 | -3.05 | 55.88 | 76.32 | 22.72 | -28.67 | 57.37 | 3.52 | -35.99 | 45.76 | 19.45 | -6.06 | 87.93 | 10.88 | -40.54 |
| 24Q1 (18) | 1.46 | 28.07 | 53.68 | 1.64 | 18.84 | 19.71 | 62.19 | -21.99 | -35.41 | 55.42 | -16.09 | -16.75 | 38.31 | 11.92 | 3.62 | 79.30 | -28.9 | -37.0 |
| 23Q4 (17) | 1.14 | -2.56 | 20.0 | 1.38 | 20.0 | -0.72 | 79.72 | 2.27 | -17.16 | 66.05 | -16.38 | 0.59 | 34.23 | -7.79 | 3.01 | 111.54 | -6.91 | -13.31 |
| 23Q3 (16) | 1.17 | 37.65 | 42.68 | 1.15 | 12.75 | -17.27 | 77.95 | -27.14 | -29.63 | 78.99 | -11.86 | 20.3 | 37.12 | -23.79 | -3.06 | 119.82 | -18.98 | -13.26 |
| 23Q2 (15) | 0.85 | -10.53 | 2.41 | 1.02 | -25.55 | -27.66 | 106.99 | 11.12 | -2.75 | 89.62 | 34.63 | 39.05 | 48.71 | 31.76 | 33.2 | 147.89 | 17.48 | 7.26 |
| 23Q1 (14) | 0.95 | 0.0 | 4.4 | 1.37 | -1.44 | 3.01 | 96.28 | 0.05 | -3.91 | 66.57 | 1.39 | -2.69 | 36.97 | 11.25 | -15.28 | 125.88 | -2.16 | 0.73 |
| 22Q4 (13) | 0.95 | 15.85 | 4.4 | 1.39 | 0.0 | -17.26 | 96.23 | -13.13 | -3.41 | 65.66 | 0.0 | 20.9 | 33.23 | -13.21 | -39.65 | 128.66 | -6.86 | 30.13 |
| 22Q3 (12) | 0.82 | -1.2 | -15.46 | 1.39 | -1.42 | -28.72 | 110.77 | 0.69 | 17.65 | 65.66 | 1.88 | 40.81 | 38.29 | 4.7 | -38.86 | 138.14 | 0.19 | 76.76 |
| 22Q2 (11) | 0.83 | -8.79 | -23.85 | 1.41 | 6.02 | -44.05 | 110.01 | 9.79 | 31.48 | 64.45 | -5.79 | 78.33 | 36.57 | -16.2 | -38.28 | 137.88 | 10.33 | 127.68 |
| 22Q1 (10) | 0.91 | 0.0 | -18.75 | 1.33 | -20.83 | -52.33 | 100.20 | 0.57 | 23.44 | 68.41 | 25.96 | 109.59 | 43.64 | -20.74 | -23.91 | 124.97 | 26.4 | 121.38 |
| 21Q4 (9) | 0.91 | -6.19 | -22.88 | 1.68 | -13.85 | -40.21 | 99.63 | 5.82 | 29.49 | 54.31 | 16.47 | 67.83 | 55.06 | -12.09 | 7.86 | 98.87 | 26.51 | 69.73 |
| 21Q3 (8) | 0.97 | -11.01 | -42.6 | 1.95 | -22.62 | -16.31 | 94.15 | 12.53 | 74.74 | 46.63 | 29.03 | 19.47 | 62.63 | 5.7 | 96.21 | 78.15 | 29.05 | 28.14 |
| 21Q2 (7) | 1.09 | -2.68 | 60.29 | 2.52 | -9.68 | 193.02 | 83.67 | 3.08 | -37.09 | 36.14 | 10.72 | -65.86 | 59.25 | 3.31 | 72.64 | 60.56 | 7.28 | -70.39 |
| 21Q1 (6) | 1.12 | -5.08 | -18.84 | 2.79 | -0.71 | 153.64 | 81.17 | 5.5 | 22.87 | 32.64 | 0.87 | -60.57 | 57.35 | 12.34 | 105.48 | 56.45 | -3.09 | -53.32 |
| 20Q4 (5) | 1.18 | -30.18 | 19.19 | 2.81 | 20.6 | 202.15 | 76.94 | 42.8 | -16.47 | 32.36 | -17.09 | -66.95 | 51.05 | 59.93 | 24.85 | 58.25 | -4.49 | -60.94 |
| 20Q3 (4) | 1.69 | 148.53 | 0.0 | 2.33 | 170.93 | 0.0 | 53.88 | -59.49 | 0.0 | 39.03 | -63.13 | 0.0 | 31.92 | -6.99 | 0.0 | 60.99 | -70.18 | 0.0 |
| 20Q2 (3) | 0.68 | -50.72 | 0.0 | 0.86 | -21.82 | 0.0 | 133.01 | 101.35 | 0.0 | 105.86 | 27.87 | 0.0 | 34.32 | 22.97 | 0.0 | 204.55 | 69.15 | 0.0 |
| 20Q1 (2) | 1.38 | 39.39 | 0.0 | 1.10 | 18.28 | 0.0 | 66.06 | -28.28 | 0.0 | 82.79 | -15.43 | 0.0 | 27.91 | -31.74 | 0.0 | 120.93 | -18.9 | 0.0 |
| 19Q4 (1) | 0.99 | 0.0 | 0.0 | 0.93 | 0.0 | 0.0 | 92.11 | 0.0 | 0.0 | 97.90 | 0.0 | 0.0 | 40.89 | 0.0 | 0.0 | 149.12 | 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) | 3.93 | -6.87 | 5.10 | -8.44 | 92.92 | 7.32 | 71.63 | 9.28 | 40.16 | -7.51 | 124.39 | 14.42 |
| 2022 (9) | 4.22 | 1.93 | 5.57 | -35.46 | 86.58 | -1.88 | 65.55 | 55.0 | 43.42 | -19.79 | 108.71 | 42.27 |
| 2021 (8) | 4.14 | 0.73 | 8.63 | 29.97 | 88.24 | -0.6 | 42.29 | -23.01 | 54.13 | 3.58 | 76.41 | -16.44 |
| 2020 (7) | 4.11 | -29.14 | 6.64 | 37.76 | 88.77 | 41.04 | 54.93 | -27.44 | 52.26 | 61.3 | 91.44 | -13.93 |
| 2019 (6) | 5.80 | 7.61 | 4.82 | -30.04 | 62.94 | -7.11 | 75.70 | 42.8 | 32.40 | -23.31 | 106.24 | 35.3 |
| 2018 (5) | 5.39 | -0.92 | 6.89 | -33.43 | 67.76 | 1.0 | 53.01 | 50.3 | 42.25 | -13.79 | 78.52 | 47.18 |
| 2017 (4) | 5.44 | 18.78 | 10.35 | -28.42 | 67.09 | -15.76 | 35.27 | 39.74 | 49.01 | -12.9 | 53.35 | 9.75 |
| 2016 (3) | 4.58 | 30.11 | 14.46 | -35.59 | 79.64 | -23.14 | 25.24 | 55.23 | 56.27 | -17.65 | 48.61 | -5.68 |
| 2015 (2) | 3.52 | 300.0 | 22.45 | 232.1 | 103.62 | -74.93 | 16.26 | -69.86 | 68.33 | -79.75 | 51.54 | -60.34 |
| 2014 (1) | 0.88 | -57.28 | 6.76 | -72.17 | 413.38 | 133.51 | 53.95 | 258.95 | 337.37 | 166.19 | 129.96 | 98.96 |
