- 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) | 2.70 | 162.14 | 40.63 | 0.22 | -31.25 | -94.29 | 33.73 | -61.83 | -28.67 | 420.72 | 49.0 | 1680.45 | 376.35 | 31.78 | 1236.47 | 78.10 | -8.26 | 82.65 |
| 24Q2 (19) | 1.03 | 63.49 | -34.39 | 0.32 | -40.74 | -93.52 | 88.37 | -38.44 | 52.89 | 282.36 | 68.89 | 1433.73 | 285.60 | 56.41 | 745.97 | 85.13 | -33.56 | 100.54 |
| 24Q1 (18) | 0.63 | -75.95 | -24.1 | 0.54 | -92.73 | -93.5 | 143.56 | 312.88 | 31.44 | 167.19 | 1264.82 | 1428.24 | 182.60 | 733.79 | 122.55 | 128.14 | 410.31 | 236.24 |
| 23Q4 (17) | 2.62 | 36.46 | 0.0 | 7.43 | 92.99 | 159.79 | 34.77 | -26.47 | 0.03 | 12.25 | -48.16 | -61.53 | 21.90 | -22.23 | -44.4 | 25.11 | -41.28 | -7.72 |
| 23Q3 (16) | 1.92 | 22.29 | -12.33 | 3.85 | -22.06 | 520.97 | 47.29 | -18.18 | 13.95 | 23.63 | 28.35 | -83.8 | 28.16 | -16.59 | -82.74 | 42.76 | 0.73 | 76.77 |
| 23Q2 (15) | 1.57 | 89.16 | 153.23 | 4.94 | -40.55 | 308.26 | 57.80 | -47.08 | -60.33 | 18.41 | 68.28 | -75.56 | 33.76 | -58.85 | -82.79 | 42.45 | 11.39 | 70.69 |
| 23Q1 (14) | 0.83 | -68.32 | -73.98 | 8.31 | 190.56 | 297.61 | 109.22 | 214.21 | 282.29 | 10.94 | -65.64 | -74.9 | 82.05 | 108.3 | 383.22 | 38.11 | 40.06 | -30.94 |
| 22Q4 (13) | 2.62 | 19.63 | 3.97 | 2.86 | 361.29 | 1330.0 | 34.76 | -16.24 | -3.82 | 31.84 | -78.17 | -92.95 | 39.39 | -75.86 | -57.5 | 27.21 | 12.48 | -93.11 |
| 22Q3 (12) | 2.19 | 253.23 | 17.11 | 0.62 | -48.76 | 376.92 | 41.50 | -71.52 | -14.8 | 145.86 | 93.6 | -79.78 | 163.17 | -16.82 | -63.79 | 24.19 | -2.73 | -92.43 |
| 22Q2 (11) | 0.62 | -80.56 | -56.64 | 1.21 | -42.11 | 656.25 | 145.70 | 409.98 | 128.98 | 75.34 | 72.84 | -87.07 | 196.17 | 1055.3 | -67.8 | 24.87 | -54.93 | -32.58 |
| 22Q1 (10) | 3.19 | 26.59 | 293.83 | 2.09 | 945.0 | -39.94 | 28.57 | -20.95 | -74.45 | 43.59 | -90.35 | 66.63 | 16.98 | -81.68 | -73.35 | 55.18 | -86.03 | -25.71 |
| 21Q4 (9) | 2.52 | 34.76 | 8.62 | 0.20 | 53.85 | -92.91 | 36.14 | -25.81 | -7.88 | 451.58 | -37.4 | 1301.55 | 92.69 | -79.43 | 63.33 | 395.03 | 23.67 | 2587.28 |
| 21Q3 (8) | 1.87 | 30.77 | -16.89 | 0.13 | -18.75 | -92.93 | 48.71 | -23.45 | 20.54 | 721.37 | 23.85 | 1361.15 | 450.65 | -26.03 | 528.35 | 319.43 | 765.9 | 1668.72 |
| 21Q2 (7) | 1.43 | 76.54 | -13.33 | 0.16 | -95.4 | -95.14 | 63.63 | -43.1 | 15.52 | 582.47 | 2126.57 | 2008.11 | 609.21 | 856.22 | 1168.13 | 36.89 | -50.34 | 6.43 |
| 21Q1 (6) | 0.81 | -65.09 | -48.73 | 3.48 | 23.4 | 61.86 | 111.83 | 185.06 | 94.66 | 26.16 | -18.81 | -38.2 | 63.71 | 12.26 | 20.53 | 74.28 | 405.31 | 58.35 |
| 20Q4 (5) | 2.32 | 3.11 | -2.93 | 2.82 | 53.26 | 58.43 | 39.23 | -2.92 | 2.88 | 32.22 | -34.74 | -36.81 | 56.75 | -20.87 | 8.51 | 14.70 | -18.6 | -60.08 |
| 20Q3 (4) | 2.25 | 36.36 | 0.0 | 1.84 | -44.07 | 0.0 | 40.41 | -26.63 | 0.0 | 49.37 | 78.68 | 0.0 | 71.72 | 49.29 | 0.0 | 18.06 | -47.89 | 0.0 |
| 20Q2 (3) | 1.65 | 4.43 | 0.0 | 3.29 | 53.02 | 0.0 | 55.08 | -4.13 | 0.0 | 27.63 | -34.73 | 0.0 | 48.04 | -9.12 | 0.0 | 34.66 | -26.11 | 0.0 |
| 20Q1 (2) | 1.58 | -33.89 | 0.0 | 2.15 | 20.79 | 0.0 | 57.45 | 50.67 | 0.0 | 42.33 | -16.98 | 0.0 | 52.86 | 1.07 | 0.0 | 46.91 | 27.4 | 0.0 |
| 19Q4 (1) | 2.39 | 0.0 | 0.0 | 1.78 | 0.0 | 0.0 | 38.13 | 0.0 | 0.0 | 50.99 | 0.0 | 0.0 | 52.30 | 0.0 | 0.0 | 36.82 | 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) | 3.63 | -52.24 | 48.63 | 1396.31 | 100.53 | 109.39 | 7.51 | -93.31 | 61.99 | 99.52 | 46.04 | -64.35 |
| 2022 (9) | 7.60 | 73.52 | 3.25 | 225.0 | 48.01 | -42.44 | 112.18 | -69.33 | 31.07 | -69.09 | 129.13 | -62.96 |
| 2021 (8) | 4.38 | 12.89 | 1.00 | -80.58 | 83.41 | -11.28 | 365.73 | 415.77 | 100.52 | -3.09 | 348.62 | 469.73 |
| 2020 (7) | 3.88 | 22.4 | 5.15 | 8.42 | 94.01 | -18.32 | 70.91 | -7.8 | 103.72 | -7.71 | 61.19 | -23.16 |
| 2019 (6) | 3.17 | -10.7 | 4.75 | -52.69 | 115.10 | 11.9 | 76.91 | 111.58 | 112.38 | 10.0 | 79.63 | 114.93 |
| 2018 (5) | 3.55 | -26.35 | 10.04 | -27.87 | 102.86 | 35.88 | 36.35 | 38.69 | 102.16 | -8.86 | 37.05 | 0 |
| 2017 (4) | 4.82 | 33.89 | 13.92 | -46.05 | 75.70 | -25.33 | 26.21 | 85.36 | 112.09 | 94.7 | -10.18 | 0 |
| 2016 (3) | 3.60 | 15.76 | 25.80 | -20.3 | 101.38 | -13.59 | 14.14 | 25.35 | 57.57 | 113.14 | 57.96 | -42.95 |
| 2015 (2) | 3.11 | 62.83 | 32.37 | 8.62 | 117.33 | -38.61 | 11.28 | -7.92 | 27.01 | -58.48 | 101.60 | -26.55 |
| 2014 (1) | 1.91 | -21.72 | 29.80 | 16.04 | 191.12 | 27.59 | 12.25 | -13.79 | 65.05 | 13.76 | 138.32 | 29.48 |
