玩股撇步(動畫小學堂)  

  • 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
平均收帳天數和平均銷貨天數-近20季
存貨銷售比
近3年股價
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
24Q4 (20)77.3048.8819.426.2520.89-0.641.18-32.57-16.3114.56-17.320.5531.69-21.753.06-15.9524.55-7.26
24Q3 (19)51.922.02-16.755.17-15.85.081.75-2.2319.8617.6118.83-4.7140.505.412.56-21.143.07-8.13
24Q2 (18)50.895.38-18.436.145.8611.431.79-4.7922.614.82-5.61-10.3438.421.322.07-21.81-7.28-10.94
24Q1 (17)48.29-25.4-11.085.80-7.7911.321.8833.3311.915.708.43-10.1337.9223.32-8.25-20.33-36.728.34
23Q4 (16)64.733.78-20.266.2927.850.481.41-3.4225.8914.48-21.65-0.4130.75-22.13-5.56-14.8723.9412.01
23Q3 (15)62.37-0.03-19.964.92-10.71-6.111.460.024.7918.4811.86.4539.494.91-3.64-19.550.5612.92
23Q2 (14)62.3914.88-23.785.515.76-15.361.46-13.131.5316.53-5.3818.3237.64-8.934.01-19.6611.366.82
23Q1 (13)54.31-33.1-34.975.21-16.77-8.61.6850.054.1317.4720.159.3941.3326.938.11-22.18-31.24-4.77
22Q4 (12)81.184.18-41.556.2619.47-0.631.12-4.2769.714.54-16.240.7632.56-20.55-0.28-16.9024.723.76
22Q3 (11)77.92-4.8-40.085.24-19.51-13.531.175.4167.1417.3624.2715.7340.9813.24-2.5-22.45-6.414.7
22Q2 (10)81.85-1.99-46.316.5114.21-20.121.111.8385.013.97-12.5225.0736.19-5.343.55-21.100.338.97
22Q1 (9)83.51-39.87-28.05.70-9.524.781.0965.1539.7415.9710.67-4.638.2317.092.82-21.17-20.56-7.74
21Q4 (8)138.886.794.746.303.967.880.66-5.71-4.3514.43-3.8-7.4432.65-22.321.46-17.5633.28-10.44
21Q3 (7)130.05-14.715.376.06-25.6411.190.7016.67-13.5815.0034.29-10.1342.0320.267.36-26.32-13.55-21.51
21Q2 (6)152.4631.4524.428.1549.8221.640.60-23.08-18.9211.17-33.27-17.7534.95-6.0-4.19-23.18-17.96-4.65
21Q1 (5)115.98-12.53-6.345.44-6.85-9.480.7813.046.8516.747.3810.6437.1815.542.45-19.65-23.583.77
20Q4 (4)132.6017.640.05.847.160.00.69-14.810.015.59-6.590.032.18-17.80.0-15.9026.590.0
20Q3 (3)112.72-8.010.05.45-18.660.00.819.460.016.6922.90.039.157.320.0-21.662.210.0
20Q2 (2)122.54-1.040.06.7011.480.00.741.370.013.58-10.240.036.480.520.0-22.15-8.470.0
20Q1 (1)123.830.00.06.010.00.00.730.00.015.130.00.036.290.00.0-20.420.00.0
平均收帳天數和平均銷貨天數-近10年
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
2024 (10)225.589.0521.730.181.62-7.9516.80-0.1838.14-3.71-19.730
2023 (9)206.85-31.3221.69-4.451.7645.4516.834.6639.611.15-21.020
2022 (8)301.20-31.4722.701.71.2145.7816.08-1.6539.166.27-21.870
2021 (7)439.511.9222.326.240.83-2.3516.35-5.8736.85-0.78-19.670
2020 (6)431.22-18.6821.01-9.360.8523.1917.3710.2937.14-3.96-18.920
2019 (5)530.26-40.223.18-18.240.6968.2915.7522.2838.67-3.2-22.230
2018 (4)886.676.8728.35-35.390.41-6.8212.8854.8139.95-0.62-26.660
2017 (3)829.6740.8743.88-61.30.44-29.038.32158.3940.202.06-31.450
2016 (2)588.9614.06113.39-42.210.62-12.683.2273.1239.39-0.58-35.550
2015 (1)516.35494.67196.2290.80.71-83.11.86-47.6139.62-1.71-37.050

免責聲明

本網站所有資料僅供參考,如使用者依本資料交易發生交易損失需自行負責,本網站對資料內容錯誤﹑更新延誤不負任何責任。