- 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) | 37.34 | 213.26 | -91.89 | 0.20 | 233.33 | 566.67 | 2.44 | -68.06 | 1120.0 | 460.91 | -71.76 | -83.28 | 27.79 | -57.91 | -64.14 | 435.56 | -72.32 | -83.74 |
| 24Q2 (19) | 11.92 | -88.47 | -99.79 | 0.06 | 500.0 | -70.0 | 7.64 | 768.18 | 38100.0 | 1632.17 | -86.81 | 261.49 | 66.02 | -88.82 | 421.07 | 1573.79 | -86.64 | 258.62 |
| 24Q1 (18) | 103.37 | 5.79 | -85.09 | 0.01 | 0.0 | -80.0 | 0.88 | -5.38 | 576.92 | 12372.50 | 28.23 | 522.15 | 590.54 | 53.48 | 851.41 | 11782.90 | 27.18 | 511.55 |
| 23Q4 (17) | 97.71 | -78.78 | -74.6 | 0.01 | -66.67 | -66.67 | 0.93 | 365.0 | 287.5 | 9648.54 | 250.07 | 167.0 | 384.77 | 396.54 | 256.66 | 9264.70 | 245.85 | 164.25 |
| 23Q3 (16) | 460.39 | -91.98 | 822.44 | 0.03 | -85.0 | 0.0 | 0.20 | 900.0 | -89.01 | 2756.14 | 510.43 | -2.61 | 77.49 | 511.6 | 10.18 | 2678.85 | 510.42 | -3.0 |
| 23Q2 (15) | 5743.48 | 728.44 | 14562.96 | 0.20 | 300.0 | 150.0 | 0.02 | -84.62 | -99.14 | 451.51 | -77.3 | -58.52 | 12.67 | -79.59 | -55.53 | 438.85 | -77.22 | -58.69 |
| 23Q1 (14) | 693.29 | 80.21 | 1639.75 | 0.05 | 66.67 | -16.67 | 0.13 | -45.83 | -94.3 | 1988.67 | -44.97 | 28.74 | 62.07 | -42.46 | 54.79 | 1926.73 | -45.05 | 27.86 |
| 22Q4 (13) | 384.71 | 670.81 | -98.27 | 0.03 | 0.0 | 50.0 | 0.24 | -86.81 | 0 | 3613.68 | 27.69 | -2.49 | 107.88 | 53.39 | 13.09 | 3506.04 | 26.96 | -2.9 |
| 22Q3 (12) | 49.91 | 27.42 | 0 | 0.03 | -62.5 | -50.0 | 1.82 | -21.55 | 0 | 2830.07 | 159.99 | 85.25 | 70.33 | 146.86 | 50.76 | 2761.57 | 159.94 | 86.46 |
| 22Q2 (11) | 39.17 | -1.71 | 0 | 0.08 | 33.33 | 0 | 2.32 | 1.75 | 0 | 1088.54 | -29.53 | -100.0 | 28.49 | -28.95 | -100.0 | 1062.37 | -29.5 | -100.0 |
| 22Q1 (10) | 39.85 | -99.82 | -48.27 | 0.06 | 200.0 | 0 | 2.28 | 0 | 93.22 | 1544.68 | -58.32 | -93.52 | 40.10 | -57.96 | -94.19 | 1506.87 | -58.27 | -93.49 |
| 21Q4 (9) | 22177.90 | 0 | 34188.65 | 0.02 | -66.67 | 100.0 | 0.00 | 0 | -100.0 | 3706.00 | 142.58 | -71.62 | 95.39 | 104.48 | -77.79 | 3610.62 | 143.78 | -71.41 |
| 21Q3 (8) | 0.00 | 0 | -100.0 | 0.06 | 0 | 500.0 | 0.00 | 0 | -100.0 | 1527.73 | -100.0 | -89.07 | 46.65 | -100.0 | -89.67 | 1481.08 | -100.0 | -89.06 |
| 21Q2 (7) | 0.00 | -100.0 | -100.0 | 0.00 | 0 | 0 | 0.00 | -100.0 | -100.0 | 69837100.00 | 293068.36 | 227432.07 | 2221260.00 | 321737.78 | 258537.91 | 67615800.00 | 292197.85 | 226511.21 |
| 21Q1 (6) | 77.04 | 19.11 | 1298.19 | 0.00 | -100.0 | 0 | 1.18 | -16.31 | -92.85 | 23821.50 | 82.44 | -72.28 | 690.18 | 60.69 | -69.43 | 23132.50 | 83.17 | -72.36 |
| 20Q4 (5) | 64.68 | 9.63 | 323300.0 | 0.01 | 0.0 | 0 | 1.41 | -8.44 | -99.98 | 13057.20 | -6.62 | -99.97 | 429.52 | -4.88 | -99.94 | 12629.10 | -6.68 | -99.97 |
| 20Q3 (4) | 59.00 | 111.62 | 0.0 | 0.01 | 0 | 0.0 | 1.54 | -52.76 | 0.0 | 13983.20 | -54.44 | 0.0 | 451.54 | -47.42 | 0.0 | 13533.20 | -54.64 | 0.0 |
| 20Q2 (3) | 27.88 | 405.99 | 0.0 | 0.00 | 0 | 0.0 | 3.26 | -80.25 | 0.0 | 30693.30 | -64.28 | 0.0 | 858.83 | -61.96 | 0.0 | 29837.80 | -64.34 | 0.0 |
| 20Q1 (2) | 5.51 | 27450.0 | 0.0 | 0.00 | 0 | 0.0 | 16.51 | -99.72 | 0.0 | 85922.20 | -99.78 | 0.0 | 2257.93 | -99.69 | 0.0 | 83680.80 | -99.79 | 0.0 |
| 19Q4 (1) | 0.02 | 0.0 | 0.0 | 0.00 | 0.0 | 0.0 | 5971.88 | 0.0 | 0.0 | 39847700.00 | 0.0 | 0.0 | 736723.00 | 0.0 | 0.0 | 39117000.00 | 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) | 2536.00 | -22.1 | 0.28 | 40.0 | 0.14 | 27.27 | 1291.87 | -29.54 | 54.95 | 1.4 | 1237.07 | -30.48 |
| 2022 (9) | 3255.45 | 25.03 | 0.20 | 100.0 | 0.11 | -21.43 | 1833.56 | -50.58 | 54.19 | -44.78 | 1779.49 | -50.73 |
| 2021 (8) | 2603.80 | 2343.51 | 0.10 | 400.0 | 0.14 | -95.92 | 3709.92 | -82.61 | 98.14 | -82.58 | 3611.92 | -82.62 |
| 2020 (7) | 106.56 | 1557.23 | 0.02 | 0 | 3.43 | -93.96 | 21337.90 | -86.75 | 563.33 | -80.56 | 20778.00 | -86.86 |
| 2019 (6) | 6.43 | -96.5 | 0.00 | 0 | 56.78 | 2753.27 | 161002.00 | 2485.52 | 2898.45 | 2366.56 | 158160.00 | 2487.9 |
| 2018 (5) | 183.62 | -95.11 | 0.06 | -81.25 | 1.99 | 1890.0 | 6227.06 | 450.81 | 117.51 | 64.51 | 6111.53 | 477.0 |
| 2017 (4) | 3755.23 | 6622.57 | 0.32 | 33.33 | 0.10 | -98.47 | 1130.52 | -24.16 | 71.43 | -50.66 | 1059.19 | -21.69 |
| 2016 (3) | 55.86 | 10.75 | 0.24 | 4.35 | 6.53 | -9.81 | 1490.72 | -6.58 | 144.77 | -3.89 | 1352.49 | -6.87 |
| 2015 (2) | 50.44 | 90.41 | 0.23 | 2200.0 | 7.24 | -47.46 | 1595.68 | -97.41 | 150.63 | -97.79 | 1452.29 | -97.35 |
| 2014 (1) | 26.49 | -82.1 | 0.01 | -98.55 | 13.78 | 457.89 | 61547.90 | 11616.27 | 6805.48 | 8235.96 | 54756.20 | 12173.32 |
