- 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) | 1.53 | 6.99 | -1.92 | 1.81 | 14.56 | 1.12 | 59.31 | -6.83 | 1.42 | 50.16 | -13.17 | -1.51 | 49.53 | -14.1 | -7.61 | 59.94 | -6.01 | 7.4 |
| 24Q2 (19) | 1.43 | 15.32 | -12.8 | 1.58 | -4.24 | 7.48 | 63.66 | -13.42 | 14.95 | 57.77 | 5.02 | -6.82 | 57.66 | -7.95 | 9.6 | 63.77 | -3.23 | -1.54 |
| 24Q1 (18) | 1.24 | -7.46 | -8.15 | 1.65 | -15.38 | 38.66 | 73.53 | 7.97 | 8.76 | 55.01 | 17.74 | -27.77 | 62.64 | 11.4 | 6.22 | 65.90 | 12.48 | -22.29 |
| 23Q4 (17) | 1.34 | -14.1 | 7.2 | 1.95 | 8.94 | 58.54 | 68.10 | 16.45 | -6.67 | 46.72 | -8.27 | -36.9 | 56.23 | 4.89 | -12.59 | 58.59 | 4.98 | -29.14 |
| 23Q3 (16) | 1.56 | -4.88 | 12.23 | 1.79 | 21.77 | 19.33 | 58.48 | 5.6 | -10.46 | 50.93 | -17.85 | -15.92 | 53.61 | 1.9 | -0.57 | 55.81 | -13.83 | -22.45 |
| 23Q2 (15) | 1.64 | 21.48 | 20.59 | 1.47 | 23.53 | 15.75 | 55.38 | -18.09 | -17.11 | 62.00 | -18.59 | -13.49 | 52.61 | -10.79 | -12.58 | 64.77 | -23.62 | -17.27 |
| 23Q1 (14) | 1.35 | 8.0 | 8.0 | 1.19 | -3.25 | -0.83 | 67.61 | -7.35 | -7.17 | 76.16 | 2.86 | 0.16 | 58.97 | -8.33 | -10.3 | 84.80 | 2.56 | 2.01 |
| 22Q4 (13) | 1.25 | -10.07 | -13.19 | 1.23 | -18.0 | -8.89 | 72.97 | 11.73 | 15.73 | 74.04 | 22.24 | 9.98 | 64.33 | 19.31 | 10.8 | 82.68 | 14.88 | 14.33 |
| 22Q3 (12) | 1.39 | 2.21 | 3.73 | 1.50 | 18.11 | 16.28 | 65.31 | -2.25 | -4.1 | 60.57 | -15.49 | -14.17 | 53.92 | -10.4 | -14.45 | 71.97 | -8.07 | -4.85 |
| 22Q2 (11) | 1.36 | 8.8 | -1.45 | 1.27 | 5.83 | -12.41 | 66.81 | -8.27 | 1.61 | 71.67 | -5.75 | 14.36 | 60.18 | -8.46 | 3.54 | 78.29 | -5.82 | 11.37 |
| 22Q1 (10) | 1.25 | -13.19 | 6.84 | 1.20 | -11.11 | -7.69 | 72.83 | 15.51 | -6.11 | 76.04 | 12.95 | 8.92 | 65.74 | 13.23 | -6.74 | 83.13 | 14.95 | 8.12 |
| 21Q4 (9) | 1.44 | 7.46 | 16.13 | 1.35 | 4.65 | -18.18 | 63.05 | -7.42 | -13.83 | 67.32 | -4.61 | 22.2 | 58.06 | -7.89 | -10.83 | 72.32 | -4.39 | 14.54 |
| 21Q3 (8) | 1.34 | -2.9 | -3.6 | 1.29 | -11.03 | -35.18 | 68.10 | 3.57 | 3.99 | 70.57 | 12.61 | 54.05 | 63.03 | 8.45 | 20.03 | 75.64 | 7.6 | 28.66 |
| 21Q2 (7) | 1.38 | 17.95 | -6.76 | 1.45 | 11.54 | -13.17 | 65.75 | -15.24 | 7.05 | 62.67 | -10.23 | 15.33 | 58.12 | -17.55 | 11.86 | 70.30 | -8.57 | 10.19 |
| 21Q1 (6) | 1.17 | -5.65 | -7.14 | 1.30 | -21.21 | -7.8 | 77.57 | 6.01 | 7.07 | 69.81 | 26.72 | 7.9 | 70.49 | 8.26 | 11.41 | 76.89 | 21.78 | 4.09 |
| 20Q4 (5) | 1.24 | -10.79 | -3.88 | 1.65 | -17.09 | -5.71 | 73.17 | 11.73 | 3.54 | 55.09 | 20.26 | 6.13 | 65.11 | 24.0 | 12.26 | 63.14 | 7.4 | -2.23 |
| 20Q3 (4) | 1.39 | -6.08 | 0.0 | 1.99 | 19.16 | 0.0 | 65.49 | 6.63 | 0.0 | 45.81 | -15.7 | 0.0 | 52.51 | 1.06 | 0.0 | 58.79 | -7.85 | 0.0 |
| 20Q2 (3) | 1.48 | 17.46 | 0.0 | 1.67 | 18.44 | 0.0 | 61.42 | -15.22 | 0.0 | 54.34 | -16.01 | 0.0 | 51.96 | -17.88 | 0.0 | 63.80 | -13.63 | 0.0 |
| 20Q1 (2) | 1.26 | -2.33 | 0.0 | 1.41 | -19.43 | 0.0 | 72.45 | 2.52 | 0.0 | 64.70 | 24.64 | 0.0 | 63.27 | 9.09 | 0.0 | 73.87 | 14.39 | 0.0 |
| 19Q4 (1) | 1.29 | 0.0 | 0.0 | 1.75 | 0.0 | 0.0 | 70.67 | 0.0 | 0.0 | 51.91 | 0.0 | 0.0 | 58.00 | 0.0 | 0.0 | 64.58 | 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) | 5.68 | -2.24 | 6.62 | 19.93 | 64.23 | 2.21 | 55.12 | -16.61 | 53.85 | -3.8 | 65.49 | -10.23 |
| 2022 (9) | 5.81 | 9.42 | 5.52 | -4.0 | 62.84 | -8.62 | 66.10 | 4.21 | 55.98 | -12.08 | 72.95 | 6.45 |
| 2021 (8) | 5.31 | -2.03 | 5.75 | -9.02 | 68.77 | 2.14 | 63.43 | 9.91 | 63.67 | -2.05 | 68.53 | 14.14 |
| 2020 (7) | 5.42 | -5.9 | 6.32 | -8.8 | 67.33 | 6.35 | 57.71 | 9.57 | 65.00 | 7.81 | 60.04 | 7.81 |
| 2019 (6) | 5.76 | 4.73 | 6.93 | -1.56 | 63.31 | -4.61 | 52.67 | 1.52 | 60.29 | -8.09 | 55.69 | 5.77 |
| 2018 (5) | 5.50 | 10.44 | 7.04 | -6.75 | 66.37 | -9.38 | 51.88 | 7.37 | 65.60 | -5.24 | 52.65 | 0.59 |
| 2017 (4) | 4.98 | -1.39 | 7.55 | -4.07 | 73.24 | 1.31 | 48.32 | 4.18 | 69.23 | 3.02 | 52.34 | 1.69 |
| 2016 (3) | 5.05 | 2.02 | 7.87 | 4.52 | 72.29 | -1.97 | 46.38 | -4.37 | 67.20 | 2.71 | 51.47 | -9.4 |
| 2015 (2) | 4.95 | -1.59 | 7.53 | 8.5 | 73.74 | 1.61 | 48.50 | -7.83 | 65.43 | 3.56 | 56.81 | -8.39 |
| 2014 (1) | 5.03 | -0.4 | 6.94 | 1.17 | 72.57 | 0.39 | 52.62 | -1.11 | 63.18 | 4.97 | 62.01 | -5.05 |
