- 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) | 1.03 | 15.73 | 6.19 | 1.10 | 12.24 | -8.33 | 88.00 | -14.07 | -6.27 | 82.89 | -10.51 | 9.51 | 62.10 | 5.18 | 26.35 | 108.80 | -20.01 | -9.66 |
| 24Q2 (19) | 0.89 | 3.49 | 28.99 | 0.98 | 7.69 | 5.38 | 102.41 | -2.84 | -22.24 | 92.63 | -6.96 | -5.26 | 59.04 | -10.72 | 1.93 | 136.01 | -2.03 | -20.72 |
| 24Q1 (18) | 0.86 | -18.87 | 50.88 | 0.91 | -18.02 | 12.35 | 105.40 | 23.15 | -34.19 | 99.56 | 21.3 | -11.9 | 66.13 | 9.29 | -11.38 | 138.83 | 29.55 | -30.08 |
| 23Q4 (17) | 1.06 | 9.28 | 60.61 | 1.11 | -7.5 | 14.43 | 85.59 | -8.84 | -37.91 | 82.08 | 8.44 | -12.35 | 60.51 | 23.11 | -15.63 | 107.16 | -11.02 | -32.93 |
| 23Q3 (16) | 0.97 | 40.58 | 27.63 | 1.20 | 29.03 | -2.44 | 93.89 | -28.71 | -21.17 | 75.69 | -22.58 | 2.31 | 49.15 | -15.14 | -28.19 | 120.43 | -29.8 | -3.39 |
| 23Q2 (15) | 0.69 | 21.05 | -34.29 | 0.93 | 14.81 | -38.0 | 131.70 | -17.77 | 51.9 | 97.77 | -13.49 | 61.66 | 57.92 | -22.38 | 13.97 | 171.55 | -13.6 | 78.03 |
| 23Q1 (14) | 0.57 | -13.64 | -39.36 | 0.81 | -16.49 | -28.95 | 160.16 | 16.19 | 65.8 | 113.01 | 20.69 | 40.96 | 74.62 | 4.04 | 29.39 | 198.55 | 24.27 | 66.72 |
| 22Q4 (13) | 0.66 | -13.16 | -42.11 | 0.97 | -21.14 | -21.77 | 137.84 | 15.72 | 72.6 | 93.64 | 26.57 | 27.19 | 71.72 | 4.79 | 31.96 | 159.77 | 28.16 | 61.16 |
| 22Q3 (12) | 0.76 | -27.62 | -15.56 | 1.23 | -18.0 | 8.85 | 119.11 | 37.38 | 17.19 | 73.98 | 22.32 | -8.12 | 68.44 | 34.67 | 23.29 | 124.66 | 29.37 | -1.56 |
| 22Q2 (11) | 1.05 | 11.7 | 22.09 | 1.50 | 31.58 | 37.61 | 86.70 | -10.25 | -18.42 | 60.48 | -24.56 | -27.39 | 50.82 | -11.88 | 1.03 | 96.36 | -19.09 | -30.82 |
| 22Q1 (10) | 0.94 | -17.54 | 17.5 | 1.14 | -8.06 | 14.0 | 96.60 | 20.96 | -14.55 | 80.17 | 8.9 | -12.24 | 57.67 | 6.11 | -14.35 | 119.09 | 20.12 | -13.12 |
| 21Q4 (9) | 1.14 | 26.67 | 26.67 | 1.24 | 9.73 | -14.48 | 79.86 | -21.43 | -20.6 | 73.62 | -8.57 | 16.93 | 54.35 | -2.09 | -25.75 | 99.14 | -21.72 | 9.74 |
| 21Q3 (8) | 0.90 | 4.65 | -21.05 | 1.13 | 3.67 | -46.19 | 101.64 | -4.37 | 27.1 | 80.52 | -3.34 | 85.66 | 55.51 | 10.36 | 2.87 | 126.64 | -9.08 | 82.56 |
| 21Q2 (7) | 0.86 | 7.5 | -23.21 | 1.09 | 9.0 | -28.29 | 106.28 | -5.99 | 30.61 | 83.30 | -8.81 | 39.07 | 50.30 | -25.29 | -14.67 | 139.28 | 1.61 | 69.19 |
| 21Q1 (6) | 0.80 | -11.11 | -1.23 | 1.00 | -31.03 | -2.91 | 113.05 | 12.4 | 0.18 | 91.35 | 45.09 | 3.61 | 67.33 | -8.02 | -32.96 | 137.07 | 51.73 | 36.29 |
| 20Q4 (5) | 0.90 | -21.05 | -25.0 | 1.45 | -30.95 | -14.71 | 100.58 | 25.77 | 32.94 | 62.96 | 45.17 | 17.42 | 73.20 | 35.66 | -4.38 | 90.34 | 30.23 | 71.33 |
| 20Q3 (4) | 1.14 | 1.79 | 0.0 | 2.10 | 38.16 | 0.0 | 79.97 | -1.72 | 0.0 | 43.37 | -27.6 | 0.0 | 53.96 | -8.46 | 0.0 | 69.37 | -15.73 | 0.0 |
| 20Q2 (3) | 1.12 | 38.27 | 0.0 | 1.52 | 47.57 | 0.0 | 81.37 | -27.9 | 0.0 | 59.90 | -32.06 | 0.0 | 58.95 | -41.31 | 0.0 | 82.32 | -18.15 | 0.0 |
| 20Q1 (2) | 0.81 | -32.5 | 0.0 | 1.03 | -39.41 | 0.0 | 112.85 | 49.15 | 0.0 | 88.17 | 64.43 | 0.0 | 100.44 | 31.21 | 0.0 | 100.57 | 90.73 | 0.0 |
| 19Q4 (1) | 1.20 | 0.0 | 0.0 | 1.70 | 0.0 | 0.0 | 75.66 | 0.0 | 0.0 | 53.62 | 0.0 | 0.0 | 76.55 | 0.0 | 0.0 | 52.73 | 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) | 3.03 | -15.36 | 3.90 | -17.2 | 120.59 | 18.31 | 93.53 | 20.7 | 67.84 | 18.42 | 146.28 | 19.77 |
| 2022 (9) | 3.58 | -7.97 | 4.71 | 1.51 | 101.93 | 8.76 | 77.49 | -1.51 | 57.29 | -16.39 | 122.13 | 17.57 |
| 2021 (8) | 3.89 | -13.17 | 4.64 | -21.49 | 93.72 | 15.01 | 78.68 | 27.29 | 68.52 | -4.49 | 103.88 | 45.19 |
| 2020 (7) | 4.48 | -3.66 | 5.91 | -10.45 | 81.49 | 3.93 | 61.81 | 11.69 | 71.74 | 0.6 | 71.55 | 14.59 |
| 2019 (6) | 4.65 | 11.51 | 6.60 | 17.23 | 78.41 | -10.36 | 55.34 | -14.7 | 71.31 | -11.95 | 62.44 | -12.5 |
| 2018 (5) | 4.17 | -16.93 | 5.63 | -2.43 | 87.47 | 20.22 | 64.88 | 2.51 | 80.99 | 7.2 | 71.36 | 17.97 |
| 2017 (4) | 5.02 | -20.32 | 5.77 | 25.43 | 72.76 | 25.64 | 63.29 | -20.25 | 75.55 | -1.58 | 60.49 | -0.05 |
| 2016 (3) | 6.30 | -10.51 | 4.60 | 13.3 | 57.91 | 11.67 | 79.36 | -11.75 | 76.76 | -16.11 | 60.52 | 20.34 |
| 2015 (2) | 7.04 | 62.21 | 4.06 | 5.73 | 51.86 | -38.31 | 89.93 | -5.51 | 91.50 | -1.78 | 50.29 | -41.58 |
| 2014 (1) | 4.34 | 21.23 | 3.84 | -2.29 | 84.07 | -17.43 | 95.17 | 2.58 | 93.16 | -9.58 | 86.08 | -6.01 |
