- 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 | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 23Q4 (20) | 3.05 | 12.55 | -11.59 | 1.65 | 17.02 | 81.32 | 29.81 | -11.12 | 12.92 | 55.20 | -14.23 | -44.74 | 8.57 | -3.38 | -4.78 | 76.44 | -14.14 | -34.83 |
| 23Q3 (19) | 2.71 | -24.93 | -13.42 | 1.41 | 5.22 | 63.95 | 33.54 | 33.04 | 15.54 | 64.36 | -5.48 | -39.19 | 8.87 | -13.97 | -26.88 | 89.03 | 7.27 | -27.46 |
| 23Q2 (18) | 3.61 | -3.99 | 10.4 | 1.34 | 7.2 | 24.07 | 25.21 | 4.13 | -9.38 | 68.09 | -6.29 | -19.47 | 10.31 | -3.46 | -19.83 | 83.00 | -3.7 | -16.59 |
| 23Q1 (17) | 3.76 | 8.99 | 0.8 | 1.25 | 37.36 | -4.58 | 24.21 | -8.3 | -0.7 | 72.66 | -27.26 | 4.5 | 10.68 | 18.67 | 16.59 | 86.19 | -26.52 | 1.71 |
| 22Q4 (16) | 3.45 | 10.22 | -7.75 | 0.91 | 5.81 | -11.65 | 26.40 | -9.06 | 8.51 | 99.89 | -5.62 | 12.68 | 9.00 | -25.8 | -26.35 | 117.30 | -4.43 | 16.43 |
| 22Q3 (15) | 3.13 | -4.28 | 3.64 | 0.86 | -20.37 | -18.1 | 29.03 | 4.35 | -3.55 | 105.84 | 25.18 | 22.51 | 12.13 | -5.68 | -7.9 | 122.74 | 23.34 | 18.78 |
| 22Q2 (14) | 3.27 | -12.33 | -3.82 | 1.08 | -17.56 | -28.0 | 27.82 | 14.11 | 3.96 | 84.55 | 21.6 | 39.34 | 12.86 | 40.39 | 23.65 | 99.51 | 17.43 | 29.17 |
| 22Q1 (13) | 3.73 | -0.27 | 6.88 | 1.31 | 27.18 | -27.22 | 24.38 | 0.21 | -6.63 | 69.53 | -21.57 | 37.41 | 9.16 | -25.04 | -17.18 | 84.74 | -15.89 | 29.08 |
| 21Q4 (12) | 3.74 | 23.84 | 12.65 | 1.03 | -1.9 | -41.48 | 24.33 | -19.17 | -11.2 | 88.65 | 2.62 | 71.57 | 12.22 | -7.21 | 10.59 | 100.75 | -2.5 | 48.12 |
| 21Q3 (11) | 3.02 | -11.18 | -17.49 | 1.05 | -30.0 | -38.6 | 30.10 | 12.48 | 20.98 | 86.39 | 42.37 | 62.54 | 13.17 | 26.63 | 32.63 | 103.33 | 34.13 | 51.73 |
| 21Q2 (10) | 3.40 | -2.58 | -11.69 | 1.50 | -16.67 | 4.17 | 26.76 | 2.49 | 13.1 | 60.68 | 19.92 | -3.79 | 10.40 | -5.97 | 6.78 | 77.04 | 17.35 | 0.06 |
| 21Q1 (9) | 3.49 | 5.12 | -12.97 | 1.80 | 2.27 | 33.33 | 26.11 | -4.71 | 15.17 | 50.60 | -2.07 | -24.67 | 11.06 | 0.09 | 39.82 | 65.65 | -3.48 | -19.87 |
| 20Q4 (8) | 3.32 | -9.29 | 17.31 | 1.76 | 2.92 | 46.67 | 27.40 | 10.13 | -14.91 | 51.67 | -2.78 | -31.8 | 11.05 | 11.28 | 9.62 | 68.02 | -0.12 | -30.51 |
| 20Q3 (7) | 3.66 | -4.94 | 32.13 | 1.71 | 18.75 | 8.23 | 24.88 | 5.16 | -24.33 | 53.15 | -15.73 | -7.81 | 9.93 | 1.95 | 0.91 | 68.10 | -11.55 | -15.6 |
| 20Q2 (6) | 3.85 | -3.99 | 27.48 | 1.44 | 6.67 | 2.13 | 23.66 | 4.37 | -21.6 | 63.07 | -6.1 | -2.31 | 9.74 | 23.14 | -11.78 | 76.99 | -6.03 | -8.02 |
| 20Q1 (5) | 4.01 | 41.7 | 29.77 | 1.35 | 12.5 | 2.27 | 22.67 | -29.6 | -23.15 | 67.17 | -11.34 | -2.35 | 7.91 | -21.53 | -30.37 | 81.93 | -16.3 | -5.74 |
| 19Q4 (4) | 2.83 | 2.17 | 0.0 | 1.20 | -24.05 | 0.0 | 32.20 | -2.07 | 0.0 | 75.76 | 31.41 | 0.0 | 10.08 | 2.44 | 0.0 | 97.88 | 21.3 | 0.0 |
| 19Q3 (3) | 2.77 | -8.28 | 0.0 | 1.58 | 12.06 | 0.0 | 32.88 | 8.95 | 0.0 | 57.65 | -10.7 | 0.0 | 9.84 | -10.87 | 0.0 | 80.69 | -3.6 | 0.0 |
| 19Q2 (2) | 3.02 | -2.27 | 0.0 | 1.41 | 6.82 | 0.0 | 30.18 | 2.31 | 0.0 | 64.56 | -6.15 | 0.0 | 11.04 | -2.82 | 0.0 | 83.70 | -3.7 | 0.0 |
| 19Q1 (1) | 3.09 | 0.0 | 0.0 | 1.32 | 0.0 | 0.0 | 29.50 | 0.0 | 0.0 | 68.79 | 0.0 | 0.0 | 11.36 | 0.0 | 0.0 | 86.92 | 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) | 16.71 | 5.89 | 5.71 | 28.31 | 21.84 | -5.58 | 63.87 | -22.2 | 8.86 | -7.52 | 76.85 | -19.65 |
| 2022 (9) | 15.78 | -0.44 | 4.45 | -16.82 | 23.13 | 0.43 | 82.10 | 20.4 | 9.58 | -5.62 | 95.65 | 17.98 |
| 2021 (8) | 15.85 | 33.19 | 5.35 | 2.49 | 23.03 | -24.93 | 68.19 | -2.47 | 10.15 | -5.05 | 81.07 | -9.84 |
| 2020 (7) | 11.90 | -6.23 | 5.22 | 3.16 | 30.68 | 6.68 | 69.92 | -2.98 | 10.69 | 15.19 | 89.92 | -1.78 |
| 2019 (6) | 12.69 | -8.44 | 5.06 | 1.0 | 28.76 | 9.19 | 72.07 | -1.15 | 9.28 | -14.78 | 91.55 | 3.61 |
| 2018 (5) | 13.86 | -17.01 | 5.01 | -18.27 | 26.34 | 20.49 | 72.91 | 22.37 | 10.89 | 0.83 | 88.36 | 25.08 |
| 2017 (4) | 16.70 | -6.44 | 6.13 | -16.49 | 21.86 | 6.89 | 59.58 | 19.78 | 10.80 | -2.44 | 70.64 | 19.51 |
| 2016 (3) | 17.85 | -6.2 | 7.34 | 7.0 | 20.45 | 6.62 | 49.74 | -6.52 | 11.07 | 14.01 | 59.11 | -5.7 |
| 2015 (2) | 19.03 | 14.02 | 6.86 | -10.21 | 19.18 | -12.3 | 53.21 | 11.41 | 9.71 | 11.48 | 62.68 | 2.89 |
| 2014 (1) | 16.69 | 17.37 | 7.64 | 4.37 | 21.87 | -14.8 | 47.76 | -4.23 | 8.71 | -18.45 | 60.92 | -6.07 |
