- 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) | 2.75 | 3.77 | -26.86 | 0.69 | 13.11 | 27.78 | 33.13 | -3.47 | 36.73 | 131.49 | -11.34 | -21.61 | 67.01 | 15.65 | 19.11 | 97.61 | -21.72 | -28.08 |
| 23Q3 (19) | 2.65 | -12.83 | -25.35 | 0.61 | 3.39 | 12.96 | 34.32 | 14.74 | 33.85 | 148.31 | -4.59 | -11.77 | 57.94 | -1.43 | 24.55 | 124.69 | -1.49 | -15.3 |
| 23Q2 (18) | 3.04 | -32.89 | 2.01 | 0.59 | -16.9 | 43.9 | 29.91 | 48.81 | -2.06 | 155.44 | 20.56 | -29.83 | 58.78 | 13.91 | -25.69 | 126.57 | 29.92 | -26.82 |
| 23Q1 (17) | 4.53 | 20.48 | 3.19 | 0.71 | 31.48 | 26.79 | 20.10 | -17.04 | -3.13 | 128.93 | -23.14 | -20.97 | 51.60 | -8.28 | -34.17 | 97.42 | -28.22 | -7.67 |
| 22Q4 (16) | 3.76 | 5.92 | -39.45 | 0.54 | 0.0 | -31.65 | 24.23 | -5.5 | 65.39 | 167.74 | -0.21 | 46.36 | 56.26 | 20.94 | -1.45 | 135.72 | -7.81 | 88.06 |
| 22Q3 (15) | 3.55 | 19.13 | -40.83 | 0.54 | 31.71 | -20.59 | 25.64 | -16.04 | 69.02 | 168.09 | -24.12 | 24.97 | 46.52 | -41.19 | -26.47 | 147.22 | -14.88 | 70.41 |
| 22Q2 (14) | 2.98 | -32.12 | -44.09 | 0.41 | -26.79 | -35.94 | 30.54 | 47.18 | 79.02 | 221.51 | 35.78 | 55.82 | 79.10 | 0.92 | 5.21 | 172.95 | 63.92 | 105.79 |
| 22Q1 (13) | 4.39 | -29.31 | -0.9 | 0.56 | -29.11 | -26.32 | 20.75 | 41.64 | 1.02 | 163.14 | 42.34 | 35.87 | 78.38 | 37.29 | 0.65 | 105.51 | 46.2 | 68.17 |
| 21Q4 (12) | 6.21 | 3.5 | 51.83 | 0.79 | 16.18 | -15.05 | 14.65 | -3.43 | -34.13 | 114.61 | -14.79 | 16.9 | 57.09 | -9.77 | -17.67 | 72.17 | -16.46 | 41.68 |
| 21Q3 (11) | 6.00 | 12.57 | 38.57 | 0.68 | 6.25 | -45.6 | 15.17 | -11.08 | -27.8 | 134.50 | -5.39 | 85.01 | 63.27 | -15.84 | 36.36 | 86.39 | 2.8 | 82.6 |
| 21Q2 (10) | 5.33 | 20.32 | 101.13 | 0.64 | -15.79 | -15.79 | 17.06 | -16.94 | -50.32 | 142.16 | 18.4 | 18.83 | 75.18 | -3.45 | -10.77 | 84.04 | 33.95 | 20.56 |
| 21Q1 (9) | 4.43 | 8.31 | 168.48 | 0.76 | -18.28 | -3.8 | 20.54 | -7.64 | -62.73 | 120.07 | 22.47 | 3.8 | 77.87 | 12.3 | -14.19 | 62.74 | 23.16 | -21.6 |
| 20Q4 (8) | 4.09 | -5.54 | 119.89 | 0.93 | -25.6 | -13.89 | 22.24 | 5.85 | -54.58 | 98.04 | 34.86 | 16.87 | 69.34 | 49.44 | 34.59 | 50.94 | 7.67 | -37.36 |
| 20Q3 (7) | 4.33 | 63.4 | 140.56 | 1.25 | 64.47 | 34.41 | 21.01 | -38.82 | -58.34 | 72.70 | -39.23 | -25.75 | 46.40 | -44.93 | 13.42 | 47.31 | -32.13 | -55.96 |
| 20Q2 (6) | 2.65 | 60.61 | 81.51 | 0.76 | -3.8 | 0.0 | 34.34 | -37.69 | -44.91 | 119.63 | 3.42 | 0.45 | 84.25 | -7.16 | 127.21 | 69.71 | -12.9 | -51.71 |
| 20Q1 (5) | 1.65 | -11.29 | -5.71 | 0.79 | -26.85 | 6.76 | 55.11 | 12.56 | 5.8 | 115.67 | 37.88 | -5.98 | 90.75 | 76.15 | 121.23 | 80.03 | -1.59 | -40.32 |
| 19Q4 (4) | 1.86 | 3.33 | 0.0 | 1.08 | 16.13 | 0.0 | 48.96 | -2.91 | 0.0 | 83.89 | -14.32 | 0.0 | 51.52 | 25.93 | 0.0 | 81.32 | -24.3 | 0.0 |
| 19Q3 (3) | 1.80 | 23.29 | 0.0 | 0.93 | 22.37 | 0.0 | 50.43 | -19.09 | 0.0 | 97.91 | -17.79 | 0.0 | 40.91 | 10.33 | 0.0 | 107.43 | -25.58 | 0.0 |
| 19Q2 (2) | 1.46 | -16.57 | 0.0 | 0.76 | 2.7 | 0.0 | 62.33 | 19.66 | 0.0 | 119.10 | -3.19 | 0.0 | 37.08 | -9.61 | 0.0 | 144.36 | 7.65 | 0.0 |
| 19Q1 (1) | 1.75 | 0.0 | 0.0 | 0.74 | 0.0 | 0.0 | 52.09 | 0.0 | 0.0 | 123.03 | 0.0 | 0.0 | 41.02 | 0.0 | 0.0 | 134.10 | 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) | 16.97 | -4.5 | 2.58 | 25.85 | 21.51 | 4.72 | 141.40 | -20.72 | 67.23 | -17.08 | 95.68 | -18.78 |
| 2022 (9) | 17.77 | -19.19 | 2.05 | -25.45 | 20.54 | 23.73 | 178.35 | 34.2 | 81.08 | 3.79 | 117.81 | 65.05 |
| 2021 (8) | 21.99 | 137.73 | 2.75 | -16.92 | 16.60 | -57.93 | 132.90 | 20.48 | 78.12 | 0.13 | 71.38 | -0.53 |
| 2020 (7) | 9.25 | 31.21 | 3.31 | 3.44 | 39.46 | -23.73 | 110.31 | -3.35 | 78.02 | 37.46 | 71.76 | -34.23 |
| 2019 (6) | 7.05 | -2.62 | 3.20 | -1.23 | 51.74 | 2.62 | 114.13 | 1.3 | 56.76 | -4.51 | 109.11 | 5.28 |
| 2018 (5) | 7.24 | -19.56 | 3.24 | -15.18 | 50.42 | 24.34 | 112.66 | 17.76 | 59.44 | -13.97 | 103.64 | 54.41 |
| 2017 (4) | 9.00 | -10.09 | 3.82 | -4.74 | 40.55 | 11.19 | 95.67 | 5.15 | 69.09 | 8.65 | 67.12 | 5.1 |
| 2016 (3) | 10.01 | 122.44 | 4.01 | 21.15 | 36.47 | -55.0 | 90.98 | -17.4 | 63.59 | -1.87 | 63.86 | -49.47 |
| 2015 (2) | 4.50 | 9.22 | 3.31 | -34.58 | 81.04 | -8.55 | 110.15 | 52.6 | 64.80 | -9.66 | 126.39 | 41.9 |
| 2014 (1) | 4.12 | -1.67 | 5.06 | -26.35 | 88.62 | 1.75 | 72.18 | 35.88 | 71.73 | -13.34 | 89.07 | 55.07 |
