- 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) | 1.89 | 1011.76 | 1618.18 | 2.32 | 1833.33 | 329.63 | 48.06 | -90.92 | -94.42 | 39.23 | -94.7 | -76.86 | 1.73 | -96.47 | -97.23 | 85.56 | -92.99 | -91.16 |
| 23Q3 (19) | 0.17 | 325.0 | 183.33 | 0.12 | -81.54 | -76.47 | 529.18 | -75.59 | -67.15 | 740.71 | 432.0 | 314.64 | 48.99 | 26.43 | 2961.88 | 1220.90 | -46.19 | -31.72 |
| 23Q2 (18) | 0.04 | -55.56 | -50.0 | 0.65 | -1.52 | 12.07 | 2168.26 | 115.83 | 92.63 | 139.23 | 1.47 | -10.68 | 38.75 | -34.99 | -59.36 | 2268.73 | 109.64 | 91.27 |
| 23Q1 (17) | 0.09 | -18.18 | -40.0 | 0.66 | 22.22 | -45.45 | 1004.60 | 16.7 | 65.54 | 137.21 | -19.06 | 82.36 | 59.61 | -4.41 | 13.46 | 1082.20 | 11.8 | 71.9 |
| 22Q4 (16) | 0.11 | 83.33 | 37.5 | 0.54 | 5.88 | -26.03 | 860.82 | -46.57 | -20.08 | 169.52 | -5.11 | 36.61 | 62.36 | 3797.5 | 59.49 | 967.98 | -45.87 | -16.7 |
| 22Q3 (15) | 0.06 | -25.0 | -33.33 | 0.51 | -12.07 | -40.0 | 1611.14 | 43.13 | 53.34 | 178.64 | 14.61 | 66.36 | 1.60 | -98.32 | -92.85 | 1788.17 | 50.75 | 57.46 |
| 22Q2 (14) | 0.08 | -46.67 | 14.29 | 0.58 | -52.07 | -31.76 | 1125.63 | 85.49 | -18.58 | 155.87 | 107.16 | 45.92 | 95.34 | 81.46 | 522.73 | 1186.16 | 88.41 | -19.53 |
| 22Q1 (13) | 0.15 | 87.5 | 275.0 | 1.21 | 65.75 | 51.25 | 606.85 | -43.66 | -73.77 | 75.24 | -39.37 | -33.66 | 52.54 | 34.37 | 96.71 | 629.55 | -45.82 | -73.78 |
| 21Q4 (12) | 0.08 | -11.11 | -52.94 | 0.73 | -14.12 | -55.21 | 1077.04 | 2.51 | 98.49 | 124.09 | 15.56 | 122.78 | 39.10 | 74.63 | 86.28 | 1162.03 | 2.32 | 101.28 |
| 21Q3 (11) | 0.09 | 28.57 | -98.68 | 0.85 | 0.0 | -60.28 | 1050.68 | -24.0 | 7764.37 | 107.38 | 0.52 | 152.54 | 22.39 | 46.24 | 132.26 | 1135.67 | -22.95 | 2356.03 |
| 21Q2 (10) | 0.07 | 75.0 | -99.73 | 0.85 | 6.25 | -53.8 | 1382.47 | -40.25 | 39740.63 | 106.82 | -5.81 | 115.89 | 15.31 | -42.68 | 1888.31 | 1473.98 | -38.6 | 2724.26 |
| 21Q1 (9) | 0.04 | -76.47 | -99.59 | 0.80 | -50.92 | -23.08 | 2313.89 | 326.43 | 24515.85 | 113.41 | 103.61 | 29.48 | 26.71 | 27.25 | 13.32 | 2400.59 | 315.81 | 3169.67 |
| 20Q4 (8) | 0.17 | -97.5 | -96.88 | 1.63 | -23.83 | 77.17 | 542.62 | 3961.53 | 3147.28 | 55.70 | 31.0 | -43.85 | 20.99 | 117.74 | -43.18 | 577.33 | 1148.55 | 631.17 |
| 20Q3 (7) | 6.81 | -74.03 | -43.44 | 2.14 | 16.3 | -2.73 | 13.36 | 285.01 | 76.72 | 42.52 | -14.07 | 2.85 | 9.64 | 1151.95 | 15.59 | 46.24 | -11.4 | 14.0 |
| 20Q2 (6) | 26.22 | 170.87 | 292.51 | 1.84 | 76.92 | -33.57 | 3.47 | -63.09 | -74.52 | 49.48 | -43.51 | 50.53 | 0.77 | -96.73 | -78.06 | 52.19 | -28.92 | 21.43 |
| 20Q1 (5) | 9.68 | 77.94 | 586.52 | 1.04 | 13.04 | -14.05 | 9.40 | -43.75 | -85.41 | 87.59 | -11.69 | 16.23 | 23.57 | -36.19 | 63.68 | 73.42 | -7.02 | -41.45 |
| 19Q4 (4) | 5.44 | -54.82 | 0.0 | 0.92 | -58.18 | 0.0 | 16.71 | 121.03 | 0.0 | 99.19 | 139.94 | 0.0 | 36.94 | 342.93 | 0.0 | 78.96 | 94.67 | 0.0 |
| 19Q3 (3) | 12.04 | 80.24 | 0.0 | 2.20 | -20.58 | 0.0 | 7.56 | -44.49 | 0.0 | 41.34 | 25.77 | 0.0 | 8.34 | 137.61 | 0.0 | 40.56 | -5.63 | 0.0 |
| 19Q2 (2) | 6.68 | 373.76 | 0.0 | 2.77 | 128.93 | 0.0 | 13.62 | -78.86 | 0.0 | 32.87 | -56.38 | 0.0 | 3.51 | -75.62 | 0.0 | 42.98 | -65.72 | 0.0 |
| 19Q1 (1) | 1.41 | 0.0 | 0.0 | 1.21 | 0.0 | 0.0 | 64.43 | 0.0 | 0.0 | 75.36 | 0.0 | 0.0 | 14.40 | 0.0 | 0.0 | 125.39 | 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) | 2.05 | 400.0 | 14.32 | 353.16 | 178.28 | -80.05 | 25.49 | -77.9 | 17.04 | -69.64 | 186.72 | -80.41 |
| 2022 (9) | 0.41 | 41.38 | 3.16 | -24.22 | 893.81 | -28.75 | 115.33 | 31.76 | 56.12 | 204.01 | 953.02 | -28.0 |
| 2021 (8) | 0.29 | -85.99 | 4.17 | -7.95 | 1254.52 | 610.7 | 87.53 | 8.69 | 18.46 | -55.73 | 1323.58 | 514.65 |
| 2020 (7) | 2.07 | -24.73 | 4.53 | 9.69 | 176.52 | 33.17 | 80.53 | -8.83 | 41.70 | 2.13 | 215.34 | 19.6 |
| 2019 (6) | 2.75 | -73.33 | 4.13 | -0.48 | 132.55 | 274.33 | 88.33 | 0.35 | 40.83 | 289.23 | 180.05 | 59.42 |
| 2018 (5) | 10.31 | -97.91 | 4.15 | 54.28 | 35.41 | 4685.14 | 88.02 | -35.25 | 10.49 | -30.21 | 112.94 | -7.16 |
| 2017 (4) | 492.54 | 769.14 | 2.69 | -14.33 | 0.74 | -88.51 | 135.94 | 17.0 | 15.03 | -44.88 | 121.65 | 27.56 |
| 2016 (3) | 56.67 | 318.54 | 3.14 | -51.69 | 6.44 | -76.1 | 116.19 | 106.78 | 27.27 | 65.17 | 95.37 | 43.11 |
| 2015 (2) | 13.54 | 70.1 | 6.50 | 135.51 | 26.95 | -41.25 | 56.19 | -57.55 | 16.51 | -62.0 | 66.64 | -50.56 |
| 2014 (1) | 7.96 | -45.52 | 2.76 | -61.34 | 45.87 | 83.63 | 132.37 | 158.84 | 43.45 | 142.74 | 134.79 | 131.52 |
