- 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) | 1.52 | -5.59 | 44.76 | 0.45 | -4.26 | 28.57 | 59.80 | 5.97 | -31.09 | 202.68 | 5.17 | -23.08 | 57.59 | -10.16 | -69.06 | 204.88 | 10.72 | 24.84 |
| 23Q3 (19) | 1.61 | -2.42 | 14.18 | 0.47 | 2.17 | -22.95 | 56.43 | 2.25 | -12.69 | 192.71 | -3.46 | 29.42 | 64.10 | 39.2 | -51.36 | 185.04 | -11.36 | 126.35 |
| 23Q2 (18) | 1.65 | 27.91 | 1.85 | 0.46 | 48.39 | -45.24 | 55.19 | -21.59 | -1.88 | 199.62 | -31.25 | 84.51 | 46.05 | -53.78 | -57.03 | 208.76 | -20.05 | 264.58 |
| 23Q1 (17) | 1.29 | 22.86 | -18.87 | 0.31 | -11.43 | -70.75 | 70.39 | -18.89 | 23.32 | 290.36 | 10.19 | 237.31 | 99.64 | -46.48 | -1.52 | 261.11 | 59.11 | 521.84 |
| 22Q4 (16) | 1.05 | -25.53 | -36.36 | 0.35 | -42.62 | -66.98 | 86.78 | 34.27 | 57.5 | 263.50 | 76.96 | 207.25 | 186.16 | 41.27 | 86.5 | 164.11 | 100.75 | 299.88 |
| 22Q3 (15) | 1.41 | -12.96 | -22.1 | 0.61 | -27.38 | -35.79 | 64.63 | 14.9 | 28.67 | 148.90 | 37.63 | 54.86 | 131.78 | 22.95 | 27.18 | 81.75 | 42.77 | 91.14 |
| 22Q2 (14) | 1.62 | 1.89 | -18.18 | 0.84 | -20.75 | -11.58 | 56.25 | -1.45 | 22.18 | 108.19 | 25.69 | 13.37 | 107.18 | 5.93 | 6.78 | 57.26 | 36.37 | 39.32 |
| 22Q1 (13) | 1.59 | -3.64 | 11.19 | 1.06 | 0.0 | 17.78 | 57.08 | 3.59 | -10.39 | 86.08 | 0.37 | -15.02 | 101.18 | 1.36 | -11.18 | 41.99 | 2.31 | -17.8 |
| 21Q4 (12) | 1.65 | -8.84 | 17.02 | 1.06 | 11.58 | -14.52 | 55.10 | 9.7 | -14.41 | 85.76 | -10.81 | 17.19 | 99.82 | -3.67 | 7.39 | 41.04 | -4.04 | -8.0 |
| 21Q3 (11) | 1.81 | -8.59 | 21.48 | 0.95 | 0.0 | -27.48 | 50.23 | 9.1 | -17.95 | 96.15 | 0.75 | 38.88 | 103.62 | 3.24 | 26.21 | 42.77 | 4.06 | -11.54 |
| 21Q2 (10) | 1.98 | 38.46 | 9.39 | 0.95 | 5.56 | -26.36 | 46.04 | -27.72 | -8.63 | 95.43 | -5.79 | 35.69 | 100.37 | -11.89 | 49.99 | 41.10 | -19.54 | -23.61 |
| 21Q1 (9) | 1.43 | 1.42 | 0 | 0.90 | -27.42 | 0 | 63.70 | -1.06 | 0 | 101.30 | 38.43 | 0 | 113.92 | 22.56 | 0 | 51.08 | 14.5 | 0 |
| 20Q4 (8) | 1.41 | -5.37 | 0 | 1.24 | -5.34 | 0 | 64.38 | 5.16 | 0 | 73.18 | 5.71 | 0 | 92.95 | 13.22 | 0 | 44.61 | -7.74 | 0 |
| 20Q3 (7) | 1.49 | -17.68 | 0 | 1.31 | 1.55 | 0 | 61.22 | 21.49 | 0 | 69.23 | -1.56 | 0 | 82.10 | 22.68 | 0 | 48.35 | -10.13 | 0 |
| 20Q2 (6) | 1.81 | 0 | 0 | 1.29 | 0 | 0 | 50.39 | 0 | 0 | 70.33 | 0 | 0 | 66.92 | 0 | 0 | 53.80 | 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) | 6.02 | -10.95 | 1.62 | -43.75 | 60.60 | 12.28 | 225.14 | 77.77 | 89.83 | -10.92 | 195.91 | 145.56 |
| 2022 (9) | 6.76 | 11.37 | 2.88 | -38.98 | 53.97 | -10.26 | 126.65 | 63.82 | 100.84 | 3.49 | 79.78 | 99.4 |
| 2021 (8) | 6.07 | -10.87 | 4.72 | -10.27 | 60.14 | 12.2 | 77.31 | 11.51 | 97.44 | 24.62 | 40.01 | -10.59 |
| 2020 (7) | 6.81 | -7.72 | 5.26 | 36.27 | 53.60 | 8.33 | 69.33 | -26.67 | 78.19 | 28.54 | 44.75 | -46.21 |
| 2019 (6) | 7.38 | 16.22 | 3.86 | 28.67 | 49.48 | -13.87 | 94.55 | -22.27 | 60.83 | 21.68 | 83.20 | -35.55 |
| 2018 (5) | 6.35 | 19.36 | 3.00 | -17.81 | 57.45 | -16.29 | 121.64 | 21.63 | 49.99 | -17.98 | 129.10 | 19.88 |
| 2017 (4) | 5.32 | -11.33 | 3.65 | -15.51 | 68.63 | 12.77 | 100.01 | 18.5 | 60.95 | -23.28 | 107.69 | 63.61 |
| 2016 (3) | 6.00 | -10.18 | 4.32 | 16.76 | 60.86 | 11.3 | 84.40 | -14.43 | 79.44 | -1.9 | 65.82 | -8.99 |
| 2015 (2) | 6.68 | -2.91 | 3.70 | -26.88 | 54.68 | 3.09 | 98.63 | 36.87 | 80.98 | 11.21 | 72.32 | 38.31 |
| 2014 (1) | 6.88 | 0 | 5.06 | 0 | 53.04 | 0 | 72.06 | 0 | 72.82 | 0 | 52.29 | 0 |
