- 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) | 0.82 | -5.75 | 5.13 | 0.41 | -8.89 | 2.5 | 111.35 | 6.21 | -4.45 | 219.99 | 7.69 | -2.43 | 110.93 | -4.49 | -18.53 | 220.42 | 14.22 | 7.08 |
| 23Q3 (19) | 0.87 | -3.33 | 11.54 | 0.45 | -8.16 | -4.26 | 104.84 | 3.27 | -9.97 | 204.29 | 9.61 | 6.27 | 116.15 | 7.24 | -12.66 | 192.98 | 7.46 | 9.83 |
| 23Q2 (18) | 0.90 | 9.76 | 7.14 | 0.49 | 25.64 | -14.04 | 101.52 | -8.57 | -6.69 | 186.38 | -19.52 | 16.02 | 108.31 | -18.47 | -11.9 | 179.59 | -14.39 | 22.58 |
| 23Q1 (17) | 0.82 | 5.13 | -6.82 | 0.39 | -2.5 | -39.06 | 111.04 | -4.71 | 7.83 | 231.58 | 2.71 | 62.9 | 132.84 | -2.44 | 24.44 | 209.78 | 1.91 | 51.59 |
| 22Q4 (16) | 0.78 | 0.0 | -25.71 | 0.40 | -14.89 | -39.39 | 116.53 | 0.07 | 35.09 | 225.47 | 17.29 | 63.27 | 136.16 | 2.39 | 44.39 | 205.84 | 17.15 | 58.25 |
| 22Q3 (15) | 0.78 | -7.14 | -13.33 | 0.47 | -17.54 | -18.97 | 116.45 | 7.03 | 14.56 | 192.23 | 19.66 | 23.22 | 132.98 | 8.17 | 20.25 | 175.70 | 19.92 | 19.48 |
| 22Q2 (14) | 0.84 | -4.55 | -25.66 | 0.57 | -10.94 | -22.97 | 108.80 | 5.65 | 35.54 | 160.65 | 13.01 | 29.93 | 122.94 | 15.17 | 24.6 | 146.51 | 5.87 | 39.22 |
| 22Q1 (13) | 0.88 | -16.19 | -2.22 | 0.64 | -3.03 | -8.57 | 102.98 | 19.38 | 1.4 | 142.16 | 2.94 | 10.09 | 106.75 | 13.2 | -5.14 | 138.39 | 6.4 | 17.12 |
| 21Q4 (12) | 1.05 | 16.67 | 2.94 | 0.66 | 13.79 | -41.59 | 86.26 | -15.14 | -3.57 | 138.10 | -11.47 | 70.79 | 94.30 | -14.73 | -2.97 | 130.07 | -11.55 | 77.89 |
| 21Q3 (11) | 0.90 | -20.35 | -39.6 | 0.58 | -21.62 | -67.23 | 101.65 | 26.64 | 66.45 | 156.00 | 26.17 | 204.27 | 110.59 | 12.08 | 57.16 | 147.05 | 39.73 | 250.37 |
| 21Q2 (10) | 1.13 | 25.56 | -34.3 | 0.74 | 5.71 | -56.47 | 80.27 | -20.96 | -23.96 | 123.64 | -4.25 | 15.2 | 98.67 | -12.32 | 3.89 | 105.24 | -10.93 | -10.75 |
| 21Q1 (9) | 0.90 | -11.76 | 42.86 | 0.70 | -38.05 | 48.94 | 101.56 | 13.54 | -29.51 | 129.13 | 59.7 | -33.47 | 112.53 | 15.78 | -21.78 | 118.16 | 61.6 | -39.19 |
| 20Q4 (8) | 1.02 | -31.54 | 7.37 | 1.13 | -36.16 | 18.95 | 89.45 | 46.47 | -6.44 | 80.86 | 57.71 | -15.51 | 97.19 | 38.11 | 1.07 | 73.12 | 74.22 | -23.16 |
| 20Q3 (7) | 1.49 | -13.37 | 17.32 | 1.77 | 4.12 | 26.43 | 61.07 | -42.15 | -15.03 | 51.27 | -52.23 | -21.18 | 70.37 | -25.91 | -8.19 | 41.97 | -64.41 | -30.37 |
| 20Q2 (6) | 1.72 | 173.02 | 0.0 | 1.70 | 261.7 | 18.06 | 105.56 | -26.74 | -0.49 | 107.33 | -44.7 | -15.29 | 94.98 | -33.98 | -15.44 | 117.91 | -39.32 | -2.12 |
| 20Q1 (5) | 0.63 | -33.68 | 0 | 0.47 | -50.53 | 0 | 144.08 | 50.7 | 0 | 194.08 | 102.8 | 0 | 143.87 | 49.62 | 0 | 194.30 | 104.18 | 0 |
| 19Q4 (4) | 0.95 | -25.2 | 0.0 | 0.95 | -32.14 | 0.0 | 95.61 | 33.03 | 0.0 | 95.70 | 47.12 | 0.0 | 96.16 | 25.45 | 0.0 | 95.16 | 57.86 | 0.0 |
| 19Q3 (3) | 1.27 | -26.16 | 0.0 | 1.40 | -2.78 | 0.0 | 71.87 | -32.25 | 0.0 | 65.05 | -48.66 | 0.0 | 76.65 | -31.76 | 0.0 | 60.28 | -49.96 | 0.0 |
| 19Q2 (2) | 1.72 | 0 | 0.0 | 1.44 | 0 | 0.0 | 106.08 | 0 | 0.0 | 126.70 | 0 | 0.0 | 112.32 | 0 | 0.0 | 120.46 | 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) | 3.73 | 1.91 | 1.70 | -22.02 | 97.91 | -1.94 | 215.33 | 28.81 | 115.49 | 4.01 | 197.75 | 26.78 |
| 2022 (9) | 3.66 | 0.55 | 2.18 | -28.05 | 99.85 | -0.3 | 167.17 | 38.96 | 111.04 | 14.02 | 155.98 | 26.76 |
| 2021 (8) | 3.64 | -31.58 | 3.03 | -33.26 | 100.15 | 45.93 | 120.30 | 49.7 | 97.39 | 30.62 | 123.05 | 65.32 |
| 2020 (7) | 5.32 | 29.13 | 4.54 | 16.71 | 68.63 | -22.61 | 80.36 | -14.37 | 74.56 | -20.49 | 74.43 | -16.14 |
| 2019 (6) | 4.12 | -33.12 | 3.89 | -43.38 | 88.68 | 49.57 | 93.85 | 76.71 | 93.78 | 82.52 | 88.75 | 45.44 |
| 2018 (5) | 6.16 | 31.06 | 6.87 | 21.38 | 59.29 | -23.63 | 53.11 | -17.58 | 51.38 | -17.73 | 61.02 | -23.38 |
| 2017 (4) | 4.70 | 0 | 5.66 | 0 | 77.64 | 0 | 64.44 | 0 | 62.45 | 0 | 79.64 | 0 |
