- 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) | 1.98 | -16.46 | -22.96 | 11.02 | -28.21 | -2.99 | 45.96 | 19.84 | 30.05 | 8.26 | 39.29 | 3.12 | 17.60 | 8.31 | 18.28 | 36.61 | 30.61 | 28.55 |
| 23Q3 (19) | 2.37 | 4.41 | -15.36 | 15.35 | 2.54 | 74.43 | 38.35 | -4.53 | 18.22 | 5.93 | -2.47 | -42.65 | 16.25 | -4.41 | 12.38 | 28.03 | -4.17 | -1.02 |
| 23Q2 (18) | 2.27 | 20.74 | -23.83 | 14.97 | 21.02 | 88.07 | 40.17 | -16.97 | 31.4 | 6.08 | -17.39 | -46.85 | 17.00 | -12.01 | -6.03 | 29.25 | -19.69 | 22.33 |
| 23Q1 (17) | 1.88 | -26.85 | -25.98 | 12.37 | 8.89 | 55.01 | 48.38 | 36.9 | 35.06 | 7.36 | -8.11 | -35.44 | 19.32 | 29.84 | 3.21 | 36.42 | 27.88 | 27.79 |
| 22Q4 (16) | 2.57 | -8.21 | 6.2 | 11.36 | 29.09 | 45.27 | 35.34 | 8.94 | -5.94 | 8.01 | -22.53 | -31.19 | 14.88 | 2.9 | -22.01 | 28.48 | 0.56 | -5.48 |
| 22Q3 (15) | 2.80 | -6.04 | 26.7 | 8.80 | 10.55 | 8.78 | 32.44 | 6.12 | -21.34 | 10.34 | -9.62 | -8.09 | 14.46 | -20.07 | -36.77 | 28.32 | 18.44 | -4.39 |
| 22Q2 (14) | 2.98 | 17.32 | 20.65 | 7.96 | -0.25 | -34.27 | 30.57 | -14.66 | -17.13 | 11.44 | 0.35 | 52.13 | 18.09 | -3.37 | -21.04 | 23.91 | -16.11 | 11.26 |
| 22Q1 (13) | 2.54 | 4.96 | 23.3 | 7.98 | 2.05 | -59.33 | 35.82 | -4.66 | -18.96 | 11.40 | -2.06 | 145.69 | 18.72 | -1.89 | -18.86 | 28.50 | -5.41 | 10.55 |
| 21Q4 (12) | 2.42 | 9.5 | -24.61 | 7.82 | -3.34 | -38.03 | 37.57 | -8.9 | 32.66 | 11.64 | 3.47 | 61.44 | 19.08 | -16.57 | -19.87 | 30.13 | 1.72 | 157.08 |
| 21Q3 (11) | 2.21 | -10.53 | -18.45 | 8.09 | -33.2 | -16.94 | 41.24 | 11.79 | 22.74 | 11.25 | 49.6 | 20.45 | 22.87 | -0.17 | -22.84 | 29.62 | 37.83 | 122.71 |
| 21Q2 (10) | 2.47 | 19.9 | 2.49 | 12.11 | -38.28 | 0.33 | 36.89 | -16.54 | -2.15 | 7.52 | 62.07 | -0.27 | 22.91 | -0.69 | -42.38 | 21.49 | -16.64 | 292.15 |
| 21Q1 (9) | 2.06 | -35.83 | 10.16 | 19.62 | 55.47 | 31.5 | 44.20 | 56.07 | -9.33 | 4.64 | -35.64 | -23.93 | 23.07 | -3.11 | -45.06 | 25.78 | 119.97 | 100.47 |
| 20Q4 (8) | 3.21 | 18.45 | 51.42 | 12.62 | 29.57 | 11.39 | 28.32 | -15.71 | -33.86 | 7.21 | -22.81 | -10.21 | 23.81 | -19.67 | -34.77 | 11.72 | -11.88 | -18.38 |
| 20Q3 (7) | 2.71 | 12.45 | 21.52 | 9.74 | -19.3 | 24.55 | 33.60 | -10.88 | -17.71 | 9.34 | 23.87 | -19.76 | 29.64 | -25.45 | -14.16 | 13.30 | 142.7 | -25.91 |
| 20Q2 (6) | 2.41 | 28.88 | -9.4 | 12.07 | -19.1 | 42.84 | 37.70 | -22.67 | 10.3 | 7.54 | 23.61 | -29.99 | 39.76 | -5.31 | 36.87 | 5.48 | -57.39 | -65.53 |
| 20Q1 (5) | 1.87 | -11.79 | -3.61 | 14.92 | 31.69 | 102.44 | 48.75 | 13.85 | 3.88 | 6.10 | -24.03 | -50.61 | 41.99 | 15.04 | 8.9 | 12.86 | -10.45 | -37.93 |
| 19Q4 (4) | 2.12 | -4.93 | 0.0 | 11.33 | 44.88 | 0.0 | 42.82 | 4.87 | 0.0 | 8.03 | -31.01 | 0.0 | 36.50 | 5.71 | 0.0 | 14.36 | -20.0 | 0.0 |
| 19Q3 (3) | 2.23 | -16.17 | 0.0 | 7.82 | -7.46 | 0.0 | 40.83 | 19.46 | 0.0 | 11.64 | 8.08 | 0.0 | 34.53 | 18.86 | 0.0 | 17.95 | 12.89 | 0.0 |
| 19Q2 (2) | 2.66 | 37.11 | 0.0 | 8.45 | 14.65 | 0.0 | 34.18 | -27.17 | 0.0 | 10.77 | -12.79 | 0.0 | 29.05 | -24.66 | 0.0 | 15.90 | -23.26 | 0.0 |
| 19Q1 (1) | 1.94 | 0.0 | 0.0 | 7.37 | 0.0 | 0.0 | 46.93 | 0.0 | 0.0 | 12.35 | 0.0 | 0.0 | 38.56 | 0.0 | 0.0 | 20.72 | 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) | 6.18 | -23.33 | 37.77 | -15.75 | 59.02 | 30.34 | 9.66 | 18.67 | 21.05 | 30.1 | 47.64 | 27.93 |
| 2022 (9) | 8.06 | -8.41 | 44.83 | -9.23 | 45.28 | 9.21 | 8.14 | 10.15 | 16.18 | -15.02 | 37.24 | 24.97 |
| 2021 (8) | 8.80 | 8.24 | 49.39 | -40.61 | 41.46 | -7.68 | 7.39 | 68.34 | 19.04 | -36.87 | 29.80 | 55.78 |
| 2020 (7) | 8.13 | 17.15 | 83.16 | 103.57 | 44.91 | -14.64 | 4.39 | -50.89 | 30.16 | -30.9 | 19.13 | 6.93 |
| 2019 (6) | 6.94 | 24.37 | 40.85 | 108.31 | 52.61 | -19.53 | 8.94 | -51.96 | 43.65 | -21.46 | 17.89 | -37.03 |
| 2018 (5) | 5.58 | 30.07 | 19.61 | 3.05 | 65.38 | -23.15 | 18.61 | -2.97 | 55.58 | 11.23 | 28.41 | -47.67 |
| 2017 (4) | 4.29 | 0 | 19.03 | 0 | 85.07 | 0 | 19.18 | 0 | 49.97 | 0 | 54.29 | 0 |
