- 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) | 2.51 | -12.54 | 39.44 | 0.23 | 4.55 | -43.9 | 36.22 | 14.26 | -28.16 | 396.35 | -3.48 | 77.6 | 63.53 | -34.57 | -28.05 | 369.04 | 6.89 | 99.17 |
| 23Q3 (19) | 2.87 | 36.02 | 64.0 | 0.22 | -12.0 | -54.17 | 31.70 | -26.35 | -38.89 | 410.65 | 13.89 | 115.01 | 97.10 | -14.73 | 2.6 | 345.25 | 19.16 | 132.95 |
| 23Q2 (18) | 2.11 | -4.95 | 17.88 | 0.25 | -26.47 | -53.7 | 43.04 | 5.1 | -15.38 | 360.58 | 32.94 | 114.39 | 113.88 | 22.16 | 21.42 | 289.73 | 32.31 | 131.3 |
| 23Q1 (17) | 2.22 | 23.33 | 52.05 | 0.34 | -17.07 | -43.33 | 40.95 | -18.78 | -34.32 | 271.24 | 21.54 | 78.33 | 93.22 | 5.57 | 1.11 | 218.98 | 18.18 | 79.11 |
| 22Q4 (16) | 1.80 | 2.86 | 36.36 | 0.41 | -14.58 | -32.79 | 50.42 | -2.8 | -27.12 | 223.17 | 16.85 | 48.9 | 88.30 | -6.7 | -8.42 | 185.29 | 25.02 | 51.08 |
| 22Q3 (15) | 1.75 | -2.23 | 33.59 | 0.48 | -11.11 | -25.0 | 51.87 | 1.99 | -25.31 | 190.99 | 13.56 | 35.26 | 94.64 | 0.91 | 3.28 | 148.21 | 18.32 | 24.53 |
| 22Q2 (14) | 1.79 | 22.6 | 29.71 | 0.54 | -10.0 | -20.59 | 50.86 | -18.43 | -22.6 | 168.19 | 10.58 | 25.23 | 93.79 | 1.72 | -1.09 | 125.26 | 2.45 | 19.08 |
| 22Q1 (13) | 1.46 | 10.61 | -3.31 | 0.60 | -1.64 | -18.92 | 62.35 | -9.87 | 3.54 | 152.10 | 1.48 | 23.86 | 92.20 | -4.38 | -4.4 | 122.26 | -0.31 | 41.21 |
| 21Q4 (12) | 1.32 | 0.76 | -7.04 | 0.61 | -4.69 | -29.07 | 69.18 | -0.39 | 7.94 | 149.88 | 6.15 | 41.86 | 96.42 | 5.23 | 21.62 | 122.64 | 3.04 | 35.57 |
| 21Q3 (11) | 1.31 | -5.07 | -30.69 | 0.64 | -5.88 | -20.0 | 69.45 | 5.69 | 44.54 | 141.20 | 5.14 | 23.66 | 91.63 | -3.36 | 50.24 | 119.02 | 13.15 | 17.56 |
| 21Q2 (10) | 1.38 | -8.61 | -60.8 | 0.68 | -8.11 | -27.66 | 65.71 | 9.12 | 27.02 | 134.30 | 9.36 | -30.35 | 94.82 | -1.68 | -6.61 | 105.19 | 21.49 | -26.45 |
| 21Q1 (9) | 1.51 | 6.34 | -9.58 | 0.74 | -13.95 | 32.14 | 60.22 | -6.04 | 10.56 | 122.80 | 16.23 | -24.79 | 96.44 | 21.64 | 2.3 | 86.58 | -4.29 | -29.88 |
| 20Q4 (8) | 1.42 | -24.87 | -34.26 | 0.86 | 7.5 | 24.64 | 64.09 | 33.38 | 51.84 | 105.65 | -7.47 | -19.45 | 79.28 | 29.99 | -5.71 | 90.46 | -10.65 | 1.31 |
| 20Q3 (7) | 1.89 | -46.31 | 21.94 | 0.80 | -14.89 | 33.33 | 48.05 | -7.11 | -17.98 | 114.18 | -40.78 | -25.29 | 60.99 | -39.93 | -34.23 | 101.24 | -29.21 | -14.7 |
| 20Q2 (6) | 3.52 | 110.78 | 60.73 | 0.94 | 67.86 | 0.0 | 51.73 | -5.03 | -37.86 | 192.82 | 18.1 | -0.22 | 101.53 | 7.7 | 3.2 | 143.02 | 15.83 | -19.7 |
| 20Q1 (5) | 1.67 | -22.69 | 0 | 0.56 | -18.84 | 0 | 54.47 | 29.05 | 0 | 163.27 | 24.48 | 0 | 94.27 | 12.12 | 0 | 123.47 | 38.28 | 0 |
| 19Q4 (4) | 2.16 | 39.35 | 0.0 | 0.69 | 15.0 | 0.0 | 42.21 | -27.94 | 0.0 | 131.16 | -14.18 | 0.0 | 84.08 | -9.33 | 0.0 | 89.29 | -24.77 | 0.0 |
| 19Q3 (3) | 1.55 | -29.22 | 0.0 | 0.60 | -36.17 | 0.0 | 58.58 | -29.63 | 0.0 | 152.83 | -20.92 | 0.0 | 92.73 | -5.74 | 0.0 | 118.69 | -33.36 | 0.0 |
| 19Q2 (2) | 2.19 | 0 | 0.0 | 0.94 | 0 | 0.0 | 83.25 | 0 | 0.0 | 193.25 | 0 | 0.0 | 98.38 | 0 | 0.0 | 178.11 | 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) | 8.02 | 0.38 | 1.04 | -51.85 | 45.53 | -0.35 | 352.37 | 108.8 | 76.78 | -0.93 | 321.12 | 134.48 |
| 2022 (9) | 7.99 | 46.07 | 2.16 | -16.6 | 45.69 | -31.51 | 168.76 | 19.92 | 77.50 | -20.86 | 136.95 | 25.05 |
| 2021 (8) | 5.47 | 6.84 | 2.59 | 8.82 | 66.71 | -6.35 | 140.73 | -8.14 | 97.93 | -14.12 | 109.52 | -0.81 |
| 2020 (7) | 5.12 | -6.23 | 2.38 | 7.69 | 71.23 | 6.49 | 153.20 | -7.31 | 114.03 | 9.76 | 110.41 | -13.94 |
| 2019 (6) | 5.46 | 14.23 | 2.21 | -8.3 | 66.89 | -12.46 | 165.29 | 9.17 | 103.89 | 13.28 | 128.29 | -5.75 |
| 2018 (5) | 4.78 | 0 | 2.41 | 0 | 76.41 | 0 | 151.41 | 0 | 91.71 | 0 | 136.11 | 0 |
