- 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) | 3.49 | 84.66 | -77.28 | 1.55 | 573.91 | 187.04 | 26.07 | -45.83 | 340.37 | 58.74 | -85.35 | -64.82 | 11.99 | -71.47 | -10.12 | 72.81 | -82.11 | -54.37 |
| 23Q3 (19) | 1.89 | -72.96 | -47.21 | 0.23 | 35.29 | 109.09 | 48.13 | 269.66 | 89.34 | 400.84 | -23.96 | -52.82 | 42.02 | 108.64 | 801.72 | 406.95 | -21.74 | -53.25 |
| 23Q2 (18) | 6.99 | -4.51 | 59.95 | 0.17 | -26.09 | -10.53 | 13.02 | 4.66 | -37.49 | 527.11 | 31.68 | 7.52 | 20.14 | -51.94 | 257.73 | 519.99 | 40.22 | 2.88 |
| 23Q1 (17) | 7.32 | -52.34 | 1281.13 | 0.23 | -57.41 | 228.57 | 12.44 | 110.14 | -92.71 | 400.30 | 139.73 | -68.43 | 41.91 | 214.17 | 10.49 | 370.83 | 132.41 | -73.53 |
| 22Q4 (16) | 15.36 | 329.05 | 213.47 | 0.54 | 390.91 | -41.94 | 5.92 | -76.71 | -68.15 | 166.98 | -80.35 | 71.33 | 13.34 | 186.27 | 440.08 | 159.56 | -81.67 | 40.48 |
| 22Q3 (15) | 3.58 | -18.08 | 468.25 | 0.11 | -42.11 | -52.17 | 25.42 | 22.04 | -82.44 | 849.63 | 73.31 | 117.43 | 4.66 | -17.23 | -81.7 | 870.39 | 72.21 | 70.63 |
| 22Q2 (14) | 4.37 | 724.53 | 104.21 | 0.19 | 171.43 | -75.32 | 20.83 | -87.79 | -51.13 | 490.23 | -61.34 | 312.2 | 5.63 | -85.16 | -26.31 | 505.43 | -63.92 | 228.41 |
| 22Q1 (13) | 0.53 | -89.18 | -66.67 | 0.07 | -92.47 | -74.07 | 170.54 | 817.37 | 197.83 | 1268.09 | 1201.14 | 273.44 | 37.93 | 1435.63 | 59.84 | 1400.70 | 1133.23 | 275.42 |
| 21Q4 (12) | 4.90 | 677.78 | 4.03 | 0.93 | 304.35 | 36.76 | 18.59 | -87.16 | -3.73 | 97.46 | -75.06 | -26.71 | 2.47 | -90.3 | -70.77 | 113.58 | -77.73 | -21.04 |
| 21Q3 (11) | 0.63 | -70.56 | -35.05 | 0.23 | -70.13 | 0.0 | 144.79 | 239.72 | 54.43 | 390.76 | 228.56 | -0.44 | 25.46 | 233.25 | 40.9 | 510.09 | 231.44 | 8.95 |
| 21Q2 (10) | 2.14 | 34.59 | 91.07 | 0.77 | 185.19 | 92.5 | 42.62 | -25.57 | -47.56 | 118.93 | -64.98 | -47.32 | 7.64 | -67.8 | -48.93 | 153.90 | -58.75 | -47.31 |
| 21Q1 (9) | 1.59 | -66.24 | 34.75 | 0.27 | -60.29 | -15.62 | 57.26 | 196.53 | -26.01 | 339.57 | 155.35 | 20.09 | 23.73 | 180.83 | 51.53 | 373.10 | 159.37 | 8.3 |
| 20Q4 (8) | 4.71 | 385.57 | 35.34 | 0.68 | 195.65 | -2.86 | 19.31 | -79.4 | -26.24 | 132.98 | -66.12 | 2.36 | 8.45 | -53.24 | 28.42 | 143.85 | -69.28 | -3.79 |
| 20Q3 (7) | 0.97 | -13.39 | -40.49 | 0.23 | -42.5 | 35.29 | 93.76 | 15.37 | 67.52 | 392.50 | 73.84 | -27.22 | 18.07 | 20.79 | -0.55 | 468.19 | 60.3 | -18.87 |
| 20Q2 (6) | 1.12 | -5.08 | -53.53 | 0.40 | 25.0 | 166.67 | 81.27 | 5.01 | 115.17 | 225.78 | -20.15 | -63.97 | 14.96 | -4.47 | -32.64 | 292.08 | -15.22 | -54.52 |
| 20Q1 (5) | 1.18 | -66.09 | 42.17 | 0.32 | -54.29 | 255.56 | 77.39 | 195.61 | -29.77 | 282.77 | 117.67 | -70.94 | 15.66 | 137.99 | -77.95 | 344.50 | 130.42 | -65.96 |
| 19Q4 (4) | 3.48 | 113.5 | 0.0 | 0.70 | 311.76 | 0.0 | 26.18 | -53.22 | 0.0 | 129.91 | -75.91 | 0.0 | 6.58 | -63.79 | 0.0 | 149.51 | -74.09 | 0.0 |
| 19Q3 (3) | 1.63 | -32.37 | 0.0 | 0.17 | 13.33 | 0.0 | 55.97 | 48.19 | 0.0 | 539.27 | -13.95 | 0.0 | 18.17 | -18.19 | 0.0 | 577.07 | -10.15 | 0.0 |
| 19Q2 (2) | 2.41 | 190.36 | 0.0 | 0.15 | 66.67 | 0.0 | 37.77 | -65.73 | 0.0 | 626.71 | -35.59 | 0.0 | 22.21 | -68.73 | 0.0 | 642.27 | -36.54 | 0.0 |
| 19Q1 (1) | 0.83 | 0.0 | 0.0 | 0.09 | 0.0 | 0.0 | 110.20 | 0.0 | 0.0 | 972.97 | 0.0 | 0.0 | 71.03 | 0.0 | 0.0 | 1012.13 | 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) | 7.62 | 10.43 | 2.34 | 141.24 | 47.91 | -9.47 | 156.09 | -58.35 | 32.28 | -17.42 | 171.71 | -55.82 |
| 2022 (9) | 6.90 | -18.44 | 0.97 | -53.37 | 52.92 | 22.73 | 374.80 | 114.09 | 39.09 | 157.51 | 388.63 | 91.42 |
| 2021 (8) | 8.46 | 14.32 | 2.08 | 10.05 | 43.12 | -12.55 | 175.07 | -9.47 | 15.18 | -11.02 | 203.02 | -10.02 |
| 2020 (7) | 7.40 | 44.53 | 1.89 | 68.75 | 49.31 | -30.82 | 193.38 | -40.68 | 17.06 | -29.27 | 225.62 | -39.53 |
| 2019 (6) | 5.12 | -0.78 | 1.12 | 229.41 | 71.28 | 0.83 | 325.97 | -69.68 | 24.12 | -59.04 | 373.13 | -65.67 |
| 2018 (5) | 5.16 | 30.3 | 0.34 | 209.09 | 70.69 | -23.3 | 1074.97 | -66.45 | 58.89 | -21.42 | 1086.77 | -66.26 |
| 2017 (4) | 3.96 | 10.92 | 0.11 | -15.38 | 92.16 | -9.98 | 3203.67 | 15.55 | 74.94 | 127.64 | 3220.89 | 13.33 |
| 2016 (3) | 3.57 | 5.62 | 0.13 | -23.53 | 102.38 | -5.27 | 2772.64 | 29.11 | 32.92 | -7.16 | 2842.09 | 28.02 |
| 2015 (2) | 3.38 | -10.34 | 0.17 | -32.0 | 108.07 | 11.55 | 2147.44 | 49.22 | 35.46 | 35.65 | 2220.05 | 47.04 |
| 2014 (1) | 3.77 | -51.6 | 0.25 | -13.79 | 96.88 | 106.66 | 1439.11 | 13.64 | 26.14 | 109.29 | 1509.85 | 16.07 |
