- 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) | 1.54 | 4.76 | -5.52 | 3.34 | 6.37 | 26.52 | 58.91 | -4.94 | 5.82 | 27.26 | -6.03 | -20.82 | 30.86 | 6.05 | 18.78 | 55.32 | -10.6 | -13.72 |
| 23Q3 (19) | 1.47 | 4.26 | 1.38 | 3.14 | 23.14 | 39.56 | 61.97 | -3.79 | -1.34 | 29.01 | -18.72 | -28.26 | 29.10 | 0.66 | -0.72 | 61.88 | -13.09 | -16.31 |
| 23Q2 (18) | 1.41 | -4.08 | -12.42 | 2.55 | 2.82 | -8.6 | 64.41 | 3.87 | 13.74 | 35.69 | -2.81 | 9.31 | 28.91 | -11.94 | -5.65 | 71.20 | 8.03 | 21.42 |
| 23Q1 (17) | 1.47 | -9.82 | -2.65 | 2.48 | -6.06 | -22.01 | 62.01 | 11.39 | 2.87 | 36.72 | 6.65 | 28.48 | 32.83 | 26.37 | 4.32 | 65.91 | 2.79 | 14.85 |
| 22Q4 (16) | 1.63 | 12.41 | -7.91 | 2.64 | 17.33 | -17.5 | 55.67 | -11.37 | 8.46 | 34.43 | -14.86 | 21.1 | 25.98 | -11.36 | -3.24 | 64.12 | -13.28 | 21.16 |
| 22Q3 (15) | 1.45 | -9.94 | -12.12 | 2.25 | -19.35 | -14.12 | 62.81 | 10.91 | 13.79 | 40.44 | 23.86 | 16.21 | 29.31 | -4.34 | 12.64 | 73.94 | 26.09 | 15.59 |
| 22Q2 (14) | 1.61 | 6.62 | -4.73 | 2.79 | -12.26 | 18.22 | 56.63 | -6.06 | 5.18 | 32.65 | 14.24 | -15.41 | 30.64 | -2.64 | 6.02 | 58.64 | 2.18 | -7.73 |
| 22Q1 (13) | 1.51 | -14.69 | -9.04 | 3.18 | -0.63 | 23.74 | 60.28 | 17.44 | 10.12 | 28.58 | 0.53 | -19.22 | 31.47 | 17.21 | 11.04 | 57.39 | 8.45 | -7.12 |
| 21Q4 (12) | 1.77 | 7.27 | 0.57 | 3.20 | 22.14 | 2.24 | 51.33 | -7.01 | -0.98 | 28.43 | -18.3 | -2.2 | 26.85 | 3.19 | 8.22 | 52.92 | -17.27 | -5.65 |
| 21Q3 (11) | 1.65 | -2.37 | -3.51 | 2.62 | 11.02 | -15.48 | 55.20 | 2.53 | 3.53 | 34.80 | -9.84 | 18.69 | 26.02 | -9.97 | -0.99 | 63.97 | 0.66 | 13.48 |
| 21Q2 (10) | 1.69 | 1.81 | 3.05 | 2.36 | -8.17 | -11.94 | 53.84 | -1.64 | -2.69 | 38.60 | 9.1 | 13.8 | 28.90 | 1.98 | 3.88 | 63.55 | 2.85 | 3.45 |
| 21Q1 (9) | 1.66 | -5.68 | 4.4 | 2.57 | -17.89 | 8.44 | 54.74 | 5.59 | -4.42 | 35.38 | 21.71 | -7.94 | 28.34 | 14.23 | -4.61 | 61.79 | 10.16 | -6.35 |
| 20Q4 (8) | 1.76 | 2.92 | 10.0 | 3.13 | 0.97 | 20.38 | 51.84 | -2.78 | -9.08 | 29.07 | -0.85 | -16.99 | 24.81 | -5.59 | -12.58 | 56.09 | -0.5 | -11.91 |
| 20Q3 (7) | 1.71 | 4.27 | 23.91 | 3.10 | 15.67 | 7.64 | 53.32 | -3.63 | -18.99 | 29.32 | -13.56 | -7.16 | 26.28 | -5.54 | -0.9 | 56.37 | -8.24 | -20.48 |
| 20Q2 (6) | 1.64 | 3.14 | 16.31 | 2.68 | 13.08 | -2.9 | 55.33 | -3.39 | -14.12 | 33.92 | -11.74 | 2.98 | 27.82 | -6.36 | 7.25 | 61.43 | -6.9 | -14.0 |
| 20Q1 (5) | 1.59 | -0.63 | 9.66 | 2.37 | -8.85 | -11.24 | 57.27 | 0.44 | -8.92 | 38.43 | 9.74 | 12.86 | 29.71 | 4.69 | 9.11 | 65.98 | 3.63 | -5.34 |
| 19Q4 (4) | 1.60 | 15.94 | 0.0 | 2.60 | -9.72 | 0.0 | 57.02 | -13.37 | 0.0 | 35.02 | 10.89 | 0.0 | 28.38 | 7.01 | 0.0 | 63.67 | -10.18 | 0.0 |
| 19Q3 (3) | 1.38 | -2.13 | 0.0 | 2.88 | 4.35 | 0.0 | 65.82 | 2.16 | 0.0 | 31.58 | -4.13 | 0.0 | 26.52 | 2.24 | 0.0 | 70.89 | -0.76 | 0.0 |
| 19Q2 (2) | 1.41 | -2.76 | 0.0 | 2.76 | 3.37 | 0.0 | 64.43 | 2.47 | 0.0 | 32.94 | -3.26 | 0.0 | 25.94 | -4.74 | 0.0 | 71.43 | 2.48 | 0.0 |
| 19Q1 (1) | 1.45 | 0.0 | 0.0 | 2.67 | 0.0 | 0.0 | 62.88 | 0.0 | 0.0 | 34.05 | 0.0 | 0.0 | 27.23 | 0.0 | 0.0 | 69.70 | 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) | 5.32 | -16.74 | 10.13 | -15.86 | 68.67 | 20.22 | 36.04 | 18.9 | 36.84 | 15.45 | 67.86 | 22.23 |
| 2022 (9) | 6.39 | -6.58 | 12.04 | -8.09 | 57.12 | 6.97 | 30.31 | 8.75 | 31.91 | 12.36 | 55.52 | 5.01 |
| 2021 (8) | 6.84 | 9.62 | 13.10 | 35.19 | 53.40 | -8.72 | 27.87 | -26.02 | 28.40 | -10.49 | 52.87 | -17.95 |
| 2020 (7) | 6.24 | 12.64 | 9.69 | 9.74 | 58.50 | -11.15 | 37.67 | -8.9 | 31.73 | -10.67 | 64.44 | -10.09 |
| 2019 (6) | 5.54 | 8.84 | 8.83 | -2.11 | 65.84 | -8.26 | 41.35 | 2.2 | 35.52 | -3.45 | 71.67 | -5.0 |
| 2018 (5) | 5.09 | -1.93 | 9.02 | -12.51 | 71.77 | 2.0 | 40.46 | 14.23 | 36.79 | 10.48 | 75.44 | 4.08 |
| 2017 (4) | 5.19 | 6.13 | 10.31 | -28.55 | 70.36 | -5.65 | 35.42 | 40.06 | 33.30 | 33.63 | 72.48 | -3.28 |
| 2016 (3) | 4.89 | 3.38 | 14.43 | 31.06 | 74.57 | -3.33 | 25.29 | -23.71 | 24.92 | 11.75 | 74.94 | -14.84 |
| 2015 (2) | 4.73 | 0 | 11.01 | 0 | 77.14 | 0 | 33.15 | 0 | 22.30 | 0 | 88.00 | 0 |
