- 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) | 5.48 | -30.01 | -13.02 | 0.61 | -12.86 | -14.08 | 16.59 | 42.77 | 14.81 | 148.53 | 15.01 | 15.67 | 141.43 | 26.47 | 21.47 | 23.69 | -18.14 | -10.33 |
| 23Q3 (19) | 7.83 | -11.33 | 0.64 | 0.70 | 9.37 | 20.69 | 11.62 | 12.71 | -0.68 | 129.14 | -9.3 | -17.1 | 111.83 | 11.44 | 6.61 | 28.94 | -44.71 | -53.76 |
| 23Q2 (18) | 8.83 | 17.58 | 64.43 | 0.64 | 4.92 | 14.29 | 10.31 | -14.86 | -39.17 | 142.38 | -3.89 | -12.22 | 100.35 | -19.25 | -8.81 | 52.34 | 45.43 | -24.27 |
| 23Q1 (17) | 7.51 | 19.21 | 19.78 | 0.61 | -14.08 | 7.02 | 12.11 | -16.19 | -16.6 | 148.15 | 15.37 | -7.96 | 124.27 | 6.73 | -12.93 | 35.99 | 36.22 | 9.89 |
| 22Q4 (16) | 6.30 | -19.02 | -3.82 | 0.71 | 22.41 | 24.56 | 14.45 | 23.5 | 3.96 | 128.41 | -17.57 | -19.03 | 116.43 | 10.99 | -10.04 | 26.42 | -57.78 | -38.66 |
| 22Q3 (15) | 7.78 | 44.88 | 35.3 | 0.58 | 3.57 | 26.09 | 11.70 | -30.97 | -26.14 | 155.78 | -3.96 | -22.02 | 104.90 | -4.68 | 20.01 | 62.58 | -9.45 | -51.18 |
| 22Q2 (14) | 5.37 | -14.35 | 0.19 | 0.56 | -1.75 | 40.0 | 16.95 | 16.74 | -0.06 | 162.20 | 0.77 | -27.91 | 110.05 | -22.9 | -2.12 | 69.11 | 111.02 | -46.65 |
| 22Q1 (13) | 6.27 | -4.27 | -12.18 | 0.57 | 0.0 | 7.55 | 14.52 | 4.46 | 13.88 | 160.96 | 1.49 | -6.2 | 142.73 | 10.28 | 2.46 | 32.75 | -23.96 | -27.3 |
| 21Q4 (12) | 6.55 | 13.91 | 1.39 | 0.57 | 23.91 | -14.93 | 13.90 | -12.25 | -1.35 | 158.59 | -20.61 | 17.63 | 129.42 | 48.06 | 17.71 | 43.07 | -66.4 | 10.55 |
| 21Q3 (11) | 5.75 | 7.28 | -10.85 | 0.46 | 15.0 | -20.69 | 15.84 | -6.6 | 12.34 | 199.76 | -11.22 | 28.17 | 87.41 | -22.25 | -31.73 | 128.19 | -1.03 | 205.8 |
| 21Q2 (10) | 5.36 | -24.93 | -23.32 | 0.40 | -24.53 | 344.44 | 16.96 | 33.02 | 30.36 | 225.00 | 31.12 | -78.08 | 112.43 | -19.29 | -84.74 | 129.53 | 187.52 | -57.24 |
| 21Q1 (9) | 7.14 | 10.53 | -27.88 | 0.53 | -20.9 | 307.69 | 12.75 | -9.51 | 38.74 | 171.60 | 27.28 | -76.36 | 139.30 | 26.69 | -71.34 | 45.05 | 15.63 | -81.92 |
| 20Q4 (8) | 6.46 | 0.16 | 9.68 | 0.67 | 15.52 | 509.09 | 14.09 | -0.07 | -8.86 | 134.82 | -13.5 | -84.39 | 109.95 | -14.13 | -84.43 | 38.96 | -7.06 | -77.47 |
| 20Q3 (7) | 6.45 | -7.73 | 6.09 | 0.58 | 544.44 | 262.5 | 14.10 | 8.38 | -5.75 | 155.86 | -84.82 | -73.24 | 128.04 | -82.62 | -74.19 | 41.92 | -86.16 | -58.61 |
| 20Q2 (6) | 6.99 | -29.39 | 14.78 | 0.09 | -30.77 | -40.0 | 13.01 | 41.57 | -12.98 | 1026.62 | 41.41 | 71.16 | 736.68 | 51.57 | 46.33 | 302.95 | 21.6 | 172.14 |
| 20Q1 (5) | 9.90 | 68.08 | 43.9 | 0.13 | 18.18 | -35.0 | 9.19 | -40.56 | -30.59 | 725.98 | -15.94 | 59.56 | 486.04 | -31.17 | 27.23 | 249.13 | 44.04 | 188.98 |
| 19Q4 (4) | 5.89 | -3.13 | 0.0 | 0.11 | -31.25 | 0.0 | 15.46 | 3.34 | 0.0 | 863.64 | 48.26 | 0.0 | 706.13 | 42.32 | 0.0 | 172.96 | 70.77 | 0.0 |
| 19Q3 (3) | 6.08 | -0.16 | 0.0 | 0.16 | 6.67 | 0.0 | 14.96 | 0.07 | 0.0 | 582.50 | -2.89 | 0.0 | 496.17 | -1.44 | 0.0 | 101.28 | -9.02 | 0.0 |
| 19Q2 (2) | 6.09 | -11.48 | 0.0 | 0.15 | -25.0 | 0.0 | 14.95 | 12.92 | 0.0 | 599.81 | 31.83 | 0.0 | 503.44 | 31.79 | 0.0 | 111.32 | 29.13 | 0.0 |
| 19Q1 (1) | 6.88 | 0.0 | 0.0 | 0.20 | 0.0 | 0.0 | 13.24 | 0.0 | 0.0 | 454.98 | 0.0 | 0.0 | 382.01 | 0.0 | 0.0 | 86.21 | 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) | 24.79 | 3.25 | 2.59 | 5.28 | 14.72 | -3.16 | 141.09 | -5.09 | 139.12 | -7.44 | 16.69 | 23.26 |
| 2022 (9) | 24.01 | 11.21 | 2.46 | 24.87 | 15.20 | -10.11 | 148.65 | -19.63 | 150.31 | -11.57 | 13.54 | -57.53 |
| 2021 (8) | 21.59 | -36.37 | 1.97 | -13.6 | 16.91 | 57.16 | 184.95 | 15.65 | 169.98 | 32.66 | 31.88 | -25.08 |
| 2020 (7) | 33.93 | 22.14 | 2.28 | 267.74 | 10.76 | -18.11 | 159.92 | -72.82 | 128.13 | -72.43 | 42.55 | -68.91 |
| 2019 (6) | 27.78 | 6.31 | 0.62 | -30.34 | 13.14 | -5.94 | 588.47 | 43.82 | 464.75 | 89.15 | 136.86 | -22.86 |
| 2018 (5) | 26.13 | -17.54 | 0.89 | 206.9 | 13.97 | 21.27 | 409.16 | -67.34 | 245.71 | -68.99 | 177.42 | -62.41 |
| 2017 (4) | 31.69 | 5.85 | 0.29 | 26.09 | 11.52 | -5.5 | 1252.65 | -21.46 | 792.23 | -12.66 | 471.94 | -32.59 |
| 2016 (3) | 29.94 | 113.25 | 0.23 | -48.89 | 12.19 | -53.1 | 1594.92 | 96.35 | 907.05 | 535.81 | 700.06 | 0.64 |
| 2015 (2) | 14.04 | 431.82 | 0.45 | 181.25 | 25.99 | -81.21 | 812.28 | -64.07 | 142.66 | -26.82 | 695.60 | -68.44 |
| 2014 (1) | 2.64 | -77.1 | 0.16 | -89.04 | 138.32 | 337.03 | 2260.79 | 807.07 | 194.95 | 496.18 | 2204.16 | 788.09 |
