- 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 | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 21Q2 (20) | 1.24 | 9.73 | 19.23 | 2.49 | 23.88 | 60.65 | 73.20 | -9.07 | -16.31 | 36.58 | -19.37 | -37.79 | 45.87 | -7.46 | -13.21 | 63.91 | -16.23 | -31.59 |
| 21Q1 (19) | 1.13 | -8.13 | 0.0 | 2.01 | 3.61 | 14.86 | 80.50 | 9.17 | -0.24 | 45.37 | -3.08 | -12.95 | 49.57 | -0.64 | -1.43 | 76.29 | 7.97 | -7.55 |
| 20Q4 (18) | 1.23 | -0.81 | 0.82 | 1.94 | 8.38 | 12.79 | 73.74 | 0.22 | -0.99 | 46.81 | -8.18 | -11.51 | 49.89 | 5.52 | 5.81 | 70.66 | -8.57 | -11.93 |
| 20Q3 (17) | 1.24 | 19.23 | 7.83 | 1.79 | 15.48 | 18.54 | 73.58 | -15.88 | -6.87 | 50.98 | -13.3 | -15.48 | 47.28 | -10.54 | -7.29 | 77.28 | -17.28 | -12.5 |
| 20Q2 (16) | 1.04 | -7.96 | -11.86 | 1.55 | -11.43 | -1.9 | 87.47 | 8.4 | 13.42 | 58.80 | 12.82 | 1.99 | 52.85 | 5.09 | 5.68 | 93.42 | 13.21 | 10.2 |
| 20Q1 (15) | 1.13 | -7.38 | 6.6 | 1.75 | 1.74 | 7.36 | 80.69 | 8.34 | -6.42 | 52.12 | -1.47 | -6.76 | 50.29 | 6.66 | -10.02 | 82.52 | 2.85 | -4.32 |
| 19Q4 (14) | 1.22 | 6.09 | -0.81 | 1.72 | 13.91 | -2.82 | 74.48 | -5.73 | 0.73 | 52.90 | -12.3 | 2.8 | 47.15 | -7.55 | -16.28 | 80.23 | -9.16 | 16.16 |
| 19Q3 (13) | 1.15 | -2.54 | -4.17 | 1.51 | -4.43 | -5.03 | 79.01 | 2.45 | 3.96 | 60.32 | 4.63 | 5.49 | 51.00 | 1.98 | -9.22 | 88.32 | 4.19 | 14.69 |
| 19Q2 (12) | 1.18 | 11.32 | -3.28 | 1.58 | -3.07 | 12.06 | 77.12 | -10.56 | 3.77 | 57.65 | 3.13 | -10.66 | 50.01 | -10.52 | -13.98 | 84.77 | -1.72 | 5.02 |
| 19Q1 (11) | 1.06 | -13.82 | -7.02 | 1.63 | -7.91 | 24.43 | 86.23 | 16.62 | 7.65 | 55.90 | 8.63 | -19.67 | 55.89 | -0.76 | -16.48 | 86.25 | 24.87 | 4.2 |
| 18Q4 (10) | 1.23 | 2.5 | 4.24 | 1.77 | 11.32 | 15.69 | 73.94 | -2.71 | -4.19 | 51.46 | -10.0 | -13.54 | 56.32 | 0.25 | -7.44 | 69.07 | -10.31 | -8.93 |
| 18Q3 (9) | 1.20 | -1.64 | 9.09 | 1.59 | 12.77 | -5.92 | 76.00 | 2.26 | -8.36 | 57.18 | -11.39 | 5.97 | 56.18 | -3.37 | -3.65 | 77.01 | -4.6 | -2.01 |
| 18Q2 (8) | 1.22 | 7.02 | -3.17 | 1.41 | 7.63 | -21.67 | 74.32 | -7.22 | 3.11 | 64.53 | -7.27 | 27.81 | 58.14 | -13.12 | 10.39 | 80.72 | -2.48 | 15.48 |
| 18Q1 (7) | 1.14 | -3.39 | -8.06 | 1.31 | -14.38 | -21.56 | 80.10 | 3.8 | 8.99 | 69.59 | 16.92 | 27.78 | 66.92 | 9.98 | 18.84 | 82.77 | 9.14 | 15.55 |
| 17Q4 (6) | 1.18 | 7.27 | -0.84 | 1.53 | -9.47 | -8.38 | 77.17 | -6.95 | 1.13 | 59.52 | 10.3 | 9.09 | 60.85 | 4.36 | 3.4 | 75.84 | -3.5 | 5.3 |
| 17Q3 (5) | 1.10 | -12.7 | -13.39 | 1.69 | -6.11 | -5.06 | 82.93 | 15.05 | 15.82 | 53.96 | 6.87 | 5.76 | 58.31 | 10.71 | 4.39 | 78.59 | 12.43 | 17.74 |
| 17Q2 (4) | 1.26 | 1.61 | 0.0 | 1.80 | 7.78 | 0.0 | 72.08 | -1.92 | 0.0 | 50.49 | -7.29 | 0.0 | 52.67 | -6.46 | 0.0 | 69.90 | -2.42 | 0.0 |
| 17Q1 (3) | 1.24 | 4.2 | 0.0 | 1.67 | 0.0 | 0.0 | 73.49 | -3.7 | 0.0 | 54.46 | -0.18 | 0.0 | 56.31 | -4.32 | 0.0 | 71.63 | -0.54 | 0.0 |
| 16Q4 (2) | 1.19 | -6.3 | 0.0 | 1.67 | -6.18 | 0.0 | 76.31 | 6.58 | 0.0 | 54.56 | 6.94 | 0.0 | 58.85 | 5.35 | 0.0 | 72.02 | 7.9 | 0.0 |
| 16Q3 (1) | 1.27 | 0.0 | 0.0 | 1.78 | 0.0 | 0.0 | 71.60 | 0.0 | 0.0 | 51.02 | 0.0 | 0.0 | 55.86 | 0.0 | 0.0 | 66.75 | 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 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2020 (10) | 4.50 | -1.1 | 7.46 | 6.12 | 81.11 | 1.08 | 48.91 | -5.8 | 52.05 | -6.85 | 77.97 | 2.22 |
| 2019 (9) | 4.55 | 0.44 | 7.03 | 8.15 | 80.24 | -0.41 | 51.92 | -7.6 | 55.88 | -9.34 | 76.28 | 1.54 |
| 2018 (8) | 4.53 | -3.62 | 6.50 | 3.67 | 80.57 | 3.8 | 56.19 | -3.55 | 61.64 | -3.45 | 75.12 | 4.29 |
| 2017 (7) | 4.70 | -5.05 | 6.27 | -3.98 | 77.62 | 5.25 | 58.26 | 4.3 | 63.84 | 11.59 | 72.03 | -0.5 |
| 2016 (6) | 4.95 | 8.55 | 6.53 | 13.17 | 73.75 | -7.77 | 55.86 | -11.63 | 57.21 | 3.83 | 72.39 | -17.8 |
| 2015 (5) | 4.56 | -18.28 | 5.77 | 1.23 | 79.96 | 22.17 | 63.21 | -1.34 | 55.10 | -4.34 | 88.07 | 22.46 |
| 2014 (4) | 5.58 | 14.34 | 5.70 | -1.38 | 65.45 | -12.54 | 64.07 | 1.54 | 57.60 | -17.75 | 71.92 | 5.94 |
| 2013 (3) | 4.88 | 0 | 5.78 | 0 | 74.83 | 0 | 63.10 | 0 | 70.03 | 0 | 67.89 | 0 |
