- 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) | 2.74 | 41.97 | -5.84 | 0.89 | 27.14 | -18.35 | 33.16 | -29.6 | 6.15 | 102.49 | -21.07 | 22.41 | 28.37 | -12.52 | 38.8 | 107.28 | -25.77 | 13.49 |
| 23Q3 (19) | 1.93 | -28.25 | -37.54 | 0.70 | -32.69 | 9.37 | 47.10 | 39.27 | 59.82 | 129.85 | 48.62 | -8.68 | 32.43 | 31.4 | 9.86 | 144.52 | 49.75 | 1.67 |
| 23Q2 (18) | 2.69 | -0.74 | -40.75 | 1.04 | -10.34 | 16.85 | 33.82 | 0.86 | 68.76 | 87.37 | 11.83 | -14.44 | 24.68 | -1.59 | -7.01 | 96.51 | 11.47 | 0.94 |
| 23Q1 (17) | 2.71 | -6.87 | -32.42 | 1.16 | 6.42 | 16.0 | 33.53 | 7.33 | 47.9 | 78.13 | -6.69 | -13.81 | 25.08 | 22.7 | 2.45 | 86.58 | -8.41 | -2.53 |
| 22Q4 (16) | 2.91 | -5.83 | -44.89 | 1.09 | 70.31 | 6.86 | 31.24 | 6.01 | 81.21 | 83.73 | -41.12 | -6.43 | 20.44 | -30.76 | -16.54 | 94.53 | -33.5 | 14.96 |
| 22Q3 (15) | 3.09 | -31.94 | -50.24 | 0.64 | -28.09 | -31.91 | 29.47 | 47.06 | 101.02 | 142.20 | 39.26 | 46.76 | 29.52 | 11.23 | -9.78 | 142.15 | 48.68 | 80.32 |
| 22Q2 (14) | 4.54 | 13.22 | -34.2 | 0.89 | -11.0 | -16.04 | 20.04 | -11.6 | 51.93 | 102.11 | 12.64 | 18.98 | 26.54 | 8.42 | -29.4 | 95.61 | 7.63 | 55.67 |
| 22Q1 (13) | 4.01 | -24.05 | -35.74 | 1.00 | -1.96 | -13.79 | 22.67 | 31.5 | 55.49 | 90.65 | 1.31 | 15.24 | 24.48 | -0.04 | -37.52 | 88.83 | 8.03 | 64.29 |
| 21Q4 (12) | 5.28 | -14.98 | -29.79 | 1.02 | 8.51 | -20.93 | 17.24 | 17.6 | 42.48 | 89.48 | -7.65 | 26.71 | 24.49 | -25.15 | -35.04 | 82.23 | 4.31 | 82.65 |
| 21Q3 (11) | 6.21 | -10.0 | -6.48 | 0.94 | -11.32 | -18.97 | 14.66 | 11.14 | 6.93 | 96.89 | 12.9 | 23.68 | 32.72 | -12.96 | -31.85 | 78.83 | 28.35 | 78.96 |
| 21Q2 (10) | 6.90 | 10.58 | 21.91 | 1.06 | -8.62 | -17.83 | 13.19 | -9.53 | -17.97 | 85.82 | 9.1 | 22.04 | 37.59 | -4.06 | -22.04 | 61.42 | 13.59 | 60.87 |
| 21Q1 (9) | 6.24 | -17.02 | 25.81 | 1.16 | -10.08 | -12.12 | 14.58 | 20.5 | -20.46 | 78.66 | 11.38 | 13.8 | 39.18 | 3.93 | -19.37 | 54.07 | 20.1 | 39.14 |
| 20Q4 (8) | 7.52 | 13.25 | 5.03 | 1.29 | 11.21 | -11.03 | 12.10 | -11.74 | -4.72 | 70.62 | -9.85 | 12.76 | 37.70 | -21.47 | -16.46 | 45.02 | 2.2 | 49.07 |
| 20Q3 (7) | 6.64 | 17.31 | -25.98 | 1.16 | -10.08 | 11.54 | 13.71 | -14.74 | 35.21 | 78.34 | 11.41 | -10.46 | 48.01 | -0.44 | -28.34 | 44.05 | 15.37 | 43.86 |
| 20Q2 (6) | 5.66 | 14.11 | -14.63 | 1.29 | -2.27 | 6.61 | 16.08 | -12.27 | 17.2 | 70.32 | 1.74 | -6.25 | 48.22 | -0.76 | -25.7 | 38.18 | -1.75 | 60.15 |
| 20Q1 (5) | 4.96 | -30.73 | -10.79 | 1.32 | -8.97 | -0.75 | 18.33 | 44.33 | 12.11 | 69.12 | 10.36 | 0.76 | 48.59 | 7.67 | -23.85 | 38.86 | 28.68 | 83.82 |
| 19Q4 (4) | 7.16 | -20.18 | 0.0 | 1.45 | 39.42 | 0.0 | 12.70 | 25.25 | 0.0 | 62.63 | -28.41 | 0.0 | 45.13 | -32.64 | 0.0 | 30.20 | -1.37 | 0.0 |
| 19Q3 (3) | 8.97 | 35.29 | 0.0 | 1.04 | -14.05 | 0.0 | 10.14 | -26.09 | 0.0 | 87.49 | 16.64 | 0.0 | 67.00 | 3.24 | 0.0 | 30.62 | 28.44 | 0.0 |
| 19Q2 (2) | 6.63 | 19.24 | 0.0 | 1.21 | -9.02 | 0.0 | 13.72 | -16.09 | 0.0 | 75.01 | 9.34 | 0.0 | 64.90 | 1.71 | 0.0 | 23.84 | 12.77 | 0.0 |
| 19Q1 (1) | 5.56 | 0.0 | 0.0 | 1.33 | 0.0 | 0.0 | 16.35 | 0.0 | 0.0 | 68.60 | 0.0 | 0.0 | 63.81 | 0.0 | 0.0 | 21.14 | 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) | 7.92 | -31.01 | 3.47 | -12.37 | 46.07 | 44.92 | 105.15 | 14.12 | 33.16 | 26.71 | 118.05 | 20.75 |
| 2022 (9) | 11.48 | -46.41 | 3.96 | -7.48 | 31.79 | 86.56 | 92.14 | 8.01 | 26.17 | -8.08 | 97.76 | 32.32 |
| 2021 (8) | 21.42 | 4.69 | 4.28 | -13.01 | 17.04 | -4.48 | 85.31 | 14.99 | 28.47 | -33.54 | 73.88 | 50.19 |
| 2020 (7) | 20.46 | -9.35 | 4.92 | -13.07 | 17.84 | 10.33 | 74.19 | 15.02 | 42.84 | -19.67 | 49.19 | 79.85 |
| 2019 (6) | 22.57 | -33.7 | 5.66 | -2.58 | 16.17 | 50.84 | 64.50 | 2.64 | 53.33 | -10.16 | 27.35 | 92.61 |
| 2018 (5) | 34.04 | 2.75 | 5.81 | -5.99 | 10.72 | -2.72 | 62.84 | 6.36 | 59.36 | -11.1 | 14.20 | 326.43 |
| 2017 (4) | 33.13 | 63.04 | 6.18 | -11.33 | 11.02 | -38.68 | 59.08 | 12.88 | 66.77 | -8.67 | 3.33 | 0 |
| 2016 (3) | 20.32 | 65.61 | 6.97 | -1.55 | 17.97 | -39.58 | 52.34 | 1.59 | 73.11 | 20.7 | -2.80 | 0 |
| 2015 (2) | 12.27 | -38.22 | 7.08 | -6.84 | 29.74 | 61.81 | 51.52 | 7.27 | 60.57 | 53.19 | 20.70 | -22.96 |
| 2014 (1) | 19.86 | 5.36 | 7.60 | -5.12 | 18.38 | -5.06 | 48.03 | 5.35 | 39.54 | -4.84 | 26.87 | 14.83 |
