- 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) | 1.51 | -16.57 | -12.72 | 0.34 | -49.25 | -33.33 | 60.33 | 19.7 | 14.57 | 267.11 | 98.05 | 50.23 | 122.59 | 55.47 | 30.07 | 204.85 | 92.49 | 50.38 |
| 23Q3 (19) | 1.81 | -14.22 | 16.77 | 0.67 | -17.28 | 1.52 | 50.40 | 17.05 | -14.15 | 134.87 | 19.78 | -1.46 | 78.85 | 26.4 | -17.01 | 106.42 | 14.09 | 5.82 |
| 23Q2 (18) | 2.11 | 12.83 | 1.44 | 0.81 | 42.11 | -20.59 | 43.06 | -11.65 | -1.8 | 112.60 | -29.45 | 25.94 | 62.38 | -20.37 | -12.42 | 93.28 | -28.25 | 50.38 |
| 23Q1 (17) | 1.87 | 8.09 | -7.43 | 0.57 | 11.76 | -38.71 | 48.74 | -7.44 | 8.24 | 159.61 | -10.23 | 63.02 | 78.34 | -16.88 | 10.46 | 130.00 | -4.57 | 80.51 |
| 22Q4 (16) | 1.73 | 11.61 | -38.21 | 0.51 | -22.73 | -54.05 | 52.66 | -10.3 | 61.83 | 177.80 | 29.9 | 116.22 | 94.25 | -0.8 | 93.53 | 136.22 | 35.45 | 106.21 |
| 22Q3 (15) | 1.55 | -25.48 | -40.38 | 0.66 | -35.29 | -13.16 | 58.71 | 33.89 | 67.46 | 136.87 | 53.08 | 14.5 | 95.01 | 33.38 | 43.35 | 100.57 | 62.13 | 13.86 |
| 22Q2 (14) | 2.08 | 2.97 | -3.26 | 1.02 | 9.68 | 34.21 | 43.85 | -2.62 | 3.52 | 89.41 | -8.68 | -25.38 | 71.23 | 0.44 | -11.6 | 62.03 | -13.87 | -23.98 |
| 22Q1 (13) | 2.02 | -27.86 | -26.55 | 0.93 | -16.22 | -40.76 | 45.03 | 38.38 | 36.0 | 97.91 | 19.07 | 69.16 | 70.92 | 45.63 | 18.91 | 72.02 | 9.02 | 129.66 |
| 21Q4 (12) | 2.80 | 7.69 | 10.67 | 1.11 | 46.05 | -40.64 | 32.54 | -7.19 | -9.66 | 82.23 | -31.21 | 69.13 | 48.70 | -26.52 | -30.2 | 66.06 | -25.21 | 344.25 |
| 21Q3 (11) | 2.60 | 20.93 | 11.11 | 0.76 | 0.0 | -53.37 | 35.06 | -17.23 | -9.99 | 119.54 | -0.23 | 114.11 | 66.28 | -17.75 | -12.73 | 88.33 | 8.25 | 369.09 |
| 21Q2 (10) | 2.15 | -21.82 | -6.11 | 0.76 | -51.59 | -56.32 | 42.36 | 27.94 | 6.75 | 119.82 | 107.01 | 129.1 | 80.58 | 35.11 | 11.01 | 81.60 | 160.2 | 320.84 |
| 21Q1 (9) | 2.75 | 8.7 | 0 | 1.57 | -16.04 | 0 | 33.11 | -8.08 | 0 | 57.88 | 19.05 | 0 | 59.64 | -14.52 | 0 | 31.36 | 110.89 | 0 |
| 20Q4 (8) | 2.53 | 8.12 | 0 | 1.87 | 14.72 | 0 | 36.02 | -7.52 | 0 | 48.62 | -12.91 | 0 | 69.77 | -8.14 | 0 | 14.87 | -21.03 | 0 |
| 20Q3 (7) | 2.34 | 2.18 | 0 | 1.63 | -6.32 | 0 | 38.95 | -1.84 | 0 | 55.83 | 6.75 | 0 | 75.95 | 4.63 | 0 | 18.83 | -2.89 | 0 |
| 20Q2 (6) | 2.29 | 0 | 0 | 1.74 | 0 | 0 | 39.68 | 0 | 0 | 52.30 | 0 | 0 | 72.59 | 0 | 0 | 19.39 | 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) | 10.42 | 38.93 | 2.05 | -24.35 | 35.01 | -28.04 | 178.22 | 32.43 | 74.43 | -3.82 | 138.81 | 31.15 |
| 2022 (9) | 7.50 | -21.71 | 2.71 | -49.81 | 48.65 | 27.66 | 134.58 | 98.97 | 77.39 | 30.26 | 105.84 | 128.4 |
| 2021 (8) | 9.58 | -16.48 | 5.40 | -38.57 | 38.11 | 19.77 | 67.64 | 62.91 | 59.41 | -13.21 | 46.34 | 845.71 |
| 2020 (7) | 11.47 | 4.18 | 8.79 | 2.93 | 31.82 | -3.98 | 41.52 | -2.9 | 68.45 | -7.65 | 4.90 | 175.28 |
| 2019 (6) | 11.01 | 92.48 | 8.54 | -11.32 | 33.14 | -48.06 | 42.76 | 12.85 | 74.12 | 26.53 | 1.78 | -95.87 |
| 2018 (5) | 5.72 | 41.94 | 9.63 | -14.55 | 63.80 | -29.58 | 37.89 | 16.98 | 58.58 | 8.62 | 43.11 | -37.58 |
| 2017 (4) | 4.03 | 7.18 | 11.27 | 25.36 | 90.60 | -6.58 | 32.39 | -20.24 | 53.93 | -1.14 | 69.06 | -16.83 |
| 2016 (3) | 3.76 | 31.93 | 8.99 | 171.6 | 96.98 | -24.25 | 40.61 | -63.13 | 54.55 | -4.8 | 83.03 | -54.09 |
| 2015 (2) | 2.85 | -10.94 | 3.31 | 12.2 | 128.03 | 12.33 | 110.13 | -10.99 | 57.30 | 19.62 | 180.87 | -4.71 |
| 2014 (1) | 3.20 | 0 | 2.95 | 0 | 113.98 | 0 | 123.73 | 0 | 47.90 | 0 | 189.82 | 0 |
