- 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) | 6.07 | 28.87 | -60.33 | 0.09 | 125.0 | -43.75 | 14.99 | -22.41 | 151.93 | 1052.36 | -51.21 | 80.91 | 40.11 | -45.0 | 105.48 | 1027.25 | -51.16 | 80.81 |
| 23Q3 (19) | 4.71 | -46.84 | -41.78 | 0.04 | -42.86 | -50.0 | 19.32 | 87.94 | 71.73 | 2156.89 | 60.51 | 92.51 | 72.93 | 71.44 | 106.72 | 2103.28 | 60.37 | 91.84 |
| 23Q2 (18) | 8.86 | 47.42 | 44.3 | 0.07 | 40.0 | 75.0 | 10.28 | -32.1 | -30.68 | 1343.74 | -24.11 | -34.0 | 42.54 | -20.22 | -16.56 | 1311.48 | -24.29 | -34.43 |
| 23Q1 (17) | 6.01 | -60.72 | 120.15 | 0.05 | -68.75 | 150.0 | 15.14 | 154.45 | -54.63 | 1770.53 | 204.37 | -58.49 | 53.32 | 173.16 | -51.05 | 1732.35 | 204.92 | -58.65 |
| 22Q4 (16) | 15.30 | 89.12 | 1.86 | 0.16 | 100.0 | 33.33 | 5.95 | -47.11 | -1.82 | 581.70 | -48.08 | -20.8 | 19.52 | -44.67 | -4.08 | 568.13 | -48.18 | -21.12 |
| 22Q3 (15) | 8.09 | 31.76 | -9.1 | 0.08 | 100.0 | 33.33 | 11.25 | -24.14 | 10.08 | 1120.38 | -44.97 | -28.87 | 35.28 | -30.8 | -16.34 | 1096.35 | -45.18 | -28.95 |
| 22Q2 (14) | 6.14 | 124.91 | 25.56 | 0.04 | 100.0 | 33.33 | 14.83 | -55.56 | -20.23 | 2036.12 | -52.27 | -23.92 | 50.98 | -53.2 | -33.51 | 1999.97 | -52.27 | -23.62 |
| 22Q1 (13) | 2.73 | -81.82 | -62.34 | 0.02 | -83.33 | -75.0 | 33.37 | 450.66 | 165.68 | 4265.47 | 480.73 | 259.49 | 108.93 | 435.28 | 174.18 | 4189.91 | 481.76 | 261.4 |
| 21Q4 (12) | 15.02 | 68.76 | -7.28 | 0.12 | 100.0 | -42.86 | 6.06 | -40.7 | 7.83 | 734.50 | -53.37 | 72.95 | 20.35 | -51.74 | 33.44 | 720.21 | -53.33 | 73.52 |
| 21Q3 (11) | 8.90 | 82.0 | 7.1 | 0.06 | 100.0 | -14.29 | 10.22 | -45.02 | -6.75 | 1575.11 | -41.15 | 25.99 | 42.17 | -45.0 | 11.86 | 1543.16 | -41.06 | 26.13 |
| 21Q2 (10) | 4.89 | -32.55 | -56.73 | 0.03 | -62.5 | -40.0 | 18.59 | 48.01 | 130.93 | 2676.42 | 125.57 | 56.33 | 76.67 | 92.98 | 28.28 | 2618.35 | 125.85 | 57.7 |
| 21Q1 (9) | 7.25 | -55.25 | 103.65 | 0.08 | -61.9 | 300.0 | 12.56 | 123.49 | -50.92 | 1186.52 | 179.38 | -69.94 | 39.73 | 160.52 | -73.37 | 1159.35 | 179.32 | -69.68 |
| 20Q4 (8) | 16.20 | 94.95 | -1.52 | 0.21 | 200.0 | 61.54 | 5.62 | -48.72 | 1.63 | 424.69 | -66.03 | -38.06 | 15.25 | -59.55 | -33.0 | 415.06 | -66.07 | -37.91 |
| 20Q3 (7) | 8.31 | -26.46 | 69.59 | 0.07 | 40.0 | 133.33 | 10.96 | 36.15 | -41.01 | 1250.18 | -26.98 | -52.59 | 37.70 | -36.92 | -50.84 | 1223.43 | -26.31 | -52.56 |
| 20Q2 (6) | 11.30 | 217.42 | -33.41 | 0.05 | 150.0 | -50.0 | 8.05 | -68.54 | 50.19 | 1712.04 | -56.63 | 78.78 | 59.77 | -59.95 | 197.96 | 1660.32 | -56.58 | 76.08 |
| 20Q1 (5) | 3.56 | -78.36 | -36.65 | 0.02 | -84.62 | -60.0 | 25.59 | 362.75 | 57.87 | 3947.51 | 475.71 | 137.54 | 149.22 | 555.62 | 191.1 | 3823.88 | 472.05 | 135.05 |
| 19Q4 (4) | 16.45 | 235.71 | 0.0 | 0.13 | 333.33 | 0.0 | 5.53 | -70.24 | 0.0 | 685.68 | -74.0 | 0.0 | 22.76 | -70.32 | 0.0 | 668.45 | -74.08 | 0.0 |
| 19Q3 (3) | 4.90 | -71.13 | 0.0 | 0.03 | -70.0 | 0.0 | 18.58 | 246.64 | 0.0 | 2636.86 | 175.35 | 0.0 | 76.69 | 282.3 | 0.0 | 2578.75 | 173.48 | 0.0 |
| 19Q2 (2) | 16.97 | 201.96 | 0.0 | 0.10 | 100.0 | 0.0 | 5.36 | -66.93 | 0.0 | 957.63 | -42.38 | 0.0 | 20.06 | -60.87 | 0.0 | 942.93 | -42.04 | 0.0 |
| 19Q1 (1) | 5.62 | 0.0 | 0.0 | 0.05 | 0.0 | 0.0 | 16.21 | 0.0 | 0.0 | 1661.86 | 0.0 | 0.0 | 51.26 | 0.0 | 0.0 | 1626.81 | 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) | 16.89 | -49.2 | 0.25 | -26.47 | 21.62 | 96.9 | 1469.07 | 35.53 | 57.74 | 64.78 | 1432.95 | 35.2 |
| 2022 (9) | 33.25 | 33.0 | 0.34 | 13.33 | 10.98 | -24.79 | 1083.97 | -10.81 | 35.04 | -17.22 | 1059.91 | -10.76 |
| 2021 (8) | 25.00 | -27.52 | 0.30 | -23.08 | 14.60 | 38.0 | 1215.39 | 29.68 | 42.33 | 24.76 | 1187.66 | 29.96 |
| 2020 (7) | 34.49 | 17.59 | 0.39 | 21.88 | 10.58 | -14.95 | 937.24 | -17.32 | 33.93 | -22.05 | 913.89 | -17.1 |
| 2019 (6) | 29.33 | -20.17 | 0.32 | -17.95 | 12.44 | 25.28 | 1133.53 | 19.76 | 43.53 | 23.31 | 1102.45 | 19.68 |
| 2018 (5) | 36.74 | -23.36 | 0.39 | 18.18 | 9.93 | 30.49 | 946.51 | -14.4 | 35.30 | -21.82 | 921.15 | -13.77 |
| 2017 (4) | 47.94 | -47.5 | 0.33 | -25.0 | 7.61 | 90.25 | 1105.79 | 32.98 | 45.15 | 43.06 | 1068.26 | 32.87 |
| 2016 (3) | 91.32 | 82.02 | 0.44 | 131.58 | 4.00 | -45.05 | 831.55 | -57.3 | 31.56 | -23.14 | 803.99 | -57.99 |
| 2015 (2) | 50.17 | 6.31 | 0.19 | 0.0 | 7.28 | -5.94 | 1947.37 | -0.52 | 41.06 | -28.29 | 1913.59 | 0.29 |
| 2014 (1) | 47.19 | 40.2 | 0.19 | -9.52 | 7.74 | -28.6 | 1957.58 | 14.51 | 57.26 | -31.81 | 1908.06 | 16.6 |
