- 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) | 1.12 | 8.74 | -6.67 | 0.06 | 0.0 | 20.0 | 81.38 | -7.65 | 6.88 | 1418.15 | -10.4 | -17.15 | 174.73 | 1.59 | 6.37 | 1324.80 | -11.61 | -18.4 |
| 23Q3 (19) | 1.03 | -22.56 | -14.88 | 0.06 | 0.0 | 0.0 | 88.12 | 29.09 | 17.15 | 1582.73 | 11.0 | -3.5 | 171.99 | 12.75 | 25.87 | 1498.87 | 11.73 | -5.05 |
| 23Q2 (18) | 1.33 | 19.82 | 33.0 | 0.06 | 0.0 | 20.0 | 68.26 | -16.91 | -24.84 | 1425.85 | -12.15 | -17.05 | 152.54 | -15.24 | -3.92 | 1341.57 | -12.04 | -18.74 |
| 23Q1 (17) | 1.11 | -7.5 | 40.51 | 0.06 | 20.0 | -14.29 | 82.15 | 7.89 | -28.79 | 1623.01 | -5.18 | 18.99 | 179.96 | 9.56 | 30.58 | 1525.20 | -6.06 | 13.69 |
| 22Q4 (16) | 1.20 | -0.83 | -22.08 | 0.05 | -16.67 | -50.0 | 76.14 | 1.22 | 28.88 | 1711.74 | 4.37 | 86.79 | 164.26 | 20.21 | 118.95 | 1623.62 | 2.85 | 80.31 |
| 22Q3 (15) | 1.21 | 21.0 | 7.08 | 0.06 | 20.0 | -14.29 | 75.22 | -17.18 | -6.24 | 1640.09 | -4.58 | 28.91 | 136.64 | -13.94 | 75.25 | 1578.66 | -4.38 | 23.86 |
| 22Q2 (14) | 1.00 | 26.58 | -2.91 | 0.05 | -28.57 | -28.57 | 90.82 | -21.28 | 2.98 | 1718.86 | 26.02 | 34.3 | 158.77 | 15.2 | 85.98 | 1650.90 | 23.06 | 28.71 |
| 22Q1 (13) | 0.79 | -48.7 | -23.3 | 0.07 | -30.0 | 16.67 | 115.37 | 95.28 | 30.08 | 1363.96 | 48.84 | -7.81 | 137.82 | 83.71 | -8.24 | 1341.51 | 48.98 | -5.39 |
| 21Q4 (12) | 1.54 | 36.28 | 20.31 | 0.10 | 42.86 | 11.11 | 59.08 | -26.36 | -16.98 | 916.42 | -27.97 | -4.67 | 75.02 | -3.78 | -41.61 | 900.48 | -29.35 | -0.39 |
| 21Q3 (11) | 1.13 | 9.71 | -25.66 | 0.07 | 0.0 | -36.36 | 80.23 | -9.03 | 33.58 | 1272.29 | -0.59 | 51.35 | 77.97 | -8.67 | -27.87 | 1274.55 | -0.63 | 60.81 |
| 21Q2 (10) | 1.03 | 0.0 | 3.0 | 0.07 | 16.67 | 75.0 | 88.19 | -0.56 | -3.18 | 1279.85 | -13.49 | -38.0 | 85.37 | -43.16 | -66.88 | 1282.67 | -9.54 | -32.41 |
| 21Q1 (9) | 1.03 | -19.53 | -4.63 | 0.06 | -33.33 | 20.0 | 88.69 | 24.63 | 4.92 | 1479.43 | 53.89 | -15.54 | 150.19 | 16.89 | -27.05 | 1417.93 | 56.85 | -13.03 |
| 20Q4 (8) | 1.28 | -15.79 | 43.82 | 0.09 | -18.18 | 80.0 | 71.16 | 18.48 | -30.6 | 961.35 | 14.36 | -51.63 | 128.49 | 18.86 | -42.02 | 904.02 | 14.06 | -51.62 |
| 20Q3 (7) | 1.52 | 52.0 | 92.41 | 0.11 | 175.0 | 120.0 | 60.06 | -34.07 | -47.86 | 840.60 | -59.28 | -57.88 | 108.10 | -58.06 | -48.6 | 792.56 | -58.24 | -58.3 |
| 20Q2 (6) | 1.00 | -7.41 | -7.41 | 0.04 | -20.0 | -33.33 | 91.09 | 7.76 | 8.49 | 2064.37 | 17.85 | 47.39 | 257.77 | 25.2 | 96.25 | 1897.68 | 16.4 | 40.23 |
| 20Q1 (5) | 1.08 | 21.35 | 100.0 | 0.05 | 0.0 | 150.0 | 84.53 | -17.56 | -50.2 | 1751.73 | -11.87 | -54.35 | 205.89 | -7.09 | -41.43 | 1630.37 | -12.74 | -55.4 |
| 19Q4 (4) | 0.89 | 12.66 | 0.0 | 0.05 | 0.0 | 0.0 | 102.53 | -11.0 | 0.0 | 1987.56 | -0.4 | 0.0 | 221.61 | 5.37 | 0.0 | 1868.47 | -1.69 | 0.0 |
| 19Q3 (3) | 0.79 | -26.85 | 0.0 | 0.05 | -16.67 | 0.0 | 115.20 | 37.21 | 0.0 | 1995.64 | 42.48 | 0.0 | 210.31 | 60.11 | 0.0 | 1900.52 | 40.44 | 0.0 |
| 19Q2 (2) | 1.08 | 100.0 | 0.0 | 0.06 | 200.0 | 0.0 | 83.96 | -50.54 | 0.0 | 1400.65 | -63.5 | 0.0 | 131.35 | -62.63 | 0.0 | 1353.26 | -62.98 | 0.0 |
| 19Q1 (1) | 0.54 | 0.0 | 0.0 | 0.02 | 0.0 | 0.0 | 169.75 | 0.0 | 0.0 | 3836.95 | 0.0 | 0.0 | 351.50 | 0.0 | 0.0 | 3655.20 | 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) | 3.94 | 28.76 | 0.24 | 4.35 | 92.72 | -22.2 | 1523.43 | -4.81 | 187.47 | 8.48 | 1428.68 | -7.64 |
| 2022 (9) | 3.06 | -19.47 | 0.23 | -23.33 | 119.18 | 23.91 | 1600.42 | 30.65 | 172.81 | 19.71 | 1546.79 | 31.44 |
| 2021 (8) | 3.80 | -20.5 | 0.30 | -3.23 | 96.18 | 26.07 | 1224.96 | 2.71 | 144.36 | -1.88 | 1176.78 | 4.9 |
| 2020 (7) | 4.78 | 49.38 | 0.31 | 72.22 | 76.29 | -33.04 | 1192.64 | -41.35 | 147.13 | -28.76 | 1121.80 | -42.2 |
| 2019 (6) | 3.20 | -10.86 | 0.18 | 12.5 | 113.94 | 11.99 | 2033.43 | -10.68 | 206.53 | 1.15 | 1940.84 | -10.73 |
| 2018 (5) | 3.59 | 51.48 | 0.16 | 100.0 | 101.74 | -33.93 | 2276.64 | -47.81 | 204.18 | -46.79 | 2174.21 | -47.38 |
| 2017 (4) | 2.37 | -38.12 | 0.08 | 14.29 | 153.99 | 61.48 | 4361.86 | -14.38 | 383.74 | -68.55 | 4132.11 | 4.08 |
| 2016 (3) | 3.83 | 53.2 | 0.07 | -22.22 | 95.36 | -34.81 | 5094.59 | 21.9 | 1219.98 | -19.11 | 3969.97 | 40.92 |
| 2015 (2) | 2.50 | -32.43 | 0.09 | -88.75 | 146.27 | 48.17 | 4179.16 | 821.7 | 1508.19 | 859.84 | 2817.23 | 613.2 |
| 2014 (1) | 3.70 | -39.54 | 0.80 | 8.11 | 98.72 | 65.47 | 453.42 | -7.6 | 157.13 | -53.77 | 395.01 | 87.66 |
