- 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) | 37.24 | 105.52 | 1366.14 | 0.13 | 116.67 | 1200.0 | 2.44 | -51.39 | -93.2 | 708.74 | -53.91 | -93.06 | 29.11 | -45.01 | -92.55 | 682.08 | -54.22 | -93.08 |
| 23Q3 (19) | 18.12 | 60.07 | 65.18 | 0.06 | 100.0 | 50.0 | 5.02 | -37.56 | -39.52 | 1537.77 | -50.03 | -36.13 | 52.94 | -49.8 | -41.91 | 1489.85 | -50.01 | -35.92 |
| 23Q2 (18) | 11.32 | -65.38 | -78.02 | 0.03 | -66.67 | -85.0 | 8.04 | 189.21 | 354.24 | 3077.58 | 193.85 | 579.17 | 105.45 | 173.75 | 568.25 | 2980.17 | 194.6 | 578.65 |
| 23Q1 (17) | 32.70 | 1187.4 | 142.22 | 0.09 | 800.0 | 80.0 | 2.78 | -92.25 | -58.75 | 1047.33 | -89.75 | -41.88 | 38.52 | -90.14 | -39.67 | 1011.59 | -89.74 | -42.03 |
| 22Q4 (16) | 2.54 | -76.85 | -83.39 | 0.01 | -75.0 | -90.0 | 35.88 | 332.29 | 503.03 | 10214.70 | 324.25 | 1001.15 | 390.78 | 328.77 | 1004.21 | 9859.80 | 324.11 | 997.73 |
| 22Q3 (15) | 10.97 | -78.7 | -39.02 | 0.04 | -80.0 | -69.23 | 8.30 | 368.93 | 64.03 | 2407.68 | 431.33 | 233.75 | 91.14 | 477.57 | 257.55 | 2324.83 | 429.42 | 231.65 |
| 22Q2 (14) | 51.51 | 281.56 | 519.86 | 0.20 | 300.0 | 400.0 | 1.77 | -73.74 | -83.84 | 453.14 | -74.86 | -81.57 | 15.78 | -75.29 | -81.37 | 439.13 | -74.84 | -81.59 |
| 22Q1 (13) | 13.50 | -11.71 | 191.58 | 0.05 | -50.0 | 66.67 | 6.74 | 13.28 | -65.73 | 1802.13 | 94.27 | -44.68 | 63.85 | 80.42 | -50.62 | 1745.02 | 94.28 | -44.57 |
| 21Q4 (12) | 15.29 | -15.01 | 250.69 | 0.10 | -23.08 | 233.33 | 5.95 | 17.59 | -71.52 | 927.64 | 28.59 | -70.22 | 35.39 | 38.84 | -73.43 | 898.20 | 28.13 | -70.09 |
| 21Q3 (11) | 17.99 | 116.49 | 258.37 | 0.13 | 225.0 | 160.0 | 5.06 | -53.79 | -72.08 | 721.41 | -70.66 | -59.28 | 25.49 | -69.9 | -66.58 | 700.98 | -70.61 | -59.09 |
| 21Q2 (10) | 8.31 | 79.48 | -54.93 | 0.04 | 33.33 | -76.47 | 10.95 | -44.33 | 122.11 | 2458.99 | -24.51 | 361.09 | 84.69 | -34.5 | 287.24 | 2385.25 | -24.23 | 361.94 |
| 21Q1 (9) | 4.63 | 6.19 | 41.16 | 0.03 | 0.0 | 0.0 | 19.67 | -5.84 | -29.04 | 3257.57 | 4.58 | -1.51 | 129.30 | -2.92 | -18.08 | 3147.94 | 4.84 | -0.92 |
| 20Q4 (8) | 4.36 | -13.15 | -62.15 | 0.03 | -40.0 | -70.0 | 20.89 | 15.29 | 164.43 | 3114.96 | 75.81 | 249.8 | 133.19 | 74.63 | 123.92 | 3002.67 | 75.22 | 257.92 |
| 20Q3 (7) | 5.02 | -72.78 | -87.14 | 0.05 | -70.59 | -84.38 | 18.12 | 267.55 | 677.68 | 1771.76 | 232.23 | 528.13 | 76.27 | 248.74 | 330.17 | 1713.61 | 231.86 | 542.57 |
| 20Q2 (6) | 18.44 | 462.2 | 118.48 | 0.17 | 466.67 | 183.33 | 4.93 | -82.22 | -54.27 | 533.30 | -83.88 | -65.51 | 21.87 | -86.14 | -68.22 | 516.36 | -83.75 | -65.3 |
| 20Q1 (5) | 3.28 | -71.53 | -3.81 | 0.03 | -70.0 | 50.0 | 27.72 | 250.89 | 3.86 | 3307.35 | 271.4 | -19.38 | 157.83 | 165.35 | -6.01 | 3177.24 | 278.73 | -19.79 |
| 19Q4 (4) | 11.52 | -70.48 | 0.0 | 0.10 | -68.75 | 0.0 | 7.90 | 239.06 | 0.0 | 890.50 | 215.7 | 0.0 | 59.48 | 235.48 | 0.0 | 838.93 | 214.58 | 0.0 |
| 19Q3 (3) | 39.03 | 362.44 | 0.0 | 0.32 | 433.33 | 0.0 | 2.33 | -78.39 | 0.0 | 282.07 | -81.76 | 0.0 | 17.73 | -74.23 | 0.0 | 266.68 | -82.08 | 0.0 |
| 19Q2 (2) | 8.44 | 147.51 | 0.0 | 0.06 | 200.0 | 0.0 | 10.78 | -59.61 | 0.0 | 1546.14 | -62.31 | 0.0 | 68.81 | -59.02 | 0.0 | 1488.12 | -62.43 | 0.0 |
| 19Q1 (1) | 3.41 | 0.0 | 0.0 | 0.02 | 0.0 | 0.0 | 26.69 | 0.0 | 0.0 | 4102.63 | 0.0 | 0.0 | 167.92 | 0.0 | 0.0 | 3961.39 | 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) | 98.82 | 13.68 | 0.30 | 3.45 | 3.69 | -12.14 | 1218.56 | -1.73 | 51.95 | 8.7 | 1170.31 | -2.19 |
| 2022 (9) | 86.93 | 44.4 | 0.29 | 0.0 | 4.20 | -30.69 | 1240.05 | -1.71 | 47.79 | -7.31 | 1196.46 | -1.61 |
| 2021 (8) | 60.20 | 33.54 | 0.29 | 7.41 | 6.06 | -25.19 | 1261.60 | -8.02 | 51.56 | -25.44 | 1216.10 | -7.21 |
| 2020 (7) | 45.08 | -34.74 | 0.27 | -47.06 | 8.10 | 53.41 | 1371.58 | 91.89 | 69.15 | 88.68 | 1310.53 | 91.77 |
| 2019 (6) | 69.08 | 372.5 | 0.51 | 325.0 | 5.28 | -78.85 | 714.76 | -77.38 | 36.65 | -79.84 | 683.39 | -77.25 |
| 2018 (5) | 14.62 | -76.74 | 0.12 | -53.85 | 24.96 | 329.6 | 3160.50 | 127.1 | 181.82 | 94.17 | 3003.64 | 130.37 |
| 2017 (4) | 62.86 | -79.77 | 0.26 | -3.7 | 5.81 | 396.58 | 1391.67 | 2.75 | 93.64 | 32.37 | 1303.84 | 1.48 |
| 2016 (3) | 310.80 | 186.06 | 0.27 | 92.86 | 1.17 | -65.18 | 1354.38 | -47.16 | 70.74 | -34.26 | 1284.82 | -47.74 |
| 2015 (2) | 108.65 | 20.0 | 0.14 | -6.67 | 3.36 | -16.63 | 2563.00 | 5.96 | 107.60 | 12.28 | 2458.75 | 5.66 |
| 2014 (1) | 90.54 | -68.53 | 0.15 | -40.0 | 4.03 | 217.32 | 2418.92 | 68.57 | 95.83 | 51.73 | 2327.12 | 69.48 |
