- 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) | 1.36 | -11.11 | -18.56 | 0.82 | -21.15 | -6.82 | 66.79 | 12.48 | 22.57 | 111.11 | 27.43 | 7.38 | 66.44 | 16.42 | 20.08 | 111.45 | 24.53 | 8.58 |
| 23Q3 (19) | 1.53 | -12.07 | -9.47 | 1.04 | -6.31 | 19.54 | 59.38 | 13.71 | 10.0 | 87.19 | 5.95 | -16.3 | 57.07 | 16.95 | 0.78 | 89.50 | 4.41 | -11.83 |
| 23Q2 (18) | 1.74 | 5.45 | 2.35 | 1.11 | 20.65 | 38.75 | 52.22 | -5.12 | -2.37 | 82.29 | -16.41 | -27.99 | 48.80 | -10.43 | -22.38 | 85.72 | -13.41 | -18.27 |
| 23Q1 (17) | 1.65 | -1.2 | 10.0 | 0.92 | 4.55 | 19.48 | 55.04 | 1.01 | -9.34 | 98.44 | -4.86 | -17.15 | 54.48 | -1.54 | -13.36 | 98.99 | -3.56 | -15.13 |
| 22Q4 (16) | 1.67 | -1.18 | 10.6 | 0.88 | 1.15 | -1.12 | 54.49 | 0.94 | -9.71 | 103.47 | -0.67 | 0.69 | 55.33 | -2.3 | 3.04 | 102.64 | 1.11 | -6.19 |
| 22Q3 (15) | 1.69 | -0.59 | 17.36 | 0.87 | 8.75 | -8.42 | 53.98 | 0.92 | -14.72 | 104.17 | -8.84 | 9.08 | 56.63 | -9.93 | 9.18 | 101.51 | -3.21 | -5.07 |
| 22Q2 (14) | 1.70 | 13.33 | 23.19 | 0.80 | 3.9 | -19.19 | 53.49 | -11.89 | -18.61 | 114.27 | -3.82 | 23.94 | 62.87 | -0.02 | 28.12 | 104.88 | -10.08 | -3.64 |
| 22Q1 (13) | 1.50 | -0.66 | 2.04 | 0.77 | -13.48 | -14.44 | 60.71 | 0.6 | -1.89 | 118.81 | 15.62 | 17.83 | 62.88 | 17.09 | 31.66 | 116.64 | 6.61 | 1.46 |
| 21Q4 (12) | 1.51 | 4.86 | 2.03 | 0.89 | -6.32 | 8.54 | 60.35 | -4.66 | -1.97 | 102.76 | 7.6 | -7.41 | 53.70 | 3.53 | 0.81 | 109.41 | 2.32 | -8.27 |
| 21Q3 (11) | 1.44 | 4.35 | -4.64 | 0.95 | -4.04 | 5.56 | 63.30 | -3.68 | 5.01 | 95.50 | 3.58 | -5.69 | 51.87 | 5.71 | -9.7 | 106.93 | -1.75 | 2.72 |
| 21Q2 (10) | 1.38 | -6.12 | -21.59 | 0.99 | 10.0 | 1.02 | 65.72 | 6.21 | 26.82 | 92.20 | -8.56 | -0.74 | 49.07 | 2.74 | -7.52 | 108.84 | -5.32 | 18.77 |
| 21Q1 (9) | 1.47 | -0.68 | -2.65 | 0.90 | 9.76 | 5.88 | 61.88 | 0.52 | 2.81 | 100.83 | -9.15 | -6.24 | 47.76 | -10.34 | -14.49 | 114.96 | -3.61 | 2.75 |
| 20Q4 (8) | 1.48 | -1.99 | -14.94 | 0.82 | -8.89 | -18.0 | 61.56 | 2.12 | 17.91 | 110.98 | 9.6 | 22.49 | 53.27 | -7.26 | 5.51 | 119.27 | 14.57 | 29.19 |
| 20Q3 (7) | 1.51 | -14.2 | -19.68 | 0.90 | -8.16 | -23.08 | 60.28 | 16.33 | 24.75 | 101.26 | 9.01 | 29.7 | 57.44 | 8.25 | 27.87 | 104.10 | 13.6 | 27.79 |
| 20Q2 (6) | 1.76 | 16.56 | -0.56 | 0.98 | 15.29 | -4.85 | 51.82 | -13.91 | 0.74 | 92.89 | -13.62 | 4.71 | 53.06 | -5.0 | 8.73 | 91.64 | -18.09 | 0.32 |
| 20Q1 (5) | 1.51 | -13.22 | -15.17 | 0.85 | -15.0 | -4.49 | 60.19 | 15.28 | 17.88 | 107.54 | 18.7 | 5.48 | 55.85 | 10.62 | 2.27 | 111.88 | 21.19 | 13.7 |
| 19Q4 (4) | 1.74 | -7.45 | 0.0 | 1.00 | -14.53 | 0.0 | 52.21 | 8.05 | 0.0 | 90.60 | 16.05 | 0.0 | 50.49 | 12.4 | 0.0 | 92.32 | 13.33 | 0.0 |
| 19Q3 (3) | 1.88 | 6.21 | 0.0 | 1.17 | 13.59 | 0.0 | 48.32 | -6.07 | 0.0 | 78.07 | -11.99 | 0.0 | 44.92 | -7.95 | 0.0 | 81.46 | -10.83 | 0.0 |
| 19Q2 (2) | 1.77 | -0.56 | 0.0 | 1.03 | 15.73 | 0.0 | 51.44 | 0.74 | 0.0 | 88.71 | -12.99 | 0.0 | 48.80 | -10.64 | 0.0 | 91.35 | -7.16 | 0.0 |
| 19Q1 (1) | 1.78 | 0.0 | 0.0 | 0.89 | 0.0 | 0.0 | 51.06 | 0.0 | 0.0 | 101.95 | 0.0 | 0.0 | 54.61 | 0.0 | 0.0 | 98.40 | 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) | 6.68 | 3.09 | 3.60 | 0.28 | 54.68 | -2.89 | 101.25 | -0.3 | 55.16 | -0.07 | 100.78 | -1.84 |
| 2022 (9) | 6.48 | 3.68 | 3.59 | -0.28 | 56.31 | -3.61 | 101.55 | 0.23 | 55.20 | 9.2 | 102.67 | -5.97 |
| 2021 (8) | 6.25 | -5.73 | 3.60 | 1.98 | 58.42 | 6.14 | 101.32 | -2.09 | 50.55 | -1.86 | 109.19 | 2.04 |
| 2020 (7) | 6.63 | -18.75 | 3.53 | -11.97 | 55.04 | 23.08 | 103.48 | 13.79 | 51.51 | 4.65 | 107.01 | 23.81 |
| 2019 (6) | 8.16 | 38.78 | 4.01 | 39.72 | 44.72 | -28.0 | 90.94 | -28.39 | 49.22 | -21.61 | 86.43 | -31.57 |
| 2018 (5) | 5.88 | -15.15 | 2.87 | -11.42 | 62.11 | 17.99 | 126.99 | 12.87 | 62.79 | 24.16 | 126.31 | 10.24 |
| 2017 (4) | 6.93 | -9.41 | 3.24 | 0.62 | 52.64 | 10.31 | 112.51 | -0.79 | 50.57 | -1.1 | 114.58 | 4.17 |
| 2016 (3) | 7.65 | -2.42 | 3.22 | -3.3 | 47.72 | 2.49 | 113.41 | 3.46 | 51.13 | 0.93 | 109.99 | 4.24 |
| 2015 (2) | 7.84 | 6.09 | 3.33 | -13.95 | 46.56 | -5.67 | 109.62 | 16.32 | 50.66 | 0.52 | 105.52 | 13.21 |
| 2014 (1) | 7.39 | 18.05 | 3.87 | 6.91 | 49.36 | -15.36 | 94.24 | -6.46 | 50.40 | -12.06 | 93.21 | -8.4 |
