- 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) | 1.13 | -1.74 | 5.61 | 1.17 | 21.87 | 50.0 | 80.40 | 1.63 | -5.85 | 77.89 | -17.89 | -33.5 | 49.72 | 6.19 | 10.22 | 108.56 | -14.62 | -31.03 |
| 23Q3 (19) | 1.15 | 3.6 | 17.35 | 0.96 | 14.29 | 23.08 | 79.11 | -3.23 | -14.87 | 94.86 | -12.26 | -18.18 | 46.82 | 11.16 | 18.62 | 127.15 | -13.94 | -24.94 |
| 23Q2 (18) | 1.11 | 9.9 | -35.84 | 0.84 | 15.07 | -39.13 | 81.75 | -8.97 | 55.71 | 108.11 | -13.26 | 64.38 | 42.12 | -19.76 | 53.83 | 147.74 | -8.77 | 62.55 |
| 23Q1 (17) | 1.01 | -5.61 | -9.82 | 0.73 | -6.41 | -29.13 | 89.81 | 5.16 | 10.95 | 124.64 | 6.42 | 40.95 | 52.49 | 16.36 | 10.95 | 161.95 | 2.89 | 32.68 |
| 22Q4 (16) | 1.07 | 9.18 | -6.96 | 0.78 | 0.0 | -32.76 | 85.40 | -8.1 | 7.84 | 117.12 | 1.02 | 49.64 | 45.11 | 14.29 | -7.9 | 157.40 | -7.08 | 45.08 |
| 22Q3 (15) | 0.98 | -43.35 | -24.62 | 0.78 | -43.48 | -40.46 | 92.93 | 77.01 | 32.68 | 115.94 | 76.28 | 67.42 | 39.47 | 44.16 | -23.34 | 169.39 | 86.37 | 92.93 |
| 22Q2 (14) | 1.73 | 54.46 | 41.8 | 1.38 | 33.98 | 2.22 | 52.50 | -35.15 | -29.7 | 65.77 | -25.62 | -2.56 | 27.38 | -42.13 | -50.54 | 90.89 | -25.54 | 4.68 |
| 22Q1 (13) | 1.12 | -2.61 | -12.5 | 1.03 | -11.21 | -29.93 | 80.95 | 2.22 | 14.3 | 88.43 | 12.98 | 43.11 | 47.31 | -3.41 | 3.91 | 122.06 | 12.51 | 40.15 |
| 21Q4 (12) | 1.15 | -11.54 | -12.88 | 1.16 | -11.45 | -7.94 | 79.19 | 13.06 | 15.27 | 78.27 | 13.03 | 8.29 | 48.98 | -4.87 | 27.39 | 108.49 | 23.56 | 5.82 |
| 21Q3 (11) | 1.30 | 6.56 | 2.36 | 1.31 | -2.96 | 23.58 | 70.04 | -6.21 | -2.61 | 69.25 | 2.59 | -19.61 | 51.49 | -6.99 | 14.75 | 87.80 | 1.12 | -22.43 |
| 21Q2 (10) | 1.22 | -4.69 | -6.15 | 1.35 | -8.16 | 23.85 | 74.68 | 5.45 | 6.35 | 67.50 | 9.24 | -18.79 | 55.36 | 21.59 | -1.88 | 86.83 | -0.3 | -10.4 |
| 21Q1 (9) | 1.28 | -3.03 | 17.43 | 1.47 | 16.67 | 26.72 | 70.82 | 3.09 | -15.25 | 61.79 | -14.51 | -21.21 | 45.53 | 18.41 | -32.18 | 87.09 | -15.05 | -8.18 |
| 20Q4 (8) | 1.32 | 3.94 | 7.32 | 1.26 | 18.87 | -11.27 | 68.70 | -4.48 | -7.36 | 72.28 | -16.09 | 13.11 | 38.45 | -14.31 | -25.21 | 102.52 | -9.43 | 18.33 |
| 20Q3 (7) | 1.27 | -2.31 | -4.51 | 1.06 | -2.75 | -19.08 | 71.92 | 2.42 | 5.15 | 86.14 | 3.63 | 23.98 | 44.87 | -20.47 | -3.86 | 113.19 | 16.8 | 24.1 |
| 20Q2 (6) | 1.30 | 19.27 | -10.34 | 1.09 | -6.03 | -8.4 | 70.22 | -15.96 | 12.03 | 83.12 | 5.99 | 8.98 | 56.42 | -15.95 | 36.44 | 96.91 | 2.17 | -0.71 |
| 20Q1 (5) | 1.09 | -11.38 | -6.03 | 1.16 | -18.31 | 26.09 | 83.56 | 12.68 | 6.7 | 78.42 | 22.72 | -20.9 | 67.13 | 30.58 | 55.47 | 94.85 | 9.48 | -29.36 |
| 19Q4 (4) | 1.23 | -7.52 | 0.0 | 1.42 | 8.4 | 0.0 | 74.16 | 8.42 | 0.0 | 63.90 | -8.03 | 0.0 | 51.41 | 10.16 | 0.0 | 86.64 | -5.01 | 0.0 |
| 19Q3 (3) | 1.33 | -8.28 | 0.0 | 1.31 | 10.08 | 0.0 | 68.40 | 9.13 | 0.0 | 69.48 | -8.9 | 0.0 | 46.67 | 12.87 | 0.0 | 91.21 | -6.55 | 0.0 |
| 19Q2 (2) | 1.45 | 25.0 | 0.0 | 1.19 | 29.35 | 0.0 | 62.68 | -19.96 | 0.0 | 76.27 | -23.07 | 0.0 | 41.35 | -4.24 | 0.0 | 97.60 | -27.31 | 0.0 |
| 19Q1 (1) | 1.16 | 0.0 | 0.0 | 0.92 | 0.0 | 0.0 | 78.31 | 0.0 | 0.0 | 99.14 | 0.0 | 0.0 | 43.18 | 0.0 | 0.0 | 134.27 | 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) | 4.38 | -20.07 | 3.48 | -25.32 | 83.24 | 24.87 | 104.84 | 33.76 | 54.83 | 40.81 | 133.25 | 25.59 |
| 2022 (9) | 5.48 | 6.0 | 4.66 | -11.57 | 66.66 | -5.59 | 78.38 | 13.1 | 38.94 | -2.41 | 106.10 | 6.08 |
| 2021 (8) | 5.17 | 13.63 | 5.27 | -3.13 | 70.61 | -11.89 | 69.30 | 3.34 | 39.90 | -22.16 | 100.02 | 4.25 |
| 2020 (7) | 4.55 | -1.73 | 5.44 | 15.5 | 80.14 | 1.67 | 67.06 | -13.45 | 51.26 | 0.67 | 95.94 | -8.97 |
| 2019 (6) | 4.63 | -5.32 | 4.71 | 4.43 | 78.82 | 5.67 | 77.48 | -4.22 | 50.92 | 10.58 | 105.39 | -3.68 |
| 2018 (5) | 4.89 | 4.71 | 4.51 | -4.85 | 74.59 | -4.51 | 80.89 | 5.07 | 46.05 | -7.18 | 109.42 | 3.73 |
| 2017 (4) | 4.67 | -2.51 | 4.74 | -1.46 | 78.11 | 2.52 | 76.99 | 1.36 | 49.61 | 9.68 | 105.49 | -1.34 |
| 2016 (3) | 4.79 | 6.68 | 4.81 | 10.83 | 76.19 | -6.24 | 75.96 | -9.71 | 45.23 | -19.42 | 106.92 | -2.14 |
| 2015 (2) | 4.49 | -2.6 | 4.34 | -6.26 | 81.26 | 2.6 | 84.13 | 6.76 | 56.13 | -11.54 | 109.26 | 15.56 |
| 2014 (1) | 4.61 | 4.77 | 4.63 | -12.14 | 79.20 | -4.51 | 78.80 | 13.74 | 63.45 | -7.16 | 94.55 | 12.72 |
