- 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) | 20.01 | -33.94 | 41.41 | 0.12 | 9.09 | 200.0 | 4.55 | 51.67 | -29.24 | 761.15 | -11.49 | -66.55 | 35.99 | -4.89 | -63.07 | 729.71 | -11.56 | -66.6 |
| 23Q3 (19) | 30.29 | 336.46 | 537.68 | 0.11 | 450.0 | 450.0 | 3.00 | -77.12 | -84.35 | 859.94 | -78.36 | -84.47 | 37.84 | -78.44 | -84.39 | 825.11 | -78.35 | -84.48 |
| 23Q2 (18) | 6.94 | -41.83 | 84.57 | 0.02 | -50.0 | -60.0 | 13.11 | 71.82 | -45.8 | 3973.79 | 64.71 | 106.69 | 175.55 | 62.47 | 95.86 | 3811.35 | 64.83 | 105.23 |
| 23Q1 (17) | 11.93 | -15.69 | -13.86 | 0.04 | 0.0 | -71.43 | 7.63 | 18.66 | 16.13 | 2412.66 | 6.03 | 263.73 | 108.05 | 10.87 | 215.57 | 2312.24 | 5.85 | 263.77 |
| 22Q4 (16) | 14.15 | 197.89 | 540.27 | 0.04 | 100.0 | 100.0 | 6.43 | -66.46 | -84.38 | 2275.50 | -58.92 | -40.75 | 97.46 | -59.79 | -47.28 | 2184.46 | -58.9 | -40.91 |
| 22Q3 (15) | 4.75 | 26.33 | -36.5 | 0.02 | -60.0 | -33.33 | 19.17 | -20.75 | 57.65 | 5538.74 | 188.09 | 75.13 | 242.38 | 170.42 | 83.77 | 5315.53 | 186.22 | 74.69 |
| 22Q2 (14) | 3.76 | -72.85 | 91.84 | 0.05 | -64.29 | 150.0 | 24.19 | 268.19 | -47.86 | 1922.58 | 189.85 | -56.9 | 89.63 | 161.77 | -52.65 | 1857.14 | 192.17 | -56.99 |
| 22Q1 (13) | 13.85 | 526.7 | 739.39 | 0.14 | 600.0 | 600.0 | 6.57 | -84.04 | -88.12 | 663.31 | -82.73 | -85.05 | 34.24 | -81.48 | -82.82 | 635.64 | -82.81 | -85.19 |
| 21Q4 (12) | 2.21 | -70.45 | -58.69 | 0.02 | -33.33 | -83.33 | 41.17 | 238.57 | 142.03 | 3840.51 | 21.43 | 406.6 | 184.88 | 40.18 | 387.68 | 3696.81 | 21.49 | 401.47 |
| 21Q3 (11) | 7.48 | 281.63 | 11.81 | 0.03 | 50.0 | -76.92 | 12.16 | -73.79 | -10.65 | 3162.64 | -29.1 | 353.61 | 131.89 | -30.33 | 290.32 | 3042.90 | -29.53 | 349.45 |
| 21Q2 (10) | 1.96 | 18.79 | -55.35 | 0.02 | 0.0 | -66.67 | 46.39 | -16.14 | 123.67 | 4460.93 | 0.56 | 190.84 | 189.30 | -5.03 | 158.47 | 4318.01 | 0.6 | 191.5 |
| 21Q1 (9) | 1.65 | -69.16 | -46.6 | 0.02 | -83.33 | -50.0 | 55.32 | 225.22 | 87.59 | 4436.17 | 485.18 | 91.73 | 199.32 | 425.77 | 44.38 | 4292.16 | 482.23 | 94.63 |
| 20Q4 (8) | 5.35 | -20.03 | 46.58 | 0.12 | -7.69 | 200.0 | 17.01 | 24.98 | -31.74 | 758.09 | 8.73 | -62.55 | 37.91 | 12.19 | -69.72 | 737.19 | 8.89 | -61.69 |
| 20Q3 (7) | 6.69 | 52.39 | 3.4 | 0.13 | 116.67 | 85.71 | 13.61 | -34.38 | -3.2 | 697.21 | -54.54 | -45.1 | 33.79 | -53.86 | -47.69 | 677.03 | -54.3 | -44.48 |
| 20Q2 (6) | 4.39 | 42.07 | -1.79 | 0.06 | 50.0 | 20.0 | 20.74 | -29.67 | 1.92 | 1533.81 | -33.71 | -19.09 | 73.24 | -46.95 | -24.1 | 1481.31 | -32.83 | -18.59 |
| 20Q1 (5) | 3.09 | -15.34 | 175.89 | 0.04 | 0.0 | 100.0 | 29.49 | 18.34 | -63.82 | 2313.80 | 14.3 | -44.59 | 138.05 | 10.25 | -44.08 | 2205.25 | 14.61 | -45.01 |
| 19Q4 (4) | 3.65 | -43.59 | 0.0 | 0.04 | -42.86 | 0.0 | 24.92 | 77.24 | 0.0 | 2024.41 | 59.4 | 0.0 | 125.21 | 93.82 | 0.0 | 1924.12 | 57.78 | 0.0 |
| 19Q3 (3) | 6.47 | 44.74 | 0.0 | 0.07 | 40.0 | 0.0 | 14.06 | -30.91 | 0.0 | 1270.02 | -33.0 | 0.0 | 64.60 | -33.05 | 0.0 | 1219.48 | -32.98 | 0.0 |
| 19Q2 (2) | 4.47 | 299.11 | 0.0 | 0.05 | 150.0 | 0.0 | 20.35 | -75.03 | 0.0 | 1895.65 | -54.6 | 0.0 | 96.49 | -60.91 | 0.0 | 1819.51 | -54.63 | 0.0 |
| 19Q1 (1) | 1.12 | 0.0 | 0.0 | 0.02 | 0.0 | 0.0 | 81.51 | 0.0 | 0.0 | 4175.63 | 0.0 | 0.0 | 246.86 | 0.0 | 0.0 | 4010.28 | 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) | 56.39 | 23.55 | 0.29 | 26.09 | 6.47 | -19.13 | 1238.89 | -22.0 | 56.49 | -26.56 | 1188.87 | -21.75 |
| 2022 (9) | 45.64 | 360.54 | 0.23 | 155.56 | 8.00 | -78.27 | 1588.26 | -60.9 | 76.92 | -63.11 | 1519.33 | -60.95 |
| 2021 (8) | 9.91 | -64.92 | 0.09 | -74.29 | 36.82 | 184.98 | 4062.37 | 288.95 | 208.53 | 244.45 | 3890.66 | 290.31 |
| 2020 (7) | 28.25 | 114.99 | 0.35 | 84.21 | 12.92 | -53.47 | 1044.44 | -46.92 | 60.54 | -53.24 | 996.82 | -46.58 |
| 2019 (6) | 13.14 | 14.16 | 0.19 | -40.62 | 27.77 | -12.4 | 1967.56 | 75.0 | 129.48 | 71.93 | 1865.85 | 72.65 |
| 2018 (5) | 11.51 | 123.5 | 0.32 | 52.38 | 31.70 | -55.24 | 1124.32 | -33.98 | 75.31 | -35.05 | 1080.71 | -34.81 |
| 2017 (4) | 5.15 | -10.43 | 0.21 | 5.0 | 70.83 | 11.51 | 1702.98 | -5.01 | 115.95 | -5.35 | 1657.85 | -4.38 |
| 2016 (3) | 5.75 | -40.84 | 0.20 | -42.86 | 63.52 | 69.12 | 1792.71 | 70.45 | 122.50 | 40.9 | 1733.73 | 72.96 |
| 2015 (2) | 9.72 | -57.7 | 0.35 | -32.69 | 37.56 | 136.52 | 1051.78 | 51.05 | 86.94 | 0.95 | 1002.41 | 60.11 |
| 2014 (1) | 22.98 | -24.8 | 0.52 | -41.57 | 15.88 | 33.0 | 696.31 | 69.97 | 86.12 | 28.21 | 626.07 | 76.64 |
