- 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) | 1.70 | 3.66 | 18.06 | 1.27 | -13.01 | -13.01 | 53.59 | -3.39 | -15.33 | 71.92 | 15.78 | 15.76 | 83.01 | 4.05 | 43.91 | 42.50 | 12.37 | -37.26 |
| 23Q3 (19) | 1.64 | 1.23 | 36.67 | 1.46 | -9.88 | 18.7 | 55.47 | -1.18 | -26.56 | 62.12 | 10.3 | -16.04 | 79.78 | 26.66 | 27.65 | 37.82 | -23.53 | -56.54 |
| 23Q2 (18) | 1.62 | 35.0 | 16.55 | 1.62 | 26.56 | 47.27 | 56.13 | -25.82 | -13.99 | 56.32 | -20.49 | -31.87 | 62.99 | -11.32 | 11.57 | 49.46 | -34.46 | -45.92 |
| 23Q1 (17) | 1.20 | -16.67 | 31.87 | 1.28 | -12.33 | 77.78 | 75.67 | 19.56 | -24.03 | 70.83 | 14.0 | -43.63 | 71.03 | 23.14 | -20.19 | 75.47 | 11.41 | -44.61 |
| 22Q4 (16) | 1.44 | 20.0 | 9.09 | 1.46 | 18.7 | 22.69 | 63.29 | -16.21 | -7.94 | 62.13 | -16.03 | -18.86 | 57.68 | -7.71 | -19.64 | 67.74 | -22.16 | -7.89 |
| 22Q3 (15) | 1.20 | -13.67 | -22.08 | 1.23 | 11.82 | -10.87 | 75.53 | 15.74 | 28.1 | 73.99 | -10.49 | 11.89 | 62.50 | 10.7 | -15.93 | 87.03 | -4.83 | 71.49 |
| 22Q2 (14) | 1.39 | 52.75 | -24.04 | 1.10 | 52.78 | -34.91 | 65.26 | -34.48 | 31.15 | 82.66 | -34.22 | 53.3 | 56.46 | -36.56 | -4.74 | 91.45 | -32.89 | 105.92 |
| 22Q1 (13) | 0.91 | -31.06 | -35.92 | 0.72 | -39.5 | -36.84 | 99.60 | 44.87 | 55.77 | 125.66 | 64.11 | 57.51 | 89.00 | 23.99 | 6.74 | 136.26 | 85.29 | 125.82 |
| 21Q4 (12) | 1.32 | -14.29 | -29.41 | 1.19 | -13.77 | -29.17 | 68.75 | 16.6 | 41.2 | 76.57 | 15.79 | 41.38 | 71.78 | -3.44 | -8.23 | 73.54 | 44.91 | 198.58 |
| 21Q3 (11) | 1.54 | -15.85 | -36.1 | 1.38 | -18.34 | -41.53 | 58.96 | 18.49 | 56.35 | 66.13 | 22.64 | 71.77 | 74.34 | 25.43 | 24.04 | 50.75 | 14.28 | 211.54 |
| 21Q2 (10) | 1.83 | 28.87 | -14.49 | 1.69 | 48.25 | -2.87 | 49.76 | -22.18 | 17.25 | 53.92 | -32.41 | 3.26 | 59.27 | -28.92 | -3.91 | 44.41 | -26.4 | 34.66 |
| 21Q1 (9) | 1.42 | -24.06 | -11.8 | 1.14 | -32.14 | -1.72 | 63.94 | 31.32 | 13.41 | 79.78 | 47.3 | 1.53 | 83.38 | 6.6 | -1.7 | 60.34 | 144.99 | 20.34 |
| 20Q4 (8) | 1.87 | -22.41 | -10.95 | 1.68 | -28.81 | -4.55 | 48.69 | 29.12 | 12.19 | 54.16 | 40.68 | 5.02 | 78.22 | 30.52 | 21.38 | 24.63 | 51.2 | -19.33 |
| 20Q3 (7) | 2.41 | 12.62 | 26.84 | 2.36 | 35.63 | 32.58 | 37.71 | -11.15 | -21.09 | 38.50 | -26.27 | -24.49 | 59.93 | -2.84 | -2.36 | 16.29 | -50.61 | -56.43 |
| 20Q2 (6) | 2.14 | 32.92 | -0.93 | 1.74 | 50.0 | -1.69 | 42.44 | -24.73 | 0.71 | 52.22 | -33.55 | 1.69 | 61.68 | -27.28 | 20.68 | 32.98 | -34.22 | -22.18 |
| 20Q1 (5) | 1.61 | -23.33 | -12.02 | 1.16 | -34.09 | -18.31 | 56.38 | 29.91 | 13.35 | 78.58 | 52.38 | 22.32 | 84.82 | 31.63 | 69.03 | 50.14 | 64.23 | -21.41 |
| 19Q4 (4) | 2.10 | 10.53 | 0.0 | 1.76 | -1.12 | 0.0 | 43.40 | -9.19 | 0.0 | 51.57 | 1.14 | 0.0 | 64.44 | 4.99 | 0.0 | 30.53 | -18.35 | 0.0 |
| 19Q3 (3) | 1.90 | -12.04 | 0.0 | 1.78 | 0.56 | 0.0 | 47.79 | 13.41 | 0.0 | 50.99 | -0.7 | 0.0 | 61.38 | 20.09 | 0.0 | 37.39 | -11.77 | 0.0 |
| 19Q2 (2) | 2.16 | 18.03 | 0.0 | 1.77 | 24.65 | 0.0 | 42.14 | -15.28 | 0.0 | 51.35 | -20.07 | 0.0 | 51.11 | 1.85 | 0.0 | 42.38 | -33.57 | 0.0 |
| 19Q1 (1) | 1.83 | 0.0 | 0.0 | 1.42 | 0.0 | 0.0 | 49.74 | 0.0 | 0.0 | 64.24 | 0.0 | 0.0 | 50.18 | 0.0 | 0.0 | 63.80 | 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) | 5.75 | 18.8 | 5.31 | 4.94 | 63.52 | -15.79 | 68.75 | -4.71 | 68.24 | 2.85 | 64.04 | -21.15 |
| 2022 (9) | 4.84 | -22.81 | 5.06 | -6.3 | 75.43 | 29.67 | 72.15 | 6.73 | 66.35 | -2.44 | 81.22 | 40.59 |
| 2021 (8) | 6.27 | -37.8 | 5.40 | -27.32 | 58.17 | 60.65 | 67.60 | 37.62 | 68.01 | 14.17 | 57.77 | 124.26 |
| 2020 (7) | 10.08 | 35.67 | 7.43 | 29.9 | 36.21 | -26.25 | 49.12 | -23.07 | 59.57 | 7.01 | 25.76 | -55.02 |
| 2019 (6) | 7.43 | 0.95 | 5.72 | -2.05 | 49.10 | -0.99 | 63.85 | 2.13 | 55.67 | 11.63 | 57.27 | -7.99 |
| 2018 (5) | 7.36 | 44.03 | 5.84 | 6.18 | 49.59 | -30.59 | 62.52 | -5.79 | 49.87 | -25.71 | 62.24 | -11.94 |
| 2017 (4) | 5.11 | 2.2 | 5.50 | -11.72 | 71.45 | -2.1 | 66.36 | 13.2 | 67.13 | 7.86 | 70.68 | 1.89 |
| 2016 (3) | 5.00 | -5.3 | 6.23 | -6.88 | 72.98 | 5.62 | 58.62 | 7.46 | 62.24 | 16.66 | 69.37 | -1.32 |
| 2015 (2) | 5.28 | 0.38 | 6.69 | 4.53 | 69.10 | -0.48 | 54.55 | -4.42 | 53.35 | -3.86 | 70.30 | -1.0 |
| 2014 (1) | 5.26 | -13.77 | 6.40 | -4.33 | 69.43 | 16.08 | 57.07 | 4.6 | 55.49 | -6.91 | 71.01 | 29.67 |
