- 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) | 0.75 | -7.41 | 1.35 | 1.15 | -7.26 | -5.74 | 121.02 | 7.41 | -1.14 | 79.40 | 8.12 | 6.59 | 107.32 | 12.62 | 10.03 | 93.10 | 2.52 | -6.3 |
| 23Q3 (19) | 0.81 | 39.66 | 14.08 | 1.24 | 21.57 | 16.98 | 112.67 | -28.5 | -11.67 | 73.44 | -17.59 | -14.68 | 95.29 | -22.74 | -11.92 | 90.81 | -26.38 | -13.88 |
| 23Q2 (18) | 0.58 | -17.14 | -15.94 | 1.02 | -18.4 | 2.0 | 157.57 | 22.01 | 18.67 | 89.11 | 22.17 | -2.07 | 123.33 | 17.38 | -6.02 | 123.35 | 27.15 | 33.31 |
| 23Q1 (17) | 0.70 | -5.41 | -9.09 | 1.25 | 2.46 | -2.34 | 129.15 | 5.51 | 9.84 | 72.94 | -2.08 | 2.47 | 105.07 | 7.72 | -13.14 | 97.01 | -2.37 | 43.12 |
| 22Q4 (16) | 0.74 | 4.23 | -17.78 | 1.22 | 15.09 | -20.26 | 122.41 | -4.03 | 20.64 | 74.49 | -13.46 | 25.64 | 97.54 | -9.84 | -4.91 | 99.36 | -5.77 | 70.78 |
| 22Q3 (15) | 0.71 | 2.9 | -16.47 | 1.06 | 6.0 | -31.17 | 127.55 | -3.94 | 19.43 | 86.08 | -5.4 | 45.43 | 108.19 | -17.56 | 11.26 | 105.44 | 13.95 | 53.37 |
| 22Q2 (14) | 0.69 | -10.39 | 7.81 | 1.00 | -21.88 | -27.01 | 132.78 | 12.93 | -6.17 | 90.99 | 27.83 | 36.54 | 131.23 | 8.48 | 9.53 | 92.53 | 36.52 | 4.74 |
| 22Q1 (13) | 0.77 | -14.44 | 8.45 | 1.28 | -16.34 | -24.71 | 117.58 | 15.88 | -8.76 | 71.18 | 20.05 | 32.63 | 120.97 | 17.93 | 7.41 | 67.78 | 16.5 | -3.06 |
| 21Q4 (12) | 0.90 | 5.88 | 12.5 | 1.53 | -0.65 | -19.05 | 101.47 | -4.99 | -10.76 | 59.29 | 0.17 | 22.83 | 102.58 | 5.49 | -0.17 | 58.18 | -15.37 | -1.77 |
| 21Q3 (11) | 0.85 | 32.81 | 0.0 | 1.54 | 12.41 | -11.49 | 106.80 | -24.53 | -0.48 | 59.19 | -11.18 | 13.35 | 97.24 | -18.84 | -2.98 | 68.75 | -22.18 | 15.94 |
| 21Q2 (10) | 0.64 | -9.86 | -28.09 | 1.37 | -19.41 | -23.03 | 141.51 | 9.81 | 39.12 | 66.64 | 24.17 | 30.28 | 119.81 | 6.38 | 31.24 | 88.34 | 26.34 | 43.46 |
| 21Q1 (9) | 0.71 | -11.25 | 5.97 | 1.70 | -10.05 | 8.28 | 128.87 | 13.33 | -5.24 | 53.67 | 11.19 | -7.27 | 112.62 | 9.61 | 3.14 | 69.92 | 18.05 | -17.42 |
| 20Q4 (8) | 0.80 | -5.88 | -1.23 | 1.89 | 8.62 | 2.72 | 113.71 | 5.96 | 1.21 | 48.27 | -7.56 | -2.15 | 102.75 | 2.51 | 8.52 | 59.23 | -0.12 | -11.6 |
| 20Q3 (7) | 0.85 | -4.49 | -9.57 | 1.74 | -2.25 | -6.95 | 107.31 | 5.5 | 11.24 | 52.22 | 2.09 | 7.14 | 100.23 | 9.79 | 19.38 | 59.30 | -3.7 | -3.18 |
| 20Q2 (6) | 0.89 | 32.84 | 4.71 | 1.78 | 13.38 | 18.67 | 101.72 | -25.2 | -5.09 | 51.15 | -11.63 | -15.54 | 91.29 | -16.39 | -7.34 | 61.58 | -27.27 | -11.04 |
| 20Q1 (5) | 0.67 | -17.28 | -30.21 | 1.57 | -14.67 | -1.88 | 135.99 | 21.04 | 43.75 | 57.88 | 17.33 | 1.65 | 109.19 | 15.33 | 12.89 | 84.67 | 26.37 | 54.48 |
| 19Q4 (4) | 0.81 | -13.83 | 0.0 | 1.84 | -1.6 | 0.0 | 112.35 | 16.46 | 0.0 | 49.33 | 1.21 | 0.0 | 94.68 | 12.77 | 0.0 | 67.00 | 9.39 | 0.0 |
| 19Q3 (3) | 0.94 | 10.59 | 0.0 | 1.87 | 24.67 | 0.0 | 96.47 | -9.99 | 0.0 | 48.74 | -19.52 | 0.0 | 83.96 | -14.78 | 0.0 | 61.25 | -11.51 | 0.0 |
| 19Q2 (2) | 0.85 | -11.46 | 0.0 | 1.50 | -6.25 | 0.0 | 107.18 | 13.3 | 0.0 | 60.56 | 6.36 | 0.0 | 98.52 | 1.86 | 0.0 | 69.22 | 26.29 | 0.0 |
| 19Q1 (1) | 0.96 | 0.0 | 0.0 | 1.60 | 0.0 | 0.0 | 94.60 | 0.0 | 0.0 | 56.94 | 0.0 | 0.0 | 96.72 | 0.0 | 0.0 | 54.81 | 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) | 2.85 | -5.0 | 4.43 | -13.14 | 127.90 | 5.15 | 82.32 | 15.1 | 112.89 | -0.74 | 97.33 | 22.57 |
| 2022 (9) | 3.00 | -1.32 | 5.10 | -15.14 | 121.63 | 1.15 | 71.52 | 17.75 | 113.73 | -4.28 | 79.41 | 27.69 |
| 2021 (8) | 3.04 | 2.01 | 6.01 | -11.75 | 120.25 | -1.8 | 60.74 | 13.28 | 118.81 | 5.22 | 62.19 | -1.52 |
| 2020 (7) | 2.98 | -12.87 | 6.81 | 5.09 | 122.45 | 14.69 | 53.62 | -4.78 | 112.92 | 7.95 | 63.15 | 7.99 |
| 2019 (6) | 3.42 | 7.21 | 6.48 | 5.71 | 106.77 | -6.63 | 56.31 | -5.39 | 104.60 | -10.11 | 58.48 | 1.7 |
| 2018 (5) | 3.19 | 1.27 | 6.13 | -20.6 | 114.35 | -1.29 | 59.52 | 25.91 | 116.36 | -0.73 | 57.50 | 25.22 |
| 2017 (4) | 3.15 | -17.54 | 7.72 | -19.25 | 115.85 | 21.18 | 47.27 | 23.78 | 117.21 | 6.38 | 45.92 | 94.49 |
| 2016 (3) | 3.82 | 1.06 | 9.56 | 13.27 | 95.60 | -0.98 | 38.19 | -11.72 | 110.18 | -11.87 | 23.61 | 59.74 |
| 2015 (2) | 3.78 | -9.13 | 8.44 | 6.84 | 96.55 | 10.13 | 43.26 | -6.34 | 125.02 | 11.66 | 14.78 | -32.51 |
| 2014 (1) | 4.16 | -18.59 | 7.90 | -1.0 | 87.67 | 22.79 | 46.19 | 1.01 | 111.96 | 20.97 | 21.90 | -10.9 |
