- 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) | 1.01 | 38.36 | 62.9 | 1.33 | 0.0 | 47.78 | 90.14 | -27.55 | -38.74 | 68.28 | 0.04 | -32.17 | 100.79 | -15.19 | -18.5 | 57.63 | -21.95 | -53.58 |
| 23Q3 (19) | 0.73 | -54.66 | -34.82 | 1.33 | -30.0 | -20.36 | 124.42 | 119.55 | 52.59 | 68.25 | 42.87 | 25.62 | 118.84 | 117.34 | 61.4 | 73.84 | 48.39 | 18.62 |
| 23Q2 (18) | 1.61 | 71.28 | 75.0 | 1.90 | 160.27 | 61.02 | 56.67 | -41.77 | -42.52 | 47.77 | -61.73 | -37.91 | 54.68 | -49.83 | -44.81 | 49.76 | -56.02 | -34.92 |
| 23Q1 (17) | 0.94 | 51.61 | -8.74 | 0.73 | -18.89 | -49.66 | 97.32 | -33.86 | 9.98 | 124.81 | 23.99 | 99.09 | 108.99 | -11.87 | 34.44 | 113.13 | -8.87 | 61.36 |
| 22Q4 (16) | 0.62 | -44.64 | -41.51 | 0.90 | -46.11 | -42.31 | 147.14 | 80.45 | 70.76 | 100.66 | 85.28 | 72.69 | 123.67 | 67.96 | 78.97 | 124.14 | 99.42 | 64.73 |
| 22Q3 (15) | 1.12 | 21.74 | -23.29 | 1.67 | 41.53 | -5.11 | 81.54 | -17.29 | 31.18 | 54.33 | -29.39 | 5.07 | 73.63 | -25.68 | 31.86 | 62.25 | -18.58 | 7.27 |
| 22Q2 (14) | 0.92 | -10.68 | -30.83 | 1.18 | -18.62 | -18.06 | 98.59 | 11.41 | 43.65 | 76.94 | 22.73 | 21.7 | 99.07 | 22.2 | 33.41 | 76.46 | 9.06 | 32.77 |
| 22Q1 (13) | 1.03 | -2.83 | -13.45 | 1.45 | -7.05 | -7.05 | 88.49 | 2.69 | 16.17 | 62.69 | 7.55 | 7.75 | 81.07 | 17.32 | -13.02 | 70.11 | -6.97 | 70.38 |
| 21Q4 (12) | 1.06 | -27.4 | -0.93 | 1.56 | -11.36 | -14.75 | 86.17 | 38.63 | 1.5 | 58.29 | 12.72 | 16.91 | 69.10 | 23.75 | -33.72 | 75.36 | 29.86 | 147.0 |
| 21Q3 (11) | 1.46 | 9.77 | -19.34 | 1.76 | 22.22 | -44.65 | 62.16 | -9.43 | 23.41 | 51.71 | -18.21 | 80.49 | 55.84 | -24.8 | -6.43 | 58.03 | 0.76 | 199.9 |
| 21Q2 (10) | 1.33 | 11.76 | -42.17 | 1.44 | -7.69 | -55.0 | 68.63 | -9.9 | -13.16 | 63.22 | 8.66 | 11.24 | 74.26 | -20.32 | -20.91 | 57.59 | 39.95 | 37.22 |
| 21Q1 (9) | 1.19 | 11.21 | 0 | 1.56 | -14.75 | 0 | 76.17 | -10.28 | 0 | 58.18 | 16.69 | 0 | 93.20 | -10.6 | 0 | 41.15 | 34.87 | 0 |
| 20Q4 (8) | 1.07 | -40.88 | 0 | 1.83 | -42.45 | 0 | 84.90 | 68.55 | 0 | 49.86 | 74.03 | 0 | 104.25 | 74.68 | 0 | 30.51 | 57.67 | 0 |
| 20Q3 (7) | 1.81 | -21.3 | 0 | 3.18 | -0.63 | 0 | 50.37 | -36.26 | 0 | 28.65 | -49.59 | 0 | 59.68 | -36.44 | 0 | 19.35 | -53.9 | 0 |
| 20Q2 (6) | 2.30 | 0 | 0 | 3.20 | 0 | 0 | 79.03 | 0 | 0 | 56.83 | 0 | 0 | 93.89 | 0 | 0 | 41.97 | 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) | 4.19 | 13.55 | 5.03 | 5.01 | 87.03 | -12.07 | 72.61 | -4.79 | 82.14 | -3.95 | 77.50 | -13.62 |
| 2022 (9) | 3.69 | -30.77 | 4.79 | -40.79 | 98.98 | 44.52 | 76.26 | 69.05 | 85.52 | 16.81 | 89.72 | 122.13 |
| 2021 (8) | 5.33 | 10.58 | 8.09 | 12.05 | 68.49 | -9.49 | 45.11 | -10.81 | 73.21 | -20.69 | 40.39 | 19.0 |
| 2020 (7) | 4.82 | 21.72 | 7.22 | -9.52 | 75.67 | -17.85 | 50.58 | 10.51 | 92.31 | -13.51 | 33.94 | 8.96 |
| 2019 (6) | 3.96 | -7.04 | 7.98 | -14.93 | 92.11 | 7.62 | 45.77 | 17.6 | 106.73 | 12.22 | 31.15 | 5.95 |
| 2018 (5) | 4.26 | 31.08 | 9.38 | -3.5 | 85.59 | -23.72 | 38.92 | 3.65 | 95.11 | -7.01 | 29.40 | -38.08 |
| 2017 (4) | 3.25 | 1.88 | 9.72 | -14.81 | 112.21 | -1.9 | 37.55 | 17.34 | 102.28 | 13.33 | 47.48 | -15.41 |
| 2016 (3) | 3.19 | -0.62 | 11.41 | 30.85 | 114.38 | 0.56 | 32.00 | -23.55 | 90.25 | -0.9 | 56.13 | -13.03 |
| 2015 (2) | 3.21 | -31.41 | 8.72 | -17.5 | 113.74 | 45.95 | 41.86 | 21.26 | 91.07 | 43.94 | 64.54 | 31.23 |
| 2014 (1) | 4.68 | 0 | 10.57 | 0 | 77.93 | 0 | 34.52 | 0 | 63.27 | 0 | 49.18 | 0 |
