- 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) | 0.70 | -4.11 | -5.41 | 1.24 | -2.36 | 1.64 | 130.07 | 3.93 | 5.23 | 73.41 | 2.2 | -1.2 | 29.43 | -4.32 | 7.68 | 174.05 | 4.71 | 2.03 |
| 23Q3 (19) | 0.73 | -2.67 | 10.61 | 1.27 | 3.25 | 9.48 | 125.15 | 3.81 | -8.96 | 71.83 | -2.63 | -8.26 | 30.76 | -1.41 | -22.05 | 166.22 | 1.89 | -5.72 |
| 23Q2 (18) | 0.75 | 0.0 | -2.6 | 1.23 | 7.89 | -16.89 | 120.56 | -1.25 | 1.87 | 73.77 | -7.31 | 20.17 | 31.20 | 6.45 | -6.64 | 163.14 | -5.35 | 11.5 |
| 23Q1 (17) | 0.75 | 1.35 | 5.63 | 1.14 | -6.56 | -20.83 | 122.08 | -1.24 | -5.21 | 79.59 | 7.12 | 26.13 | 29.31 | 7.24 | 16.22 | 172.36 | 1.04 | 3.42 |
| 22Q4 (16) | 0.74 | 12.12 | -1.33 | 1.22 | 5.17 | -16.44 | 123.61 | -10.08 | 2.53 | 74.30 | -5.11 | 19.59 | 27.33 | -30.74 | -19.99 | 170.58 | -3.24 | 14.84 |
| 22Q3 (15) | 0.66 | -14.29 | -22.35 | 1.16 | -21.62 | -38.3 | 137.46 | 16.15 | 28.37 | 78.30 | 27.55 | 61.61 | 39.46 | 18.07 | 10.63 | 176.30 | 20.49 | 47.08 |
| 22Q2 (14) | 0.77 | 8.45 | -11.49 | 1.48 | 2.78 | -5.73 | 118.35 | -8.11 | 12.71 | 61.39 | -2.71 | 6.21 | 33.42 | 32.51 | -18.69 | 146.32 | -12.2 | 20.23 |
| 22Q1 (13) | 0.71 | -5.33 | -14.46 | 1.44 | -1.37 | 0.0 | 128.79 | 6.83 | 17.77 | 63.10 | 1.56 | 0.08 | 25.22 | -26.17 | -38.14 | 166.66 | 12.2 | 26.6 |
| 21Q4 (12) | 0.75 | -11.76 | -8.54 | 1.46 | -22.34 | -1.35 | 120.56 | 12.59 | 8.09 | 62.13 | 28.24 | 1.39 | 34.16 | -4.23 | -1.53 | 148.54 | 23.92 | 7.54 |
| 21Q3 (11) | 0.85 | -2.3 | -8.6 | 1.88 | 19.75 | 38.24 | 107.08 | 1.98 | 9.54 | 48.45 | -16.18 | -27.84 | 35.67 | -13.21 | -12.98 | 119.87 | -1.5 | -3.25 |
| 21Q2 (10) | 0.87 | 4.82 | -5.43 | 1.57 | 9.03 | 24.6 | 105.00 | -3.99 | 6.37 | 57.80 | -8.33 | -19.68 | 41.10 | 0.81 | -15.48 | 121.70 | -7.55 | -0.28 |
| 21Q1 (9) | 0.83 | 1.22 | 15.28 | 1.44 | -2.7 | 27.43 | 109.36 | -1.95 | -13.28 | 63.05 | 2.89 | -21.66 | 40.77 | 17.53 | -23.92 | 131.64 | -4.7 | -13.95 |
| 20Q4 (8) | 0.82 | -11.83 | 13.89 | 1.48 | 8.82 | -2.63 | 111.54 | 14.11 | -11.63 | 61.28 | -8.73 | 2.44 | 34.69 | -15.37 | -3.02 | 138.13 | 11.49 | -8.08 |
| 20Q3 (7) | 0.93 | 1.09 | 12.05 | 1.36 | 7.94 | 10.57 | 97.75 | -0.97 | -11.27 | 67.14 | -6.7 | -9.47 | 40.99 | -15.71 | 0.71 | 123.90 | 1.52 | -13.74 |
| 20Q2 (6) | 0.92 | 27.78 | 73.58 | 1.26 | 11.5 | 13.51 | 98.71 | -21.72 | -42.15 | 71.96 | -10.59 | -12.27 | 48.63 | -9.26 | 8.79 | 122.04 | -20.22 | -41.31 |
| 20Q1 (5) | 0.72 | 0.0 | 30.91 | 1.13 | -25.66 | -35.43 | 126.10 | -0.1 | -23.78 | 80.48 | 34.54 | 54.47 | 53.59 | 49.82 | 57.8 | 152.98 | 1.8 | -16.67 |
| 19Q4 (4) | 0.72 | -13.25 | 0.0 | 1.52 | 23.58 | 0.0 | 126.22 | 14.58 | 0.0 | 59.82 | -19.34 | 0.0 | 35.77 | -12.11 | 0.0 | 150.27 | 4.62 | 0.0 |
| 19Q3 (3) | 0.83 | 56.6 | 0.0 | 1.23 | 10.81 | 0.0 | 110.16 | -35.44 | 0.0 | 74.16 | -9.58 | 0.0 | 40.70 | -8.95 | 0.0 | 143.63 | -30.93 | 0.0 |
| 19Q2 (2) | 0.53 | -3.64 | 0.0 | 1.11 | -36.57 | 0.0 | 170.62 | 3.12 | 0.0 | 82.02 | 57.43 | 0.0 | 44.70 | 31.63 | 0.0 | 207.94 | 13.26 | 0.0 |
| 19Q1 (1) | 0.55 | 0.0 | 0.0 | 1.75 | 0.0 | 0.0 | 165.45 | 0.0 | 0.0 | 52.10 | 0.0 | 0.0 | 33.96 | 0.0 | 0.0 | 183.59 | 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) | 2.97 | 2.06 | 4.79 | -5.89 | 122.86 | -2.18 | 76.19 | 6.2 | 28.06 | 11.84 | 171.00 | -0.73 |
| 2022 (9) | 2.91 | -14.66 | 5.09 | -17.9 | 125.60 | 17.49 | 71.74 | 21.92 | 25.09 | -4.42 | 172.25 | 23.49 |
| 2021 (8) | 3.41 | 7.57 | 6.20 | 10.52 | 106.90 | -7.25 | 58.84 | -9.64 | 26.25 | -30.43 | 139.49 | -2.22 |
| 2020 (7) | 3.17 | 23.35 | 5.61 | -10.95 | 115.26 | -18.96 | 65.12 | 12.45 | 37.73 | 1.29 | 142.65 | -12.42 |
| 2019 (6) | 2.57 | -1.91 | 6.30 | -37.13 | 142.22 | 1.99 | 57.91 | 59.01 | 37.25 | -29.93 | 162.88 | 32.75 |
| 2018 (5) | 2.62 | -7.09 | 10.02 | -19.9 | 139.45 | 7.75 | 36.42 | 24.85 | 53.16 | -11.96 | 122.70 | 24.94 |
| 2017 (4) | 2.82 | 0.71 | 12.51 | -2.49 | 129.42 | -0.81 | 29.17 | 2.53 | 60.38 | 19.02 | 98.21 | -9.24 |
| 2016 (3) | 2.80 | -3.11 | 12.83 | -6.35 | 130.48 | 3.2 | 28.45 | 6.79 | 50.73 | 25.26 | 108.21 | -3.86 |
| 2015 (2) | 2.89 | 0.7 | 13.70 | 25.11 | 126.43 | -0.75 | 26.64 | -20.1 | 40.50 | 26.64 | 112.56 | -12.57 |
| 2014 (1) | 2.87 | 30.45 | 10.95 | 20.2 | 127.39 | -23.09 | 33.34 | -16.77 | 31.98 | -52.93 | 128.75 | -6.54 |
