- 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) | 1.46 | -3.95 | -20.22 | 0.95 | -13.64 | 106.52 | 62.15 | 3.88 | 25.2 | 95.74 | 16.09 | -52.08 | 46.26 | 19.23 | 86.68 | 111.63 | 7.87 | -50.31 |
| 23Q3 (19) | 1.52 | -0.65 | 55.1 | 1.10 | 26.44 | 279.31 | 59.83 | 0.83 | -35.53 | 82.47 | -20.98 | -74.17 | 38.80 | 64.97 | -38.51 | 103.49 | -26.17 | -70.34 |
| 23Q2 (18) | 1.53 | 7.75 | 5.52 | 0.87 | 58.18 | 40.32 | 59.34 | -7.51 | -5.46 | 104.36 | -37.13 | -29.29 | 23.52 | -11.88 | -57.45 | 140.18 | -31.1 | -9.61 |
| 23Q1 (17) | 1.42 | -22.4 | -5.96 | 0.55 | 19.57 | -31.25 | 64.16 | 29.25 | 6.7 | 165.99 | -16.92 | 45.94 | 26.69 | 7.71 | -59.65 | 203.46 | -9.43 | 88.88 |
| 22Q4 (16) | 1.83 | 86.73 | 27.08 | 0.46 | 58.62 | -47.73 | 49.64 | -46.51 | -21.39 | 199.79 | -37.42 | 93.58 | 24.78 | -60.73 | -62.03 | 224.64 | -35.63 | 122.22 |
| 22Q3 (15) | 0.98 | -32.41 | -33.33 | 0.29 | -53.23 | -72.64 | 92.80 | 47.84 | 50.16 | 319.27 | 116.32 | 271.68 | 63.10 | 14.17 | 23.31 | 348.97 | 125.01 | 261.51 |
| 22Q2 (14) | 1.45 | -3.97 | -17.14 | 0.62 | -22.5 | -55.4 | 62.77 | 4.39 | 20.6 | 147.59 | 29.76 | 124.98 | 55.27 | -16.45 | 23.76 | 155.09 | 43.98 | 112.48 |
| 22Q1 (13) | 1.51 | 4.86 | -6.79 | 0.80 | -9.09 | -39.85 | 60.13 | -4.78 | 7.38 | 113.74 | 10.2 | 66.14 | 66.15 | 1.36 | 63.78 | 107.72 | 6.56 | 28.13 |
| 21Q4 (12) | 1.44 | -2.04 | -22.16 | 0.88 | -16.98 | -26.67 | 63.15 | 2.18 | 28.17 | 103.21 | 20.15 | 36.52 | 65.26 | 27.54 | 61.73 | 101.09 | 4.72 | 19.59 |
| 21Q3 (11) | 1.47 | -16.0 | -30.99 | 1.06 | -23.74 | -14.52 | 61.80 | 18.73 | 44.83 | 85.90 | 30.95 | 17.46 | 51.17 | 14.58 | -8.64 | 96.53 | 32.25 | 61.45 |
| 21Q2 (10) | 1.75 | 8.02 | -17.84 | 1.39 | 4.51 | 23.01 | 52.05 | -7.05 | 21.98 | 65.60 | -4.18 | -18.47 | 44.66 | 10.57 | -30.45 | 72.99 | -13.18 | 23.88 |
| 21Q1 (9) | 1.62 | -12.43 | 0 | 1.33 | 10.83 | 0 | 56.00 | 13.66 | 0 | 68.46 | -9.44 | 0 | 40.39 | 0.1 | 0 | 84.07 | -0.54 | 0 |
| 20Q4 (8) | 1.85 | -13.15 | 0 | 1.20 | -3.23 | 0 | 49.27 | 15.47 | 0 | 75.60 | 3.38 | 0 | 40.35 | -27.96 | 0 | 84.53 | 41.38 | 0 |
| 20Q3 (7) | 2.13 | 0.0 | 0 | 1.24 | 9.73 | 0 | 42.67 | 0.0 | 0 | 73.13 | -9.11 | 0 | 56.01 | -12.77 | 0 | 59.79 | 1.48 | 0 |
| 20Q2 (6) | 2.13 | 0 | 0 | 1.13 | 0 | 0 | 42.67 | 0 | 0 | 80.46 | 0 | 0 | 64.21 | 0 | 0 | 58.92 | 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) | 6.30 | 22.33 | 2.68 | 17.54 | 57.91 | -18.34 | 136.10 | -14.89 | 34.59 | -48.08 | 159.42 | -2.92 |
| 2022 (9) | 5.15 | -20.77 | 2.28 | -49.11 | 70.92 | 26.19 | 159.92 | 96.17 | 66.62 | 22.19 | 164.22 | 97.38 |
| 2021 (8) | 6.50 | -9.97 | 4.48 | -22.63 | 56.20 | 11.11 | 81.52 | 29.36 | 54.52 | 61.64 | 83.20 | 4.17 |
| 2020 (7) | 7.22 | 20.94 | 5.79 | 31.59 | 50.58 | -17.22 | 63.02 | -24.04 | 33.73 | -30.15 | 79.87 | -16.61 |
| 2019 (6) | 5.97 | 7.57 | 4.40 | -6.18 | 61.10 | -7.16 | 82.97 | 6.58 | 48.29 | -12.91 | 95.78 | 8.58 |
| 2018 (5) | 5.55 | 23.88 | 4.69 | 2.85 | 65.81 | -19.18 | 77.85 | -2.82 | 55.45 | -31.32 | 88.21 | 9.17 |
| 2017 (4) | 4.48 | -6.08 | 4.56 | 34.51 | 81.43 | 6.43 | 80.11 | -25.62 | 80.74 | 4.98 | 80.80 | -24.7 |
| 2016 (3) | 4.77 | -5.17 | 3.39 | 7.62 | 76.51 | 5.34 | 107.71 | -7.11 | 76.91 | 71.75 | 107.30 | -25.39 |
| 2015 (2) | 5.03 | -7.2 | 3.15 | -39.42 | 72.63 | 7.95 | 115.96 | 65.07 | 44.78 | 1.82 | 143.82 | 53.72 |
| 2014 (1) | 5.42 | 0 | 5.20 | 0 | 67.28 | 0 | 70.25 | 0 | 43.98 | 0 | 93.56 | 0 |
