- 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) | 15.63 | 290.75 | 145.75 | 0.17 | 466.67 | 142.86 | 5.82 | -74.38 | -59.36 | 531.40 | -83.34 | -59.85 | 54.70 | -81.83 | -62.86 | 482.53 | -83.43 | -59.47 |
| 23Q3 (19) | 4.00 | -56.14 | -71.99 | 0.03 | -50.0 | -78.57 | 22.72 | 127.66 | 256.67 | 3189.66 | 101.97 | 374.53 | 301.02 | 101.11 | 376.22 | 2911.36 | 102.24 | 373.14 |
| 23Q2 (18) | 9.12 | 181.48 | -46.67 | 0.06 | 100.0 | -45.45 | 9.98 | -64.46 | 87.59 | 1579.26 | -45.83 | 93.65 | 149.68 | -53.68 | 131.34 | 1439.56 | -45.06 | 90.38 |
| 23Q1 (17) | 3.24 | -49.06 | -15.4 | 0.03 | -57.14 | 0.0 | 28.08 | 96.09 | 18.18 | 2915.11 | 120.24 | 7.75 | 323.16 | 119.4 | 55.66 | 2620.03 | 120.05 | 3.9 |
| 22Q4 (16) | 6.36 | -55.46 | -63.9 | 0.07 | -50.0 | -58.82 | 14.32 | 124.8 | 177.52 | 1323.61 | 96.92 | 145.48 | 147.29 | 133.02 | 238.13 | 1190.64 | 93.5 | 137.75 |
| 22Q3 (15) | 14.28 | -16.49 | 79.85 | 0.14 | 27.27 | 133.33 | 6.37 | 19.74 | -44.46 | 672.17 | -17.58 | -53.67 | 63.21 | -2.3 | -45.79 | 615.33 | -18.62 | -54.28 |
| 22Q2 (14) | 17.10 | 346.48 | 123.24 | 0.11 | 266.67 | -8.33 | 5.32 | -77.61 | -55.22 | 815.53 | -69.86 | 11.11 | 64.70 | -68.83 | 4.44 | 756.15 | -70.01 | 10.56 |
| 22Q1 (13) | 3.83 | -78.26 | 25.16 | 0.03 | -82.35 | -50.0 | 23.76 | 360.47 | -20.11 | 2705.44 | 401.76 | 71.18 | 207.60 | 376.58 | 43.8 | 2521.59 | 403.51 | 72.02 |
| 21Q4 (12) | 17.62 | 121.91 | 89.26 | 0.17 | 183.33 | 41.67 | 5.16 | -55.01 | -47.24 | 539.19 | -62.84 | -28.06 | 43.56 | -62.64 | -41.21 | 500.80 | -62.79 | -26.91 |
| 21Q3 (11) | 7.94 | 3.66 | -9.67 | 0.06 | -50.0 | -57.14 | 11.47 | -3.45 | 10.71 | 1450.95 | 97.69 | 130.39 | 116.61 | 88.23 | 87.93 | 1345.82 | 96.79 | 132.81 |
| 21Q2 (10) | 7.66 | 150.33 | 107.59 | 0.12 | 100.0 | 71.43 | 11.88 | -60.05 | -51.88 | 733.97 | -53.56 | -45.55 | 61.95 | -57.09 | -51.27 | 683.90 | -53.34 | -45.1 |
| 21Q1 (9) | 3.06 | -67.13 | 20.95 | 0.06 | -50.0 | 50.0 | 29.74 | 204.09 | -17.27 | 1580.47 | 110.88 | -24.62 | 144.37 | 94.86 | -27.64 | 1465.85 | 113.94 | -24.17 |
| 20Q4 (8) | 9.31 | 5.92 | 3.22 | 0.12 | -14.29 | -40.0 | 9.78 | -5.6 | -3.07 | 749.47 | 19.01 | 64.34 | 74.09 | 19.4 | 75.65 | 685.16 | 18.52 | 61.61 |
| 20Q3 (7) | 8.79 | 138.21 | 210.6 | 0.14 | 100.0 | 133.33 | 10.36 | -58.04 | -67.82 | 629.78 | -53.28 | -59.49 | 62.05 | -51.19 | -72.54 | 578.08 | -53.59 | -57.52 |
| 20Q2 (6) | 3.69 | 45.85 | -32.91 | 0.07 | 75.0 | -61.11 | 24.69 | -31.32 | 49.27 | 1348.07 | -35.7 | 163.26 | 127.13 | -36.28 | 52.73 | 1245.63 | -35.56 | 179.68 |
| 20Q1 (5) | 2.53 | -71.95 | 1.2 | 0.04 | -80.0 | -55.56 | 35.95 | 256.29 | -1.07 | 2096.67 | 359.76 | 116.8 | 199.52 | 373.02 | 72.36 | 1933.10 | 355.97 | 117.77 |
| 19Q4 (4) | 9.02 | 218.73 | 0.0 | 0.20 | 233.33 | 0.0 | 10.09 | -68.65 | 0.0 | 456.04 | -70.67 | 0.0 | 42.18 | -81.33 | 0.0 | 423.95 | -68.85 | 0.0 |
| 19Q3 (3) | 2.83 | -48.55 | 0.0 | 0.06 | -66.67 | 0.0 | 32.19 | 94.62 | 0.0 | 1554.65 | 203.6 | 0.0 | 225.96 | 171.46 | 0.0 | 1360.87 | 205.56 | 0.0 |
| 19Q2 (2) | 5.50 | 120.0 | 0.0 | 0.18 | 100.0 | 0.0 | 16.54 | -54.49 | 0.0 | 512.07 | -47.05 | 0.0 | 83.24 | -28.09 | 0.0 | 445.37 | -49.83 | 0.0 |
| 19Q1 (1) | 2.50 | 0.0 | 0.0 | 0.09 | 0.0 | 0.0 | 36.34 | 0.0 | 0.0 | 967.10 | 0.0 | 0.0 | 115.76 | 0.0 | 0.0 | 887.67 | 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) | 27.73 | -19.15 | 0.30 | -14.29 | 13.16 | 23.68 | 1214.30 | 17.05 | 139.61 | 29.82 | 1087.84 | 15.67 |
| 2022 (9) | 34.30 | -6.74 | 0.35 | -18.6 | 10.64 | 7.26 | 1037.40 | 23.17 | 107.54 | 41.61 | 940.50 | 21.16 |
| 2021 (8) | 36.78 | 50.0 | 0.43 | 16.22 | 9.92 | -33.38 | 842.24 | -15.25 | 75.94 | -22.6 | 776.23 | -14.76 |
| 2020 (7) | 24.52 | 16.76 | 0.37 | -31.48 | 14.89 | -14.33 | 993.82 | 45.76 | 98.12 | 27.15 | 910.59 | 46.39 |
| 2019 (6) | 21.00 | 90.91 | 0.54 | 80.0 | 17.38 | -47.6 | 681.81 | -43.32 | 77.17 | -44.23 | 622.02 | -43.33 |
| 2018 (5) | 11.00 | 26.44 | 0.30 | 11.11 | 33.17 | -20.93 | 1202.88 | -10.3 | 138.36 | -0.69 | 1097.69 | -11.73 |
| 2017 (4) | 8.70 | 12.99 | 0.27 | 8.0 | 41.95 | -11.48 | 1340.94 | -8.31 | 139.32 | -13.29 | 1243.57 | -7.82 |
| 2016 (3) | 7.70 | 6.5 | 0.25 | -28.57 | 47.39 | -6.16 | 1462.40 | 40.99 | 160.67 | 10.03 | 1349.12 | 43.26 |
| 2015 (2) | 7.23 | -34.21 | 0.35 | -57.83 | 50.50 | 52.02 | 1037.25 | 135.49 | 146.02 | 76.61 | 941.74 | 140.85 |
| 2014 (1) | 10.99 | -30.22 | 0.83 | -29.06 | 33.22 | 43.38 | 440.46 | 40.93 | 82.68 | 26.52 | 391.00 | 44.63 |
