- 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) | 28.96 | 147.1 | 69.46 | 0.10 | 100.0 | 25.0 | 3.14 | -59.59 | -40.98 | 915.42 | -46.72 | -15.69 | 76.29 | -46.25 | -22.15 | 842.28 | -46.83 | -15.19 |
| 23Q3 (19) | 11.72 | 398.72 | -10.6 | 0.05 | 400.0 | -16.67 | 7.77 | -79.94 | 11.96 | 1718.28 | -77.68 | 22.32 | 141.94 | -79.05 | 7.14 | 1584.11 | -77.56 | 23.84 |
| 23Q2 (18) | 2.35 | -81.88 | -70.73 | 0.01 | -83.33 | -80.0 | 38.74 | 452.64 | 241.92 | 7698.05 | 432.79 | 306.53 | 677.62 | 410.03 | 276.16 | 7059.18 | 435.19 | 309.28 |
| 23Q1 (17) | 12.97 | -24.11 | 37.54 | 0.06 | -25.0 | -14.29 | 7.01 | 31.77 | -27.36 | 1444.85 | 33.07 | 11.3 | 132.86 | 35.59 | 7.67 | 1319.01 | 32.82 | 11.36 |
| 22Q4 (16) | 17.09 | 30.36 | -12.27 | 0.08 | 33.33 | -46.67 | 5.32 | -23.34 | 13.92 | 1085.77 | -22.7 | 83.68 | 97.99 | -26.03 | 35.03 | 993.10 | -22.36 | 89.8 |
| 22Q3 (15) | 13.11 | 63.26 | 6.59 | 0.06 | 20.0 | -33.33 | 6.94 | -38.75 | -6.22 | 1404.69 | -25.82 | 43.47 | 132.48 | -26.46 | 3.34 | 1279.15 | -25.84 | 49.03 |
| 22Q2 (14) | 8.03 | -14.85 | 19.85 | 0.05 | -28.57 | 0.0 | 11.33 | 17.41 | -16.57 | 1893.60 | 45.86 | 6.74 | 180.14 | 45.98 | -18.01 | 1724.79 | 45.62 | 10.0 |
| 22Q1 (13) | 9.43 | -51.59 | 90.51 | 0.07 | -53.33 | 75.0 | 9.65 | 106.64 | -47.55 | 1298.20 | 119.61 | -41.88 | 123.40 | 70.04 | -52.87 | 1184.45 | 126.37 | -40.49 |
| 21Q4 (12) | 19.48 | 58.37 | 70.88 | 0.15 | 66.67 | 36.36 | 4.67 | -36.89 | -41.48 | 591.13 | -39.62 | -29.48 | 72.57 | -43.39 | -14.61 | 523.24 | -39.04 | -31.27 |
| 21Q3 (11) | 12.30 | 83.58 | 110.98 | 0.09 | 80.0 | 12.5 | 7.40 | -45.51 | -52.56 | 979.09 | -44.81 | -18.85 | 128.20 | -41.65 | 4.89 | 858.29 | -45.26 | -21.97 |
| 21Q2 (10) | 6.70 | 35.35 | 84.57 | 0.05 | 25.0 | -16.67 | 13.58 | -26.2 | -45.9 | 1774.08 | -20.58 | 8.48 | 219.72 | -16.08 | 24.21 | 1567.94 | -21.22 | 5.68 |
| 21Q1 (9) | 4.95 | -56.58 | 2.06 | 0.04 | -63.64 | -50.0 | 18.40 | 130.58 | -1.92 | 2233.74 | 166.46 | 107.19 | 261.81 | 208.05 | 120.47 | 1990.32 | 161.44 | 103.48 |
| 20Q4 (8) | 11.40 | 95.54 | 103.21 | 0.11 | 37.5 | 57.14 | 7.98 | -48.85 | -50.83 | 838.29 | -30.52 | -35.53 | 84.99 | -30.46 | -38.25 | 761.28 | -30.79 | -35.42 |
| 20Q3 (7) | 5.83 | 60.61 | 8.77 | 0.08 | 33.33 | 14.29 | 15.60 | -37.85 | -8.18 | 1206.50 | -26.23 | -13.1 | 122.22 | -30.91 | -13.83 | 1099.88 | -25.87 | -12.95 |
| 20Q2 (6) | 3.63 | -25.15 | 56.47 | 0.06 | -25.0 | 50.0 | 25.10 | 33.8 | -36.15 | 1635.42 | 51.69 | -35.75 | 176.90 | 48.97 | -29.7 | 1483.62 | 51.68 | -36.41 |
| 20Q1 (5) | 4.85 | -13.55 | 6.83 | 0.08 | 14.29 | 0.0 | 18.76 | 15.59 | -6.43 | 1078.12 | -17.08 | -1.88 | 118.75 | -13.72 | 11.55 | 978.13 | -17.03 | -3.38 |
| 19Q4 (4) | 5.61 | 4.66 | 0.0 | 0.07 | 0.0 | 0.0 | 16.23 | -4.47 | 0.0 | 1300.27 | -6.34 | 0.0 | 137.64 | -2.95 | 0.0 | 1178.86 | -6.7 | 0.0 |
| 19Q3 (3) | 5.36 | 131.03 | 0.0 | 0.07 | 75.0 | 0.0 | 16.99 | -56.78 | 0.0 | 1388.34 | -45.45 | 0.0 | 141.83 | -43.64 | 0.0 | 1263.50 | -45.84 | 0.0 |
| 19Q2 (2) | 2.32 | -48.9 | 0.0 | 0.04 | -50.0 | 0.0 | 39.31 | 96.06 | 0.0 | 2545.26 | 131.65 | 0.0 | 251.64 | 136.39 | 0.0 | 2332.93 | 130.44 | 0.0 |
| 19Q1 (1) | 4.54 | 0.0 | 0.0 | 0.08 | 0.0 | 0.0 | 20.05 | 0.0 | 0.0 | 1098.77 | 0.0 | 0.0 | 106.45 | 0.0 | 0.0 | 1012.37 | 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) | 56.45 | 35.47 | 0.23 | -14.81 | 6.47 | -26.14 | 1579.58 | 18.45 | 141.41 | 9.68 | 1444.63 | 19.06 |
| 2022 (9) | 41.67 | 3.27 | 0.27 | -25.0 | 8.76 | -3.2 | 1333.52 | 31.16 | 128.93 | 23.18 | 1213.35 | 31.73 |
| 2021 (8) | 40.35 | 53.95 | 0.36 | 9.09 | 9.05 | -34.99 | 1016.69 | -7.4 | 104.67 | -10.61 | 921.07 | -7.4 |
| 2020 (7) | 26.21 | 68.66 | 0.33 | 26.92 | 13.92 | -40.74 | 1097.88 | -23.08 | 117.09 | -20.16 | 994.72 | -23.73 |
| 2019 (6) | 15.54 | -31.51 | 0.26 | -16.13 | 23.49 | 46.08 | 1427.38 | 22.0 | 146.65 | 29.96 | 1304.22 | 21.52 |
| 2018 (5) | 22.69 | 35.95 | 0.31 | 40.91 | 16.08 | -26.47 | 1169.97 | -28.55 | 112.84 | -27.56 | 1073.22 | -28.62 |
| 2017 (4) | 16.69 | -3.53 | 0.22 | -24.14 | 21.87 | 3.7 | 1637.47 | 30.88 | 155.76 | 23.62 | 1503.58 | 31.18 |
| 2016 (3) | 17.30 | -3.14 | 0.29 | 16.0 | 21.09 | 3.18 | 1251.08 | -13.87 | 126.00 | -27.35 | 1146.17 | -11.81 |
| 2015 (2) | 17.86 | 7.98 | 0.25 | 47.06 | 20.44 | -7.39 | 1452.60 | -32.23 | 173.44 | -41.57 | 1299.59 | -30.45 |
| 2014 (1) | 16.54 | -49.08 | 0.17 | -41.38 | 22.07 | 96.35 | 2143.27 | 72.17 | 296.81 | 84.65 | 1868.53 | 70.59 |
