- 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) | 14.08 | -14.72 | 14.94 | 23.48 | -6.38 | 4.68 | 6.46 | 17.24 | -13.06 | 3.88 | 6.89 | -4.43 | 16.96 | 5.34 | -25.45 | -6.62 | 4.89 | 41.26 |
| 23Q3 (19) | 16.51 | 22.66 | 11.18 | 25.08 | 28.02 | -1.69 | 5.51 | -18.49 | -10.11 | 3.63 | -21.77 | 1.68 | 16.10 | 0.75 | 8.13 | -6.96 | -52.3 | -33.85 |
| 23Q2 (18) | 13.46 | -15.77 | 48.73 | 19.59 | -8.03 | 12.65 | 6.76 | 18.8 | -32.8 | 4.64 | 8.67 | -11.28 | 15.98 | -13.99 | -11.22 | -4.57 | 46.92 | -68.63 |
| 23Q1 (17) | 15.98 | 30.45 | 38.72 | 21.30 | -5.04 | 0.42 | 5.69 | -23.42 | -27.97 | 4.27 | 5.17 | -0.47 | 18.58 | -18.33 | 7.84 | -8.61 | 23.6 | -70.83 |
| 22Q4 (16) | 12.25 | -17.51 | -6.99 | 22.43 | -12.07 | -11.13 | 7.43 | 21.21 | 7.53 | 4.06 | 13.73 | 12.47 | 22.75 | 52.79 | 40.95 | -11.27 | -116.73 | -100.18 |
| 22Q3 (15) | 14.85 | 64.09 | -2.24 | 25.51 | 46.69 | 28.64 | 6.13 | -39.07 | 2.34 | 3.57 | -31.74 | -22.22 | 14.89 | -17.28 | 1.71 | -5.20 | -91.88 | -28.08 |
| 22Q2 (14) | 9.05 | -21.44 | -21.03 | 17.39 | -18.01 | -0.29 | 10.06 | 27.34 | 26.7 | 5.23 | 21.91 | 0.19 | 18.00 | 4.47 | -0.99 | -2.71 | 46.23 | 46.02 |
| 22Q1 (13) | 11.52 | -12.53 | -17.83 | 21.21 | -15.97 | -10.88 | 7.90 | 14.33 | 21.73 | 4.29 | 18.84 | 12.3 | 17.23 | 6.75 | -3.2 | -5.04 | 10.48 | 32.71 |
| 21Q4 (12) | 13.17 | -13.3 | 7.33 | 25.24 | 27.28 | 7.68 | 6.91 | 15.36 | -6.87 | 3.61 | -21.35 | -6.96 | 16.14 | 10.25 | -6.76 | -5.63 | -38.67 | 6.48 |
| 21Q3 (11) | 15.19 | 32.55 | 8.5 | 19.83 | 13.7 | -28.28 | 5.99 | -24.56 | -7.85 | 4.59 | -12.07 | 39.51 | 14.64 | -19.47 | 5.63 | -4.06 | 19.12 | 0.0 |
| 21Q2 (10) | 11.46 | -18.26 | 6.01 | 17.44 | -26.72 | -18.08 | 7.94 | 22.34 | -5.7 | 5.22 | 36.65 | 22.25 | 18.18 | 2.13 | 11.88 | -5.02 | 32.98 | -40.62 |
| 21Q1 (9) | 14.02 | 14.26 | 11.01 | 23.80 | 1.54 | -6.3 | 6.49 | -12.53 | -9.86 | 3.82 | -1.55 | 6.7 | 17.80 | 2.83 | 32.54 | -7.49 | -24.42 | -183.71 |
| 20Q4 (8) | 12.27 | -12.36 | 8.49 | 23.44 | -15.23 | -10.4 | 7.42 | 14.15 | -7.71 | 3.88 | 17.93 | 11.49 | 17.31 | 24.89 | 35.55 | -6.02 | -48.28 | -385.48 |
| 20Q3 (7) | 14.00 | 29.51 | 29.15 | 27.65 | 29.87 | 12.35 | 6.50 | -22.8 | -22.62 | 3.29 | -22.95 | -11.08 | 13.86 | -14.71 | 10.26 | -4.06 | -13.73 | -763.83 |
| 20Q2 (6) | 10.81 | -14.41 | 42.05 | 21.29 | -16.18 | 7.36 | 8.42 | 16.94 | -29.66 | 4.27 | 19.27 | -6.97 | 16.25 | 21.0 | 21.91 | -3.57 | -35.23 | -210.87 |
| 20Q1 (5) | 12.63 | 11.67 | 117.76 | 25.40 | -2.91 | 26.75 | 7.20 | -10.45 | -54.11 | 3.58 | 2.87 | -21.15 | 13.43 | 5.17 | -2.96 | -2.64 | -112.9 | -141.31 |
| 19Q4 (4) | 11.31 | 4.34 | 0.0 | 26.16 | 6.3 | 0.0 | 8.04 | -4.29 | 0.0 | 3.48 | -5.95 | 0.0 | 12.77 | 1.59 | 0.0 | -1.24 | -163.83 | 0.0 |
| 19Q3 (3) | 10.84 | 42.44 | 0.0 | 24.61 | 24.1 | 0.0 | 8.40 | -29.82 | 0.0 | 3.70 | -19.39 | 0.0 | 12.57 | -5.7 | 0.0 | -0.47 | -114.6 | 0.0 |
| 19Q2 (2) | 7.61 | 31.21 | 0.0 | 19.83 | -1.05 | 0.0 | 11.97 | -23.71 | 0.0 | 4.59 | 1.1 | 0.0 | 13.33 | -3.68 | 0.0 | 3.22 | -49.61 | 0.0 |
| 19Q1 (1) | 5.80 | 0.0 | 0.0 | 20.04 | 0.0 | 0.0 | 15.69 | 0.0 | 0.0 | 4.54 | 0.0 | 0.0 | 13.84 | 0.0 | 0.0 | 6.39 | 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) | 42.58 | 1.45 | 81.55 | 0.77 | 8.57 | -1.49 | 4.48 | -0.67 | 23.81 | -1.29 | -10.76 | 0 |
| 2022 (9) | 41.97 | 30.22 | 80.93 | 11.66 | 8.70 | -23.21 | 4.51 | -10.52 | 24.12 | 3.43 | -10.92 | 0 |
| 2021 (8) | 32.23 | -28.91 | 72.48 | -25.98 | 11.33 | 40.75 | 5.04 | 35.12 | 23.32 | 39.14 | -6.96 | 0 |
| 2020 (7) | 45.34 | 117.56 | 97.92 | 10.77 | 8.05 | -54.03 | 3.73 | -9.69 | 16.76 | 4.82 | -4.98 | 0 |
| 2019 (6) | 20.84 | 14.32 | 88.40 | 9.75 | 17.51 | -12.58 | 4.13 | -8.83 | 15.99 | -13.8 | 5.65 | -5.99 |
| 2018 (5) | 18.23 | -35.4 | 80.55 | -5.45 | 20.03 | 54.91 | 4.53 | 5.84 | 18.55 | -4.53 | 6.01 | 0 |
| 2017 (4) | 28.22 | -8.88 | 85.19 | 8.34 | 12.93 | 9.67 | 4.28 | -7.76 | 19.43 | -5.17 | -2.21 | 0 |
| 2016 (3) | 30.97 | -19.39 | 78.63 | 7.8 | 11.79 | 24.11 | 4.64 | -7.2 | 20.49 | 0.89 | -4.06 | 0 |
| 2015 (2) | 38.42 | -10.28 | 72.94 | -5.77 | 9.50 | 11.5 | 5.00 | 5.93 | 20.31 | 3.94 | -5.80 | 0 |
| 2014 (1) | 42.82 | 31.79 | 77.41 | -10.53 | 8.52 | -24.2 | 4.72 | 11.85 | 19.54 | 3.94 | -6.30 | 0 |
