- 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 | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 21Q2 (20) | 1.13 | -11.02 | -39.57 | 949.78 | 46.63 | 58.87 | 80.52 | 12.76 | 65.92 | 0.10 | -28.57 | -33.33 | 79.38 | -11.22 | 69.33 | 1.23 | 106.89 | -32.04 |
| 21Q1 (19) | 1.27 | -7.3 | -9.93 | 647.72 | -24.89 | 9.93 | 71.41 | 7.53 | 10.37 | 0.14 | 27.27 | -6.67 | 89.41 | 14.61 | 103.11 | -17.86 | -55.44 | -185.74 |
| 20Q4 (18) | 1.37 | -8.05 | -4.2 | 862.39 | 0.37 | 640.57 | 66.41 | 8.67 | 4.43 | 0.11 | 0.0 | -85.9 | 78.01 | 28.92 | 107.53 | -11.49 | -1718.31 | -142.91 |
| 20Q3 (17) | 1.49 | -20.32 | 4.93 | 859.19 | 43.71 | 592.95 | 61.11 | 25.92 | -4.96 | 0.11 | -26.67 | -84.93 | 60.51 | 29.07 | 32.32 | 0.71 | -60.77 | -96.32 |
| 20Q2 (16) | 1.87 | 32.62 | 28.08 | 597.85 | 1.46 | 37.17 | 48.53 | -24.99 | -22.03 | 0.15 | 0.0 | -28.57 | 46.88 | 6.5 | -5.14 | 1.81 | -91.31 | -86.11 |
| 20Q1 (15) | 1.41 | -1.4 | -15.06 | 589.22 | 405.99 | 50.32 | 64.70 | 1.75 | 17.92 | 0.15 | -80.77 | -34.78 | 44.02 | 17.11 | 12.27 | 20.83 | -22.22 | 31.17 |
| 19Q4 (14) | 1.43 | 0.7 | -10.63 | 116.45 | -6.08 | -54.19 | 63.59 | -1.1 | 11.48 | 0.78 | 6.85 | 116.67 | 37.59 | -17.8 | 29.26 | 26.78 | 38.76 | -5.4 |
| 19Q3 (13) | 1.42 | -2.74 | 4.41 | 123.99 | -71.55 | -47.76 | 64.30 | 3.31 | -3.77 | 0.73 | 247.62 | 92.11 | 45.73 | -7.47 | 44.94 | 19.30 | 48.12 | -45.86 |
| 19Q2 (12) | 1.46 | -12.05 | -1.35 | 435.85 | 11.19 | 11.62 | 62.24 | 13.43 | 1.3 | 0.21 | -8.7 | -8.7 | 49.42 | 26.04 | 73.59 | 13.03 | -17.95 | -60.75 |
| 19Q1 (11) | 1.66 | 3.75 | 13.7 | 391.98 | 54.21 | -16.93 | 54.87 | -3.8 | -11.71 | 0.23 | -36.11 | 21.05 | 39.21 | 34.83 | 20.42 | 15.88 | -43.91 | -46.68 |
| 18Q4 (10) | 1.60 | 17.65 | 3.23 | 254.19 | 7.1 | -68.56 | 57.04 | -14.64 | -2.99 | 0.36 | -5.26 | 227.27 | 29.08 | -7.83 | -5.31 | 28.31 | -20.59 | 0.39 |
| 18Q3 (9) | 1.36 | -8.11 | -19.53 | 237.34 | -39.22 | 0 | 66.82 | 8.76 | 24.04 | 0.38 | 65.22 | 0 | 31.55 | 10.82 | 13.45 | 35.65 | 7.38 | 36.8 |
| 18Q2 (8) | 1.48 | 1.37 | -2.63 | 390.47 | -17.25 | 0 | 61.44 | -1.14 | 2.45 | 0.23 | 21.05 | 0 | 28.47 | -12.56 | -11.47 | 33.20 | 11.48 | 19.34 |
| 18Q1 (7) | 1.46 | -5.81 | 12.31 | 471.85 | -41.64 | 0 | 62.15 | 5.7 | -11.06 | 0.19 | 72.73 | 0 | 32.56 | 6.02 | -8.15 | 29.78 | 5.6 | -13.51 |
| 17Q4 (6) | 1.55 | -8.28 | 26.02 | 808.48 | 0 | 256.76 | 58.80 | 9.15 | -20.69 | 0.11 | 0 | -72.5 | 30.71 | 10.43 | -12.61 | 28.20 | 8.21 | -28.41 |
| 17Q3 (5) | 1.69 | 11.18 | 19.86 | 0.00 | 0 | -100.0 | 53.87 | -10.17 | -16.47 | 0.00 | 0 | -100.0 | 27.81 | -13.53 | 1.46 | 26.06 | -6.33 | -30.97 |
| 17Q2 (4) | 1.52 | 16.92 | 0.0 | 0.00 | 0 | 0.0 | 59.97 | -14.18 | 0.0 | 0.00 | 0 | 0.0 | 32.16 | -9.28 | 0.0 | 27.82 | -19.2 | 0.0 |
| 17Q1 (3) | 1.30 | 5.69 | 0.0 | 0.00 | -100.0 | 0.0 | 69.88 | -5.75 | 0.0 | 0.00 | -100.0 | 0.0 | 35.45 | 0.88 | 0.0 | 34.43 | -12.59 | 0.0 |
| 16Q4 (2) | 1.23 | -12.77 | 0.0 | 226.62 | 65.48 | 0.0 | 74.14 | 14.96 | 0.0 | 0.40 | -39.39 | 0.0 | 35.14 | 28.2 | 0.0 | 39.39 | 4.34 | 0.0 |
| 16Q3 (1) | 1.41 | 0.0 | 0.0 | 136.95 | 0.0 | 0.0 | 64.49 | 0.0 | 0.0 | 0.66 | 0.0 | 0.0 | 27.41 | 0.0 | 0.0 | 37.75 | 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 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2020 (10) | 6.63 | -16.29 | 5088.37 | 115.5 | 55.03 | 19.42 | 0.07 | -53.33 | 51.94 | 142.03 | 3.16 | -87.25 |
| 2019 (9) | 7.92 | 37.02 | 2361.18 | 102.17 | 46.08 | -26.98 | 0.15 | -51.61 | 21.46 | -31.92 | 24.78 | -22.34 |
| 2018 (8) | 5.78 | 2.85 | 1167.89 | -55.47 | 63.11 | -2.85 | 0.31 | 121.43 | 31.52 | -2.63 | 31.91 | -2.51 |
| 2017 (7) | 5.62 | -18.79 | 2622.48 | 0 | 64.96 | 23.08 | 0.14 | 0 | 32.37 | 73.75 | 32.73 | -4.16 |
| 2016 (6) | 6.92 | 56.56 | 0.00 | 0 | 52.78 | -36.06 | 0.00 | 0 | 18.63 | -53.38 | 34.15 | -20.67 |
| 2015 (5) | 4.42 | -33.43 | 789.76 | 135.15 | 82.55 | 50.09 | 0.46 | -57.8 | 39.96 | 14.11 | 43.05 | 104.42 |
| 2014 (4) | 6.64 | -46.1 | 335.85 | 219.28 | 55.00 | 85.62 | 1.09 | -68.59 | 35.02 | 96.96 | 21.06 | 37.56 |
| 2013 (3) | 12.32 | 90.12 | 105.19 | 342.35 | 29.63 | -47.4 | 3.47 | -77.39 | 17.78 | -29.86 | 15.31 | -66.95 |
| 2012 (2) | 6.48 | 0 | 23.78 | 0 | 56.33 | 0 | 15.35 | 0 | 25.35 | 0 | 46.33 | 0 |
