- 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 | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 22Q3 (20) | 1.46 | -12.05 | 26.96 | 0.34 | -8.11 | -19.05 | 62.52 | 14.32 | -21.2 | 269.06 | 9.69 | 22.82 | 49.19 | -5.6 | -34.88 | 282.39 | 13.93 | 26.7 |
| 22Q2 (19) | 1.66 | 50.91 | 34.96 | 0.37 | -2.63 | -32.73 | 54.69 | -33.99 | -26.17 | 245.29 | 1.33 | 47.69 | 52.11 | -20.33 | -7.18 | 247.87 | -4.48 | 34.7 |
| 22Q1 (18) | 1.10 | -27.63 | -20.86 | 0.38 | -36.67 | -43.28 | 82.85 | 38.04 | 26.59 | 242.06 | 58.94 | 78.8 | 65.41 | 30.74 | 35.93 | 259.49 | 59.89 | 69.92 |
| 21Q4 (17) | 1.52 | 32.17 | 16.03 | 0.60 | 42.86 | -1.64 | 60.02 | -24.35 | -13.59 | 152.30 | -30.48 | 2.79 | 50.03 | -33.77 | -11.64 | 162.29 | -27.19 | 0.79 |
| 21Q3 (16) | 1.15 | -6.5 | -22.3 | 0.42 | -23.64 | -30.0 | 79.34 | 7.1 | 28.67 | 219.07 | 31.91 | 44.63 | 75.54 | 34.56 | 49.02 | 222.88 | 21.12 | 37.22 |
| 21Q2 (15) | 1.23 | -11.51 | -22.64 | 0.55 | -17.91 | 7.84 | 74.08 | 13.19 | 29.47 | 166.08 | 22.68 | -7.03 | 56.14 | 16.67 | 4.56 | 184.01 | 20.5 | 1.01 |
| 21Q1 (14) | 1.39 | 6.11 | -2.8 | 0.67 | 9.84 | 39.58 | 65.45 | -5.77 | 2.97 | 135.38 | -8.63 | -27.85 | 48.12 | -15.01 | -23.74 | 152.71 | -5.15 | -18.81 |
| 20Q4 (13) | 1.31 | -11.49 | 33.67 | 0.61 | 1.67 | 8.93 | 69.46 | 12.65 | -25.42 | 148.17 | -2.18 | -9.51 | 56.62 | 11.7 | -10.9 | 161.01 | -0.87 | -16.72 |
| 20Q3 (12) | 1.48 | -6.92 | 12.98 | 0.60 | 17.65 | -21.05 | 61.66 | 7.76 | -11.02 | 151.47 | -15.21 | 27.11 | 50.69 | -5.59 | 14.35 | 162.43 | -10.84 | 12.7 |
| 20Q2 (11) | 1.59 | 11.19 | 30.33 | 0.51 | 6.25 | -1.92 | 57.22 | -9.97 | -23.01 | 178.64 | -4.8 | 1.37 | 53.69 | -14.91 | -9.69 | 182.17 | -3.15 | -4.67 |
| 20Q1 (10) | 1.43 | 45.92 | 58.89 | 0.48 | -14.29 | 4.35 | 63.56 | -31.76 | -37.48 | 187.64 | 14.6 | -4.96 | 63.10 | -0.71 | -7.64 | 188.10 | -2.71 | -18.49 |
| 19Q4 (9) | 0.98 | -25.19 | -14.04 | 0.56 | -26.32 | -9.68 | 93.14 | 34.4 | 16.32 | 163.74 | 37.41 | 11.19 | 63.55 | 43.36 | 9.27 | 193.34 | 34.15 | 14.29 |
| 19Q3 (8) | 1.31 | 7.38 | 2.34 | 0.76 | 46.15 | 35.71 | 69.30 | -6.75 | -2.82 | 119.16 | -32.38 | -26.4 | 44.33 | -25.43 | -32.83 | 144.12 | -24.58 | -13.81 |
| 19Q2 (7) | 1.22 | 35.56 | 7.02 | 0.52 | 13.04 | -3.7 | 74.32 | -26.89 | -7.19 | 176.23 | -10.74 | 4.35 | 59.45 | -12.98 | -10.28 | 191.10 | -17.19 | 4.6 |
| 19Q1 (6) | 0.90 | -21.05 | -7.22 | 0.46 | -25.81 | -22.03 | 101.66 | 26.96 | 8.18 | 197.43 | 34.07 | 27.96 | 68.32 | 17.47 | 1.05 | 230.76 | 36.41 | 27.74 |
| 18Q4 (5) | 1.14 | -10.94 | 0 | 0.62 | 10.71 | 0 | 80.07 | 12.28 | 0 | 147.26 | -9.05 | 0 | 58.16 | -11.88 | 0 | 169.17 | 1.17 | 0 |
| 18Q3 (4) | 1.28 | 12.28 | 0.0 | 0.56 | 3.7 | 0.0 | 71.31 | -10.95 | 0.0 | 161.91 | -4.13 | 0.0 | 66.00 | -0.39 | 0.0 | 167.22 | -8.47 | 0.0 |
| 18Q2 (3) | 1.14 | 17.53 | 0.0 | 0.54 | -8.47 | 0.0 | 80.08 | -14.78 | 0.0 | 168.88 | 9.46 | 0.0 | 66.26 | -2.0 | 0.0 | 182.70 | 1.13 | 0.0 |
| 18Q1 (2) | 0.97 | 0 | 0.0 | 0.59 | 0 | 0.0 | 93.97 | 0 | 0.0 | 154.29 | 0 | 0.0 | 67.61 | 0 | 0.0 | 180.65 | 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 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2021 (10) | 4.84 | -4.16 | 2.14 | 2.39 | 75.47 | 4.4 | 170.71 | -2.18 | 61.88 | -7.99 | 184.30 | 2.65 |
| 2020 (9) | 5.05 | 5.87 | 2.09 | -14.34 | 72.29 | -5.61 | 174.51 | 16.63 | 67.25 | 21.63 | 179.55 | 5.04 |
| 2019 (8) | 4.77 | 29.97 | 2.44 | 1.24 | 76.59 | -23.03 | 149.63 | -1.4 | 55.29 | -14.87 | 170.93 | -8.26 |
| 2018 (7) | 3.67 | -13.85 | 2.41 | -8.37 | 99.51 | 16.11 | 151.75 | 9.36 | 64.95 | -3.0 | 186.32 | 18.3 |
| 2017 (6) | 4.26 | -3.84 | 2.63 | 1.15 | 85.70 | 4.0 | 138.76 | -1.27 | 66.96 | -6.27 | 157.50 | 3.96 |
| 2016 (5) | 4.43 | -9.22 | 2.60 | -24.2 | 82.40 | 10.25 | 140.54 | 32.11 | 71.44 | 22.37 | 151.50 | 23.42 |
| 2015 (4) | 4.88 | 1.04 | 3.43 | 3.94 | 74.74 | -1.14 | 106.38 | -3.75 | 58.38 | -3.81 | 122.75 | -2.14 |
| 2014 (3) | 4.83 | -10.22 | 3.30 | 6.11 | 75.60 | 11.52 | 110.53 | -5.72 | 60.69 | -1.22 | 125.44 | 1.51 |
| 2013 (2) | 5.38 | -2.71 | 3.11 | 11.07 | 67.79 | 2.73 | 117.23 | -10.15 | 61.44 | -13.6 | 123.58 | -1.41 |
| 2012 (1) | 5.53 | 0 | 2.80 | 0 | 65.99 | 0 | 130.47 | 0 | 71.11 | 0 | 125.35 | 0 |
