- 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) | 0.63 | -20.25 | -42.73 | 0.71 | -38.26 | -43.65 | 145.32 | 26.11 | 75.44 | 129.04 | 63.18 | 78.01 | 107.66 | 58.0 | 7.06 | 166.71 | 32.13 | 204.44 |
| 23Q3 (19) | 0.79 | -14.13 | -33.61 | 1.15 | 12.75 | -23.84 | 115.23 | 16.98 | 51.22 | 79.08 | -11.14 | 31.36 | 68.14 | -9.38 | -20.13 | 126.17 | 12.36 | 146.96 |
| 23Q2 (18) | 0.92 | 19.48 | -18.58 | 1.02 | 18.6 | -29.66 | 98.50 | -16.14 | 22.42 | 88.99 | -16.35 | 41.91 | 75.19 | -36.92 | -13.1 | 112.29 | 7.3 | 98.22 |
| 23Q1 (17) | 0.77 | -30.0 | -21.43 | 0.86 | -31.75 | -39.44 | 117.46 | 41.81 | 26.3 | 106.39 | 46.77 | 65.46 | 119.20 | 18.54 | 32.95 | 104.65 | 91.11 | 54.72 |
| 22Q4 (16) | 1.10 | -7.56 | -7.56 | 1.26 | -16.56 | -14.29 | 82.83 | 8.7 | 8.23 | 72.49 | 20.42 | 16.75 | 100.56 | 17.88 | 23.87 | 54.76 | 7.18 | -4.67 |
| 22Q3 (15) | 1.19 | 5.31 | 4.39 | 1.51 | 4.14 | 10.22 | 76.20 | -5.29 | -4.32 | 60.20 | -4.0 | -9.68 | 85.31 | -1.4 | 19.0 | 51.09 | -9.81 | -31.51 |
| 22Q2 (14) | 1.13 | 15.31 | -1.74 | 1.45 | 2.11 | 26.09 | 80.46 | -13.48 | 1.6 | 62.71 | -2.47 | -20.62 | 86.52 | -3.5 | 39.98 | 56.65 | -16.25 | -41.22 |
| 22Q1 (13) | 0.98 | -17.65 | -5.77 | 1.42 | -3.4 | 52.69 | 93.00 | 21.52 | 6.09 | 64.30 | 3.56 | -34.35 | 89.66 | 10.45 | 64.82 | 67.64 | 17.76 | -48.45 |
| 21Q4 (12) | 1.19 | 4.39 | 25.26 | 1.47 | 7.3 | 83.75 | 76.53 | -3.91 | -19.82 | 62.09 | -6.84 | -45.41 | 81.18 | 13.24 | 2.02 | 57.44 | -23.0 | -55.68 |
| 21Q3 (11) | 1.14 | -0.87 | 15.15 | 1.37 | 19.13 | 30.48 | 79.64 | 0.57 | -13.38 | 66.65 | -15.63 | -23.13 | 71.69 | 15.98 | -12.3 | 74.60 | -22.6 | -23.01 |
| 21Q2 (10) | 1.15 | 10.58 | -31.14 | 1.15 | 23.66 | -47.73 | 79.19 | -9.66 | -27.14 | 79.00 | -19.34 | -4.43 | 61.81 | 13.62 | -25.28 | 96.38 | -26.54 | -11.27 |
| 21Q1 (9) | 1.04 | 9.47 | 31.65 | 0.93 | 16.25 | -1.06 | 87.66 | -8.16 | -23.45 | 97.94 | -13.88 | 1.61 | 54.40 | -31.63 | -41.23 | 131.20 | 1.23 | 10.86 |
| 20Q4 (8) | 0.95 | -4.04 | 30.14 | 0.80 | -23.81 | -27.93 | 95.45 | 3.82 | -23.39 | 113.73 | 31.18 | 38.17 | 79.57 | -2.65 | -11.96 | 129.61 | 33.77 | 11.23 |
| 20Q3 (7) | 0.99 | -40.72 | -14.66 | 1.05 | -52.27 | -30.46 | 91.94 | -15.41 | 17.53 | 86.70 | 4.89 | 44.24 | 81.74 | -1.18 | 25.58 | 96.89 | -10.8 | 32.29 |
| 20Q2 (6) | 1.67 | 111.39 | -19.71 | 2.20 | 134.04 | -11.65 | 108.69 | -5.08 | 24.39 | 82.66 | -14.24 | 12.91 | 82.72 | -10.63 | 6.26 | 108.62 | -8.22 | 31.29 |
| 20Q1 (5) | 0.79 | 8.22 | 0 | 0.94 | -15.32 | 0 | 114.51 | -8.09 | 0 | 96.39 | 17.11 | 0 | 92.56 | 2.41 | 0 | 118.35 | 1.57 | 0 |
| 19Q4 (4) | 0.73 | -37.07 | 0.0 | 1.11 | -26.49 | 0.0 | 124.59 | 59.26 | 0.0 | 82.31 | 36.93 | 0.0 | 90.38 | 38.85 | 0.0 | 116.52 | 59.09 | 0.0 |
| 19Q3 (3) | 1.16 | -44.23 | 0.0 | 1.51 | -39.36 | 0.0 | 78.23 | -10.47 | 0.0 | 60.11 | -17.89 | 0.0 | 65.09 | -16.39 | 0.0 | 73.24 | -11.47 | 0.0 |
| 19Q2 (2) | 2.08 | 0 | 0.0 | 2.49 | 0 | 0.0 | 87.38 | 0 | 0.0 | 73.21 | 0 | 0.0 | 77.85 | 0 | 0.0 | 82.73 | 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) | 2.97 | -27.91 | 3.44 | -31.2 | 122.95 | 38.82 | 106.14 | 45.38 | 114.71 | 16.15 | 114.39 | 82.09 |
| 2022 (9) | 4.12 | 0.98 | 5.00 | 14.42 | 88.57 | -0.93 | 73.01 | -12.53 | 98.76 | 29.39 | 62.82 | -34.93 |
| 2021 (8) | 4.08 | -3.32 | 4.37 | -5.0 | 89.40 | 3.3 | 83.47 | 5.21 | 76.33 | 32.98 | 96.54 | -11.01 |
| 2020 (7) | 4.22 | -1.4 | 4.60 | -8.73 | 86.54 | 1.58 | 79.34 | 9.54 | 57.40 | -17.27 | 108.49 | 22.93 |
| 2019 (6) | 4.28 | -0.47 | 5.04 | 2.02 | 85.19 | 0.45 | 72.43 | -1.91 | 69.38 | -16.18 | 88.25 | 16.29 |
| 2018 (5) | 4.30 | 21.81 | 4.94 | -12.26 | 84.81 | -18.08 | 73.84 | 13.9 | 82.77 | -14.65 | 75.89 | 6.3 |
| 2017 (4) | 3.53 | 0 | 5.63 | 0 | 103.53 | 0 | 64.83 | 0 | 96.98 | 0 | 71.39 | 0 |
