- 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) | 0.87 | -11.22 | -22.32 | 0.28 | 7.69 | -31.71 | 104.59 | 13.12 | 29.28 | 322.05 | -7.09 | 44.98 | 17.63 | -46.2 | -24.59 | 409.01 | 0.66 | 46.25 |
| 23Q3 (19) | 0.98 | -5.77 | -18.33 | 0.26 | -16.13 | 23.81 | 92.46 | 5.26 | 21.48 | 346.64 | 18.06 | -20.83 | 32.77 | -21.13 | -37.34 | 406.32 | 19.54 | -11.99 |
| 23Q2 (18) | 1.04 | -0.95 | -14.75 | 0.31 | -13.89 | -36.73 | 87.84 | 1.42 | 17.81 | 293.61 | 14.75 | 57.29 | 41.55 | 27.3 | 107.75 | 339.90 | 9.7 | 40.9 |
| 23Q1 (17) | 1.05 | -6.25 | -17.97 | 0.36 | -12.2 | 16.13 | 86.61 | 7.06 | 21.75 | 255.88 | 15.19 | -14.21 | 32.64 | 39.61 | 40.75 | 309.85 | 10.8 | -10.5 |
| 22Q4 (16) | 1.12 | -6.67 | -9.68 | 0.41 | 95.24 | 24.24 | 80.90 | 6.29 | 10.53 | 222.14 | -49.27 | -19.71 | 23.38 | -55.3 | 32.54 | 279.66 | -39.43 | -15.82 |
| 22Q3 (15) | 1.20 | -1.64 | 2.56 | 0.21 | -57.14 | -32.26 | 76.11 | 2.08 | -2.37 | 437.87 | 134.57 | 49.9 | 52.30 | 161.5 | 122.08 | 461.68 | 91.39 | 33.23 |
| 22Q2 (14) | 1.22 | -4.69 | -3.94 | 0.49 | 58.06 | 36.11 | 74.56 | 4.81 | 4.24 | 186.67 | -37.41 | -25.71 | 20.00 | -13.76 | -36.37 | 241.23 | -30.32 | -17.21 |
| 22Q1 (13) | 1.28 | 3.23 | 1.59 | 0.31 | -6.06 | 10.71 | 71.14 | -2.8 | -1.47 | 298.26 | 7.81 | -9.82 | 23.19 | 31.46 | -33.91 | 346.20 | 4.21 | -5.89 |
| 21Q4 (12) | 1.24 | 5.98 | 13.76 | 0.33 | 6.45 | 37.5 | 73.19 | -6.12 | -11.99 | 276.66 | -5.29 | -25.6 | 17.64 | -25.1 | -31.2 | 332.21 | -4.13 | -22.62 |
| 21Q3 (11) | 1.17 | -7.87 | -3.31 | 0.31 | -13.89 | -29.55 | 77.96 | 8.99 | 3.86 | 292.11 | 16.25 | 41.65 | 23.55 | -25.07 | 53.22 | 346.53 | 18.93 | 30.32 |
| 21Q2 (10) | 1.27 | 0.79 | 24.51 | 0.36 | 28.57 | 2.86 | 71.53 | -0.93 | -19.54 | 251.28 | -24.02 | -3.11 | 31.43 | -10.43 | 50.89 | 291.38 | -20.79 | -11.01 |
| 21Q1 (9) | 1.26 | 15.6 | 6.78 | 0.28 | 16.67 | -37.78 | 72.20 | -13.18 | -6.75 | 330.74 | -11.05 | 64.93 | 35.09 | 36.86 | 78.85 | 367.85 | -14.32 | 42.38 |
| 20Q4 (8) | 1.09 | -9.92 | -12.1 | 0.24 | -45.45 | -52.94 | 83.16 | 10.79 | 13.65 | 371.83 | 80.31 | 108.04 | 25.64 | 66.82 | 15.44 | 429.34 | 61.46 | 86.91 |
| 20Q3 (7) | 1.21 | 18.63 | 11.01 | 0.44 | 25.71 | 0.0 | 75.06 | -15.57 | -9.91 | 206.22 | -20.49 | -0.02 | 15.37 | -26.21 | -31.48 | 265.91 | -18.79 | -0.46 |
| 20Q2 (6) | 1.02 | -13.56 | -34.62 | 0.35 | -22.22 | -37.5 | 88.90 | 14.81 | 52.49 | 259.35 | 29.33 | 60.31 | 20.83 | 6.17 | 73.15 | 327.42 | 26.74 | 57.38 |
| 20Q1 (5) | 1.18 | -4.84 | -1.67 | 0.45 | -11.76 | -8.16 | 77.43 | 5.82 | 2.23 | 200.53 | 12.2 | 7.84 | 19.62 | -11.66 | 26.91 | 258.35 | 12.47 | 4.92 |
| 19Q4 (4) | 1.24 | 13.76 | 0.0 | 0.51 | 15.91 | 0.0 | 73.17 | -12.18 | 0.0 | 178.73 | -13.35 | 0.0 | 22.21 | -0.98 | 0.0 | 229.70 | -14.02 | 0.0 |
| 19Q3 (3) | 1.09 | -30.13 | 0.0 | 0.44 | -21.43 | 0.0 | 83.32 | 42.92 | 0.0 | 206.27 | 27.5 | 0.0 | 22.43 | 86.45 | 0.0 | 267.15 | 28.41 | 0.0 |
| 19Q2 (2) | 1.56 | 30.0 | 0.0 | 0.56 | 14.29 | 0.0 | 58.30 | -23.03 | 0.0 | 161.78 | -13.0 | 0.0 | 12.03 | -22.19 | 0.0 | 208.05 | -15.51 | 0.0 |
| 19Q1 (1) | 1.20 | 0.0 | 0.0 | 0.49 | 0.0 | 0.0 | 75.74 | 0.0 | 0.0 | 185.96 | 0.0 | 0.0 | 15.46 | 0.0 | 0.0 | 246.24 | 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) | 4.32 | -7.49 | 1.18 | -13.87 | 84.54 | 8.12 | 310.04 | 16.25 | 19.61 | -10.25 | 374.97 | 16.08 |
| 2022 (9) | 4.67 | -10.19 | 1.37 | 3.79 | 78.19 | 11.38 | 266.70 | -3.62 | 21.85 | 26.08 | 323.04 | -1.99 |
| 2021 (8) | 5.20 | 9.24 | 1.32 | -9.59 | 70.20 | -8.45 | 276.72 | 10.33 | 17.33 | -16.0 | 329.60 | 7.4 |
| 2020 (7) | 4.76 | -15.6 | 1.46 | -25.13 | 76.68 | 18.57 | 250.82 | 34.27 | 20.63 | 13.1 | 306.88 | 31.57 |
| 2019 (6) | 5.64 | -17.06 | 1.95 | -19.09 | 64.67 | 20.52 | 186.80 | 23.46 | 18.24 | 103.8 | 233.24 | 18.99 |
| 2018 (5) | 6.80 | 7.94 | 2.41 | 44.31 | 53.66 | -7.43 | 151.31 | -30.97 | 8.95 | -53.79 | 196.01 | -23.96 |
| 2017 (4) | 6.30 | -5.69 | 1.67 | -18.54 | 57.97 | 6.13 | 219.18 | 23.02 | 19.37 | -60.77 | 257.78 | 40.56 |
| 2016 (3) | 6.68 | -44.66 | 2.05 | -28.32 | 54.62 | 80.62 | 178.16 | 39.38 | 49.38 | -24.24 | 183.40 | 97.44 |
| 2015 (2) | 12.07 | -52.08 | 2.86 | -22.49 | 30.24 | 108.7 | 127.82 | 29.05 | 65.18 | 9.29 | 92.89 | 72.34 |
| 2014 (1) | 25.19 | 0 | 3.69 | 0 | 14.49 | 0 | 99.05 | 0 | 59.64 | 0 | 53.90 | 0 |
