- 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) | 1.37 | 9.6 | 23.42 | 0.91 | -8.08 | -44.85 | 66.45 | -9.07 | -18.8 | 100.20 | 9.19 | 81.52 | 86.38 | -4.7 | -11.25 | 80.26 | 8.14 | 102.17 |
| 23Q3 (19) | 1.25 | -6.72 | 21.36 | 0.99 | -6.6 | -50.75 | 73.08 | 7.64 | -17.2 | 91.77 | 7.4 | 102.27 | 90.64 | -4.73 | -7.75 | 74.22 | 27.5 | 109.9 |
| 23Q2 (18) | 1.34 | 67.5 | 61.45 | 1.06 | 24.71 | -38.01 | 67.89 | -39.98 | -38.36 | 85.45 | -19.88 | 60.44 | 95.14 | -32.6 | -26.03 | 58.21 | -25.96 | 67.37 |
| 23Q1 (17) | 0.80 | -27.93 | 2.56 | 0.85 | -48.48 | -60.83 | 113.12 | 38.24 | -2.88 | 106.65 | 93.21 | 153.99 | 141.15 | 45.02 | 12.69 | 78.62 | 98.04 | 136.81 |
| 22Q4 (16) | 1.11 | 7.77 | 1.83 | 1.65 | -17.91 | -57.58 | 81.83 | -7.29 | -2.15 | 55.20 | 21.67 | 135.8 | 97.33 | -0.95 | 14.71 | 39.70 | 12.27 | 78.99 |
| 22Q3 (15) | 1.03 | 24.1 | 17.05 | 2.01 | 17.54 | -35.99 | 88.26 | -19.87 | -14.83 | 45.37 | -14.81 | 56.45 | 98.26 | -23.6 | 6.17 | 35.36 | 1.67 | -11.75 |
| 22Q2 (14) | 0.83 | 6.41 | -10.75 | 1.71 | -21.2 | -56.49 | 110.14 | -5.43 | 12.91 | 53.26 | 26.84 | 129.97 | 128.62 | 2.68 | 77.58 | 34.78 | 4.76 | -27.96 |
| 22Q1 (13) | 0.78 | -28.44 | 59.18 | 2.17 | -44.22 | -30.45 | 116.47 | 39.27 | -36.74 | 41.99 | 79.37 | 43.9 | 125.26 | 47.63 | 20.45 | 33.20 | 49.68 | -69.63 |
| 21Q4 (12) | 1.09 | 23.86 | 78.69 | 3.89 | 23.89 | 13.74 | 83.63 | -19.3 | -43.54 | 23.41 | -19.28 | -12.06 | 84.85 | -8.32 | -19.76 | 22.18 | -44.65 | -67.86 |
| 21Q3 (11) | 0.88 | -5.38 | 25.71 | 3.14 | -20.1 | 9.79 | 103.63 | 6.23 | -20.72 | 29.00 | 25.22 | -8.95 | 92.55 | 27.78 | -23.63 | 40.07 | -17.0 | -3.14 |
| 21Q2 (10) | 0.93 | 89.8 | -13.08 | 3.93 | 25.96 | 89.86 | 97.55 | -47.02 | 14.25 | 23.16 | -20.63 | -47.2 | 72.43 | -30.35 | -21.36 | 48.28 | -55.83 | 30.03 |
| 21Q1 (9) | 0.49 | -19.67 | -40.96 | 3.12 | -8.77 | 106.62 | 184.12 | 24.3 | 67.79 | 29.18 | 9.62 | -51.74 | 103.99 | -1.66 | -2.31 | 109.31 | 58.4 | 71.49 |
| 20Q4 (8) | 0.61 | -12.86 | -25.61 | 3.42 | 19.58 | 81.91 | 148.13 | 13.33 | 33.07 | 26.62 | -16.42 | -44.95 | 105.75 | -12.74 | -7.02 | 69.01 | 66.81 | 50.18 |
| 20Q3 (7) | 0.70 | -34.58 | -10.26 | 2.86 | 38.16 | 61.58 | 130.71 | 53.09 | 12.22 | 31.85 | -27.38 | -38.12 | 121.19 | 31.59 | 10.09 | 41.37 | 11.42 | -28.51 |
| 20Q2 (6) | 1.07 | 28.92 | 42.67 | 2.07 | 37.09 | 16.95 | 85.38 | -22.19 | -29.92 | 43.86 | -27.46 | -14.85 | 92.10 | -13.48 | -4.81 | 37.13 | -41.75 | -51.52 |
| 20Q1 (5) | 0.83 | 1.22 | -1.19 | 1.51 | -19.68 | -34.91 | 109.73 | -1.43 | 0.96 | 60.46 | 25.02 | 54.04 | 106.45 | -6.4 | 17.04 | 63.74 | 38.72 | 11.84 |
| 19Q4 (4) | 0.82 | 5.13 | 0.0 | 1.88 | 6.21 | 0.0 | 111.32 | -4.43 | 0.0 | 48.36 | -6.04 | 0.0 | 113.73 | 3.32 | 0.0 | 45.95 | -20.6 | 0.0 |
| 19Q3 (3) | 0.78 | 4.0 | 0.0 | 1.77 | 0.0 | 0.0 | 116.48 | -4.39 | 0.0 | 51.47 | -0.08 | 0.0 | 110.08 | 13.78 | 0.0 | 57.87 | -24.44 | 0.0 |
| 19Q2 (2) | 0.75 | -10.71 | 0.0 | 1.77 | -23.71 | 0.0 | 121.83 | 12.09 | 0.0 | 51.51 | 31.24 | 0.0 | 96.75 | 6.38 | 0.0 | 76.59 | 34.39 | 0.0 |
| 19Q1 (1) | 0.84 | 0.0 | 0.0 | 2.32 | 0.0 | 0.0 | 108.69 | 0.0 | 0.0 | 39.25 | 0.0 | 0.0 | 90.95 | 0.0 | 0.0 | 56.99 | 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) | 4.58 | 14.5 | 4.10 | -50.72 | 79.66 | -12.76 | 89.05 | 102.99 | 97.76 | 1.04 | 70.96 | 84.6 |
| 2022 (9) | 4.00 | 23.08 | 8.32 | -51.74 | 91.31 | -18.65 | 43.87 | 107.23 | 96.75 | 10.77 | 38.44 | -16.58 |
| 2021 (8) | 3.25 | 24.52 | 17.24 | 87.39 | 112.24 | -19.75 | 21.17 | -46.63 | 87.34 | -19.81 | 46.08 | -34.75 |
| 2020 (7) | 2.61 | -12.42 | 9.20 | 7.6 | 139.86 | 14.32 | 39.67 | -7.1 | 108.91 | 1.44 | 70.62 | 22.43 |
| 2019 (6) | 2.98 | -31.02 | 8.55 | 120.36 | 122.34 | 44.78 | 42.70 | -54.61 | 107.36 | 10.97 | 57.68 | -29.51 |
| 2018 (5) | 4.32 | -6.9 | 3.88 | 125.58 | 84.50 | 7.34 | 94.08 | -55.73 | 96.75 | -31.05 | 81.83 | -45.79 |
| 2017 (4) | 4.64 | 48.24 | 1.72 | -9.95 | 78.72 | -32.5 | 212.53 | 10.99 | 140.31 | -4.09 | 150.94 | -6.71 |
| 2016 (3) | 3.13 | -25.12 | 1.91 | -10.33 | 116.62 | 33.48 | 191.48 | 11.92 | 146.30 | -7.61 | 161.80 | 61.62 |
| 2015 (2) | 4.18 | -33.55 | 2.13 | -7.79 | 87.37 | 50.64 | 171.09 | 8.42 | 158.35 | -3.23 | 100.11 | 91.86 |
| 2014 (1) | 6.29 | 0 | 2.31 | 0 | 58.00 | 0 | 157.81 | 0 | 163.63 | 0 | 52.18 | 0 |
