- 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) | 2.65 | -5.02 | -12.25 | 1.52 | 4.11 | 92.41 | 34.40 | 5.49 | 14.06 | 59.86 | -3.82 | -47.9 | 24.48 | 6.81 | 37.3 | 69.77 | -3.0 | -45.16 |
| 23Q3 (19) | 2.79 | -9.42 | -31.62 | 1.46 | 13.18 | 82.5 | 32.61 | 10.39 | 46.04 | 62.24 | -12.09 | -45.16 | 22.92 | 14.89 | 19.13 | 71.93 | -10.52 | -38.3 |
| 23Q2 (18) | 3.08 | 16.23 | -17.87 | 1.29 | 27.72 | 69.74 | 29.54 | -13.83 | 21.81 | 70.80 | -21.36 | -41.01 | 19.95 | 22.02 | -22.31 | 80.39 | -25.54 | -32.22 |
| 23Q1 (17) | 2.65 | -12.25 | -40.72 | 1.01 | 27.85 | 18.82 | 34.28 | 13.66 | 68.2 | 90.03 | -21.64 | -16.24 | 16.35 | -8.3 | -42.71 | 107.97 | -15.13 | 8.71 |
| 22Q4 (16) | 3.02 | -25.98 | -47.2 | 0.79 | -1.25 | 0.0 | 30.16 | 35.06 | 89.69 | 114.89 | 1.23 | 0.17 | 17.83 | -7.33 | -41.48 | 127.22 | 9.13 | 27.05 |
| 22Q3 (15) | 4.08 | 8.8 | 74.36 | 0.80 | 5.26 | 105.13 | 22.33 | -7.92 | -42.68 | 113.49 | -5.45 | -51.64 | 19.24 | -25.08 | -64.38 | 116.58 | -1.7 | -46.92 |
| 22Q2 (14) | 3.75 | -16.11 | 42.05 | 0.76 | -10.59 | 13.43 | 24.25 | 18.99 | -29.61 | 120.03 | 11.68 | -12.07 | 25.68 | -10.02 | -25.63 | 118.60 | 19.41 | -13.06 |
| 22Q1 (13) | 4.47 | -21.85 | 89.41 | 0.85 | 7.59 | 6.25 | 20.38 | 28.18 | -47.26 | 107.48 | -6.29 | -5.7 | 28.54 | -6.33 | -19.38 | 99.32 | -0.81 | -15.27 |
| 21Q4 (12) | 5.72 | 144.44 | 55.86 | 0.79 | 102.56 | -43.57 | 15.90 | -59.19 | -35.89 | 114.69 | -51.13 | 75.88 | 30.47 | -43.58 | 24.72 | 100.13 | -54.41 | 52.68 |
| 21Q3 (11) | 2.34 | -11.36 | -17.89 | 0.39 | -41.79 | -74.84 | 38.96 | 13.09 | 21.98 | 234.69 | 71.93 | 299.68 | 54.01 | 56.41 | 117.17 | 219.65 | 61.02 | 233.81 |
| 21Q2 (10) | 2.64 | 11.86 | 91.3 | 0.67 | -16.25 | -33.66 | 34.45 | -10.84 | -47.7 | 136.50 | 19.76 | 51.87 | 34.53 | -2.46 | -20.46 | 136.41 | 16.37 | 21.43 |
| 21Q1 (9) | 2.36 | -35.69 | 24.87 | 0.80 | -42.86 | -46.67 | 38.64 | 55.81 | -19.58 | 113.98 | 74.79 | 87.53 | 35.40 | 44.9 | 17.41 | 117.22 | 78.74 | 48.98 |
| 20Q4 (8) | 3.67 | 28.77 | 68.35 | 1.40 | -9.68 | -25.53 | 24.80 | -22.35 | -40.53 | 65.21 | 11.05 | 34.48 | 24.43 | -1.77 | 17.0 | 65.58 | -0.33 | -5.38 |
| 20Q3 (7) | 2.85 | 106.52 | 27.8 | 1.55 | 53.47 | -5.49 | 31.94 | -51.51 | -21.73 | 58.72 | -34.67 | 5.8 | 24.87 | -42.71 | 5.16 | 65.80 | -41.43 | -9.44 |
| 20Q2 (6) | 1.38 | -26.98 | -40.52 | 1.01 | -32.67 | -39.52 | 65.87 | 37.09 | 67.78 | 89.88 | 47.88 | 64.98 | 43.41 | 43.98 | 83.09 | 112.34 | 42.78 | 60.39 |
| 20Q1 (5) | 1.89 | -13.3 | -8.25 | 1.50 | -20.21 | -18.48 | 48.05 | 15.23 | 8.78 | 60.78 | 25.35 | 23.04 | 30.15 | 44.4 | 37.17 | 78.68 | 13.52 | 9.9 |
| 19Q4 (4) | 2.18 | -2.24 | 0.0 | 1.88 | 14.63 | 0.0 | 41.70 | 2.18 | 0.0 | 48.49 | -12.63 | 0.0 | 20.88 | -11.71 | 0.0 | 69.31 | -4.61 | 0.0 |
| 19Q3 (3) | 2.23 | -3.88 | 0.0 | 1.64 | -1.8 | 0.0 | 40.81 | 3.95 | 0.0 | 55.50 | 1.87 | 0.0 | 23.65 | -0.25 | 0.0 | 72.66 | 3.74 | 0.0 |
| 19Q2 (2) | 2.32 | 12.62 | 0.0 | 1.67 | -9.24 | 0.0 | 39.26 | -11.12 | 0.0 | 54.48 | 10.28 | 0.0 | 23.71 | 7.87 | 0.0 | 70.04 | -2.17 | 0.0 |
| 19Q1 (1) | 2.06 | 0.0 | 0.0 | 1.84 | 0.0 | 0.0 | 44.17 | 0.0 | 0.0 | 49.40 | 0.0 | 0.0 | 21.98 | 0.0 | 0.0 | 71.59 | 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) | 10.76 | -33.87 | 4.37 | 28.53 | 33.92 | 51.23 | 83.61 | -22.22 | 23.10 | -6.93 | 94.43 | -10.15 |
| 2022 (9) | 16.27 | 64.51 | 3.40 | 34.92 | 22.43 | -39.2 | 107.50 | -25.75 | 24.82 | -44.62 | 105.10 | -23.2 |
| 2021 (8) | 9.89 | 12.39 | 2.52 | -47.5 | 36.89 | -11.09 | 144.78 | 90.45 | 44.82 | 55.25 | 136.85 | 54.39 |
| 2020 (7) | 8.80 | 6.28 | 4.80 | -37.9 | 41.49 | -5.94 | 76.02 | 61.06 | 28.87 | 32.92 | 88.64 | 27.39 |
| 2019 (6) | 8.28 | -4.39 | 7.73 | 1.98 | 44.11 | 4.67 | 47.20 | -1.97 | 21.72 | 8.06 | 69.58 | -0.87 |
| 2018 (5) | 8.66 | -15.35 | 7.58 | 22.06 | 42.14 | 18.11 | 48.15 | -18.08 | 20.10 | -7.67 | 70.19 | -3.45 |
| 2017 (4) | 10.23 | 98.64 | 6.21 | 134.34 | 35.68 | -49.67 | 58.78 | -57.27 | 21.77 | -60.07 | 72.70 | -52.77 |
| 2016 (3) | 5.15 | -63.5 | 2.65 | -58.14 | 70.89 | 174.02 | 137.55 | 138.72 | 54.52 | 105.5 | 153.92 | 170.27 |
| 2015 (2) | 14.11 | 0 | 6.33 | 0 | 25.87 | 0 | 57.62 | 0 | 26.53 | 0 | 56.95 | 0 |
