- 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 | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 21Q3 (20) | -1.88 | -389.23 | -500.0 | -0.73 | -162.39 | -431.82 | 0.00 | -100.0 | -100.0 | 0.00 | -100.0 | -100.0 | 0.00 | -100.0 | -100.0 | 0.00 | -100.0 | -100.0 |
| 21Q2 (19) | 0.65 | -56.08 | -25.29 | 1.17 | -19.86 | 6.36 | 140.81 | 128.85 | 34.31 | 77.89 | 24.88 | -6.27 | 23.17 | 17.61 | -40.16 | 195.52 | 87.66 | 31.03 |
| 21Q1 (18) | 1.48 | -18.23 | 7.25 | 1.46 | 124.62 | 23.73 | 61.53 | 22.16 | -6.73 | 62.37 | -55.11 | -19.08 | 19.70 | -50.93 | -44.22 | 104.19 | -30.15 | -3.29 |
| 20Q4 (17) | 1.81 | 285.11 | -24.9 | 0.65 | 195.45 | -10.96 | 50.37 | -74.09 | 33.43 | 138.95 | -66.96 | 10.74 | 40.15 | -74.43 | -16.21 | 149.17 | -67.42 | 29.36 |
| 20Q3 (16) | 0.47 | -45.98 | -21.67 | 0.22 | -80.0 | 120.0 | 194.38 | 85.41 | 28.32 | 420.55 | 406.08 | -53.11 | 157.04 | 305.58 | -51.55 | 457.89 | 206.86 | -36.78 |
| 20Q2 (15) | 0.87 | -36.96 | 123.08 | 1.10 | -6.78 | 86.44 | 104.84 | 58.92 | -55.28 | 83.10 | 7.81 | -46.45 | 38.72 | 9.63 | -63.86 | 149.22 | 38.51 | -47.17 |
| 20Q1 (14) | 1.38 | -42.74 | 15.0 | 1.18 | 61.64 | -35.52 | 65.97 | 74.75 | -13.0 | 77.08 | -38.57 | 55.03 | 35.32 | -26.29 | 7.49 | 107.73 | -6.57 | 16.24 |
| 19Q4 (13) | 2.41 | 301.67 | 10.05 | 0.73 | 630.0 | -28.43 | 37.75 | -75.08 | -9.17 | 125.47 | -86.01 | 40.05 | 47.92 | -85.22 | 33.33 | 115.31 | -84.08 | 21.1 |
| 19Q3 (12) | 0.60 | 53.85 | -13.04 | 0.10 | -83.05 | -23.08 | 151.48 | -35.38 | 15.25 | 896.90 | 477.94 | 30.96 | 324.13 | 202.56 | 25.06 | 724.26 | 156.4 | 30.0 |
| 19Q2 (11) | 0.39 | -67.5 | -18.75 | 0.59 | -67.76 | 25.53 | 234.42 | 209.14 | 23.72 | 155.19 | 212.13 | -19.52 | 107.13 | 226.02 | -12.26 | 282.47 | 204.78 | 8.55 |
| 19Q1 (10) | 1.20 | -45.21 | -31.82 | 1.83 | 79.41 | 3.39 | 75.83 | 82.46 | 46.62 | 49.72 | -44.5 | -3.34 | 32.86 | -8.57 | 11.77 | 92.68 | -2.67 | 25.67 |
| 18Q4 (9) | 2.19 | 217.39 | -3.95 | 1.02 | 684.62 | 45.71 | 41.56 | -68.38 | 3.98 | 89.59 | -86.92 | -31.55 | 35.94 | -86.13 | -35.87 | 95.22 | -82.91 | -17.07 |
| 18Q3 (8) | 0.69 | 43.75 | -42.98 | 0.13 | -72.34 | -7.14 | 131.44 | -30.63 | 74.14 | 684.86 | 255.14 | 4.23 | 259.18 | 112.27 | -12.85 | 557.11 | 114.09 | 28.03 |
| 18Q2 (7) | 0.48 | -72.73 | -38.46 | 0.47 | -73.45 | -6.0 | 189.47 | 266.34 | 61.59 | 192.84 | 274.88 | 6.84 | 122.10 | 315.31 | -14.53 | 260.22 | 252.84 | 68.01 |
| 18Q1 (6) | 1.76 | -22.81 | -29.88 | 1.77 | 152.86 | -12.38 | 51.72 | 29.4 | 42.52 | 51.44 | -60.7 | 13.98 | 29.40 | -47.54 | -0.84 | 73.75 | -35.77 | 42.43 |
| 17Q4 (5) | 2.28 | 88.43 | -22.18 | 0.70 | 400.0 | -16.67 | 39.97 | -47.05 | 28.69 | 130.89 | -80.08 | 20.51 | 56.04 | -81.16 | 35.95 | 114.82 | -73.61 | 16.63 |
| 17Q3 (4) | 1.21 | 55.13 | 0.0 | 0.14 | -72.0 | 0.0 | 75.48 | -35.62 | 0.0 | 657.05 | 264.04 | 0.0 | 297.39 | 108.17 | 0.0 | 435.14 | 180.95 | 0.0 |
| 17Q2 (3) | 0.78 | -68.92 | 0.0 | 0.50 | -75.25 | 0.0 | 117.25 | 223.09 | 0.0 | 180.49 | 299.93 | 0.0 | 142.86 | 381.82 | 0.0 | 154.88 | 199.11 | 0.0 |
| 17Q1 (2) | 2.51 | -14.33 | 0.0 | 2.02 | 140.48 | 0.0 | 36.29 | 16.84 | 0.0 | 45.13 | -58.45 | 0.0 | 29.65 | -28.07 | 0.0 | 51.78 | -47.4 | 0.0 |
| 16Q4 (1) | 2.93 | 0.0 | 0.0 | 0.84 | 0.0 | 0.0 | 31.06 | 0.0 | 0.0 | 108.61 | 0.0 | 0.0 | 41.22 | 0.0 | 0.0 | 98.45 | 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 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2020 (10) | 3.97 | 34.58 | 2.43 | -4.33 | 92.02 | -25.54 | 150.01 | 4.45 | 58.74 | -17.48 | 183.29 | -6.49 |
| 2019 (9) | 2.95 | -17.13 | 2.54 | -10.25 | 123.58 | 20.62 | 143.62 | 11.33 | 71.18 | 13.96 | 196.02 | 16.0 |
| 2018 (8) | 3.56 | -8.01 | 2.83 | 25.78 | 102.45 | 8.55 | 129.00 | -20.36 | 62.46 | -15.42 | 168.98 | -7.41 |
| 2017 (7) | 3.87 | -8.08 | 2.25 | -7.02 | 94.38 | 8.73 | 161.98 | 7.52 | 73.85 | 4.8 | 182.51 | 9.31 |
| 2016 (6) | 4.21 | -19.5 | 2.42 | -7.63 | 86.80 | 24.3 | 150.65 | 8.23 | 70.47 | -10.01 | 166.97 | 27.73 |
| 2015 (5) | 5.23 | -16.19 | 2.62 | 0.38 | 69.83 | 19.31 | 139.20 | -0.62 | 78.31 | 24.74 | 130.72 | -3.75 |
| 2014 (4) | 6.24 | 6.67 | 2.61 | 15.49 | 58.53 | -6.23 | 140.07 | -13.18 | 62.78 | 11.79 | 135.82 | -18.96 |
| 2013 (3) | 5.85 | -12.43 | 2.26 | -11.37 | 62.42 | 14.28 | 161.33 | 12.57 | 56.16 | -32.87 | 167.59 | 46.64 |
| 2012 (2) | 6.68 | 0 | 2.55 | 0 | 54.62 | 0 | 143.32 | 0 | 83.66 | 0 | 114.29 | 0 |
