- 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) | 6.78 | 4.63 | 23.72 | 11.41 | -4.84 | -8.65 | 13.43 | -4.34 | -19.15 | 7.97 | 5.01 | 9.33 | 2.61 | -39.02 | -39.86 | 18.79 | 8.3 | -3.94 |
| 23Q3 (19) | 6.48 | 19.56 | 24.86 | 11.99 | -1.56 | -15.92 | 14.04 | -16.38 | -19.86 | 7.59 | 1.61 | 18.97 | 4.28 | 14.13 | -14.4 | 17.35 | -15.41 | -8.25 |
| 23Q2 (18) | 5.42 | -12.44 | 27.83 | 12.18 | 3.4 | -20.96 | 16.79 | 14.14 | -21.83 | 7.47 | -3.36 | 26.4 | 3.75 | 59.57 | -5.3 | 20.51 | 2.09 | -12.46 |
| 23Q1 (17) | 6.19 | 12.96 | 43.95 | 11.78 | -5.68 | -25.4 | 14.71 | -11.44 | -30.48 | 7.73 | 6.04 | 34.2 | 2.35 | -45.85 | -27.69 | 20.09 | 2.71 | -15.12 |
| 22Q4 (16) | 5.48 | 5.59 | 40.15 | 12.49 | -12.41 | -6.51 | 16.61 | -5.19 | -28.56 | 7.29 | 14.26 | 7.05 | 4.34 | -13.2 | 20.22 | 19.56 | 3.44 | -26.08 |
| 22Q3 (15) | 5.19 | 22.41 | 42.98 | 14.26 | -7.46 | 19.33 | 17.52 | -18.44 | -30.12 | 6.38 | 7.95 | -16.16 | 5.00 | 26.26 | 12.87 | 18.91 | -19.29 | -33.06 |
| 22Q2 (14) | 4.24 | -1.4 | 44.22 | 15.41 | -2.41 | 60.35 | 21.48 | 1.51 | -30.58 | 5.91 | 2.6 | -37.59 | 3.96 | 21.85 | -17.15 | 23.43 | -1.01 | -34.24 |
| 22Q1 (13) | 4.30 | 9.97 | 43.33 | 15.79 | 18.19 | 109.69 | 21.16 | -8.99 | -30.23 | 5.76 | -15.42 | -52.32 | 3.25 | -9.97 | -39.48 | 23.67 | -10.54 | -36.1 |
| 21Q4 (12) | 3.91 | 7.71 | 24.92 | 13.36 | 11.8 | 32.28 | 23.25 | -7.26 | -20.1 | 6.81 | -10.51 | -24.42 | 3.61 | -18.51 | -17.58 | 26.46 | -6.34 | -21.55 |
| 21Q3 (11) | 3.63 | 23.47 | 15.97 | 11.95 | 24.35 | 19.86 | 25.07 | -18.97 | -13.67 | 7.61 | -19.64 | -16.65 | 4.43 | -7.32 | -5.94 | 28.25 | -20.71 | -15.6 |
| 21Q2 (10) | 2.94 | -2.0 | 13.95 | 9.61 | 27.62 | 14.81 | 30.94 | 2.01 | -12.28 | 9.47 | -21.61 | -12.88 | 4.78 | -10.99 | -2.25 | 35.63 | -3.81 | -13.6 |
| 21Q1 (9) | 3.00 | -4.15 | 16.73 | 7.53 | -25.45 | -14.63 | 30.33 | 4.23 | -14.44 | 12.08 | 34.07 | 17.05 | 5.37 | 22.6 | 32.27 | 37.04 | 9.81 | -11.2 |
| 20Q4 (8) | 3.13 | 0.0 | -20.56 | 10.10 | 1.3 | 1.2 | 29.10 | 0.21 | 25.87 | 9.01 | -1.31 | -1.21 | 4.38 | -7.01 | -29.58 | 33.73 | 0.78 | 29.68 |
| 20Q3 (7) | 3.13 | 21.32 | -46.03 | 9.97 | 19.12 | -14.86 | 29.04 | -17.66 | 85.2 | 9.13 | -16.01 | 17.5 | 4.71 | -3.68 | -22.41 | 33.47 | -18.84 | 92.47 |
| 20Q2 (6) | 2.58 | 0.39 | -39.01 | 8.37 | -5.1 | -30.88 | 35.27 | -0.51 | 63.82 | 10.87 | 5.33 | 44.55 | 4.89 | 20.44 | -34.19 | 41.24 | -1.13 | 90.84 |
| 20Q1 (5) | 2.57 | -34.77 | -32.55 | 8.82 | -11.62 | -6.96 | 35.45 | 53.33 | 48.45 | 10.32 | 13.16 | 7.5 | 4.06 | -34.73 | -61.88 | 41.71 | 60.36 | 82.78 |
| 19Q4 (4) | 3.94 | -32.07 | 0.0 | 9.98 | -14.77 | 0.0 | 23.12 | 47.45 | 0.0 | 9.12 | 17.37 | 0.0 | 6.22 | 2.47 | 0.0 | 26.01 | 49.57 | 0.0 |
| 19Q3 (3) | 5.80 | 37.12 | 0.0 | 11.71 | -3.3 | 0.0 | 15.68 | -27.17 | 0.0 | 7.77 | 3.32 | 0.0 | 6.07 | -18.3 | 0.0 | 17.39 | -19.53 | 0.0 |
| 19Q2 (2) | 4.23 | 11.02 | 0.0 | 12.11 | 27.74 | 0.0 | 21.53 | -9.84 | 0.0 | 7.52 | -21.67 | 0.0 | 7.43 | -30.23 | 0.0 | 21.61 | -5.3 | 0.0 |
| 19Q1 (1) | 3.81 | 0.0 | 0.0 | 9.48 | 0.0 | 0.0 | 23.88 | 0.0 | 0.0 | 9.60 | 0.0 | 0.0 | 10.65 | 0.0 | 0.0 | 22.82 | 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) | 25.30 | 35.8 | 48.53 | -6.87 | 14.43 | -26.34 | 7.52 | 7.43 | 2.46 | -20.65 | 19.49 | -17.06 |
| 2022 (9) | 18.63 | 42.98 | 52.11 | 18.57 | 19.59 | -30.04 | 7.00 | -15.66 | 3.10 | -23.46 | 23.50 | -27.15 |
| 2021 (8) | 13.03 | 15.41 | 43.95 | 22.94 | 28.00 | -13.39 | 8.30 | -18.71 | 4.05 | -9.6 | 32.26 | -15.24 |
| 2020 (7) | 11.29 | -12.41 | 35.75 | -9.31 | 32.33 | 14.16 | 10.21 | 10.26 | 4.48 | -16.57 | 38.06 | 18.16 |
| 2019 (6) | 12.89 | -22.16 | 39.42 | 82.25 | 28.32 | 28.44 | 9.26 | -45.14 | 5.37 | -58.24 | 32.21 | 23.6 |
| 2018 (5) | 16.56 | 21.32 | 21.63 | 323.29 | 22.05 | -17.57 | 16.88 | -76.39 | 12.86 | -66.74 | 26.06 | -56.25 |
| 2017 (4) | 13.65 | -26.49 | 5.11 | 84.48 | 26.75 | 36.06 | 71.48 | -45.77 | 38.66 | -15.9 | 59.57 | -43.53 |
| 2016 (3) | 18.57 | -18.09 | 2.77 | 11.24 | 19.66 | 22.11 | 131.80 | -10.26 | 45.97 | -22.43 | 105.49 | 1.72 |
| 2015 (2) | 22.67 | 30.44 | 2.49 | 40.68 | 16.10 | -23.33 | 146.87 | -28.78 | 59.26 | -35.12 | 103.71 | -23.68 |
| 2014 (1) | 17.38 | -25.22 | 1.77 | -72.04 | 21.00 | 33.67 | 206.23 | 257.79 | 91.34 | 112.96 | 135.89 | 346.13 |
