- 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) | 1.91 | -2.05 | 0.53 | 1.87 | -7.43 | 14.02 | 47.74 | 2.12 | -0.15 | 48.67 | 7.92 | -12.02 | 18.20 | -5.94 | -6.81 | 78.21 | 7.86 | -6.45 |
| 23Q3 (19) | 1.95 | -11.76 | -16.31 | 2.02 | -7.34 | 10.38 | 46.75 | 13.28 | 19.93 | 45.10 | 8.28 | -9.46 | 19.35 | 4.09 | 16.99 | 72.51 | 12.7 | 0.36 |
| 23Q2 (18) | 2.21 | 13.33 | -4.74 | 2.18 | 23.86 | 27.49 | 41.27 | -11.72 | 5.2 | 41.65 | -19.35 | -21.73 | 18.59 | -4.91 | 32.03 | 64.34 | -18.4 | -17.9 |
| 23Q1 (17) | 1.95 | 2.63 | -2.01 | 1.76 | 7.32 | 14.29 | 46.75 | -2.22 | 2.48 | 51.64 | -6.65 | -12.49 | 19.55 | 0.1 | 32.09 | 78.85 | -5.68 | -12.22 |
| 22Q4 (16) | 1.90 | -18.45 | -12.84 | 1.64 | -10.38 | -6.29 | 47.81 | 22.65 | 14.73 | 55.32 | 11.06 | 6.51 | 19.53 | 18.08 | 43.08 | 83.60 | 15.71 | 4.55 |
| 22Q3 (15) | 2.33 | 0.43 | -3.32 | 1.83 | 7.02 | -5.67 | 38.98 | -0.64 | 3.07 | 49.81 | -6.39 | 6.3 | 16.54 | 17.47 | 21.44 | 72.25 | -7.81 | 1.66 |
| 22Q2 (14) | 2.32 | 16.58 | -11.45 | 1.71 | 11.04 | -17.79 | 39.23 | -14.01 | 13.02 | 53.21 | -9.83 | 21.6 | 14.08 | -4.86 | 6.91 | 78.37 | -12.76 | 20.02 |
| 22Q1 (13) | 1.99 | -8.72 | -18.11 | 1.54 | -12.0 | -20.21 | 45.62 | 9.48 | 21.69 | 59.01 | 13.61 | 25.1 | 14.80 | 8.42 | -3.08 | 89.83 | 12.34 | 29.46 |
| 21Q4 (12) | 2.18 | -9.54 | 13.54 | 1.75 | -9.79 | -9.79 | 41.67 | 10.18 | -12.22 | 51.94 | 10.84 | 10.77 | 13.65 | 0.22 | -31.23 | 79.96 | 12.51 | 7.33 |
| 21Q3 (11) | 2.41 | -8.02 | -0.41 | 1.94 | -6.73 | -16.38 | 37.82 | 8.96 | 0.37 | 46.86 | 7.08 | 19.3 | 13.62 | 3.42 | -11.39 | 71.07 | 8.84 | 15.39 |
| 21Q2 (10) | 2.62 | 7.82 | 19.09 | 2.08 | 7.77 | 6.12 | 34.71 | -7.42 | -16.06 | 43.76 | -7.23 | -5.55 | 13.17 | -13.75 | -14.81 | 65.30 | -5.89 | -9.57 |
| 21Q1 (9) | 2.43 | 26.56 | 40.46 | 1.93 | -0.52 | 19.88 | 37.49 | -21.02 | -28.85 | 47.17 | 0.6 | -16.59 | 15.27 | -23.07 | -14.88 | 69.39 | -6.86 | -24.01 |
| 20Q4 (8) | 1.92 | -20.66 | -1.54 | 1.94 | -16.38 | 7.78 | 47.47 | 25.98 | 1.52 | 46.89 | 19.37 | -7.24 | 19.85 | 29.15 | 24.3 | 74.50 | 20.96 | -8.41 |
| 20Q3 (7) | 2.42 | 10.0 | 10.5 | 2.32 | 18.37 | 26.09 | 37.68 | -8.88 | -9.31 | 39.28 | -15.22 | -20.66 | 15.37 | -0.58 | -4.77 | 61.59 | -14.71 | -17.79 |
| 20Q2 (6) | 2.20 | 27.17 | 5.26 | 1.96 | 21.74 | 10.73 | 41.35 | -21.52 | -4.88 | 46.33 | -18.07 | -9.85 | 15.46 | -13.82 | -7.98 | 72.21 | -20.92 | -7.49 |
| 20Q1 (5) | 1.73 | -11.28 | -5.98 | 1.61 | -10.56 | -11.05 | 52.69 | 12.68 | 6.51 | 56.55 | 11.87 | 12.74 | 17.94 | 12.34 | 15.22 | 91.31 | 12.26 | 8.62 |
| 19Q4 (4) | 1.95 | -10.96 | 0.0 | 1.80 | -2.17 | 0.0 | 46.76 | 12.54 | 0.0 | 50.55 | 2.1 | 0.0 | 15.97 | -1.05 | 0.0 | 81.34 | 8.57 | 0.0 |
| 19Q3 (3) | 2.19 | 4.78 | 0.0 | 1.84 | 3.95 | 0.0 | 41.55 | -4.42 | 0.0 | 49.51 | -3.66 | 0.0 | 16.14 | -3.93 | 0.0 | 74.92 | -4.02 | 0.0 |
| 19Q2 (2) | 2.09 | 13.59 | 0.0 | 1.77 | -2.21 | 0.0 | 43.47 | -12.13 | 0.0 | 51.39 | 2.45 | 0.0 | 16.80 | 7.9 | 0.0 | 78.06 | -7.14 | 0.0 |
| 19Q1 (1) | 1.84 | 0.0 | 0.0 | 1.81 | 0.0 | 0.0 | 49.47 | 0.0 | 0.0 | 50.16 | 0.0 | 0.0 | 15.57 | 0.0 | 0.0 | 84.06 | 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) | 7.93 | -8.32 | 7.21 | 0.84 | 46.04 | 9.1 | 50.61 | -0.86 | 17.66 | 13.57 | 78.98 | 1.65 |
| 2022 (9) | 8.65 | -11.73 | 7.15 | -12.48 | 42.20 | 13.32 | 51.05 | 14.23 | 15.55 | 6.95 | 77.70 | 15.3 |
| 2021 (8) | 9.80 | 12.39 | 8.17 | 7.22 | 37.24 | -11.04 | 44.69 | -6.74 | 14.54 | -15.71 | 67.39 | -7.09 |
| 2020 (7) | 8.72 | 6.99 | 7.62 | -1.93 | 41.86 | -6.48 | 47.92 | 1.96 | 17.25 | 18.64 | 72.53 | -6.09 |
| 2019 (6) | 8.15 | -8.22 | 7.77 | -6.5 | 44.76 | 8.96 | 47.00 | 7.04 | 14.54 | -1.49 | 77.23 | 9.95 |
| 2018 (5) | 8.88 | -4.41 | 8.31 | 3.23 | 41.08 | 4.56 | 43.91 | -3.13 | 14.76 | -7.69 | 70.24 | 2.35 |
| 2017 (4) | 9.29 | -4.82 | 8.05 | 3.74 | 39.29 | 5.11 | 45.33 | -3.61 | 15.99 | 9.6 | 68.63 | -1.72 |
| 2016 (3) | 9.76 | -2.3 | 7.76 | 5.29 | 37.38 | 2.3 | 47.03 | -5.1 | 14.59 | 38.16 | 69.83 | -7.56 |
| 2015 (2) | 9.99 | 9.9 | 7.37 | 12.52 | 36.54 | -9.01 | 49.56 | -11.02 | 10.56 | -18.2 | 75.54 | -8.93 |
| 2014 (1) | 9.09 | 2.02 | 6.55 | 8.62 | 40.16 | -1.98 | 55.70 | -7.96 | 12.91 | -14.45 | 82.95 | -3.99 |
