- 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
- 當存貨提列減損損失，虧損認列在該年度，但是存貨價格回升後，之後年度也會直接回沖增加EPS，這種情況很容易在記憶體模組廠見到
- 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 | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 22Q4 (20) | 1.32 | 0.0 | -45.23 | 0.20 | -45.95 | -83.74 | 69.02 | 0.03 | 82.88 | 453.25 | 82.5 | 512.58 | 107.63 | 5.29 | 52.52 | 414.64 | 92.73 | 907.39 |
| 22Q3 (19) | 1.32 | -38.6 | -31.96 | 0.37 | -53.75 | -63.73 | 69.00 | 63.12 | 47.0 | 248.36 | 117.14 | 177.75 | 102.22 | 14.21 | 18.13 | 215.14 | 220.24 | 331.75 |
| 22Q2 (18) | 2.15 | -0.46 | 5.39 | 0.80 | -28.57 | -44.06 | 42.30 | 0.62 | -5.11 | 114.38 | 40.9 | 79.76 | 89.50 | 7.69 | 40.06 | 67.18 | 67.49 | 51.61 |
| 22Q1 (17) | 2.16 | -10.37 | 5.88 | 1.12 | -8.94 | -15.79 | 42.04 | 11.39 | -5.57 | 81.18 | 9.72 | 19.07 | 83.11 | 17.77 | 17.82 | 40.11 | -2.55 | -4.86 |
| 21Q4 (16) | 2.41 | 24.23 | 2.12 | 1.23 | 20.59 | -16.89 | 37.74 | -19.6 | -2.15 | 73.99 | -17.26 | 20.19 | 70.57 | -18.44 | 6.81 | 41.16 | -17.4 | 20.85 |
| 21Q3 (15) | 1.94 | -4.9 | -19.17 | 1.02 | -28.67 | -32.0 | 46.94 | 5.29 | 23.95 | 89.42 | 40.53 | 46.93 | 86.53 | 35.41 | 39.84 | 49.83 | 12.46 | 35.22 |
| 21Q2 (14) | 2.04 | 0.0 | -33.55 | 1.43 | 7.52 | 5.93 | 44.58 | 0.13 | 50.35 | 63.63 | -6.67 | -5.87 | 63.90 | -9.41 | 12.12 | 44.31 | 5.1 | 10.06 |
| 21Q1 (13) | 2.04 | -13.56 | -0.49 | 1.33 | -10.14 | 49.44 | 44.52 | 15.43 | 0.45 | 68.18 | 10.75 | -33.55 | 70.54 | 6.77 | -17.7 | 42.16 | 23.78 | -31.13 |
| 20Q4 (12) | 2.36 | -1.67 | 10.8 | 1.48 | -1.33 | 11.28 | 38.57 | 1.85 | -9.61 | 61.56 | 1.15 | -9.86 | 66.07 | 6.77 | -6.32 | 34.06 | -7.57 | -15.76 |
| 20Q3 (11) | 2.40 | -21.82 | 12.15 | 1.50 | 11.11 | 11.94 | 37.87 | 27.72 | -10.87 | 60.86 | -9.97 | -10.43 | 61.88 | 8.58 | -4.33 | 36.85 | -8.47 | -19.47 |
| 20Q2 (10) | 3.07 | 49.76 | 36.44 | 1.35 | 51.69 | 16.38 | 29.65 | -33.1 | -26.75 | 67.60 | -34.11 | -14.14 | 56.99 | -33.51 | -5.69 | 40.26 | -34.24 | -31.51 |
| 20Q1 (9) | 2.05 | -3.76 | 10.22 | 0.89 | -33.08 | -14.42 | 44.32 | 3.87 | -9.33 | 102.60 | 50.24 | 17.3 | 85.71 | 21.52 | 39.96 | 61.22 | 51.42 | -18.5 |
| 19Q4 (8) | 2.13 | -0.47 | 19.66 | 1.33 | -0.75 | 22.02 | 42.67 | 0.42 | -16.38 | 68.29 | 0.5 | -18.26 | 70.53 | 9.04 | 29.32 | 40.43 | -11.65 | -49.48 |
| 19Q3 (7) | 2.14 | -4.89 | 1.42 | 1.34 | 15.52 | 31.37 | 42.49 | 4.97 | -1.51 | 67.95 | -13.69 | -23.76 | 64.68 | 7.03 | -0.68 | 45.76 | -22.15 | -31.85 |
| 19Q2 (6) | 2.25 | 20.97 | 2.27 | 1.16 | 11.54 | 14.85 | 40.48 | -17.18 | -2.27 | 78.73 | -9.99 | -12.97 | 60.43 | -1.32 | -15.48 | 58.78 | -21.75 | -2.63 |
| 19Q1 (5) | 1.86 | 4.49 | -12.26 | 1.04 | -4.59 | -5.45 | 48.88 | -4.21 | 13.78 | 87.47 | 4.69 | 5.58 | 61.24 | 12.28 | -14.25 | 75.12 | -6.14 | 38.11 |
| 18Q4 (4) | 1.78 | -15.64 | 0.0 | 1.09 | 6.86 | 0.0 | 51.03 | 18.29 | 0.0 | 83.55 | -6.26 | 0.0 | 54.54 | -16.25 | 0.0 | 80.03 | 19.18 | 0.0 |
| 18Q3 (3) | 2.11 | -4.09 | 0.0 | 1.02 | 0.99 | 0.0 | 43.14 | 4.15 | 0.0 | 89.13 | -1.47 | 0.0 | 65.12 | -8.92 | 0.0 | 67.15 | 11.23 | 0.0 |
| 18Q2 (2) | 2.20 | 3.77 | 0.0 | 1.01 | -8.18 | 0.0 | 41.42 | -3.58 | 0.0 | 90.46 | 9.19 | 0.0 | 71.50 | 0.11 | 0.0 | 60.37 | 10.99 | 0.0 |
| 18Q1 (1) | 2.12 | 0.0 | 0.0 | 1.10 | 0.0 | 0.0 | 42.96 | 0.0 | 0.0 | 82.85 | 0.0 | 0.0 | 71.42 | 0.0 | 0.0 | 54.39 | 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 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2022 (10) | 8.18 | 13.14 | 2.29 | -46.5 | 44.60 | -11.68 | 159.68 | 87.11 | 73.87 | -18.85 | 130.41 | 190.96 |
| 2021 (9) | 7.23 | -23.33 | 4.28 | -29.02 | 50.50 | 30.46 | 85.34 | 41.08 | 91.03 | 41.13 | 44.82 | 29.2 |
| 2020 (8) | 9.43 | 22.95 | 6.03 | 25.63 | 38.71 | -18.61 | 60.49 | -20.43 | 64.50 | 5.13 | 34.69 | -44.26 |
| 2019 (7) | 7.67 | -4.48 | 4.80 | -4.95 | 47.56 | 4.64 | 76.02 | 5.22 | 61.35 | 3.65 | 62.24 | 6.39 |
| 2018 (6) | 8.03 | 8.81 | 5.05 | 13.48 | 45.45 | -8.11 | 72.25 | -11.92 | 59.19 | -5.67 | 58.50 | -14.91 |
| 2017 (5) | 7.38 | -42.61 | 4.45 | -36.79 | 49.46 | 74.22 | 82.03 | 58.15 | 62.75 | 105.4 | 68.75 | 38.27 |
| 2016 (4) | 12.86 | 0 | 7.04 | 0 | 28.39 | 0 | 51.87 | 0 | 30.55 | 0 | 49.72 | 0 |
