- 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 | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 24Q1 (20) | 1.89 | -12.09 | 2.72 | 0.00 | 0 | 0 | 48.08 | 13.77 | -2.93 | 0.00 | 0 | 0 | 106.99 | 12.73 | 54.54 | -58.91 | -11.89 | -199.19 |
| 23Q4 (19) | 2.15 | -18.25 | 0.0 | 0.00 | 0 | 0 | 42.26 | 22.07 | 0.02 | 0.00 | 0 | 0 | 94.91 | 19.29 | 47.1 | -52.65 | -17.16 | -136.42 |
| 23Q3 (18) | 2.63 | -4.71 | -3.31 | 0.00 | 0 | 0 | 34.62 | 4.88 | 3.53 | 0.00 | 0 | 0 | 79.56 | 22.65 | 18.11 | -44.94 | -41.05 | -32.45 |
| 23Q2 (17) | 2.76 | 50.0 | -8.61 | 0.00 | 0 | 0 | 33.01 | -33.35 | 9.67 | 0.00 | 0 | 0 | 64.87 | -6.3 | -19.04 | -31.86 | -61.81 | 36.32 |
| 23Q1 (16) | 1.84 | -14.42 | -5.15 | 0.00 | 0 | 0 | 49.53 | 17.23 | 5.83 | 0.00 | 0 | 0 | 69.23 | 7.3 | -33.24 | -19.69 | 11.59 | 65.4 |
| 22Q4 (15) | 2.15 | -20.96 | 1.9 | 0.00 | 0 | 0 | 42.25 | 26.35 | -1.9 | 0.00 | 0 | 0 | 64.52 | -4.22 | -21.58 | -22.27 | 34.36 | 43.19 |
| 22Q3 (14) | 2.72 | -9.93 | 30.14 | 0.00 | 0 | 0 | 33.44 | 11.1 | -23.06 | 0.00 | 0 | 0 | 67.36 | -15.94 | -27.66 | -33.93 | 32.18 | 31.68 |
| 22Q2 (13) | 3.02 | 55.67 | 26.89 | 0.00 | 0 | 0 | 30.10 | -35.68 | -21.16 | 0.00 | 0 | 0 | 80.13 | -22.73 | -0.52 | -50.03 | 12.07 | -18.08 |
| 22Q1 (12) | 1.94 | -8.06 | -13.39 | 0.00 | 0 | 0 | 46.80 | 8.66 | 15.21 | 0.00 | 0 | 0 | 103.70 | 26.05 | 46.55 | -56.90 | -45.15 | -88.72 |
| 21Q4 (11) | 2.11 | 0.96 | 3.94 | 0.00 | 0 | -100.0 | 43.07 | -0.9 | -3.99 | 0.00 | 0 | -100.0 | 82.27 | -11.65 | 48.85 | -39.20 | 21.06 | -320.6 |
| 21Q3 (10) | 2.09 | -12.18 | 7.18 | 0.00 | 0 | -100.0 | 43.46 | 13.83 | -7.1 | 0.00 | 0 | -100.0 | 93.12 | 15.61 | 18.61 | -49.66 | -17.21 | -67.32 |
| 21Q2 (9) | 2.38 | 6.25 | -16.2 | 0.00 | 0 | -100.0 | 38.18 | -6.01 | 19.09 | 0.00 | 0 | -100.0 | 80.55 | 13.84 | -4.37 | -42.37 | -40.53 | 17.87 |
| 21Q1 (8) | 2.24 | 10.34 | -14.18 | 0.00 | -100.0 | 0 | 40.62 | -9.45 | 16.42 | 0.00 | -100.0 | 0 | 70.76 | 28.03 | -14.46 | -30.15 | -223.5 | 36.96 |
| 20Q4 (7) | 2.03 | 4.1 | -36.96 | 83.25 | 87.42 | 0 | 44.86 | -4.1 | 58.52 | 1.09 | -46.83 | 0 | 55.27 | -29.6 | -31.07 | -9.32 | 68.6 | 82.04 |
| 20Q3 (6) | 1.95 | -31.34 | -58.42 | 44.42 | -71.55 | 0 | 46.78 | 45.91 | 141.38 | 2.05 | 253.45 | 0 | 78.51 | -6.79 | -7.87 | -29.68 | 42.47 | 54.92 |
| 20Q2 (5) | 2.84 | 8.81 | -29.7 | 156.13 | 0 | 0 | 32.06 | -8.11 | 42.49 | 0.58 | 0 | 0 | 84.23 | 1.83 | 22.39 | -51.59 | -7.86 | -11.38 |
| 20Q1 (4) | 2.61 | -18.94 | 0.0 | 0.00 | 0 | 0.0 | 34.89 | 23.29 | 0.0 | 0.00 | 0 | 0.0 | 82.72 | 3.17 | 0.0 | -47.83 | 7.81 | 0.0 |
| 19Q4 (3) | 3.22 | -31.34 | 0.0 | 0.00 | 0 | 0.0 | 28.30 | 46.03 | 0.0 | 0.00 | 0 | 0.0 | 80.18 | -5.91 | 0.0 | -51.88 | 21.2 | 0.0 |
| 19Q3 (2) | 4.69 | 16.09 | 0.0 | 0.00 | 0 | 0.0 | 19.38 | -13.87 | 0.0 | 0.00 | 0 | 0.0 | 85.22 | 23.83 | 0.0 | -65.84 | -42.14 | 0.0 |
| 19Q2 (1) | 4.04 | 0.0 | 0.0 | 0.00 | 0.0 | 0.0 | 22.50 | 0.0 | 0.0 | 0.00 | 0.0 | 0.0 | 68.82 | 0.0 | 0.0 | -46.32 | 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) | 6.53 | 10.12 | 0.00 | 0 | 55.85 | -9.3 | 0.00 | 0 | 94.01 | 2.25 | -38.15 | 0 |
| 2022 (9) | 5.93 | -15.29 | 0.00 | 0 | 61.58 | 18.17 | 0.00 | 0 | 91.94 | 18.86 | -30.36 | 0 |
| 2021 (8) | 7.00 | 6.06 | 0.00 | 0 | 52.11 | -5.79 | 0.00 | 0 | 77.35 | 12.92 | -25.25 | 0 |
| 2020 (7) | 6.60 | -12.7 | 0.00 | 0 | 55.31 | 14.58 | 0.00 | 0 | 68.50 | -43.83 | -13.19 | 0 |
| 2019 (6) | 7.56 | 47.08 | 799.03 | 22.22 | 48.27 | -31.99 | 0.46 | -17.86 | 121.95 | -17.58 | -73.22 | 0 |
| 2018 (5) | 5.14 | -23.51 | 653.77 | 45.61 | 70.97 | 30.75 | 0.56 | -30.86 | 147.97 | 161.62 | -76.45 | 0 |
| 2017 (4) | 6.72 | 24.91 | 449.00 | 118.17 | 54.28 | -19.98 | 0.81 | -54.24 | 56.56 | -38.56 | -1.46 | 0 |
| 2016 (3) | 5.38 | -17.48 | 205.80 | -47.53 | 67.83 | 21.1 | 1.77 | 90.32 | 92.05 | -26.02 | -22.45 | 0 |
| 2015 (2) | 6.52 | 0 | 392.24 | 0 | 56.01 | 0 | 0.93 | 0 | 124.42 | 0 | -67.48 | 0 |
