- 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) | 1.57 | 18.94 | 4.67 | 1.84 | 44.88 | 27.78 | 57.83 | -16.26 | -4.4 | 49.55 | -30.89 | -21.34 | 17.73 | -36.31 | 3.93 | 89.64 | -20.62 | -15.77 |
| 23Q4 (19) | 1.32 | -8.33 | 0.0 | 1.27 | -18.06 | -0.78 | 69.06 | 9.08 | 0.51 | 71.70 | 22.17 | 1.03 | 27.84 | 26.43 | 36.34 | 112.92 | 12.94 | -5.32 |
| 23Q3 (18) | 1.44 | 9.92 | -2.04 | 1.55 | 17.42 | 4.03 | 63.31 | -8.92 | 2.54 | 58.69 | -14.95 | -3.74 | 22.02 | -2.57 | 0.55 | 99.98 | -13.75 | -0.82 |
| 23Q2 (17) | 1.31 | -12.67 | 22.43 | 1.32 | -8.33 | -3.65 | 69.51 | 14.91 | -17.92 | 69.01 | 9.56 | 3.6 | 22.60 | 32.47 | -9.16 | 115.92 | 8.93 | -8.31 |
| 23Q1 (16) | 1.50 | 13.64 | -3.23 | 1.44 | 12.5 | -18.64 | 60.49 | -11.96 | 2.73 | 62.99 | -11.24 | 22.84 | 17.06 | -16.45 | -2.63 | 106.42 | -10.77 | 14.87 |
| 22Q4 (15) | 1.32 | -10.2 | -0.75 | 1.28 | -14.09 | 0.0 | 68.71 | 11.29 | 0.75 | 70.97 | 16.4 | 0.07 | 20.42 | -6.76 | -16.79 | 119.26 | 18.3 | 4.08 |
| 22Q3 (14) | 1.47 | 37.38 | -19.67 | 1.49 | 8.76 | -16.76 | 61.74 | -27.1 | 24.3 | 60.97 | -8.47 | 19.64 | 21.90 | -11.98 | 8.52 | 100.81 | -20.26 | 25.32 |
| 22Q2 (13) | 1.07 | -30.97 | 25.88 | 1.37 | -22.6 | 9.6 | 84.69 | 43.83 | -20.98 | 66.61 | 29.89 | -8.14 | 24.88 | 42.01 | -8.73 | 126.42 | 36.46 | -17.05 |
| 22Q1 (12) | 1.55 | 16.54 | 12.32 | 1.77 | 38.28 | -18.43 | 58.88 | -13.67 | -10.73 | 51.28 | -27.69 | 22.01 | 17.52 | -28.61 | 1.33 | 92.64 | -19.15 | 2.14 |
| 21Q4 (11) | 1.33 | -27.32 | 33.0 | 1.28 | -28.49 | -18.99 | 68.20 | 37.31 | -25.17 | 70.92 | 39.17 | 23.34 | 24.54 | 21.61 | -9.71 | 114.58 | 42.44 | -5.67 |
| 21Q3 (10) | 1.83 | 115.29 | 53.78 | 1.79 | 43.2 | -2.19 | 49.67 | -53.65 | -34.82 | 50.96 | -29.72 | 2.74 | 20.18 | -25.97 | -6.66 | 80.44 | -47.22 | -22.79 |
| 21Q2 (9) | 0.85 | -38.41 | 13.33 | 1.25 | -42.4 | 16.82 | 107.17 | 62.48 | -11.58 | 72.51 | 72.52 | -15.13 | 27.26 | 57.66 | -11.23 | 152.41 | 68.04 | -13.37 |
| 21Q1 (8) | 1.38 | 38.0 | -9.21 | 2.17 | 37.34 | 19.89 | 65.96 | -27.63 | 10.03 | 42.03 | -26.9 | -16.17 | 17.29 | -36.39 | 10.06 | 90.70 | -25.33 | -3.9 |
| 20Q4 (7) | 1.00 | -15.97 | -20.63 | 1.58 | -13.66 | -1.86 | 91.14 | 19.61 | 26.11 | 57.50 | 15.93 | 1.73 | 27.18 | 25.72 | 55.23 | 121.47 | 16.6 | 9.16 |
| 20Q3 (6) | 1.19 | 58.67 | -26.54 | 1.83 | 71.03 | -12.86 | 76.20 | -37.13 | 35.66 | 49.60 | -41.95 | 14.29 | 21.62 | -29.6 | 55.99 | 104.18 | -40.78 | 21.54 |
| 20Q2 (5) | 0.75 | -50.66 | -38.52 | 1.07 | -40.88 | -29.61 | 121.20 | 102.17 | 62.6 | 85.44 | 70.4 | 42.42 | 30.71 | 95.48 | 34.81 | 175.93 | 86.41 | 57.43 |
| 20Q1 (4) | 1.52 | 20.63 | 0.0 | 1.81 | 12.42 | 0.0 | 59.95 | -17.05 | 0.0 | 50.14 | -11.29 | 0.0 | 15.71 | -10.28 | 0.0 | 94.38 | -15.19 | 0.0 |
| 19Q4 (3) | 1.26 | -22.22 | 0.0 | 1.61 | -23.33 | 0.0 | 72.27 | 28.66 | 0.0 | 56.52 | 30.23 | 0.0 | 17.51 | 26.33 | 0.0 | 111.28 | 29.82 | 0.0 |
| 19Q3 (2) | 1.62 | 32.79 | 0.0 | 2.10 | 38.16 | 0.0 | 56.17 | -24.64 | 0.0 | 43.40 | -27.65 | 0.0 | 13.86 | -39.16 | 0.0 | 85.72 | -23.29 | 0.0 |
| 19Q2 (1) | 1.22 | 0.0 | 0.0 | 1.52 | 0.0 | 0.0 | 74.54 | 0.0 | 0.0 | 59.99 | 0.0 | 0.0 | 22.78 | 0.0 | 0.0 | 111.75 | 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) | 5.49 | -15.02 | 4.70 | -14.86 | 66.49 | 17.72 | 77.67 | 17.38 | 22.04 | 30.11 | 122.12 | 15.52 |
| 2022 (9) | 6.46 | 21.89 | 5.52 | 10.62 | 56.48 | -18.0 | 66.17 | -9.46 | 16.94 | -33.44 | 105.71 | -9.27 |
| 2021 (8) | 5.30 | -2.93 | 4.99 | -14.41 | 68.88 | 2.96 | 73.08 | 16.72 | 25.45 | 16.1 | 116.51 | 8.29 |
| 2020 (7) | 5.46 | -10.49 | 5.83 | -12.72 | 66.90 | 11.8 | 62.61 | 14.65 | 21.92 | 23.7 | 107.59 | 11.24 |
| 2019 (6) | 6.10 | -2.56 | 6.68 | -8.49 | 59.84 | 2.68 | 54.61 | 9.2 | 17.72 | -15.74 | 96.72 | 10.83 |
| 2018 (5) | 6.26 | 1.29 | 7.30 | 2.38 | 58.28 | -1.32 | 50.01 | -2.32 | 21.03 | -13.46 | 87.27 | 1.52 |
| 2017 (4) | 6.18 | -4.48 | 7.13 | 10.2 | 59.06 | 4.7 | 51.20 | -9.28 | 24.30 | -3.26 | 85.96 | -2.03 |
| 2016 (3) | 6.47 | -0.61 | 6.47 | 27.36 | 56.41 | 0.53 | 56.44 | -21.46 | 25.12 | 0.68 | 87.74 | -14.83 |
| 2015 (2) | 6.51 | -4.69 | 5.08 | 37.3 | 56.11 | 4.96 | 71.86 | -27.13 | 24.95 | -4.99 | 103.02 | -18.11 |
| 2014 (1) | 6.83 | -3.12 | 3.70 | 25.42 | 53.46 | 3.32 | 98.61 | -20.41 | 26.26 | -19.6 | 125.80 | -12.02 |
