- 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) | 1.45 | -22.46 | -10.49 | 0.66 | -13.16 | 100.0 | 62.71 | 28.74 | 11.54 | 138.31 | 14.76 | -49.36 | 44.32 | 34.55 | 43.71 | 156.69 | 14.96 | -47.51 |
| 23Q4 (19) | 1.87 | 3.31 | -2.09 | 0.76 | 20.63 | 80.95 | 48.71 | -3.14 | 2.18 | 120.52 | -16.93 | -44.72 | 32.94 | 14.89 | 5.04 | 136.30 | -18.24 | -41.84 |
| 23Q3 (18) | 1.81 | -10.4 | 11.04 | 0.63 | 28.57 | 53.66 | 50.29 | 11.51 | -9.71 | 145.08 | -22.66 | -34.39 | 28.67 | 9.09 | -48.43 | 166.70 | -19.23 | -24.65 |
| 23Q2 (17) | 2.02 | 24.69 | 15.43 | 0.49 | 48.48 | -3.92 | 45.10 | -19.78 | -13.42 | 187.58 | -31.32 | 5.21 | 26.28 | -14.79 | -58.96 | 206.40 | -30.86 | 24.08 |
| 23Q1 (16) | 1.62 | -15.18 | -19.0 | 0.33 | -21.43 | -58.23 | 56.22 | 17.94 | 23.83 | 273.13 | 25.27 | 137.88 | 30.84 | -1.66 | -51.3 | 298.51 | 27.38 | 208.03 |
| 22Q4 (15) | 1.91 | 17.18 | -29.52 | 0.42 | 2.44 | -70.83 | 47.67 | -14.42 | 41.96 | 218.03 | -1.39 | 244.44 | 31.36 | -43.59 | -32.73 | 234.34 | 5.93 | 366.26 |
| 22Q3 (14) | 1.63 | -6.86 | -43.21 | 0.41 | -19.61 | -74.05 | 55.70 | 6.93 | 75.71 | 221.11 | 24.02 | 282.81 | 55.59 | -13.19 | 47.73 | 221.22 | 32.99 | 326.82 |
| 22Q2 (13) | 1.75 | -12.5 | -30.83 | 0.51 | -35.44 | -63.31 | 52.09 | 14.74 | 45.02 | 178.29 | 55.28 | 171.87 | 64.04 | 1.14 | 49.63 | 166.34 | 71.64 | 183.37 |
| 22Q1 (12) | 2.00 | -26.2 | 6.38 | 0.79 | -45.14 | -39.23 | 45.40 | 35.2 | -6.43 | 114.82 | 81.39 | 64.62 | 63.32 | 35.82 | 18.4 | 96.91 | 92.82 | 49.55 |
| 21Q4 (11) | 2.71 | -5.57 | 11.07 | 1.44 | -8.86 | -5.88 | 33.58 | 5.93 | -10.07 | 63.30 | 9.59 | 6.33 | 46.62 | 23.89 | 7.54 | 50.26 | -3.03 | -6.09 |
| 21Q3 (10) | 2.87 | 13.44 | 35.38 | 1.58 | 13.67 | 50.48 | 31.70 | -11.75 | -26.06 | 57.76 | -11.92 | -33.36 | 37.63 | -12.08 | -32.44 | 51.83 | -11.7 | -29.82 |
| 21Q2 (9) | 2.53 | 34.57 | 5.86 | 1.39 | 6.92 | 18.8 | 35.92 | -25.97 | -5.8 | 65.58 | -5.98 | -15.84 | 42.80 | -19.97 | -5.08 | 58.70 | -9.41 | -17.27 |
| 21Q1 (8) | 1.88 | -22.95 | 18.24 | 1.30 | -15.03 | 44.44 | 48.52 | 29.94 | -15.07 | 69.75 | 17.17 | -30.69 | 53.48 | 23.37 | -18.33 | 64.80 | 21.08 | -29.78 |
| 20Q4 (7) | 2.44 | 15.09 | 25.13 | 1.53 | 45.71 | -3.77 | 37.34 | -12.9 | -20.18 | 59.53 | -31.32 | 4.09 | 43.35 | -22.17 | -23.64 | 53.52 | -27.53 | 13.39 |
| 20Q3 (6) | 2.12 | -11.3 | 17.13 | 1.05 | -10.26 | -21.64 | 42.87 | 12.43 | -14.92 | 86.68 | 11.24 | 27.36 | 55.70 | 23.53 | -13.0 | 73.85 | 4.09 | 35.7 |
| 20Q2 (5) | 2.39 | 50.31 | 15.46 | 1.17 | 30.0 | 10.38 | 38.13 | -33.26 | -13.46 | 77.92 | -22.57 | -9.46 | 45.09 | -31.14 | -21.03 | 70.95 | -23.11 | -2.82 |
| 20Q1 (4) | 1.59 | -18.46 | 0.0 | 0.90 | -43.4 | 0.0 | 57.13 | 22.12 | 0.0 | 100.63 | 75.96 | 0.0 | 65.48 | 15.34 | 0.0 | 92.28 | 95.51 | 0.0 |
| 19Q4 (3) | 1.95 | 7.73 | 0.0 | 1.59 | 18.66 | 0.0 | 46.78 | -7.16 | 0.0 | 57.19 | -15.97 | 0.0 | 56.77 | -11.32 | 0.0 | 47.20 | -13.27 | 0.0 |
| 19Q3 (2) | 1.81 | -12.56 | 0.0 | 1.34 | 26.42 | 0.0 | 50.39 | 14.37 | 0.0 | 68.06 | -20.92 | 0.0 | 64.02 | 12.12 | 0.0 | 54.42 | -25.46 | 0.0 |
| 19Q2 (1) | 2.07 | 0.0 | 0.0 | 1.06 | 0.0 | 0.0 | 44.06 | 0.0 | 0.0 | 86.06 | 0.0 | 0.0 | 57.10 | 0.0 | 0.0 | 73.01 | 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) | 6.30 | -11.02 | 1.99 | -22.27 | 57.93 | 12.42 | 183.40 | 28.58 | 33.31 | -34.07 | 208.02 | 44.82 |
| 2022 (9) | 7.08 | -22.79 | 2.56 | -52.77 | 51.53 | 29.5 | 142.63 | 111.74 | 50.52 | -7.78 | 143.64 | 174.23 |
| 2021 (8) | 9.17 | 28.97 | 5.42 | -7.03 | 39.79 | -22.51 | 67.36 | 7.55 | 54.78 | 0.62 | 52.38 | -12.03 |
| 2020 (7) | 7.11 | 8.22 | 5.83 | 24.57 | 51.35 | -7.49 | 62.63 | -19.71 | 54.44 | 0.26 | 59.54 | -24.84 |
| 2019 (6) | 6.57 | 5.12 | 4.68 | 4.46 | 55.51 | -5.0 | 78.00 | -4.2 | 54.30 | 10.64 | 79.22 | -12.72 |
| 2018 (5) | 6.25 | 21.12 | 4.48 | -8.01 | 58.43 | -17.37 | 81.42 | 8.6 | 49.08 | -20.04 | 90.77 | 7.67 |
| 2017 (4) | 5.16 | -20.62 | 4.87 | -22.08 | 70.71 | 25.91 | 74.97 | 28.33 | 61.38 | 7.5 | 84.30 | 46.66 |
| 2016 (3) | 6.50 | -12.4 | 6.25 | 2.8 | 56.16 | 14.24 | 58.42 | -2.71 | 57.10 | 0.79 | 57.48 | 9.34 |
| 2015 (2) | 7.42 | -4.01 | 6.08 | 9.16 | 49.16 | 4.09 | 60.05 | -8.38 | 56.65 | 4.87 | 52.57 | -10.52 |
| 2014 (1) | 7.73 | -10.12 | 5.57 | -14.7 | 47.23 | 11.34 | 65.54 | 17.33 | 54.02 | 8.1 | 58.75 | 21.61 |
