山隆
261612.70+0.05+0.40%收盤・資料日 2026-11-06
法說 11/20
償債能力單位：%（利息保障倍數：倍）；資料到 2026 Q2
2026 Q268.64%47.10%31.74%−6.3 倍
負債比率（%）
流動比率、速動比率（%）
利息保障倍數（倍）
21Q422Q222Q423Q223Q424Q224Q425Q225Q426Q2
| 期間 | 負債比率 | 流動比率 | 速動比率 | 利息保障倍數 |
|---|---|---|---|---|
| 2026 Q2 | 68.64% | 47.10% | 31.74% | −6.3 |
| 2026 Q1 | 68.50% | 63.51% | 44.33% | −7.1 |
| 2025 Q4 | 68.07% | 73.17% | 64.56% | −10.4 |
| 2025 Q3 | 62.42% | 75.04% | 52.10% | −8.9 |
| 2025 Q2 | 59.50% | 62.00% | 37.13% | −8.7 |
| 2025 Q1 | 57.34% | 77.67% | 49.99% | −10.8 |
| 2024 Q4 | 56.10% | 78.87% | 55.52% | −11.7 |
| 2024 Q3 | 51.54% | 104.02% | 68.48% | −13.7 |
| 2024 Q2 | 48.87% | 109.09% | 65.44% | 2.1 |
| 2024 Q1 | 49.22% | 119.77% | 76.47% | 1.5 |
| 2023 Q4 | 53.58% | 111.95% | 85.29% | 0.9 |
| 2023 Q3 | 51.53% | 97.38% | 66.77% | 2.7 |
| 2023 Q2 | 49.93% | 105.87% | 66.98% | 3.2 |
| 2023 Q1 | 48.64% | 113.46% | 77.56% | 4.3 |
| 2022 Q4 | 48.76% | 117.24% | 79.91% | 9.5 |
| 2022 Q3 | 49.01% | 74.92% | 50.01% | 4.5 |
| 2022 Q2 | 51.13% | 79.09% | 63.77% | 21.6 |
| 2022 Q1 | 46.49% | 81.05% | 69.71% | 7.1 |
| 2021 Q4 | 47.29% | 82.06% | 72.12% | 27.8 |
| 2021 Q3 | 46.10% | 87.13% | 75.59% | 31.8 |
經營效率單位：天
2026 Q212.6 天9.3 天32.2 天21.9 天−10.3 天
週轉天數（天）
21Q422Q222Q423Q223Q424Q224Q425Q225Q426Q2
| 期間 | 應收帳款週轉天數 | 存貨週轉天數 | 應付帳款週轉天數 | 營業週期 | 現金轉換循環 |
|---|---|---|---|---|---|
| 2026 Q2 | 12.6 | 9.3 | 32.2 | 21.9 | −10.3 |
| 2026 Q1 | 14.9 | 11.5 | 39.5 | 26.4 | −13.0 |
| 2025 Q4 | 11.4 | 9.3 | 33.7 | 20.7 | −13.0 |
| 2025 Q3 | 7.1 | 10.5 | 33.6 | 17.6 | −16.0 |
| 2025 Q2 | 6.3 | 10.8 | 36.2 | 17.1 | −19.0 |
| 2025 Q1 | 9.1 | 9.2 | 35.5 | 18.3 | −17.1 |
| 2024 Q4 | 14.0 | 9.8 | 35.5 | 23.8 | −11.7 |
| 2024 Q3 | 18.6 | 9.7 | 39.6 | 28.3 | −11.2 |
| 2024 Q2 | 15.6 | 7.2 | 38.4 | 22.9 | −15.6 |
| 2024 Q1 | 14.7 | 6.9 | 49.0 | 21.6 | −27.3 |
| 2023 Q4 | 11.9 | 5.9 | 50.2 | 17.8 | −32.3 |
| 2023 Q3 | 9.6 | 7.1 | 40.2 | 16.7 | −23.5 |
| 2023 Q2 | 9.8 | 7.2 | 31.8 | 17.0 | −14.9 |
| 2023 Q1 | 10.8 | 6.7 | 36.7 | 17.5 | −19.1 |
| 2022 Q4 | 10.1 | 6.3 | 33.8 | 16.4 | −17.4 |
| 2022 Q3 | 11.5 | 6.3 | 33.0 | 17.7 | −15.3 |
| 2022 Q2 | 11.6 | 5.6 | 32.7 | 17.2 | −15.5 |
| 2022 Q1 | 12.0 | 4.8 | 33.1 | 16.8 | −16.3 |
| 2021 Q4 | 11.1 | 4.1 | 29.1 | 15.1 | −14.0 |
| 2021 Q3 | 11.4 | 4.7 | 29.6 | 16.2 | −13.4 |
現金流單位：億元
2026 Q20.17 億元−0.19 億元−0.01 億元
單季現金流（億元）
21Q422Q222Q423Q223Q424Q224Q425Q225Q426Q2
| 期間 | 營運現金流 | 資本支出 | 自由現金流 |
|---|---|---|---|
| 2026 Q2 | 0.17 | −0.19 | −0.01 |
| 2026 Q1 | −1.32 | −0.25 | −1.58 |
| 2025 Q4 | 0.77 | −0.16 | 0.61 |
| 2025 Q3 | −0.41 | −0.30 | −0.70 |
| 2025 Q2 | −0.56 | −0.18 | −0.75 |
| 2025 Q1 | −1.48 | −0.68 | −2.17 |
| 2024 Q4 | 1.92 | −1.86 | 0.06 |
| 2024 Q3 | −1.25 | −0.89 | −2.14 |
| 2024 Q2 | −1.87 | −0.49 | −2.35 |
| 2024 Q1 | −7.94 | −0.12 | −8.07 |
| 2023 Q4 | 1.64 | −0.31 | 1.33 |
| 2023 Q3 | 9.31 | −0.88 | 8.43 |
| 2023 Q2 | −0.31 | −1.52 | −1.83 |
| 2023 Q1 | −0.19 | −0.34 | −0.53 |
| 2022 Q4 | 1.29 | −1.25 | 0.04 |
| 2022 Q3 | 2.27 | −1.26 | 1.01 |
| 2022 Q2 | 0.76 | −0.16 | 0.60 |
| 2022 Q1 | 1.10 | −0.91 | 0.19 |
| 2021 Q4 | 3.21 | −0.55 | 2.66 |
| 2021 Q3 | 6.61 | −0.81 | 5.80 |