山林水
847333.85−1.25−3.56%收盤・資料日 2026-11-06
法說 11/17
償債能力單位：%（利息保障倍數：倍）；資料到 2026 Q2
2026 Q255.27%151.78%140.24%6.8 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 | 55.27% | 151.78% | 140.24% | 6.8 |
| 2026 Q1 | 49.60% | 155.84% | 141.79% | 9.0 |
| 2025 Q4 | 50.82% | 143.19% | 129.81% | 6.4 |
| 2025 Q3 | 50.12% | 145.08% | 131.59% | 4.5 |
| 2025 Q2 | 50.06% | 153.24% | 138.65% | 4.9 |
| 2025 Q1 | 48.96% | 162.05% | 145.98% | 7.0 |
| 2024 Q4 | 50.04% | 153.00% | 138.30% | 3.0 |
| 2024 Q3 | 48.35% | 112.99% | 99.05% | 2.3 |
| 2024 Q2 | 48.81% | 100.60% | 87.77% | 3.4 |
| 2024 Q1 | 48.49% | 106.58% | 92.27% | 6.6 |
| 2023 Q4 | 51.68% | 93.73% | 80.45% | 3.3 |
| 2023 Q3 | 53.31% | 100.56% | 84.86% | 2.9 |
| 2023 Q2 | 54.16% | 101.94% | 87.03% | 2.4 |
| 2023 Q1 | 53.52% | 102.99% | 87.82% | 2.1 |
| 2022 Q4 | 54.86% | 102.73% | 88.45% | −1.7 |
| 2022 Q3 | 53.19% | 105.68% | 89.58% | −5.8 |
| 2022 Q2 | 52.15% | 112.38% | 96.59% | 3.0 |
| 2022 Q1 | 51.11% | 114.22% | 96.02% | 5.5 |
| 2021 Q4 | 52.86% | 111.21% | 97.68% | 4.0 |
| 2021 Q3 | 55.43% | 111.78% | 99.58% | 4.9 |
經營效率單位：天
2026 Q2120.6 天197.1 天
週轉天數（天）
21Q422Q222Q423Q223Q424Q224Q425Q225Q426Q2
| 期間 | 應收帳款週轉天數 | 應付帳款週轉天數 |
|---|---|---|
| 2026 Q2 | 120.6 | 197.1 |
| 2026 Q1 | 93.8 | 173.5 |
| 2025 Q4 | 81.9 | 125.7 |
| 2025 Q3 | 99.6 | 98.1 |
| 2025 Q2 | 152.8 | 143.7 |
| 2025 Q1 | 106.0 | 116.4 |
| 2024 Q4 | 105.8 | 89.6 |
| 2024 Q3 | 181.3 | 106.9 |
| 2024 Q2 | 223.2 | 140.1 |
| 2024 Q1 | 194.6 | 192.9 |
| 2023 Q4 | 162.4 | 139.4 |
| 2023 Q3 | 163.2 | 250.1 |
| 2023 Q2 | 128.4 | 232.2 |
| 2023 Q1 | 139.1 | 253.0 |
| 2022 Q4 | 100.6 | 173.5 |
| 2022 Q3 | 106.4 | 161.2 |
| 2022 Q2 | 90.5 | 162.9 |
| 2022 Q1 | 126.2 | 274.0 |
| 2021 Q4 | 87.9 | 188.3 |
| 2021 Q3 | 129.1 | 286.8 |
現金流單位：億元
2026 Q20.48 億元−0.02 億元0.46 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 | 0.48 | −0.02 | 0.46 |
| 2026 Q1 | −0.37 | −0.05 | −0.41 |
| 2025 Q4 | 10.03 | −0.21 | 9.82 |
| 2025 Q3 | 6.70 | −0.06 | 6.64 |
| 2025 Q2 | 4.82 | −0.51 | 4.31 |
| 2025 Q1 | −3.15 | −0.03 | −3.19 |
| 2024 Q4 | 7.56 | −0.32 | 7.24 |
| 2024 Q3 | 2.01 | −0.19 | 1.83 |
| 2024 Q2 | 2.66 | −3.11 | −0.45 |
| 2024 Q1 | −1.24 | −0.71 | −1.95 |
| 2023 Q4 | 3.50 | −0.18 | 3.32 |
| 2023 Q3 | 1.39 | −0.05 | 1.34 |
| 2023 Q2 | 2.36 | −0.41 | 1.96 |
| 2023 Q1 | 0.07 | −0.17 | −0.09 |
| 2022 Q4 | −0.22 | −0.11 | −0.32 |
| 2022 Q3 | 1.84 | −0.24 | 1.61 |
| 2022 Q2 | 0.80 | −0.04 | 0.76 |
| 2022 Q1 | −3.10 | −0.06 | −3.16 |
| 2021 Q4 | −1.55 | −0.10 | −1.65 |
| 2021 Q3 | 5.59 | −0.02 | 5.57 |
財經資料來源：FinLab