The benefit of selling goods built with cheaper materials bought earlier, rather than at today's prices.
库存结转收益
| Move变动 | Where it appeared出现位置 | What it means这句话在说什么 |
|---|---|---|
| — | Apple's best year ever comes with a memory bill that will not stop growing 库存结转收益 · 第 6 张术语卡 | It flatters this quarter's margin and disappears as the stock runs down — a timing gain, not an efficiency gain. 这在涨价周期里是一块「隐形利润」：账面成本按历史采购价计，售价按今天的市场价定，差额自动进毛利。它的反面是降价周期的库存减值。判断方法：看管理层有没有主动提到库存收益、以及有没有说它会衰减——苹果两样都说了，等于提前告诉市场这块垫子会变薄。 |