台橡 2103 - 成長能力 - 財務分析

理想的成長型公司, 本業EPS的成長幅度會大於營收的成長幅度
營收到某個數字後, 本業EPS呈現不成比例的增加, 有可能是規模經濟的效應
如果是有淡旺季的公司, 是否有淡季不淡, 旺季更旺的情況
漲很多的股票要留意 EPS 較上季是否有大幅衰退的情況
如果EPS衰退，要觀察同業是不是有一樣的狀況
要留意增資減資和公司債對股本及EPS的影響

成長能力-近20季

	加權平均股數 QoQ YoY	EPS QoQ YoY			本業EPS QoQ YoY			累計EPS QoQ YoY			營收 QoQ YoY			毛利率(%) QoQ YoY			營業利益 QoQ YoY			稅後淨利 QoQ YoY			稅前淨利率(%) QoQ YoY			稅後淨利率(%) QoQ YoY			兩季平均(YOY)營收成長率(%)	兩季平均(YOY)EPS成長率(%)	兩季平均(YOY)本業EPS成長率(%)
23Q4 (20)	826	0.27	42.11	2800.0	0.16	500.0	300.0	0.82	49.09	-62.04	78.82	2.51	5.32	12.29	29.92	16.49	3.76	127.88	60.68	2.25	42.41	1975.0	5.91	26.82	135.46	3.88	28.05	462.32	0.91	161.06	266.67
23Q3 (19)	826	0.19	280.0	-60.42	-0.04	33.33	-112.9	0.55	52.78	-74.65	76.89	-0.68	-12.04	9.46	4.65	-32.43	1.65	75.53	-68.63	1.58	285.37	-59.8	4.66	91.77	-38.68	3.03	98.04	-40.35	-2.63	98.06	-49.13
23Q2 (18)	826	0.05	-83.87	-94.51	-0.06	-131.58	-108.96	0.36	16.13	-78.82	77.42	-4.58	-13.74	9.04	-19.72	-50.55	0.94	-69.97	-89.68	0.41	-83.98	-94.53	2.43	-52.17	-80.36	1.53	-59.95	-83.44	1.92	1558.07	121.71
23Q1 (17)	826	0.31	3200.0	-60.76	0.19	375.0	-71.21	0.31	-85.65	-60.76	81.14	8.42	-6.11	11.26	6.73	-47.68	3.13	33.76	-68.79	2.56	2233.33	-60.74	5.08	102.39	-60.31	3.82	453.62	-58.57	-2.98	1548.96	143.95
22Q4 (16)	826	-0.01	-102.08	-101.39	0.04	-87.1	-94.52	2.16	-0.46	-54.62	74.84	-14.38	-7.87	10.55	-24.64	-49.35	2.34	-55.51	-75.65	-0.12	-103.05	-102.03	2.51	-66.97	-78.45	0.69	-86.42	-92.13	-8.50	-74.66	-70.41
22Q3 (15)	826	0.48	-47.25	-72.57	0.31	-53.73	55.0	2.17	27.65	-46.42	87.41	-2.61	13.92	14.00	-23.41	-4.5	5.26	-42.26	24.35	3.93	-47.53	-72.75	7.60	-38.56	-65.64	5.08	-45.02	-73.94	0.62	-16.03	-26.10
22Q2 (14)	826	0.91	15.19	-24.79	0.67	1.52	-25.56	1.70	115.19	-26.09	89.75	3.85	5.33	18.28	-15.06	-21.27	9.11	-9.17	-26.94	7.49	14.88	-25.25	12.37	-3.36	-29.92	9.24	0.22	-32.75	5.12	12.46	-4.04
22Q1 (13)	826	0.79	9.72	-27.52	0.66	-9.59	-23.26	0.79	-83.4	-27.52	86.42	6.39	5.17	21.52	3.31	-11.84	10.03	4.37	-22.67	6.52	10.32	-27.31	12.80	9.87	-29.2	9.22	5.13	-30.26	6.12	-24.57	127.70
21Q4 (12)	826	0.72	-58.86	125.0	0.73	265.0	386.67	4.76	17.53	15966.67	81.23	5.86	27.16	20.83	42.09	66.77	9.61	127.19	240.78	5.91	-59.02	120.52	11.65	-47.33	73.11	8.77	-55.0	74.01	-2.04	-7.11	93.61
21Q3 (11)	826	1.75	44.63	725.0	0.20	-77.78	11.11	4.05	76.09	1257.14	76.73	-9.95	36.85	14.66	-36.86	7.56	4.23	-66.08	77.73	14.42	43.91	724.24	22.12	25.33	977.78	19.49	41.85	811.31	-3.12	27.82	-36.56
21Q2 (10)	826	1.21	11.01	964.29	0.90	4.65	1000.0	2.30	111.01	3385.71	85.21	3.7	53.95	23.22	-4.88	109.19	12.47	-3.86	1147.0	10.02	11.71	949.15	17.65	-2.38	1434.78	13.74	3.93	1697.67	16.16	125.81	238.99
21Q1 (9)	826	1.09	240.62	1457.14	0.86	473.33	681.82	1.09	3733.33	1457.14	82.17	28.63	26.53	24.41	95.44	108.28	12.97	359.93	542.08	8.97	234.7	1420.34	18.08	168.65	598.07	13.22	162.3	805.48	21.28	227.45	228.33
20Q4 (8)	826	0.32	214.29	146.15	0.15	-16.67	50.0	-0.03	91.43	-103.33	63.88	13.93	-6.65	12.49	-8.36	6.75	2.82	18.49	21.03	2.68	216.02	157.69	6.73	367.06	78.99	5.04	283.94	170.97	7.62	57.14	131.66
20Q3 (7)	826	-0.28	-100.0	-1500.0	0.18	280.0	200.0	-0.35	-400.0	-145.45	56.07	1.3	-18.95	13.63	22.79	35.49	2.38	138.0	101.69	-2.31	-95.76	-1315.79	-2.52	-319.13	-292.37	-2.74	-218.6	-1153.85	-6.73	-200.00	44.55
20Q2 (6)	826	-0.14	-300.0	-135.0	-0.10	-190.91	-133.33	-0.07	-200.0	-109.33	55.35	-14.77	-27.06	11.10	-5.29	-16.6	1.0	-50.5	-76.02	-1.18	-300.0	-135.44	1.15	-55.6	-82.73	-0.86	-158.9	-117.77	-9.93	-173.07	-90.45
20Q1 (5)	826	0.07	-46.15	-79.41	0.11	10.0	-54.17	0.07	-92.22	-79.41	64.94	-5.1	-14.11	11.72	0.17	1.82	2.02	-13.3	-36.28	0.59	-43.27	-79.23	2.59	-31.12	-51.22	1.46	-21.51	-63.77	-	-	0.00
19Q4 (4)	826	0.13	550.0	0.0	0.10	66.67	0.0	0.90	16.88	0.0	68.43	-1.08	0.0	11.70	16.3	0.0	2.33	97.46	0.0	1.04	447.37	0.0	3.76	187.02	0.0	1.86	615.38	0.0	-	-	0.00
19Q3 (3)	826	0.02	-95.0	0.0	0.06	-80.0	0.0	0.77	2.67	0.0	69.18	-8.83	0.0	10.06	-24.42	0.0	1.18	-71.7	0.0	0.19	-94.29	0.0	1.31	-80.33	0.0	0.26	-94.63	0.0	-	-	0.00
19Q2 (2)	826	0.40	17.65	0.0	0.30	25.0	0.0	0.75	120.59	0.0	75.88	0.36	0.0	13.31	15.64	0.0	4.17	31.55	0.0	3.33	17.25	0.0	6.66	25.42	0.0	4.84	20.1	0.0	-	-	0.00
19Q1 (1)	826	0.34	0.0	0.0	0.24	0.0	0.0	0.34	0.0	0.0	75.61	0.0	0.0	11.51	0.0	0.0	3.17	0.0	0.0	2.84	0.0	0.0	5.31	0.0	0.0	4.03	0.0	0.0	-	-	0.00

年/月	營收	月增率(%)	去年同期年增率(%)	累計營收	累計營收年增率(%)	近三月累計營收	存貨銷售比	備註(年增率變動50%需說明原因)
2024/3	28.73	4.74	-0.59	87.45	7.78	87.45	N/A	-
2024/2	27.43	-12.35	3.24	58.72	12.42	82.74	N/A	-
2024/1	31.3	30.31	21.92	31.3	21.92	83.33	N/A	-
2023/12	24.02	-14.28	5.62	314.27	-7.13	78.82	0.84	-
2023/11	28.02	4.58	6.98	290.25	-8.05	80.72	0.82	-
2023/10	26.79	3.39	3.38	262.24	-9.41	79.1	0.84	-
2023/9	25.91	-1.84	-9.69	235.45	-10.67	76.89	0.75	-
2023/8	26.4	7.41	-5.22	209.54	-10.79	75.45	0.77	-
2023/7	24.58	0.44	-20.34	183.14	-11.53	75.44	0.77	-
2023/6	24.47	-7.31	-15.55	158.56	-9.99	77.42	0.89	-
2023/5	26.4	-0.58	-13.1	134.09	-8.9	81.86	0.84	-
2023/4	26.55	-8.12	-12.63	107.69	-7.8	82.02	0.84	-
2023/3	28.9	8.8	-6.92	81.14	-6.11	81.14	0.93	-
2023/2	26.57	3.49	1.89	52.23	-5.65	74.97	1.0	-
2023/1	25.67	12.89	-12.37	25.67	-12.37	74.59	1.01	-
2022/12	22.74	-13.18	-10.05	338.41	4.02	74.84	1.0	-
2022/11	26.19	1.06	-11.7	315.68	5.2	80.8	0.93	-
2022/10	25.91	-9.69	-1.43	289.49	7.06	82.46	0.91	-
2022/9	28.69	3.01	22.91	263.57	7.97	87.41	0.82	-
2022/8	27.85	-9.73	3.34	234.88	6.39	87.69	0.82	-
2022/7	30.86	6.49	16.74	207.03	6.82	90.21	0.8	-
2022/6	28.97	-4.62	7.55	176.17	5.25	89.75	0.79	-
2022/5	30.38	-0.04	7.91	147.19	4.81	91.83	0.77	-
2022/4	30.39	-2.13	0.92	116.81	4.03	87.52	0.81	-
2022/3	31.06	19.11	1.5	86.42	5.17	86.42	0.75	-
2022/2	26.07	-11.0	8.5	55.36	7.35	80.64	0.8	-
2022/1	29.29	15.88	6.34	29.29	6.34	84.23	0.77	-
2021/12	25.28	-14.77	11.57	325.33	35.41	81.23	0.69	-
2021/11	29.66	12.81	39.58	300.06	37.9	79.3	0.71	-
2021/10	26.29	12.61	31.62	270.39	37.71	76.59	0.74	-
2021/9	23.35	-13.37	16.81	244.1	38.4	76.73	0.77	-
2021/8	26.95	1.96	55.35	220.76	41.16	80.32	0.73	110年售價隨主原料價格上揚所致
2021/7	26.43	-1.88	41.04	193.81	39.39	81.52	0.72	-
2021/6	26.94	-4.3	41.38	167.38	39.14	85.21	0.59	-
2021/5	28.15	-6.51	67.5	140.44	38.71	88.86	0.57	109年受疫情影響營業額遽減，110年恢復正常
2021/4	30.12	-1.56	54.49	112.28	32.98	84.74	0.6	109年受疫情影響營業額遽減,110年恢復正常
2021/3	30.6	27.33	31.61	82.17	26.53	82.17	0.61	-
2021/2	24.03	-12.77	22.65	51.57	23.69	74.23	0.67	-
2021/1	27.55	21.58	24.62	27.55	24.62	71.45	0.7	-
2020/12	22.66	6.61	3.6	240.24	-16.9	63.88	0.75	-
2020/11	21.25	6.38	-11.99	217.59	-18.57	61.21	0.78	-
2020/10	19.97	-0.05	-10.91	196.34	-19.23	57.31	0.83	-
2020/9	19.98	15.19	-14.91	176.37	-20.07	56.07	0.74	-
2020/8	17.35	-7.42	-23.78	156.38	-20.69	55.14	0.75	-
2020/7	18.74	-1.64	-18.28	139.03	-20.29	54.6	0.76	-
2020/6	19.05	13.36	-16.73	120.29	-20.59	55.35	0.92	-
2020/5	16.81	-13.77	-36.55	101.24	-21.28	59.55	0.85	-
2020/4	19.49	-16.14	-26.45	84.43	-17.31	62.33	0.81	-
2020/3	23.25	18.66	-11.19	64.94	-14.11	64.94	0.91	-
2020/2	19.59	-11.36	-14.55	41.69	-15.66	63.56	0.93	-
2020/1	22.1	1.07	-16.62	22.1	-16.62	68.11	0.87	-
2019/12	21.87	-9.43	4.25	289.11	-2.82	68.43	0.94	-
2019/11	24.14	7.67	-7.3	267.24	-3.36	70.06	0.92	-
2019/10	22.42	-4.53	-2.64	243.1	-2.95	68.67	0.93	-
2019/9	23.49	3.19	-6.77	220.67	-2.98	69.18	0.75	-
2019/8	22.76	-0.74	-12.4	197.18	-2.51	68.58	0.76	-
2019/7	22.93	0.22	-5.11	174.42	-1.05	72.31	0.72	-
2019/6	22.88	-13.62	-3.73	151.49	-0.4	75.88	0.76	-
2019/5	26.49	-0.04	-6.67	128.61	0.2	0.0	N/A	-
2019/4	26.51	1.25	6.95	102.11	2.16	0.0	N/A	-

成長能力-近10年

	加權平均股數 YoY		EPS YoY		本業EPS YoY		營收 YoY		毛利率(%) YoY		營業利益 YoY		稅前淨利 YoY		稅後淨利 YoY
2023 (10)	826	0.0	0.82	-61.68	0.25	-85.12	314.27	-7.13	10.53	-35.36	9.48	-64.56	14.24	-53.6	6.8	-61.86
2022 (9)	826	0.0	2.14	-54.76	1.68	-37.55	338.41	4.02	16.29	-22.06	26.75	-31.9	30.69	-45.52	17.83	-54.64
2021 (8)	826	0.0	4.73	0	2.69	691.18	325.33	35.42	20.90	70.89	39.28	377.86	56.33	981.19	39.31	0
2020 (7)	826	0.0	-0.03	0	0.34	-50.72	240.24	-16.9	12.23	4.71	8.22	-24.24	5.21	-58.49	-0.22	0
2019 (6)	826	0.0	0.89	-38.19	0.69	-33.65	289.11	-2.82	11.68	-0.43	10.85	-16.67	12.55	-23.01	7.4	-37.92
2018 (5)	826	0.0	1.44	35.85	1.04	-8.77	297.51	-6.34	11.73	11.93	13.02	8.23	16.3	43.36	11.92	36.38
2017 (4)	826	0.0	1.06	-11.67	1.14	-17.99	317.66	17.85	10.48	-27.22	12.03	-31.84	11.37	-29.25	8.74	-11.54
2016 (3)	826	0.0	1.20	87.5	1.39	-10.32	269.55	3.74	14.40	10.85	17.65	26.34	16.07	148.76	9.88	86.77
2015 (2)	826	0.0	0.64	-53.62	1.55	-16.67	259.82	-18.47	12.99	4.42	13.97	-27.99	6.46	-58.27	5.29	-53.64
2014 (1)	826	5.09	1.38	-27.37	1.86	5.08	318.69	-7.42	12.44	0	19.4	-6.05	15.48	-26.36	11.41	-23.68