橘子 6180 - 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8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			營業利益率 QoQ YoY			稅後淨利率 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(%)
26Q1 (8)	175	0.63	131.82	-41.12	0.46	123.23	-45.88	0.63	141.18	-41.12	25.91	41.82	-10.13	30.88	39.04	-5.07	5.10	122.25	-33.16	4.62	125.12	-30.63	1.32	131.5	-40.0	1.1	131.61	-41.49	6.22	126.98	-31.12	4.62	125.12	-30.63	10.53	-9884.09	-4838.39
25Q4 (7)	175	-1.98	-19900.0	-63.64	-1.98	-9800.0	-55.91	-1.53	-440.0	-112.99	18.27	-20.77	-11.99	22.21	-22.21	-13.58	-22.92	-594.55	-95.9	-18.39	-18290.0	-79.94	-4.19	-451.32	-72.43	-3.48	-17500.0	-64.15	-23.05	-650.81	-106.54	-18.39	-18290.0	-79.94	1.90	-9899.22	-4851.41
25Q3 (6)	175	0.01	101.56	-99.47	-0.02	97.18	-101.21	0.45	4.65	-96.54	23.06	24.58	-28.89	28.55	13.75	-16.05	-3.30	69.44	-131.58	-0.10	98.57	-100.98	-0.76	62.0	-122.42	0.02	101.79	-99.4	-3.07	69.63	-126.08	-0.10	98.57	-100.98	-5.61	-29.12	-43.17
25Q2 (5)	175	-0.64	-159.81	-107.27	-0.71	-183.53	60.77	0.43	-59.81	-96.13	18.51	-35.8	-23.7	25.10	-22.84	-27.64	-10.80	-241.55	29.41	-6.98	-204.8	-110.95	-2.0	-190.91	46.09	-1.12	-159.57	-107.25	-10.11	-211.96	-116.45	-6.98	-204.8	-110.95	-	-	0.00
25Q1 (4)	175	1.07	188.43	0.0	0.85	166.93	0.0	1.07	-90.92	0.0	28.83	38.87	0.0	32.53	26.58	0.0	7.63	165.21	0.0	6.66	165.17	0.0	2.2	190.53	0.0	1.88	188.68	0.0	9.03	180.91	0.0	6.66	165.17	0.0	-	-	0.00
24Q4 (3)	175	-1.21	-164.02	0.0	-1.27	-176.97	0.0	11.78	-9.31	0.0	20.76	-35.99	0.0	25.70	-24.43	0.0	-11.70	-211.96	0.0	-10.22	-199.8	0.0	-2.43	-171.68	0.0	-2.12	-163.86	0.0	-11.16	-194.82	0.0	-10.22	-199.8	0.0	-	-	0.00
24Q3 (2)	175	1.89	-78.52	0.0	1.65	191.16	0.0	12.99	17.03	0.0	32.43	33.68	0.0	34.01	-1.96	0.0	10.45	168.3	0.0	10.24	-83.93	0.0	3.39	191.37	0.0	3.32	-78.51	0.0	11.77	-80.85	0.0	10.24	-83.93	0.0	-	-	0.00
24Q2 (1)	175	8.80	0.0	0.0	-1.81	0.0	0.0	11.10	0.0	0.0	24.26	0.0	0.0	34.69	0.0	0.0	-15.30	0.0	0.0	63.74	0.0	0.0	-3.71	0.0	0.0	15.45	0.0	0.0	61.46	0.0	0.0	63.74	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)
2026/4	6.59	2.11	-15.72	32.5	-11.32	21.54	N/A	-
2026/3	6.45	-24.07	-29.25	25.91	-10.13	25.91	0.02	-
2026/2	8.5	-22.42	-20.05	19.46	-1.28	26.35	0.02	-
2026/1	10.96	58.86	20.7	10.96	20.7	23.23	0.03	-
2025/12	6.9	28.25	13.27	88.99	-19.66	18.27	0.04	-
2025/11	5.38	-10.26	-14.76	82.09	-21.57	17.86	0.04	-
2025/10	5.99	-7.63	-28.31	76.71	-22.01	19.56	0.04	-
2025/9	6.49	-8.32	-12.35	70.72	-21.42	23.06	0.02	-
2025/8	7.08	-25.46	-35.15	64.23	-22.24	22.06	0.02	-
2025/7	9.5	72.88	-32.74	57.15	-20.27	20.5	0.03	-
2025/6	5.49	-0.45	-30.73	47.66	-17.21	18.83	0.03	-
2025/5	5.52	-29.43	-25.43	42.17	-15.05	22.46	0.02	-
2025/4	7.82	-14.27	-12.63	36.65	-13.24	27.57	0.02	-
2025/3	9.12	-14.2	-8.92	28.83	-13.4	28.83	0.03	-
2025/2	10.63	17.11	-27.71	19.71	-15.33	25.8	0.04	-
2025/1	9.08	49.08	5.91	9.08	5.91	21.48	0.04	-
2024/12	6.09	-3.48	-8.84	110.76	13.18	20.76	0.09	-
2024/11	6.31	-24.53	5.13	104.68	14.79	22.07	0.08	-
2024/10	8.36	12.94	15.5	98.37	15.47	26.68	0.07	-
2024/9	7.4	-32.18	4.92	90.01	15.47	32.44	0.05	-
2024/8	10.91	-22.69	36.86	82.61	16.52	32.96	0.05	-
2024/7	14.12	78.05	20.43	71.69	13.94	29.45	0.06	-
2024/6	7.93	7.16	18.5	57.57	12.45	24.28	0.05	-
2024/5	7.4	-17.32	14.17	49.64	11.54	26.36	0.04	-
2024/4	8.95	-10.63	16.6	42.24	11.1	33.67	0.03	-
2024/3	10.02	-31.89	1.46	33.29	9.7	33.29	N/A	-
2024/2	14.71	71.59	71.98	23.28	13.68	29.96	N/A	受惠春節旺季遊戲改版表現優異，帶動營收大幅成長。
2024/1	8.57	28.3	-28.12	8.57	-28.12	21.25	N/A	-
2023/12	6.68	11.32	-8.04	97.86	-13.95	19.92	N/A	-
2023/11	6.0	-17.09	-12.94	91.18	-14.35	20.29	N/A	-
2023/10	7.24	2.59	-4.81	85.18	-14.45	22.27	N/A	-
2023/9	7.05	-11.53	-24.63	77.95	-15.24	26.75	N/A	-
2023/8	7.97	-31.97	-20.88	70.89	-14.18	26.39	N/A	-
2023/7	11.72	75.19	-17.63	62.92	-13.25	24.89	N/A	-
2023/6	6.69	3.24	-19.54	51.19	-12.18	20.85	N/A	-
2023/5	6.48	-15.56	-18.36	44.5	-10.96	24.03	N/A	-
2023/4	7.68	-22.23	-3.9	38.02	-9.56	26.1	N/A	-
2023/3	9.87	15.42	3.06	30.35	-10.89	30.35	N/A	-
2023/2	8.55	-28.28	-35.78	20.48	-16.35	27.74	N/A	-
2023/1	11.92	64.15	6.81	11.92	6.81	26.08	N/A	-
2022/12	7.26	5.39	9.65	113.73	-0.18	21.76	N/A	-
2022/11	6.89	-9.36	-17.33	106.47	-0.79	23.86	N/A	-
2022/10	7.6	-18.75	-9.83	99.58	0.59	27.04	N/A	-
2022/9	9.36	-7.13	-4.75	91.97	1.56	33.67	N/A	-
2022/8	10.08	-29.18	-12.42	82.61	2.33	32.63	N/A	-
2022/7	14.23	71.14	1.29	72.53	4.79	30.49	N/A	-
2022/6	8.32	4.76	-9.74	58.3	5.68	24.24	N/A	-
2022/5	7.94	-0.61	8.33	49.98	8.77	25.5	N/A	-
2022/4	7.99	-16.59	6.27	42.04	8.86	30.88	N/A	-
2022/3	9.58	-28.08	-2.51	34.06	9.48	34.06	N/A	-
2022/2	13.32	19.27	11.63	24.48	15.02	31.1	N/A	-
2022/1	11.16	68.53	19.34	11.16	19.34	26.13	N/A	-
2021/12	6.62	-20.54	-17.27	113.95	7.66	23.4	N/A	-
2021/11	8.34	-1.14	29.87	107.32	9.7	26.6	N/A	-
2021/10	8.43	-14.17	1.33	98.99	8.28	29.77	N/A	-
2021/9	9.83	-14.61	35.44	90.55	8.98	35.39	N/A	-
2021/8	11.51	-18.09	35.42	80.72	6.44	34.77	N/A	-
2021/7	14.05	52.49	37.32	69.21	2.79	30.59	N/A	-
2021/6	9.21	25.74	16.4	55.16	-3.39	0.0	N/A	-
2021/5	7.33	-2.5	-22.39	45.95	-6.58	0.0	N/A	-

成長能力-近5年

	加權平均股數 YoY		EPS YoY		本業EPS YoY		營收 YoY		毛利率(%) YoY		營業利益率 YoY		稅後淨利率 YoY		營業利益 YoY		稅前淨利 YoY		稅後淨利 YoY
2025 (5)	175	0.0	-1.53	0	-1.86	0	88.67	-19.95	27.82	-21.23	-5.35	0	-3.11	0	-4.75	0	-4.19	0	-2.69	0
2024 (4)	175	0.0	11.57	256.0	0.80	-73.42	110.77	13.13	35.32	-8.88	2.33	-64.32	18.70	226.92	2.58	-59.69	21.86	217.73	20.68	259.65
2023 (3)	175	0.0	3.25	-54.67	3.01	-60.39	97.91	-14.02	38.76	-9.27	6.53	-57.71	5.72	-49.02	6.4	-63.62	6.88	-59.72	5.75	-55.08
2022 (2)	175	0.0	7.17	15.46	7.60	-4.64	113.88	0.14	42.72	2.13	15.44	1.25	11.22	26.49	17.59	1.44	17.08	18.2	12.8	15.73
2021 (1)	175	0.57	6.21	25.71	7.97	47.87	113.72	8.9	41.83	0	15.25	0	8.87	0	17.34	52.51	14.45	35.55	11.06	26.83