瑞軒 2489 - 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(%)
24Q1 (20)	740	-3.9	-7.27	0.77	492.31	10.0	-0.34	-3300.0	-70.0	0.77	32.76	10.0	43.24	-3.37	30.28	7.98	-18.4	-18.4	-2.76	-936.36	-851.72	13.38	513.76	-21.75	-1.19	-893.33	-1090.0	5.72	489.69	2.14	16.28	500.74	-22.25	13.38	513.76	-21.75	-6.52	304.49	-1716.66
23Q4 (19)	770	1.72	-3.51	0.13	116.67	124.53	-0.01	-133.33	-200.0	0.58	28.89	116.81	44.75	-9.67	25.24	9.78	-3.36	54.26	0.33	-58.75	107.93	2.18	118.0	117.26	0.15	-62.5	110.14	0.97	106.38	123.15	2.71	116.8	116.85	2.18	118.0	117.26	9.73	117.43	58.33
23Q3 (18)	757	-3.69	-5.14	0.06	118.18	-95.35	0.03	250.0	104.62	0.45	18.42	115.36	49.54	29.14	27.55	10.12	18.78	34.22	0.80	148.48	129.2	1.00	114.9	-96.26	0.4	163.49	137.38	0.47	118.22	-95.45	1.25	115.51	-96.55	1.00	114.9	-96.26	22.36	-14.48	170.00
23Q2 (17)	786	-1.5	3.42	-0.33	-147.14	34.0	-0.02	90.0	-109.52	0.38	-45.71	108.58	38.36	15.58	-14.64	8.52	-12.88	-11.98	-1.65	-468.97	-558.33	-6.71	-139.24	21.7	-0.63	-530.0	-493.75	-2.58	-146.07	31.56	-8.06	-138.49	29.36	-6.71	-139.24	21.7	4.23	42.47	-1005.00
23Q1 (16)	798	0.0	5.0	0.70	232.08	117.81	-0.20	-2100.0	-118.35	0.70	120.29	117.81	33.19	-7.11	-24.64	9.78	54.26	-19.51	-0.29	93.03	-134.94	17.10	235.39	125.2	-0.1	93.24	-127.78	5.6	233.65	118.73	20.94	230.22	124.54	17.10	235.39	125.2	-7.56	45.50	-999.23
22Q4 (15)	798	0.0	0.25	-0.53	-141.09	22.06	0.01	101.54	-95.45	-3.45	-17.75	-154.76	35.73	-8.01	-42.87	6.34	-15.92	-31.31	-4.16	-51.82	-347.62	-12.63	-147.23	-45.67	-1.48	-38.32	-240.95	-4.19	-140.56	22.26	-16.08	-144.42	-68.73	-12.63	-147.23	-45.67	-10.79	108.45	-153.99
22Q3 (14)	798	5.0	-0.87	1.29	358.0	1092.31	-0.65	-409.52	-442.11	-2.93	33.86	-142.59	38.84	-13.57	-41.2	7.54	-22.11	-8.27	-2.74	-861.11	-265.06	26.74	412.02	1847.71	-1.07	-768.75	-197.27	10.33	374.01	1074.53	36.20	417.27	1848.79	26.74	412.02	1847.71	-5.77	222.64	-245.12
22Q2 (13)	760	0.0	-6.06	-0.50	87.28	-150.0	0.21	-80.73	180.77	-4.43	-12.72	-163.38	44.94	2.04	-7.66	9.68	-20.33	17.76	0.36	-56.63	12.5	-8.57	87.37	-151.5	0.16	-55.56	6.67	-3.77	87.39	-146.72	-11.41	86.63	-154.83	-8.57	87.37	-151.5	-13.77	-195.33	157.36
22Q1 (12)	760	-4.52	-6.06	-3.93	-477.94	-165.5	1.09	395.45	146.58	-3.93	-162.38	-165.5	44.04	-29.58	-2.26	12.15	31.64	82.43	0.83	-50.6	106.69	-67.85	-682.58	-162.95	0.36	-65.71	106.44	-29.9	-454.73	-161.59	-85.33	-795.38	-163.75	-67.85	-682.58	-162.95	-17.45	-450.51	205.62
21Q4 (11)	796	-1.12	-1.61	-0.68	-423.08	-221.43	0.22	15.79	153.66	6.30	-8.43	826.47	62.54	-5.31	21.06	9.23	12.29	25.75	1.68	1.2	148.7	-8.67	-466.67	-198.75	1.05	-4.55	158.99	-5.39	-408.49	-219.25	-9.53	-360.39	-185.78	-8.67	-466.67	-198.75	15.20	-268.04	94.44
21Q3 (10)	805	-0.49	-0.49	-0.13	-113.0	-143.33	0.19	173.08	211.76	6.88	-1.57	5633.33	66.05	35.71	44.03	8.22	0.0	5.12	1.66	418.75	196.51	-1.53	-109.19	-127.92	1.1	633.33	239.24	-1.06	-113.14	-143.98	-2.07	-109.95	-132.75	-1.53	-109.19	-127.92	21.86	-98.16	130.99
21Q2 (9)	809	0.0	0.25	1.00	-83.33	334.78	-0.26	88.89	-52.94	6.99	16.5	4211.76	48.67	8.01	21.04	8.22	23.42	-9.47	0.32	102.58	115.38	16.64	-84.56	257.85	0.15	102.68	118.07	8.07	-83.38	333.87	20.81	-84.45	267.02	16.64	-84.56	257.85	-2.38	444.05	-190.92
21Q1 (8)	809	0.0	0.0	6.00	971.43	1600.0	-2.34	-470.73	-800.0	6.00	782.35	1600.0	45.06	-12.78	51.46	6.66	-9.26	-15.7	-12.41	-259.71	-70.7	107.78	1127.56	1094.28	-5.59	-214.04	-158.8	48.55	974.12	1589.26	133.85	1104.77	1234.32	107.78	1127.56	1094.28	-0.06	529.05	-305.96
20Q4 (7)	809	0.0	0.0	0.56	86.67	429.41	-0.41	-141.18	-272.73	0.68	466.67	6700.0	51.66	12.65	22.97	7.34	-6.14	-47.5	-3.45	-100.58	-84.49	8.78	60.22	365.26	-1.78	-125.32	-125.32	4.52	87.55	422.86	11.11	75.79	447.19	8.78	60.22	365.26	13.35	58.55	-70.59
20Q3 (6)	809	0.25	0.0	0.30	30.43	2900.0	-0.17	0.0	-88.89	0.12	170.59	-33.33	45.86	14.05	21.61	7.82	-13.88	-36.37	-1.72	17.31	-3.61	5.48	17.85	1789.66	-0.79	4.82	-25.4	2.41	29.57	3916.67	6.32	11.46	2772.73	5.48	17.85	1789.66	24.60	93.97	17.31
20Q2 (5)	807	-0.25	-0.25	0.23	157.5	35.29	-0.17	34.62	-440.0	-0.17	57.5	-200.0	40.21	35.16	-8.15	9.08	14.94	-42.57	-2.08	71.39	-210.64	4.65	142.9	47.15	-0.83	61.57	-201.22	1.86	157.06	38.81	5.67	148.05	35.97	4.65	142.9	47.15	-	-	0.00
20Q1 (4)	809	0.0	0.0	-0.40	-135.29	0.0	-0.26	-136.36	0.0	-0.40	-4100.0	0.0	29.75	-29.18	0.0	7.90	-43.49	0.0	-7.27	-288.77	0.0	-10.84	-227.49	0.0	-2.16	-173.42	0.0	-3.26	-132.86	0.0	-11.80	-268.75	0.0	-10.84	-227.49	0.0	-	-	0.00
19Q4 (3)	809	0.0	0.0	-0.17	-1800.0	0.0	-0.11	-22.22	0.0	0.01	-94.44	0.0	42.01	11.4	0.0	13.98	13.75	0.0	-1.87	-12.65	0.0	-3.31	-1241.38	0.0	-0.79	-25.4	0.0	-1.4	-2433.33	0.0	-3.20	-1554.55	0.0	-3.31	-1241.38	0.0	-	-	0.00
19Q3 (2)	809	0.0	0.0	0.01	-94.12	0.0	-0.09	-280.0	0.0	0.18	5.88	0.0	37.71	-13.86	0.0	12.29	-22.26	0.0	-1.66	-188.3	0.0	0.29	-90.82	0.0	-0.63	-176.83	0.0	0.06	-95.52	0.0	0.22	-94.72	0.0	0.29	-90.82	0.0	-	-	0.00
19Q2 (1)	809	0.0	0.0	0.17	0.0	0.0	0.05	0.0	0.0	0.17	0.0	0.0	43.78	0.0	0.0	15.81	0.0	0.0	1.88	0.0	0.0	3.16	0.0	0.0	0.82	0.0	0.0	1.34	0.0	0.0	4.17	0.0	0.0	3.16	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)
2024/5	18.86	4.64	32.81	80.32	37.21	53.49	N/A	-
2024/4	18.02	8.58	62.49	61.46	38.62	46.47	N/A	本月營收受惠於客戶訂單增加及去年基期較低，故本月營收較去年增加。
2024/3	16.6	40.16	44.05	43.43	30.66	43.43	0.7	-
2024/2	11.84	-20.98	6.39	26.83	23.55	41.57	0.74	-
2024/1	14.99	1.7	41.59	14.99	41.59	43.18	0.71	-
2023/12	14.74	9.52	26.78	165.72	1.19	44.67	0.52	-
2023/11	13.46	-18.35	11.44	150.99	-0.76	48.15	0.48	-
2023/10	16.48	-9.48	33.25	137.53	-1.81	52.34	0.44	-
2023/9	18.21	3.16	18.54	121.05	-5.21	49.59	0.54	-
2023/8	17.65	28.52	33.83	102.84	-8.45	44.3	0.6	-
2023/7	13.73	6.24	33.86	85.19	-14.08	40.86	0.66	-
2023/6	12.92	-8.99	-31.42	71.46	-19.61	38.22	0.74	-
2023/5	14.2	28.03	-9.16	58.54	-16.43	36.82	0.77	-
2023/4	11.09	-3.74	7.28	44.33	-18.52	33.75	0.84	-
2023/3	11.52	3.51	-30.67	33.24	-24.58	33.24	0.71	-
2023/2	11.13	5.15	-0.64	21.72	-20.89	33.34	0.71	-
2023/1	10.59	-8.93	-34.85	10.59	-34.85	34.28	0.69	-
2022/12	11.62	-3.71	-46.53	163.77	-26.24	36.07	0.57	-
2022/11	12.07	-2.38	-32.81	152.14	-24.04	39.8	0.51	-
2022/10	12.37	-19.47	-46.04	140.07	-23.18	40.92	0.5	-
2022/9	15.36	16.47	-37.65	127.7	-19.89	38.8	0.53	-
2022/8	13.19	28.56	-39.88	112.34	-16.64	42.29	0.48	-
2022/7	10.26	-45.57	-46.8	99.16	-12.13	44.74	0.46	-
2022/6	18.85	20.54	-7.49	88.9	-4.98	44.82	0.61	-
2022/5	15.64	51.22	15.85	70.05	-4.29	42.6	0.64	-
2022/4	10.34	-37.79	-29.28	54.41	-8.84	38.16	0.71	-
2022/3	16.62	48.35	-11.11	44.07	-2.21	44.07	0.76	-
2022/2	11.2	-31.05	-0.48	27.45	4.08	49.19	0.68	-
2022/1	16.25	-25.25	7.48	16.25	7.48	55.96	0.6	-
2021/12	21.74	20.98	27.88	222.05	32.19	62.63	0.47	-
2021/11	17.97	-21.6	3.66	200.31	32.67	65.53	0.45	-
2021/10	22.92	-6.95	27.72	182.34	36.44	69.49	0.42	-
2021/9	24.64	12.31	31.42	159.42	37.79	65.85	0.55	-
2021/8	21.93	13.75	57.29	134.78	39.02	61.59	0.59	茲因電視及顯示器出貨增加，致使本月營業收入淨額較去年同期增幅達50%以上
2021/7	19.28	-5.36	47.17	112.85	35.95	53.15	0.68	-
2021/6	20.37	50.96	35.42	93.57	33.85	48.49	0.84	-
2021/5	13.5	-7.68	-7.93	73.19	33.42	46.82	0.87	-
2021/4	14.62	-21.81	39.85	59.7	48.5	44.58	0.91	-
2021/3	18.7	66.08	78.88	45.07	51.55	45.07	0.62	茲因電腦周邊商品出貨增加，致使本年累計營業收入淨額較去年同期增幅達50%以上
2021/2	11.26	-25.52	49.6	26.38	36.73	43.38	0.64	-
2021/1	15.12	-11.07	28.5	15.12	28.5	49.45	0.57	-
2020/12	17.0	-1.92	24.54	167.97	10.41	52.28	0.5	-
2020/11	17.33	-3.4	23.57	150.97	9.02	54.03	0.48	-
2020/10	17.95	-4.26	26.37	133.64	7.38	50.64	0.51	-
2020/9	18.75	34.42	18.54	115.69	4.93	45.79	0.44	-
2020/8	13.94	6.43	11.54	96.95	2.66	42.09	0.48	-
2020/7	13.1	-12.91	40.57	83.0	1.3	42.81	0.47	-
2020/6	15.04	2.62	5.65	69.9	-3.73	40.16	0.34	-
2020/5	14.66	40.23	-15.0	54.86	-6.02	35.57	0.38	-
2020/4	10.45	0.0	-14.65	40.2	-2.26	28.43	0.47	-
2020/3	10.45	38.9	-11.32	29.74	2.99	29.74	0.6	-
2020/2	7.53	-36.03	30.1	19.29	12.87	32.94	0.54	-
2020/1	11.76	-13.81	4.05	11.76	4.05	39.44	0.45	-
2019/12	13.65	-2.68	-20.39	152.13	1.28	41.88	0.47	-
2019/11	14.03	-1.22	-19.01	138.48	4.08	44.04	0.45	-
2019/10	14.2	-10.19	-25.26	124.45	7.54	42.52	0.46	-
2019/9	15.81	26.48	-12.37	110.25	13.98	37.63	0.33	-
2019/8	12.5	34.13	6.59	94.43	20.03	36.06	0.35	-
2019/7	9.32	-34.54	24.08	81.93	22.38	0.0	N/A	-
2019/6	14.24	-17.43	48.76	72.61	22.17	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		營業利益率 YoY	稅後淨利率 YoY		營業利益 YoY		稅前淨利 YoY		稅後淨利 YoY
2023 (10)	770	-3.51	0.58	0	-0.19	165.84	1.4	9.59	5.27	-0.11	2.76	0	-0.18	0	5.69	0	4.46	0
2022 (9)	798	0.25	-3.45	0	0.65	163.55	-26.43	9.11	11.23	-1.24	-17.03	0	-2.03	0	-34.39	0	-27.54	0
2021 (8)	796	-1.61	6.15	804.41	-2.19	222.32	32.74	8.19	2.5	-1.48	22.59	564.41	-3.29	0	63.11	751.69	50.17	807.23
2020 (7)	809	0.0	0.68	6700.0	-1.01	167.48	10.04	7.99	-42.19	-3.33	3.40	2990.91	-5.57	0	7.41	1057.81	5.53	10960.0
2019 (6)	809	0.0	0.01	-94.74	-0.23	152.2	0.94	13.82	22.74	-0.71	0.11	-90.91	-1.09	0	0.64	-73.33	0.05	-96.79
2018 (5)	809	0.0	0.19	0	-0.20	150.78	-10.58	11.26	49.34	-0.44	1.21	0	-0.66	0	2.4	0	1.56	0
2017 (4)	809	0.0	-1.10	0	-0.82	168.62	-35.19	7.54	-24.83	-4.71	-5.03	0	-7.94	0	-10.74	0	-8.88	0
2016 (3)	809	-2.18	1.98	-3.41	-1.23	260.18	25.85	10.03	16.36	-1.44	6.41	-23.78	-3.74	0	21.68	-5.82	16.31	-6.8
2015 (2)	827	0.0	2.05	105.0	-2.01	206.74	15.92	8.62	-27.13	-4.54	8.41	74.84	-9.38	0	23.02	136.34	17.5	109.58
2014 (1)	827	2.35	1.00	-27.54	-0.11	178.35	-39.55	11.83	0	0.33	4.81	0	0.58	-83.19	9.74	-27.31	8.35	-26.11