順德 2351 - 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)	182	0.0	0.0	0.61	-46.49	-27.38	0.92	-1.08	-18.58	4.08	17.58	-20.93	25.99	-5.42	-8.74	15.36	-9.7	-6.46	2.04	-13.92	-23.31	1.11	-46.63	-27.45	5.64	-43.82	-25.0	4.61	-42.66	-22.0	-4.05	-21.89	6.17
23Q3 (19)	182	0.0	0.0	1.14	2.7	-19.15	0.93	13.41	-2.11	3.47	48.93	-19.68	27.48	-2.69	-8.34	17.01	9.53	6.18	2.37	3.04	-4.82	2.08	2.46	-18.75	10.04	0.1	-9.55	8.04	8.65	-10.57	1.24	-2.78	-11.51
23Q2 (18)	182	0.0	0.0	1.11	-8.26	-27.92	0.82	-36.43	-39.71	2.33	92.56	-20.21	28.24	5.18	-8.49	15.53	-24.02	-19.78	2.3	-25.57	-35.75	2.03	-8.14	-27.5	10.03	-8.74	-20.59	7.40	-13.95	-22.76	-0.27	17.89	-11.13
23Q1 (17)	182	0.0	0.0	1.21	44.05	-12.32	1.29	14.16	9.32	1.21	-76.55	-12.32	26.85	-5.72	-3.83	20.44	24.48	7.02	3.09	16.17	4.39	2.21	44.44	-12.3	10.99	46.14	-7.88	8.60	45.52	-9.76	-5.36	1.81	16.55
22Q4 (16)	182	0.0	0.0	0.84	-40.43	-25.66	1.13	18.95	1.8	5.16	19.44	10.26	28.48	-5.0	-6.16	16.42	2.5	-2.9	2.66	6.83	-7.32	1.53	-40.23	-25.73	7.52	-32.25	-21.67	5.91	-34.26	-21.62	-3.92	-24.43	-5.60
22Q3 (15)	182	0.0	0.0	1.41	-8.44	8.46	0.95	-30.15	-27.48	4.32	47.95	21.69	29.98	-2.85	3.34	16.02	-17.25	-16.26	2.49	-30.45	-24.55	2.56	-8.57	8.02	11.10	-12.11	-1.86	8.99	-6.16	1.35	3.84	1.58	-7.45
22Q2 (14)	182	0.0	0.0	1.54	11.59	25.2	1.36	15.25	-4.23	2.92	111.59	29.78	30.86	10.53	11.61	19.36	1.36	-4.54	3.58	20.95	5.29	2.8	11.11	25.0	12.63	5.87	14.4	9.58	0.52	13.91	1.26	16.86	10.78
22Q1 (13)	182	0.0	0.0	1.38	22.12	35.29	1.18	6.31	2.61	1.38	-70.51	35.29	27.92	-8.01	13.87	19.10	12.95	-2.7	2.96	3.14	10.45	2.52	22.33	36.22	11.93	24.27	20.63	9.53	26.39	21.87	-1.69	4.52	-4.48
21Q4 (12)	182	0.0	0.0	1.13	-13.08	48.68	1.11	-15.27	11.0	4.68	31.83	143.75	30.35	4.62	30.2	16.91	-11.6	-6.63	2.87	-13.03	23.18	2.06	-13.08	49.28	9.60	-15.12	17.79	7.54	-14.99	21.03	4.77	-3.69	-11.51
21Q3 (11)	182	0.0	0.0	1.30	5.69	154.9	1.31	-7.75	101.54	3.55	57.78	206.03	29.01	4.92	36.07	19.13	-5.67	15.52	3.3	-2.94	95.27	2.37	5.8	154.84	11.31	2.45	67.8	8.87	5.47	72.57	8.84	13.14	7.87
21Q2 (10)	182	0.0	-0.55	1.23	20.59	223.68	1.42	23.48	178.43	2.25	120.59	246.15	27.65	12.77	34.94	20.28	3.31	37.03	3.4	26.87	159.54	2.24	21.08	224.64	11.04	11.63	109.49	8.41	7.54	103.63	8.98	27.40	19.24
21Q1 (9)	182	0.0	0.0	1.02	34.21	277.78	1.15	15.0	379.17	1.02	-46.87	277.78	24.52	5.19	26.39	19.63	8.39	49.73	2.68	15.02	294.12	1.85	34.06	277.55	9.89	21.35	163.03	7.82	25.52	144.38	7.26	41.62	34.42
20Q4 (8)	182	0.0	0.0	0.76	49.02	153.33	1.00	53.85	66.67	1.92	65.52	-28.89	23.31	9.33	8.22	18.11	9.36	27.45	2.33	37.87	58.5	1.38	48.39	150.91	8.15	20.92	90.42	6.23	21.21	84.32	6.69	41.62	40.65
20Q3 (7)	182	-0.55	0.0	0.51	34.21	-26.09	0.65	27.45	-14.47	1.16	78.46	-51.46	21.32	4.05	0.09	16.56	11.89	-10.78	1.69	29.01	-10.58	0.93	34.78	-26.19	6.74	27.89	-18.6	5.14	24.46	-23.4	4.83	37.48	69.97
20Q2 (6)	183	0.55	0.55	0.38	40.74	-55.81	0.51	112.5	-40.0	0.65	140.74	-61.76	20.49	5.62	-10.48	14.80	12.89	-22.27	1.31	92.65	-41.78	0.69	40.82	-55.77	5.27	40.16	-46.5	4.13	29.06	-44.93	-2.16	15.37	26.25
20Q1 (5)	182	0.0	0.0	0.27	-10.0	-67.86	0.24	-60.0	-69.62	0.27	-90.0	-67.86	19.4	-9.94	-14.42	13.11	-7.74	-25.26	0.68	-53.74	-64.21	0.49	-10.91	-68.18	3.76	-12.15	-57.51	3.20	-5.33	-55.49	-	-	0.00
19Q4 (4)	182	0.0	0.0	0.30	-56.52	0.0	0.60	-21.05	0.0	2.70	12.97	0.0	21.54	1.13	0.0	14.21	-23.44	0.0	1.47	-22.22	0.0	0.55	-56.35	0.0	4.28	-48.31	0.0	3.38	-49.63	0.0	-	-	0.00
19Q3 (3)	182	0.0	0.0	0.69	-19.77	0.0	0.76	-10.59	0.0	2.39	40.59	0.0	21.3	-6.95	0.0	18.56	-2.52	0.0	1.89	-16.0	0.0	1.26	-19.23	0.0	8.28	-15.94	0.0	6.71	-10.53	0.0	-	-	0.00
19Q2 (2)	182	0.0	0.0	0.86	2.38	0.0	0.85	7.59	0.0	1.70	102.38	0.0	22.89	0.97	0.0	19.04	8.55	0.0	2.25	18.42	0.0	1.56	1.3	0.0	9.85	11.3	0.0	7.50	4.31	0.0	-	-	0.00
19Q1 (1)	182	0.0	0.0	0.84	0.0	0.0	0.79	0.0	0.0	0.84	0.0	0.0	22.67	0.0	0.0	17.54	0.0	0.0	1.9	0.0	0.0	1.54	0.0	0.0	8.85	0.0	0.0	7.19	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	8.27	19.71	-20.5	23.84	-11.2	23.84	N/A	-
2024/2	6.91	-20.23	-19.86	15.57	-5.32	23.97	N/A	-
2024/1	8.66	3.18	10.7	8.66	10.7	25.94	N/A	-
2023/12	8.39	-5.54	-9.86	108.57	-7.39	26.0	1.38	-
2023/11	8.89	1.94	-9.41	100.18	-7.17	26.87	1.33	-
2023/10	8.72	-5.87	-6.8	91.29	-6.95	27.24	1.31	-
2023/9	9.26	0.03	-9.54	82.57	-6.97	27.49	1.34	-
2023/8	9.26	3.21	-6.3	73.31	-6.63	27.64	1.33	-
2023/7	8.97	-4.65	-8.99	64.05	-6.68	27.88	1.32	-
2023/6	9.41	-0.94	-5.18	55.08	-6.29	28.28	1.28	-
2023/5	9.5	1.33	-11.17	45.67	-6.52	29.23	1.24	-
2023/4	9.37	-9.48	-8.52	36.18	-5.22	28.35	1.28	-
2023/3	10.36	20.09	5.04	26.8	-4.0	26.8	1.42	-
2023/2	8.62	10.19	3.71	16.45	-8.94	25.76	1.48	-
2023/1	7.82	-15.98	-19.74	7.82	-19.74	26.95	1.41	-
2022/12	9.31	-5.08	-13.24	117.24	5.12	28.44	1.36	-
2022/11	9.81	5.27	-2.0	107.93	7.08	29.41	1.31	-
2022/10	9.32	-9.28	-2.95	98.12	8.08	29.48	1.31	-
2022/9	10.27	3.97	3.77	88.8	9.39	30.01	1.42	-
2022/8	9.88	0.24	1.64	78.52	10.16	29.66	1.44	-
2022/7	9.86	-0.65	5.04	68.64	11.51	30.47	1.4	-
2022/6	9.92	-7.2	6.11	58.78	12.67	30.88	1.51	-
2022/5	10.69	4.15	17.54	48.86	14.11	30.8	1.52	-
2022/4	10.27	4.34	11.6	38.17	13.18	28.42	1.64	-
2022/3	9.84	18.34	11.67	27.9	13.78	27.9	1.62	-
2022/2	8.31	-14.72	17.98	18.06	14.96	28.78	1.57	-
2022/1	9.75	-8.98	12.51	9.75	12.51	30.48	1.48	-
2021/12	10.71	6.99	30.58	111.5	31.94	30.34	1.35	-
2021/11	10.01	4.11	29.25	100.79	32.09	29.52	1.38	-
2021/10	9.62	-2.72	30.75	90.78	32.41	29.23	1.4	-
2021/9	9.89	1.69	29.35	81.16	32.61	29.09	1.36	-
2021/8	9.72	2.53	38.88	71.27	33.08	28.46	1.39	-
2021/7	9.48	2.44	42.08	61.55	32.2	27.83	1.42	-
2021/6	9.25	1.72	35.09	52.07	30.55	27.55	1.32	-
2021/5	9.1	-1.14	33.17	42.82	29.61	27.11	1.34	-
2021/4	9.2	4.5	35.2	33.72	28.68	25.06	1.45	-
2021/3	8.81	24.96	22.97	24.52	26.39	24.52	1.26	-
2021/2	7.05	-18.67	22.2	15.71	28.39	23.86	1.3	-
2021/1	8.67	6.39	33.9	8.67	33.9	24.58	1.26	-
2020/12	8.14	4.86	5.66	84.45	-4.46	23.27	1.21	-
2020/11	7.77	5.59	8.3	76.3	-5.43	22.75	1.23	-
2020/10	7.36	-3.52	10.4	68.54	-6.77	21.98	1.28	-
2020/9	7.62	8.91	10.68	61.18	-8.48	21.3	1.29	-
2020/8	7.0	4.9	0.31	53.56	-10.68	20.46	1.35	-
2020/7	6.67	-1.76	-10.2	46.56	-12.13	20.3	1.36	-
2020/6	6.79	-0.56	-4.27	39.88	-12.45	20.43	1.37	-
2020/5	6.83	0.36	-14.01	33.09	-13.96	20.85	1.35	-
2020/4	6.81	-5.69	-13.27	26.26	-13.94	19.79	1.42	-
2020/3	7.22	25.16	-8.24	19.45	-14.18	19.45	1.39	-
2020/2	5.77	-10.89	-7.55	12.24	-17.33	19.95	1.36	-
2020/1	6.47	-16.04	-24.45	6.47	-24.45	21.35	1.27	-
2019/12	7.71	7.49	-9.78	88.4	-15.13	21.54	1.21	-
2019/11	7.17	7.6	-16.71	80.69	-15.61	20.72	1.26	-
2019/10	6.66	-3.21	-21.66	73.52	-15.5	20.53	1.27	-
2019/9	6.89	-1.32	-22.71	66.85	-14.84	21.3	1.41	-
2019/8	6.98	-6.12	-24.35	59.97	-13.83	21.5	1.4	-
2019/7	7.43	4.79	-20.21	52.99	-12.22	22.47	1.34	-
2019/6	7.09	-10.71	-23.51	45.56	-10.76	22.91	1.34	-
2019/5	7.94	0.92	-13.46	38.46	-7.94	0.0	N/A	-
2019/4	7.87	0.35	-6.94	30.52	-6.38	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)	182	0.0	4.07	-21.12	3.96	-14.29	108.57	-7.4	17.08	-3.67	9.79	-16.25	10.01	-21.18	7.43	-21.04
2022 (9)	182	0.0	5.16	10.26	4.62	-7.6	117.24	5.12	17.73	-6.29	11.69	-4.57	12.7	8.73	9.41	10.45
2021 (8)	182	0.0	4.68	143.75	5.00	108.33	111.53	31.97	18.92	19.97	12.25	103.49	11.68	126.8	8.52	144.13
2020 (7)	182	0.0	1.92	-28.89	2.40	-20.27	84.51	-4.39	15.77	-9.16	6.02	-19.84	5.15	-25.9	3.49	-29.07
2019 (6)	182	0.0	2.70	-40.53	3.01	-30.48	88.39	-15.14	17.36	-6.36	7.51	-31.67	6.95	-39.04	4.92	-40.65
2018 (5)	182	0.0	4.54	15.52	4.33	-1.37	104.16	8.72	18.54	-4.14	10.99	3.48	11.4	16.45	8.29	15.78
2017 (4)	182	0.0	3.93	-1.5	4.39	3.05	95.81	8.8	19.34	-7.06	10.62	1.14	9.79	-2.39	7.16	-1.65
2016 (3)	182	0.0	3.99	26.67	4.26	42.95	88.06	0.15	20.81	22.12	10.5	38.34	10.03	26.64	7.28	26.61
2015 (2)	182	1.11	3.15	-20.05	2.98	-17.68	87.93	-10.26	17.04	-4.48	7.59	-18.82	7.92	-19.92	5.75	-19.24
2014 (1)	180	0.0	3.94	46.47	3.62	44.22	97.98	8.16	17.84	0	9.35	41.03	9.89	43.33	7.12	47.11