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研究生:黃姿陵
研究生(外文):Huang Tzu-Ling
論文名稱:財務比率分析應用於企業診斷之研究—以統一與味全為例
論文名稱(外文):An Application of Financial Ratio Analysis on Uni-President and Wei-Chuan Companies
指導教授:潘振雄潘振雄引用關係
指導教授(外文):Steven Pan
學位類別:碩士
校院名稱:清雲科技大學
系所名稱:經營管理研究所
學門:商業及管理學門
學類:企業管理學類
論文種類:學術論文
論文出版年:2007
畢業學年度:95
語文別:英文
論文頁數:72
外文關鍵詞:Business diagnosisBernstein’s six items of financial analysis
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In this study, we adopted some quantitative indicators of financial analysis. From the numerable outputs performed from the corporate management, we may therefore observe, analyze, and understand the managerial characteristics of the corporate. Such analysis of the managerial characteristics is named “Bernstein’s six items of financial analysis”. It can in-depth diagnose the internal, external, and all aspects of the corporate entity; and it can find out where the true problem is. As a result, we may enhance the nature of the corporate, and then firmly enhance the performance of the corporate.
The study has discovered that some points should be noticed for Uni-President: 1. The level of long term loan is high. 2. The utilization of total assets is not good enough. 3. The efficiency of main operation and the ability of profit are not good enough. As to Wei-Chuan: 1. The Ability of short-term liquidity is not good enough. 2. Short-term debt and other debt are high. 3. Non-operating expenses and loss are high. 4. Improper use of fixed assets.
The findings of the study can provide the reference for the academy, financial industry, corporation, investors, creditors, and governmental authorities when they make decisions and related research. However, the study has its limitations in practice, such as the window dressing problem. In addition, corporations still have the hidden worries of financial crisis under the recession of the domestic economic situation. As a result, it is necessary to the establishment of the warning mechanism to the financial crisis in the conclusion of the study.
Contents
Abstract (in Chinese)……………………………………………………………… i
Abstract (in English)……………………………………………………………… ii
Acknowledgement……………………………………………………………………… iv
Contents………………………………………………………………………………… v
Table Lists…………………………………………………………………………… vii
Figure Captions ……………………………………………………………………… viii
Chapter 1 Introduction…………………………………………………………… 1
1.1 Background and Motive………………………………………………………… 1
1.2 Objectives………………………………………………………………………… 2
1.3 Scope………………………………………………………………………………… 2
1.4 Dissertation Outline and Research Procedure……………………… 3
1.4.1 Dissertation Outline……………………………………………………… 3
1.4.2 Research Procedure………………………………………………………… 4
Chapter 2 Literature Review……………………………………………………… 5
2.1 Definition of the Financial Crisis………………………………………5
2.1.1 Domestic Literature………………………………………………………… 5
2.1.2 Foreign Literature………………………………………………………… 6
2.2 Causes of the Financial Crisis…………………………………………… 8
2.2.1 Crisis Rank of the Foreign Corporations………………………… 8
2.2.2 Main Causes of Corporation Crises in Taiwan,Japan,and U.S.A.
……………………………………………………………………………………… 9
2.3 Financial Dimension of the Statement Analysis…………………… 10
2.4 Choices of the Financial Dimension and the Meanings…………… 11
2.5 Analysis of the Industry…………………………………………………… 22
Chapter 3 Research Method………………………………………………………… 24
3.1 Samples……………………………………………………………………………… 24
3.2 Source……………………………………………………………………………… 24
3.3 Research Method………………………………………………………………… 24
3.3.1 Case study……………………………………………………………………… 24
3.3.2 Analysis Tool of the Financial Statement………………………… 25
Chapter 4 Introduction of the Target Corporations…………………… 27
4.1 Uni-President Enterprises Corporation………………………………… 27
4.1.1 Introduction of the Corporation……………………………………… 27
4.1.2 The Operation System……………………………………………………… 28
4.1.3 Company’s Organizational Table……………………………………… 30
4.2 Wei-Chuan Foods Corporation……………………………………………… 32
4.2.1 Introduction of the Corporation……………………………………… 32
4.2.2 The Operating System……………………………………………………… 33
4.2.3 Company’s Organizational Table……………………………………… 33
Chapter 5 Case Study and Ratio Analysis of the Financial Item… 35
5.1 Uni-President Enterprises Corporation………………………………… 35
5.2 Wei-Chuan Foods Corporation……………………………………………… 43
5.3 Combined Analysis of Uni-President and Wei-Chuan from the
Financial Item………………………………………………………………… 51
Chapter 6 Conclusion and Suggestion………………………………………… 66
6.1 Conclusion………………………………………………………………………… 66
6.2 Research Limitation…………………………………………………………… 67
6.3 Suggestion………………………………………………………………………… 68
Reference………………………………………………………………………………… 69
Vita………………………………………………………………………………………… 72
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