A Financial Statement-Based Analysis of The Operation Performance of Taiwanese Listed Companies in the Semiconductor Downstream Lead Frame Industry- The Case Study for Listed Company

[[abstract]]財務報表分析最常運用的工具即為財務比率分析，也是投資人與債權人最想瞭解公司經營狀況之最佳方法，即為對企業及同業執行財務比率分析，藉此可以對於該企業之過去營運績效及財務狀況更加清晰明瞭。本論文針對我國半導體下游導線架之A上市公司為研究對象。由財務比率資料分析其A公司之毛利率、營業淨利率、稅前純益率、純益率、資產報酬率及權益報酬率呈成長趨勢，且優於同業；A公司因產線不足，目前已積極擴建廠房，以增加產線。A公司亦需隨時掌握市場競爭優勢，爭取國際IDM大廠之訂單，以滿足產線之需求，未來將具有強大之成長性。 另除了財務報表分析外，唯有財務經理人瞭解其公司生產作業及經營決策，並提出高獲利之建議事蹟，以供經營階層作出最佳之決策才能達成「提高營運效率」、「降低成本」等成功之經營績效。[[abstract]]Financial ratio analysis is the most frequently-used tool to examine financial statements as well as the best way for investors and creditors to better understand the operations of companies Employing financial ratio analysis on an enterprise and its peers offers a clearer description of these firms’ past performances (Operating Performance) as well as their current financial situation This study analyzes a Taiwanese listed company- Company A a provider of semiconductor lead frames (a downstream product) A financial ratio analysis of Company A’s gross profit margins net operating profit margins pre-tax profit margins net profit margins return on assets and return on equity showed a growth rate higher than that of its peers Due to insufficient production lines Company A is actively expanding its factory to add production lines Company A also needs to maintain a competitive edge in the market and compete for purchase orders from major interactive device manufacturers to meet the demand of its production lines and realize its massive growth potential Besides analyzing financial statements financial managers need to understand the company’s operations and policy decisions and make suggestions on how to enhance profitability so the management can formulate optimal policies to “improve efficiency” and “reduce costs” and to achieve business succes