United Microelectronics (United Microelectronics) Change In Inventory : $-159 Mil (TTM As of Dec. 2023)

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What is United Microelectronics Change In Inventory?

United Microelectronics's change in inventory for the quarter that ended in Dec. 2023 was $16 Mil. It means United Microelectronics's inventory declined by $16 Mil from Sep. 2023 to Dec. 2023 .

United Microelectronics's change in inventory for the fiscal year that ended in Dec. 2023 was $-158 Mil. It means United Microelectronics's inventory increased by $158 Mil from Dec. 2022 to Dec. 2023 .

United Microelectronics's Total Inventories for the quarter that ended in Dec. 2023 was $1,143 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. United Microelectronics's Days Inventory for the quarter that ended in Dec. 2023 was 87.65.

Inventory Turnover measures how fast the company turns over its inventory within a year. United Microelectronics's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.04.

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. United Microelectronics's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.65.

United Microelectronics Change In Inventory Historical Data

The historical data trend for United Microelectronics's Change In Inventory can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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United Microelectronics Change In Inventory Chart

United Microelectronics Annual Data

Trend

Dec14

Dec15

Dec16

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Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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-45.28

-35.96

-31.41

-249.17

-158.23

United Microelectronics Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Change In Inventory	Get a 7-Day Free Trial															-34.63	-54.91	-68.40	-51.82	16.06

United Microelectronics Change In Inventory Calculation

Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.

Change In Inventory for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-159 Mil.

United Microelectronics (NYSE:UMC) Change In Inventory Explanation

1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

United Microelectronics's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	1141.857	/	1188.806	*	365 / 4
	=	87.65

2. Inventory Turnover measures how fast the company turns over its inventory within a year.

United Microelectronics's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1188.806	/	1141.857
	=	1.04

3. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

United Microelectronics's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	1141.857	/	1758.58
	=	0.65

United Microelectronics Change In Inventory Related Terms

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United Microelectronics (United Microelectronics) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » United Microelectronics Corp (NYSE:UMC) » Definitions » Change In Inventory

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2303:Taiwan UMC:Mexico UMCB:Germany

Address

No. 3, Li-Hsin 2nd Road, Hsinchu Science Park, Hsinchu, TWN

Website

https://www.umc.com

Founded in 1980, United Microelectronics is the world's third-largest dedicated chip foundry, with 7% market share in 2022 after TSMC and GlobalFoundries. UMC's headquarters are in Hsinchu, Taiwan, and it operates 12 fabs in Taiwan, Mainland China, Japan and Singapore, with additional sales offices in Europe, the U.S. and South Korea. UMC features a diverse customer base including Texas Instruments, MediaTek, Qualcomm, Broadcom, Xilinx and Realtek, supplying a wide range of products applied in communications, display, memory, automotive and more. UMC employs about 20,000 people.