United Microelectronics (United Microelectronics) Days Inventory : 87.65 (As of Dec. 2023)

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What is United Microelectronics Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). United Microelectronics's Average Total Inventories for the three months ended in Dec. 2023 was $1,142 Mil. United Microelectronics's Cost of Goods Sold for the three months ended in Dec. 2023 was $1,189 Mil. Hence, United Microelectronics's Days Inventory for the three months ended in Dec. 2023 was 87.65.

The historical rank and industry rank for United Microelectronics's Days Inventory or its related term are showing as below:

UMC' s Days Inventory Range Over the Past 10 Years
Min: 49.33 Med: 55.61 Max: 86
Current: 86

During the past 13 years, United Microelectronics's highest Days Inventory was 86.00. The lowest was 49.33. And the median was 55.61.

UMC's Days Inventory is ranked better than
68.44% of 941 companies
in the Semiconductors industry
Industry Median: 131.06 vs UMC: 86.00

United Microelectronics's Days Inventory increased from Dec. 2022 (71.39) to Dec. 2023 (87.65). It might indicate that United Microelectronics's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. United Microelectronics's Inventory Turnover for the three months 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 three months ended in Dec. 2023 was 0.65.

United Microelectronics Days Inventory Historical Data

The historical data trend for United Microelectronics's Days 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 Days Inventory Chart

United Microelectronics Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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56.97

56.66

58.52

67.41

84.94

United Microelectronics Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory	Get a 7-Day Free Trial															71.39	82.98	85.52	90.31	87.65

Competitive Comparison of United Microelectronics's Days Inventory

For the Semiconductors subindustry, United Microelectronics's Days Inventory, along with its competitors' market caps and Days Inventory data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

United Microelectronics's Days Inventory Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, United Microelectronics's Days Inventory distribution charts can be found below:

* The bar in red indicates where United Microelectronics's Days Inventory falls into.

United Microelectronics Days Inventory Calculation

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 fiscal year that ended in Dec. 2023 is calculated as

	Days Inventory (A: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (1013.622	+	1142.747)	/	2 )	/	4633.031	*	365
=	1078.1845					/	4633.031	*	365
=	84.94

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

	Days Inventory (Q: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (1140.967	+	1142.747)	/	2 )	/	1188.806	*	365 / 4
=	1141.857					/	1188.806	*	365 / 4
=	87.65

United Microelectronics (NYSE:UMC) Days Inventory Explanation

Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:

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

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

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

2. 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 three months ended in Dec. 2023 is calculated as

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

Be Aware

A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.

United Microelectronics Days Inventory Related Terms

Thank you for viewing the detailed overview of United Microelectronics's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

United Microelectronics (United Microelectronics) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

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.