United Microelectronics (United Microelectronics) Inventory Turnover : 1.04 (As of Dec. 2023)

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What is United Microelectronics Inventory Turnover?

Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. United Microelectronics's Cost of Goods Sold for the three months ended in Dec. 2023 was $1,189 Mil. United Microelectronics's Average Total Inventories for the quarter that ended in Dec. 2023 was $1,142 Mil. United Microelectronics's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.04.

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 three months ended in Dec. 2023 was 87.65.

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 Inventory Turnover Historical Data

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

United Microelectronics Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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6.41

6.44

6.24

5.41

4.30

United Microelectronics Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															1.28	1.10	1.07	1.01	1.04

United Microelectronics Inventory Turnover Calculation

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

	Inventory Turnover (A: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2023 )	/ (	(Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )
=	4633.031	/ (	(1013.622	+	1142.747)	/	2 )
=	4633.031	/	1078.1845
=	4.30

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

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	1188.806	/ (	(1140.967	+	1142.747)	/	2 )
=	1188.806	/	1141.857
=	1.04

United Microelectronics (NYSE:UMC) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

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 three months ended in Dec. 2023 is calculated as:

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

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 quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	1141.857	/	1758.58
	=	0.65

Be Aware

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.

United Microelectronics Inventory Turnover 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 » Inventory Turnover

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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.