United Microelectronics (TPE:2303) Receivables Turnover : 1.86 (As of Sep. 2024)

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What is United Microelectronics Receivables Turnover?

The Receivables Turnover ratio measures the number of times a company collects its average accounts receivable balance. It is calculated as Revenue divided by average Accounts Receivable. An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. United Microelectronics's Revenue for the three months ended in Sep. 2024 was NT$60,485 Mil. United Microelectronics's average Accounts Receivable for the three months ended in Sep. 2024 was NT$32,505 Mil. Hence, United Microelectronics's Receivables Turnover for the three months ended in Sep. 2024 was 1.86.

United Microelectronics Receivables Turnover Historical Data

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

United Microelectronics Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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6.02

6.72

6.90

7.84

6.78

United Microelectronics Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Receivables Turnover	Get a 7-Day Free Trial															1.89	1.84	1.84	1.83	1.86

Competitive Comparison of United Microelectronics's Receivables Turnover

For the Semiconductors subindustry, United Microelectronics's Receivables Turnover, along with its competitors' market caps and Receivables Turnover 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 Receivables Turnover Distribution in the Semiconductors Industry

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

* The bar in red indicates where United Microelectronics's Receivables Turnover falls into.

United Microelectronics Receivables Turnover Calculation

Receivables Turnover measures the number of times a company collects its average accounts receivable balance.

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

	Receivables Turnover (A: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2023 )	/ (	(Accounts Receivable (A: Dec. 2022 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )
=	222533	/ (	(36444.51	+	29237.55)	/	2 )
=	222533	/	32841.03
=	6.78

United Microelectronics's Receivables Turnover for the quarter that ended in Sep. 2024 is calculated as

	Receivables Turnover (Q: Sep. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2024 )	/ (	(Accounts Receivable (Q: Jun. 2024 )	+	Accounts Receivable (Q: Sep. 2024 ))	/	count )
=	60485.085	/ (	(31966.675	+	33043.521)	/	2 )
=	60485.085	/	32505.098
=	1.86

United Microelectronics (TPE:2303) Receivables Turnover Explanation

An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. This metric is commonly used to compare companies within the same industry to check whether they are on par with their competitors.

United Microelectronics Receivables Turnover Related Terms

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United Microelectronics Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » United Microelectronics Corp (TPE:2303) » Definitions » Receivables Turnover

Comparable Companies

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UMC:USA 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 2023 after TSMC and SMIC. 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 us, and South Korea. UMC features a diverse customer base that includes 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.

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