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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 Mar. 2026 was $1,915 Mil. United Microelectronics's average Accounts Receivable for the
three
months ended in Mar. 2026 was $1,035 Mil.
Hence, United Microelectronics's Receivables Turnover for the
three
months ended in Mar. 2026 was 1.85.
United Microelectronics (NYSE:UMC) 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
United Microelectronics Receivables Turnover Historical Data
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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.
United Microelectronics Receivables Turnover Chart
UMC vs NVDA, AVGO, MU: Receivables Turnover Comparison
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 Receivables Turnover vs 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.
* 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.
United Microelectronics (UMC) has a Receivables Turnover of 1.85 as of Mar. 2026. The accounts 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. View historical data on United Microelectronics and its competitors. According to the industry distribution chart, United Microelectronics ranks #338 out of 1017 companies in the Semiconductors industry, placing it in the top 33.2%.
Is United Microelectronics' Receivables Turnover too high?
United Microelectronics' current Receivables Turnover is 1.85. The Semiconductors industry median Receivables Turnover is 5.81. United Microelectronics' value of 1.85 is 68.2% below this industry median. Based on the distribution chart, United Microelectronics ranks #338 out of 1017 companies in the Semiconductors industry, which is above the industry midpoint. Overall, United Microelectronics has a GF Score™ of 76/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does United Microelectronics' Receivables Turnover compare to NVDA and AVGO?
According to the Semiconductors industry distribution chart, United Microelectronics ranks #338 out of 1017 companies for Receivables Turnover. This puts United Microelectronics in the upper half of its industry. The industry median Receivables Turnover is 5.81. United Microelectronics' value of 1.85 is 68.2% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Receivables Turnover for a Semiconductors company?
The median Receivables Turnover among Semiconductors companies is 5.81, based on 1,017 companies in the industry. Companies in the top quartile (top 25%) have a Receivables Turnover significantly above this median, while those in the bottom quartile fall well below. However, Receivables Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. United Microelectronics's current Receivables Turnover of 1.85 is 68.2% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Receivables Turnover mean?
A high Receivables Turnover can signal that a stock is expensive relative to its fundamentals. The accounts 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. View historical data on United Microelectronics and its competitors. For the Semiconductors industry, the median Receivables Turnover is 5.81 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. United Microelectronics's current Receivables Turnover is 1.85. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is United Microelectronics stock overvalued right now?
Based on GuruFocus' analysis, United Microelectronics (UMC) is currently considered Significantly Overvalued. The stock's GF Value™ is $7.96, compared to a current price of $19.08 — trading 139.7% above its estimated fair value. The current Receivables Turnover is 1.85 and 68.2% below the Semiconductors industry median of 5.81. United Microelectronics' overall GF Score™ is 76/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Receivables Turnover calculated?
Receivables Turnover is calculated from a company's financial statements. For United Microelectronics (UMC), the current Receivables Turnover is 1.85 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is United Microelectronics (UMC) Overvalued in 2026?
Based on GuruFocus' analysis, United Microelectronics stock appears to be overvalued.
The current stock price of $19.08 is trading 139.7% above its estimated GF Value™ of $7.96.
GuruFocus considers United Microelectronics to be Significantly Overvalued.
Key valuation signals for UMC:
Receivables Turnover: 1.85
GF Value™: $7.96 vs. price of $19.08 (139.7% above fair value)
Industry Position: 68.2% below the Semiconductors median (#338 of 1017)
No single metric tells the full story. See the UMC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Founded in 1980, United Microelectronics is the world's third-largest dedicated chip foundry, with close to 5% market share in 2025 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, Intel, Broadcom, Novatek, and Realtek, supplying a wide range of products applied in communications, display, memory, automotive and more. UMC employs about 19,000 people as of February 2025.
76GF Score
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