UMC Reports First Quarter 2024 Results

'

Cash and cash equivalents decreased to NT$119.43 billion. Days of inventory declined 4 days to 85 days.

Current Assets

(Amount: NT$ billion)

1Q24

 

4Q23

 

1Q23

Cash and Cash Equivalents

119.43

 

132.55

 

171.83

Accounts Receivable

30.68

 

29.59

 

27.07

Days Sales Outstanding

50

 

50

 

54

Inventories, net

34.59

 

35.71

 

32.68

Days of Inventory

85

 

89

 

83

Total Current Assets

205.16

 

216.80

 

241.97

Current liabilities decreased to NT$88.40 billion. Long-term credit/bonds decreased to NT$43.45 billion. Total liabilities decreased to NT$188.85 billion, leading to a debt to equity ratio of 50%.

Liabilities

(Amount: NT$ billion)

1Q24

 

4Q23

 

1Q23

Total Current Liabilities

88.40

 

99.02

 

105.89

Accounts Payable

7.46

 

7.53

 

9.21

Short-Term Credit / Bonds

25.60

 

29.54

 

9.77

Payables on Equipment

13.97

 

19.20

 

18.44

Other

41.37

 

42.75

 

68.47

Long-Term Credit / Bonds

43.45

 

45.24

 

37.30

Long-Term Investment Liabilities

-

 

-

 

4.26

Total Liabilities

188.85

 

199.61

 

194.08

Debt to Equity

50%

 

56%

 

55%

Analysis of Revenue2

Revenue from Asia-Pacific increased to 63% while business from North America grew to 25% of sales. Business from Europe declined to 8% while contribution from Japan remained at 4%.

Revenue Breakdown by Region

Region

1Q24

4Q23

3Q23

2Q23

1Q23

North America

25

%

23

%

27

%

27

%

31

%

Asia Pacific

63

%

62

%

58

%

56

%

50

%

Europe

8

%

11

%

12

%

12

%

11

%

Japan

4

%

4

%

3

%

5

%

8

%


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