United Microelectronics
UMC · NYSESemiconductors & Related Devices · Fiscal year ends Dec 31 · Reports in TWD
United Microelectronics reported revenue of TWD 232B in the fiscal year ended Dec 2024, up 4.4% from the year before. Operating income was TWD 51.6B, an operating margin of 22.2%, and net income was TWD 48.7B. Operating cash flow of TWD 93.9B less capital expenditure of TWD 88.5B left free cash flow of TWD 5.3B.
Last 5 fiscal years
Revenue and net income
Income statement
| Fiscal year | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 |
|---|---|---|---|---|---|
| Revenue | TWD 177B | TWD 213B | TWD 279B | TWD 223B | TWD 232B |
| Cost of revenue | TWD 138B | TWD 141B | TWD 153B | TWD 145B | TWD 157B |
| Gross profit | TWD 39B | TWD 72B | TWD 126B | TWD 77.7B | TWD 75.7B |
| Research & development | TWD 12.9B | TWD 12.9B | TWD 13B | TWD 13.3B | TWD 15.6B |
| Operating income | TWD 21.9B | TWD 51.7B | TWD 104B | TWD 57.9B | TWD 51.6B |
| Interest expense | TWD 2.1B | TWD 2B | TWD 1.9B | TWD 1.6B | TWD 1.8B |
| Pre-tax income | TWD 22.5B | TWD 58.5B | TWD 110B | TWD 68.5B | TWD 57B |
| Income tax | TWD 1.7B | TWD 7.9B | TWD 19.3B | TWD 8.3B | TWD 8.4B |
| Net income | TWD 20.9B | TWD 50.6B | TWD 90.3B | TWD 60.1B | TWD 48.7B |
Balance sheet
| Fiscal year | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 |
|---|---|---|---|---|---|
| Cash & equivalents | TWD 94B | TWD 133B | TWD 174B | TWD 133B | TWD 105B |
| Inventory | TWD 22.6B | TWD 23B | TWD 31.1B | TWD 35.7B | TWD 35.8B |
| Current assets | TWD 164B | TWD 233B | TWD 252B | TWD 217B | TWD 190B |
| Net PP&E | TWD 133B | TWD 130B | TWD 171B | TWD 239B | TWD 279B |
| Total assets | TWD 366B | TWD 451B | TWD 525B | TWD 547B | TWD 560B |
| Current liabilities | TWD 79.5B | TWD 108B | TWD 113B | TWD 102B | TWD 77.4B |
| Total liabilities | TWD 143B | TWD 187B | TWD 202B | TWD 203B | TWD 194B |
| Shareholders' equity | TWD 223B | TWD 264B | TWD 322B | TWD 343B | TWD 365B |
Cash flow
| Fiscal year | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 |
|---|---|---|---|---|---|
| Operating cash flow | TWD 65.7B | TWD 90.4B | TWD 146B | TWD 86B | TWD 93.9B |
| Capital expenditure | TWD 26.3B | TWD 48B | TWD 80.1B | TWD 91.5B | TWD 88.5B |
| Free cash flow | TWD 39.4B | TWD 42.3B | TWD 65.7B | −TWD 5.5B | TWD 5.3B |
Key ratios
| Fiscal year | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 |
|---|---|---|---|---|---|
| Revenue growth (YoY) | – | 20.5% | 30.8% | −20.2% | 4.4% |
| Operating income growth (YoY) | – | 135.7% | 101.8% | −44.5% | −10.8% |
| Gross margin | 22.1% | 33.8% | 45.1% | 34.9% | 32.6% |
| Operating margin | 12.4% | 24.3% | 37.4% | 26.0% | 22.2% |
| Net margin | 11.8% | 23.7% | 32.4% | 27.0% | 21.0% |
| Return on equityBlank when equity is negative | 9.3% | 19.1% | 28.0% | 17.5% | 13.3% |
| ROCEEBIT ÷ (assets − current liabilities) | 7.6% | 15.1% | 25.3% | 13.0% | 10.7% |
| Free cash flow margin | 22.3% | 19.9% | 23.6% | −2.5% | 2.3% |
| Cash conversion (CFO ÷ net income) | 3.15x | 1.79x | 1.62x | 1.43x | 1.93x |
| Inventory days | 60 | 60 | 74 | 90 | 83 |
| Interest cover | 10.6x | 26.3x | 55.9x | 36.9x | 29.4x |
| Current ratio | 2.07x | 2.15x | 2.24x | 2.13x | 2.45x |
Recent filings
More in Semiconductors & Related Devices
Standardised figures from the company's XBRL filings with the SEC (10-K, 10-Q). Line items follow US GAAP tags, so a company's own statement layout may differ and some lines show “–” where the company does not report that item. Ratios are calculated from these figures. For education only; not investment advice or a recommendation.