UMC Reports Second Quarter 2024 Results

Cash and cash equivalents increased to NT$121.23 billion. Days of inventory increased 3 days to 88 days.

Current Assets

(Amount: NT$ billion)

2Q24

 

1Q24

 

2Q23

Cash and Cash Equivalents

121.23

 

119.43

 

163.10

Accounts Receivable

32.53

 

30.68

 

30.62

Days Sales Outstanding

51

 

50

 

47

Inventories, net

36.33

 

34.59

 

34.55

Days of Inventory

88

 

85

 

85

Total Current Assets

207.22

 

205.16

 

239.03

Current liabilities increased to NT$124.97 billion due to dividends payable of NT$37.59 billion. Payables on equipment increased to NT$22.36 billion. Total liabilities increased to NT$230.87 billion, leading to a debt to equity ratio of 65%.

Liabilities

(Amount: NT$ billion)

2Q24

 

1Q24

 

2Q23

Total Current Liabilities

124.97

 

88.40

 

142.98

Accounts Payable

8.18

 

7.46

 

8.83

Short-Term Credit / Bonds

16.21

 

25.60

 

11.59

Payables on Equipment

22.36

 

13.97

 

13.01

Dividends Payable

37.59

 

-

 

45.02

Other

40.63

 

41.37

 

64.53

Long-Term Credit / Bonds

47.48

 

43.45

 

36.06

Total Liabilities

230.87

 

188.85

 

226.31

Debt to Equity

65%

 

50%

 

69%

Analysis of Revenue2

Revenue from Asia-Pacific was flattish at 64% while business from North America remained unchanged at 25% of sales. Business from Europe declined to 7% while contribution from Japan was 4%.

Revenue Breakdown by Region

Region

2Q24

1Q24

4Q23

3Q23

2Q23

North America

25%

25%

23%

27%

27%

Asia Pacific

64%

63%

62%

58%

56%

Europe

7%

8%

11%

12%

12%

Japan

4%

4%

4%

3%

5%


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