United Change To Netincome vs Change In Working Capital Analysis

UMC Stock

USD 8.12 0.35 4.50%

United Microelectronics financial indicator trend analysis is much more than just breaking down United Microelectronics prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether United Microelectronics is a good investment. Please check the relationship between United Microelectronics Change To Netincome and its Change In Working Capital accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in United Microelectronics. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in industry.

For information on how to trade United Stock refer to our How to Trade United Stock guide.

Change To Netincome vs Change In Working Capital

Change To Netincome vs Change In Working Capital Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of United Microelectronics Change To Netincome account and Change In Working Capital. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between United Microelectronics' Change To Netincome and Change In Working Capital is -0.22. Overlapping area represents the amount of variation of Change To Netincome that can explain the historical movement of Change In Working Capital in the same time period over historical financial statements of United Microelectronics, assuming nothing else is changed. The correlation between historical values of United Microelectronics' Change To Netincome and Change In Working Capital is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Change To Netincome of United Microelectronics are associated (or correlated) with its Change In Working Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Change In Working Capital has no effect on the direction of Change To Netincome i.e., United Microelectronics' Change To Netincome and Change In Working Capital go up and down completely randomly.

Correlation Coefficient

-0.22

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Change To Netincome

Change In Working Capital

The difference in the amount of working capital from one period to the next, indicating the change in a company's short-term assets and liabilities.

Most indicators from United Microelectronics' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into United Microelectronics current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in United Microelectronics. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in industry.

For information on how to trade United Stock refer to our How to Trade United Stock guide.At present, United Microelectronics' Enterprise Value Multiple is projected to drop based on the last few years of reporting.

	2023	2024	2025	2026 (projected)
Gross Profit	77.7B	75.7B	87.0B	91.4B
Total Revenue	222.5B	232.3B	267.1B	149.0B

Gross Profit Total Revenue

United Microelectronics fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Net Receivables	Common Stock Total Equity	Common Stock Shares Outstanding	Short Term Investments	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets
Total Assets		0.62	0.76	0.82	0.96	0.87	-0.33	-0.54	0.82	-0.15	0.84	0.93	-0.45	-0.32	0.82	0.95	0.3	-0.41	0.41	0.78	0.86	-0.08	-0.61	0.92	0.8	0.9
Short Long Term Debt Total	0.62		0.27	0.49	0.46	0.67	-0.05	0.13	0.38	-0.26	0.39	0.65	-0.42	0.13	0.35	0.55	0.29	-0.11	0.02	0.8	0.5	0.5	-0.25	0.77	0.26	0.47
Other Current Liab	0.76	0.27		0.83	0.7	0.4	-0.63	-0.85	0.76	0.15	0.93	0.51	-0.28	-0.27	0.94	0.81	0.07	-0.53	0.65	0.65	0.78	-0.22	-0.51	0.74	0.83	0.92
Total Current Liabilities	0.82	0.49	0.83		0.69	0.52	-0.27	-0.72	0.57	0.04	0.91	0.59	-0.41	0.03	0.92	0.88	0.31	-0.23	0.57	0.59	0.63	0.01	-0.36	0.89	0.6	0.93
Total Stockholder Equity	0.96	0.46	0.7	0.69		0.87	-0.32	-0.53	0.86	-0.21	0.75	0.93	-0.43	-0.5	0.74	0.88	0.28	-0.49	0.39	0.68	0.87	-0.25	-0.64	0.78	0.84	0.81
Property Plant And Equipment Net	0.87	0.67	0.4	0.52	0.87		0.01	-0.13	0.7	-0.43	0.48	0.98	-0.52	-0.4	0.44	0.71	0.4	-0.28	0.08	0.73	0.73	0.06	-0.55	0.75	0.63	0.57
Current Deferred Revenue	-0.33	-0.05	-0.63	-0.27	-0.32	0.01		0.55	-0.47	-0.47	-0.54	-0.13	-0.22	0.28	-0.56	-0.37	0.39	0.45	-0.42	-0.32	-0.44	0.36	0.41	-0.28	-0.48	-0.5
Net Debt	-0.54	0.13	-0.85	-0.72	-0.53	-0.13	0.55		-0.54	-0.29	-0.86	-0.25	0.12	0.11	-0.87	-0.66	-0.06	0.3	-0.55	-0.24	-0.5	0.41	0.42	-0.48	-0.61	-0.8
Retained Earnings	0.82	0.38	0.76	0.57	0.86	0.7	-0.47	-0.54		-0.05	0.71	0.78	-0.22	-0.6	0.68	0.72	-0.02	-0.76	0.26	0.8	0.97	-0.21	-0.85	0.65	0.96	0.72
Accounts Payable	-0.15	-0.26	0.15	0.04	-0.21	-0.43	-0.47	-0.29	-0.05		0.13	-0.3	0.79	0.07	0.14	-0.06	-0.79	-0.04	0.1	-0.18	-0.17	-0.22	-0.19	-0.06	-0.01	0.06
Cash	0.84	0.39	0.93	0.91	0.75	0.48	-0.54	-0.86	0.71	0.13		0.58	-0.32	-0.06	0.98	0.9	0.19	-0.36	0.52	0.63	0.73	-0.13	-0.53	0.85	0.72	0.98
Non Current Assets Total	0.93	0.65	0.51	0.59	0.93	0.98	-0.13	-0.25	0.78	-0.3	0.58		-0.43	-0.44	0.55	0.78	0.29	-0.38	0.18	0.75	0.8	-0.03	-0.62	0.79	0.72	0.66
Non Currrent Assets Other	-0.45	-0.42	-0.28	-0.41	-0.43	-0.52	-0.22	0.12	-0.22	0.79	-0.32	-0.43		-0.06	-0.32	-0.48	-0.91	0.0	-0.21	-0.39	-0.41	-0.16	-0.14	-0.43	-0.19	-0.39
Other Assets	-0.32	0.13	-0.27	0.03	-0.5	-0.4	0.28	0.11	-0.6	0.07	-0.06	-0.44	-0.06		-0.1	-0.14	0.22	0.61	-0.21	-0.22	-0.52	0.45	0.56	-0.02	-0.64	-0.12
Cash And Short Term Investments	0.82	0.35	0.94	0.92	0.74	0.44	-0.56	-0.87	0.68	0.14	0.98	0.55	-0.32	-0.1		0.9	0.19	-0.38	0.67	0.59	0.71	-0.2	-0.44	0.82	0.72	0.98
Net Receivables	0.95	0.55	0.81	0.88	0.88	0.71	-0.37	-0.66	0.72	-0.06	0.9	0.78	-0.48	-0.14	0.9		0.33	-0.37	0.55	0.7	0.77	-0.07	-0.45	0.91	0.72	0.96
Common Stock Total Equity	0.3	0.29	0.07	0.31	0.28	0.4	0.39	-0.06	-0.02	-0.79	0.19	0.29	-0.91	0.22	0.19	0.33		0.33	0.12	0.13	0.13	0.18	0.27	0.3	-0.04	0.25
Common Stock Shares Outstanding	-0.41	-0.11	-0.53	-0.23	-0.49	-0.28	0.45	0.3	-0.76	-0.04	-0.36	-0.38	0.0	0.61	-0.38	-0.37	0.33		-0.32	-0.55	-0.74	0.25	0.53	-0.23	-0.77	-0.37
Short Term Investments	0.41	0.02	0.65	0.57	0.39	0.08	-0.42	-0.55	0.26	0.1	0.52	0.18	-0.21	-0.21	0.67	0.55	0.12	-0.32		0.17	0.33	-0.4	0.1	0.39	0.45	0.6
Non Current Liabilities Total	0.78	0.8	0.65	0.59	0.68	0.73	-0.32	-0.24	0.8	-0.18	0.63	0.75	-0.39	-0.22	0.59	0.7	0.13	-0.55	0.17		0.86	0.25	-0.59	0.81	0.73	0.67
Inventory	0.86	0.5	0.78	0.63	0.87	0.73	-0.44	-0.5	0.97	-0.17	0.73	0.8	-0.41	-0.52	0.71	0.77	0.13	-0.74	0.33	0.86		-0.16	-0.73	0.72	0.92	0.76
Other Current Assets	-0.08	0.5	-0.22	0.01	-0.25	0.06	0.36	0.41	-0.21	-0.22	-0.13	-0.03	-0.16	0.45	-0.2	-0.07	0.18	0.25	-0.4	0.25	-0.16		0.14	0.18	-0.3	-0.11
Other Stockholder Equity	-0.61	-0.25	-0.51	-0.36	-0.64	-0.55	0.41	0.42	-0.85	-0.19	-0.53	-0.62	-0.14	0.56	-0.44	-0.45	0.27	0.53	0.1	-0.59	-0.73	0.14		-0.47	-0.75	-0.48
Total Liab	0.92	0.77	0.74	0.89	0.78	0.75	-0.28	-0.48	0.65	-0.06	0.85	0.79	-0.43	-0.02	0.82	0.91	0.3	-0.23	0.39	0.81	0.72	0.18	-0.47		0.62	0.9
Property Plant And Equipment Gross	0.8	0.26	0.83	0.6	0.84	0.63	-0.48	-0.61	0.96	-0.01	0.72	0.72	-0.19	-0.64	0.72	0.72	-0.04	-0.77	0.45	0.73	0.92	-0.3	-0.75	0.62		0.74
Total Current Assets	0.9	0.47	0.92	0.93	0.81	0.57	-0.5	-0.8	0.72	0.06	0.98	0.66	-0.39	-0.12	0.98	0.96	0.25	-0.37	0.6	0.67	0.76	-0.11	-0.48	0.9	0.74

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United Microelectronics Account Relationship Matchups

United Microelectronics fundamental ratios Accounts

	2021	2022	2023	2024	2025	2026 (projected)
Total Assets	451.0B	524.6B	546.6B	560.2B	644.2B	383.5B
Short Long Term Debt Total	46.8B	45.6B	64.2B	70.5B	81.0B	55.4B
Other Current Liab	86.9B	80.1B	67.5B	52.9B	60.8B	63.9B
Total Current Liabilities	108.2B	112.6B	99.0B	77.4B	89.0B	59.8B
Total Stockholder Equity	264.2B	322.5B	343.4B	365.5B	420.3B	256.4B
Property Plant And Equipment Net	145.4B	198.0B	250.8B	292.0B	335.8B	181.3B
Current Deferred Revenue	3.4B	3.5B	3.3B	2.2B	2.5B	2.4B
Net Debt	(85.8B)	(128.2B)	(68.4B)	(34.5B)	(31.1B)	(32.6B)
Retained Earnings	83.2B	169.7B	187.2B	184.2B	211.9B	222.5B
Accounts Payable	8.4B	9.0B	7.5B	7.6B	6.9B	6.6B
Cash	132.6B	173.8B	132.6B	105.0B	120.8B	88.1B
Non Current Assets Total	217.7B	272.3B	329.8B	370.5B	426.1B	243.6B
Non Currrent Assets Other	4.2B	8.5B	7.8B	6.6B	6.0B	5.7B
Other Assets	4.2B	13.5B	(13.5B)	(10.0B)	(11.5B)	(11.0B)
Cash And Short Term Investments	170.9B	178.6B	144.9B	115.2B	132.5B	94.4B
Net Receivables	36.4B	39.2B	33.2B	35.7B	41.1B	22.9B
Common Stock Shares Outstanding	2.5B	2.5B	2.5B	2.5B	2.3B	2.1B
Short Term Investments	38.3B	4.8B	12.3B	10.2B	11.8B	6.3B
Liabilities And Stockholders Equity	451.0B	524.6B	546.6B	560.2B	644.2B	383.5B
Non Current Liabilities Total	78.3B	89.2B	101.0B	117.1B	134.6B	141.4B
Inventory	23.0B	31.1B	35.7B	35.8B	41.1B	43.2B
Other Current Assets	3.0B	3.5B	3.0B	3.0B	3.4B	5.4B
Other Stockholder Equity	41.9B	6.5B	(2.8B)	9.3B	8.3B	7.9B
Total Liab	186.6B	201.8B	202.9B	194.5B	223.6B	121.4B
Property Plant And Equipment Gross	986.1B	1.1T	1.2T	1.3T	1.5T	1.5T
Total Current Assets	233.3B	252.4B	216.8B	189.7B	218.1B	139.9B
Accumulated Other Comprehensive Income	14.3B	21.2B	33.7B	46.3B	53.3B	56.0B
Short Term Debt	2.5B	537.3M	14.0B	9.2B	10.5B	12.2B
Intangible Assets	3.6B	4.3B	4.4B	4.1B	4.8B	2.7B
Common Stock	124.8B	125.0B	125.3B	125.6B	113.0B	107.2B
Other Liab	36.9B	33.7B	33.4B	44.0B	50.6B	53.1B
Long Term Debt	39.8B	39.9B	45.2B	55.5B	63.9B	67.1B
Property Plant Equipment	137.1B	198.0B	250.8B	292.0B	335.8B	352.6B
Long Term Investments	72.5B	64.9B	61.6B	62.4B	71.8B	47.6B
Short Long Term Debt	38.0B	1.9B	13.5B	8.5B	7.7B	7.3B
Net Tangible Assets	201.6B	230.8B	277.3B	330.8B	380.5B	229.0B
Long Term Debt Total	44.3B	45.1B	50.1B	61.3B	55.2B	41.0B

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When determining whether United Microelectronics offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of United Microelectronics' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of United Microelectronics Stock. Outlined below are crucial reports that will aid in making a well-informed decision on United Microelectronics Stock:

How To Invest In United

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Is United Stock a good investment?

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What is United Microelectronics' Net Worth?

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Largest Semiconductors & Semiconductor Equipment Companies

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Check out World Market Map to better understand how to build diversified portfolios, which includes a position in United Microelectronics. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in industry.

For information on how to trade United Stock refer to our How to Trade United Stock guide.

You can also try the Watchlist Optimization module to optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm.

Is Semiconductors & Semiconductor Equipment space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of United Microelectronics. If investors know United will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about United Microelectronics listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

0.035

Dividend Share

2.85

Earnings Share

0.54

Revenue Per Share

94.57

Quarterly Revenue Growth

(0.02)

The market value of United Microelectronics is measured differently than its book value, which is the value of United that is recorded on the company's balance sheet. Investors also form their own opinion of United Microelectronics' value that differs from its market value or its book value, called intrinsic value, which is United Microelectronics' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because United Microelectronics' market value can be influenced by many factors that don't directly affect United Microelectronics' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between United Microelectronics' value and its price as these two are different measures arrived at by different means. Investors typically determine if United Microelectronics is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, United Microelectronics' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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United Change To Netincome vs Change In Working Capital Analysis

Change To Netincome vs Change In Working Capital

Change To Netincome vs Change In Working Capital Correlation Analysis

Correlation Coefficient

Change To Netincome

Change In Working Capital

United Microelectronics fundamental ratios Correlations

United Microelectronics Account Relationship Matchups

High Positive Relationship

High Negative Relationship

United Microelectronics fundamental ratios Accounts

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COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Non Current Assets Total	+ 0.98	Property Plant And Equipment Net
Cash And Short Term Investments	+ 0.98	Cash
Total Current Assets	+ 0.98	Cash
Total Current Assets	+ 0.98	Cash And Short Term Investments
Inventory	+ 0.97	Retained Earnings
Total Stockholder Equity	+ 0.96	Total Assets

Common Stock Total Equity	- 0.91	Non Currrent Assets Other
Cash And Short Term Investments	- 0.87	Net Debt
Cash	- 0.86	Net Debt
Other Stockholder Equity	- 0.85	Retained Earnings
Net Debt	- 0.85	Other Current Liab
Total Current Assets	- 0.8	Net Debt