United Microelectronics (United Microelectronics) ROCE % : 11.34% (As of Dec. 2023)

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What is United Microelectronics ROCE %?

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. United Microelectronics's annualized ROCE % for the quarter that ended in Dec. 2023 was 11.34%.

United Microelectronics ROCE % Historical Data

The historical data trend for United Microelectronics's ROCE % 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.

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United Microelectronics ROCE % Chart

United Microelectronics Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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2.58

8.76

19.32

28.18

16.17

United Microelectronics Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															27.94	18.22	17.52	17.31	11.34

United Microelectronics ROCE % Calculation

United Microelectronics's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	2237.465	/	( ( (17115.971 - 3673.733)	+	(17489.619 - 3260.552) )	/ 2 )
	=	2237.465	/	( (13442.238	+	14229.067)	/ 2 )
	=	2237.465	/	13835.6525
	=	16.17 %

United Microelectronics's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	1612.88	/	( ( (17079.001 - 2873.289)	+	(17489.619 - 3260.552) )	/ 2 )
	=	1612.88	/	( ( 14205.712	+	14229.067 )	/ 2 )
	=	1612.88	/	14217.3895
	=	11.34 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

United Microelectronics (NYSE:UMC) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

United Microelectronics ROCE % Related Terms

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United Microelectronics (United Microelectronics) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » United Microelectronics Corp (NYSE:UMC) » Definitions » ROCE %

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2303:Taiwan UMC:Mexico UMCB:Germany

Address

No. 3, Li-Hsin 2nd Road, Hsinchu Science Park, Hsinchu, TWN

Website

https://www.umc.com

Founded in 1980, United Microelectronics is the world's third-largest dedicated chip foundry, with 7% market share in 2022 after TSMC and GlobalFoundries. 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 U.S. and South Korea. UMC features a diverse customer base including Texas Instruments, MediaTek, Qualcomm, Broadcom, Xilinx and Realtek, supplying a wide range of products applied in communications, display, memory, automotive and more. UMC employs about 20,000 people.