United Net Income vs Operating Income Analysis

UMC Stock

USD 7.79 0.03 0.39%

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 Net Income and its Operating Income 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 tightly coupled with the direction of predictive economic indicators such as signals in population.

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

Net Income vs Operating Income

Net Income vs Operating Income Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of United Microelectronics Net Income account and Operating Income. At this time, the significance of the direction appears to have totally related.

The correlation between United Microelectronics' Net Income and Operating Income is 0.99. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Operating Income 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' Net Income and Operating Income is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Income of United Microelectronics are associated (or correlated) with its Operating Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Operating Income has no effect on the direction of Net Income i.e., United Microelectronics' Net Income and Operating Income go up and down completely randomly.

Correlation Coefficient

0.99

Relationship Direction	Positive
Relationship Strength	Very Strong

View All Relationships

Net Income

Net income is one of the most important fundamental items in finance. It plays a large role in United Microelectronics financial statement analysis. It represents the amount of money remaining after all of United Microelectronics operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.

Operating Income

Operating Income is the amount of profit realized from United Microelectronics operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of United Microelectronics is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.

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 tightly coupled with the direction of predictive economic indicators such as signals in population.

For information on how to trade United Stock refer to our How to Trade United Stock guide.At present, United Microelectronics' Sales General And Administrative To Revenue is projected to increase slightly based on the last few years of reporting. The current year's Enterprise Value Over EBITDA is expected to grow to 35.22, whereas Selling General Administrative is forecasted to decline to about 5.1 B.

	2021	2022	2023	2024 (projected)
Gross Profit	72.0B	125.8B	74.8B	78.5B
Total Revenue	213.0B	278.7B	222.5B	144.7B

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	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	Short Term Debt
Total Assets		0.59	0.38	0.92	0.94	0.75	-0.3	-0.65	0.76	-0.34	0.91	0.9	-0.51	0.88	0.93	0.36	0.68	0.42	0.79	0.84	0.03	-0.6	0.91	0.74	0.93	0.25
Short Long Term Debt Total	0.59		0.31	0.47	0.36	0.75	-0.29	0.15	0.32	-0.51	0.34	0.71	-0.38	0.28	0.42	0.26	0.15	-0.1	0.9	0.45	0.22	-0.49	0.76	0.2	0.39	0.62
Other Current Liab	0.38	0.31		0.44	0.25	0.13	-0.99	-0.3	0.37	-0.01	0.42	0.27	0.11	0.4	0.4	-0.21	0.37	0.14	0.43	0.36	0.44	-0.31	0.47	0.3	0.42	0.21
Total Current Liabilities	0.92	0.47	0.44		0.81	0.55	-0.35	-0.69	0.61	-0.19	0.91	0.73	-0.4	0.91	0.92	0.27	0.7	0.52	0.72	0.69	0.07	-0.35	0.91	0.65	0.94	0.16
Total Stockholder Equity	0.94	0.36	0.25	0.81		0.71	-0.18	-0.7	0.81	-0.29	0.84	0.87	-0.51	0.83	0.86	0.38	0.67	0.45	0.56	0.85	-0.08	-0.65	0.72	0.81	0.86	0.17
Property Plant And Equipment Net	0.75	0.75	0.13	0.55	0.71		-0.08	-0.06	0.49	-0.59	0.43	0.95	-0.68	0.36	0.55	0.6	0.18	-0.05	0.69	0.61	-0.12	-0.68	0.68	0.4	0.46	0.43
Current Deferred Revenue	-0.3	-0.29	-0.99	-0.35	-0.18	-0.08		0.22	-0.31	-0.02	-0.34	-0.21	-0.16	-0.31	-0.32	0.25	-0.3	-0.08	-0.38	-0.29	-0.45	0.28	-0.4	-0.23	-0.34	-0.22
Net Debt	-0.65	0.15	-0.3	-0.69	-0.7	-0.06	0.22		-0.69	-0.16	-0.87	-0.31	0.11	-0.88	-0.74	-0.01	-0.8	-0.59	-0.22	-0.64	0.03	0.29	-0.47	-0.75	-0.83	0.2
Retained Earnings	0.76	0.32	0.37	0.61	0.81	0.49	-0.31	-0.69		-0.19	0.77	0.67	-0.12	0.73	0.65	-0.07	0.75	0.35	0.46	0.94	0.04	-0.84	0.57	0.94	0.72	0.44
Accounts Payable	-0.34	-0.51	-0.01	-0.19	-0.29	-0.59	-0.02	-0.16	-0.19		-0.08	-0.49	0.53	-0.06	-0.3	-0.46	-0.01	0.03	-0.45	-0.34	-0.15	0.35	-0.36	-0.11	-0.16	-0.2
Cash	0.91	0.34	0.42	0.91	0.84	0.43	-0.34	-0.87	0.77	-0.08		0.65	-0.3	0.98	0.93	0.16	0.8	0.5	0.66	0.78	0.08	-0.46	0.84	0.77	0.98	0.06
Non Current Assets Total	0.9	0.71	0.27	0.73	0.87	0.95	-0.21	-0.31	0.67	-0.49	0.65		-0.57	0.6	0.72	0.45	0.42	0.15	0.75	0.76	-0.07	-0.72	0.8	0.61	0.68	0.43
Non Currrent Assets Other	-0.51	-0.38	0.11	-0.4	-0.51	-0.68	-0.16	0.11	-0.12	0.53	-0.3	-0.57		-0.3	-0.52	-0.95	-0.2	-0.17	-0.44	-0.39	0.18	0.16	-0.46	-0.11	-0.38	0.03
Cash And Short Term Investments	0.88	0.28	0.4	0.91	0.83	0.36	-0.31	-0.88	0.73	-0.06	0.98	0.6	-0.3		0.93	0.16	0.82	0.65	0.61	0.75	0.09	-0.36	0.81	0.78	0.99	0.02
Net Receivables	0.93	0.42	0.4	0.92	0.86	0.55	-0.32	-0.74	0.65	-0.3	0.93	0.72	-0.52	0.93		0.39	0.74	0.52	0.73	0.74	0.07	-0.39	0.88	0.66	0.97	0.0
Common Stock Total Equity	0.36	0.26	-0.21	0.27	0.38	0.6	0.25	-0.01	-0.07	-0.46	0.16	0.45	-0.95	0.16	0.39		-0.05	0.07	0.31	0.17	-0.29	-0.03	0.32	-0.06	0.24	-0.21
Common Stock Shares Outstanding	0.68	0.15	0.37	0.7	0.67	0.18	-0.3	-0.8	0.75	-0.01	0.8	0.42	-0.2	0.82	0.74	-0.05		0.59	0.41	0.81	0.04	-0.34	0.58	0.73	0.79	0.2
Short Term Investments	0.42	-0.1	0.14	0.52	0.45	-0.05	-0.08	-0.59	0.35	0.03	0.5	0.15	-0.17	0.65	0.52	0.07	0.59		0.1	0.4	0.07	0.13	0.32	0.57	0.58	-0.05
Non Current Liabilities Total	0.79	0.9	0.43	0.72	0.56	0.69	-0.38	-0.22	0.46	-0.45	0.66	0.75	-0.44	0.61	0.73	0.31	0.41	0.1		0.58	0.2	-0.45	0.94	0.36	0.7	0.37
Inventory	0.84	0.45	0.36	0.69	0.85	0.61	-0.29	-0.64	0.94	-0.34	0.78	0.76	-0.39	0.75	0.74	0.17	0.81	0.4	0.58		0.0	-0.78	0.68	0.86	0.77	0.48
Other Current Assets	0.03	0.22	0.44	0.07	-0.08	-0.12	-0.45	0.03	0.04	-0.15	0.08	-0.07	0.18	0.09	0.07	-0.29	0.04	0.07	0.2	0.0		-0.01	0.15	0.07	0.11	0.1
Other Stockholder Equity	-0.6	-0.49	-0.31	-0.35	-0.65	-0.68	0.28	0.29	-0.84	0.35	-0.46	-0.72	0.16	-0.36	-0.39	-0.03	-0.34	0.13	-0.45	-0.78	-0.01		-0.44	-0.68	-0.41	-0.58
Total Liab	0.91	0.76	0.47	0.91	0.72	0.68	-0.4	-0.47	0.57	-0.36	0.84	0.8	-0.46	0.81	0.88	0.32	0.58	0.32	0.94	0.68	0.15	-0.44		0.53	0.87	0.3
Property Plant And Equipment Gross	0.74	0.2	0.3	0.65	0.81	0.4	-0.23	-0.75	0.94	-0.11	0.77	0.61	-0.11	0.78	0.66	-0.06	0.73	0.57	0.36	0.86	0.07	-0.68	0.53		0.75	0.32
Total Current Assets	0.93	0.39	0.42	0.94	0.86	0.46	-0.34	-0.83	0.72	-0.16	0.98	0.68	-0.38	0.99	0.97	0.24	0.79	0.58	0.7	0.77	0.11	-0.41	0.87	0.75		0.07
Short Term Debt	0.25	0.62	0.21	0.16	0.17	0.43	-0.22	0.2	0.44	-0.2	0.06	0.43	0.03	0.02	0.0	-0.21	0.2	-0.05	0.37	0.48	0.1	-0.58	0.3	0.32	0.07

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United Microelectronics Account Relationship Matchups

United Microelectronics fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	370.2B	377.5B	464.4B	533.1B	559.2B	376.3B
Short Long Term Debt Total	65.9B	41.4B	46.8B	45.6B	80.2B	54.1B
Other Current Liab	50.3B	56.7B	91.2B	95.5B	58.2B	61.1B
Total Current Liabilities	72.7B	78.2B	105.5B	108.6B	99.0B	58.3B
Total Stockholder Equity	206.8B	235.7B	281.0B	335.1B	359.2B	253.7B
Property Plant And Equipment Net	158.9B	141.1B	145.4B	198.0B	250.8B	175.7B
Current Deferred Revenue	988.1M	2.0B	3.4B	3.5B	3.3B	3.1B
Net Debt	(29.6B)	(52.6B)	(85.8B)	(128.2B)	(52.4B)	(49.8B)
Retained Earnings	60.8B	56.6B	91.5B	175.8B	187.2B	196.6B
Accounts Payable	8.9B	7.9B	8.4B	9.0B	7.5B	6.7B
Cash	95.5B	94.0B	132.6B	173.8B	132.6B	87.0B
Non Current Assets Total	216.4B	213.2B	231.2B	280.7B	343.3B	239.2B
Non Currrent Assets Other	3.2B	3.8B	4.2B	8.5B	8.7B	13.4B
Cash And Short Term Investments	96.2B	109.6B	170.9B	178.6B	144.9B	92.7B
Net Receivables	26.6B	29.2B	36.4B	39.2B	33.2B	22.2B
Common Stock Shares Outstanding	13.2B	12.5B	12.5B	12.7B	12.6B	13.2B
Short Term Investments	722.8M	15.5B	38.3B	4.8B	12.3B	12.9B
Liabilities And Stockholders Equity	370.2B	377.5B	464.4B	533.1B	559.2B	376.3B
Non Current Liabilities Total	90.3B	63.5B	77.8B	89.0B	98.8B	58.5B
Inventory	21.7B	22.6B	23.0B	31.1B	35.7B	37.5B
Other Current Assets	2.9B	71.6M	3.0B	720.9M	2.2B	1.7B
Other Stockholder Equity	39.8B	43.1B	47.9B	12.4B	6.5B	6.2B
Total Liab	163.0B	141.7B	183.2B	197.6B	197.8B	116.8B
Property Plant And Equipment Gross	158.7B	141.1B	986.1B	1.1T	1.2T	1.2T
Total Current Assets	153.8B	164.3B	233.3B	252.4B	215.9B	137.1B
Accumulated Other Comprehensive Income	(11.0B)	11.7B	16.8B	21.9B	40.2B	42.2B
Short Term Debt	12.6B	11.6B	2.5B	537.3M	30.1B	31.6B
Intangible Assets	5.2B	4.9B	3.6B	4.3B	4.4B	2.6B
Common Stock	117.2B	124.2B	124.8B	125.0B	125.3B	107.4B
Other Liab	36.9B	33.7B	33.4B	44.0B	50.6B	53.1B
Other Assets	11.2B	11.2B	4.2B	13.5B	15.5B	16.3B
Long Term Debt	47.9B	24.8B	39.8B	39.9B	45.2B	47.5B
Property Plant Equipment	158.7B	140.5B	137.1B	198.0B	227.7B	239.1B
Long Term Investments	37.6B	56.6B	72.5B	64.9B	61.6B	45.7B
Short Long Term Debt	36.8B	38.0B	1.9B	13.5B	12.2B	19.7B
Net Tangible Assets	201.6B	230.8B	277.3B	330.8B	380.5B	229.0B
Long Term Debt Total	53.3B	29.8B	44.3B	45.1B	40.6B	40.1B

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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:

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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 tightly coupled with the direction of predictive economic indicators such as signals in population.

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

You can also try the Stock Screener module to find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook..

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When running United Microelectronics' price analysis, check to measure United Microelectronics' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy United Microelectronics is operating at the current time. Most of United Microelectronics' value examination focuses on studying past and present price action to predict the probability of United Microelectronics' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move United Microelectronics' price. Additionally, you may evaluate how the addition of United Microelectronics to your portfolios can decrease your overall portfolio volatility.

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Is United Microelectronics' industry 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

(0.35)

Dividend Share

Earnings Share

0.74

Revenue Per Share

89.995

Quarterly Revenue Growth

0.008

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 Net Income vs Operating Income Analysis

Net Income vs Operating Income

Net Income vs Operating Income Correlation Analysis

Correlation Coefficient

Net Income

Operating Income

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

Total Current Assets	+ 0.99	Cash And Short Term Investments
Cash And Short Term Investments	+ 0.98	Cash
Total Current Assets	+ 0.98	Cash
Total Current Assets	+ 0.97	Net Receivables
Non Current Assets Total	+ 0.95	Property Plant And Equipment Net
Total Stockholder Equity	+ 0.94	Total Assets

Current Deferred Revenue	- 0.99	Other Current Liab
Common Stock Total Equity	- 0.95	Non Currrent Assets Other
Cash And Short Term Investments	- 0.88	Net Debt
Cash	- 0.87	Net Debt
Other Stockholder Equity	- 0.84	Retained Earnings
Total Current Assets	- 0.83	Net Debt