ASX vs UMC
ASE Technology Holding Co. Ltd. and United Microelectronics Corp., side by side — 10 fiscal years reported in TWD, drawn from SEC filings.
Most recent reported year
| Metric | ASX | UMC |
|---|---|---|
| Revenue | TWD 645.4B | TWD 232.3B |
| Net income | TWD 40.0B | TWD 48.8B |
| Gross margin | 17.7% | 32.6% |
| Net margin | 6.4% | 21.0% |
| Return on equity | 12.1% | 13.8% |
| Diluted EPS | TWD 8.75 | TWD 3.94 |
| Dividend / share | · | · |
| Payout ratio | 58.5% | 77.1% |
| Free cash flow | TWD -22.4B | TWD 5.3B |
| Equity | TWD 342.2B | TWD 365.5B |
| Net debt / equity | · | · |
| Current ratio | 1.26× | 2.45× |
| Revenue CAGR 5y | 6.2% | 9.4% |
| Profit CAGR 5y | 8.2% | 43.0% |
ASX bills 2.8× the revenue of UMC, and UMC keeps more of each dollar of revenue as profit (21.0% against 6.4%).
The stronger figure of the pair is set in bold. That is arithmetic, not a recommendation — this page does not pick a winner. "·" marks a figure not available in our data.
10 years side by side
| Fiscal year | ASX | UMC |
|---|---|---|
| FY2024 | TWD 595.4B | TWD 232.3B |
| FY2023 | TWD 581.9B | TWD 222.5B |
| FY2022 | TWD 670.9B | TWD 278.7B |
| FY2021 | TWD 570.0B | TWD 213.0B |
| FY2020 | TWD 477.0B | TWD 176.8B |
| FY2019 | TWD 413.2B | TWD 148.2B |
| FY2018 | TWD 371.1B | TWD 151.3B |
| FY2017 | TWD 290.4B | TWD 149.3B |
| FY2016 | TWD 274.9B | TWD 147.9B |
| FY2015 | TWD 283.3B | TWD 144.8B |
Bottom line
| Fiscal year | ASX | UMC |
|---|---|---|
| FY2024 | TWD 32.4B | TWD 48.8B |
| FY2023 | TWD 35.5B | TWD 59.7B |
| FY2022 | TWD 61.5B | TWD 89.5B |
| FY2021 | TWD 60.2B | TWD 51.2B |
| FY2020 | TWD 27.0B | TWD 22.9B |
| FY2019 | TWD 17.1B | TWD 8.2B |
| FY2018 | TWD 26.2B | TWD 7.7B |
| FY2017 | TWD 22.8B | TWD 9.7B |
| FY2016 | TWD 21.3B | TWD 8.6B |
| FY2015 | TWD 19.7B | TWD 13.3B |
10 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2024 | +TWD 363,107,001,000 | ASX |
| FY2023 | +TWD 359,381,471,000 | ASX |
| FY2022 | +TWD 392,167,379,000 | ASX |
| FY2021 | +TWD 356,986,115,000 | ASX |
| FY2020 | +TWD 300,157,796,000 | ASX |
| FY2019 | +TWD 264,980,543,000 | ASX |
| FY2018 | +TWD 219,839,850,000 | ASX |
| FY2017 | +TWD 141,156,502,000 | ASX |
| FY2016 | +TWD 127,013,983,000 | ASX |
| FY2015 | +TWD 138,472,115,000 | ASX |
ASX has reported the higher revenue in every one of these 10 fiscal years. The gap has widened since the earliest year compared.
10 of 11 comparable fiscal years — a year missing data on either side is not counted.
10 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2024 | −15.3 pp | UMC |
| FY2023 | −20.6 pp | UMC |
| FY2022 | −22.8 pp | UMC |
| FY2021 | −12.8 pp | UMC |
| FY2020 | −5.8 pp | UMC |
| FY2019 | +1.3 pp | ASX |
| FY2018 | +5.2 pp | ASX |
| FY2017 | +4.0 pp | ASX |
| FY2016 | +5.4 pp | ASX |
| FY2015 | −1.4 pp | UMC |
The higher net margin has changed hands between ASX and UMC over this period.
10 of 11 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
UMC's net margin has been more volatile than ASX's over the 10 comparable fiscal years — 10.8 percentage points of standard deviation against 1.8.
10 of 11 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in net margin changed hands between ASX and UMC over these 10 fiscal years — ASX led in 4 and UMC in 6.
10 of 11 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
UMC's return on equity has been more volatile than ASX's over the 10 comparable fiscal years — 8.7 percentage points of standard deviation against 5.1.
10 of 11 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in return on equity changed hands between ASX and UMC over these 10 fiscal years — ASX led in 7 and UMC in 3.
10 of 11 comparable fiscal years — a year missing data on either side is not counted.