Wetouch Technology Inc.

NasdaqCM:WETH Stock Report

Market Cap: US$23.7m

Wetouch Technology Past Earnings Performance

Past criteria checks 0/6

Wetouch Technology's earnings have been declining at an average annual rate of -14.8%, while the Electronic industry saw earnings growing at 14.5% annually. Revenues have been declining at an average rate of 4.7% per year. Wetouch Technology's return on equity is 3.3%, and it has net margins of 10%.

Key information

-14.8%

Earnings growth rate

-42.3%

EPS growth rate

Electronic Industry Growth15.3%
Revenue growth rate-4.7%
Return on equity3.3%
Net Margin10.0%
Last Earnings Update30 Jun 2024

Recent past performance updates

No updates

Recent updates

Wetouch Technology (NASDAQ:WETH) Will Be Hoping To Turn Its Returns On Capital Around

Feb 22
Wetouch Technology (NASDAQ:WETH) Will Be Hoping To Turn Its Returns On Capital Around

Not Many Are Piling Into Wetouch Technology Inc. (NASDAQ:WETH) Stock Yet As It Plummets 52%

Feb 22
Not Many Are Piling Into Wetouch Technology Inc. (NASDAQ:WETH) Stock Yet As It Plummets 52%

Revenue & Expenses Breakdown

How Wetouch Technology makes and spends money. Based on latest reported earnings, on an LTM basis.


Earnings and Revenue History

NasdaqCM:WETH Revenue, expenses and earnings (USD Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
30 Jun 2441450
31 Mar 2441640
31 Dec 2340840
30 Sep 23401030
30 Jun 23401130
31 Mar 2339930
31 Dec 2238930
30 Sep 2239930
30 Jun 2239930
31 Mar 22421230
31 Dec 21411760
30 Sep 21481870
30 Jun 21491980
31 Mar 21391670
31 Dec 2031940
30 Sep 20301220
30 Jun 20311120
31 Mar 20351220
31 Dec 19401430
31 Dec 18371220

Quality Earnings: WETH has a high level of non-cash earnings.

Growing Profit Margin: WETH's current net profit margins (10%) are lower than last year (26.5%).


Free Cash Flow vs Earnings Analysis


Past Earnings Growth Analysis

Earnings Trend: WETH's earnings have declined by 14.8% per year over the past 5 years.

Accelerating Growth: WETH's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: WETH had negative earnings growth (-62.1%) over the past year, making it difficult to compare to the Electronic industry average (-9.3%).


Return on Equity

High ROE: WETH's Return on Equity (3.3%) is considered low.


Return on Assets


Return on Capital Employed


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