Wetouch Technology Past Earnings Performance
Past criteria checks 1/6
Wetouch Technology's earnings have been declining at an average annual rate of -17%, while the Electronic industry saw earnings growing at 13.7% annually. Revenues have been growing at an average rate of 3% per year. Wetouch Technology's return on equity is 3%, and it has net margins of 9.4%.
Key information
-17.0%
Earnings growth rate
-44.4%
EPS growth rate
| Electronic Industry Growth | 15.3% |
| Revenue growth rate | 3.0% |
| Return on equity | 3.0% |
| Net Margin | 9.4% |
| Last Earnings Update | 30 Sep 2024 |
Recent past performance updates
Revenue & Expenses Breakdown
How Wetouch Technology makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 30 Sep 24 | 41 | 4 | 5 | 0 |
| 30 Jun 24 | 41 | 4 | 5 | 0 |
| 31 Mar 24 | 41 | 6 | 4 | 0 |
| 31 Dec 23 | 40 | 8 | 4 | 0 |
| 30 Sep 23 | 40 | 10 | 3 | 0 |
| 30 Jun 23 | 40 | 11 | 3 | 0 |
| 31 Mar 23 | 39 | 9 | 3 | 0 |
| 31 Dec 22 | 38 | 9 | 3 | 0 |
| 30 Sep 22 | 39 | 9 | 3 | 0 |
| 30 Jun 22 | 39 | 9 | 3 | 0 |
| 31 Mar 22 | 42 | 12 | 3 | 0 |
| 31 Dec 21 | 41 | 17 | 6 | 0 |
| 30 Sep 21 | 48 | 18 | 7 | 0 |
| 30 Jun 21 | 49 | 19 | 8 | 0 |
| 31 Mar 21 | 39 | 16 | 7 | 0 |
| 31 Dec 20 | 31 | 9 | 4 | 0 |
| 30 Sep 20 | 30 | 12 | 2 | 0 |
| 30 Jun 20 | 31 | 11 | 2 | 0 |
| 31 Mar 20 | 35 | 12 | 2 | 0 |
| 31 Dec 19 | 40 | 14 | 3 | 0 |
| 31 Dec 18 | 37 | 12 | 2 | 0 |
Quality Earnings: WETH has high quality earnings.
Growing Profit Margin: WETH's current net profit margins (9.4%) are lower than last year (25.8%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: WETH's earnings have declined by 17% 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 (-62.4%) over the past year, making it difficult to compare to the Electronic industry average (-1.8%).
Return on Equity
High ROE: WETH's Return on Equity (3%) is considered low.