Wetouch Technology Inc. financial data

Symbol
WETH, WETHD on OTC
Industry
Computer Peripheral Equipment, NEC
Location
No.29, The Third Main Avenue, Shigao Town, Renshou County, Meishan City, Sichuan, China
State of incorporation
Nevada
Fiscal year end
December 31
Latest financial report
Q4 2023 - Apr 17, 2024

Key Ratios

Label TTM Value / Value Unit Change %
Current Ratio 1.48K % +23.5%
Quick Ratio 2.63 % -66%
Debt-to-equity 6.85 % -23.1%
Return On Equity 7.43 % -43%
Return On Assets 6.95 % -41.9%
Operating Margin 31.9 % +5.85%

Shares

Label TTM Value / Value Unit Change %
Entity Common Stock, Shares Outstanding 11.9M shares -93.8%
Common Stock, Shares, Outstanding 9.73M shares +479%
Entity Public Float 77M USD +583%
Common Stock, Value, Issued 9.73K USD +479%
Weighted Average Number of Shares Outstanding, Basic 9.29M shares +473%
Weighted Average Number of Shares Outstanding, Diluted 9.38M shares +408%

Income Statement

Label TTM Value / Value Unit Change %
Revenues 39.7M USD +4.7%
Revenue from Contract with Customer, Excluding Assessed Tax 39.7M USD +4.7%
Cost of Revenue 22.5M USD -5.69%
Research and Development Expense 84.6K USD -0.82%
General and Administrative Expense 3.85M USD +205%
Operating Income (Loss) 12.7M USD +10.8%
Nonoperating Income (Expense) -303K USD -145%
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest 12.3M USD +2.18%
Income Tax Expense (Benefit) 4.08M USD +21.8%
Net Income (Loss) Attributable to Parent 8.26M USD -5.34%
Earnings Per Share, Basic 0.89 USD/shares -83.5%
Earnings Per Share, Diluted 0.89 USD/shares -81.2%

Balance Sheet

Label TTM Value / Value Unit Change %
Cash and Cash Equivalents, at Carrying Value 93.9M USD +106%
Accounts Receivable, after Allowance for Credit Loss, Current 7.46M USD -17.7%
Inventory, Net 222K USD -47.5%
Other Assets, Current 72.1K USD +34.7%
Assets, Current 107M USD +71.7%
Property, Plant and Equipment, Net 12.9M USD +17.7%
Assets 120M USD +63.7%
Accounts Payable, Current 641K USD -53.7%
Employee-related Liabilities, Current 84.3K USD -5.68%
Liabilities, Current 6.34M USD +58%
Liabilities 6.72M USD +57.3%
Accumulated Other Comprehensive Income (Loss), Net of Tax -7.28M USD -144%
Retained Earnings (Accumulated Deficit) 69.5M USD +11.4%
Stockholders' Equity Attributable to Parent 113M USD +64%
Liabilities and Equity 120M USD +63.7%

Popular Metrics

Label TTM Value / Value Unit Change %
Net Cash Provided by (Used in) Operating Activities 12.7M USD +48.2%
Net Cash Provided by (Used in) Financing Activities 39.9M USD
Net Cash Provided by (Used in) Investing Activities -2.26M USD
Common Stock, Shares Authorized 15M shares 0%
Common Stock, Shares, Issued 9.73M shares +479%
Common Stock, Par or Stated Value Per Share 0 USD/shares 0%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect 46.8M USD +820%
Interest Paid, Excluding Capitalized Interest, Operating Activities 10K USD
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent 0.21 pure 0%
Deferred Tax Assets, Gross 125K USD
Depreciation 9.47K USD -4.31%
Comprehensive Income (Loss), Net of Tax, Attributable to Parent 3.97M USD +13.7%
Property, Plant and Equipment, Gross 12.9M USD +17.8%
Current Income Tax Expense (Benefit) 4.08M USD +21.8%
Deferred Tax Assets, Net of Valuation Allowance 0 USD
Interest Expense 252K USD +12.2%