Wetouch Technology Inc. Quarterly Operating Margin in % from Q4 2020 to Q3 2024

Taxonomy & unit
ratio: %
Description
The operating margin measures the profit a company makes on a dollar of sales after accounting for the direct costs involved in earning those revenues.
Summary
Wetouch Technology Inc. quarterly/annual Operating Margin history and growth rate from Q4 2020 to Q3 2024.
  • Wetouch Technology Inc. Operating Margin for the quarter ending September 30, 2024 was 18.2 %, a 47.6% decline year-over-year.
  • Wetouch Technology Inc. annual Operating Margin for 2023 was 31.9 %, a 5.85% increase from 2022.
  • Wetouch Technology Inc. annual Operating Margin for 2022 was 30.1 %, a 2.75% decline from 2021.
  • Wetouch Technology Inc. annual Operating Margin for 2021 was 31 %, a 18.3% decline from 2020.
Operating Margin, Quarterly (%)
Operating Margin, YoY Quarterly Growth (%)
Period Value YoY Chg Change % Start Date End Date
Q3 2024 18.2 -16.5 -47.6% Jul 1, 2024 Sep 30, 2024
Q2 2024 20.4 -15.1 -42.5% Apr 1, 2024 Jun 30, 2024
Q1 2024 25.9 -5.32 -17% Jan 1, 2024 Mar 31, 2024
Q4 2023 31.9 +1.76 +5.85% Oct 1, 2023 Dec 31, 2023
Q3 2023 34.8 +3.58 +11.5% Jul 1, 2023 Sep 30, 2023
Q2 2023 35.5 +4.94 +16.2% Apr 1, 2023 Jun 30, 2023
Q1 2023 31.2 -3.66 -10.5% Jan 1, 2023 Mar 31, 2023
Q4 2022 30.1 -0.85 -2.75% Oct 1, 2022 Dec 31, 2022
Q3 2022 31.2 -1.65 -5.02% Jul 1, 2022 Sep 30, 2022
Q2 2022 30.5 -3.56 -10.4% Apr 1, 2022 Jun 30, 2022
Q1 2022 34.9 +4.06 +13.2% Jan 1, 2022 Mar 31, 2022
Q4 2021 31 -6.95 -18.3% Oct 1, 2021 Dec 31, 2021
Q3 2021 32.9 Jul 1, 2021 Sep 30, 2021
Q2 2021 34.1 Apr 1, 2021 Jun 30, 2021
Q1 2021 30.8 Jan 1, 2021 Mar 31, 2021
Q4 2020 37.9 Oct 1, 2020 Dec 31, 2020
* An asterisk sign (*) next to the value indicates that the value is likely invalid.