Wetouch Technology Inc. Annual Operating Margin in % from 2020 to 2023

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 2020 to 2023.
  • 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, Annual (%)
Operating Margin, YoY Annual Growth (%)
Period Value YoY Chg Change % Start Date End Date
2023 31.9 +1.76 +5.85% Jan 1, 2023 Dec 31, 2023
2022 30.1 -0.85 -2.75% Jan 1, 2022 Dec 31, 2022
2021 31 -6.95 -18.3% Jan 1, 2021 Dec 31, 2021
2020 37.9 Jan 1, 2020 Dec 31, 2020
* An asterisk sign (*) next to the value indicates that the value is likely invalid.