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Year on year Wetouch Technology Inc had net income fall -5.34% from 8.73m to 8.26m despite a 4.70% increase in revenues from 37.92m to 39.71m. An increase in the selling, general and administrative costs as a percentage of sales from 6.73% to 11.22% was a component in the falling net income despite rising revenues.
| Gross margin | 32.25% |
|---|---|
| Net profit margin | 9.99% |
| Operating margin | 20.40% |
| Return on assets | 3.33% |
|---|---|
| Return on equity | 3.50% |
| Return on investment | 3.49% |
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Cash flow in USDView more
In 2023, Wetouch Technology Inc increased its cash reserves by 91.30%, or 46.79m. Cash Flow from Financing totalled 39.95m or 100.60% of revenues. In addition the company generated 12.72m in cash from operations while cash used for investing totalled 2.26m.
| Cash flow per share | 0.3624 |
|---|---|
| Price/Cash flow per share | 4.40 |
| Book value per share | 10.26 |
|---|---|
| Tangible book value per share | 10.26 |
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Balance sheet in USDView more
| Current ratio | 36.36 |
|---|---|
| Quick ratio | 36.30 |
| Total debt/total equity | 0.00 |
|---|---|
| Total debt/total capital | 0.00 |
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Growth rates in USD
Year on year, growth in earnings per share excluding extraordinary items dropped -81.38%.
| EPS growth(5 years) | -- |
|---|---|
| EPS (TTM) vs TTM 1 year ago | -87.16 |
