Wetouch Technology (WETH) Research & Development (2020 - 2024)
Wetouch Technology (WETH) reported Research & Development of $43,859 for Q3 2024, up 113.1% from $20,580 a year earlier and up 1.5% from the prior quarter.
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Analysis
Wetouch Technology (WETH) Research & Development (2020 - 2024) Analysis & Trends
Over the twelve months ended Sep 30, 2024, Wetouch Technology's Research & Development came in at $152,510, up 86.5% year-over-year; for FY2023, it came in at $84,551, down 0.8% from FY2022.
- Research & Development has a four-year compound annual growth rate of -11.3% (FY2019 to FY2023).
- By year, Research & Development came in at $85,251 in FY2022 (-4.7%), $89,477 in FY2021 (+14.7%), $77,997 in FY2020 (-42.8%) and $136,433 in FY2019.
- The Q3 2024 figure ranks as the highest quarterly Research & Development in data going back to Q1 2020.
- Year over year, Research & Development has now increased in each of the last four quarters, with growth averaging 39.6% over the last eight quarters.
- The high point for year-over-year Research & Development in five years was Q3 2024 (growth of 113.1%); the low point was Q4 2022 (a decline of 11.1%).
- Per Business Quant data, the three quarters before Q3 2024 came in at $43,211 (Q2 2024), $42,738 (Q1 2024) and $22,702 (Q4 2023).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Apple | 4,943.67 Bn | 4,691.16 Bn | 54.77 Bn | 11.73 Bn |
| 2 | Cisco Systems | 421.20 Bn | 357.13 Bn | 11.06 Bn | 2.43 Bn |
| 3 | Dell Technologies | 347.85 Bn | 303.60 Bn | 9.83 Bn | 1.11 Bn |
| 4 | Arista Networks | 258.42 Bn | 211.87 Bn | 1.91 Bn | 348.20 Mn |
| 5 | Sandisk | 250.08 Bn | 238.60 Bn | 7.58 Bn | 348.00 Mn |
| 6 | Seagate Technology Holdings | 208.99 Bn | 203.98 Bn | 1.90 Bn | 188.00 Mn |
| 7 | Western Digital | 163.62 Bn | 151.74 Bn | 2.03 Bn | 284.00 Mn |
| 8 | Sony | 143.48 Bn | 93.86 Bn | 6.53 Bn | - |
| 9 | Hewlett Packard Enterprise | 83.23 Bn | 61.11 Bn | 4.93 Bn | 1.16 Bn |
| 10 | Wetouch Technology | 12.66 Mn | -466.94 Mn | 4.88 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2024 | 43,859.00 |
| Jun 30, 2024 | 43,211.00 |
| Mar 31, 2024 | 42,738.00 |
| Dec 31, 2023 | 22,702.00 |
| Sep 30, 2023 | 20,580.00 |
| Jun 30, 2023 | 20,384.00 |
| Mar 31, 2023 | 20,885.00 |
| Dec 31, 2022 | 19,944.00 |
| Sep 30, 2022 | 20,737.00 |
| Jun 30, 2022 | 21,713.00 |
| Mar 31, 2022 | 22,857.00 |
| Dec 31, 2021 | 22,442.00 |
| Sep 30, 2021 | 22,267.00 |
| Jun 30, 2021 | 22,588.00 |
| Mar 31, 2021 | 22,180.00 |
| Dec 31, 2020 | 23,166.00 |
| Sep 30, 2020 | 21,532.00 |
| Jun 30, 2020 | 17,957.00 |
| Mar 31, 2020 | 15,342.00 |
API Access
Wetouch Technology Research & Development API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=research-and-development&ticker=WETH&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "research-and-development", "ticker": "WETH", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=research-and-development&ticker=WETH&period=max&api_key=YOUR_API_KEY");
const data = await res.json();