Wetouch Technology (WETH) Research & Development (2020 - 2024)
Wetouch Technology (WETH) posted quarterly Research & Development of $43859.0 for Q3 2024, up 113.11% year-over-year from $20580.0 in Q4 2023, and up 1.5% quarter-over-quarter from $43211.0 in Q2 2024.
Wetouch Technology (WETH) Research & Development (2020 - 2024) Analysis & Trends
Wetouch Technology's Research & Development history runs 5 years deep, the most recent figure standing at $43859.0 for Q3 2024.
- In Q3 2024, Research & Development rose 113.11% year-over-year to $43859.0; the TTM figure through Sep 2024 stood at $152510.0 (up 86.46% YoY), while the FY2023 annual figure was $84551.0, down 0.82% from the prior year.
- Research & Development for Q3 2024 stood at $43859.0, up from $43211.0 in the prior quarter.
- The five-year high for Research & Development was $43859.0 in Q3 2024, with the low at $15342.0 in Q1 2020.
- The 5-year median for Research & Development is $22180.0 (2021), against an average of $24583.4.
- The sharpest annual moves came in 2022 and 2024: Research & Development decreased 11.13% in 2022, then soared 113.11% in 2024.
- Wetouch Technology's Research & Development stood at $23166.0 in 2020, then retreated by 3.13% to $22442.0 in 2021, then fell by 11.13% to $19944.0 in 2022, then rose by 13.83% to $22702.0 in 2023, then surged by 93.19% to $43859.0 in 2024.
- Business Quant data shows WETH's Research & Development at $43859.0 in Q3 2024, $43211.0 in Q2 2024, and $42738.0 in Q1 2024.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Amphenol | 376.80 Bn | 370.69 Bn | 3.55 Bn | - |
| 2 | Corning | 130.52 Bn | 128.01 Bn | 1.63 Bn | 299.00 Mn |
| 3 | TE Connectivity | 58.24 Bn | 57.00 Bn | 1.84 Bn | 230.00 Mn |
| 4 | Flex | 40.39 Bn | 37.55 Bn | 747.00 Mn | - |
| 5 | Celestica | 34.83 Bn | 34.29 Bn | 577.50 Mn | 46.30 Mn |
| 6 | Jabil | 33.37 Bn | 32.01 Bn | 828.00 Mn | 9.00 Mn |
| 7 | Fabrinet | 15.92 Bn | 15.05 Bn | 158.05 Mn | - |
| 8 | Ttm Technologies | 11.93 Bn | 11.42 Bn | 211.86 Mn | 25.49 Mn |
| 9 | Littelfuse | 10.43 Bn | 9.81 Bn | 306.06 Mn | 31.04 Mn |
| 10 | Wetouch Technology | 15.33 Mn | -112.18 Mn | 4.88 Mn | - |
Historic Data
Download 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 |