Wetouch Technology (WETH) Research & Development (2020 - 2024)
Wetouch Technology (WETH) reported Research & Development of $43859.0 for Q3 2024, up 113.11% on a YoY basis 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 has reported Research & Development for 5 years, with the latest figure at $43859.0 in Q3 2024.
- For the quarter ending Q3 2024, Research & Development rose 113.11% year-over-year to $43859.0; the trailing twelve-month figure through Sep 2024 stood at $152510.0 (up 86.46% YoY), and the FY2023 full-year result 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.
- Historically, Research & Development has averaged $24583.4 across 5 years, with a median of $22180.0 in 2021.
- Annual changes were most pronounced in 2022 — Research & Development slipped 11.13% — and 2024, when it jumped 113.11%.
- 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.
- The last three Research & Development figures came in at $43859.0 (Q3 2024), $43211.0 (Q2 2024), and $42738.0 (Q1 2024), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Amphenol | 170.58 Bn | 165.55 Bn | 2.80 Bn | - |
| 2 | Corning | 152.19 Bn | 150.97 Bn | 1.53 Bn | 278.00 Mn |
| 3 | TE Connectivity | 62.31 Bn | 61.34 Bn | 1.75 Bn | 237.00 Mn |
| 4 | Flex | 56.36 Bn | 54.72 Bn | 702.00 Mn | - |
| 5 | Celestica | 42.71 Bn | 42.33 Bn | 437.20 Mn | 41.20 Mn |
| 6 | Jabil | 37.62 Bn | 35.80 Bn | 746.00 Mn | 7.00 Mn |
| 7 | Fabrinet | 22.26 Bn | 21.31 Bn | 144.34 Mn | - |
| 8 | Ttm Technologies | 17.40 Bn | 16.99 Bn | 181.18 Mn | 7.81 Mn |
| 9 | Sanmina | 13.70 Bn | 12.12 Bn | 353.79 Mn | 7.99 Mn |
| 10 | Wetouch Technology | 15.75 Mn | -104.77 Mn | 5.82 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 |