Wetouch Technology (WETH) Return on Invested Capital [ROIC] (2022 - 2024)
Wetouch Technology's Return on Invested Capital [ROIC] came in at 5.82% for Q1 2024, down 3.63 percentage points from 9.45% a year earlier and down 1.61 percentage points from the prior quarter.
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Analysis
Wetouch Technology (WETH) Return on Invested Capital [ROIC] (2022 - 2024) Analysis & Trends
For FY2023, Wetouch Technology's Return on Invested Capital [ROIC] was 9.15%, down 2.91 percentage points from FY2022.
- Going back by year, Return on Invested Capital [ROIC] was 12.05% in FY2022.
- The Q1 2024 figure represents the lowest quarterly Return on Invested Capital [ROIC] in data going back to Q1 2022.
- Year-over-year, Return on Invested Capital [ROIC] has declined for five consecutive quarters, with an average year-over-year change of -4.49 percentage points over the last five quarters.
- Business Quant data shows WETH's Return on Invested Capital [ROIC] at 7.43% (Q4 2023), 8.85% (Q3 2023) and 9.22% (Q2 2023) in the three quarters before Q1 2024.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROIC (Qtr) |
|---|---|---|---|---|---|
| 1 | Apple | 5,150.22 Bn | 4,895.69 Bn | 54.82 Bn | 68.32% |
| 2 | Cisco Systems | 390.67 Bn | 326.60 Bn | 11.06 Bn | 15.92% |
| 3 | Arista Networks | 234.99 Bn | 184.19 Bn | 2.33 Bn | - |
| 4 | Dell Technologies | 223.66 Bn | 179.42 Bn | 9.83 Bn | 37.37% |
| 5 | Sony | 161.53 Bn | 96.07 Bn | 7.96 Bn | 12.98% |
| 6 | Sandisk | 129.94 Bn | 114.77 Bn | 9.38 Bn | - |
| 7 | Seagate Technology Holdings | 115.51 Bn | 110.35 Bn | 2.43 Bn | 82.33% |
| 8 | Western Digital | 105.83 Bn | 95.66 Bn | 2.53 Bn | 53.78% |
| 9 | Hewlett Packard Enterprise | 63.65 Bn | 41.53 Bn | 4.93 Bn | 5.57% |
| 10 | Wetouch Technology | 10.17 Mn | -469.43 Mn | 4.88 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Mar 31, 2024 | 5.82% |
| Dec 31, 2023 | 7.43% |
| Sep 30, 2023 | 8.85% |
| Jun 30, 2023 | 9.22% |
| Mar 31, 2023 | 9.45% |
| Dec 31, 2022 | 11.96% |
| Sep 30, 2022 | 13.14% |
| Jun 30, 2022 | 12.67% |
| Mar 31, 2022 | 16.03% |
API Access
Wetouch Technology Return on Invested Capital [ROIC] 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=return-on-invested-capital-%5Broic%5D&ticker=WETH&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-invested-capital-[roic]", "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=return-on-invested-capital-%5Broic%5D&ticker=WETH&period=max&api_key=YOUR_API_KEY");
const data = await res.json();