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WETH Wetouch Technology

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1.750
-0.170-8.85%

Close May 31 16:00 ET

20.88MMarket Cap1.97P/E (TTM)

Wetouch Technology Key Stats

Earnings

Revenue Breakdown

Financial Indicators

Income Statement

Balance Sheet

Cash Flow

Quarterly+Annual

YOY

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(FY)Dec 31, 2023

(Q4)Dec 31, 2023

(Q3)Sep 30, 2023

(Q2)Jun 30, 2023

(Q1)Mar 31, 2023

(FY)Dec 31, 2022

(Q4)Dec 31, 2022

(Q3)Sep 30, 2022

(Q2)Jun 30, 2022

(Q1)Mar 31, 2022

Operating Cash Flow (Indirect Method)

Cash flow from continuing operating activities

48.20%12.72M

-2.64%3.72M

-31.22%2.25M

37.65%4.04M

288.94%2.72M

-38.89%8.59M

268.47%3.82M

75.63%3.27M

212.34%2.94M

-110.44%-1.44M

Net income from continuing operations

-5.34%8.26M

-3,840.78%-2.06M

-13.09%2.86M

59.45%4.67M

9.00%2.79M

-49.78%8.73M

-107.67%-52.3K

0.43%3.29M

-42.16%2.93M

-69.35%2.56M

Operating gains losses

115.67%121.41K

99.61%-2.87K

-9.64%169.07K

-128.89%-142.39K

160.83%97.6K

90.79%-774.75K

5.56%-739.21K

--187.11K

-360.15%-62.21K

97.89%-160.44K

Depreciation and amortization

-4.93%9.4K

97.62%-62

100.43%4.66K

-68.57%2.37K

-7.21%2.43K

-97.41%9.89K

-169.75%-2.6K

-20.65%2.33K

3,636.14%7.55K

-99.30%2.62K

Other non cash items

-77.32%33.66K

-91.22%9.53K

-35.37%8.97K

-38.00%8.21K

-45.15%6.94K

1,635.50%148.37K

--108.59K

--13.88K

--13.24K

--12.66K

Change In working capital

978.78%4.3M

30.30%5.77M

-255.88%-792.4K

-1,157.07%-499.01K

95.24%-183.69K

-68.27%398.19K

294.21%4.43M

84.28%-222.66K

100.59%47.21K

-140.28%-3.86M

-Change in receivables

195.61%1.43M

17.58%7M

-89.35%29.48K

-15.65%-1.59M

36.92%-4.01M

-129.48%-1.5M

73.13%5.95M

2.48%276.87K

80.31%-1.38M

-175.94%-6.35M

-Change in inventory

194.98%187.53K

-311.56%-12.03K

-148.64%-39.98K

94.27%-15.18K

2,292.14%254.73K

-203.66%-197.45K

-101.03%-2.92K

144.88%82.19K

-85.45%-265.1K

-104.99%-11.62K

-Change in prepaid assets

-60.93%333.42K

99.42%-1.82K

72.88%-4.11K

-92.76%31.96K

-58.57%307.38K

137.79%853.43K

79.01%-314.96K

98.45%-15.14K

3,935.57%441.67K

225.34%741.85K

-Change in payables and accrued expense

89.05%2.34M

-0.73%-1.22M

-37.28%-777.8K

-13.70%1.08M

84.65%3.26M

220.71%1.24M

-10.11%-1.21M

-7.08%-566.58K

242.81%1.25M

19.93%1.77M

Cash from discontinued investing activities

Operating cash flow

48.20%12.72M

-2.64%3.72M

-31.22%2.25M

37.65%4.04M

288.94%2.72M

-38.89%8.59M

268.47%3.82M

75.63%3.27M

212.34%2.94M

-110.44%-1.44M

Investing cash flow

Cash flow from continuing investing activities

-2.26M

Net PPE purchase and sale

---2.26M

----

--0

----

Cash from discontinued investing activities

Investing cash flow

---2.26M

--0

Financing cash flow

Cash flow from continuing financing activities

6,220.57%39.95M

-102.15K

-4.59K

40.05M

-135.03%-652.64K

-652.64K

Net issuance payments of debt

94.70%-55K

--0

---20K

--0

---35K

-151.28%-1.04M

---1.04M

--0

Net common stock issuance

--40M

--0

--40M

--0

Net other financing activities

----

---4.59K

--86.74K

338.14%385.79K

----

Cash from discontinued financing activities

Financing cash flow

6,220.57%39.95M

--0

---102.15K

---4.59K

--40.05M

-135.03%-652.64K

--0

Net cash flow

Beginning cash position

11.02%51.25M

106.23%93.94M

104.26%92.21M

108.07%93.26M

11.02%51.25M

92.64%46.16M

-15.75%45.55M

-14.16%45.15M

-17.73%44.82M

92.64%46.16M

Current changes in cash

535.35%50.41M

-54.09%1.45M

-34.34%2.15M

37.50%4.04M

3,074.67%42.77M

-64.07%7.93M

137.01%3.16M

90.64%3.27M

211.75%2.94M

-104.56%-1.44M

Effect of exchange rate changes

-27.01%-3.62M

4.51%2.65M

85.17%-425.2K

-94.59%-5.08M

-905.00%-760.53K

-2,437.64%-2.85M

292.28%2.54M

-1,082.73%-2.87M

-451.36%-2.61M

109.21%94.48K

End cash Position

91.30%98.04M

106.23%93.94M

104.26%92.21M

108.07%93.26M

11.02%51.25M

-15.75%45.55M

-14.16%45.15M

-17.73%44.82M

Free cash flow

21.83%10.46M

-61.94%1.45M

-31.22%2.25M

37.65%4.04M

288.94%2.72M

264.44%8.59M

136.47%3.82M

90.64%3.27M

210.43%2.94M

-110.44%-1.44M

Currency Unit

USD

Audit Opinions

Unqualified Opinion

	(FY)Dec 31, 2023	(Q4)Dec 31, 2023	(Q3)Sep 30, 2023	(Q2)Jun 30, 2023	(Q1)Mar 31, 2023	(FY)Dec 31, 2022	(Q4)Dec 31, 2022	(Q3)Sep 30, 2022	(Q2)Jun 30, 2022	(Q1)Mar 31, 2022
Operating Cash Flow (Indirect Method)
Cash flow from continuing operating activities	48.20%12.72M	-2.64%3.72M	-31.22%2.25M	37.65%4.04M	288.94%2.72M	-38.89%8.59M	268.47%3.82M	75.63%3.27M	212.34%2.94M	-110.44%-1.44M
Net income from continuing operations	-5.34%8.26M	-3,840.78%-2.06M	-13.09%2.86M	59.45%4.67M	9.00%2.79M	-49.78%8.73M	-107.67%-52.3K	0.43%3.29M	-42.16%2.93M	-69.35%2.56M
Operating gains losses	115.67%121.41K	99.61%-2.87K	-9.64%169.07K	-128.89%-142.39K	160.83%97.6K	90.79%-774.75K	5.56%-739.21K	--187.11K	-360.15%-62.21K	97.89%-160.44K
Depreciation and amortization	-4.93%9.4K	97.62%-62	100.43%4.66K	-68.57%2.37K	-7.21%2.43K	-97.41%9.89K	-169.75%-2.6K	-20.65%2.33K	3,636.14%7.55K	-99.30%2.62K
Other non cash items	-77.32%33.66K	-91.22%9.53K	-35.37%8.97K	-38.00%8.21K	-45.15%6.94K	1,635.50%148.37K	--108.59K	--13.88K	--13.24K	--12.66K
Change In working capital	978.78%4.3M	30.30%5.77M	-255.88%-792.4K	-1,157.07%-499.01K	95.24%-183.69K	-68.27%398.19K	294.21%4.43M	84.28%-222.66K	100.59%47.21K	-140.28%-3.86M
-Change in receivables	195.61%1.43M	17.58%7M	-89.35%29.48K	-15.65%-1.59M	36.92%-4.01M	-129.48%-1.5M	73.13%5.95M	2.48%276.87K	80.31%-1.38M	-175.94%-6.35M
-Change in inventory	194.98%187.53K	-311.56%-12.03K	-148.64%-39.98K	94.27%-15.18K	2,292.14%254.73K	-203.66%-197.45K	-101.03%-2.92K	144.88%82.19K	-85.45%-265.1K	-104.99%-11.62K
-Change in prepaid assets	-60.93%333.42K	99.42%-1.82K	72.88%-4.11K	-92.76%31.96K	-58.57%307.38K	137.79%853.43K	79.01%-314.96K	98.45%-15.14K	3,935.57%441.67K	225.34%741.85K
-Change in payables and accrued expense	89.05%2.34M	-0.73%-1.22M	-37.28%-777.8K	-13.70%1.08M	84.65%3.26M	220.71%1.24M	-10.11%-1.21M	-7.08%-566.58K	242.81%1.25M	19.93%1.77M
Cash from discontinued investing activities
Operating cash flow	48.20%12.72M	-2.64%3.72M	-31.22%2.25M	37.65%4.04M	288.94%2.72M	-38.89%8.59M	268.47%3.82M	75.63%3.27M	212.34%2.94M	-110.44%-1.44M
Investing cash flow
Cash flow from continuing investing activities	-2.26M					0
Net PPE purchase and sale	---2.26M	----	----	----	----	--0	----	----	----	----
Cash from discontinued investing activities
Investing cash flow	---2.26M	---2.26M	--0	--0	--0	--0	--0	--0	--0	--0
Financing cash flow
Cash flow from continuing financing activities	6,220.57%39.95M	0	-102.15K	-4.59K	40.05M	-135.03%-652.64K	-652.64K	0	0	0
Net issuance payments of debt	94.70%-55K	--0	---20K	--0	---35K	-151.28%-1.04M	---1.04M	--0	--0	--0
Net common stock issuance	--40M	--0	--0	--0	--40M	--0	--0	--0	--0	--0
Net other financing activities	----	----	----	---4.59K	--86.74K	338.14%385.79K	----	----	----	----
Cash from discontinued financing activities
Financing cash flow	6,220.57%39.95M	--0	---102.15K	---4.59K	--40.05M	-135.03%-652.64K	-135.03%-652.64K	--0	--0	--0
Net cash flow
Beginning cash position	11.02%51.25M	106.23%93.94M	104.26%92.21M	108.07%93.26M	11.02%51.25M	92.64%46.16M	-15.75%45.55M	-14.16%45.15M	-17.73%44.82M	92.64%46.16M
Current changes in cash	535.35%50.41M	-54.09%1.45M	-34.34%2.15M	37.50%4.04M	3,074.67%42.77M	-64.07%7.93M	137.01%3.16M	90.64%3.27M	211.75%2.94M	-104.56%-1.44M
Effect of exchange rate changes	-27.01%-3.62M	4.51%2.65M	85.17%-425.2K	-94.59%-5.08M	-905.00%-760.53K	-2,437.64%-2.85M	292.28%2.54M	-1,082.73%-2.87M	-451.36%-2.61M	109.21%94.48K
End cash Position	91.30%98.04M	91.30%98.04M	106.23%93.94M	104.26%92.21M	108.07%93.26M	11.02%51.25M	11.02%51.25M	-15.75%45.55M	-14.16%45.15M	-17.73%44.82M
Free cash flow	21.83%10.46M	-61.94%1.45M	-31.22%2.25M	37.65%4.04M	288.94%2.72M	264.44%8.59M	136.47%3.82M	90.64%3.27M	210.43%2.94M	-110.44%-1.44M
Currency Unit	USD	USD	USD	USD	USD	USD	USD	USD	USD	USD
Audit Opinions	Unqualified Opinion	--	--	--	--	Unqualified Opinion	--	--	--	--

Analysis

Analyst Rating

No Data

Price Target

No Data

Heat List

Overall