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Wetouch Technology (Wetouch Technology) Pre-Tax Income : $12.35 Mil (TTM As of Dec. 2023)


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What is Wetouch Technology Pre-Tax Income?

Pretax income is the income that a company earns before paying income taxes. Wetouch Technology's pretax income for the three months ended in Dec. 2023 was $-2.09 Mil. Its pretax income for the trailing twelve months (TTM) ended in Dec. 2023 was $12.35 Mil. Wetouch Technology's pretax margin was -87.95%.

During the past 5 years, Wetouch Technology's highest Pretax Margin was 53.44%. The lowest was 31.10%. And the median was 33.43%.

Wetouch Technology Pre-Tax Income Historical Data

The historical data trend for Wetouch Technology's Pre-Tax Income can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Wetouch Technology Pre-Tax Income Chart

Wetouch Technology Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Pre-Tax Income
16.44 10.48 21.80 12.08 12.35

Wetouch Technology Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Pre-Tax Income Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -0.09 4.20 6.23 4.01 -2.09

Competitive Comparison of Wetouch Technology's Pre-Tax Income

For the Real Estate Services subindustry, Wetouch Technology's Pre-Tax Income, along with its competitors' market caps and Pre-Tax Income data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Wetouch Technology's Pre-Tax Income Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Wetouch Technology's Pre-Tax Income distribution charts can be found below:

* The bar in red indicates where Wetouch Technology's Pre-Tax Income falls into.


Wetouch Technology Pre-Tax Income Calculation

This is the income that a company earns before paying income taxes.

Wetouch Technology's Pretax Income for the fiscal year that ended in Dec. 2023 is calculated as

Pretax Income=Operating Income+Non Operating Income+Interest Expense+Interest Income+Other
=12.65+-0.169+-0.252+0.118+0
=12.35

Wetouch Technology's Pretax Income for the quarter that ended in Dec. 2023 is calculated as

Pretax Income=Operating Income+Non Operating Income+Interest Expense+Interest Income+Other
=-2.03+-0.044+-0.041+0.028+-0.0010000000000003
=-2.09

Pre-Tax Income for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $12.35 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Wetouch Technology  (NAS:WETH) Pre-Tax Income Explanation

Wetouch Technology's Pretax Margin for the quarter that ended in Dec. 2023 is calculated as

Pretax Margin=Pretax Income/Revenue
=-2.088/2.374
=-87.95%

During the past 5 years, Wetouch Technology's highest Pretax Margin was 53.44%. The lowest was 31.10%. And the median was 33.43%.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Wetouch Technology Pre-Tax Income Related Terms

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Wetouch Technology (Wetouch Technology) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Wetouch Technology Inc (NAS:WETH) » Definitions » Pre-Tax Income
Comparable Companies
LRHC ABCP GYRO NYC MDJH BRST MGAG OMH MHPC ZDPY CSGP CBRE XMAD:CLNX XTER:VNA BEKE TSE:8830 ADX:QHOLDING OSTO:AKEL D HKSE:01972 MIL:INW
Traded in Other Exchanges
N/A
Address
No. 29, Third Main Avenue, Shigao Town, Renshou County, Meishan, Sichuan, CHN, 620500
Website
https://www.wetouchinc.com
Wetouch Technology Inc is a touch panel supplier focused on R & D, production and sales of touch screen products. It offers touchscreens for a variety of applications, including GPS/car entertainment panels for automotive industry, industrial human-machine interface ("HMI"), financial and banking terminals, point of sale, lottery and gaming machines, smart home, robots and charging stations. The Company sells touchscreen products both domestically in China and internationally, covering majority areas in China, Taiwan, South Korea, and Germany.