Wetouch Technology Inc. Common Stock
Wetouch Technology Inc. engages in the research, development, manufacture, sale, and servicing of medium to large-sized projected capacitive touchscreens in the Peoples Republic of China, Taiwan, South Korea, and internationally. The company offers various touch panels, including glass-glass, used in GPS/car entertainment panels in mid-size and luxury cars, industrial human-machine interface (HMI… Read more
Wetouch Technology Inc. Common Stock (WETH) - Net Assets
Latest net assets as of September 2025: $135.17 Million USD
Based on the latest financial reports, Wetouch Technology Inc. Common Stock (WETH) has net assets worth $135.17 Million USD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($139.91 Million) and total liabilities ($4.74 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $135.17 Million |
| % of Total Assets | 96.61% |
| Annual Growth Rate | 29.46% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 23.92 |
Wetouch Technology Inc. Common Stock - Net Assets Trend (2020–2024)
This chart illustrates how Wetouch Technology Inc. Common Stock's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Wetouch Technology Inc. Common Stock (2020–2024)
The table below shows the annual net assets of Wetouch Technology Inc. Common Stock from 2020 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $124.59 Million | +10.33% |
| 2023-12-31 | $112.92 Million | +64.05% |
| 2022-12-31 | $68.83 Million | +7.04% |
| 2021-12-31 | $64.31 Million | +44.99% |
| 2020-12-31 | $44.35 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Wetouch Technology Inc. Common Stock's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 90.2% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $74.63 Million | 59.90% |
| Other Components | $49.96 Million | 40.10% |
| Total Equity | $124.59 Million | 100.00% |
Wetouch Technology Inc. Common Stock Competitors by Market Cap
The table below lists competitors of Wetouch Technology Inc. Common Stock ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
PASSUS S.A. ZY-1
F:71X
|
$15.49 Million |
|
K33 AB (publ)
ST:K33
|
$15.49 Million |
|
Lexaria Bioscience Corp
NASDAQ:LEXX
|
$15.49 Million |
|
Multi Medika Internasional
JK:MMIX
|
$15.50 Million |
|
Vestland Berhad
KLSE:0273
|
$15.49 Million |
|
HYTLF
OTCGREY:HYTLF
|
$15.48 Million |
|
Pyung Hwa Ind
KO:090080
|
$15.48 Million |
|
Renta Corporacion Real Estate SA
MC:REN
|
$15.47 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Wetouch Technology Inc. Common Stock's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 112,920,610 to 124,585,665, a change of 11,665,055 (10.3%).
- Net income of 6,031,158 contributed positively to equity growth.
- New share issuances of 8,989,754 increased equity.
- Other factors decreased equity by 3,355,857.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $6.03 Million | +4.84% |
| Share Issuances | $8.99 Million | +7.22% |
| Other Changes | $-3.36 Million | -2.69% |
| Total Change | $- | 10.33% |
Book Value vs Market Value Analysis
This analysis compares Wetouch Technology Inc. Common Stock's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.12x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 0.92x to 0.12x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2020-12-31 | $1.41 | $1.30 | x |
| 2021-12-31 | $40.43 | $1.30 | x |
| 2022-12-31 | $40.97 | $1.30 | x |
| 2023-12-31 | $11.60 | $1.30 | x |
| 2024-12-31 | $10.44 | $1.30 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Wetouch Technology Inc. Common Stock utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 4.84%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 14.26%
- • Asset Turnover: 0.33x
- • Equity Multiplier: 1.03x
- Recent ROE (4.84%) is below the historical average (6.35%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2020 | -20.13% | 0.00% | -0.67x | 1.06x | $-13.37 Million |
| 2021 | 27.04% | 42.63% | 0.59x | 1.07x | $10.96 Million |
| 2022 | 12.68% | 23.02% | 0.52x | 1.06x | $1.85 Million |
| 2023 | 7.32% | 20.81% | 0.33x | 1.06x | $-3.03 Million |
| 2024 | 4.84% | 14.26% | 0.33x | 1.03x | $-6.43 Million |
Industry Comparison
This section compares Wetouch Technology Inc. Common Stock's net assets metrics with peer companies in the Electronic Components industry.
Industry Context
- Industry: Electronic Components
- Average net assets among peers: $42,176,553,988
- Average return on equity (ROE) among peers: -5.10%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Wetouch Technology Inc. Common Stock (WETH) | $135.17 Million | -20.13% | 0.04x | $15.49 Million |
| American Aires Inc (AAIRF) | $4.68 Million | -72.64% | 0.10x | $3.94 Million |
| Alpha Technologies Group Inc (AHAG) | $18.50 Million | 22.45% | 0.88x | $0.93 |
| Allient Inc. (ALNT) | $36.32 Million | 19.18% | 0.62x | $845.72 Million |
| alpha-En Corporation (ALPE) | $94.61K | -111.43% | 1.68x | $3.62K |
| Alps Electric Co Ltd (APELY) | $190.75 Billion | 5.84% | 1.24x | $2.39 Billion |
| Amphenol Corporation (APH) | $323.41 Million | 32.15% | 2.65x | $165.03 Billion |
| AT & S Austria Technologie & Systemtechnik Aktiengesellschaft (ASAAF) | $226.29 Million | 18.25% | 1.19x | $344.33 Million |
| Audinate Group Limited (AUDGF) | $165.31 Million | -3.86% | 0.10x | $323.81 Million |
| AU Optronics Corp (AUOTY) | $212.82 Billion | 15.21% | 1.02x | $3.80 Billion |
| AVMPF (AVMPF) | $17.42 Billion | 23.89% | 2.47x | $7.28 Billion |