Company / R&D Expense
Wetouch Technology Inc. R&D Expense History
FY2020-FY2024 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest R&D Expense
$84.6K
FY2024
5-year range
$78.0K / $89.5K
FY2020-FY2024
Trend
-0.8%
vs FY2023
Sector context
Sector data unavailable
Latest sector comparison
What the data says
Declined from $89,477 to $84,551 over the past 2 years.
Based on SEC 10-K filings.
$84,551 in FY2024 with a 3-year CAGR of +2.7%.
Declined from $89,477 to $84,551 over the past 2 years.
R&D Expense over time
Growth rates
- 3-Year CAGR
- +2.7%
- 5-Year CAGR
- -
- 10-Year CAGR
- -
Key checks
Key Insights
- 3-year CAGR of +2.7%, indicating consistent growth.
- In FY2024, r&d expense decreased 0.8% year-over-year.
- Peak r&d expense was recorded in FY2020.
- Lowest r&d expense in the period was in FY2021.
Company context
Key Data Points
- Altman Z-Score 4.39 (safe zone, above 2.9 threshold)
- Low earnings quality (accrual-heavy earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | R&D ExpenseValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | - | - |
| FY2024 | $84.6K | -0.8% |
| FY2023 | $85.3K | -4.7% |
| FY2022 | $89.5K | +14.7% |
| FY2021 | $78.0K | -42.8% |
| FY2020 | $136.4K | - |
As of FY2024 · SEC 10-K · Updated Jun 28, 2026