Similar companies
Income Statement (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Revenue | 308M | 3.1% |
| Gross Profit | 197M | 6% |
| Cost of Revenue | 111M | 1.8% |
| Operating expense | 130M | 0.5% |
| Net Income | 155M | 26.4% |
Balance Sheet (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Total Assets | 7.39B | 1.9% |
| Total Liabilities | 126M | 44.3% |
| Total Equity | 7.26B | 1.4% |
| Shares Outstanding | 454M | 0% |
Cash Flow (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Cash from operations | 254M | 8.5% |
| Cash from financing | -69M | 47.4% |
EPS
Financial Highlights for Wheaton Precious Metals in Q3 '24
Wheaton Precious Metals reported a revenue of 308M, which is a 3.1% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 197M, marking a 6% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 111M, a -1.8% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 130M, showing a 0.5% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was 155M, showing a 26.4% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
It was a positive quarter for Wheaton Precious Metals with growth in revenue, gross profit, and net income. Higher operating expenses might indicate increased investments or potential inefficiencies.
