Income Statement (USD)

Q1 '24 QoQ
Revenue 297M 7.9%
Gross Profit 172M 5.6%
Cost of Revenue 125M 10.8%
Operating expense 137M 765.4%
Net Income 164M 2.6%

Balance Sheet (USD)

Q1 '24 QoQ
Total Assets 7.18B 2.6%
Total Liabilities 101M 97.4%
Total Equity 7.08B 1.9%
Shares Outstanding 453M 0.1%

Cash Flow (USD)

Q1 '24 QoQ
Cash from operations 219M 11.7%
Cash from financing 3.7M 105.5%



Financial Highlights for Wheaton Precious Metals in Q1 '24

Wheaton Precious Metals reported a revenue of 297M, which is a -7.9% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. A decline in revenue can be concerning, as it might indicate reduced sales or challenges in the market. It's important to investigate further to understand the underlying causes.

Gross Profit stood at 172M, marking a -5.6% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.

Cost of Revenue was 125M, a -10.8% 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 137M, showing a 765.4% 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 164M, showing a -2.6% 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.

Wheaton Precious Metals faced some challenges this quarter with a decline in one or more of the key metrics: revenue, gross profit, or net income. Higher operating expenses might indicate increased investments or potential inefficiencies. A decline in EBITDA signals potential operational challenges or increased costs.

The analytics provided are estimates and not a substitute for professional advice. All investments involve risks, including possible capital loss.
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