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This is the expense the company spent on research and development. NewMarket Corp's research and development for the three months ended in Sep. 2016 was $37 Mil. Its research and development for the trailing twelve months (TTM) ended in Sep. 2016 was $156 Mil.
This is the expense the company spent on research and development.
NewMarket Corp Research & Development for the trailing twelve months (TTM) ended in Sep. 2016 was 39.602 (Dec. 2015 ) + 39.216 (Mar. 2016 ) + 40.72 (Jun. 2016 ) + 36.715 (Sep. 2016 ) = $156 Mil.
If competitive advantage is created by a patent or tech advantage, at some point it will disappear.
High R&D usually dictates high SG&A which threatens the competitive advantage.
NewMarket Corp Annual Data
|Research & Development||70||77||82||86||91||105||118||137||139||158|
NewMarket Corp Quarterly Data
|Research & Development||35||36||36||40||40||39||40||39||41||37|