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This is the expense the company spent on research and development. NewMarket Corporation's research and development for the three months ended in Dec. 2013 was $33 Mil. Its research and development for the trailing twelve months (TTM) ended in Dec. 2013 was $137 Mil.
This is the expense the company spent on research and development.
NewMarket Corporation Research & Development for the trailing twelve months (TTM) ended in Dec. 2013 was 31.021 (Mar. 2013 ) + 36.429 (Jun. 2013 ) + 35.865 (Sep. 2013 ) + 33.258 (Dec. 2013 ) = $137 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 Corporation Annual Data
|Research & Development||65||65||70||77||82||86||91||105||118||137|
NewMarket Corporation Quarterly Data
|Research & Development||27||29||28||28||30||31||31||36||36||33|