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This is the expense the company spent on research and development. Schweitzer-Mauduit International, Inc.'s research and development for the three months ended in Dec. 2013 was $4.2 Mil. Its research and development for the trailing twelve months (TTM) ended in Dec. 2013 was $15.3 Mil.
This is the expense the company spent on research and development.
Schweitzer-Mauduit International, Inc. Research & Development for the trailing twelve months (TTM) ended in Dec. 2013 was 3.8 (Mar. 2013 ) + 3.7 (Jun. 2013 ) + 3.6 (Sep. 2013 ) + 4.2 (Dec. 2013 ) = $15.3 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.
Schweitzer-Mauduit International, Inc. Annual Data
|Research & Development||9.3||9.0||7.3||8.0||8.3||8.0||8.5||9.3||9.9||15.3|
Schweitzer-Mauduit International, Inc. Quarterly Data
|Research & Development||2.3||2.6||2.2||2.6||2.4||2.7||3.8||3.7||3.6||4.2|