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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 Sep. 2015 was $3.5 Mil. Its research and development for the trailing twelve months (TTM) ended in Sep. 2015 was $14.3 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 Sep. 2015 was 3.8 (Dec. 2014 ) + 3.3 (Mar. 2015 ) + 3.7 (Jun. 2015 ) + 3.5 (Sep. 2015 ) = $14.3 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||9.0||7.3||8.0||8.3||8.1||8.5||9.3||10.0||15.3||15.7|
Schweitzer-Mauduit International Inc Quarterly Data
|Research & Development||3.7||3.6||4.2||4.1||4.2||3.6||3.8||3.3||3.7||3.5|