Luzhou Laojiao Co (SZSE:000568) Research & Development : ¥231 Mil (TTM As of Mar. 2024)

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What is Luzhou Laojiao Co Research & Development?

Research & Development is the aggregate amount of research and development expenses during the year. Luzhou Laojiao Co's Research & Development for the three months ended in Mar. 2024 was ¥30 Mil. Its Research & Development for the trailing twelve months (TTM) ended in Mar. 2024 was ¥231 Mil.

Luzhou Laojiao Co Research & Development Historical Data

The historical data trend for Luzhou Laojiao Co's Research & Development can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Luzhou Laojiao Co Research & Development Chart

Luzhou Laojiao Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Research & Development

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71.64

85.86

137.71

206.25

225.96

Luzhou Laojiao Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Research & Development	Get a 7-Day Free Trial															25.48	37.43	65.22	97.82	30.29

Luzhou Laojiao Co Research & Development Calculation

This is the expense the company spent on research and development.

Research & Development for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ¥231 Mil.

Luzhou Laojiao Co (SZSE:000568) Research & Development Explanation

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.

Luzhou Laojiao Co Research & Development Related Terms

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Luzhou Laojiao Co (SZSE:000568) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Luzhou Laojiao Co Ltd (SZSE:000568) » Definitions » Research & Development

Traded in Other Exchanges

N/A

Address

Nanguang road, Luzhou Laojiao Marketing Network Command Center, Longmatan District, Sichuan Province, Luzhou, CHN, 646000

Website

https://www.lzlj.com

Luzhou Laojiao, or Laojiao, is one of China's leading premium baijiu producers. Its primary product, National Cellar 1573, is widely known as one of the best rich-flavored baijiu in the market, which together with Feitian Moutai and flagship Wuliangye are the top three premium products that dominate more than 90% of the high-end baijiu market. The high-quality products, extensive history, and brand strength have led to strong pricing power, allowing the company to enjoy high retail prices and profit margins. The State-Owned Assets Supervision and Administration Commission of Luzhou City controls 46% of Luzhou Laojiao.

Luzhou Laojiao Co (SZSE:000568) Headlines

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