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Sinopec Oilfield Equipment (SZSE:000852) Research & Development : ¥385 Mil (TTM As of Mar. 2024)


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What is Sinopec Oilfield Equipment Research & Development?

Research & Development is the aggregate amount of research and development expenses during the year. Sinopec Oilfield Equipment's Research & Development for the three months ended in Mar. 2024 was ¥72 Mil. Its Research & Development for the trailing twelve months (TTM) ended in Mar. 2024 was ¥385 Mil.


Sinopec Oilfield Equipment Research & Development Historical Data

The historical data trend for Sinopec Oilfield Equipment'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.

* Premium members only.

Sinopec Oilfield Equipment Research & Development Chart

Sinopec Oilfield Equipment Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Research & Development
Get a 7-Day Free Trial Premium Member Only Premium Member Only 410.56 386.06 276.37 310.59 375.60

Sinopec Oilfield Equipment 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 62.51 94.92 84.04 134.14 71.97

Sinopec Oilfield Equipment 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 ¥385 Mil.

* 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.


Sinopec Oilfield Equipment  (SZSE:000852) 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.


Sinopec Oilfield Equipment Research & Development Related Terms

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Sinopec Oilfield Equipment (SZSE:000852) Business Description

Traded in Other Exchanges
N/A
Address
No. 5, Huagongyuan First Road, Donghu New Technology Development Zone, Miaoshan Community, Hubei, Wuhan, CHN, 430205
Sinopec Oilfield Equipment Corp is engaged in making petroleum drilling and mining equipment. It includes the development, sales, inspection, and maintenance services of drill bits, drilling tools, manifolds, valves, downhole tools, and instruments.
Executives
Zou Zhi Guo Supervisors
Xie Yong Jin Director
Yu Tian Jing Supervisors
Hong Chun Ling Executives
Meng Yong Securities Affairs Representative

Sinopec Oilfield Equipment (SZSE:000852) Headlines

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