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Nexen Tire (XKRX:002350) Research & Development : ₩87,113 Mil (TTM As of Mar. 2024)


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What is Nexen Tire Research & Development?

Research & Development is the aggregate amount of research and development expenses during the year. Nexen Tire's Research & Development for the three months ended in Mar. 2024 was ₩20,005 Mil. Its Research & Development for the trailing twelve months (TTM) ended in Mar. 2024 was ₩87,113 Mil.

Nexen Tire Research & Development Historical Data

The historical data trend for Nexen Tire'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.

Nexen Tire Research & Development Chart

Nexen Tire 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 92,607.20 91,495.44 85,101.09 90,494.42 86,634.37

Nexen Tire 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 19,527.11 20,907.68 20,343.71 25,855.87 20,005.41

Nexen Tire 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 ₩87,113 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.

Nexen Tire  (XKRX:002350) 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.

Nexen Tire Research & Development Related Terms

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Nexen Tire (XKRX:002350) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Nexen Tire Corp (XKRX:002350) » Definitions » Research & Development
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Traded in Other Exchanges
002355:Korea
Address
355, Chungryeol-ro, Gyeongsangnam-do, Yangsan-si, KOR
Website
http://www.nexentire.com
Nexen Tire Corp manufactures, markets and exports tires. The firm has divided its business in the passenger car, SUV, Van and light truck, Global OE, Solid tire and Tube and Flap and all seasons divisions. The company has manufacturing facilities in Korea and China and has research and development facilities in the U.S., China, and Germany.

Nexen Tire (XKRX:002350) Headlines

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