It Tech Packaging annual r&d spending
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It Tech Packaging R&D Spending Growth & History (ITP)
It Tech Packaging's r&d spending was $99,610 for fiscal 2024.
View full It Tech Packaging company overviewIt Tech Packaging annual r&d spending history
| Fiscal year | Period ended | R&D spending | Change | Growth |
|---|---|---|---|---|
| 2024 | 2024-12-31 | $99,610 | $8,844 | +9.74% |
| 2023 | 2023-12-31 | $90,766 | −$54,772 | −37.63% |
| 2022 | 2022-12-31 | $145,538 | $44,128 | +43.51% |
| 2021 | 2021-12-31 | $101,410 | $32,202 | +46.53% |
| 2020 | 2020-12-31 | $69,208 | −$5,617 | −7.51% |
| 2019 | 2019-12-31 | $74,825 | $44,631 | +147.81% |
| 2018 | 2018-12-31 | $30,194 | −$1,728 | −5.41% |
| 2017 | 2017-12-31 | $31,922 | $10,324 | +47.80% |
| 2016 | 2016-12-31 | $21,598 | −$6,850 | −24.08% |
| 2015 | 2015-12-31 | $28,448 | $8,172 | +40.30% |
| 2014 | 2014-12-31 | $20,276 | −$4,849 | −19.30% |
| 2013 | 2013-12-31 | $25,125 | $3,489 | +16.13% |
| 2012 | 2012-12-31 | $21,636 | $1,880 | +9.52% |
| 2011 | 2011-12-31 | $19,756 | $1,523 | +8.35% |
| 2010 | 2010-12-31 | $18,233 | — | — |
It Tech Packaging r&d spending trends
Over the last five fiscal years, It Tech Packaging's r&d spending increased from $74,825 to $99,610, a change of $24,785.
About the metric
What research and development spending means
Research and development (R&D) spending covers the costs of creating and improving products, services, software, technologies, and processes. Higher R&D spending may support future innovation, but the amount alone does not show whether those investments will generate returns.
Calculation and source
SEC-reported R&D expense
TickerStat standardizes research and development expense reported in company SEC filings, including the software-specific US-GAAP R&D concept when it is the filer’s primary R&D expense line. It is historical company-reported spending, not an estimate or forecast. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review It Tech Packaging source filings ↗