Company / R&D Expense
IT TECH PACKAGING, INC. R&D Expense History
FY2015-FY2024 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest R&D Expense
$99.6K
FY2024
5-year range
$74.8K / $145.5K
FY2020-FY2024
Trend
+9.7%
vs FY2023
Sector context
Sector data unavailable
Latest sector comparison
What the data says
R&D Expense has fluctuated over the past 10 years, ranging from $20,276 in FY2016 to $145,538 in FY2022.
Based on SEC 10-K filings.
$99,610 in FY2024 with a 5-year CAGR of +27.0%.
Declined from $145,538 to $99,610 over the past 2 years.
R&D Expense over time
Growth rates
- 3-Year CAGR
- -0.6%
- 5-Year CAGR
- +27.0%
- 10-Year CAGR
- -
Key checks
Key Insights
- 5-year CAGR of +27.0%, indicating consistent growth.
- In FY2024, r&d expense increased 9.7% year-over-year.
- Peak r&d expense was recorded in FY2022.
- Lowest r&d expense in the period was in FY2016.
Company context
Key Data Points
- Altman Z-Score 3.72 (safe zone, above 2.9 threshold)
- High earnings quality (cash-backed earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | R&D ExpenseValue | YoY GrowthYoY |
|---|---|---|
| FY2024 | $99.6K | +9.7% |
| FY2023 | $90.8K | -37.6% |
| FY2022 | $145.5K | +43.5% |
| FY2021 | $101.4K | +35.5% |
| FY2020 | $74.8K | +147.8% |
| FY2019 | $30.2K | -5.4% |
| FY2018 | $31.9K | +47.8% |
| FY2017 | $21.6K | +6.5% |
| FY2016 | $20.3K | -19.3% |
| FY2015 | $25.1K | +16.1% |
As of FY2024 · SEC 10-K · Updated Jun 24, 2026