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This is the expense the company spent on research and development. Cummins Inc's research and development for the three months ended in Sep. 2014 was $198 Mil. Its research and development for the trailing twelve months (TTM) ended in Sep. 2014 was $748 Mil.
This is the expense the company spent on research and development.
Cummins Inc Research & Development for the trailing twelve months (TTM) ended in Sep. 2014 was 181 (Dec. 2013 ) + 190 (Mar. 2014 ) + 179 (Jun. 2014 ) + 198 (Sep. 2014 ) = $748 Mil.
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.
Cummins Inc Annual Data
|Research & Development||241||278||321||329||422||362||414||629||728||713|
Cummins Inc Quarterly Data
|Research & Development||187||186||174||182||177||173||181||190||179||198|