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This is the expense the company spent on research and development. Waters Corp's research and development for the three months ended in Dec. 2014 was €23 Mil. Its research and development for the trailing twelve months (TTM) ended in Dec. 2014 was €82 Mil.
This is the expense the company spent on research and development.
Waters Corp Research & Development for the trailing twelve months (TTM) ended in Dec. 2014 was 17.8929862617 (Mar. 2014 ) + 19.8506254599 (Jun. 2014 ) + 21.1629169899 (Sep. 2014 ) + 23.296025953 (Dec. 2014 ) = €82 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.
Waters Corp Annual Data
|Research & Development||56||59||55||60||53||64||70||73||73||87|
Waters Corp Quarterly Data
|Research & Development||18||19||20||19||18||20||18||20||21||23|