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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 Jun. 2014 was €20 Mil. Its research and development for the trailing twelve months (TTM) ended in Jun. 2014 was €75 Mil.
This is the expense the company spent on research and development.
Waters Corp Research & Development for the trailing twelve months (TTM) ended in Jun. 2014 was 17.3013196481 (Sep. 2013 ) + 19.8054331865 (Dec. 2013 ) + 17.9188993483 (Mar. 2014 ) + 19.9386548411 (Jun. 2014 ) = €75 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||50||55||60||55||62||54||63||72||72||74|
Waters Corp Quarterly Data
|Research & Development||18||19||18||19||19||19||17||20||18||20|