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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 Sep. 2015 was €27 Mil. Its research and development for the trailing twelve months (TTM) ended in Sep. 2015 was €105 Mil.
This is the expense the company spent on research and development.
Waters Corp Research & Development for the trailing twelve months (TTM) ended in Sep. 2015 was 23.296025953 (Dec. 2014 ) + 26.7495149219 (Mar. 2015 ) + 27.225340818 (Jun. 2015 ) + 27.3572128664 (Sep. 2015 ) = €105 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||59||55||60||53||64||70||73||73||87||109|
Waters Corp Quarterly Data
|Research & Development||18||20||18||20||21||23||27||27||27||26|