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This is the expense the company spent on research and development. Garmin Ltd's research and development for the three months ended in Jun. 2014 was $98 Mil. Its research and development for the trailing twelve months (TTM) ended in Jun. 2014 was $376 Mil.
This is the expense the company spent on research and development.
Garmin Ltd Research & Development for the trailing twelve months (TTM) ended in Jun. 2014 was 88.427 (Sep. 2013 ) + 92.574 (Dec. 2013 ) + 96.164 (Mar. 2014 ) + 98.404 (Jun. 2014 ) = $376 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.
Garmin Ltd Annual Data
|Research & Development||79||75||113||159||206||238||277||299||326||365|
Garmin Ltd Quarterly Data
|Research & Development||80||80||82||83||88||96||88||93||96||98|