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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 Mar. 2015 was $106 Mil. Its research and development for the trailing twelve months (TTM) ended in Mar. 2015 was $405 Mil.
This is the expense the company spent on research and development.
Garmin Ltd Research & Development for the trailing twelve months (TTM) ended in Mar. 2015 was 98.404 (Jun. 2014 ) + 98.998 (Sep. 2014 ) + 101.554 (Dec. 2014 ) + 106.002 (Mar. 2015 ) = $405 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||75||113||159||206||238||277||299||326||365||395|
Garmin Ltd Quarterly Data
|Research & Development||83||88||96||88||93||96||98||99||102||106|