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This is the expense the company spent on research and development. II-VI Inc's research and development for the three months ended in Mar. 2016 was $14.9 Mil. Its research and development for the trailing twelve months (TTM) ended in Mar. 2016 was $52.9 Mil.
This is the expense the company spent on research and development.
II-VI Inc Research & Development for the trailing twelve months (TTM) ended in Mar. 2016 was 12.598 (Jun. 2015 ) + 13.151 (Sep. 2015 ) + 12.155 (Dec. 2015 ) + 14.946 (Mar. 2016 ) = $52.9 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.
II-VI Inc Annual Data
|Research & Development||6.9||16.1||7.7||10.2||18.8||16.1||21.4||22.7||42.5||51.3|
II-VI Inc Quarterly Data
|Research & Development||11.4||12.1||11.3||12.9||12.8||12.9||12.6||13.2||12.2||14.9|