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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 Sep. 2014 was $12.9 Mil. Its research and development for the trailing twelve months (TTM) ended in Sep. 2014 was $47.7 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 Sep. 2014 was 11.355 (Dec. 2013 ) + 12.099 (Mar. 2014 ) + 11.322 (Jun. 2014 ) + 12.943 (Sep. 2014 ) = $47.7 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||12.6||6.9||16.1||7.7||17.7||11.8||16.1||21.4||22.7||42.5|
II-VI Inc Quarterly Data
|Research & Development||5.6||5.6||5.8||5.7||7.7||11.4||12.1||11.3||12.9||12.8|