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This is the expense the company spent on research and development. ITT Corp's research and development for the three months ended in Dec. 2016 was $22 Mil. Its research and development for the trailing twelve months (TTM) ended in Dec. 2016 was $81 Mil.
This is the expense the company spent on research and development.
ITT Corp Research & Development for the trailing twelve months (TTM) ended in Dec. 2016 was 19.2 (Mar. 2016 ) + 21.1 (Jun. 2016 ) + 18.6 (Sep. 2016 ) + 21.9 (Dec. 2016 ) = $81 Mil.
* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.
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.
ITT Corp Annual Data
|Research & Development||182||244||258||59||64||63||67||77||79||81|
ITT Corp Quarterly Data
|Research & Development||20||20||18||19||18||24||19||21||19||22|