Canoo (GOEV) Research & Development: $92.22 Mil (TTM As of Sep. 2024)


GOEV Canoo Inc GOEV
23 GF Score
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What is Canoo Research & Development?

Canoo GOEV 23 Research & Development is $92.22 Mil as of Sep. 2024. GuruFocus rates GOEV with a GF Score™ of 23/100.

Research & Development is the aggregate amount of research and development expenses during the year. Canoo's Research & Development for the three months ended in Sep. 2024 was $17.50 Mil. Its Research & Development for the trailing twelve months (TTM) ended in Sep. 2024 was $92.22 Mil.

Canoo  (OTCPK:GOEV) Research & Development Explanation

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.

Canoo Research & Development Related Terms

Canoo Research & Development Historical Data

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The historical data trend for Canoo's Research & Development can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Canoo Research & Development Chart

Canoo Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Research & Development
137.38 142.86 246.25 299.22 139.19

Canoo Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Research & Development Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 21.97 31.54 26.39 16.78 17.50
GOEV
23GF Score
Canoo Inc GOEV
Research & Development is just one metric. See GF Score™, valuation, warning signs, and more.
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Canoo Research & Development Calculation

This is the expense the company spent on research and development.

Research & Development for the trailing twelve months (TTM) ended in Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $92.22 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Research & Development →
What does a Research & Development of $92.22 Mil mean?
Canoo (GOEV) has a Research & Development of $92.22 Mil as of Sep. 2024. Research and development expense is the total cost for research and development activities. View historical data on Canoo and its competitors.
Is Canoo's Research & Development too high?
Canoo's current Research & Development is $92.22 Mil. Overall, Canoo has a GF Score™ of 23/100, reflecting its overall financial health beyond just this single metric.
How does Canoo's Research & Development compare to DMN and EVTV?
Canoo's Research & Development of $92.22 Mil can be compared against companies in the Vehicles & Parts industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Research & Development for a Vehicles & Parts company?
A good Research & Development depends on the Vehicles & Parts industry context. However, Research & Development should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Research & Development mean?
A high Research & Development can signal that a stock is expensive relative to its fundamentals. Research and development expense is the total cost for research and development activities. View historical data on Canoo and its competitors. Canoo's current Research & Development is $92.22 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Canoo stock overvalued right now?
Canoo (GOEV) has a current Research & Development of $92.22 Mil. The current Research & Development is $92.22 Mil. Canoo's overall GF Score™ is 23/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Research & Development calculated?
Research & Development is calculated from a company's financial statements. For Canoo (GOEV), the current Research & Development is $92.22 Mil as of Sep. 2024. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Canoo Business Description

Address 19951 Mariner Avenue, Torrance, CA, USA, 90503
Canoo Inc is a mobility technology company providing with a proprietary modular electric vehicle platform and connected services initially focused on commercial fleet, government and military customers. The Company has developed a breakthrough EV platform that it believes will enable it to rapidly iterate and bring new products, addressing multiple use cases, to market faster than competition and at lower cost.
23GF Score

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Research & Development is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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