Tofas Turk Otomobil Fabrikasi AS (Tofas Turk Otomobil Fabrikasi AS) Research & Development : $48 Mil (TTM As of Mar. 2024)

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What is Tofas Turk Otomobil Fabrikasi AS Research & Development?

Research & Development is the aggregate amount of research and development expenses during the year. Tofas Turk Otomobil Fabrikasi AS's Research & Development for the three months ended in Mar. 2024 was $13 Mil. Its Research & Development for the trailing twelve months (TTM) ended in Mar. 2024 was $48 Mil.

Tofas Turk Otomobil Fabrikasi AS Research & Development Historical Data

The historical data trend for Tofas Turk Otomobil Fabrikasi AS'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.

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Tofas Turk Otomobil Fabrikasi AS Research & Development Chart

Tofas Turk Otomobil Fabrikasi AS Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Research & Development

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11.73

9.85

9.33

41.12

38.23

Tofas Turk Otomobil Fabrikasi AS Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Research & Development	Get a 7-Day Free Trial															15.72	7.29	10.05	17.37	13.11

Tofas Turk Otomobil Fabrikasi AS Research & Development Calculation

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

Research & Development for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $48 Mil.

Tofas Turk Otomobil Fabrikasi AS (GREY:TTOFF) 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.

Tofas Turk Otomobil Fabrikasi AS Research & Development Related Terms

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Tofas Turk Otomobil Fabrikasi AS (Tofas Turk Otomobil Fabrikasi AS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Tofas Turk Otomobil Fabrikasi AS (GREY:TTOFF) » Definitions » Research & Development

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TOASO:Turkey

Address

Buyukdere Cad. No: 145 Tofas Han, Zincirlikuyu, Istanbul, TUR, 34394

Website

https://www.tofas.com.tr

Tofas Turk Otomobil Fabrikasi AS is a Turkish automotive manufacturer of both passenger cars and light commercial vehicles. Its core business s manufacturing, exporting and selling passenger cars and light commercial vehicles under licenses of Fiat Chrysler Automobiles S.p.A. (Fiat). The company manufactures for a range of passenger cars i.e. Fiat Linea, Egea models, and others. Tofas also acts as a distributor of the Fiat, Alfa Romeo, Jeep, Lancia, Maserati, and Ferrari brands in Turkey. It also produces various automotive spare parts used in its automobiles. The company has three business divisions namely Automobile, Trading of spare parts, and Consumer finance.

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