Erayak Power Solution Group (Erayak Power Solution Group) Research & Development : $1.18 Mil (TTM As of Dec. 2023)

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What is Erayak Power Solution Group Research & Development?

Research & Development is the aggregate amount of research and development expenses during the year. Erayak Power Solution Group's Research & Development for the six months ended in Dec. 2023 was $0.70 Mil. Its Research & Development for the trailing twelve months (TTM) ended in Dec. 2023 was $1.18 Mil.

Erayak Power Solution Group Research & Development Historical Data

The historical data trend for Erayak Power Solution Group'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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Erayak Power Solution Group Research & Development Chart

Erayak Power Solution Group Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Research & Development

0.51

0.61

0.99

0.93

1.18

Erayak Power Solution Group Semi-Annual Data
	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Research & Development	Get a 7-Day Free Trial				0.58	0.56	0.37	0.48	0.70

Erayak Power Solution Group Research & Development Calculation

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

Research & Development for the trailing twelve months (TTM) ended in Dec. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was $1.18 Mil.

Erayak Power Solution Group (NAS:RAYA) 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.

Erayak Power Solution Group Research & Development Related Terms

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Erayak Power Solution Group (Erayak Power Solution Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Erayak Power Solution Group Inc (NAS:RAYA) » Definitions » Research & Development

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 528, 4th Avenue, Binhai Industrial Park, Zhejiang Province, Wenzhou, CHN, 325025

Website

https://www.erayakpower.com

Erayak Power Solution Group Inc engages in manufacturing, research and development, and wholesale and retail of power solution products. Its product portfolio includes sine wave and off-grid inverters, inverter and gasoline generators, battery, and smart chargers, and custom-designed products. It derives the majority revenue from three products namely inverters, chargers, and gasoline generators.