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MGI Tech Co (SHSE:688114) Research & Development : ¥894 Mil (TTM As of Mar. 2024)


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What is MGI Tech Co Research & Development?

Research & Development is the aggregate amount of research and development expenses during the year. MGI Tech Co's Research & Development for the three months ended in Mar. 2024 was ¥202 Mil. Its Research & Development for the trailing twelve months (TTM) ended in Mar. 2024 was ¥894 Mil.

MGI Tech Co Research & Development Historical Data

The historical data trend for MGI Tech Co'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.

* Premium members only.

MGI Tech Co Research & Development Chart

MGI Tech Co Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Research & Development
Get a 7-Day Free Trial 343.29 700.14 608.30 814.37 909.98

MGI Tech Co Quarterly Data
Dec17 Dec18 Dec19 Jun20 Sep20 Dec20 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 218.80 213.30 210.03 267.86 202.46

MGI Tech Co 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 ¥894 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.

MGI Tech Co  (SHSE:688114) 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.

MGI Tech Co Research & Development Related Terms

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MGI Tech Co (SHSE:688114) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » MGI Tech Co Ltd (SHSE:688114) » Definitions » Research & Development
Comparable Companies
SZSE:300003 SHSE:603658 SHSE:688617 SZSE:300633 SZSE:300529 SHSE:688198 SZSE:300298 SHSE:688161 SZSE:002901 SZSE:301363 ABT SYK MDT BSX SZSE:300760 EW DXCM ZBH STE XAMS:PHIA
Traded in Other Exchanges
N/A
Address
Beishan Industrial Zone, 2nd Floor, Comprehensive Building and Building 11, Yantian District, Guangdong Province, Shenzhen, CHN, 518083
Website
http://www.mgi-tech.com
MGI Tech Co Ltd is a producer of clinical high-throughput gene sequencers, and its multi-omics platforms include genetic sequencing, medical imaging, and laboratory automation. It provides real-time, panoramic, and full-life-cycle equipment and systems for precision medicine, precision agriculture, precision healthcare and other relevant industries.

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