R & D Expenses (Historical) Formula in Excel

Get instant access to a company's research and development expenses for any historical period directly in Excel using MarketXLS. This formula helps investors and analysts track how much a company spends on research and development, which is a vital indicator of innovation and future growth potential.

Understanding R & D Expenses (Historical)

Research and Development (R&D) expenses reflect a company's investment in creating new products, services, or processes. Using the R & D Expenses (Historical) formula in Excel with MarketXLS, you can:

• Quickly compare R&D spending across multiple companies or annual periods.
• Identify trends in innovation spending to gauge future growth.
• Integrate essential financial insights into your Excel-driven workflows.

Syntax and Parameters

Below is the syntax for calling the R & D Expenses (Historical) formula:

=hf_Research_and_Development_Expense(Symbol, Year, [Quarter], [TTM])

?? Note: If the symbol is invalid or you do not have the required data subscription, the function returns "NA".

Return Value

• Returns a numeric value representing R&D expenses for the specified period.
• Returns "NA" if data is not available or if there is an error.

Error Handling and Special Cases

• If any parameter is invalid, the function will return a string "NA".
• If your license does not include historical fundamental data, you will see an error message.
• Large spreadsheets with multiple calls to this function may experience slower performance. Consider using it in smaller batches or caching results.

? Pro Tip: Use the "TTM" parameter to quickly see trailing twelve-month values instead of discrete quarters or years.

Examples and Usage

Below are a few practical examples demonstrating different ways to call this formula:

1. Basic yearly usage:

   =hf_Research_and_Development_Expense("MSFT", 2022)

   Retrieves R&D expenses for Microsoft in the year 2022.

2. Specifying a quarter:

   =hf_Research_and_Development_Expense("MSFT", 2022, 2)

   Returns R&D expenses for Microsoft in Q2 of 2022.

3. Trailing Twelve Months (TTM):

   =hf_Research_and_Development_Expense("MSFT", 2022, 3, "TTM")

   Tracks R&D expenses over the trailing twelve months from Q3 of 2022.

4. Last Quarter (lq):

   =hf_Research_and_Development_Expense("MSFT", "lq")

   Returns the R&D figure for the most recently reported quarter.

5. Last Quarter minus one (lq-1):

   =hf_Research_and_Development_Expense("MSFT", "lq-1")

   Looks back one quarter further from the most recently reported quarter.

Using Cell References and Other Date Formats

Although this function accepts a year and quarter rather than specific dates, you can still manage year inputs dynamically:

• Cell references:
  =hf_Research_and_Development_Expense(A1, B1, C1, D1)
• Text-based year input (direct text entry):
  =hf_Research_and_Development_Expense("MSFT", "2024")
• Formulas that generate year strings:
  =hf_Research_and_Development_Expense("MSFT", TEXT(A1,"yyyy"))

?? Note: Passing a literal date string (e.g., "2024-03-15") to the "Year" parameter might not parse as expected. Ensure you provide valid tokens like "2024", "lq", "ly", etc.

Common Questions

1. Why am I getting "NA"?

• You may be using an unsupported symbol.
• Your MarketXLS subscription might not include historical fundamental data.
• The function may not recognize the year, quarter, or TTM inputs.

2. Can I use this function for all types of symbols?

Yes. The function supports equities, indices, options, and cryptocurrencies (e.g., "BTCUSD:DEFAULT"), but ensure you have correct subscription levels for all data types.

3. How can I improve performance when calling this function repeatedly?

• Use fewer calls by consolidating data retrieval.
• Leverage Excel’s built-in caching by referencing cells rather than calling the function repeatedly in large ranges.
• Keep track of high-frequency updates separately from less frequently updated data.

4. Does the function adjust for different fiscal years?

Yes. MarketXLS retrieves data based on each company’s reported fiscal calendar. The function’s parameters (year, quarter, TTM) align with the company’s reporting dates.

?? Note: For more related formulas such as Revenue (Historical), Cost Of Revenue (Historical), Gross Profit (Historical), or Selling General and Administrative Expense (Historical), explore the MarketXLS knowledge base.