AB Volvo Research and Development Expenses 2016-2024 | VLVLY
AB Volvo annual/quarterly research and development expenses history and growth rate from 2016 to 2024. Research and development expenses can be defined as an expense arising from studies and product development processes.
- AB Volvo research and development expenses for the quarter ending March 31, 2024 were $0.705B, a 13.53% increase year-over-year.
- AB Volvo research and development expenses for the twelve months ending March 31, 2024 were $2.597B, a 9.93% increase year-over-year.
- AB Volvo annual research and development expenses for 2023 were $2.513B, a 12.56% increase from 2022.
- AB Volvo annual research and development expenses for 2022 were $2.232B, a 6.2% increase from 2021.
- AB Volvo annual research and development expenses for 2021 were $2.102B, a 14.8% increase from 2020.
| AB Volvo Annual Research and Development Expenses (Millions of US $) |
|
|---|---|
| 2023 | $2,513 |
| 2022 | $2,232 |
| 2021 | $2,102 |
| 2020 | $1,831 |
| 2019 | $1,961 |
| 2018 | $1,830 |
| 2017 | $1,888 |
| 2016 | $1,710 |
| 2015 | $1,823 |
| AB Volvo Quarterly Research and Development Expenses (Millions of US $) |
|
|---|---|
| 2024-03-31 | $705 |
| 2023-12-31 | $661 |
| 2023-09-30 | $583 |
| 2023-06-30 | $648 |
| 2023-03-31 | $621 |
| 2022-12-31 | $656 |
| 2022-09-30 | $531 |
| 2022-06-30 | $554 |
| 2022-03-31 | $491 |
| 2021-12-31 | $541 |
| 2021-09-30 | $471 |
| 2021-06-30 | $568 |
| 2021-03-31 | $521 |
| 2020-12-31 | $504 |
| 2020-09-30 | $419 |
| 2020-06-30 | $394 |
| 2020-03-31 | $514 |
| 2019-12-31 | $557 |
| 2019-09-30 | $444 |
| 2019-06-30 | $510 |
| 2019-03-31 | $450 |
| 2018-12-31 | $447 |
| 2018-09-30 | $372 |
| 2018-06-30 | $484 |
| 2018-03-31 | $527 |
| 2017-12-31 | $548 |
| 2017-09-30 | $424 |
| 2017-06-30 | $469 |
| 2017-03-31 | $448 |
| 2016-09-30 | $386 |
| 2016-03-31 | $408 |
| 2015-12-31 | |
| 2015-09-30 | |
| 2015-06-30 | |
| Sector | Industry | Market Cap | Revenue |
|---|---|---|---|
| Auto/Tires/Trucks | Auto & Truck Original Equipment Manufacturers | $52.268B | $52.110B |
| AB Volvo is the parent company of the Volvo Group. The Volvo Group is a manufacturer of trucks, buses, construction equipment, diesel engines, and marine and industrial engines. The Volvo Group also provides solutions for financing and service. Its segments include Trucks, Construction Equipment, Buses, Volvo Penta, Group functions & Other, and Financial Services. The Company's brand portfolio consists of Volvo, Volvo Penta, UD, Terex Trucks, Renault Trucks, Prevost, Nova Bus and Mack. In addition to vehicles and machines, its offering includes a range of services, such as insurance, rental services, spare parts, preventive maintenance, service agreements, assistance services and information technology (IT) services. Its product range is divided into Vehicles and Services. The sale of new vehicles, machinery and engines comprise Vehicles, as well as the sale of used vehicles and machines, trailers, superstructures and special vehicles. Its Services include the sale of spare parts. | |||
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| Gentex (GNTX) | United States | $7.029B | 16.33 |
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| Modine Manufacturing (MOD) | United States | $5.861B | 31.71 |
| Lear (LEA) | United States | $5.256B | 7.62 |
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| PHINIA (PHIN) | United States | $1.930B | 11.95 |
| Adient (ADNT) | Ireland | $1.728B | 11.80 |
| OPENLANE (KAR) | United States | $1.727B | 22.08 |
| Garrett Motion (GTX) | Switzerland | $1.612B | 7.40 |
| Gentherm Inc (THRM) | United States | $1.340B | 14.77 |
| Dana (DAN) | United States | $1.147B | 21.38 |
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