Hollysys Automation Technologies, Ltd. (HOLI) Research and Development Expense USD 2010 - 2023

Historical data

Taxonomy & unit
us-gaap: USD
Description
The aggregate costs incurred (1) in a planned search or critical investigation aimed at discovery of new knowledge with the hope that such knowledge will be useful in developing a new product or service, a new process or technique, or in bringing about a significant improvement to an existing product or process; or (2) to translate research findings or other knowledge into a plan or design for a new product or process or for a significant improvement to an existing product or process whether intended for sale or the entity's use, during the reporting period charged to research and development projects, including the costs of developing computer software up to the point in time of achieving technological feasibility, and costs allocated in accounting for a business combination to in-process projects deemed to have no alternative future use.
Summary
Hollysys Automation Technologies, Ltd. annual Research and Development Expense history and growth rate from 2010 to 2023.
  • Hollysys Automation Technologies, Ltd. annual Research and Development Expense for 2023 was $70.2 M, a 0.89% increase from 2022.
  • Hollysys Automation Technologies, Ltd. annual Research and Development Expense for 2022 was $69.6 M, a 24.4% increase from 2021.
  • Hollysys Automation Technologies, Ltd. annual Research and Development Expense for 2021 was $56 M, a 33.6% increase from 2020.
Research and Development Expense, Annual (USD)
Research and Development Expense, YoY Annual Growth (%)
Period Value YoY Chg Change % Start Date End Date Report Filed
2023 $70.2 M +$620 K +0.89% Jul 1, 2022 Jun 30, 2023 20-F 2023-09-20
2022 $69.6 M +$13.6 M +24.4% Jul 1, 2021 Jun 30, 2022 20-F 2023-09-20
2021 $56 M +$14.1 M +33.6% Jul 1, 2020 Jun 30, 2021 20-F 2023-09-20
2020 $41.9 M +$4.85 M +13.1% Jul 1, 2019 Jun 30, 2020 20-F 2022-09-22
2019 $37 M +$420 K +1.15% Jul 1, 2018 Jun 30, 2019 20-F 2022-02-18
2018 $36.6 M +$6.5 M +21.6% Jul 1, 2017 Jun 30, 2018 20-F 2020-09-28
2017 $30.1 M -$6.46 M -17.7% Jul 1, 2016 Jun 30, 2017 20-F 2019-09-19
2016 $36.6 M +$785 K +2.19% Jul 1, 2015 Jun 30, 2016 20-F 2018-09-21
2015 $35.8 M -$707 K -1.94% Jul 1, 2014 Jun 30, 2015 20-F 2017-09-22
2014 $36.5 M +$3.98 M +12.2% Jul 1, 2013 Jun 30, 2014 20-F 2016-09-23
2013 $32.5 M +$6.95 M +27.2% Jul 1, 2012 Jun 30, 2013 20-F/A 2016-03-08
2012 $25.6 M +$5.42 M +26.9% Jul 1, 2011 Jun 30, 2012 20-F/A 2013-09-30
2011 $20.1 M +$7.06 M +54% Jul 1, 2010 Jun 30, 2011 20-F/A 2013-09-30
2010 $13.1 M Jul 1, 2009 Jun 30, 2010 20-F/A 2011-10-20
* An asterisk sign (*) next to the value indicates that the value is likely invalid.