SG&A problem

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1

P123 - I appear to get a different result depending on whether I use SGA2Sales%TTM or 100*SGandATTM/SalesTTM. I only looked at one stock but I believe that SGA2Sales%TTM includes R&D expenses whereas SGandATTM does not include R&D. Can you confirm that this is the case? If it is then something should be done to remove the confusion…

Thanks
Steve

2

We’re intentionally removing R&D from SG&A where possible for the presentation of the SGandA line item alone. It’s our belief that for our purposes this will avoid double counting for most people.

I’ll update the docs.