MTR (MTCPY) Construction In Progress

: $7,796 Mil (As of Dec. 2023)

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MTR's quarterly construction in progress declined from Dec. 2022 ($6,850 Mil) to Jun. 2023 ($5,437 Mil) but then increased from Jun. 2023 ($5,437 Mil) to Dec. 2023 ($7,796 Mil).

MTR's annual construction in progress increased from Dec. 2021 ($2,725 Mil) to Dec. 2022 ($6,850 Mil) and increased from Dec. 2022 ($6,850 Mil) to Dec. 2023 ($7,796 Mil).

MTR Construction In Progress Historical Data

The historical data trend for MTR's Construction In Progress 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.

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MTR Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Construction In Progress

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2,416.17

2,618.33

2,724.84

6,849.74

7,795.97

MTR Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Construction In Progress	Get a 7-Day Free Trial															2,724.84	1,351.28	6,849.74	5,437.25	7,795.97

MTR Construction In Progress Calculation

It records the cost of construction work, which is not yet completed (typically, applied to capital budget items). A construction in progress item is not depreciated until the asset is placed in service. Normally, upon completion, a construction in progress item is reclassified, and the reclassified asset is capitalized and depreciated.

MTR (MTCPY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » MTR Corp Ltd (OTCPK:MTCPY) » Definitions » Construction In Progress

Comparable Companies

Traded in Other Exchanges

MTRJF:USA 00066:Hong Kong MRI:Germany

Address

33 Wai Yip Street, MTR Headquarters Building, GPO Box 9916, Telford Plaza, Kowloon Bay, Kowloon, Hong Kong, HKG

Website

https://www.mtr.com.hk

MTR constructs and operates Hong Kong's rail network, giving it a monopoly position. In addition to rail operation, the firm makes recurring income from commercial business within the stations. This includes rental of retail outlets and advertisement within the station and investment properties in shopping malls above stations. Residential real estate development forms part of MTR's return for the rail operation. Average operating profit, in a normalized environment, is approximately 20% in rail operation, 60% in station commercial and property leasing business, and 20% in property development. The Hong Kong government owns 75% of MTR.