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Maxim Power (Maxim Power) Construction In Progress : $6.57 Mil (As of Dec. 2023)


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What is Maxim Power Construction In Progress?

Maxim Power's quarterly construction in progress declined from Jun. 2023 ($121.90 Mil) to Sep. 2023 ($117.09 Mil) and declined from Sep. 2023 ($117.09 Mil) to Dec. 2023 ($6.57 Mil).

Maxim Power's annual construction in progress increased from Dec. 2021 ($71.12 Mil) to Dec. 2022 ($108.45 Mil) but then declined from Dec. 2022 ($108.45 Mil) to Dec. 2023 ($6.57 Mil).

Maxim Power Construction In Progress Historical Data

The historical data trend for Maxim Power'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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Maxim Power Construction In Progress Chart

Maxim Power Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Construction In Progress
Get a 7-Day Free Trial Premium Member Only Premium Member Only 112.33 17.71 71.12 108.45 6.57

Maxim Power Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Construction In Progress Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 108.45 111.10 121.90 117.09 6.57

Maxim Power 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.

Maxim Power (Maxim Power) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Maxim Power Corp (OTCPK:MXGFF) » Definitions » Construction In Progress
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Traded in Other Exchanges
MXG:Canada
Address
715-5 Avenue Southwest, Suite 1800, Calgary, AB, CAN, T2P 2X6
Website
https://www.maximpowercorp.com
Maxim Power Corp is an independent power producer. It is focused entirely on power projects in Alberta. Its core asset is the 204MW H.R. Milner Plant, M2, in Grande Cache, AB, a state-of-the-art natural gas-fired power plant that went online in Q2, 2020. The company is increasing the capacity of M2 to approximately 300 MW and concurrently will realize an improvement in the efficiency of the plant by investing in heat recovery combined cycle technology. Further, MAXIM continues to explore further development options in Alberta, including its gas-fired generation projects and its wind power generation project.