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Sutor Technology Group Ltd's quarterly construction in progress declined from Jun. 2014 ($27.2 Mil) to Sep. 2014 ($27.2 Mil) and declined from Sep. 2014 ($27.2 Mil) to Dec. 2014 ($26.6 Mil).
Sutor Technology Group Ltd's annual construction in progress declined from Jun. 2012 ($4.6 Mil) to Jun. 2013 ($3.6 Mil) but then increased from Jun. 2013 ($3.6 Mil) to Jun. 2014 ($27.2 Mil).
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.
Sutor Technology Group Ltd Annual Data
Sutor Technology Group Ltd Quarterly Data