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Sutor Technology Group Ltd's quarterly construction in progress declined from Sep. 2014 ($27.2 Mil) to Dec. 2014 ($26.6 Mil) and declined from Dec. 2014 ($26.6 Mil) to Mar. 2015 ($0.9 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.
* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.
Sutor Technology Group Ltd Annual Data
Sutor Technology Group Ltd Quarterly Data