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Wipro (WIT) Construction In Progress

: $90 Mil (As of Sep. 2023)
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Wipro's quarterly construction in progress increased from Mar. 2023 ($77 Mil) to Jun. 2023 ($82 Mil) and increased from Jun. 2023 ($82 Mil) to Sep. 2023 ($90 Mil).

Wipro's annual construction in progress declined from Mar. 2021 ($265 Mil) to Mar. 2022 ($214 Mil) and declined from Mar. 2022 ($214 Mil) to Mar. 2023 ($77 Mil).

Wipro Construction In Progress Historical Data

The historical data trend for Wipro'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.

* Premium members only.

Wipro Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Construction In Progress
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 327.72 272.95 265.16 213.78 76.86

Wipro Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
Construction In Progress 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 Premium Member Only Premium Member Only Premium Member Only 220.13 125.85 76.86 82.18 89.50

Wipro 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.

Wipro (WIT) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Software » Wipro Ltd (NYSE:WIT) » Definitions » Construction In Progress
Comparable Companies
BOM:540005 BOM:532755 NSE:HCLTECH NSE:PERSISTENT NSE:LTTS BOM:526299 BOM:544028 BOM:542651 BOM:532541 BOM:532400 ACN IBM NSE:TCS FI NSE:INFY FIS XPAR:CAP IT CTSH CDW
Traded in Other Exchanges
WIPRO:India 507685:India WIOA:Germany WIOA:Germany WIOA:Austria
Address
Sarjapur Road, Doddakannelli, Bangalore, KA, IND, 560 035
Website
https://www.wipro.com
Wipro is a leading global IT services provider, with 175,000 employees. Based in Bengaluru, this India IT services firm leverages its offshore outsourcing model to derive over half of its revenue (57%) from North America. The company offers traditional IT services offerings: consulting, managed services, and cloud infrastructure services as well as business process outsourcing as a service.