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SunCar Technology Group (SunCar Technology Group) Construction In Progress : $12.0 Mil (As of Dec. 2023)


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What is SunCar Technology Group Construction In Progress?

SunCar Technology Group's quarterly construction in progress increased from Dec. 2022 ($14.4 Mil) to Jun. 2023 ($17.3 Mil) but then declined from Jun. 2023 ($17.3 Mil) to Dec. 2023 ($12.0 Mil).

SunCar Technology Group's annual construction in progress declined from Dec. 2021 ($24.4 Mil) to Dec. 2022 ($14.4 Mil) and declined from Dec. 2022 ($14.4 Mil) to Dec. 2023 ($12.0 Mil).

SunCar Technology Group Construction In Progress Historical Data

The historical data trend for SunCar Technology Group'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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SunCar Technology Group Construction In Progress Chart

SunCar Technology Group Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Construction In Progress
14.95 24.39 14.42 12.01

SunCar Technology Group Semi-Annual Data
Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Construction In Progress Get a 7-Day Free Trial 24.39 23.16 14.42 17.27 12.01

SunCar Technology Group 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.

SunCar Technology Group (SunCar Technology Group) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » SunCar Technology Group Inc (NAS:SDA) » Definitions » Construction In Progress
Comparable Companies
CRMT CWH KFS CANG UCAR VRM RMBL LAZY KXIN UXIN TPE:2207 PAG KMX XBRU:DIE LAD AN HKSE:00881 TSE:4732 ABG GPI
Traded in Other Exchanges
N/A
Address
c/o Shanghai Feiyou Trading Co., Ltd., Suite 209, No. 656 Lingshi Road, Jing’an District, Shanghai, CHN, 200072
Website
https://www.suncartech.com
SunCar Technology Group Inc is a provider of digitalized enterprise automotive after-sales services and online auto insurance intermediation service in China. It operates an automotive after-sales services business through offering customized service solutions to enterprise clients, who are major banks, insurance companies, telecommunication companies, new energy vehicle, original equipment manufacturers or any client who have end customers demanding automotive services.