The Descartes Systems Group (The Descartes Systems Group) Construction In Progress : $0.5 Mil (As of Jan. 2024)

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What is The Descartes Systems Group Construction In Progress?

The Descartes Systems Group's quarterly construction in progress declined from Jul. 2023 ($0.6 Mil) to Oct. 2023 ($0.5 Mil) but then increased from Oct. 2023 ($0.5 Mil) to Jan. 2024 ($0.5 Mil).

The Descartes Systems Group's annual construction in progress declined from Jan. 2022 ($0.5 Mil) to Jan. 2023 ($0.4 Mil) but then increased from Jan. 2023 ($0.4 Mil) to Jan. 2024 ($0.5 Mil).

The Descartes Systems Group Construction In Progress Historical Data

The historical data trend for The Descartes Systems 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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The Descartes Systems Group Construction In Progress Chart

The Descartes Systems Group Annual Data

Trend

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

Construction In Progress

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0.83

1.00

0.52

0.36

0.50

The Descartes Systems Group Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Construction In Progress	Get a 7-Day Free Trial															0.36	0.52	0.63	0.49	0.50

The Descartes Systems 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.

The Descartes Systems Group (The Descartes Systems Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » The Descartes Systems Group Inc (NAS:DSGX) » Definitions » Construction In Progress

Comparable Companies

Traded in Other Exchanges

DC2:Germany DC2:Germany DSG:Canada

Address

120 Randall Drive, Waterloo, ON, CAN, N2V 1C6

Website

https://www.descartes.com

The Descartes Systems Group provides a software solution that allows users in the shipping industry to communicate with one another. The core product is the Global Logistics Network, which is best understood as transaction driven. Descartes charges clients to send/receive messages, data, and documents on the GLN (the transactions). Customers typically contract for a monthly minimum over a multiyear period. The GLN platform allows for Descartes to upsell additional software modules as well, typically provided via a software-as-a-service model.