Magna International (FRA:MGA) Construction In Progress : €0 Mil (As of Mar. 2024)

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What is Magna International Construction In Progress?

Magna International Construction In Progress Historical Data

The historical data trend for Magna International'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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Magna International Construction In Progress Chart

Magna International Annual Data

Trend

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Construction In Progress

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Magna International Quarterly Data
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Construction In Progress	Get a 7-Day Free Trial															-	-	-	-	-

Magna International 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.

Magna International (FRA:MGA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Magna International Inc (FRA:MGA) » Definitions » Construction In Progress

Comparable Companies

Traded in Other Exchanges

MGA:USA MGA N:Mexico MG:Canada

Address

337 Magna Drive, Aurora, ON, CAN, L4G 7K1

Website

https://www.magna.com

Magna International prides itself on a highly entrepreneurial culture and a corporate constitution that outlines distribution of profits to various stakeholders. This automotive supplier's product groups include exteriors, interiors, seating, roof systems, body and chassis, powertrain, vision and electronic systems, closure systems, electric vehicle systems, tooling and engineering, and contract vehicle assembly. In 2022, roughly 50% of Magna's revenue came from North America while Europe accounted for approximately 38%.