First Tractor Co (HKSE:00038) Construction In Progress : HK$196 Mil (As of Mar. 2024)

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What is First Tractor Co Construction In Progress?

First Tractor Co's quarterly construction in progress increased from Sep. 2023 (HK$129 Mil) to Dec. 2023 (HK$153 Mil) and increased from Dec. 2023 (HK$153 Mil) to Mar. 2024 (HK$196 Mil).

First Tractor Co's annual construction in progress increased from Dec. 2021 (HK$97 Mil) to Dec. 2022 (HK$141 Mil) and increased from Dec. 2022 (HK$141 Mil) to Dec. 2023 (HK$153 Mil).

First Tractor Co Construction In Progress Historical Data

The historical data trend for First Tractor Co'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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First Tractor Co Construction In Progress Chart

First Tractor Co Annual Data

Trend

Dec14

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Dec23

Construction In Progress

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143.53

113.80

97.03

141.23

153.17

First Tractor Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Construction In Progress	Get a 7-Day Free Trial															152.71	92.37	128.60	153.17	196.09

First Tractor Co 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.

First Tractor Co (HKSE:00038) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » First Tractor Co Ltd (HKSE:00038) » Definitions » Construction In Progress

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Traded in Other Exchanges

FIRRF:USA 601038:China

Address

No. 154 Jianshe Road, Henan Province, Luoyang, CHN, 471004

Website

http://www.first-tractor.com.cn

First Tractor Co Ltd is a Chinese company engaged in the agricultural machinery manufacturing industry. Its business scope mainly includes manufacturing and selling agricultural machinery, diesel engines and fuel injections, other machinery, and an operating business of a finance company. It has four reporting divisions. The Agricultural Machinery division, which is the key revenue driver, is responsible for the production and sale of agricultural tractors, harvesters, and others. The power machinery division is mainly responsible for producing and selling diesel engines. The financial business is to handle the member units between the entrusted loans and investment, internal transfer settlement, absorption of member units deposits, and other business.

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