Millat Tractors (KAR:MTL) Construction In Progress : ₨52 Mil (As of Mar. 2024)

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What is Millat Tractors Construction In Progress?

Millat Tractors's quarterly construction in progress increased from Sep. 2023 (₨21 Mil) to Dec. 2023 (₨23 Mil) and increased from Dec. 2023 (₨23 Mil) to Mar. 2024 (₨52 Mil).

Millat Tractors's annual construction in progress declined from Jun. 2021 (₨50 Mil) to Jun. 2022 (₨25 Mil) but then increased from Jun. 2022 (₨25 Mil) to Jun. 2023 (₨27 Mil).

Millat Tractors Construction In Progress Historical Data

The historical data trend for Millat Tractors'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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Millat Tractors Construction In Progress Chart

Millat Tractors Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Construction In Progress

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22.75

34.43

49.83

25.31

27.18

Millat Tractors 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															48.15	27.18	21.47	23.28	51.72

Millat Tractors 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.

Millat Tractors (KAR:MTL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Millat Tractors Ltd (KAR:MTL) » Definitions » Construction In Progress

Comparable Companies

Traded in Other Exchanges

N/A

Address

9-KM Sheikhupura Road, Shahdara, P.O Box No. 12023, District Sheikhupura, Lahore, PAK

Website

https://www.millat.com.pk

Millat Tractors Ltd operates in the automobile sector. It is engaged in assembling and manufacturing agricultural tractors, implements and multi-application products. The company's operating segment includes Tractors; Tractor components; Castings and Others. It generates maximum revenue from the Tractors segment. The tractor components segment is engaged in the business of manufacturing automotive, agricultural and industrial vehicle parts and components.