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Magna International (Magna International) Construction In Progress : $0 Mil (As of Dec. 2023)


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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 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Construction In Progress
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Magna International Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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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 (Magna International) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Magna International Inc (NYSE:MGA) » Definitions » Construction In Progress
Comparable Companies
TSX:LNR TSX:MRE TSX:XTC TSX:WPRT TSXV:HC XCNQ:ATHR TSXV:SSA TSE:6902 TSE:5108 XPAR:ML MBLY GPC APTV SHSE:600660 XKRX:012330 XTER:CON ISX:ASII XTER:KBX TSE:5802 LKQ
Traded in Other Exchanges
MGA N:Mexico MGA:Germany MGA:Germany 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%.