SmartPay Holdings (NZSE:SPY) Construction In Progress : NZ$8.91 Mil (As of Mar. 2024)

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What is SmartPay Holdings Construction In Progress?

SmartPay Holdings's quarterly construction in progress declined from Mar. 2023 (NZ$4.08 Mil) to Sep. 2023 (NZ$0.00 Mil) but then increased from Sep. 2023 (NZ$0.00 Mil) to Mar. 2024 (NZ$8.91 Mil).

SmartPay Holdings's annual construction in progress increased from Mar. 2022 (NZ$1.41 Mil) to Mar. 2023 (NZ$4.08 Mil) and increased from Mar. 2023 (NZ$4.08 Mil) to Mar. 2024 (NZ$8.91 Mil).

SmartPay Holdings Construction In Progress Historical Data

The historical data trend for SmartPay Holdings'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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SmartPay Holdings Construction In Progress Chart

SmartPay Holdings Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Construction In Progress

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1.44

2.38

1.41

4.08

8.91

SmartPay Holdings Semi-Annual Data
	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
Construction In Progress	Get a 7-Day Free Trial															1.41	-	4.08	-	8.91

SmartPay Holdings 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.

SmartPay Holdings (NZSE:SPY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » SmartPay Holdings Ltd (NZSE:SPY) » Definitions » Construction In Progress

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Traded in Other Exchanges

SMP:Australia

Address

205-209 Wairau Road, Wairau Valley, Auckland, NZL, 0627

Website

https://www.smartpay.co.nz

SmartPay Holdings Ltd is engaged in the provision of payment solutions. It offers an electronic funds transfer at point of sale (EFTPOS) system. Its products include EFTPOS applications, Smartpay Labs, EFTPOS terminals, and mobile EFTPOS machines. The company designs develops and implements payment solutions for customers in New Zealand and Australia. It also licenses its technologies to third parties. The firm's majority of revenue comes from New Zealand.