SORL Auto Parts (SORL Auto Parts) Construction In Progress : $25.3 Mil (As of Sep. 2019)

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What is SORL Auto Parts Construction In Progress?

SORL Auto Parts's quarterly construction in progress increased from Mar. 2019 ($15.5 Mil) to Jun. 2019 ($20.1 Mil) and increased from Jun. 2019 ($20.1 Mil) to Sep. 2019 ($25.3 Mil).

SORL Auto Parts's annual construction in progress stayed the same from Dec. 2016 ($0.0 Mil) to Dec. 2017 ($0.0 Mil) but then increased from Dec. 2017 ($0.0 Mil) to Dec. 2018 ($8.6 Mil).

SORL Auto Parts Construction In Progress Historical Data

The historical data trend for SORL Auto Parts'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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SORL Auto Parts Construction In Progress Chart

SORL Auto Parts Annual Data

Trend

Dec09

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Dec18

Construction In Progress

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8.64

SORL Auto Parts Quarterly Data
	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19
Construction In Progress	Get a 7-Day Free Trial															2.93	8.64	15.46	20.09	25.31

SORL Auto Parts 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.

SORL Auto Parts (SORL Auto Parts) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » SORL Auto Parts Inc (NAS:SORL) » Definitions » Construction In Progress

Comparable Companies

Traded in Other Exchanges

N/A

Address

NO. 2666 KaiFaqu Avenue, Ruili Industry Area, Zhejiang Province, Ruian City, CHN, 325200

Website

http://www.sorl.cn

SORL Auto Parts Inc develops, manufactures and distributes automotive brake systems and other key safety-related auto parts to automotive original equipment manufacturers, and the related aftermarket both in China and internationally. The company is organized into two principal operating division: Commercial Vehicles Brake Systems and Passenger Vehicles Brake Systems. Its key products are air brake system, tubes and fittings, ABS and diagnosis, power steering pumps, electrical and railway parts, and new energy parts. The company's products are principally used in different types of commercial vehicles, such as trucks and buses. Most of the firm's revenue gets generated through Commercial Vehicles Brake Systems segment.

Executives

Kevin R Keating

director, officer: President

190 LAKEVIEW WAY, VERO BEACH FL 32963