Tsingtao Brewery Co (Tsingtao Brewery Co) Construction In Progress : $70 Mil (As of Dec. 2023)

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What is Tsingtao Brewery Co Construction In Progress?

Tsingtao Brewery Co's quarterly construction in progress increased from Jun. 2023 ($81 Mil) to Sep. 2023 ($88 Mil) but then declined from Sep. 2023 ($88 Mil) to Dec. 2023 ($70 Mil).

Tsingtao Brewery Co's annual construction in progress declined from Dec. 2021 ($120 Mil) to Dec. 2022 ($65 Mil) but then increased from Dec. 2022 ($65 Mil) to Dec. 2023 ($70 Mil).

Tsingtao Brewery Co Construction In Progress Historical Data

The historical data trend for Tsingtao Brewery 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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Tsingtao Brewery Co Construction In Progress Chart

Tsingtao Brewery Co Annual Data

Trend

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Dec23

Construction In Progress

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25.52

51.96

119.68

65.48

69.83

Tsingtao Brewery Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Construction In Progress	Get a 7-Day Free Trial															65.48	67.13	80.78	88.46	69.83

Tsingtao Brewery 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.

Tsingtao Brewery Co (Tsingtao Brewery Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Tsingtao Brewery Co Ltd (OTCPK:TSGTF) » Definitions » Construction In Progress

Traded in Other Exchanges

TSGTY:USA 00168:Hong Kong TSI:Germany 600600:China

Address

No. 35, Donghai West Road, Tsingtao Beer Tower, Shandong Province, Qingdao, CHN, 266071

Website

https://www.tsingtao.com

With over 100 years of history, Tsingtao Brewery has become one of the leading brewers in China with its namesake Tsingtao brand. The company has a dominant position in its core market, Shandong province, which contributed over 60% of its revenue and net profit in 2022. Unlike other major brewers, Tsingtao Brewery's brand umbrellas consist entirely of domestic brands. The Tsingtao brand has a mid-range to high-end market positioning and contributed over half of its volume whereas the mass market Laoshan brand targets the mainstream segment, with a declining volume mix as the company sought to premiumize its portfolio in recent years.