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Wetouch Technology (Wetouch Technology) Construction In Progress : $12.83 Mil (As of Dec. 2023)


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What is Wetouch Technology Construction In Progress?

Wetouch Technology's quarterly construction in progress declined from Jun. 2023 ($10.35 Mil) to Sep. 2023 ($10.29 Mil) but then increased from Sep. 2023 ($10.29 Mil) to Dec. 2023 ($12.83 Mil).

Wetouch Technology's annual construction in progress declined from Dec. 2021 ($11.78 Mil) to Dec. 2022 ($10.88 Mil) but then increased from Dec. 2022 ($10.88 Mil) to Dec. 2023 ($12.83 Mil).

Wetouch Technology Construction In Progress Historical Data

The historical data trend for Wetouch Technology'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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Wetouch Technology Construction In Progress Chart

Wetouch Technology Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Construction In Progress
- - 11.78 10.88 12.83

Wetouch Technology Quarterly Data
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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 10.88 10.93 10.35 10.29 12.83

Wetouch Technology 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.

Wetouch Technology (Wetouch Technology) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Wetouch Technology Inc (NAS:WETH) » Definitions » Construction In Progress
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Traded in Other Exchanges
N/A
Address
No. 29, Third Main Avenue, Shigao Town, Renshou County, Meishan, Sichuan, CHN, 620500
Website
https://www.wetouchinc.com
Wetouch Technology Inc is a touch panel supplier focused on R & D, production and sales of touch screen products. It offers touchscreens for a variety of applications, including GPS/car entertainment panels for automotive industry, industrial human-machine interface ("HMI"), financial and banking terminals, point of sale, lottery and gaming machines, smart home, robots and charging stations. The Company sells touchscreen products both domestically in China and internationally, covering majority areas in China, Taiwan, South Korea, and Germany.