Summit Ascent Holdings (HKSE:00102) Construction In Progress : HK$1.8 Mil (As of Jun. 2023)

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What is Summit Ascent Holdings Construction In Progress?

Summit Ascent Holdings's quarterly construction in progress increased from Jun. 2022 (HK$0.9 Mil) to Dec. 2022 (HK$30.5 Mil) but then declined from Dec. 2022 (HK$30.5 Mil) to Jun. 2023 (HK$1.8 Mil).

Summit Ascent Holdings's annual construction in progress declined from Dec. 2020 (HK$10.5 Mil) to Dec. 2021 (HK$3.9 Mil) but then increased from Dec. 2021 (HK$3.9 Mil) to Dec. 2022 (HK$30.5 Mil).

Summit Ascent Holdings Construction In Progress Historical Data

The historical data trend for Summit Ascent 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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Summit Ascent Holdings Construction In Progress Chart

Summit Ascent Holdings Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Construction In Progress

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5.92

28.81

10.54

3.89

30.48

Summit Ascent Holdings Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Construction In Progress	Get a 7-Day Free Trial															0.99	3.89	0.90	30.48	1.78

Summit Ascent 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.

Summit Ascent Holdings (HKSE:00102) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Summit Ascent Holdings Ltd (HKSE:00102) » Definitions » Construction In Progress

Comparable Companies

Traded in Other Exchanges

ION2:Germany

Address

200 Connaught Road Central, Unit 1704,17th Floor, West Tower, Shun Tak Centre, Hong Kong, HKG

Website

https://www.saholdings.com.hk

Summit Ascent Holdings Ltd is a Hong Kong-based investment holding company. The company's principal activities are converted to gaming and hotel operations following the divestiture of its business of trading of tiles and engineering operations products. The company's gaming and hotel operations are carried out through its equity holding in Oriental Regent, another investing holding company that owns equity interests in G1 Entertainment, while G1 Entertainment is a company that holds gaming licenses in certain regions of Russia.

Summit Ascent Holdings (HKSE:00102) Headlines

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