Market Cap : 19.08 B | Enterprise Value : 22.42 B | PE Ratio : 21.45 | PB Ratio : 19.96 |
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Seagate Technology's quarterly construction in progress declined from Jun. 2020 ($283 Mil) to Sep. 2020 ($0 Mil) but then stayed the same from Sep. 2020 ($0 Mil) to Dec. 2020 ($0 Mil).
Seagate Technology's annual construction in progress increased from Jun. 2018 ($193 Mil) to Jun. 2019 ($266 Mil) and increased from Jun. 2019 ($266 Mil) to Jun. 2020 ($283 Mil).
* All numbers are in millions except for per share data and ratio. All numbers are indicated in the company's associated stock exchange currency.
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.
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