Velocity Composites (LSE:VEL) Buildings And Improvements : £3.64 Mil (As of Oct. 2024)

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What is Velocity Composites Buildings And Improvements?

Velocity Composites's quarterly buildings and improvements declined from Oct. 2023 (£3.66 Mil) to Apr. 2024 (£0.00 Mil) but then increased from Apr. 2024 (£0.00 Mil) to Oct. 2024 (£3.64 Mil).

Velocity Composites's annual buildings and improvements increased from Oct. 2022 (£3.06 Mil) to Oct. 2023 (£3.66 Mil) but then declined from Oct. 2023 (£3.66 Mil) to Oct. 2024 (£3.64 Mil).

Velocity Composites Buildings And Improvements Historical Data

The historical data trend for Velocity Composites's Buildings And Improvements 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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Velocity Composites Buildings And Improvements Chart

Velocity Composites Annual Data

Trend

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Oct24

Buildings And Improvements

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1.86

2.13

3.06

3.66

3.64

Velocity Composites Semi-Annual Data
	Oct14	Oct15	Oct16	Apr17	Oct17	Apr18	Oct18	Apr19	Oct19	Apr20	Oct20	Apr21	Oct21	Apr22	Oct22	Apr23	Oct23	Apr24	Oct24
Buildings And Improvements	Get a 7-Day Free Trial														3.06	-	3.66	-	3.64

Velocity Composites Buildings And Improvements Calculation

Buildings are typically valued at the time of acquisition or construction. Broker and architect fees, permits, etc. can be covered within this category. Building components, such as a roof, are normally recorded separately in an asset register since the value and useful lives of these components equal much less than the building itself.

Building improvements that extend the useful life of a building will fall into the category of “building improvements” and should be capitalized. Improvements are commonly recorded at acquisition cost. Building improvement examples include roofing, remodeling, replacements, etc.

Velocity Composites Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Velocity Composites PLC (LSE:VEL) » Definitions » Buildings And Improvements

Comparable Companies

Traded in Other Exchanges

N/A

Address

Billington Road, AMS Technology Park, Burnley, Lancashire, GBR, BB11 5UB

Website

https://www.velocity-composites.com

Velocity Composites PLC is a provider of engineered composite material kits to the aerospace industry. The company has operational functions across Europe, the UK, the U.S and the rest of the world. It generates maximum revenue from the United Kingdom. It offers Structural Pre-preg Kits, Engineered Vacuum Bag Material Kits, Honeycomb, Core Potting Compounds, Co-bonded Materials, Process & Tooling Aids, and Engineering Support Services. Revenue arises mainly from the sale of structural and consumable materials for use within the aerospace industry.