Schweiter Technologies AG (CHIX:SWTQZ) Construction In Progress : CHF37 Mil (As of Dec. 2023)

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What is Schweiter Technologies AG Construction In Progress?

Schweiter Technologies AG's quarterly construction in progress declined from Dec. 2022 (CHF60 Mil) to Jun. 2023 (CHF0 Mil) but then increased from Jun. 2023 (CHF0 Mil) to Dec. 2023 (CHF37 Mil).

Schweiter Technologies AG's annual construction in progress increased from Dec. 2021 (CHF40 Mil) to Dec. 2022 (CHF60 Mil) but then declined from Dec. 2022 (CHF60 Mil) to Dec. 2023 (CHF37 Mil).

Schweiter Technologies AG Construction In Progress Historical Data

The historical data trend for Schweiter Technologies AG'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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Schweiter Technologies AG Construction In Progress Chart

Schweiter Technologies AG Annual Data

Trend

Dec14

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Dec23

Construction In Progress

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9.78

20.90

39.80

60.40

36.50

Schweiter Technologies AG Quarterly Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Construction In Progress	Get a 7-Day Free Trial															39.80	-	60.40	-	36.50

Schweiter Technologies AG 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.

Schweiter Technologies AG (CHIX:SWTQZ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Schweiter Technologies AG (CHIX:SWTQz) » Definitions » Construction In Progress

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SWTQ:Switzerland

Address

Hinterbergstrasse 20, Steinhausen, CHE, 6312

Website

https://www.schweiter.ch

Schweiter Technologies AG is a company that specializes in developing, manufacturing and distributing machinery and composite materials. The company's key segment, 3A Composites, manufactures various materials in lightweight construction, which are applied in architecture, displays, transportation, and other sectors. Schweiter has a global presence, but the majority of its revenue comes from the Europe segment.

Schweiter Technologies AG (CHIX:SWTQZ) Headlines

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