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Parkin Co (DFM:PARKIN) Construction In Progress : د.إ3.6 Mil (As of Mar. 2024)


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What is Parkin Co Construction In Progress?

Parkin Co's quarterly construction in progress increased from Mar. 2023 (د.إ0.0 Mil) to Dec. 2023 (د.إ3.6 Mil) but then stayed the same from Dec. 2023 (د.إ3.6 Mil) to Mar. 2024 (د.إ3.6 Mil).

Parkin Co's annual construction in progress declined from Dec. 2021 (د.إ0.1 Mil) to Dec. 2022 (د.إ0.1 Mil) but then increased from Dec. 2022 (د.إ0.1 Mil) to Dec. 2023 (د.إ3.6 Mil).

Parkin Co Construction In Progress Historical Data

The historical data trend for Parkin Co'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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Parkin Co Construction In Progress Chart

Parkin Co Annual Data
Trend Dec21 Dec22 Dec23
Construction In Progress
0.13 0.12 3.60

Parkin Co Quarterly Data
Dec21 Dec22 Mar23 Dec23 Mar24
Construction In Progress 0.13 0.12 - 3.60 3.60

Parkin Co 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.

Parkin Co (DFM:PARKIN) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Parkin Co (DFM:PARKIN) » Definitions » Construction In Progress
Comparable Companies
Traded in Other Exchanges
N/A
Address
Marrakech Street, G+2 Building, Old Headquarters, Umm Al Ramool, Plot number 215-246, P.O. Box 118899, Dubai, ARE
Website
https://www.parkin.ae
Parkin Co is a provider of paid parking facilities and services in Dubai. It operates across six operating verticals: (i) public on-street and off-street parking, (ii) public MSCPs, (iii) Developer-owned Parking Lots, (iv) permits and seasonal parking subscriptions, (v) parking reservations, and (vi) other services.

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