ELMSQ (Electric Last Mile Solutions) Construction In Progress: $71.22 Mil (As of Sep. 2021)


What is Electric Last Mile Solutions Construction In Progress?

Electric Last Mile Solutions ELMSQ +47.20% Construction In Progress is $71.22 Mil as of Sep. 2021.

Electric Last Mile Solutions's quarterly construction in progress increased from . 20 ($0.00 Mil) to Jun. 2021 ($187.44 Mil) but then declined from Jun. 2021 ($187.44 Mil) to Sep. 2021 ($71.22 Mil).

Electric Last Mile Solutions Construction In Progress Historical Data

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The historical data trend for Electric Last Mile Solutions'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.

Electric Last Mile Solutions Construction In Progress Chart

Electric Last Mile Solutions Annual Data
Trend
Construction In Progress

Electric Last Mile Solutions Quarterly Data
Jun21 Sep21
Construction In Progress 187.44 71.22

Electric Last Mile Solutions 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.

What does a Construction In Progress of $71.22 Mil mean?
Electric Last Mile Solutions (ELMSQ) has a Construction In Progress of $71.22 Mil as of Sep. 2021. Construction in Progress records the amount of construction work that is not complete. View historical data on Electric Last Mile Solutions and its competitors.
Is Electric Last Mile Solutions' Construction In Progress too high?
Electric Last Mile Solutions' current Construction In Progress is $71.22 Mil.
How does Electric Last Mile Solutions' Construction In Progress compare to EVTV and AYRO?
Electric Last Mile Solutions' Construction In Progress of $71.22 Mil can be compared against companies in the Vehicles & Parts industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Construction In Progress for a Vehicles & Parts company?
A good Construction In Progress depends on the Vehicles & Parts industry context. However, Construction In Progress should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Construction In Progress mean?
A high Construction In Progress can signal that a stock is expensive relative to its fundamentals. Construction in Progress records the amount of construction work that is not complete. View historical data on Electric Last Mile Solutions and its competitors. Electric Last Mile Solutions's current Construction In Progress is $71.22 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Electric Last Mile Solutions stock overvalued right now?
Electric Last Mile Solutions (ELMSQ) has a current Construction In Progress of $71.22 Mil. The current Construction In Progress is $71.22 Mil. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Construction In Progress calculated?
Construction In Progress is calculated from a company's financial statements. For Electric Last Mile Solutions (ELMSQ), the current Construction In Progress is $71.22 Mil as of Sep. 2021. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Electric Last Mile Solutions Business Description

Address 1055 West Square Lake Road, Troy, MI, USA, 48098
Electric Last Mile Solutions Inc is focused on redefining the last mile with efficient, connected, and customizable solutions. Its first vehicle, the Urban Delivery, is anticipated to be the first Class 1 commercial electric vehicle in the U.S. market.