ENVXW (Enovix) Construction In Progress : $18.99 Mil (As of Dec. 2024)

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What is Enovix Construction In Progress?

Enovix's quarterly construction in progress declined from Jun. 2024 ($54.89 Mil) to Sep. 2024 ($53.67 Mil) and declined from Sep. 2024 ($53.67 Mil) to Dec. 2024 ($18.99 Mil).

Enovix's annual construction in progress increased from Dec. 2022 ($33.27 Mil) to Dec. 2023 ($68.96 Mil) but then declined from Dec. 2023 ($68.96 Mil) to Dec. 2024 ($18.99 Mil).

Enovix Construction In Progress Historical Data

The historical data trend for Enovix'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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Enovix Construction In Progress Chart

Enovix Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Dec24

Construction In Progress

29.57

71.13

33.27

68.96

18.99

Enovix Quarterly Data
	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Construction In Progress	Get a 7-Day Free Trial													68.96	80.06	54.89	53.67	18.99

Enovix 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.

Enovix Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Enovix Corp (NAS:ENVXW) » Definitions » Construction In Progress

Comparable Companies

Traded in Other Exchanges

ENVX:USA 6Q81:Germany

Address

3501 W Warren Avenue, Fremont, CA, USA, 94538

Website

https://www.enovix.com

Enovix Corp is engaged in designing, developing, manufacturing, and commercializing Lithium-ion, or Li-ion, battery cells. It uses BreakFlow and Encapsulation technologies to manufacture high capacity and resilient batteries. The company's product portfolio comprises power disc batteries, flexible lithium-ion polymer batteries, superior lithium-ion polymer batteries, active silicon lithium-ion cells, and others. Geographically, the company generates maximum revenue from its customers in South Korea, followed by Switzerland, Norway, the United States, Taiwan, and other regions.