Mayville Engineering Co (FRA:2YN) Construction In Progress : €5.8 Mil (As of Mar. 2024)

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What is Mayville Engineering Co Construction In Progress?

Mayville Engineering Co's quarterly construction in progress increased from Sep. 2023 (€7.5 Mil) to Dec. 2023 (€9.0 Mil) but then declined from Dec. 2023 (€9.0 Mil) to Mar. 2024 (€5.8 Mil).

Mayville Engineering Co's annual construction in progress increased from Dec. 2021 (€13.7 Mil) to Dec. 2022 (€25.0 Mil) but then declined from Dec. 2022 (€25.0 Mil) to Dec. 2023 (€9.0 Mil).

Mayville Engineering Co Construction In Progress Historical Data

The historical data trend for Mayville Engineering 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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Mayville Engineering Co Construction In Progress Chart

Mayville Engineering Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Construction In Progress

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2.84

3.23

13.67

24.96

8.97

Mayville Engineering Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Construction In Progress	Get a 7-Day Free Trial															12.71	12.08	7.50	8.97	5.80

Mayville Engineering 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.

Mayville Engineering Co (FRA:2YN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Mayville Engineering Co Inc (FRA:2YN) » Definitions » Construction In Progress

Comparable Companies

Traded in Other Exchanges

MEC:USA

Address

715 South Street, Mayville, WI, USA, 53050

Website

https://www.mecinc.com

Mayville Engineering Co Inc is involved in a manufacturing partner that provides a broad range of prototyping and tooling, production fabrication, coating, assembly, and aftermarket components. Its customers operate in diverse end markets, including heavy- and medium-duty commercial vehicles, construction, powersports, agriculture, military, and other end markets. Its services comprise stamping, shearing, fiber laser cutting, forming, drilling, tapping, grinding, tube bending, machining, welding, assembly, and logistic services.

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