Canoo (GOEV) Construction In Progress: $312.03 Mil (As of Sep. 2024)


GOEV Canoo Inc GOEV
23 GF Score
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What is Canoo Construction In Progress?

Canoo GOEV 23 Construction In Progress is $312.03 Mil as of Sep. 2024. GuruFocus rates GOEV with a GF Score™ of 23/100.

Canoo's quarterly construction in progress increased from Mar. 2024 ($310.71 Mil) to Jun. 2024 ($312.44 Mil) but then declined from Jun. 2024 ($312.44 Mil) to Sep. 2024 ($312.03 Mil).

Canoo's annual construction in progress increased from Dec. 2021 ($176.16 Mil) to Dec. 2022 ($276.97 Mil) and increased from Dec. 2022 ($276.97 Mil) to Dec. 2023 ($307.49 Mil).

Canoo Construction In Progress Historical Data

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The historical data trend for Canoo'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.

Canoo Construction In Progress Chart

Canoo Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Construction In Progress
0.00 5.28 176.16 276.97 307.49

Canoo Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Construction In Progress Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 297.22 307.49 310.71 312.44 312.03
GOEV
23GF Score
Canoo Inc GOEV
Construction In Progress is just one metric. See GF Score™, valuation, warning signs, and more.
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Canoo 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 $312.03 Mil mean?
Canoo (GOEV) has a Construction In Progress of $312.03 Mil as of Sep. 2024. Construction in Progress records the amount of construction work that is not complete. View historical data on Canoo and its competitors.
Is Canoo's Construction In Progress too high?
Canoo's current Construction In Progress is $312.03 Mil. Overall, Canoo has a GF Score™ of 23/100, reflecting its overall financial health beyond just this single metric.
How does Canoo's Construction In Progress compare to DMN and EVTV?
Canoo's Construction In Progress of $312.03 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 Canoo and its competitors. Canoo's current Construction In Progress is $312.03 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Canoo stock overvalued right now?
Canoo (GOEV) has a current Construction In Progress of $312.03 Mil. The current Construction In Progress is $312.03 Mil. Canoo's overall GF Score™ is 23/100. 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 Canoo (GOEV), the current Construction In Progress is $312.03 Mil as of Sep. 2024. 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.

Canoo Business Description

Address 19951 Mariner Avenue, Torrance, CA, USA, 90503
Canoo Inc is a mobility technology company providing with a proprietary modular electric vehicle platform and connected services initially focused on commercial fleet, government and military customers. The Company has developed a breakthrough EV platform that it believes will enable it to rapidly iterate and bring new products, addressing multiple use cases, to market faster than competition and at lower cost.
23GF Score

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Construction In Progress is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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