GTMEY (Globe Telecom) Construction In Progress : $1,690 Mil (As of Sep. 2024)

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What is Globe Telecom Construction In Progress?

Globe Telecom's quarterly construction in progress declined from Mar. 2024 ($1,809 Mil) to Jun. 2024 ($1,631 Mil) but then increased from Jun. 2024 ($1,631 Mil) to Sep. 2024 ($1,690 Mil).

Globe Telecom's annual construction in progress increased from Dec. 2021 ($1,115 Mil) to Dec. 2022 ($1,402 Mil) and increased from Dec. 2022 ($1,402 Mil) to Dec. 2023 ($1,833 Mil).

Globe Telecom Construction In Progress Historical Data

The historical data trend for Globe Telecom'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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Globe Telecom Construction In Progress Chart

Globe Telecom Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Construction In Progress

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444.56

582.01

1,115.48

1,401.82

1,833.45

Globe Telecom 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															1,775.59	1,833.45	1,808.85	1,630.85	1,690.10

Globe Telecom 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.

Globe Telecom Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Globe Telecom Inc (OTCPK:GTMEY) » Definitions » Construction In Progress

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GLO:Philippines

Address

32nd Street Corner 7th Avenue, 27th Floor, The Globe Tower, Bonifacio Global City, Taguig, PHL, 1634

Website

https://www.globe.com.ph

Globe Telecom Inc is a telecommunications company that provides mobile, voice, and broadband services. Its operating segments are Mobile Business, Fixed Line, and Broadband Business. Mobile involves traditional mobile services and contributes the majority of company revenue. Within the mobile division, the majority of subscribers are considered prepaid customers. The other division, fixed-line and broadband, provides fixed-line voice services, corporate data, and Internet for its customers. The company generates the vast majority of its revenue in the Philippines.