China Vanadium Titano-Magnetite Mining Co (HKSE:00893) Construction In Progress : HK$47.3 Mil (As of Dec. 2023)

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What is China Vanadium Titano-Magnetite Mining Co Construction In Progress?

China Vanadium Titano-Magnetite Mining Co's quarterly construction in progress declined from Dec. 2022 (HK$93.9 Mil) to Jun. 2023 (HK$0.0 Mil) but then increased from Jun. 2023 (HK$0.0 Mil) to Dec. 2023 (HK$47.3 Mil).

China Vanadium Titano-Magnetite Mining Co's annual construction in progress increased from Dec. 2021 (HK$68.8 Mil) to Dec. 2022 (HK$93.9 Mil) but then declined from Dec. 2022 (HK$93.9 Mil) to Dec. 2023 (HK$47.3 Mil).

China Vanadium Titano-Magnetite Mining Co Construction In Progress Historical Data

The historical data trend for China Vanadium Titano-Magnetite Mining 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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China Vanadium Titano-Magnetite Mining Co Construction In Progress Chart

China Vanadium Titano-Magnetite Mining Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Construction In Progress

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42.93

50.92

68.79

93.89

47.32

China Vanadium Titano-Magnetite Mining Co Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Construction In Progress	Get a 7-Day Free Trial															68.79	-	93.89	-	47.32

China Vanadium Titano-Magnetite Mining 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.

China Vanadium Titano-Magnetite Mining Co (HKSE:00893) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » China Vanadium Titano-Magnetite Mining Co Ltd (HKSE:00893) » Definitions » Construction In Progress

Comparable Companies

Traded in Other Exchanges

CV8S:Germany

Address

1 Matheson Street, 31st Floor, Tower Two Times Square, Causeway Bay, Hong Kong, HKG

Website

https://www.chinavtmmining.com

China Vanadium Titano-Magnetite Mining Co Ltd is engaged in mining and ore processing; sale of self-produced products; trading of steels; management of strategic investments; and rendering of specialized mining services. Its segments include the High-Fe Mining operation segment comprises the operation of the sale of self-produced high-grade iron concentrates within the range of 65% TFe to 72% TFe and the provision of consultancy and management services; the Trading segment comprises the operation of the sale of traded products; and the Corporate and others segment covers the nonoperating activities supporting the group which includes the central functions such as the functional costs that have not been allocated to the other segments.

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