INLB (Item 9 Labs) Construction In Progress: $18.44 Mil (As of Jun. 2023)


INLB Item 9 Labs Corp INLB
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What is Item 9 Labs Construction In Progress?

Item 9 Labs INLB -99.00% 12 Construction In Progress is $18.44 Mil as of Jun. 2023. GuruFocus rates INLB with a GF Score™ of 12/100.

Item 9 Labs's quarterly construction in progress increased from Dec. 2022 ($16.59 Mil) to Mar. 2023 ($18.52 Mil) but then declined from Mar. 2023 ($18.52 Mil) to Jun. 2023 ($18.44 Mil).

Item 9 Labs's annual construction in progress increased from Sep. 2020 ($5.46 Mil) to Sep. 2021 ($7.42 Mil) and increased from Sep. 2021 ($7.42 Mil) to Sep. 2022 ($14.58 Mil).

Item 9 Labs Construction In Progress Historical Data

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The historical data trend for Item 9 Labs'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.

Item 9 Labs Construction In Progress Chart

Item 9 Labs Annual Data
Trend Sep13 Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22
Construction In Progress
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.43 4.66 5.46 7.42 14.58

Item 9 Labs Quarterly Data
Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23
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 19.87 14.58 16.59 18.52 18.44
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Item 9 Labs Corp INLB
Construction In Progress is just one metric. See GF Score™, valuation, warning signs, and more.
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Item 9 Labs 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 $18.44 Mil mean?
Item 9 Labs (INLB) has a Construction In Progress of $18.44 Mil as of Jun. 2023. Construction in Progress records the amount of construction work that is not complete. View historical data on Item 9 Labs and its competitors.
Is Item 9 Labs' Construction In Progress too high?
Item 9 Labs' current Construction In Progress is $18.44 Mil. Overall, Item 9 Labs has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Item 9 Labs' Construction In Progress compare to NEPT and CENBF?
Item 9 Labs' Construction In Progress of $18.44 Mil can be compared against companies in the Drug Manufacturers 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 Drug Manufacturers company?
A good Construction In Progress depends on the Drug Manufacturers 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 Item 9 Labs and its competitors. Item 9 Labs's current Construction In Progress is $18.44 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Item 9 Labs stock overvalued right now?
Item 9 Labs (INLB) has a current Construction In Progress of $18.44 Mil. The current Construction In Progress is $18.44 Mil. Item 9 Labs' overall GF Score™ is 12/100. 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 Item 9 Labs (INLB), the current Construction In Progress is $18.44 Mil as of Jun. 2023. 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.

Item 9 Labs Business Description

Address 2111 E. Highland Avenue, Suite B375, Phoenix, AZ, USA, 85016
Item 9 Labs Corp is a vertically integrated cannabis operator and dispensary franchisor delivering premium products from its large-scale cultivation and production facilities in the United States. The Item 9 Labs brand specializes in products and user experience across several cannabis categories. The company also offers a dispensary franchise model through the national Unity Rd. retail brand. Easing barriers to entry, the franchise provides an opportunity for both new and existing dispensary owners to leverage the knowledge, resources, and ongoing support needed to thrive in their state compliantly and successfully. It also brings industry practices to markets nationwide through distinctive retail experience, cultivation capabilities, and product innovation.
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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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