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Innovex Downhole Solutions (Innovex Downhole Solutions) Construction In Progress : $3.85 Mil (As of Sep. 2023)


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What is Innovex Downhole Solutions Construction In Progress?

Innovex Downhole Solutions's quarterly construction in progress stayed the same from Sep. 2022 ($0.00 Mil) to Dec. 2022 ($0.00 Mil) but then increased from Dec. 2022 ($0.00 Mil) to Sep. 2023 ($3.85 Mil).


Innovex Downhole Solutions Construction In Progress Historical Data

The historical data trend for Innovex Downhole Solutions'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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Innovex Downhole Solutions Construction In Progress Chart

Innovex Downhole Solutions Annual Data
Trend Dec21 Dec22
Construction In Progress
- -

Innovex Downhole Solutions Quarterly Data
Dec21 Sep22 Dec22 Sep23
Construction In Progress - - - 3.85

Innovex Downhole Solutions 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.


Innovex Downhole Solutions (Innovex Downhole Solutions) Business Description

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Innovex Downhole Solutions Inc designs, manufactures, sells and rents mission critical engineered products to the global oil and natural gas industry. Its products include Well head system, Drilling and development, Well construction, Well completion, Production solution and fishing and intervention.

Innovex Downhole Solutions (Innovex Downhole Solutions) Headlines

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