Largo (LGO) Construction In Progress : $11.8 Mil (As of Dec. 2023)

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What is Largo Construction In Progress?

Largo's quarterly construction in progress increased from Jun. 2023 ($45.4 Mil) to Sep. 2023 ($47.4 Mil) but then declined from Sep. 2023 ($47.4 Mil) to Dec. 2023 ($11.8 Mil).

Largo's annual construction in progress increased from Dec. 2021 ($5.1 Mil) to Dec. 2022 ($29.4 Mil) but then declined from Dec. 2022 ($29.4 Mil) to Dec. 2023 ($11.8 Mil).

Largo Construction In Progress Historical Data

The historical data trend for Largo'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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Largo Construction In Progress Chart

Largo Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Construction In Progress

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9.10

8.31

5.11

29.42

11.77

Largo Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Construction In Progress	Get a 7-Day Free Trial															29.42	37.20	45.43	47.42	11.77

Largo 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.

Largo (LGO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Largo Inc (NAS:LGO) » Definitions » Construction In Progress

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Traded in Other Exchanges

LR8B:Germany LGO:Canada

Address

55 University Avenue, Suite 1105, Toronto, ON, CAN, M5J 2H7

Website

https://www.largoinc.com

Largo Inc is committed to the production and supply of high-quality vanadium products. The Company is also focused on the advancement of renewable energy storage solutions through Largo Clean Energy and its vanadium redox flow battery technology. The Company is engaged in the mining, exploration, and development of mineral properties, primarily in Brazil, through which it produces and supplies vanadium products VPURE Flake, VPURE+ Flake, and VPURE+ Powder.