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LNVGY (Lenovo Group) Construction In Progress : $222 Mil (As of Dec. 2024)


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What is Lenovo Group Construction In Progress?

Lenovo Group's quarterly construction in progress increased from Jun. 2024 ($300 Mil) to Sep. 2024 ($332 Mil) but then declined from Sep. 2024 ($332 Mil) to Dec. 2024 ($222 Mil).

Lenovo Group's annual construction in progress declined from Mar. 2022 ($122 Mil) to Mar. 2023 ($103 Mil) and declined from Mar. 2023 ($103 Mil) to Mar. 2024 ($80 Mil).

Lenovo Group Construction In Progress Historical Data

The historical data trend for Lenovo Group'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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Lenovo Group Construction In Progress Chart

Lenovo Group Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Construction In Progress
Get a 7-Day Free Trial Premium Member Only Premium Member Only 76.01 38.71 122.00 103.37 80.04

Lenovo Group Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
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 385.48 80.04 299.56 332.46 221.87

Lenovo Group 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.

Lenovo Group Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Lenovo Group Ltd (OTCPK:LNVGY) » Definitions » Construction In Progress
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HKSE:03396 HKSE:02498 HKSE:01263 HKSE:03336 HKSE:02436 HKSE:06939 HKSE:01079 HKSE:02028 ANET DELL SHSE:688041 SZSE:002415 TSE:7751 TPE:2382 HPQ SMCI NTAP STX PSTG WDC
Traded in Other Exchanges
LNVGF:USA 00992:Hong Kong LHL:Germany
Address
979 King's Road, 23rd Floor, Lincoln House, Taikoo Place, Quarry Bay, Hong Kong, HKG
Website
https://www.lenovo.com
Lenovo is a global technology hardware company with a leading market share in personal computers. The firm has been actively growing its data center business, which primarily sells network servers to enterprise and hyperscale customers, as well as storage equipment through its mainland China joint venture with NetApp. Server-related revenue contribution has jumped to 13% of overall sales in fiscal 2024, from 6% in 2015.