Safestay (LSE:SSTY) Construction In Progress : £2.45 Mil (As of Dec. 2024)

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What is Safestay Construction In Progress?

Safestay's quarterly construction in progress declined from Dec. 2023 (£2.15 Mil) to Jun. 2024 (£0.00 Mil) but then increased from Jun. 2024 (£0.00 Mil) to Dec. 2024 (£2.45 Mil).

Safestay's annual construction in progress increased from Dec. 2022 (£0.00 Mil) to Dec. 2023 (£2.15 Mil) and increased from Dec. 2023 (£2.15 Mil) to Dec. 2024 (£2.45 Mil).

Safestay Construction In Progress Historical Data

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

Safestay Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Construction In Progress

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2.15

2.45

Safestay Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Construction In Progress	Get a 7-Day Free Trial															-	-	2.15	-	2.45

Safestay 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.

Safestay Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Safestay PLC (LSE:SSTY) » Definitions » Construction In Progress

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Address

1a Kingsley Way, London, GBR, N2 0FW

Website

https://www.safestay.com

Safestay PLC owns and operates a luxurious hostel group in the United Kingdom. It operates backpacker tourist hostels under the Safestay brand. Its property portfolio includes Safestay London Elephant and Castle, Glasgow Charing Cross, Brussels Grand Place. and York among others providing four, six, eight, and twelve bunk bedded dorms with en-suite facilities, as well as single, twin, double, and family bunk rooms with tea and coffee making facilities and televisions. The company operates in the segment of hostel accommodation in the UK and Europe. It generates revenue through various products and services such as Hostel accommodation which derives key revenue, Food and Beverages sales, and Others. Geographically, it generates a vast majority of its revenue from the United Kingdom.

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