MMATQ (Meta Materials) Construction In Progress: $6.22 Mil (As of Mar. 2024)


MMATQ Meta Materials Inc MMATQ
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What is Meta Materials Construction In Progress?

Meta Materials MMATQ -99.00% 12 Construction In Progress is $6.22 Mil as of Mar. 2024. GuruFocus rates MMATQ with a GF Score™ of 12/100.

Meta Materials's quarterly construction in progress declined from Sep. 2023 ($6.93 Mil) to Dec. 2023 ($6.38 Mil) and declined from Dec. 2023 ($6.38 Mil) to Mar. 2024 ($6.22 Mil).

Meta Materials's annual construction in progress increased from Dec. 2021 ($8.87 Mil) to Dec. 2022 ($20.34 Mil) but then declined from Dec. 2022 ($20.34 Mil) to Dec. 2023 ($6.38 Mil).

Meta Materials Construction In Progress Historical Data

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The historical data trend for Meta Materials'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.

Meta Materials Construction In Progress Chart

Meta Materials Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Construction In Progress
0.00 0.42 8.87 20.34 6.38

Meta Materials Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 5.46 7.59 6.93 6.38 6.22
MMATQ
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Meta Materials Inc MMATQ
Construction In Progress is just one metric. See GF Score™, valuation, warning signs, and more.
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Meta Materials 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 $6.22 Mil mean?
Meta Materials (MMATQ) has a Construction In Progress of $6.22 Mil as of Mar. 2024. Construction in Progress records the amount of construction work that is not complete. View historical data on Meta Materials and its competitors.
Is Meta Materials' Construction In Progress too high?
Meta Materials' current Construction In Progress is $6.22 Mil. Overall, Meta Materials has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Meta Materials' Construction In Progress compare to APH and TEL?
Meta Materials' Construction In Progress of $6.22 Mil can be compared against companies in the Hardware 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 Hardware company?
A good Construction In Progress depends on the Hardware 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 Meta Materials and its competitors. Meta Materials's current Construction In Progress is $6.22 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Meta Materials stock overvalued right now?
Meta Materials (MMATQ) has a current Construction In Progress of $6.22 Mil. The current Construction In Progress is $6.22 Mil. Meta Materials' 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 Meta Materials (MMATQ), the current Construction In Progress is $6.22 Mil as of Mar. 2024. 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.

Meta Materials Business Description

Address 60 Highfield Park Drive, Dartmouth, NS, CAN, B3A 4R9
Meta Materials Inc delivers previously unachievable performance across a range of applications by inventing, designing, developing, and manufacturing sustainable, functional materials. Its extensive technology platform enables brands to deliver breakthrough products to their customers in consumer electronics, 5G communications, health and wellness, aerospace, automotive, and clean energy. Its products include NANOWEB, which is a transparent conductive film; holoOPTIX; ARfusion; metaAIR; and glucoWISE.
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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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