NKLAQ (Nikola) Construction In Progress: $66.09 Mil (As of Dec. 2024)


What is Nikola Construction In Progress?

Nikola NKLAQ -30.00% Construction In Progress is $66.09 Mil as of Dec. 2024.

Nikola's quarterly construction in progress declined from Jun. 2024 ($107.65 Mil) to Sep. 2024 ($105.72 Mil) and declined from Sep. 2024 ($105.72 Mil) to Dec. 2024 ($66.09 Mil).

Nikola's annual construction in progress declined from Dec. 2022 ($209.19 Mil) to Dec. 2023 ($135.99 Mil) and declined from Dec. 2023 ($135.99 Mil) to Dec. 2024 ($66.09 Mil).

Nikola Construction In Progress Historical Data

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The historical data trend for Nikola'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.

Nikola Construction In Progress Chart

Nikola Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Construction In Progress
Get a 7-Day Free Trial 21.22 103.52 209.19 135.99 66.09

Nikola 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 135.99 96.95 107.65 105.72 66.09

Nikola 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 $66.09 Mil mean?
Nikola (NKLAQ) has a Construction In Progress of $66.09 Mil as of Dec. 2024. Construction in Progress records the amount of construction work that is not complete. View historical data on Nikola and its competitors.
Is Nikola's Construction In Progress too high?
Nikola's current Construction In Progress is $66.09 Mil.
How does Nikola's Construction In Progress compare to NMHI and GP?
Nikola's Construction In Progress of $66.09 Mil can be compared against companies in the Farm & Heavy Construction Machinery 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 Farm & Heavy Construction Machinery company?
A good Construction In Progress depends on the Farm & Heavy Construction Machinery 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 Nikola and its competitors. Nikola's current Construction In Progress is $66.09 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nikola stock overvalued right now?
Nikola (NKLAQ) has a current Construction In Progress of $66.09 Mil. The current Construction In Progress is $66.09 Mil. 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 Nikola (NKLAQ), the current Construction In Progress is $66.09 Mil as of Dec. 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.

Nikola Business Description

Address P.O. Box 27028, Tempe, AZ, USA, 85285
Nikola Corp is a technology innovator and integrator, working to develop inventive energy and transportation solutions. It works on a business model that enables customers and fleets to integrate next-generation truck technology, hydrogen fueling and charging infrastructure, and related maintenance. It operates in two business units: Truck and Energy. The Truck business unit is engaged in manufacturing and selling FCEV and BEV trucks that provide environmentally friendly, cost-effective solutions to the trucking sector. The Energy business unit is engaged in developing and constructing a network of hydrogen fueling stations to meet the hydrogen fuel demand for the company's customers, as well as other third-party customers.