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Open Text (Open Text) Construction In Progress : $232 Mil (As of Dec. 2023)


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What is Open Text Construction In Progress?

Open Text's quarterly construction in progress increased from Jun. 2023 ($217 Mil) to Sep. 2023 ($224 Mil) and increased from Sep. 2023 ($224 Mil) to Dec. 2023 ($232 Mil).

Open Text's annual construction in progress increased from Jun. 2021 ($128 Mil) to Jun. 2022 ($149 Mil) and increased from Jun. 2022 ($149 Mil) to Jun. 2023 ($217 Mil).

Open Text Construction In Progress Historical Data

The historical data trend for Open Text'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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Open Text Construction In Progress Chart

Open Text Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Construction In Progress
Get a 7-Day Free Trial Premium Member Only Premium Member Only 95.73 111.20 127.70 149.05 216.76

Open Text 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 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 159.45 206.85 216.76 224.33 232.27

Open Text 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.

Open Text (Open Text) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Software » Open Text Corp (NAS:OTEX) » Definitions » Construction In Progress
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Traded in Other Exchanges
OTX:Germany OTX:Germany OTEX:Canada
Address
275 Frank Tompa Drive, Waterloo, ON, CAN, N2L 0A1
Website
https://www.opentext.com
Open Text Corp grew out of a technology project involving the Oxford English Dictionary at Canada's University of Waterloo in the mid-1980s. Its software allows clients to archive, aggregate, retrieve, and search unstructured information (such as documents, e-mail, and presentations). The OpenText Information Management platform and services provide secure and scalable solutions for global enterprises, SMBs, governments, and consumers around the world. It also accelerates transformations with intelligent tools and services. The company is based in Ontario, Canada.