Velocys (Velocys) Construction In Progress : $0.61 Mil (As of Jun. 2023)

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What is Velocys Construction In Progress?

Velocys's quarterly construction in progress increased from Jun. 2022 ($0.00 Mil) to Dec. 2022 ($0.06 Mil) and increased from Dec. 2022 ($0.06 Mil) to Jun. 2023 ($0.61 Mil).

Velocys's annual construction in progress stayed the same from Dec. 2020 ($0.00 Mil) to Dec. 2021 ($0.00 Mil) but then increased from Dec. 2021 ($0.00 Mil) to Dec. 2022 ($0.06 Mil).

Velocys Construction In Progress Historical Data

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

Velocys Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Construction In Progress

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0.67

1.29

0.06

Velocys Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Construction In Progress	Get a 7-Day Free Trial															-	-	-	0.06	0.61

Velocys 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.

Velocys (Velocys) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Velocys PLC (OTCPK:OXFCF) » Definitions » Construction In Progress

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Traded in Other Exchanges

VLS.GB:UK VLS:UK O7N:Germany

Address

Robert Robinson Avenue, Magdalen Centre, The Oxford Science Park, Oxford, GBR, OX4 4GA

Website

https://www.velocys.com

Velocys PLC is a UK-based company that is engaged in design, development, marketing, and sale of technology to produce synthetic fuels and specialty products. Its technology is specifically designed for smaller scale gas-to-liquids (GTL) and biomass-to-liquids (BTL). The company's technology turns natural gas or biomass into premium products, such as diesel, jet fuel, waxes, and base oils. The business has a single operating segment: the synthetic fuels segment. Geographically, it derives a majority of revenue from the Americas and has a presence in Europe and the Asia Pacific.