Quality Industrial (Quality Industrial) Construction In Progress : $1.67 Mil (As of Jun. 2023)

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What is Quality Industrial Construction In Progress?

Quality Industrial's quarterly construction in progress increased from Dec. 2022 ($1.89 Mil) to Mar. 2023 ($2.29 Mil) but then declined from Mar. 2023 ($2.29 Mil) to Jun. 2023 ($1.67 Mil).

Quality Industrial'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 ($1.89 Mil).

Quality Industrial Construction In Progress Historical Data

The historical data trend for Quality Industrial'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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Quality Industrial Construction In Progress Chart

Quality Industrial Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Construction In Progress

1.89

Quality Industrial Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
Construction In Progress	Get a 7-Day Free Trial										-	-	1.89	2.29	1.67

Quality Industrial 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.

Quality Industrial (Quality Industrial) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Quality Industrial Corp (OTCPK:QIND) » Definitions » Construction In Progress

Comparable Companies

Traded in Other Exchanges

N/A

Address

315 Montgomery Street, San Francisco, CA, USA, 94104

Website

https://www.qualityindustrialcorp.com

Quality Industrial Corp is engaged in the manufacture and assembly of industrial equipment and precision engineered technology for the Industrial, Oil & Gas, and Utility sectors.

Executives

Terje Aarbogh	10 percent owner	315 MONTGOMERY STREET, SAN FRANCISCO CA 94104
John-paul Backwell	officer: Chief Executive Officer	26 BROADWAY, SUITE 934, NEW YORK NY 10004
Louise Bennett	officer: Chief Operations Officer	26 BROADWAY, SUITE 934, NEW YORK NY 10004
Nicolas Link	director, 10 percent owner	26 BROADWAY, SUITE 934, NEW YORK NY 10004
Krishnan Krishnamoorthy	officer: Chief Financial Officer	26 BROADWAY, SUITE 934, NEW YORK NY 10004
Paul Quintal	director	315 MONTGOMERY STREET, SAN FRANCISCO CA 94104
Rasmus Refer	10 percent owner	315 MONTGOMERY STREET, SAN FRANCISCO CA 94104
Carsten Falk	officer: CEO	315 MONTGOMERY STREET, SAN FRANCISCO CA 94104