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


What is Quality Industrial Construction In Progress?

Quality Industrial QIND +1.90% Construction In Progress is $1.67 Mil as of Jun. 2023.

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

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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.

Quality Industrial Construction In Progress Chart

Quality Industrial Annual Data
Trend Dec19 Dec20 Dec21 Dec22
Construction In Progress
0.00 0.00 0.00 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 0.00 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.

What does a Construction In Progress of $1.67 Mil mean?
Quality Industrial (QIND) has a Construction In Progress of $1.67 Mil as of Jun. 2023. Construction in Progress records the amount of construction work that is not complete. View historical data on Quality Industrial and its competitors.
Is Quality Industrial's Construction In Progress too high?
Quality Industrial's current Construction In Progress is $1.67 Mil.
How does Quality Industrial's Construction In Progress compare to OPTT and AUSI?
Quality Industrial's Construction In Progress of $1.67 Mil can be compared against companies in the Industrial Products 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 an Industrial Products company?
A good Construction In Progress depends on the Industrial Products 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 Quality Industrial and its competitors. Quality Industrial's current Construction In Progress is $1.67 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Quality Industrial stock overvalued right now?
Quality Industrial (QIND) has a current Construction In Progress of $1.67 Mil. The current Construction In Progress is $1.67 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 Quality Industrial (QIND), the current Construction In Progress is $1.67 Mil as of Jun. 2023. 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.

Quality Industrial Business Description

Address 505 Montgomery Street, San Francisco, CA, USA, 94104
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. Its services include consulting, designing, supplying, installing, and maintaining LPG systems, as well as the transportation and supply of LPG in both bulk and cylinder formats. The firm cater to a diverse range of clients, including commercial buildings, mixed-use apartment complexes, shopping centers, food courts, heavy industries, labor accommodations, catering units, commercial kitchens, and dining establishments.