Cintas (STU:CIT) Construction In Progress : €0 Mil (As of Aug. 2024)

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What is Cintas Construction In Progress?

Cintas's quarterly construction in progress increased from Feb. 2024 (€0 Mil) to May. 2024 (€154 Mil) but then declined from May. 2024 (€154 Mil) to Aug. 2024 (€0 Mil).

Cintas's annual construction in progress increased from May. 2022 (€49 Mil) to May. 2023 (€100 Mil) and increased from May. 2023 (€100 Mil) to May. 2024 (€154 Mil).

Cintas Construction In Progress Historical Data

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

Cintas Annual Data

Trend

May15

May16

May17

May18

May19

May20

May21

May22

May23

May24

Construction In Progress

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50.02

30.24

49.25

100.31

154.12

Cintas Quarterly Data
	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24
Construction In Progress	Get a 7-Day Free Trial															-	-	-	154.12	-

Cintas 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.

Cintas Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

CTAS:USA CTAS:Mexico 0HYJ:UK CIT:Germany C1TA34:Brazil CTAS:Austria

Address

6800 Cintas Boulevard, P.O. Box 625737, Cincinnati, OH, USA, 45262-5737

Website

https://www.cintas.com

Cintas has roots tracing back to 1929, during which the Farmer family cleaned and re-sold dirty rags to manufacturing plants in Ohio. The firm has grown its business organically and through acquisitions, and today Cintas acts as a one-stop outsourcing partner for businesses. Cintas will design, manufacture, collect, and clean every employee uniform for a small weekly sum, taking on the upfront capital expense itself. In the same stop, Cintas can also replace soiled or depleted mats, mops, trash liners, towels, first aid, fire, and cleaning products. Businesses value an outsourcing partner like Cintas as it simplifies operations and leaves noncore tasks with high regulatory standards in the hands of professionals.