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Tongcheng Travel Holdings (STU:TEM) Construction In Progress : €49 Mil (As of Jun. 2024)


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What is Tongcheng Travel Holdings Construction In Progress?

Tongcheng Travel Holdings's quarterly construction in progress declined from Dec. 2023 (€108 Mil) to Mar. 2024 (€0 Mil) but then increased from Mar. 2024 (€0 Mil) to Jun. 2024 (€49 Mil).

Tongcheng Travel Holdings's annual construction in progress increased from Dec. 2021 (€5 Mil) to Dec. 2022 (€17 Mil) and increased from Dec. 2022 (€17 Mil) to Dec. 2023 (€108 Mil).


Tongcheng Travel Holdings Construction In Progress Historical Data

The historical data trend for Tongcheng Travel Holdings'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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Tongcheng Travel Holdings Construction In Progress Chart

Tongcheng Travel Holdings Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Construction In Progress
Get a 7-Day Free Trial Premium Member Only 56.54 2.85 4.54 17.33 108.34

Tongcheng Travel Holdings Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
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 21.99 - 108.34 - 48.73

Tongcheng Travel Holdings 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.


Tongcheng Travel Holdings Business Description

Traded in Other Exchanges
Address
No. 188, Yuxin Road, Tongcheng Mansion, Suzhou Industrial Park, Jiangsu, CHN
Tongcheng Travel is an online travel agency platform that provides booking services for hotel and ticketing in China. It generated 88% of its revenue from accommodation reservations and transportation ticketing in the third quarter of 2022. The rest came from advertising and in-house software sales. The platform provides both online and offline services in the form of call centers. Tongcheng Travel was formed from the merger of Tongcheng Network and eLong in 2018. It is currently 21.38% owned by Tencent and 20.86% by Trip.com. Tongcheng targets lower-tier cities and as of 2021, 86.7% of its users are from non-first-tier cities in China and 61.7% of new paying users on Weixin were from Tier 3 or below cities in China. The company competes with Trip.com, Alibaba's Fliggy, and Meituan.

Tongcheng Travel Holdings Headlines

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