Shandong Molong Petroleum Machinery Co (SZSE:002490) Construction In Progress : ¥2.2 Mil (As of Dec. 2023)

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What is Shandong Molong Petroleum Machinery Co Construction In Progress?

Shandong Molong Petroleum Machinery Co's quarterly construction in progress stayed the same from Jun. 2023 (¥6.3 Mil) to Sep. 2023 (¥6.3 Mil) but then declined from Sep. 2023 (¥6.3 Mil) to Dec. 2023 (¥2.2 Mil).

Shandong Molong Petroleum Machinery Co's annual construction in progress declined from Dec. 2021 (¥10.0 Mil) to Dec. 2022 (¥0.3 Mil) but then increased from Dec. 2022 (¥0.3 Mil) to Dec. 2023 (¥2.2 Mil).

Shandong Molong Petroleum Machinery Co Construction In Progress Historical Data

The historical data trend for Shandong Molong Petroleum Machinery Co'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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Shandong Molong Petroleum Machinery Co Construction In Progress Chart

Shandong Molong Petroleum Machinery Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Construction In Progress

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55.04

7.62

10.03

0.30

2.19

Shandong Molong Petroleum Machinery Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Construction In Progress	Get a 7-Day Free Trial															2.18	6.32	6.32	2.19	-

Shandong Molong Petroleum Machinery Co 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.

Shandong Molong Petroleum Machinery Co (SZSE:002490) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Shandong Molong Petroleum Machinery Co Ltd (SZSE:002490) » Definitions » Construction In Progress

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SHANY:USA SHANF:USA 00568:Hong Kong

Address

No. 99 Xingshang Road, Gucheng Street, Shandong Province, Shouguang, CHN, 262700

Website

http://www.molonggroup.com

Shandong Molong Petroleum Machinery Co Ltd is mainly engaged in design, research and development, processing and manufacturing, sales service and export trade of products for the energy equipment industry. The main products included petroleum-drilling machinery equipment, petroleum and natural gas transportation equipment, petroleum and natural gas exploitation equipment, and major critical components and castings and forgings products. The company's products are mainly used in petroleum, natural gas, coalbed methane, shale gas and other energy drilling, machinery processing, and urban pipe network. The sales of pipe products accounted for over 80% of the company's revenue.

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