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Xi an Novastar Tech Co (SZSE:301589) Construction In Progress : ¥328 Mil (As of Mar. 2024)


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What is Xi an Novastar Tech Co Construction In Progress?

Xi an Novastar Tech Co's quarterly construction in progress increased from Sep. 2023 (¥279 Mil) to Dec. 2023 (¥313 Mil) and increased from Dec. 2023 (¥313 Mil) to Mar. 2024 (¥328 Mil).

Xi an Novastar Tech Co's annual construction in progress increased from Dec. 2021 (¥227 Mil) to Dec. 2022 (¥451 Mil) but then declined from Dec. 2022 (¥451 Mil) to Dec. 2023 (¥313 Mil).


Xi an Novastar Tech Co Construction In Progress Historical Data

The historical data trend for Xi an Novastar Tech 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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Xi an Novastar Tech Co Construction In Progress Chart

Xi an Novastar Tech Co Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Construction In Progress
Get a 7-Day Free Trial 0.34 32.40 226.77 450.54 312.83

Xi an Novastar Tech Co Quarterly Data
Dec18 Dec19 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 - 249.42 279.47 312.83 327.84

Xi an Novastar Tech 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.


Xi an Novastar Tech Co (SZSE:301589) Business Description

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Xi an Novastar Tech Co Ltd is engaged in the research and application of video and display control core algorithms to provide users with professional comprehensive software and hardware solutions. It focuses on LED display applications and provides over 4000 customers with full link solutions from video processing to display control.

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