Covestro AG (WBO:1COV) Construction In Progress : €1,043 Mil (As of Dec. 2023)

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What is Covestro AG Construction In Progress?

Covestro AG's quarterly construction in progress stayed the same from Jun. 2023 (€0 Mil) to Sep. 2023 (€0 Mil) but then increased from Sep. 2023 (€0 Mil) to Dec. 2023 (€1,043 Mil).

Covestro AG's annual construction in progress increased from Dec. 2021 (€920 Mil) to Dec. 2022 (€937 Mil) and increased from Dec. 2022 (€937 Mil) to Dec. 2023 (€1,043 Mil).

Covestro AG Construction In Progress Historical Data

The historical data trend for Covestro AG'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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Covestro AG Construction In Progress Chart

Covestro AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Construction In Progress

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1,188.00

844.00

920.00

937.00

1,043.00

Covestro AG Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Construction In Progress	Get a 7-Day Free Trial															937.00	-	-	-	1,043.00

Covestro AG 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.

Covestro AG (WBO:1COV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Covestro AG (WBO:1COV) » Definitions » Construction In Progress

Comparable Companies

Traded in Other Exchanges

COVTY:USA CVVTF:USA 11COV:Italy 1COVd:UK 0RBE:UK 1COV:Germany

Address

Kaiser-Wilhelm-Allee 60, Leverkusen, NW, DEU, 51373

Website

https://www.covestro.com/en

Covestro, formerly Bayer Material Science, was spun off from the Bayer Group in 2015. The firm is a market leader in polyurethanes and polycarbonates, products that the company discovered in the mid-20th century. It also has a sizable speciality chemicals business that is focused on coatings and adhesives. Demand for Covestro's products is driven primarily by cyclical end markets, such as automotive, construction, and furniture.

Covestro AG (WBO:1COV) Headlines

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