Nokian Tyres (WBO:NRE1) Construction In Progress : €245 Mil (As of Dec. 2023)

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What is Nokian Tyres Construction In Progress?

Nokian Tyres'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 (€245 Mil).

Nokian Tyres's annual construction in progress increased from Dec. 2021 (€99 Mil) to Dec. 2022 (€113 Mil) and increased from Dec. 2022 (€113 Mil) to Dec. 2023 (€245 Mil).

Nokian Tyres Construction In Progress Historical Data

The historical data trend for Nokian Tyres'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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Nokian Tyres Construction In Progress Chart

Nokian Tyres Annual Data

Trend

Dec14

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Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Construction In Progress

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395.00

145.60

99.30

113.40

244.50

Nokian Tyres 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															113.40	-	-	-	244.50

Nokian Tyres 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.

Nokian Tyres (WBO:NRE1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Nokian Tyres PLC (WBO:NRE1) » Definitions » Construction In Progress

Comparable Companies

Traded in Other Exchanges

NKRKY:USA NKRKF:USA 1TYRES:Italy 0FFY:UK TYRES:Finland NRE:Germany

Address

Pirkkalaistie 7, P.O. Box 20, Nokia, FIN, 37101

Website

https://www.nokiantyres.com

Nokian Tyres plc develops and manufactures rubber tires under the Nokian Tyres brand name for passenger cars, vans, trucks and heavy machinery. The company sells tires to wholesale distributors and through company-owned retail stores, which are operated under the Vianor brand name. The firm organizes itself into three segments based on product and distribution type: Passenger Car Tyres, Heavy Tyres, and Vianor. The passenger car tires segment generates the majority of revenue.

Nokian Tyres (WBO:NRE1) Headlines

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