Michang Oil Ind Co (XKRX:003650) Construction In Progress : ₩885 Mil (As of Mar. 2024)

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What is Michang Oil Ind Co Construction In Progress?

Michang Oil Ind Co's quarterly construction in progress declined from Sep. 2023 (₩111 Mil) to Dec. 2023 (₩34 Mil) but then increased from Dec. 2023 (₩34 Mil) to Mar. 2024 (₩885 Mil).

Michang Oil Ind Co's annual construction in progress declined from Dec. 2021 (₩118 Mil) to Dec. 2022 (₩0 Mil) but then increased from Dec. 2022 (₩0 Mil) to Dec. 2023 (₩34 Mil).

Michang Oil Ind Co Construction In Progress Historical Data

The historical data trend for Michang Oil Ind 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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Michang Oil Ind Co Construction In Progress Chart

Michang Oil Ind Co Annual Data

Trend

Dec14

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Dec16

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Dec19

Dec20

Dec21

Dec22

Dec23

Construction In Progress

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36.00

117.70

33.50

Michang Oil Ind 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															216.50	78.50	111.00	33.50	885.00

Michang Oil Ind 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.

Michang Oil Ind Co (XKRX:003650) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Michang Oil Ind Co Ltd (XKRX:003650) » Definitions » Construction In Progress

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Traded in Other Exchanges

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Address

241, Haeyang-ro, Yeongdo-gu, Busan, KOR

Website

http://www.michang.co.kr

Michang Oil Ind Co Ltd is engaged in the petrochemical business in South Korea. It offers automotive lubricants, including premium motor, gasoline motor, diesel motor, and automotive gear oils, as well as auto transmission fluids and other application motor oils; and industrial lubricants, such as turbine, hydraulic, compressor, and industrial gear oils, as well as heat transfer fluids.

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