AUB Group (ASX:AUB) Inventories, Work In Process : A$0.0 Mil (As of Dec. 2023)

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What is AUB Group Inventories, Work In Process?

Work in process is the part of a manufacturer's inventory that is in the production process and has not yet been completed and transferred to the finished goods inventory. AUB Group's work in process for the quarter that ended in Dec. 2023 was A$0.0 Mil.

AUB Group Inventories, Work In Process Historical Data

The historical data trend for AUB Group's Inventories, Work In Process 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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AUB Group Inventories, Work In Process Chart

AUB Group Annual Data

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Inventories, Work In Process

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AUB Group Semi-Annual Data
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AUB Group Inventories, Work In Process Calculation

That part of a manufacturer's inventory that is in the production process and has not yet been completed and transferred to the finished goods inventory. This account contains the cost of the direct material, direct labor, and factory overhead placed into the products on the factory floor. A manufacturer must disclose in its financial statements the cost of its work-in-process as well as the cost of finished goods and materials on hand.

AUB Group (ASX:AUB) Business Description

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A5H:Germany

Address

141 Walker Street, Level 14, North Sydney, Sydney, NSW, AUS, 2060

Website

https://www.aubgroup.com.au

AUB Group is the second-largest general insurance broker network in Australia and New Zealand. It has an ownership in brokerage businesses which collectively write over AUD 5 billion in premiums. It also owns equity stakes in 27 underwriting agencies. AUB derives revenue from commissions (from insurers, ultimately paid for by AUB's customers) based on gross written premium, or GWP, from agencies it owns, and a share of profits from associates and joint ventures. GWP is split between personal (7%), small to medium enterprises (65%), and corporates (28%).