Vection Technologies (ASX:VR1) Inventories, Work In Process : A$0.00 Mil (As of Dec. 2023)

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What is Vection Technologies 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. Vection Technologies's work in process for the quarter that ended in Dec. 2023 was A$0.00 Mil.

Vection Technologies Inventories, Work In Process Historical Data

The historical data trend for Vection Technologies'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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Vection Technologies Inventories, Work In Process Chart

Vection Technologies Annual Data

Trend

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Inventories, Work In Process

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0.11

0.04

Vection Technologies Semi-Annual Data
	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Inventories, Work In Process	Get a 7-Day Free Trial									-	0.11	-	0.04	-

Vection Technologies 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.

Vection Technologies (ASX:VR1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Vection Technologies Ltd (ASX:VR1) » Definitions » Inventories, Work In Process

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Traded in Other Exchanges

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Address

355 Scarborough Beach Road, Level 4, Building C, Garden Office Park, Osborne Park, WA, AUS, 6017

Website

https://www.vection.com.au

Vection Technologies Ltd is a software company that focuses on real-time technologies for industrial companies' digital transformation, Through a combination of 3D, Virtual Reality, Augmented Reality, Industrial IoT, and CAD solutions. It operates in two segments namely Information Technology(IT) development division and Outsourced services division. The majority of the revenue is derived from the IT development division. Mindesk, EnWorks, 3DFrame, Configurator and XRKiosk are the products of the company.

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