Adicon Holdings (Adicon Holdings) Construction In Progress : $1.2 Mil (As of Dec. 2023)

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What is Adicon Holdings Construction In Progress?

Adicon Holdings's quarterly construction in progress declined from Dec. 2022 ($1.2 Mil) to Jun. 2023 ($0.0 Mil) but then increased from Jun. 2023 ($0.0 Mil) to Dec. 2023 ($1.2 Mil).

Adicon Holdings's annual construction in progress declined from Dec. 2021 ($2.0 Mil) to Dec. 2022 ($1.2 Mil) but then increased from Dec. 2022 ($1.2 Mil) to Dec. 2023 ($1.2 Mil).

Adicon Holdings Construction In Progress Historical Data

The historical data trend for Adicon Holdings'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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Adicon Holdings Construction In Progress Chart

Adicon Holdings Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Construction In Progress

0.81

2.00

1.18

1.22

Adicon Holdings Quarterly Data
	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23
Construction In Progress	Get a 7-Day Free Trial			2.00	-	1.18	-	1.22

Adicon Holdings 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.

Adicon Holdings (Adicon Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Diagnostics & Research » Adicon Holdings Ltd (OTCPK:ADCNF) » Definitions » Construction In Progress

Comparable Companies

Traded in Other Exchanges

09860:Hong Kong

Address

No. 208, Zhenzhong Road, West Lake, Zhejiang, Hangzhou, CHN

Website

https://www.adicon.com.cn

Adicon Holdings Ltd is one of the top three independent clinical laboratory or ICL, service providers in China. The company offers comprehensive and best-in-class testing services primarily to hospitals and health check centers through an integrated network of 33 self-operated laboratories across China. The high quality of its services is backed by its strong performance in terms of international accreditation and comprehensive testing menu. Its testing portfolio consists of over 4,000 medical diagnostic tests, including over 1,700 routine tests and over 2,300 esoteric tests. It has three major service platforms. Among them, the inspection service platform consists of clinical, pathology, reproductive genetic, genetic, and mass spectrometry laboratories.

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