PACS Group (PACS Group) Construction In Progress : $50.4 Mil (As of Mar. 2024)

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What is PACS Group Construction In Progress?

PACS Group's quarterly construction in progress increased from Mar. 2023 ($0.0 Mil) to Dec. 2023 ($50.9 Mil) but then declined from Dec. 2023 ($50.9 Mil) to Mar. 2024 ($50.4 Mil).

PACS Group's annual construction in progress increased from Dec. 2021 ($0.0 Mil) to Dec. 2022 ($39.8 Mil) and increased from Dec. 2022 ($39.8 Mil) to Dec. 2023 ($50.9 Mil).

PACS Group Construction In Progress Historical Data

The historical data trend for PACS Group'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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PACS Group Construction In Progress Chart

PACS Group Annual Data

Trend

Dec21

Dec22

Dec23

Construction In Progress

39.81

50.94

PACS Group Quarterly Data
	Dec21	Dec22	Mar23	Dec23	Mar24
Construction In Progress	-	39.81	-	50.94	50.37

PACS Group 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.

PACS Group (PACS Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » PACS Group Inc (NYSE:PACS) » Definitions » Construction In Progress

Comparable Companies

Traded in Other Exchanges

N/A

Address

262 N. University Avenue, Farmington, UT, USA, 84025

Website

https://www.pacs.com

PACS Group Inc is a post-acute healthcare company primarily focused on delivering high-quality skilled nursing care through a portfolio of independently operated facilities Its is a nursing providers in the United States based on number of facilities, with over 200 post-acute care facilities across nine states serving over 20,000 patients daily. It also provide senior care, assisted living, and independent living options in some of communities.

PACS Group (PACS Group) Headlines

From GuruFocus

PACS Group, Inc. Announces Pricing of Its Upsized Initial Public Offering

By Business Wire • 04-11-2024