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Hitek Global (Hitek Global) Buildings And Improvements : $0.59 Mil (As of Dec. 2023)


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What is Hitek Global Buildings And Improvements?

Hitek Global's quarterly buildings and improvements declined from Dec. 2022 ($0.45 Mil) to Jun. 2023 ($0.43 Mil) but then increased from Jun. 2023 ($0.43 Mil) to Dec. 2023 ($0.59 Mil).

Hitek Global's annual buildings and improvements declined from Dec. 2021 ($0.49 Mil) to Dec. 2022 ($0.45 Mil) but then increased from Dec. 2022 ($0.45 Mil) to Dec. 2023 ($0.59 Mil).

Hitek Global Buildings And Improvements Historical Data

The historical data trend for Hitek Global's Buildings And Improvements 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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Hitek Global Buildings And Improvements Chart

Hitek Global Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Buildings And Improvements
Get a 7-Day Free Trial 0.45 0.48 0.49 0.45 0.59

Hitek Global Semi-Annual Data
Dec17 Jun18 Dec18 Jun19 Dec19 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Buildings And Improvements Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.49 0.46 0.45 0.43 0.59

Hitek Global Buildings And Improvements Calculation

Buildings are typically valued at the time of acquisition or construction.  Broker and architect fees, permits, etc. can be covered within this category.  Building components, such as a roof, are normally recorded separately in an asset register since the value and useful lives of these components equal much less than the building itself.

Building improvements that extend the useful life of a building will fall into the category of “building improvements” and should be capitalized.  Improvements are commonly recorded at acquisition cost.  Building improvement examples include roofing, remodeling, replacements, etc.

Hitek Global (Hitek Global) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Software » Hitek Global Inc (NAS:HKIT) » Definitions » Buildings And Improvements
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SSNT EBZT INLX NOWG WBSR BMR MTBL TSRI CXAI PALT CRM XTER:SAP INTU NOW UBER CDNS SHOP WDAY XPAR:DSY ROP
Traded in Other Exchanges
4JX:Germany
Address
No. 30 Guanri Road, Siming District, Unit 304, Fujian Province, Phase II, Software Park, Xiamen, CHN
Website
http://www.xmhitek.com
Hitek Global Inc is a provider of information technology consulting and solutions services. The company has two lines of businesses such as services to small and medium businesses, which consist of Anti-Counterfeiting Tax Control System tax devices, including Golden Tax Disk and printers, ACTCS services, and IT services; and services to large businesses, which include hardware sales and software sales. It generates revenues from hardware sales, software sales, IT services, and tax devices and services.