Lenovo Group (HKSE:00992) Construction In Progress : HK$3,011 Mil (As of Dec. 2023)

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What is Lenovo Group Construction In Progress?

Lenovo Group's quarterly construction in progress increased from Jun. 2023 (HK$4,355 Mil) to Sep. 2023 (HK$4,465 Mil) but then declined from Sep. 2023 (HK$4,465 Mil) to Dec. 2023 (HK$3,011 Mil).

Lenovo Group's annual construction in progress increased from Mar. 2021 (HK$1,612 Mil) to Mar. 2022 (HK$3,991 Mil) and increased from Mar. 2022 (HK$3,991 Mil) to Mar. 2023 (HK$5,008 Mil).

Lenovo Group Construction In Progress Historical Data

The historical data trend for Lenovo 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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Lenovo Group Construction In Progress Chart

Lenovo Group Annual Data

Trend

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Mar23

Construction In Progress

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1,821.78

2,362.46

1,612.14

3,991.28

5,007.84

Lenovo Group Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Construction In Progress	Get a 7-Day Free Trial															4,475.20	5,007.84	4,355.27	4,464.86	3,010.55

Lenovo 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.

Lenovo Group (HKSE:00992) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Lenovo Group Ltd (HKSE:00992) » Definitions » Construction In Progress

Comparable Companies

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LNVGY:USA LNVGF:USA LHL:Germany

Address

979 King's Road, 23rd Floor, Lincoln House, Taikoo Place, Quarry Bay, Hong Kong, HKG

Website

https://www.lenovo.com

Lenovo is a global technology hardware company with a leading market share in personal computers. Its operations are divided into three main business segments: PC and smart devices, mobile, and data center, which we expect to account for 55%, 11%, and 19% of sales in the midterm, respectively. The firm has been actively growing its data center business, which primarily sells network servers to enterprise and hyperscale customers, as well as storage equipment through its mainland China joint venture with NetApp. Server-related revenue contribution has jumped to 16% of overall sales in fiscal 2022, from 6% in 2015.

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