Array Technologies (STU:9AY) Construction In Progress : €3 Mil (As of Mar. 2024)

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What is Array Technologies Construction In Progress?

Array Technologies's quarterly construction in progress increased from Sep. 2023 (€6 Mil) to Dec. 2023 (€6 Mil) but then declined from Dec. 2023 (€6 Mil) to Mar. 2024 (€3 Mil).

Array Technologies's annual construction in progress increased from Dec. 2021 (€2 Mil) to Dec. 2022 (€5 Mil) and increased from Dec. 2022 (€5 Mil) to Dec. 2023 (€6 Mil).

Array Technologies Construction In Progress Historical Data

The historical data trend for Array Technologies'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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Array Technologies Construction In Progress Chart

Array Technologies Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Construction In Progress

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1.66

4.85

5.98

Array Technologies Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Construction In Progress	Get a 7-Day Free Trial															7.69	11.16	5.70	5.98	3.50

Array Technologies 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.

Array Technologies (STU:9AY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Array Technologies Inc (STU:9AY) » Definitions » Construction In Progress

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ARRY:USA

Address

3901 Midway Place NE, Albuquerque, NM, USA, 87109

Website

https://www.arraytechinc.com

Array Technologies Inc manufacturer of ground-mounting systems used in solar energy projects. The company's product is an integrated system of steel supports, electric motors, gearboxes and electronic controllers referred to as a single-axis tracker that move solar panels throughout the day to maintain an optimal orientation to the sun, which increases their energy production. Its operations are in the United States, Australia, Spain, Brazil and Rest of the World with the United States deriving the majority of the revenue.

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