SBM Offshore NV (XAMS:SBMO) Construction In Progress : €74 Mil (As of Dec. 2023)

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What is SBM Offshore NV Construction In Progress?

SBM Offshore NV's quarterly construction in progress declined from Dec. 2022 (€15 Mil) to Jun. 2023 (€0 Mil) but then increased from Jun. 2023 (€0 Mil) to Dec. 2023 (€74 Mil).

SBM Offshore NV's annual construction in progress increased from Dec. 2021 (€4 Mil) to Dec. 2022 (€15 Mil) and increased from Dec. 2022 (€15 Mil) to Dec. 2023 (€74 Mil).

SBM Offshore NV Construction In Progress Historical Data

The historical data trend for SBM Offshore NV'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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SBM Offshore NV Construction In Progress Chart

SBM Offshore NV Annual Data

Trend

Dec14

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Dec22

Dec23

Construction In Progress

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19.80

9.04

3.54

15.10

74.28

SBM Offshore NV Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Construction In Progress	Get a 7-Day Free Trial															3.54	-	15.10	-	74.28

SBM Offshore NV 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.

SBM Offshore NV (XAMS:SBMO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » SBM Offshore NV (XAMS:SBMO) » Definitions » Construction In Progress

Comparable Companies

Traded in Other Exchanges

SBFFY:USA SBFFF:USA SBMOa:UK 0NIS:UK IHCB:Germany

Address

Evert van de Beekstraat 1-77, Schiphol, Amsterdam, NH, NLD, 1118 CL

Website

https://www.sbmoffshore.com

SBM Offshore NV provides floating production solutions to the offshore energy industry both in hydrocarbon and renewable markets. Its main activities are the design, supply, installation, operation, and life extension of Floating Production Storage and Offloading (FPSO) vessels. The company is also working on floating offshore wind, wave energy and research and development of products for future energy markets. It has dedicated product lines to provide specific floating equipment and products such as Turret Mooring Systems (TMS) and offshore (off)loading Terminals. The Company has two segments: Lease and Operate segment includes all earned day rates on operating lease and operate contracts, and The turnkey segment includes revenues from Turnkey supply contracts and after-sales services.

SBM Offshore NV (XAMS:SBMO) Headlines

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