American Electric Power Construction work in progress increased by 32.9% to $6.39B in Q3 2023 compared to the prior quarter. Year-over-year, this metric grew by 39.1%, from $4.60B to $6.39B. Over 2 years (FY 2020 to FY 2022), Construction work in progress shows an upward trend with a 9.3% CAGR.
An increase suggests active capital expansion, while a decrease may indicate project completion or a slowdown in capital investment.
Represents the total accumulated costs for capital projects that are currently under construction and not yet placed int...
Varies significantly by industry; capital-intensive sectors like aerospace and defense typically maintain higher balances.
other_construction_in_progress_gross| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q3 '23 | |
|---|---|---|---|---|---|---|---|---|
| Value | $3.88B | $4.15B | $3.68B | $3.97B | $4.29B | $4.60B | $4.81B | $6.39B |
| QoQ Change | — | +7.0% | -11.2% | +7.7% | +8.1% | +7.2% | +4.6% | +32.9% |
| YoY Change | — | — | — | — | +10.6% | +10.7% | +30.5% | +39.1% |