Construction In Progress (Historical) Formula in Excel

Construction In Progress (Historical) provides the balance of a company’s long-term assets that are still under construction and not yet ready for use. With MarketXLS, you can easily fetch this historical metric in Excel to gain insights into a company’s ongoing capital expenditures.

Understanding Construction In Progress (Historical)

• Purpose and Use Cases:
  Construction In Progress CIP tracks funds invested in assets still under development. It helps analysts evaluate ongoing projects and potential capital commitments.

• Key Benefits:

  • Quickly assess a company’s allocation of resources toward future growth.
  • Compare historical CIP to spot trends in capital spending.
  • Make more informed decisions regarding the company’s ongoing investments.

• When to Use:

  • Tracking quarterly/annual capital construction trends.
  • Including CIP in financial models for forecasting capital expenditures.
  • Evaluating how construction in progress affects overall cash flows and asset growth.

Syntax and Parameters

Use the Excel formula structure below with MarketXLS:

=hf_Construction_in_Progress(Symbol, year, [quarter], [TTM])

Return Value:
• Returns the numerical value of the Construction In Progress for the specified period if available.
• Returns "NA" if the ticker is invalid, the license is not valid for this function, or if data is unavailable.

Error Handling and Special Cases:

• If the symbol is invalid, the function returns "NA".
• If you do not have an active subscription or license type covering this data, it returns "NA".
• For trailing twelve months ("TTM") queries, ensure the input quarter/year range covers enough data points to calculate the TTM value.

?? Note: Performance might be affected when running multiple historical data calls simultaneously. Consider limiting the frequency of refreshes.

Examples and Usage

Below are some typical examples showcasing different ways to reference symbols and dates:

1. Basic Symbol and Year:

   =hf_Construction_in_Progress("MSFT", 2022)

   Fetches the Construction In Progress amount for Microsoft in 2022 (defaults to quarter 1).

2. Specifying Quarter:

   =hf_Construction_in_Progress("MSFT", 2022, 2)

   Returns the CIP value for the second calendar quarter of 2022.

3. Using TTM:

   =hf_Construction_in_Progress("MSFT", 2022, 3, "TTM")

   Returns the trailing twelve months figure from Q3 2022.

4. Relative Periods:

   =hf_Construction_in_Progress("MSFT", "lq")
   =hf_Construction_in_Progress("MSFT", "ly-1")
   =hf_Construction_in_Progress("MSFT", "lt-1")

   • "lq": Last quarter.
   • "ly-1": Last year, minus one year when used with a dash.
   • "lt-1": Last 12 months, offset by one period.

5. Date Input Variations:

   • Cell reference:

     =hf_Construction_in_Progress(A1, 2024)

   • Direct date (converted via Excel):

     =hf_Construction_in_Progress("MSFT", TEXT(DATE(2024,3,15),"yyyy-mm-dd"))

     (Not typical for this function, but demonstration of possible date usage.)

? Pro Tip: Combine CIP with other historical fundamentals (e.g., revenue or net income) to build a complete financial analysis model in Excel.

Common Questions

1. What if I need monthly data?
   MarketXLS typically provides financial fundamentals on a quarterly or annual basis. For monthly updates, you could explore alternative endpoints or consider a different function.

2. Does this formula account for currency conversions?
   The data is generally reported in the currency of the respective exchange. MarketXLS does not automatically convert currencies in fundamental statements.

3. Why am I seeing "NA" for some quarters or years?
   This can happen if:

   • Data for that period is not published yet.
   • Your license plan doesn’t include this data.
   • The input symbol or parameters are invalid.

4. Can I use it for non-US stocks?
   Yes, if MarketXLS supports the symbol. Check the symbol format (e.g., "NOKIA.HE") and verify your subscription allows international data.

5. Are the values always updated automatically?
   MarketXLS retrieves data from its API. Refresh intervals or real-time updates may vary based on your product licensing.

By leveraging “Construction In Progress (Historical)” in Excel, you unlock a deeper view of a company’s ongoing capital investments. Pair this function with MarketXLS’s other historical fundamentals to gain a thorough understanding of financial health and performance.

?? Note: Always verify the data’s relevance and accuracy. Historical fundamentals may lag or differ slightly from other sources due to reporting timelines and adjustments.