Diesel & Motor Engineering (COL:DIMO.N0000) Inventory Turnover : 1.04 (As of Dec. 2024)

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What is Diesel & Motor Engineering Inventory Turnover?

Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. Diesel & Motor Engineering's Cost of Goods Sold for the three months ended in Dec. 2024 was රු11,227 Mil. Diesel & Motor Engineering's Average Total Inventories for the quarter that ended in Dec. 2024 was රු10,790 Mil. Diesel & Motor Engineering's Inventory Turnover for the quarter that ended in Dec. 2024 was 1.04.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Diesel & Motor Engineering's Days Inventory for the three months ended in Dec. 2024 was 87.70.

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. Diesel & Motor Engineering's Inventory-to-Revenue for the quarter that ended in Dec. 2024 was 0.74.

Diesel & Motor Engineering Inventory Turnover Historical Data

The historical data trend for Diesel & Motor Engineering's Inventory Turnover 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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Diesel & Motor Engineering Inventory Turnover Chart

Diesel & Motor Engineering Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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3.31

3.29

3.46

2.28

3.23

Diesel & Motor Engineering Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Inventory Turnover	Get a 7-Day Free Trial															1.17	0.58	0.81	0.83	1.04

Diesel & Motor Engineering Inventory Turnover Calculation

Diesel & Motor Engineering's Inventory Turnover for the fiscal year that ended in Mar. 2024 is calculated as

	Inventory Turnover (A: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Mar. 2024 )	/ (	(Total Inventories (A: Mar. 2023 )	+	Total Inventories (A: Mar. 2024 ))	/	count )
=	31790.151	/ (	(9978.466	+	9717.071)	/	2 )
=	31790.151	/	9847.7685
=	3.23

Diesel & Motor Engineering's Inventory Turnover for the quarter that ended in Dec. 2024 is calculated as

	Inventory Turnover (Q: Dec. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2024 )	/ (	(Total Inventories (Q: Sep. 2024 )	+	Total Inventories (Q: Dec. 2024 ))	/	count )
=	11227.426	/ (	(11141.946	+	10438.508)	/	2 )
=	11227.426	/	10790.227
=	1.04

Diesel & Motor Engineering (COL:DIMO.N0000) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Diesel & Motor Engineering's Days Inventory for the three months ended in Dec. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2024 )	/	Cost of Goods Sold (Q: Dec. 2024 )	*	Days in Period
	=	10790.227	/	11227.426	*	365 / 4
	=	87.70

2. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

Diesel & Motor Engineering's Inventory to Revenue for the quarter that ended in Dec. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2024 )	/	Revenue (Q: Dec. 2024 )
	=	10790.227	/	14484.165
	=	0.74

Be Aware

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.

Diesel & Motor Engineering Inventory Turnover Related Terms

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Diesel & Motor Engineering Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Diesel & Motor Engineering PLC (COL:DIMO.N0000) » Definitions » Inventory Turnover

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Address

No. 65, Jetawana Road, P.O. Box 339, Colombo, LKA, 14

Website

https://www.dimolanka.com

Diesel & Motor Engineering PLC is a diversified conglomerate in Sri Lanka. Its business operates in various segments that include Vehicle sales, Automotive Engineering Solutions, Retail, Infrastructure Engineering, Agriculture, Healthcare, and Power Engineering & Building Services. The company generates the majority of its revenue from the Agriculture segment. The agriculture segment is engaged in the Import, processing, and distribution of fertilizer, seeds, agrochemical & plant nutrients, agri machinery, value-added organic food (fruits, vegetables, virgin coconut oil) products for export and local markets, trading of coconut-based products, R&D technoparks, agri advisory services, agriculture pipes, advance agri technologies including micro-irrigation & greenhouse projects.

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