Diesel & Motor Engineering (COL:DIMO.N0000) Receivables Turnover : 1.01 (As of Dec. 2024)

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What is Diesel & Motor Engineering Receivables Turnover?

The Receivables Turnover ratio measures the number of times a company collects its average accounts receivable balance. It is calculated as Revenue divided by average Accounts Receivable. An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. Diesel & Motor Engineering's Revenue for the three months ended in Dec. 2024 was රු14,484 Mil. Diesel & Motor Engineering's average Accounts Receivable for the three months ended in Dec. 2024 was රු14,319 Mil. Hence, Diesel & Motor Engineering's Receivables Turnover for the three months ended in Dec. 2024 was 1.01.

Diesel & Motor Engineering Receivables Turnover Historical Data

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

Diesel & Motor Engineering Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

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4.53

3.75

4.48

4.78

5.00

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
Receivables Turnover	Get a 7-Day Free Trial															1.41	0.63	0.82	0.87	1.01

Competitive Comparison of Diesel & Motor Engineering's Receivables Turnover

For the Auto & Truck Dealerships subindustry, Diesel & Motor Engineering's Receivables Turnover, along with its competitors' market caps and Receivables Turnover data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Diesel & Motor Engineering's Receivables Turnover Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Diesel & Motor Engineering's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Diesel & Motor Engineering's Receivables Turnover falls into.

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Diesel & Motor Engineering Receivables Turnover Calculation

Receivables Turnover measures the number of times a company collects its average accounts receivable balance.

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

	Receivables Turnover (A: Mar. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Mar. 2024 )	/ (	(Accounts Receivable (A: Mar. 2023 )	+	Accounts Receivable (A: Mar. 2024 ))	/	count )
=	43644.295	/ (	(6289.813	+	11174.838)	/	2 )
=	43644.295	/	8732.3255
=	5.00

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

	Receivables Turnover (Q: Dec. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2024 )	/ (	(Accounts Receivable (Q: Sep. 2024 )	+	Accounts Receivable (Q: Dec. 2024 ))	/	count )
=	14484.165	/ (	(13229.782	+	15407.533)	/	2 )
=	14484.165	/	14318.6575
=	1.01

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

An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. This metric is commonly used to compare companies within the same industry to check whether they are on par with their competitors.

Diesel & Motor Engineering Receivables Turnover Related Terms

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Diesel & Motor Engineering Business Description

Industry

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

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Traded in Other Exchanges

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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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