Diesel & Motor Engineering (COL:DIMO.N0000) Days Payable : 9.20 (As of Dec. 2023)

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What is Diesel & Motor Engineering Days Payable?

Diesel & Motor Engineering's average Accounts Payable for the three months ended in Dec. 2023 was රු1,221 Mil. Diesel & Motor Engineering's Cost of Goods Sold for the three months ended in Dec. 2023 was රු12,106 Mil. Hence, Diesel & Motor Engineering's Days Payable for the three months ended in Dec. 2023 was 9.20.

The historical rank and industry rank for Diesel & Motor Engineering's Days Payable or its related term are showing as below:

COL:DIMO.N0000' s Days Payable Range Over the Past 10 Years
Min: 16.47 Med: 27.28 Max: 84.57
Current: 19.16

During the past 13 years, Diesel & Motor Engineering's highest Days Payable was 84.57. The lowest was 16.47. And the median was 27.28.

COL:DIMO.N0000's Days Payable is ranked worse than
92.53% of 1259 companies
in the Vehicles & Parts industry
Industry Median: 65.85 vs COL:DIMO.N0000: 19.16

Diesel & Motor Engineering's Days Payable declined from Dec. 2022 (35.90) to Dec. 2023 (9.20). It may suggest that Diesel & Motor Engineering accelerated paying its suppliers.

Diesel & Motor Engineering Days Payable Historical Data

The historical data trend for Diesel & Motor Engineering's Days Payable 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 Days Payable Chart

Diesel & Motor Engineering Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

Get a 7-Day Free Trial

28.93

30.40

59.53

84.57

78.03

Diesel & Motor Engineering Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															35.90	30.32	25.41	19.54	9.20

Competitive Comparison of Diesel & Motor Engineering's Days Payable

For the Auto & Truck Dealerships subindustry, Diesel & Motor Engineering's Days Payable, along with its competitors' market caps and Days Payable 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 Days Payable Distribution in the Vehicles & Parts Industry

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

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

Diesel & Motor Engineering Days Payable Calculation

Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

Diesel & Motor Engineering's Days Payable for the fiscal year that ended in Mar. 2023 is calculated as

	Days Payable (A: Mar. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Mar. 2022 )	+	Accounts Payable (A: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2023 )	*	Days in Period
=	( (7793.051	+	1506.933)	/	2 )	/	21750.718	*	365
=	4649.992					/	21750.718	*	365
=	78.03

Diesel & Motor Engineering's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (1145.614	+	1296.649)	/	2 )	/	12105.7	*	365 / 4
=	1221.1315					/	12105.7	*	365 / 4
=	9.20

Diesel & Motor Engineering Days Payable Related Terms

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Diesel & Motor Engineering (COL:DIMO.N0000) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

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

Website

https://www.dimolanka.com

Diesel & Motor Engineering PLC is involved in the auto and truck business sector. Its business operates in various segments that include Vehicles, After sale services, Retail, Construction and logistical solutions, Agriculture, and Engineering solutions. The Vehicle-sales segment which generates maximum revenue for the company, is engaged in the sale of brand new passenger vehicles, commercial vehicles, special purpose vehicles, and pre-owned passenger vehicles. It provides its services to various industries that include agriculture, building, construction, mining, and medical engineering.

Diesel & Motor Engineering (COL:DIMO.N0000) Headlines

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