Dorian LPG Ltd (LPG)
Fixed asset turnover
| Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 560,718 | 552,961 | 493,218 | 424,488 | 389,749 | 335,738 | 300,976 | 288,095 | 274,222 | 294,182 | 314,101 | 305,724 | 315,938 | 311,556 | 308,515 | 345,430 | 333,431 | 272,696 | 242,371 | 191,554 |
| Property, plant and equipment | US$ in thousands | 1,232,420 | 1,224,030 | 1,238,430 | 1,250,630 | 1,263,980 | 1,220,060 | 1,233,460 | 1,248,250 | 1,254,520 | 1,268,660 | 1,319,230 | 1,334,810 | 1,377,180 | 1,393,450 | 1,409,520 | 1,424,680 | 1,437,840 | 1,447,380 | 1,453,750 | 1,464,080 |
| Fixed asset turnover | 0.45 | 0.45 | 0.40 | 0.34 | 0.31 | 0.28 | 0.24 | 0.23 | 0.22 | 0.23 | 0.24 | 0.23 | 0.23 | 0.22 | 0.22 | 0.24 | 0.23 | 0.19 | 0.17 | 0.13 |
March 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $560,718K ÷ $1,232,420K
= 0.45
The fixed asset turnover ratio for Dorian LPG Ltd has shown a general increasing trend over the past several quarters, indicating an improvement in the company's efficiency in generating revenue from its fixed assets. The ratio has increased from 0.13 in June 2019 to 0.45 in March 2024, suggesting that the company has been utilizing its fixed assets more effectively to generate sales.
It is important to note that the fixed asset turnover ratio measures how efficiently a company is using its fixed assets to generate revenue, with a higher ratio indicating better efficiency. Dorian LPG Ltd's ratio has been relatively stable in recent quarters, hovering around 0.40 to 0.45, which indicates consistent performance in this aspect of the business.
Overall, the increasing trend in Dorian LPG Ltd's fixed asset turnover ratio signifies improved operational efficiency and productivity in terms of utilizing fixed assets to generate sales over the given periods.