Dorian LPG Ltd (LPG)

Inventory turnover

		Mar 31, 2025	Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	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
Cost of revenue (ttm)	US$ in thousands	200,652	198,199	193,435	197,234	195,476	187,278	181,086	169,991	161,703	158,301	159,545	157,993	161,227	164,517	165,355	170,705	168,227	165,624	163,115	155,876
Inventory	US$ in thousands	2,509	2,348	2,431	2,375	2,393	2,573	2,685	2,190	2,642	2,613	2,342	2,190	2,266	2,361	1,780	1,972	2,007	2,130	2,175	2,142
Inventory turnover		79.97	84.41	79.57	83.05	81.69	72.79	67.44	77.62	61.20	60.58	68.12	72.14	71.15	69.68	92.90	86.56	83.82	77.76	75.00	72.77

March 31, 2025 calculation

Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $200,652K ÷ $2,509K
= 79.97

Inventory turnover is a financial ratio that measures how efficiently a company manages its inventory by calculating the number of times inventory is sold and replaced within a given period. For Dorian LPG Ltd, the inventory turnover has shown fluctuations over the quarters from June 30, 2020, to March 31, 2025. The trend indicates an increasing pattern, with some periodic fluctuations.

The inventory turnover ratio started at 72.77 on June 30, 2020, and reached its peak at 92.90 on September 30, 2021, showing an overall improvement in inventory management efficiency during this period. However, the ratio declined to 60.58 on December 31, 2022, before gradually recovering and stabilizing around the range of 70 to 85 in the subsequent periods.

The company's ability to turn over its inventory quickly improved during the initial quarters but faced a slight setback in the following periods. Despite the variations, the inventory turnover ratio generally stayed within a reasonable range, indicating that Dorian LPG Ltd effectively managed its inventory levels to support its operations and sales activities.