Dorian LPG Ltd (LPG)
Payables turnover
| Mar 31, 2025 | Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 200,652 | 195,475 | 161,704 | 161,227 | 168,228 |
| Payables | US$ in thousands | — | 10,186 | 9,541 | 9,831 | 9,831 |
| Payables turnover | — | 19.19 | 16.95 | 16.40 | 17.11 |
March 31, 2025 calculation
Payables turnover = Cost of revenue ÷ Payables
= $200,652K ÷ $—K
= —
Dorian LPG Ltd's payables turnover has shown a fluctuating trend over the past few years.
- In March 2021, the payables turnover ratio was 17.11, indicating that the company paid its suppliers approximately 17 times during the year.
- By March 2022, the payables turnover ratio had decreased to 16.40, suggesting that the company took slightly longer to pay its suppliers compared to the previous year.
- In March 2023, the ratio improved to 16.95, signaling a better performance in managing its payables.
- By March 2024, the payables turnover ratio further increased to 19.19, indicating that the company was paying its suppliers more frequently compared to the previous year.
However, it is important to note that data is not available for March 2025, so the trend for that year is not known.
Overall, while there have been fluctuations in the payables turnover ratio for Dorian LPG Ltd, the Company appears to have managed its payables effectively, with the ratio generally showing an increasing trend over the analyzed period.