Dorian LPG Ltd (LPG)
Receivables 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 353,341 | 418,845 | 501,243 | 563,508 | 560,718 | 552,961 | 493,218 | 424,488 | 389,749 | 335,698 | 300,976 | 288,095 | 274,222 | 294,222 | 314,101 | 305,724 | 315,938 | 311,556 | 308,515 | 345,430 |
| Receivables | US$ in thousands | 1,357 | 74,606 | 1,034 | 79,970 | 53,013 | 113,341 | 66,996 | 72,111 | 76,352 | 86,212 | 55,474 | 62,453 | 58,636 | 47,488 | 30,153 | 43,880 | 56,394 | 76,000 | 55,378 | 48,414 |
| Receivables turnover | 260.38 | 5.61 | 484.76 | 7.05 | 10.58 | 4.88 | 7.36 | 5.89 | 5.10 | 3.89 | 5.43 | 4.61 | 4.68 | 6.20 | 10.42 | 6.97 | 5.60 | 4.10 | 5.57 | 7.13 |
March 31, 2025 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $353,341K ÷ $1,357K
= 260.38
The analysis of Dorian LPG Ltd's receivables turnover reveals fluctuations in the efficiency of the company in collecting outstanding receivables over the past few years.
The receivables turnover ratio indicates the number of times a company collects its accounts receivable during a specific period. A higher turnover ratio suggests that the company is collecting receivables more efficiently.
Looking at the data provided, we observe fluctuations in the receivables turnover ratio of Dorian LPG Ltd. The ratio ranged from a low of 3.89 on December 31, 2022, to a high of 484.76 on September 30, 2024. Such extreme outliers may be due to anomalies, errors, or specific events impacting the receivables collection process.
While some fluctuations in receivables turnover are expected due to seasonality or changes in business operations, extreme values like those seen on September 30, 2024, and March 31, 2025, should be carefully reviewed and investigated for potential data inaccuracies or unusual circumstances.
Overall, a consistent and stable trend in receivables turnover is ideal, indicating efficient management of accounts receivable. Monitoring and analyzing the receivables turnover ratio over time can provide valuable insights into the financial health and operational efficiency of Dorian LPG Ltd.