Dorian LPG Ltd (LPG)
Total asset turnover
| Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 560,717 | 389,749 | 274,221 | 315,939 | 333,430 |
| Total assets | US$ in thousands | 1,837,650 | 1,708,910 | 1,607,360 | 1,581,620 | 1,671,960 |
| Total asset turnover | 0.31 | 0.23 | 0.17 | 0.20 | 0.20 |
March 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $560,717K ÷ $1,837,650K
= 0.31
Dorian LPG Ltd's total asset turnover has shown an improving trend over the past five years. The company's ability to generate sales from its total assets has been increasing steadily, with a ratio of 0.31 in 2024 compared to 0.23 in 2023, 0.17 in 2022, and 0.20 in both 2021 and 2020. This indicates that the company has been more efficient in utilizing its assets to generate revenue. An increasing total asset turnover ratio is generally considered positive as it reflects improved asset utilization efficiency within the company. This trend suggests that Dorian LPG Ltd is managing its assets effectively to drive sales growth and maximize returns.