Dorian LPG Ltd (LPG)
Total 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 |
| Total assets | US$ in thousands | 1,837,650 | 1,820,340 | 1,784,020 | 1,703,680 | 1,708,910 | 1,530,410 | 1,488,460 | 1,523,450 | 1,607,360 | 1,528,240 | 1,511,600 | 1,564,590 | 1,581,620 | 1,665,040 | 1,674,100 | 1,696,940 | 1,671,960 | 1,657,830 | 1,642,210 | 1,619,110 |
| Total asset turnover | 0.31 | 0.30 | 0.28 | 0.25 | 0.23 | 0.22 | 0.20 | 0.19 | 0.17 | 0.19 | 0.21 | 0.20 | 0.20 | 0.19 | 0.18 | 0.20 | 0.20 | 0.16 | 0.15 | 0.12 |
March 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $560,718K ÷ $1,837,650K
= 0.31
The total asset turnover ratio for Dorian LPG Ltd has shown fluctuating trends over the past few quarters. The ratio measures the efficiency of the company in generating sales revenue from its total assets.
In the most recent quarter ending March 31, 2024, the total asset turnover ratio was 0.31, indicating that the company generated $0.31 in sales for every $1 of total assets. This represents an improvement from the previous quarter and demonstrates the company's ability to utilize its assets more efficiently to drive sales.
Looking at the historical data, the total asset turnover ratio has generally been increasing over the past few quarters, with some fluctuations. This can be interpreted positively as it suggests that Dorian LPG Ltd has been improving its effectiveness in generating revenue from its asset base.
However, the ratio saw a dip in the middle of the observed period, around the second and third quarters of 2022, but has since rebounded and has been on an upward trend. This could potentially indicate better asset management and utilization by the company in recent quarters.
Overall, the improving trend in the total asset turnover ratio suggests that Dorian LPG Ltd has been making strides in using its assets more efficiently to drive sales growth. This is a positive indicator of the company's operational performance and management effectiveness.