Dorian LPG Ltd (LPG)

The cash conversion cycle of Dorian LPG Ltd has shown fluctuations over the past five years. In the most recent fiscal year ended March 31, 2024, the company's cash conversion cycle decreased significantly to 16.52 days compared to the previous year's 41.77 days. This indicates an improvement in the company's management of its working capital and efficiency in converting inventory and receivables into cash.

In the fiscal year ended March 31, 2023, the cash conversion cycle was relatively higher at 41.77 days, suggesting a slower conversion of inventory and receivables into cash compared to the more recent years. The trend continued in the fiscal year ended March 31, 2022, with a cash conversion cycle of 51.81 days, indicating a prolonged period for the company to convert its resources into cash.

In the fiscal year ended March 31, 2021, there was a slight improvement as the cash conversion cycle decreased to 38.82 days, though still higher than the current year's performance. In the fiscal year ended March 31, 2020, the cash conversion cycle was 29.22 days, showing a trend of improvement prior to the recent year.

Overall, the company has made significant strides in enhancing its efficiency in managing working capital over the years, as evidenced by the declining trend in the cash conversion cycle. This improvement may indicate better inventory management, faster collection of receivables, or more effective cash management practices within Dorian LPG Ltd.