Dorian LPG Ltd (LPG)
Gross profit margin
| Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 402,605 | 289,523 | 173,034 | 207,489 | 239,395 |
| Revenue | US$ in thousands | 560,717 | 389,749 | 274,221 | 315,939 | 333,430 |
| Gross profit margin | 71.80% | 74.28% | 63.10% | 65.67% | 71.80% |
March 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $402,605K ÷ $560,717K
= 71.80%
The gross profit margin of Dorian LPG Ltd has shown fluctuations over the past five years. It was at 71.80% in both March 31, 2024, and March 31, 2020, indicating stability in that period. In March 31, 2023, the gross profit margin was slightly higher at 74.28%, possibly indicating stronger profitability. However, there was a significant decrease in March 31, 2022, with the gross profit margin dropping to 63.10%, which might suggest challenges in managing costs or pricing strategies. By March 31, 2021, the gross profit margin had recovered to 65.67%.
Overall, the trend in Dorian LPG Ltd's gross profit margin suggests a fluctuating performance in managing production costs and pricing strategies over the past five years. Further analysis, considering other financial metrics and industry benchmarks, would be beneficial to gain a more comprehensive understanding of the company's financial health and operational efficiency.