Dorian LPG Ltd (LPG)
Gross profit margin
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 416,583 | 408,826 | 379,546 | 351,594 | 317,506 | 263,495 | 228,953 | 214,064 | 200,232 | 220,192 | 239,996 | 234,625 | 241,828 | 237,446 | 235,459 | 273,120 | 266,311 | 205,576 | 167,646 | 115,297 |
| 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 |
| Gross profit margin | 74.29% | 73.93% | 76.95% | 82.83% | 81.46% | 78.48% | 76.07% | 74.30% | 73.02% | 74.85% | 76.41% | 76.74% | 76.54% | 76.21% | 76.32% | 79.07% | 79.87% | 75.39% | 69.17% | 60.19% |
March 31, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $416,583K ÷ $560,718K
= 74.29%
The gross profit margin of Dorian LPG Ltd has displayed variability over the past few quarters. The trend shows a general decline in the gross profit margin from the highs of around 82.83% in June 2023 to the lows of around 60.19% in June 2019, before beginning to recover.
In recent quarters, there has been some volatility, with fluctuations between 73% and 77%. The margin reached its peak at 76.95% in September 2023 but slightly decreased to 73.93% by the end of December 2023.
Overall, it is important for Dorian LPG Ltd to continue monitoring and managing its cost of goods sold to sustain and potentially improve the gross profit margin in the future.