Dorian LPG Ltd (LPG)
Net 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 307,447 | 304,228 | 255,519 | 199,317 | 172,444 | 133,900 | 99,217 | 93,008 | 74,029 | 82,843 | 102,087 | 88,523 | 94,822 | 98,302 | 98,106 | 138,280 | 132,187 | 78,625 | 26,777 | -32,265 |
| 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 |
| Net profit margin | 54.83% | 55.02% | 51.81% | 46.95% | 44.24% | 39.88% | 32.97% | 32.28% | 27.00% | 28.16% | 32.50% | 28.96% | 30.01% | 31.55% | 31.80% | 40.03% | 39.64% | 28.83% | 11.05% | -16.84% |
March 31, 2024 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $307,447K ÷ $560,718K
= 54.83%
Dorian LPG Ltd's net profit margin has shown fluctuations over the past few quarters. The margin was relatively stable and strong in the range of 50% to 55% in 2023, indicating efficient cost management and profitability. However, there was a noticeable decline in the margin in the first quarter of 2024 to 54.83%. This could be a cause for concern as it represents a decrease in profitability compared to the previous quarter.
Looking further back, there was a significant improvement in net profit margins throughout 2022, reaching as high as 32.97% in the third quarter. The margins continued to increase in 2021, hitting a peak of 32.50% in the third quarter before declining slightly. In 2020, the net profit margin remained relatively stable around the 30% mark.
The most notable observation is the sharp decline in net profit margin in the fourth quarter of 2019, where it dropped to -16.84%, indicating a significant loss. However, the company managed to turn this around in subsequent quarters, showing a strong recovery in profitability.
Overall, the net profit margin trend for Dorian LPG Ltd demonstrates a fluctuating performance in recent quarters, with periods of both strong profitability and fluctuations that may require further investigation into the company's operational efficiency and cost management.