Dorian LPG Ltd (LPG)
Operating profit margin
| Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 328,830 | 198,360 | 92,399 | 116,100 | 161,069 |
| Revenue | US$ in thousands | 560,717 | 389,749 | 274,221 | 315,939 | 333,430 |
| Operating profit margin | 58.64% | 50.89% | 33.70% | 36.75% | 48.31% |
March 31, 2024 calculation
Operating profit margin = Operating income ÷ Revenue
= $328,830K ÷ $560,717K
= 58.64%
Dorian LPG Ltd's operating profit margin has shown fluctuations over the past five years. The operating profit margin was highest in March 2024 at 58.64% and lowest in March 2022 at 33.70%. This demonstrates a significant improvement in profitability in the most recent year compared to the prior years. The increasing trend in operating profit margin from 2020 to 2024 suggests improved operational efficiency and cost management within the company. In general, a higher operating profit margin indicates the company's ability to control costs and generate more profit from its core operations.