Dorian LPG Ltd (LPG)

Operating 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
Operating income (ttm)	US$ in thousands	328,830	330,233	277,386	225,036	198,361	152,056	117,113	108,090	92,399	101,213	120,538	106,837	116,101	119,581	119,464	163,316	161,069	107,507	75,061	25,476
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
Operating profit margin		58.64%	59.72%	56.24%	53.01%	50.89%	45.29%	38.91%	37.52%	33.69%	34.40%	38.38%	34.95%	36.75%	38.38%	38.72%	47.28%	48.31%	39.42%	30.97%	13.30%

March 31, 2024 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $328,830K ÷ $560,718K
= 58.64%

The operating profit margin of Dorian LPG Ltd has displayed fluctuations over the periods indicated. The company's operating profit margin has generally been solid, ranging from a low of 13.30% to a high of 59.72%.

In recent periods, there has been a positive trend in the operating profit margin, with a notable increase from 45.29% in December 2022 to 58.64% in March 2024. This improvement indicates that the company has been more efficient in generating profits from its operations.

Overall, Dorian LPG Ltd has shown a strong ability to generate profits from its core business activities, with a consistent operating profit margin above 30% in most periods. Management should continue to focus on maintaining or improving the operating efficiency of the company to sustain profitability in the long term.