Dorian LPG Ltd (LPG)
Operating return on assets (Operating ROA)
| 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 |
| Total assets | US$ in thousands | 1,837,650 | 1,708,910 | 1,607,360 | 1,581,620 | 1,671,960 |
| Operating ROA | 17.89% | 11.61% | 5.75% | 7.34% | 9.63% |
March 31, 2024 calculation
Operating ROA = Operating income ÷ Total assets
= $328,830K ÷ $1,837,650K
= 17.89%
Dorian LPG Ltd's operating return on assets (operating ROA) has shown an increasing trend over the past five years, reflecting the company's ability to generate operating profits relative to its total assets. The operating ROA increased from 9.63% in 2020 to 17.89% in 2024, indicating improved operational efficiency and profitability.
This upward trend suggests that Dorian LPG Ltd has been effectively utilizing its assets to generate operating income. The significant growth in the operating ROA from 2022 to 2024 demonstrates the company's efforts to increase profitability and efficiency in its operations.
Overall, the rising trend in the operating ROA reflects positively on Dorian LPG Ltd's operational performance and asset utilization, indicating a stronger financial position and potential for continued growth in the future.