Dorian LPG Ltd (LPG)
Operating return on assets (Operating ROA)
| 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 |
| Total assets | US$ in thousands | 1,837,650 | 1,820,340 | 1,784,020 | 1,703,680 | 1,708,910 | 1,530,410 | 1,488,460 | 1,523,450 | 1,607,360 | 1,528,240 | 1,511,600 | 1,564,590 | 1,581,620 | 1,665,040 | 1,674,100 | 1,696,940 | 1,671,960 | 1,657,830 | 1,642,210 | 1,619,110 |
| Operating ROA | 17.89% | 18.14% | 15.55% | 13.21% | 11.61% | 9.94% | 7.87% | 7.10% | 5.75% | 6.62% | 7.97% | 6.83% | 7.34% | 7.18% | 7.14% | 9.62% | 9.63% | 6.48% | 4.57% | 1.57% |
March 31, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $328,830K ÷ $1,837,650K
= 17.89%
Operating Return on Assets (Operating ROA) is a key financial metric that indicates the efficiency of Dorian LPG Ltd in generating profits from its assets used in operations. Looking at the trend of Operating ROA over the past several quarters, we observe fluctuations in the company's performance.
In the most recent quarter, as of March 31, 2024, Dorian LPG Ltd achieved an Operating ROA of 17.89%, showing a slight decrease from the previous quarter's figure of 18.14%. This indicates that the company generated approximately $0.179 in operating income for every $1 of assets utilized for operations during the period.
Over the past few quarters, Dorian LPG Ltd has demonstrated a generally positive trend in operating efficiency, with Operating ROA steadily increasing from 1.57% in June 2019 to a peak of 18.14% in December 2023. However, there have been occasional fluctuations in performance, as seen in the variations in Operating ROA figures quarter by quarter.
The variations in Operating ROA can be influenced by factors such as operational efficiency, asset utilization, profitability, and overall economic conditions affecting the shipping industry in which Dorian LPG Ltd operates. It is essential for investors and stakeholders to monitor this metric closely as it provides insights into the company's ability to generate profits from its operational assets.