Dorian LPG Ltd (LPG)
Pretax margin
| Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 307,447 | 71,935 | 92,565 | 111,841 | -50,946 |
| Revenue | US$ in thousands | 560,717 | 389,749 | 274,221 | 315,939 | 333,430 |
| Pretax margin | 54.83% | 18.46% | 33.76% | 35.40% | -15.28% |
March 31, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $307,447K ÷ $560,717K
= 54.83%
Dorian LPG Ltd's pretax margin has shown significant fluctuations over the past five years. The company achieved a high pretax margin of 54.83% in the most recent year, March 31, 2024, indicating a substantial profitability level before accounting for taxes. This represents a significant improvement compared to the prior year, where the pretax margin was 18.46%.
In the fiscal year ending March 31, 2022, the pretax margin was 33.76%, reflecting a lower profitability level compared to the most recent year. However, there was a notable increase in profitability in the fiscal year ending March 31, 2021, with a pretax margin of 35.40%.
The company experienced a significant decline in profitability in the fiscal year ending March 31, 2020, with a negative pretax margin of -15.28%, indicating that the company incurred losses before accounting for taxes in that particular year.
Overall, the trend in Dorian LPG Ltd's pretax margin demonstrates volatility in profitability levels over the past five years, with a notable improvement in the most recent year but fluctuations in the preceding years.