Dorian LPG Ltd (LPG)
Pretax 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 280,574 | 277,355 | 228,646 | 172,444 | 172,444 | 131,806 | 97,123 | 90,914 | 71,935 | 80,585 | 99,829 | 86,265 | 92,564 | 77,956 | 77,760 | 117,934 | 111,841 | 66,462 | 24,614 | -24,275 |
| 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 |
| Pretax margin | 50.04% | 50.16% | 46.36% | 40.62% | 44.24% | 39.26% | 32.27% | 31.56% | 26.23% | 27.39% | 31.78% | 28.22% | 29.30% | 25.02% | 25.20% | 34.14% | 33.54% | 24.37% | 10.16% | -12.67% |
March 31, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $280,574K ÷ $560,718K
= 50.04%
The pretax margin of Dorian LPG Ltd has shown varying trends over the past few quarters. It reached its highest level of 50.16% in December 2023 and has been relatively high for several quarters before that. This indicates that the company has been able to effectively control its operating expenses in relation to its revenue before accounting for taxes.
However, there has been some fluctuation in the pretax margin, with a notable dip in March 2023 to 44.24% followed by a further decrease to 40.62% in June 2023. Despite these fluctuations, the company managed to maintain a relatively healthy pretax margin above 30% for most of the quarters in the given period, except for a few exceptions.
Overall, the pretax margin performance of Dorian LPG Ltd suggests that the company has been effectively managing its costs and operating efficiently, though some fluctuations indicate potential areas for improvement in cost control and operational efficiency to sustain profitability in the long term.