Dorian LPG Ltd (LPG)
Pretax margin
| Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 90,171 | 161,319 | 239,930 | 307,014 | 307,447 | 304,228 | 255,519 | 199,317 | 172,444 | 131,806 | 97,123 | 90,914 | 71,935 | 80,585 | 99,829 | 86,265 | 92,564 | 77,956 | 77,760 | 117,934 |
| Revenue (ttm) | US$ in thousands | 353,341 | 418,845 | 501,243 | 563,508 | 560,718 | 552,961 | 493,218 | 424,488 | 389,749 | 335,698 | 300,976 | 288,095 | 274,222 | 294,222 | 314,101 | 305,724 | 315,938 | 311,556 | 308,515 | 345,430 |
| Pretax margin | 25.52% | 38.52% | 47.87% | 54.48% | 54.83% | 55.02% | 51.81% | 46.95% | 44.24% | 39.26% | 32.27% | 31.56% | 26.23% | 27.39% | 31.78% | 28.22% | 29.30% | 25.02% | 25.20% | 34.14% |
March 31, 2025 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $90,171K ÷ $353,341K
= 25.52%
Dorian LPG Ltd's pretax margin has demonstrated some fluctuation over the past few years. As of March 31, 2025, the pretax margin stands at 25.52%. This indicates that for every dollar of revenue generated by the company, 25.52 cents are retained as pretax profit.
Looking at the trend, the pretax margin started at 34.14% on June 30, 2020, showing a strong profitability level. There was a decline to 25.20% by September 30, 2020, which continued into December 31, 2020, at 25.02%. The margin improved to 29.30% by March 31, 2021, but then dipped slightly to 28.22% by June 30, 2021.
The pretax margin saw fluctuations in the subsequent periods, with some periods showing an upward trend (e.g., 51.81% on September 30, 2023), while others showed a decrease (e.g., 25.52% on March 31, 2025).
Overall, the variations in Dorian LPG Ltd's pretax margin suggest changes in the company's cost structure, revenue generation, and efficiency in managing expenses. Further analysis of the factors impacting these fluctuations would provide deeper insights into the company's financial performance.