Dorian LPG Ltd (LPG)
Return on assets (ROA)
| Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 307,447 | 172,444 | 71,935 | 92,565 | 111,841 |
| Total assets | US$ in thousands | 1,837,650 | 1,708,910 | 1,607,360 | 1,581,620 | 1,671,960 |
| ROA | 16.73% | 10.09% | 4.48% | 5.85% | 6.69% |
March 31, 2024 calculation
ROA = Net income ÷ Total assets
= $307,447K ÷ $1,837,650K
= 16.73%
The Return on Assets (ROA) of Dorian LPG Ltd has shown a positive trend over the past five years. In fiscal year 2024, the ROA increased significantly to 16.73%, marking a strong performance compared to the previous year's ROA of 10.09%. This improvement indicates that the company is generating a higher level of profit from its assets in the most recent fiscal year.
Looking further back, the ROA has demonstrated steady growth since fiscal year 2020 when it was 6.69%. This consistent improvement suggests that Dorian LPG Ltd has been effectively utilizing its assets to generate profits over the years. Notably, the ROA more than doubled from fiscal year 2020 to fiscal year 2024, reflecting the company's increasing efficiency in asset utilization.
Overall, the upward trend in ROA for Dorian LPG Ltd indicates that the company has been successful in enhancing its profitability in relation to its total assets. This positive performance bodes well for the company's financial health and operational efficiency.