Dorian LPG Ltd (LPG)
Return on assets (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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 307,447 | 304,228 | 255,519 | 199,317 | 172,444 | 133,900 | 99,217 | 93,008 | 74,029 | 82,843 | 102,087 | 88,523 | 94,822 | 98,302 | 98,106 | 138,280 | 132,187 | 78,625 | 26,777 | -32,265 |
| 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 |
| ROA | 16.73% | 16.71% | 14.32% | 11.70% | 10.09% | 8.75% | 6.67% | 6.11% | 4.61% | 5.42% | 6.75% | 5.66% | 6.00% | 5.90% | 5.86% | 8.15% | 7.91% | 4.74% | 1.63% | -1.99% |
March 31, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $307,447K ÷ $1,837,650K
= 16.73%
The Return on Assets (ROA) for Dorian LPG Ltd has shown a positive trend over the last few quarters, indicating an improvement in the company's efficiency in generating profits from its assets. The ROA increased from -1.99% in December 2019 to 16.73% in March 2024. This consistent growth suggests that the company has been effectively managing its assets to generate higher returns for its shareholders. The significant improvement in ROA reflects positively on the company's operational performance and effectiveness in utilizing its assets to generate profits. However, it is important to closely monitor this trend to ensure continued sustainable growth in profitability.