Dorian LPG Ltd (LPG)
Return on equity (ROE)
| 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 stockholders’ equity | US$ in thousands | 1,023,530 | 873,846 | 920,151 | 946,825 | 977,052 |
| ROE | 30.04% | 19.73% | 7.82% | 9.78% | 11.45% |
March 31, 2024 calculation
ROE = Net income ÷ Total stockholders’ equity
= $307,447K ÷ $1,023,530K
= 30.04%
Dorian LPG Ltd's return on equity (ROE) has shown a positive trend over the past five years, increasing from 11.45% in 2020 to 30.04% in 2024. This improvement indicates that the company is effectively generating a higher return for its shareholders' equity investment. The significant growth in ROE suggests that Dorian LPG Ltd is efficiently utilizing its shareholders' equity to generate profits. The company's ROE has outperformed its historical averages, reflecting improved profitability and efficiency in utilizing equity financing. Overall, the upward trend in ROE demonstrates Dorian LPG Ltd's ability to generate increasing returns for its shareholders over the years.