Dorian LPG Ltd (LPG)
Return on equity (ROE)
| 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 stockholders’ equity | US$ in thousands | 1,023,530 | 984,058 | 923,309 | 885,609 | 873,846 | 837,327 | 825,369 | 844,349 | 920,151 | 924,191 | 906,949 | 938,548 | 946,825 | 1,015,770 | 989,591 | 989,953 | 977,052 | 982,025 | 954,372 | 919,080 |
| ROE | 30.04% | 30.92% | 27.67% | 22.51% | 19.73% | 15.99% | 12.02% | 11.02% | 8.05% | 8.96% | 11.26% | 9.43% | 10.01% | 9.68% | 9.91% | 13.97% | 13.53% | 8.01% | 2.81% | -3.51% |
March 31, 2024 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $307,447K ÷ $1,023,530K
= 30.04%
Dorian LPG Ltd's return on equity (ROE) has shown a fluctuating trend over the past several quarters. The company experienced a significant improvement in its ROE from 8.01% in March 2020 to 30.04% in March 2024. This improvement indicates that the company has been effectively utilizing its equity to generate profits for its shareholders.
The upward trend in ROE suggests that Dorian LPG Ltd has been able to enhance its profitability and efficiency in the recent quarters. This is a positive indicator for investors as it signifies the company's ability to generate higher returns on the shareholder's equity.
It is important to note the variability in ROE over time, which may be influenced by factors such as changes in the company's financial structure, profitability, and overall market conditions. Investors and stakeholders should continue to monitor Dorian LPG Ltd's ROE and assess the factors driving the changes to make informed decisions regarding the company's financial performance and prospects.