Dorian LPG Ltd (LPG)
Return on total capital
| 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 interest and tax (EBIT) (ttm) | US$ in thousands | 104,587 | 194,737 | 274,541 | 342,502 | 336,784 | 331,867 | 281,717 | 227,198 | 210,248 | 168,846 | 132,939 | 120,290 | 99,003 | 104,962 | 122,881 | 110,424 | 120,160 | 104,371 | 104,218 | 146,281 |
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 1,046,110 | 1,068,510 | 1,088,250 | 1,119,860 | 1,023,530 | 984,058 | 923,309 | 844,349 | 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 |
| Return on total capital | 10.00% | 18.23% | 25.23% | 30.58% | 32.90% | 33.72% | 30.51% | 26.91% | 24.06% | 20.16% | 16.11% | 14.25% | 10.76% | 11.36% | 13.55% | 11.77% | 12.69% | 10.28% | 10.53% | 14.78% |
March 31, 2025 calculation
Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $104,587K ÷ ($—K + $1,046,110K)
= 10.00%
The return on total capital of Dorian LPG Ltd has shown fluctuations over the analyzed period. It started at 14.78% in June 2020 and gradually declined to 10.28% by December 2020. However, there was a slight increase in the following quarters, reaching 12.69% by March 2021.
Subsequently, the return on total capital fluctuated around the range of 10-14% until September 2022, when it started to show a more significant upward trend. From September 2022 to June 2023, there was substantial growth in the return on total capital, reaching a peak of 33.72% by December 2023.
However, the return on total capital began to decline from March 2024 onwards, dropping to 10.00% by March 2025. Overall, the return on total capital of Dorian LPG Ltd displayed variability during the period under review, with periods of both growth and decline in the company's ability to generate returns from its total capital employed.