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Return-on-Tangible-Asset is calculated as Net Income divided by its average total tangible assets. Total tangible assets equals to Total Assets minus Intangible Assets. Dorian LPG's annualized Net Income for the quarter that ended in Dec. 2023 was $399.9 Mil. Dorian LPG's average total tangible assets for the quarter that ended in Dec. 2023 was $1,802.2 Mil. Therefore, Dorian LPG's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2023 was 22.19%.
The historical rank and industry rank for Dorian LPG's Return-on-Tangible-Asset or its related term are showing as below:
During the past 10 years, Dorian LPG's highest Return-on-Tangible-Asset was 17.80%. The lowest was -3.03%. And the median was 3.56%.
The historical data trend for Dorian LPG's Return-on-Tangible-Asset can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Dorian LPG Annual Data | |||||||||||||||||||||
Trend | Mar14 | Mar15 | Mar16 | Mar17 | Mar18 | Mar19 | Mar20 | Mar21 | Mar22 | Mar23 | |||||||||||
Return-on-Tangible-Asset | Get a 7-Day Free Trial | -3.03 | 6.78 | 5.69 | 4.51 | 10.40 |
Dorian LPG Quarterly Data | ||||||||||||||||||||
Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | |
Return-on-Tangible-Asset | Get a 7-Day Free Trial | 13.58 | 18.77 | 12.12 | 17.55 | 22.19 |
For the Oil & Gas Midstream subindustry, Dorian LPG's Return-on-Tangible-Asset, along with its competitors' market caps and Return-on-Tangible-Asset data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
For the Oil & Gas industry and Energy sector, Dorian LPG's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Dorian LPG's Return-on-Tangible-Asset falls into.
Dorian LPG's annualized Return-on-Tangible-Asset for the fiscal year that ended in Mar. 2023 is calculated as:
Return-on-Tangible-Asset | = | Net Income | / | ( (Total Tangible Assets | + | Total Tangible Assets) | / count ) |
(A: Mar. 2023 ) | (A: Mar. 2022 ) | (A: Mar. 2023 ) | |||||
= | Net Income | / | ( (Total Assets - Intangible Assets | + | Total Assets - Intangible Assets) | / count ) | |
(A: Mar. 2023 ) | (A: Mar. 2022 ) | (A: Mar. 2023 ) | |||||
= | 172.444 | / | ( (1607.362 | + | 1708.914) | / 2 ) | |
= | 172.444 | / | 1658.138 | ||||
= | 10.40 % |
Dorian LPG's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2023 is calculated as:
Return-on-Tangible-Asset | = | Net Income | / | ( (Total Tangible Assets | + | Total Tangible Assets) | / count ) |
(Q: Dec. 2023 ) | (Q: Sep. 2023 ) | (Q: Dec. 2023 ) | |||||
= | Net Income | / | ( (Total Assets - Intangible Assets | + | Total Assets - Intangible Assets) | / count ) | |
(Q: Dec. 2023 ) | (Q: Sep. 2023 ) | (Q: Dec. 2023 ) | |||||
= | 399.892 | / | ( (1784.025 | + | 1820.336) | / 2 ) | |
= | 399.892 | / | 1802.1805 | ||||
= | 22.19 % |
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
In the calculation of annual Return-on-Tangible-Asset, the net income of the last fiscal year and the average total tangible assets over the fiscal year are used. In calculating the quarterly data, the Net Income data used here is four times the quarterly (Dec. 2023) net income data.
Dorian LPG (NYSE:LPG) Return-on-Tangible-Asset Explanation
Return-on-Tangible-Asset measures the rate of return on the average total tangible assets (total assets minus intangible assets). Tangible means physical in nature. Intangible Assets are assets that are not physical in nature, and typically "derive their value from legal or intellectual rights." Return-on-Tangible-Asset measures a firm's efficiency at generating profits from its tangible assets. It shows how well a company uses what it has to generate earnings. Return-on-Tangible-Assets can vary drastically across industries. Therefore, Return-on-Tangible-Asset should not be used to compare companies in different industries.
Be Aware
Like ROE and ROA, Return-on-Tangible-Asset is calculated with only 12 months data. Fluctuations in the companys earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. Return-on-Tangible-Asset can be affected by events such as stock buyback or issuance, and by a companys tax rate and its interest payment. Return-on-Tangible-Asset may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).
Many analysts argue the higher return the better. Buffett states that really high Return-on-Tangible-Asset may indicate vulnerability in the durability of the competitive advantage.
Thank you for viewing the detailed overview of Dorian LPG's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
John C Hadjipateras | director, officer: Chief Executive Officer | C/O DORIAN LPG (USA) LLC, 27 SIGNAL ROAD, STAMFORD CT 06902 |
Christina Tan | director | 1453 FAIRFIELD BEACH ROAD, FAIRFIELD CT 06824 |
Theodore B. Young | officer: Chief Financial Officer | C/O DORIAN LPG (USA) LLC, 27 SIGNAL ROAD, STAMFORD CT 06902 |
Alexander C. Hadjipateras | officer: EVP at Dorian LPG (USA) LLC | C/O DORIAN LPG (USA) LLC, 27 SIGNAL ROAD, STAMFORD CT 06902 |
Tim Truels Hansen | officer: Chief Commercial Officer | STRANDHOLMS ALLE 23, HVIDOVRE G7 2650 |
John Lycouris | director, officer: CEO of Dorian LPG (USA) LLC | C/O DORIAN LPG (USA) LLC, 27 SIGNAL ROAD, STAMFORD CT 06902 |
Thomas Jason Coleman | director | C/O KENSICO CAPITAL MANAGEMENT, 55 RAILROAD AVENUE, 2ND FLOOR, GREENWICH CT 06830 |
Marit Lunde | director | 27 SIGNAL ROAD, STAMFORD CT 06902 |
Ted Kalborg | director | C/O TUFTON OCEANIC LIMITED, ALBEMARLE HOUSE, 1, ALBEMARLE STREET, LONDON X0 SW1 4HA |
Bw Group Ltd | 10 percent owner | MAPLETREE BUSINESS CITY, #18-01;, 10 PASIR PANJANG ROAD, SINGAPORE U0 117438 |
Bw Lpg Holding Ltd | other: Member of 10% owner group | C/O MAPLETREE BUSINESS CITY #17-02, 10 PASIR PANJANG ROAD, SINGAPORE U0 117438 |
Hna Investment Management Llc | 10 percent owner | C/O HNA GROUP NORTH AMERICA LLC, 1180 AVENUE OF THE AMERICAS, SUITE 1910, NEW YORK NY 10036 |
Scorpio Tankers Inc. | 10 percent owner | L'EXOTIQUE 99 BOULEVARD JARDIN EXOTIQUE, MONACO O9 98000 |
Family Foundation Sohmen | 10 percent owner | HEILIGKREUZ 6, P O BOX 484, VADUZ N2 FL-9490 |
Bw Euroholdings Ltd | 10 percent owner | MAPLETREE BUSINESS CITY, #18-01;, 10 PASIR PANJANG ROAD, SINGAPORE U0 117438 |
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