Dorian Lpg (LPG) Gross Margin (2013 - 2023)
Dorian Lpg (LPG) posted quarterly Gross Margin of 88.23% for Q4 2023, up 557.0% year-on-year from 13.43% in Q4 2022, and up 3.19% on a QoQ basis from 85.5% in Q3 2023.
Dorian Lpg (LPG) Gross Margin (2013 - 2023) Analysis & Trends
Dorian Lpg (LPG) has reported Gross Margin for 11 consecutive years, with 88.23% the latest figure, recorded in Q4 2023.
- Quarterly Gross Margin rose 557.0% year-over-year to 88.23% in Q4 2023, while the trailing twelve-month figure through Dec 2023 was 85.72% (up 652.0% YoY) and the FY2023 annual result came in at 81.65%, up 871.0% from the prior year.
- Gross Margin advanced to 88.23% in Q4 2023 per LPG's latest filing, from 85.5% in the prior quarter.
- Over the last five years, Gross Margin for LPG reached as high as 88.23% in Q4 2023 and fell as low as 53.45% in Q1 2019.
- A 5-year average of 76.52% and a median of 78.04% in 2022 frame the typical range for Gross Margin.
- Annual changes were most pronounced in 2019 — Gross Margin jumped 3400 bps — and 2020, when it plunged 2020 bps.
- Year by year, Gross Margin stood at 77.61% in 2019, then rose by 1 bps to 78.3% in 2020, then slipped by 6 bps to 73.45% in 2021, then increased by 13 bps to 82.66% in 2022, then gained by 7 bps to 88.23% in 2023.
- According to Business Quant data, Gross Margin over the past three periods registered 88.23%, 85.5%, and 82.21% for Q4 2023, Q3 2023, and Q2 2023 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | DHT Holdings | 2,706.13 Bn | 2,706.00 Bn | 167.16 Mn | 89.73% |
| 2 | Flex LNG | 1,674.16 Bn | 1,673.77 Bn | 61.79 Mn | 76.80% |
| 3 | Kinder Morgan | 112.74 Bn | 113.82 Bn | 3.07 Bn | 68.62% |
| 4 | Enbridge | 89.82 Bn | 89.03 Bn | 6.70 Bn | 41.12% |
| 5 | Enterprise Products Partners | 83.97 Bn | 82.82 Bn | - | - |
| 6 | Tc Energy | 72.76 Bn | 73.95 Bn | 1.36 Bn | 97.17% |
| 7 | Energy Transfer | 70.27 Bn | 69.30 Bn | 6.62 Bn | 23.85% |
| 8 | Targa Resources | 61.30 Bn | 61.34 Bn | 1.70 Bn | 41.52% |
| 9 | Oneok | 61.15 Bn | 61.02 Bn | 8.98 Bn | 93.41% |
| 10 | Dorian Lpg | 1.94 Bn | 1.65 Bn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2023 | 88.23% |
| Sep 30, 2023 | 85.50% |
| Jun 30, 2023 | 82.21% |
| Mar 31, 2023 | 85.81% |
| Dec 31, 2022 | 82.66% |
| Sep 30, 2022 | 76.89% |
| Jun 30, 2022 | 77.78% |
| Mar 31, 2022 | 78.29% |
| Dec 31, 2021 | 73.45% |
| Sep 30, 2021 | 70.79% |
| Jun 30, 2021 | 67.78% |
| Mar 31, 2021 | 79.72% |
| Dec 31, 2020 | 78.30% |
| Sep 30, 2020 | 60.82% |
| Jun 30, 2020 | 76.23% |
| Mar 31, 2020 | 80.22% |
| Dec 31, 2019 | 77.61% |
| Sep 30, 2019 | 81.02% |
| Jun 30, 2019 | 73.65% |
| Mar 31, 2019 | 53.45% |