Digi International Inc (DGII)

Fixed asset turnover

		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	Mar 31, 2019
Revenue (ttm)	US$ in thousands	441,632	444,849	438,424	429,705	413,274	388,225	361,593	337,155	319,743	308,632	302,695	293,954	290,100	279,271	271,062	261,890	254,207	254,203	254,361	255,467
Property, plant and equipment	US$ in thousands	28,644	29,108	29,590	29,812	28,374	27,594	26,380	27,078	27,058	12,132	12,559	13,096	13,442	11,507	12,284	12,817	13,206	13,857	14,417	13,926
Fixed asset turnover		15.42	15.28	14.82	14.41	14.57	14.07	13.71	12.45	11.82	25.44	24.10	22.45	21.58	24.27	22.07	20.43	19.25	18.34	17.64	18.34

December 31, 2023 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $441,632K ÷ $28,644K
= 15.42

Digi International, Inc.'s fixed asset turnover has been consistently strong, with a notable increasing trend over the quarters provided. The company's efficiency in generating revenue from its fixed assets has improved steadily, culminating in a Q1 2024 ratio of 15.42. This indicates that Digi International is effectively utilizing its fixed assets to generate sales, with a ratio well above 1, suggesting efficient management and productivity in capital investment. Such a high fixed asset turnover ratio reflects the company's ability to optimize its asset base to drive revenue growth. This positive trend in fixed asset turnover may indicate operational efficiency and potentially improving business performance.