Digi International Inc (DGII)

Total asset turnover

		Sep 30, 2024	Sep 30, 2023	Sep 30, 2022	Sep 30, 2021	Sep 30, 2020
Revenue	US$ in thousands	424,046	444,849	388,225	308,632	279,271
Total assets	US$ in thousands	815,075	835,531	853,895	619,531	528,682
Total asset turnover		0.52	0.53	0.45	0.50	0.53

September 30, 2024 calculation

Total asset turnover = Revenue ÷ Total assets
= $424,046K ÷ $815,075K
= 0.52

The total asset turnover ratio for Digi International Inc has shown some fluctuation over the past five years. It decreased from 0.53 in 2020 to 0.50 in 2021, indicating a slight reduction in the efficiency of generating sales from its assets. However, there was a further decline to 0.45 in 2022, suggesting a decrease in the company's ability to utilize its assets to generate revenue.

In 2023, there was a slight improvement in the total asset turnover ratio to 0.53, which brought it back to the level seen in 2020. However, in 2024, the ratio decreased to 0.52, indicating a slight decline in efficiency compared to the previous year.

Overall, the total asset turnover ratio for Digi International Inc has been somewhat inconsistent over the five-year period, with fluctuations reflecting changes in the company's ability to generate sales relative to its asset base. Further analysis of the company's operations and asset management strategies may be necessary to understand the factors contributing to these fluctuations.