Digi International Inc (DGII)

Total asset turnover

		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	Mar 31, 2020	Dec 31, 2019
Revenue (ttm)	US$ in thousands	424,046	431,157	438,190	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
Total assets	US$ in thousands	815,075	820,426	825,300	828,662	835,531	840,060	847,748	854,610	853,895	863,639	869,530	866,230	619,531	613,051	607,503	528,788	528,682	526,869	554,752	560,904
Total asset turnover		0.52	0.53	0.53	0.53	0.53	0.52	0.51	0.48	0.45	0.42	0.39	0.37	0.50	0.49	0.48	0.55	0.53	0.51	0.47	0.45

September 30, 2024 calculation

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

Total asset turnover is a key financial ratio that measures a company's efficiency in generating sales from its assets. Digi International Inc's total asset turnover has fluctuated over the periods provided, ranging from 0.37 to 0.55. A total asset turnover of 0.52 in September 2024 indicates that for each dollar of total assets, the company generated $0.52 in sales during that period.

The trend in total asset turnover over the periods suggests that the company has been relatively stable in utilizing its assets to generate sales. The ratio has shown slight improvements over the last few quarters, with values ranging between 0.48 and 0.55. These improvements indicate that Digi International Inc has been able to increase its sales relative to its total assets.

However, the company's total asset turnover has varied significantly, reaching a low of 0.37 in December 2021. This could indicate challenges in efficiently utilizing assets to drive sales during that period. Overall, Digi International Inc's total asset turnover is showing signs of improvement, but it may be beneficial for the company to focus on further optimizing its asset utilization to enhance overall efficiency and profitability.