Digi International Inc (DGII)

Gross profit margin

		Sep 30, 2024	Sep 30, 2023	Sep 30, 2022	Sep 30, 2021	Sep 30, 2020
Gross profit	US$ in thousands	249,906	252,203	216,286	166,657	143,972
Revenue	US$ in thousands	424,046	444,849	388,225	308,632	279,271
Gross profit margin		58.93%	56.69%	55.71%	54.00%	51.55%

September 30, 2024 calculation

Gross profit margin = Gross profit ÷ Revenue
= $249,906K ÷ $424,046K
= 58.93%

Digi International Inc has shown a consistent improvement in its gross profit margin over the past five years, with a significant increase from 51.55% in 2020 to 58.93% in 2024. This indicates the company's ability to effectively manage its production costs and generate higher margins on its products. The steady growth in gross profit margin reflects Digi International Inc's strong pricing strategies, cost controls, and operational efficiencies. Overall, the trend in gross profit margin suggests a positive performance in the company's core operations and profitability over the years.