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.
Peer comparison
Sep 30, 2024