Digi International Inc (DGII)

Gross profit margin

		Sep 30, 2023	Sep 30, 2022	Sep 30, 2021	Sep 30, 2020	Sep 30, 2019
Gross profit	US$ in thousands	252,203	216,286	166,657	143,972	119,035
Revenue	US$ in thousands	444,849	388,225	308,632	279,271	254,203
Gross profit margin		56.69%	55.71%	54.00%	51.55%	46.83%

September 30, 2023 calculation

Gross profit margin = Gross profit ÷ Revenue
= $252,203K ÷ $444,849K
= 56.69%

Digi International, Inc.'s gross profit margin has exhibited a positive trend over the past five years, reflecting the company's ability to generate higher profits from its sales. The margin increased from 47.99% in 2019 to 57.58% in 2023, indicating an improving efficiency in managing production costs and pricing strategies. This upward trajectory suggests that Digi International has been successful in controlling its cost of goods sold and maintaining competitive pricing, which is a positive signal for the company's overall profitability. This consistent improvement in gross profit margin is indicative of effective cost management and pricing strategies, potentially enhancing the company's financial performance and competitive position in the market.