Digi International Inc (DGII)

Gross profit margin

		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	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Gross profit (ttm)	US$ in thousands	251,782	252,203	247,207	240,814	229,926	216,286	199,917	185,047	173,520	166,658	161,550	156,343	154,527	143,972	137,049	128,028	119,716	119,035	119,053	120,373
Revenue (ttm)	US$ in thousands	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	254,203	254,361	255,467
Gross profit margin		57.01%	56.69%	56.39%	56.04%	55.64%	55.71%	55.29%	54.88%	54.27%	54.00%	53.37%	53.19%	53.27%	51.55%	50.56%	48.89%	47.09%	46.83%	46.80%	47.12%

December 31, 2023 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $251,782K ÷ $441,632K
= 57.01%

Digi International, Inc.'s gross profit margin has been relatively stable over the past eight quarters, ranging from 56.36% to 57.87%. This indicates that the company has been effectively managing its production costs and pricing strategies to maintain a healthy level of profitability from its core operations. Despite minor fluctuations, the gross profit margin trend suggests consistent efficiency in generating profits from sales after accounting for the cost of goods sold. It demonstrates a consistent ability to generate profit before considering other operating expenses, which is a positive indicator for the company's overall financial health and operational effectiveness.