Digi International Inc (DGII)
Net profit margin
| Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 24,770 | 19,383 | 10,366 | 8,411 | 9,958 |
| Revenue | US$ in thousands | 444,849 | 388,225 | 308,632 | 279,271 | 254,203 |
| Net profit margin | 5.57% | 4.99% | 3.36% | 3.01% | 3.92% |
September 30, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $24,770K ÷ $444,849K
= 5.57%
The net profit margin of Digi International, Inc. has shown a positive trend over the past five years. In the most recent fiscal year ending September 30, 2023, the net profit margin improved to 5.57%, up from 4.99% in the prior year. This indicates that the company was able to translate a larger portion of its revenue into profits, which is a positive indicator of efficient cost management and operational performance. The upward trend in the net profit margin reflects the company's ability to control costs and generate stronger profitability from its business operations. Overall, the consistent improvement in net profit margin demonstrates Digi International's effective management of expenses and efficient utilization of resources to drive profitability.
Peer comparison
Sep 30, 2023