Digi International Inc (DGII)

Net 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
Net income (ttm)	US$ in thousands	15,937	24,770	29,628	27,027	23,975	19,383	12,748	11,779	11,860	10,366	10,211	8,820	7,896	8,411	6,264	6,146	5,484	9,958	11,012	12,268
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
Net profit margin		3.61%	5.57%	6.76%	6.29%	5.80%	4.99%	3.53%	3.49%	3.71%	3.36%	3.37%	3.00%	2.72%	3.01%	2.31%	2.35%	2.16%	3.92%	4.33%	4.80%

December 31, 2023 calculation

Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $15,937K ÷ $441,632K
= 3.61%

The net profit margin of Digi International, Inc. has shown fluctuations over the quarters analyzed. In Q1 2024, the net profit margin was 3.61%, which was lower than the previous quarter's margin of 5.57%. However, this was still an improvement over the same period in the previous year when the margin was 5.80%.

Despite the quarterly variations, the company's net profit margin has generally been in the range of 3.49% to 6.76% over the past eight quarters. This indicates that Digi International has been able to effectively manage its expenses relative to its revenue during this period.

It is important for the company to continue monitoring and analyzing its net profit margin to ensure profitability and sustainability in the long term. Additionally, further investigation into the factors influencing these fluctuations, such as changes in revenue, cost structure, and efficiency measures, could provide valuable insights for strategic decision-making.