Digi International Inc (DGII)

Operating 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
Operating income (ttm)	US$ in thousands	50,265	50,095	53,497	50,995	46,384	38,220	24,623	18,667	14,473	10,528	12,463	11,300	11,654	11,317	8,204	6,970	4,031	10,072	9,503	10,306
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
Operating profit margin		11.38%	11.26%	12.20%	11.87%	11.22%	9.84%	6.81%	5.54%	4.53%	3.41%	4.12%	3.84%	4.02%	4.05%	3.03%	2.66%	1.59%	3.96%	3.74%	4.03%

December 31, 2023 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $50,265K ÷ $441,632K
= 11.38%

Digi International, Inc.'s operating profit margin has shown a generally positive trend over the past eight quarters. The company's operating profit margin has consistently improved, increasing from 5.60% in Q2 2022 to 11.38% in Q1 2024. This suggests that Digi International has been effectively managing its operating expenses and increasing its profitability.

The company's ability to maintain a double-digit operating profit margin since Q3 2022 is a positive sign of its operational efficiency and profitability. The steady improvement in the operating profit margin indicates that Digi International has been successful in controlling its costs while potentially increasing revenues or optimizing its product mix.

Overall, the trend in Digi International's operating profit margin reflects a positive financial performance and may indicate effective management and operational strategies. Investors and stakeholders can view this as a favorable indicator of the company's ability to generate profits from its core business operations.