Digi International Inc (DGII)

Operating profit margin

		Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Operating income (ttm)	US$ in thousands	48,089	46,673	46,241	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
Revenue (ttm)	US$ in thousands	424,046	431,157	438,190	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
Operating profit margin		11.34%	10.83%	10.55%	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%

September 30, 2024 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $48,089K ÷ $424,046K
= 11.34%

The operating profit margin of Digi International Inc has shown a fluctuating trend over the past few years. In the most recent quarter, as of September 30, 2024, the operating profit margin was 11.34%, indicating that the company generated around 11.34 cents of operating profit for every dollar of sales.

The operating profit margin had been relatively stable around the 11% mark in the recent quarters, which suggests consistent profitability in the company's operations. However, it is worth noting that in the same period last year (September 2023), the operating profit margin was slightly higher at 11.26%.

Looking back further, the operating profit margin has shown an overall increasing trend from 1.59% in December 2019 to the current 11.34% in September 2024. This signifies an improvement in the company's operational efficiency and ability to control costs over the years.

Overall, Digi International Inc has demonstrated a positive trend in its operating profit margin, showing resilience and effective management of its operating expenses to maintain profitability and enhance shareholder value.