Digi International Inc (DGII)

Return on assets (ROA)

		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
Total assets	US$ in thousands	835,531	853,895	619,531	528,682	398,698
ROA		2.96%	2.27%	1.67%	1.59%	2.50%

September 30, 2023 calculation

ROA = Net income ÷ Total assets
= $24,770K ÷ $835,531K
= 2.96%

To analyze Digi International, Inc.'s return on assets (ROA) over the past five years, we can observe a fluctuating trend. The ROA increased from 1.59% in 2020 to 2.96% in 2023, with a brief decrease in 2022. This indicates a varying efficiency in utilizing the company's assets to generate profits. The ROA peaked in 2019 at 2.50%, but declined in the following years, suggesting potential challenges in asset utilization. Overall, Digi International's management may need to focus on optimizing asset deployment to maintain and potentially improve ROA in the future.