Digi International Inc (DGII)

Return on assets (ROA)

		Sep 30, 2024	Sep 30, 2023	Sep 30, 2022	Sep 30, 2021	Sep 30, 2020
Net income	US$ in thousands	22,505	24,770	19,383	10,366	8,411
Total assets	US$ in thousands	815,075	835,531	853,895	619,531	528,682
ROA		2.76%	2.96%	2.27%	1.67%	1.59%

September 30, 2024 calculation

ROA = Net income ÷ Total assets
= $22,505K ÷ $815,075K
= 2.76%

Digi International Inc's return on assets (ROA) has shown a fluctuating trend over the past five years. The ROA increased from 1.59% in Sep 30, 2020, to 2.76% in Sep 30, 2024, indicating an improvement in the company's ability to generate profit relative to its total assets. However, it is worth noting that there was a slight decrease in ROA from 2.96% in Sep 30, 2023, to 2.76% in Sep 30, 2024.

Overall, Digi International Inc has managed to maintain a positive ROA over the years, reflecting its efficiency in utilizing its assets to generate earnings. The trend suggests that the company has been able to enhance its profitability relative to its asset base, which is generally a positive indicator for investors and stakeholders. Further analysis and comparison with industry peers may provide additional insights into the company's financial performance.