Digi International Inc (DGII)

Return on assets (ROA)

		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
Net income (ttm)	US$ in thousands	22,505	17,007	14,032	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
Total assets	US$ in thousands	815,075	820,426	825,300	828,662	835,531	840,060	847,748	854,610	853,895	863,639	869,530	866,230	619,531	613,051	607,503	528,788	528,682	526,869	554,752	560,904
ROA		2.76%	2.07%	1.70%	1.92%	2.96%	3.53%	3.19%	2.81%	2.27%	1.48%	1.35%	1.37%	1.67%	1.67%	1.45%	1.49%	1.59%	1.19%	1.11%	0.98%

September 30, 2024 calculation

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

Based on the provided data, the return on assets (ROA) for Digi International Inc has shown some variability over the past few years. The ROA has ranged from a low of 0.98% in December 2019 to a high of 3.53% in June 2023. The most recent ROA figure as of September 2024 stands at 2.76%.

Overall, the ROA trend for Digi International Inc appears to have fluctuated, showing both peaks and troughs over the periods analyzed. The company's ability to generate profits from its assets has shown some signs of improvement in recent quarters, as seen in the upward trend from 1.35% in March 2022 to 2.76% in September 2024.

It is important for the company to sustain or improve its ROA, as a higher ROA indicates more efficient utilization of assets to generate profit. This metric is crucial for investors and creditors as it indicates the company's profitability relative to its total assets.