Digi International Inc (DGII)

Return on equity (ROE)

		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
Net income (ttm)	US$ in thousands	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	9,958	11,012	12,268
Total stockholders’ equity	US$ in thousands	542,075	540,488	531,583	520,179	509,928	501,513	486,922	480,504	474,032	472,517	465,471	459,152	377,642	371,500	363,305	358,363	356,315	348,978	345,076	340,838
ROE		2.94%	4.58%	5.57%	5.20%	4.70%	3.86%	2.62%	2.45%	2.50%	2.19%	2.19%	1.92%	2.09%	2.26%	1.72%	1.72%	1.54%	2.85%	3.19%	3.60%

December 31, 2023 calculation

ROE = Net income (ttm) ÷ Total stockholders’ equity
= $15,937K ÷ $542,075K
= 2.94%

Digi International, Inc.'s return on equity (ROE) has displayed fluctuations over the past eight quarters. The trend shows variations in performance, with the most recent ROE of 2.94% in Q1 2024 reflecting a decrease compared to the previous quarter's 4.58% in Q4 2023. However, it is worth noting that the ROE has generally been in the range of 2.45% to 5.57% over this period, indicating some stability in the company's ability to generate profit from shareholders' equity.

While the ROE in Q1 2024 seems lower than in some quarters, it is important to consider the broader context and potential reasons behind this variation. Further analysis of the company's financial statements and operations would be necessary to provide a more in-depth understanding of the factors influencing Digi International, Inc.'s ROE performance.