Digi International Inc (DGII)

Return on equity (ROE)

		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 stockholders’ equity	US$ in thousands	581,035	563,054	549,627	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
ROE		3.87%	3.02%	2.55%	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%

September 30, 2024 calculation

ROE = Net income (ttm) ÷ Total stockholders’ equity
= $22,505K ÷ $581,035K
= 3.87%

Digi International Inc's return on equity (ROE) has shown some fluctuations over the past few periods. The ROE for the most recent period as of September 30, 2024, is 3.87%, which indicates that for every dollar of shareholders' equity, the company generated a profit of 3.87 cents.

Looking at the trend of ROE, it has been relatively stable in the range of 2% to 5% over the past few years. The highest ROE was observed in the quarter ending June 30, 2023, at 5.57%, while the lowest ROE was recorded in the quarter ending March 31, 2020, at 1.54%.

The variations in ROE could be influenced by factors such as the company's profitability, efficiency in generating profits from shareholders' equity, and the level of financial leverage in the capital structure. It is essential for stakeholders to monitor ROE consistently to assess the company's ability to generate returns on the capital invested by shareholders.