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Return-on-Tangible-Equity is calculated as Net Income divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. Digi International's annualized net income for the quarter that ended in Mar. 2024 was $16.0 Mil. Digi International's average shareholder tangible equity for the quarter that ended in Mar. 2024 was $-64.3 Mil. Therefore, Digi International's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2024 was Negative Tangible Equity%.
The historical rank and industry rank for Digi International's Return-on-Tangible-Equity or its related term are showing as below:
During the past 13 years, Digi International's highest Return-on-Tangible-Equity was 12.26%. The lowest was 1.05%. And the median was 5.91%.
The historical data trend for Digi International's Return-on-Tangible-Equity can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Digi International Annual Data | |||||||||||||||||||||
Trend | Sep14 | Sep15 | Sep16 | Sep17 | Sep18 | Sep19 | Sep20 | Sep21 | Sep22 | Sep23 | |||||||||||
Return-on-Tangible-Equity | Get a 7-Day Free Trial | 6.61 | 8.21 | 12.26 | Negative Tangible Equity | Negative Tangible Equity |
Digi International Quarterly Data | ||||||||||||||||||||
Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
Return-on-Tangible-Equity | Get a 7-Day Free Trial | Negative Tangible Equity | Negative Tangible Equity | Negative Tangible Equity | - | Negative Tangible Equity |
For the Communication Equipment subindustry, Digi International's Return-on-Tangible-Equity, along with its competitors' market caps and Return-on-Tangible-Equity data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
For the Hardware industry and Technology sector, Digi International's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Digi International's Return-on-Tangible-Equity falls into.
Digi International's annualized Return-on-Tangible-Equity for the fiscal year that ended in Sep. 2023 is calculated as
Return-on-Tangible-Equity | = | Net Income | / | ( (Total Tangible Equity | + | Total Tangible Equity) | / count ) |
(A: Sep. 2023 ) | (A: Sep. 2022 ) | (A: Sep. 2023 ) | |||||
= | Net Income | / | ( (Total Stockholders Equity - Intangible Assets | + | Total Stockholders Equity - Intangible Assets ) | / count ) | |
(A: Sep. 2023 ) | (A: Sep. 2022 ) | (A: Sep. 2023 ) | |||||
= | 24.77 | / | ( (-141.028 | + | -78.189 ) | / 2 ) | |
= | 24.77 | / | -109.6085 | ||||
= | Negative Tangible Equity % |
Digi International's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2024 is calculated as
Return-on-Tangible-Equity | = | Net Income | / | ( (Total Tangible Equity | + | Total Tangible Equity) | / count ) |
(Q: Mar. 2024 ) | (Q: Dec. 2023 ) | (Q: Mar. 2024 ) | |||||
= | Net Income | / | ( (Total Stockholders Equity - Intangible Assets | + | Total Stockholders Equity - Intangible Assets) | / count ) | |
(Q: Mar. 2024 ) | (Q: Dec. 2023 ) | (Q: Mar. 2024 ) | |||||
= | 15.976 | / | ( (-71.27 | + | -57.278) | / 2 ) | |
= | 15.976 | / | -64.274 | ||||
= | Negative Tangible Equity % |
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
In the calculation of annual Return-on-Tangible-Equity, the net income of the last fiscal year and the average total shareholder tangible equity over the fiscal year are used. In calculating the quarterly data, the net income data used here is four times the quarterly (Mar. 2024) net income data. Return-on-Tangible-Equity is displayed in the 10-year financial page.
Digi International (NAS:DGII) Return-on-Tangible-Equity Explanation
Return-on-Tangible-Equity measures the rate of return on the ownership interest (shareholder's tangible equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' tangible equity (shareholders equity minus intangibles). Return-on-Tangible-Equity shows how well a company uses investment funds to generate earnings growth. Return-on-Tangible-Equitys between 15% and 20% are considered desirable.
Be Aware
Net Income is used.
Because a company can increase its Return-on-Tangible-Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return-on-Tangible-Equity companies. Like Return-on-Tangible-Asset, Return-on-Tangible-Equity is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their Return-on-Tangible-Equitys can be extremely high.
Thank you for viewing the detailed overview of Digi International's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Terrence G. Schneider | officer: VP, Supply Chain | 9350 EXCELSIOR BLVD, SUITE 700, HOPKINS MN 55343 |
David H. Sampsell | officer: VP, Corp. Dev, GC & Corp. Sec. | 9350 EXCELSIOR BLVD, HOPKINS MN 55343 |
James J. Loch | officer: Chief Financial Officer | 9350 EXCELSIOR BLVD, SUITE 700, HOPKINS MN 55343 |
Ronald Konezny | director, officer: President and CEO | C/O DIGI INTERNATIONAL INC., 9350 EXCELSIOR BLVD, SUITE 700, HOPKINS MN 55343 |
Radha Chavali | officer: VP, Technology Services | 9350 EXCELSIOR BLVD, SUITE 700, HOPKINS MN 55343 |
Tracy L. Roberts | officer: VP, Technology Services | 9350 EXCELSIOR BLVD, HOPKINS MN 55343 |
Kevin C. Riley | officer: President, Digi SmartSense | 9350 EXCELSIOR BLVD, SUITE 700, HOPKINS MN 55343 |
Michael A. Ueland | officer: President of Products | 216 BRIDLE CREEK DRIVE, CARY NC 27513 |
Jon A. Nyland | officer: VP, Manufacturing Operations | 11001 BREN ROAD EAST, MINNETONKA MN 55343 |
Brian G. Ballenger | officer: VP Fin, Acting PFO & PAO | 9350 EXCELSIOR BLVD, SUITE 700, HOPKINS MN 55343 |
Hatem H. Naguib | director | 9350 EXCELSIOR BLVD, SUITE 700, HOPKINS MN 55343 |
Ahmed Nawaz | director | 1110 AMERICAN PARKWAY NE, ALLENTOWN PA 18109 |
Gokul V Hemmady | officer: Senior VP/CFO/Treasurer | P.O. BOX 1101, MS067, MINNEAPOLIS MN 55440-1101 |
Sally J Smith | director | 5500 WAYZATA BLVD., SUITE 1600, MINNEAPOLIS MN 55416 |
Christopher Heim | director | C/O DIGI INTERNATIONAL INC., 9350 EXCELSIOR BLVD, SUITE 700, HOPKINS MN 55343 |
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