Digi International (STU:DGI) Inventory Turnover : 0.70 (As of Mar. 2024)

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What is Digi International Inventory Turnover?

Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. Digi International's Cost of Goods Sold for the three months ended in Mar. 2024 was €41.8 Mil. Digi International's Average Total Inventories for the quarter that ended in Mar. 2024 was €59.6 Mil. Digi International's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.70.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Digi International's Days Inventory for the three months ended in Mar. 2024 was 130.25.

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. Digi International's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.60.

Digi International Inventory Turnover Historical Data

The historical data trend for Digi International's Inventory Turnover 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.

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Digi International Inventory Turnover Chart

Digi International Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Inventory Turnover

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3.42

2.88

2.98

3.12

2.51

Digi International Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															0.59	0.58	0.61	0.63	0.70

Digi International Inventory Turnover Calculation

Digi International's Inventory Turnover for the fiscal year that ended in Sep. 2023 is calculated as

	Inventory Turnover (A: Sep. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Sep. 2023 )	/ (	(Total Inventories (A: Sep. 2022 )	+	Total Inventories (A: Sep. 2023 ))	/	count )
=	180.51	/ (	(73.955	+	69.709)	/	2 )
=	180.51	/	71.832
=	2.51

Digi International's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

	Inventory Turnover (Q: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2024 )	/ (	(Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	41.753	/ (	(61.98	+	57.217)	/	2 )
=	41.753	/	59.5985
=	0.70

Digi International (STU:DGI) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Digi International's Days Inventory for the three months ended in Mar. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2024 )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
	=	59.5985	/	41.753	*	365 / 4
	=	130.25

2. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

Digi International's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	59.5985	/	99.086
	=	0.60

Be Aware

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.

Digi International Inventory Turnover Related Terms

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Digi International (STU:DGI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Digi International Inc (STU:DGI) » Definitions » Inventory Turnover

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DGII:USA

Address

9350 Excelsior Boulevard, Suite 700, Hopkins, MN, USA, 55343

Website

https://www.digi.com

Digi International Inc is a Minnesota corporation. The company provides business and mission-critical and Internet of Things (IoT) connectivity products and services. It has two segments: IoT Products and Services and IoT Solutions. The IoT Products and Services segment consists of distinct communications products and communication product development services. IoT Solutions segment offers wireless temperature and other environmental condition monitoring services as well as employee task management services. The company generates majority of its revenue from the IoT Products & Services segment. Geographically, the company generates majority of its revenue from its business in the United States and also has its presence in Europe, Middle East and Africa and Rest of the world.