Digi International (Digi International) Accounts Receivable : $72.0 Mil (As of Mar. 2024)

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What is Digi International Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Digi International's accounts receivables for the quarter that ended in Mar. 2024 was $72.0 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Digi International's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 60.99.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Digi International's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was $-4.59.

Digi International Accounts Receivable Historical Data

The historical data trend for Digi International's Accounts Receivable 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 Accounts Receivable Chart

Digi International Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Accounts Receivable

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56.42

59.23

43.74

50.45

56.00

Digi International Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Accounts Receivable	Get a 7-Day Free Trial															44.90	47.96	56.00	61.44	71.98

Digi International Accounts Receivable Calculation

Accounts Receivable is money owed to a business by customers and shown on its Balance Sheet as an asset.

Digi International Accounts Receivable Explanation

1. Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Days Sales Outstanding measures of the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's accounts receivables are being managed.

Digi International's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	71.983	/	107.702	*	91
=	60.99

2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), Digi International's accounts receivable are only considered to be worth 75% of book value:

Digi International's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2024 is calculated as:

	Net-Net Working Capital Per Share
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(23.795	+	0.75 * 71.983	+	0.5 * 62.192	-	275.673
-	0	-	0)	/	36.3616
=	-4.59

Be Aware

Net receivables tells us a great deal about the different competitors in the same industry. In competitive industries, some attempt to gain advantage by offering better credit terms, causing increase in sales and receivables.

If company consistently shows lower % Net receivables to gross sales than competitors, then it usually has some kind of competitive advantage which requires further digging.

Average Days Sales Outstanding is a good indicator for measuring a company's sales channel and customers. A company may book great revenue and earnings growth but never receive payment from their customers. This may force a write-off in the future and depress future earnings.

Digi International Accounts Receivable Related Terms

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Digi International (Digi International) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Digi International Inc (NAS:DGII) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

DGI:Germany DGI:Germany

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.

Executives

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