Digi International (STU:DGI) Days Payable : 39.04 (As of Mar. 2024)

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What is Digi International Days Payable?

Digi International's average Accounts Payable for the three months ended in Mar. 2024 was €17.9 Mil. Digi International's Cost of Goods Sold for the three months ended in Mar. 2024 was €41.8 Mil. Hence, Digi International's Days Payable for the three months ended in Mar. 2024 was 39.04.

The historical rank and industry rank for Digi International's Days Payable or its related term are showing as below:

STU:DGI' s Days Payable Range Over the Past 10 Years
Min: 26.92 Med: 42.05 Max: 66.43
Current: 38.37

During the past 13 years, Digi International's highest Days Payable was 66.43. The lowest was 26.92. And the median was 42.05.

STU:DGI's Days Payable is ranked worse than
79.65% of 2423 companies
in the Hardware industry
Industry Median: 68.07 vs STU:DGI: 38.37

Digi International's Days Payable declined from Mar. 2023 (48.85) to Mar. 2024 (39.04). It may suggest that Digi International accelerated paying its suppliers.

Digi International Days Payable Historical Data

The historical data trend for Digi International's Days Payable 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 Days Payable Chart

Digi International Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Days Payable

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45.05

68.42

65.07

54.54

49.30

Digi International Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															48.85	40.03	36.30	34.69	39.04

Competitive Comparison of Digi International's Days Payable

For the Communication Equipment subindustry, Digi International's Days Payable, along with its competitors' market caps and Days Payable 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.

Digi International's Days Payable Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Digi International's Days Payable distribution charts can be found below:

* The bar in red indicates where Digi International's Days Payable falls into.

Digi International Days Payable Calculation

Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

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

	Days Payable (A: Sep. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Sep. 2022 )	+	Accounts Payable (A: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (A: Sep. 2023 )	*	Days in Period
=	( (32.697	+	16.068)	/	2 )	/	180.51	*	365
=	24.3825					/	180.51	*	365
=	49.30

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

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (15.295	+	20.429)	/	2 )	/	41.753	*	365 / 4
=	17.862					/	41.753	*	365 / 4
=	39.04

Digi International Days Payable 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 » Days Payable

Comparable Companies

Traded in Other Exchanges

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.