Summit Financial Statements From 2010 to 2024

INN Stock

USD 6.52 0.02 0.31%

Summit Hotel financial statements provide useful quarterly and yearly information to potential Summit Hotel Properties investors about the company's current and past financial position, as well as its overall management performance and changes in financial position over time. Historical trend examination of various income statement and balance sheet accounts found on Summit Hotel financial statements helps investors assess Summit Hotel's valuation, profitability, and current liquidity needs. Key fundamental drivers impacting Summit Hotel's valuation are summarized below:

Gross Profit

305.8 M

Profit Margin

0.0358

Market Capitalization

706.9 M

Enterprise Value Revenue

2.7384

Revenue

736.3 M

We have found one hundred twenty available fundamental trend indicators for Summit Hotel Properties, which can be analyzed and compared to other ratios and to its competition. Self-guided Investors are advised to double-check Summit Hotel's current fundamentals against the trend between 2010 and 2024 to make sure the company can sustain itself down the road.

Summit Hotel Total Revenue

416.74 Million

Check Summit Hotel financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Summit Hotel's main balance sheet or income statement drivers, such as Depreciation And Amortization of 248.5 M, Interest Expense of 91.1 M or Total Revenue of 416.7 M, as well as many indicators such as Price To Sales Ratio of 0.92, Dividend Yield of 0.0592 or PTB Ratio of 0.74. Summit financial statements analysis is a perfect complement when working with Summit Hotel Valuation or Volatility modules.

Check out the analysis of Summit Hotel Correlation against competitors.

Summit Hotel Balance Sheet

Trends

Current Value

Last Year

Historical Average

10 Year Trend

Common Stock Shares Outstanding

144 M

105.5 M

187.8 M

Slightly volatile

Short and Long Term Debt Total

1 B

1.5 B

992.3 M

Slightly volatile

Property Plant And Equipment Net

33.1 M

34.8 M

757.2 M

Slightly volatile

Net Debt

816.6 M

1.4 B

790.9 M

Slightly volatile

Non Current Assets Total

1.7 B

2.8 B

1.7 B

Slightly volatile

Non Currrent Assets Other

2.8 B

2.7 B

1.1 B

Slightly volatile

Cash And Short Term Investments

36.1 M

51.8 M

36.4 M

Slightly volatile

Liabilities And Stockholders Equity

1.8 B

2.9 B

1.8 B

Slightly volatile

Non Current Liabilities Total

785.6 M

1.3 B

779.2 M

Slightly volatile

Property Plant And Equipment Gross

33.1 M

34.8 M

91.9 M

Slightly volatile

Long Term Debt Total

974.1 M

1.7 B

854.1 M

Slightly volatile

Capital Surpluse

1.2 B

1.4 B

1.1 B

Slightly volatile

Cash And Equivalents

46.2 M

58.9 M

40.5 M

Slightly volatile

Net Invested Capital

2.4 B

2.3 B

2.2 B

Slightly volatile

Capital Stock

1.3 M

1.2 M

Slightly volatile

Capital Lease Obligations

23.5 M

25.8 M

20.4 M

Slightly volatile

Non Current Liabilities Other

14.7 M

15.5 M

18.6 M

Slightly volatile

Summit Hotel Income Statement

Trends

Current Value

Last Year

Historical Average

10 Year Trend

Depreciation And Amortization

248.5 M

150.9 M

254.1 M

Slightly volatile

Interest Expense

91.1 M

86.8 M

39.7 M

Slightly volatile

Total Revenue

416.7 M

736.1 M

414.8 M

Slightly volatile

Gross Profit

195.7 M

258 M

194.1 M

Pretty Stable

Other Operating Expenses

378.1 M

677.3 M

376.1 M

Slightly volatile

EBITDA

124.9 M

212.4 M

124.6 M

Slightly volatile

Cost Of Revenue

502 M

478.1 M

239.4 M

Slightly volatile

Total Operating Expenses

157.1 M

199.2 M

155.4 M

Slightly volatile

Selling General Administrative

29.1 M

51 M

26.7 M

Slightly volatile

Preferred Stock And Other Adjustments

19.1 M

20.9 M

17.2 M

Slightly volatile

Non Recurring

9.9 M

9.4 M

4.1 M

Slightly volatile

Non Operating Income Net Other

8.1 M

8.6 M

15.3 M

Very volatile

Interest Income

1.6 M

1.7 M

31.9 M

Very volatile

Reconciled Depreciation

126.2 M

150.9 M

102 M

Slightly volatile

Selling And Marketing Expenses

984 K

1.1 M

1.2 M

Slightly volatile

Summit Hotel Cash Flow Statement

Trends

Current Value

Last Year

Historical Average

10 Year Trend

Begin Period Cash Flow

42.8 M

61.8 M

42.6 M

Slightly volatile

Depreciation

82.3 M

150.9 M

81.9 M

Slightly volatile

Capital Expenditures

80 M

89.6 M

81.3 M

Slightly volatile

End Period Cash Flow

43.5 M

47.8 M

44 M

Slightly volatile

Dividends Paid

49.6 M

45.8 M

48.3 M

Pretty Stable

Stock Based Compensation

5.8 M

7.7 M

5 M

Slightly volatile

Financial Ratios

Trends

Current Value

Last Year

Historical Average

10 Year Trend

Price To Sales Ratio

0.92

0.9635

2.8852

Slightly volatile

Dividend Yield

0.0592

0.0645

0.0542

Very volatile

PTB Ratio

0.74

0.7784

2.2542

Slightly volatile

Days Sales Outstanding

8.93

10.5852

10.6659

Slightly volatile

Book Value Per Share

8.0

13.2328

11.0187

Pretty Stable

Average Payables

781.1 K

878.8 K

956.9 K

Slightly volatile

Stock Based Compensation To Revenue

0.0097

0.0105

0.0114

Slightly volatile

Capex To Depreciation

0.75

0.5935

0.7131

Slightly volatile

PB Ratio

0.74

0.7784

2.2542

Slightly volatile

EV To Sales

2.75

2.8907

4.8619

Slightly volatile

Inventory Turnover

4.43

4.24

5.7998

Pretty Stable

Days Of Inventory On Hand

114

89.12

94.8008

Very volatile

Payables Turnover

104

99.0481

52.4225

Slightly volatile

Sales General And Administrative To Revenue

0.0482

0.0693

0.0587

Slightly volatile

Capex To Revenue

0.14

0.1217

0.1364

Slightly volatile

Cash Per Share

0.47

0.4907

2.201

Slightly volatile

Days Payables Outstanding

3.5

3.6851

11.5531

Slightly volatile

Intangibles To Total Assets

0.0143

0.0136

0.0063

Slightly volatile

Net Debt To EBITDA

6.35

6.6791

42.6333

Pretty Stable

Current Ratio

0.55

0.5818

1.7177

Pretty Stable

Tangible Book Value Per Share

7.92

12.8543

10.9154

Pretty Stable

Receivables Turnover

39.77

34.4822

36.8755

Slightly volatile

Graham Number

7.37

4.1789

9.8363

Pretty Stable

Shareholders Equity Per Share

7.25

8.633

9.9609

Very volatile

Debt To Equity

1.94

1.5701

1.2029

Very volatile

Capex Per Share

0.67

0.8487

0.6752

Pretty Stable

Average Receivables

4.1 M

4.8 M

5.2 M

Slightly volatile

Revenue Per Share

3.69

6.9743

4.7876

Pretty Stable

Interest Debt Per Share

7.49

14.377

9.2214

Slightly volatile

Debt To Assets

0.55

0.4867

0.4548

Very volatile

Enterprise Value Over EBITDA

9.52

10.0184

82.6102

Pretty Stable

Operating Cycle

10.06

10.5852

86.4445

Pretty Stable

Price Book Value Ratio

0.74

0.7784

2.2542

Slightly volatile

Days Of Payables Outstanding

3.5

3.6851

11.5531

Slightly volatile

Company Equity Multiplier

3.25

3.2257

2.4088

Very volatile

Long Term Debt To Capitalization

0.56

0.6081

0.4787

Pretty Stable

Total Debt To Capitalization

0.58

0.6109

0.4943

Pretty Stable

Debt Equity Ratio

1.94

1.5701

1.2029

Very volatile

Quick Ratio

0.74

0.5818

1.014

Very volatile

Net Income Per E B T

0.36

0.3748

0.9296

Slightly volatile

Cash Ratio

0.13

0.1323

0.5453

Slightly volatile

Days Of Inventory Outstanding

114

89.12

94.8008

Very volatile

Days Of Sales Outstanding

8.93

10.5852

10.6659

Slightly volatile

Price To Book Ratio

0.74

0.7784

2.2542

Slightly volatile

Fixed Asset Turnover

22.2

21.1446

7.0231

Slightly volatile

Enterprise Value Multiple

9.52

10.0184

82.6102

Pretty Stable

Debt Ratio

0.55

0.4867

0.4548

Very volatile

Price Sales Ratio

0.92

0.9635

2.8852

Slightly volatile

Asset Turnover

0.26

0.2504

0.238

Slightly volatile

Gross Profit Margin

0.52

0.3505

0.4714

Slightly volatile

Price Fair Value

0.74

0.7784

2.2542

Slightly volatile

Summit Hotel Valuation Data

Trends

Current Value

Last Year

Historical Average

10 Year Trend

Market Cap

821.4 M

924.1 M

1 B

Slightly volatile

Summit Fundamental Market Drivers

Cash And Short Term Investments

51.8 M

Summit Upcoming Events

	28th of February 2024 Upcoming Quarterly Report	View
	1st of May 2024 Next Financial Report	View
	31st of December 2023 Next Fiscal Quarter End	View
	28th of February 2024 Next Fiscal Year End	View
	30th of September 2023 Last Quarter Report	View
	31st of December 2022 Last Financial Announcement	View

About Summit Hotel Financial Statements

Summit Hotel investors utilize fundamental indicators, such as revenue or net income, to predict how Summit Stock might perform in the future. Analyzing these trends over time helps investors make informed market timing decisions. For further insights, please visit our fundamental analysis page.

	Last Reported	Projected for Next Year
Current Deferred Revenue	22.5 M	23.6 M
Total Revenue	736.1 M	416.7 M
Cost Of Revenue	478.1 M	502 M
Stock Based Compensation To Revenue	0.01	0.01
Sales General And Administrative To Revenue	0.07	0.05
Capex To Revenue	0.12	0.14
Revenue Per Share	6.97	3.69
Ebit Per Revenue	0.08	0.08

Pair Trading with Summit Hotel

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Summit Hotel position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Summit Hotel will appreciate offsetting losses from the drop in the long position's value.

Moving against Summit Stock

0.55	WELL	Welltower	Pair Corr
0.45	AKR	Acadia Realty Trust	Pair Corr
0.44	UE	Urban Edge Properties	Pair Corr
0.36	ADC	Agree Realty	Pair Corr

The ability to find closely correlated positions to Summit Hotel could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Summit Hotel when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Summit Hotel - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Summit Hotel Properties to buy it.

The correlation of Summit Hotel is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Summit Hotel moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Summit Hotel Properties moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Summit Hotel can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

When determining whether Summit Hotel Properties offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Summit Hotel's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Summit Hotel Properties Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Summit Hotel Properties Stock:

How To Invest In Summit

Details

Is Summit Stock a good investment?

Details

What is Summit Hotel's Net Worth?

Details

Largest Hotel & Resort REITs Companies

View

Largest Equity Real Estate Investment Trusts (REITs) Companies

View

Check out the analysis of Summit Hotel Correlation against competitors.

You can also try the Portfolio Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.

Is Hotel & Resort REITs space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Summit Hotel. If investors know Summit will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Summit Hotel listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

(0.79)

Dividend Share

0.28

Earnings Share

0.05

Revenue Per Share

6.957

Quarterly Revenue Growth

(0.03)

The market value of Summit Hotel Properties is measured differently than its book value, which is the value of Summit that is recorded on the company's balance sheet. Investors also form their own opinion of Summit Hotel's value that differs from its market value or its book value, called intrinsic value, which is Summit Hotel's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Summit Hotel's market value can be influenced by many factors that don't directly affect Summit Hotel's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Summit Hotel's value and its price as these two are different measures arrived at by different means. Investors typically determine if Summit Hotel is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Summit Hotel's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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Summit Financial Statements From 2010 to 2024

Summit Hotel Total Revenue

416.74 Million

Summit Hotel Balance Sheet

Summit Hotel Income Statement

Summit Hotel Cash Flow Statement

Financial Ratios

Summit Hotel Valuation Data

Summit Fundamental Market Drivers

Summit Upcoming Events

About Summit Hotel Financial Statements

Pair Trading with Summit Hotel

Moving against Summit Stock

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