Summit Financial Statements From 2010 to 2025

INN Stock  USD 5.78  0.12  2.12%   
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
329.6 M
Profit Margin
0.0596
Market Capitalization
621.4 M
Enterprise Value Revenue
2.7363
Revenue
731.8 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 2025 to make sure the company can sustain itself down the road.

Summit Hotel Total Revenue

439.58 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 243.3 M, Interest Expense of 86.8 M or Total Revenue of 439.6 M, as well as many indicators such as Price To Sales Ratio of 0.94, Dividend Yield of 0.059 or PTB Ratio of 0.76. 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

Current ValueLast YearHistorical Average 10 Year Trend
Common Stock Shares Outstanding141.9 M132.4 M184.2 M
Slightly volatile
Short and Long Term Debt TotalB1.4 BB
Slightly volatile
Property Plant And Equipment Net31.6 M33.3 M711.9 M
Slightly volatile
Non Current Assets Total1.8 B2.8 B1.8 B
Slightly volatile
Non Currrent Assets Other2.9 B2.7 B1.2 B
Slightly volatile
Cash And Short Term Investments2.9 B2.8 B388.9 M
Slightly volatile
Liabilities And Stockholders Equity1.9 B2.9 B1.9 B
Slightly volatile
Non Current Liabilities Total836.7 M1.5 B827.7 M
Slightly volatile
Property Plant And Equipment Gross31.6 M33.3 M88.1 M
Slightly volatile
Long Term Debt Total974.1 M1.7 B891.5 M
Slightly volatile
Capital Surpluse1.2 B1.4 B1.1 B
Slightly volatile
Cash And Equivalents46.2 M58.9 M41.2 M
Slightly volatile
Net Invested Capital2.4 B2.3 B2.2 B
Slightly volatile
Capital Stock1.3 M1.2 M1.2 M
Slightly volatile
Capital Lease Obligations24.1 M24.9 M20.8 M
Slightly volatile
Non Current Liabilities Other14.7 M15.5 M18.5 M
Slightly volatile

Summit Hotel Income Statement

Current ValueLast YearHistorical Average 10 Year Trend
Depreciation And Amortization243.3 M146.4 M247 M
Slightly volatile
Interest Expense86.8 M82.6 M42.1 M
Slightly volatile
Total Revenue439.6 M731.8 M436 M
Slightly volatile
Gross Profit201 M259.6 M198.5 M
Slightly volatile
Other Operating Expenses396.6 M628.3 M393 M
Slightly volatile
EBITDA134.3 M259.2 M133.6 M
Slightly volatile
Cost Of Revenue238.6 M472.1 M237.5 M
Slightly volatile
Total Operating Expenses158 M156.1 M155.5 M
Slightly volatile
Selling General Administrative29.4 M31.9 M27 M
Slightly volatile
Preferred Stock And Other Adjustments19.1 M20.9 M17.2 M
Slightly volatile
Non Recurring9.9 M9.4 M4.3 M
Slightly volatile
Non Operating Income Net Other8.1 M8.6 M15 M
Very volatile
Interest Income1.8 M1.9 M30.1 M
Pretty Stable
Reconciled Depreciation130.6 M146.4 M105.1 M
Slightly volatile
Selling And Marketing Expenses984 K1.1 M1.2 M
Slightly volatile

Summit Hotel Cash Flow Statement

Current ValueLast YearHistorical Average 10 Year Trend
Begin Period Cash Flow43.3 M47.8 M42.9 M
Slightly volatile
Depreciation86.9 M146.4 M86.2 M
Slightly volatile
End Period Cash Flow44.1 M48.4 M44.3 M
Slightly volatile
Dividends Paid49 M36.9 M47.6 M
Pretty Stable
Stock Based CompensationM8.1 M5.2 M
Slightly volatile

Financial Ratios

Current ValueLast YearHistorical Average 10 Year Trend
Price To Sales Ratio0.940.99162.7681
Slightly volatile
Dividend Yield0.0590.05080.054
Very volatile
PTB Ratio0.760.79782.1644
Slightly volatile
Days Sales Outstanding8.869.867910.6117
Pretty Stable
Book Value Per Share8.1413.075511.156
Pretty Stable
Average Payables781.1 K878.8 K958.1 K
Slightly volatile
Stock Based Compensation To Revenue0.00970.01110.0114
Slightly volatile
Capex To Depreciation0.750.680.711
Slightly volatile
PB Ratio0.760.79782.1644
Slightly volatile
EV To Sales2.732.87864.7367
Slightly volatile
Inventory Turnover4.434.245.7317
Pretty Stable
Days Of Inventory On Hand11489.1293.7192
Very volatile
Payables Turnover41.2563.375249.1852
Slightly volatile
Sales General And Administrative To Revenue0.04720.04360.0577
Slightly volatile
Capex To Revenue0.140.12170.1366
Slightly volatile
Cash Per Share27.6326.31045.4054
Slightly volatile
Days Payables Outstanding5.475.759411.3141
Slightly volatile
Intangibles To Total Assets0.00570.01110.006
Slightly volatile
Net Debt To EBITDA5.065.327440.2211
Pretty Stable
Current Ratio39537749.8266
Slightly volatile
Tangible Book Value Per Share8.0612.770911.0401
Pretty Stable
Receivables Turnover39.8236.988636.8857
Slightly volatile
Graham Number7.96.098.2179
Very volatile
Shareholders Equity Per Share7.228.58659.8731
Very volatile
Debt To Equity1.941.5631.2456
Very volatile
Capex Per Share0.670.980.6943
Pretty Stable
Average Receivables4.1 M4.8 M5.2 M
Slightly volatile
Revenue Per Share3.86.90844.927
Pretty Stable
Interest Debt Per Share7.8514.20059.7333
Slightly volatile
Debt To Assets0.550.49080.4637
Pretty Stable
Enterprise Value Over EBITDA7.728.126677.8425
Pretty Stable
Operating Cycle9.379.867981.6153
Pretty Stable
Price Book Value Ratio0.760.79782.1644
Slightly volatile
Days Of Payables Outstanding5.475.759411.3141
Slightly volatile
Company Equity Multiplier3.263.18432.4579
Pretty Stable
Long Term Debt To Capitalization0.560.70.4925
Slightly volatile
Total Debt To Capitalization0.590.60980.5052
Slightly volatile
Debt Equity Ratio1.941.5631.2456
Very volatile
Quick Ratio39537749.1551
Slightly volatile
Net Income Per E B T1.060.83390.9674
Pretty Stable
Cash Ratio5.735.45461.2021
Slightly volatile
Days Of Inventory Outstanding11489.1293.7192
Very volatile
Days Of Sales Outstanding8.869.867910.6117
Pretty Stable
Price To Book Ratio0.760.79782.1644
Slightly volatile
Fixed Asset Turnover23.0721.96958.0116
Slightly volatile
Enterprise Value Multiple7.728.126677.8425
Pretty Stable
Debt Ratio0.550.49080.4637
Pretty Stable
Price Sales Ratio0.940.99162.7681
Slightly volatile
Asset Turnover0.260.25270.2389
Slightly volatile
Gross Profit Margin0.520.35480.4641
Slightly volatile
Price Fair Value0.760.79782.1644
Slightly volatile

Summit Hotel Valuation Data

Current ValueLast YearHistorical Average 10 Year Trend
Market Cap821.4 M924.1 MB
Slightly volatile

Summit Fundamental Market Drivers

Cash And Short Term Investments2.8 B

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 ReportedProjected for Next Year
Current Deferred Revenue7.9 M8.3 M
Total Revenue731.8 M439.6 M
Cost Of Revenue472.1 M238.6 M
Stock Based Compensation To Revenue 0.01  0.01 
Sales General And Administrative To Revenue 0.04  0.05 
Capex To Revenue 0.12  0.14 
Revenue Per Share 6.91  3.80 
Ebit Per Revenue 0.14  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 together with Summit Stock

  0.81PK Park Hotels ResortsPairCorr

Moving against Summit Stock

  0.55WELL WelltowerPairCorr
  0.53VICI VICI PropertiesPairCorr
  0.5ELME Elme CommunitiesPairCorr
  0.48O Realty IncomePairCorr
  0.46FR First Industrial RealtyPairCorr
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 CorrelationCorrelation 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:
Check out the analysis of Summit Hotel Correlation against competitors.
You can also try the Portfolio Diagnostics module to use generated alerts and portfolio events aggregator to diagnose current holdings.
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
0.3
Earnings Share
0.22
Revenue Per Share
6.908
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.