Summit Retained Earnings vs Other Assets Analysis

INN Stock

USD 6.53 0.03 0.46%

Summit Hotel financial indicator trend analysis is much more than just breaking down Summit Hotel Properties prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Summit Hotel Properties is a good investment. Please check the relationship between Summit Hotel Retained Earnings and its Other Assets accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Summit Hotel Properties. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Retained Earnings vs Other Assets

Retained Earnings vs Other Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Summit Hotel Properties Retained Earnings account and Other Assets. At this time, the significance of the direction appears to have almost no relationship.

The correlation between Summit Hotel's Retained Earnings and Other Assets is 0.13. Overlapping area represents the amount of variation of Retained Earnings that can explain the historical movement of Other Assets in the same time period over historical financial statements of Summit Hotel Properties, assuming nothing else is changed. The correlation between historical values of Summit Hotel's Retained Earnings and Other Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Retained Earnings of Summit Hotel Properties are associated (or correlated) with its Other Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Assets has no effect on the direction of Retained Earnings i.e., Summit Hotel's Retained Earnings and Other Assets go up and down completely randomly.

Correlation Coefficient

0.13

Relationship Direction	Positive
Relationship Strength	Insignificant

View All Relationships

Retained Earnings

The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.

Other Assets

Most indicators from Summit Hotel's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Summit Hotel Properties current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Summit Hotel Properties. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

At this time, Summit Hotel's Selling General Administrative is very stable compared to the past year. As of the 17th of February 2025, Discontinued Operations is likely to grow to about 594.1 K, while Sales General And Administrative To Revenue is likely to drop 0.05.

	2022	2023	2024	2025 (projected)
Interest Expense	65.6M	86.8M	99.8M	104.8M
Depreciation And Amortization	617.8M	150.9M	173.6M	248.5M

Interest Expense Depreciation And Amortization

Summit Hotel fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Net Tangible Assets	Total Permanent Equity	Retained Earnings	Accounts Payable	Cash	Other Assets	Long Term Debt	Net Receivables	Common Stock Total Equity	Retained Earnings Total Equity	Common Stock Shares Outstanding	Short Term Investments	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Additional Paid In Capital	Deferred Long Term Liab	Long Term Investments	Short Long Term Debt	Preferred Stock Total Equity
Total Assets		-0.05	0.5	0.81	-0.22	0.71	0.77	0.36	0.22	0.71	0.61	0.98	0.64	0.86	-0.64	-0.51	0.42	0.04	0.53	-0.29	0.86	0.77	0.73	0.82	0.54	0.88
Other Current Liab	-0.05		0.56	-0.3	0.07	-0.19	0.0	-0.16	0.14	-0.22	0.41	-0.16	-0.43	-0.29	0.04	0.11	-0.67	-0.54	0.7	0.11	0.16	0.0	-0.14	-0.13	-0.23	-0.13
Total Current Liabilities	0.5	0.56		0.23	0.11	0.2	0.42	0.18	0.17	0.28	0.74	0.46	0.17	0.36	-0.55	-0.22	-0.19	-0.45	0.87	-0.18	0.74	0.42	0.55	0.61	0.25	0.39
Total Stockholder Equity	0.81	-0.3	0.23		-0.03	0.9	0.65	0.46	0.4	0.73	0.18	0.77	0.81	0.94	-0.41	-0.65	0.3	0.26	0.15	-0.36	0.62	0.65	0.55	0.64	0.24	0.94
Other Liab	-0.22	0.07	0.11	-0.03		0.07	-0.48	-0.16	0.57	0.13	-0.31	-0.29	-0.17	-0.03	0.28	-0.38	-0.37	-0.01	-0.17	0.17	-0.29	-0.48	-0.03	-0.38	-0.46	-0.02
Net Tangible Assets	0.71	-0.19	0.2	0.9	0.07		0.65	0.08	0.43	0.61	0.15	0.64	0.74	0.81	-0.14	-0.83	0.21	0.13	0.15	0.02	0.56	0.65	0.41	0.53	0.17	0.81
Total Permanent Equity	0.77	0.0	0.42	0.65	-0.48	0.65		0.21	0.08	0.46	0.59	0.76	0.69	0.65	-0.46	-0.33	0.41	-0.28	0.51	-0.15	0.83	1.0	0.5	0.81	0.54	0.64
Retained Earnings	0.36	-0.16	0.18	0.46	-0.16	0.08	0.21		0.35	0.39	0.13	0.37	0.34	0.46	-0.44	0.12	0.14	0.23	0.1	-0.99	0.31	0.21	0.33	0.35	0.14	0.48
Accounts Payable	0.22	0.14	0.17	0.4	0.57	0.43	0.08	0.35		0.4	-0.05	0.12	0.11	0.31	0.23	-0.53	-0.14	-0.04	0.06	-0.32	0.11	0.08	0.1	-0.08	-0.21	0.4
Cash	0.71	-0.22	0.28	0.73	0.13	0.61	0.46	0.39	0.4		0.16	0.7	0.4	0.81	-0.57	-0.55	0.4	0.28	0.2	-0.32	0.58	0.46	0.71	0.57	0.26	0.79
Other Assets	0.61	0.41	0.74	0.18	-0.31	0.15	0.59	0.13	-0.05	0.16		0.62	0.15	0.35	-0.61	-0.14	0.19	-0.34	0.88	-0.13	0.83	0.59	0.36	0.66	0.59	0.34
Long Term Debt	0.98	-0.16	0.46	0.77	-0.29	0.64	0.76	0.37	0.12	0.7	0.62		0.63	0.85	-0.71	-0.44	0.54	0.08	0.48	-0.31	0.87	0.76	0.77	0.86	0.62	0.85
Net Receivables	0.64	-0.43	0.17	0.81	-0.17	0.74	0.69	0.34	0.11	0.4	0.15	0.63		0.72	-0.29	-0.36	0.33	0.01	0.05	-0.25	0.51	0.69	0.39	0.67	0.21	0.64
Common Stock Total Equity	0.86	-0.29	0.36	0.94	-0.03	0.81	0.65	0.46	0.31	0.81	0.35	0.85	0.72		-0.62	-0.66	0.4	0.27	0.27	-0.37	0.74	0.65	0.68	0.76	0.42	0.95
Retained Earnings Total Equity	-0.64	0.04	-0.55	-0.41	0.28	-0.14	-0.46	-0.44	0.23	-0.57	-0.61	-0.71	-0.29	-0.62		0.0	-0.37	-0.07	-0.51	0.42	-0.72	-0.46	-0.71	-0.74	-0.59	-0.58
Common Stock Shares Outstanding	-0.51	0.11	-0.22	-0.65	-0.38	-0.83	-0.33	0.12	-0.53	-0.55	-0.14	-0.44	-0.36	-0.66	0.0		-0.13	-0.21	-0.15	-0.21	-0.41	-0.33	-0.31	-0.33	-0.15	-0.62
Short Term Investments	0.42	-0.67	-0.19	0.3	-0.37	0.21	0.41	0.14	-0.14	0.4	0.19	0.54	0.33	0.4	-0.37	-0.13		0.24	-0.16	-0.1	0.34	0.4	0.38	0.45	0.62	0.28
Inventory	0.04	-0.54	-0.45	0.26	-0.01	0.13	-0.28	0.23	-0.04	0.28	-0.34	0.08	0.01	0.27	-0.07	-0.21	0.24		-0.41	-0.19	-0.16	-0.28	0.07	-0.04	-0.14	0.22
Other Current Assets	0.53	0.7	0.87	0.15	-0.17	0.15	0.51	0.1	0.06	0.2	0.88	0.48	0.05	0.27	-0.51	-0.15	-0.16	-0.41		-0.1	0.78	0.5	0.33	0.57	0.27	0.32
Other Stockholder Equity	-0.29	0.11	-0.18	-0.36	0.17	0.02	-0.15	-0.99	-0.32	-0.32	-0.13	-0.31	-0.25	-0.37	0.42	-0.21	-0.1	-0.19	-0.1		-0.26	-0.15	-0.28	-0.29	-0.12	-0.4
Total Liab	0.86	0.16	0.74	0.62	-0.29	0.56	0.83	0.31	0.11	0.58	0.83	0.87	0.51	0.74	-0.72	-0.41	0.34	-0.16	0.78	-0.26		0.83	0.66	0.92	0.57	0.72
Additional Paid In Capital	0.77	0.0	0.42	0.65	-0.48	0.65	1.0	0.21	0.08	0.46	0.59	0.76	0.69	0.65	-0.46	-0.33	0.4	-0.28	0.5	-0.15	0.83		0.5	0.81	0.54	0.64
Deferred Long Term Liab	0.73	-0.14	0.55	0.55	-0.03	0.41	0.5	0.33	0.1	0.71	0.36	0.77	0.39	0.68	-0.71	-0.31	0.38	0.07	0.33	-0.28	0.66	0.5		0.74	0.5	0.7
Long Term Investments	0.82	-0.13	0.61	0.64	-0.38	0.53	0.81	0.35	-0.08	0.57	0.66	0.86	0.67	0.76	-0.74	-0.33	0.45	-0.04	0.57	-0.29	0.92	0.81	0.74		0.6	0.67
Short Long Term Debt	0.54	-0.23	0.25	0.24	-0.46	0.17	0.54	0.14	-0.21	0.26	0.59	0.62	0.21	0.42	-0.59	-0.15	0.62	-0.14	0.27	-0.12	0.57	0.54	0.5	0.6		0.37
Preferred Stock Total Equity	0.88	-0.13	0.39	0.94	-0.02	0.81	0.64	0.48	0.4	0.79	0.34	0.85	0.64	0.95	-0.58	-0.62	0.28	0.22	0.32	-0.4	0.72	0.64	0.7	0.67	0.37

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Summit Hotel Account Relationship Matchups

Summit Hotel fundamental ratios Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Total Assets	2.2B	2.3B	3.0B	2.9B	3.4B	1.7B
Other Current Liab	(432.4M)	(277.3M)	(246.2M)	235.4M	211.9M	222.5M
Total Current Liabilities	67.8M	70.7M	86.8M	286.0M	328.9M	345.4M
Total Stockholder Equity	988.7M	948.1M	959.8M	911.2M	1.0B	776.1M
Other Liab	8.2M	2.8M	4.8M	9.9M	8.9M	9.9M
Net Tangible Assets	1.2B	988.6M	948.0M	924.9M	1.1B	912.2M
Noncontrolling Interest In Consolidated Entity	2.3M	69.6M	63.3M	159.1M	143.2M	150.4M
Retained Earnings	(179.0M)	(262.6M)	(288.2M)	(339.8M)	(390.8M)	(410.4M)
Accounts Payable	2.7M	4.5M	5.5M	4.8M	5.6M	5.2M
Cash	20.7M	64.5M	51.3M	37.8M	43.5M	33.1M
Other Assets	40.3M	2.2B	94.0M	2.9B	3.4B	3.5B
Long Term Debt	1.1B	1.1B	1.5B	1.2B	1.4B	713.1M
Net Receivables	35.5M	14.5M	21.0M	21.3M	24.6M	19.3M
Common Stock Total Equity	1.0M	1.1M	1.1M	1.1M	956.7K	908.9K
Retained Earnings Total Equity	4.8M	(2.3M)	(179.0M)	(262.6M)	(236.4M)	(224.6M)
Common Stock Shares Outstanding	104.1M	104.5M	105.1M	105.5M	95.0M	144.0M
Inventory	25.7M	54.1M	89.1M	(14.0M)	(16.1M)	(15.2M)
Other Current Assets	2.6M	3.3M	47.8M	93.3M	107.3M	112.6M
Other Stockholder Equity	1.2B	1.2B	1.2B	1.2B	1.1B	1.1B
Total Liab	1.2B	1.2B	1.6B	1.5B	1.8B	1.9B
Deferred Long Term Liab	4.7M	4.4M	11.1M	7.4M	8.5M	4.3M
Short Long Term Debt	497.5M	343.5M	215M	200M	230M	117.5M
Total Current Assets	84.5M	136.3M	169.8M	166.4M	191.4M	105.2M
Accumulated Other Comprehensive Income	(30.7M)	(15.6M)	14.5M	11.0M	12.6M	13.2M
Short Term Debt	497.5M	343.5M	217.2M	19.2M	17.3M	16.4M
Common Stock	1.1M	1.1M	1.1M	1.1M	968.4K	920.0K
Short Long Term Debt Total	1.6B	1.4B	1.7B	1.5B	1.7B	1.0B
Property Plant And Equipment Net	28.4M	26.9M	35.0M	34.8M	31.3M	29.8M
Net Debt	1.1B	1.0B	1.6B	1.4B	1.6B	816.6M
Non Current Assets Total	2.1B	2.1B	2.9B	2.8B	3.2B	1.7B
Non Currrent Assets Other	8.2M	3.8M	2.8B	2.7B	3.1B	3.2B
Cash And Short Term Investments	20.7M	64.5M	51.3M	51.8M	59.6M	36.1M
Liabilities And Stockholders Equity	2.2B	2.3B	3.0B	2.9B	3.4B	1.8B

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

0.52	NHI	National Health Investors Earnings Call Tomorrow	Pair Corr
0.52	LAND	Gladstone Land Earnings Call Tomorrow	Pair Corr
0.47	O	Realty Income Earnings Call Next Week	Pair Corr
0.44	CCI	Crown Castle	Pair Corr
0.43	REGCP	Regency Centers	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

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Largest Equity Real Estate Investment Trusts (REITs) Companies

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Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Summit Hotel Properties. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

You can also try the Options Analysis module to analyze and evaluate options and option chains as a potential hedge for your portfolios.

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 Retained Earnings vs Other Assets Analysis

Retained Earnings vs Other Assets

Retained Earnings vs Other Assets Correlation Analysis

Correlation Coefficient

Retained Earnings

Other Assets

Summit Hotel fundamental ratios Correlations

Summit Hotel Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Summit Hotel fundamental ratios Accounts

Pair Trading with Summit Hotel

Moving against Summit Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Additional Paid In Capital	+ 1.0	Total Permanent Equity
Long Term Debt	+ 0.98	Total Assets
Preferred Stock Total Equity	+ 0.95	Common Stock Total Equity
Common Stock Total Equity	+ 0.94	Total Stockholder Equity
Preferred Stock Total Equity	+ 0.94	Total Stockholder Equity
Long Term Investments	+ 0.92	Total Liab

Other Stockholder Equity	- 0.99	Retained Earnings
Common Stock Shares Outstanding	- 0.83	Net Tangible Assets
Long Term Investments	- 0.74	Retained Earnings Total Equity
Total Liab	- 0.72	Retained Earnings Total Equity
Deferred Long Term Liab	- 0.71	Retained Earnings Total Equity
Retained Earnings Total Equity	- 0.71	Long Term Debt