Summit Historical Cash Flow
| INN Stock | USD 5.40 0.04 0.74% |
Analysis of Summit Hotel cash flow over time is an excellent tool to project Summit Hotel Properties future capital expenditures as well as to predict the amount of cash needed to cover cost of sales, R&D expenses or production expansions. Investors should almost always look for trends in cash flow indicators such as Change In Working Capital of 1.2 M or Begin Period Cash Flow of 43.3 M as it is a great indicator of Summit Hotel ability to facilitate future growth, repay debt on time or pay out dividends.
Financial Statement Analysis is much more than just reviewing and examining Summit Hotel Properties latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Summit Hotel Properties is a good buy for the upcoming year.
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About Summit Cash Flow Analysis
The Cash Flow Statement is a financial statement that shows how changes in Summit balance sheet and income statement accounts affect cash and cash equivalents. It breaks the analysis down to operating, investing, and financing activities. One of the most critical aspects of the cash flow statement is liquidity, which is the degree to which Summit's non-liquid assets can be easily converted into cash.
Summit Hotel Cash Flow Chart
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Begin Period Cash Flow
The amount of cash a company has at the beginning of a financial reporting period. It serves as the starting point for calculating the period's cash flow from operations, investing, and financing activities.Dividends Paid
The total amount of dividends that a company has paid out to its shareholders over a specific period.Stock Based Compensation
Compensation provided to employees in the form of equity or options to purchase company stock. This type of compensation is used to align the interests of employees and shareholders.Most accounts from Summit Hotel's cash flow statement are interrelated and interconnected. However, analyzing cash flow statement accounts 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 cash flow statement accounts, 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 Change To Operating Activities is very stable compared to the past year.
Summit Hotel cash flow statement Correlations
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Summit Hotel Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Summit Hotel cash flow statement Accounts
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 (projected) | ||
| Change In Cash | (30.9M) | 58.0M | (35.1M) | (14.0M) | 590K | 523.3K | |
| Free Cash Flow | (42.1M) | 66.1M | 169.6M | 64.1M | 166.3M | 174.6M | |
| Change In Working Capital | (17.7M) | 12.6M | 13.5M | 672K | 2.1M | 1.2M | |
| Begin Period Cash Flow | 69.8M | 38.9M | 96.9M | 61.8M | 47.8M | 43.3M | |
| Other Cashflows From Financing Activities | (2.2M) | 414.8M | 623.5M | (1.3M) | (56.4M) | (53.6M) | |
| Depreciation | 109.6M | 106.0M | 150.2M | 150.9M | 146.4M | 86.9M | |
| Other Non Cash Items | 6.8M | 5.4M | (3.6M) | 3.7M | (30.0M) | (28.5M) | |
| Capital Expenditures | 341.8M | 22.6M | 20.4M | 286.7M | 89.6M | 0.0 | |
| Total Cash From Operating Activities | (42.1M) | 66.1M | 169.6M | 153.6M | 166.3M | 98.4M | |
| Change To Account Receivables | 1.3M | (2.7M) | (7.3M) | (334K) | 2.7M | 2.9M | |
| Net Income | (149.2M) | (68.6M) | 1.2M | (9.5M) | 38.9M | 40.8M | |
| Total Cash From Financing Activities | 41.8M | 66.2M | 85.8M | (65.7M) | (94.2M) | (89.5M) | |
| End Period Cash Flow | 38.9M | 96.9M | 61.8M | 47.8M | 48.4M | 44.1M | |
| Dividends Paid | 34.2M | 15.5M | 28.4M | 45.8M | 36.9M | 49.0M | |
| Other Cashflows From Investing Activities | (2.2M) | (69.6M) | (3.8M) | 36.2M | (71.5M) | (67.9M) | |
| Change To Liabilities | 943K | (18.0M) | 16.6M | (438K) | (394.2K) | (374.5K) | |
| Sale Purchase Of Stock | (469K) | (77.7M) | (2.5M) | (1.8M) | (939K) | (892.1K) | |
| Stock Based Compensation | 6.5M | 10.7M | 8.4M | 7.7M | 8.1M | 6.0M | |
| Total Cashflows From Investing Activities | (182.2M) | (30.7M) | (74.2M) | (290.5M) | (334.1M) | (350.8M) | |
| Investments | (5.9M) | 15.8M | (290.5M) | (102.0M) | (71.5M) | (67.9M) | |
| Change Receivables | 2.8M | 511K | 1.3M | (2.7M) | (3.1M) | (3.0M) | |
| Net Borrowings | 53.9M | 75.9M | (31.6M) | (398K) | (358.2K) | (340.3K) | |
| Cash And Cash Equivalents Changes | 6.5M | (2.7M) | (30.9M) | 58.0M | 66.8M | 70.1M | |
| Cash Flows Other Operating | (3.2M) | (33K) | (3.5M) | (2.2M) | (2.0M) | (1.9M) | |
| Change To Netincome | (36.2M) | 15.5M | 12.6M | (6.4M) | (7.3M) | (7.7M) | |
| Change To Operating Activities | 1.8M | (17.6M) | 13.4M | 21.2M | 24.4M | 25.6M |
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
| 0.61 | Z | Zillow Group Class | PairCorr |
| 0.83 | UE | Urban Edge Properties | PairCorr |
| 0.86 | EQIX | Equinix | PairCorr |
| 0.84 | ESBA | Empire State Realty | PairCorr |
| 0.86 | FISK | Empire State Realty | PairCorr |
Moving against Summit Stock
| 0.86 | CCI | Crown Castle | PairCorr |
| 0.8 | AMT | American Tower Corp | PairCorr |
| 0.8 | MPW | Medical Properties Trust Aggressive Push | PairCorr |
| 0.74 | BNL | Broadstone Net Lease | PairCorr |
| 0.42 | OHI | Omega Healthcare Inv | PairCorr |
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.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 Portfolio Suggestion module to get suggestions outside of your existing asset allocation including your own model 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 0.3 | Earnings Share 0.22 | Revenue Per Share | 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.