Summit Historical Income Statement

INN Stock

USD 6.23 0.15 2.47%

Historical analysis of Summit Hotel income statement accounts such as Total Revenue of 416.7 M or Gross Profit of 185.4 M can show how well Summit Hotel Properties performed in making a profits. Evaluating Summit Hotel income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Summit Hotel's future profits or losses.

Cash Flow Balance Sheet Income Statement

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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.

Net Income Gross Profit

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.

About Summit Income Statement Analysis

Summit Hotel Properties Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Summit Hotel shareholders. The income statement also shows Summit investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).

Summit Hotel Income Statement Chart

At this time, Summit Hotel's Minority Interest is very stable compared to the past year. As of the 22nd of November 2024, Tax Provision is likely to grow to about 2.9 M, while Total Revenue is likely to drop about 416.7 M.

Total Revenue Other Operating Expenses Ebitda Income Tax Expense Selling General Administrative

Total Revenue

Total revenue comprises all receipts Summit Hotel Properties generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.

Other Operating Expenses

Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Summit Hotel Properties. It is also known as Summit Hotel overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.

Most accounts from Summit Hotel's income statement are interrelated and interconnected. However, analyzing income 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 income 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.

	2021	2022	2023	2024 (projected)
Interest Expense	43.4M	65.6M	86.8M	91.1M
Depreciation And Amortization	391.1M	617.8M	150.9M	248.5M

Interest Expense Depreciation And Amortization

Summit Hotel income statement Correlations

	Depreciation And Amortization	Interest Expense	Total Revenue	Gross Profit	Other Operating Expenses	Operating Income	Ebit	Ebitda	Cost Of Revenue	Total Operating Expenses	Income Before Tax	Total Other Income Expense Net	Net Income	Income Tax Expense	Selling General Administrative	Discontinued Operations	Net Income From Continuing Ops	Non Recurring	Non Operating Income Net Other	Minority Interest	Tax Provision	Interest Income	Net Interest Income	Reconciled Depreciation	Selling And Marketing Expenses
Depreciation And Amortization		0.39	0.59	0.38	0.64	0.25	-0.91	0.49	0.38	0.32	0.1	-0.05	0.09	0.16	0.64	0.65	0.09	0.13	0.12	-0.15	0.22	0.52	-0.31	0.42	0.07
Interest Expense	0.39		0.64	0.01	0.73	0.1	-0.08	0.5	0.98	0.5	-0.28	-0.7	-0.22	0.43	0.74	0.63	-0.3	0.72	-0.08	0.76	0.71	-0.33	-0.98	0.9	-0.79
Total Revenue	0.59	0.64		0.58	0.96	0.64	-0.3	0.95	0.69	0.8	0.36	-0.13	0.39	0.35	0.73	0.73	0.34	0.42	0.29	0.41	0.36	0.0	-0.57	0.62	-0.23
Gross Profit	0.38	0.01	0.58		0.41	0.76	-0.17	0.69	0.06	0.62	0.79	0.5	0.78	0.08	0.04	0.46	0.78	0.01	0.65	-0.01	-0.13	0.12	0.14	-0.13	0.1
Other Operating Expenses	0.64	0.73	0.96	0.41		0.42	-0.39	0.84	0.74	0.79	0.12	-0.29	0.14	0.42	0.82	0.78	0.1	0.49	0.19	0.38	0.47	0.05	-0.67	0.75	-0.25
Operating Income	0.25	0.1	0.64	0.76	0.42		0.03	0.84	0.24	0.4	0.88	0.43	0.9	-0.05	0.22	0.26	0.88	-0.01	0.39	0.26	-0.17	-0.08	-0.04	0.0	-0.03
Ebit	-0.91	-0.08	-0.3	-0.17	-0.39	0.03		-0.17	-0.04	-0.09	0.06	-0.05	0.1	-0.07	-0.46	-0.43	0.06	0.09	-0.02	0.5	-0.06	-0.74	0.02	-0.21	-0.39
Ebitda	0.49	0.5	0.95	0.69	0.84	0.84	-0.17		0.58	0.72	0.6	0.06	0.62	0.24	0.61	0.59	0.58	0.31	0.36	0.42	0.21	-0.06	-0.43	0.45	-0.19
Cost Of Revenue	0.38	0.98	0.69	0.06	0.74	0.24	-0.04	0.58		0.48	-0.15	-0.63	-0.08	0.36	0.72	0.6	-0.16	0.67	-0.1	0.81	0.64	-0.38	-0.96	0.85	-0.8
Total Operating Expenses	0.32	0.5	0.8	0.62	0.79	0.4	-0.09	0.72	0.48		0.26	-0.04	0.29	0.38	0.4	0.7	0.24	0.39	0.52	0.38	0.28	-0.22	-0.39	0.41	-0.23
Income Before Tax	0.1	-0.28	0.36	0.79	0.12	0.88	0.06	0.6	-0.15	0.26		0.76	1.0	-0.23	-0.11	0.11	1.0	-0.35	0.62	-0.04	-0.43	0.0	0.36	-0.39	0.23
Total Other Income Expense Net	-0.05	-0.7	-0.13	0.5	-0.29	0.43	-0.05	0.06	-0.63	-0.04	0.76		0.72	-0.47	-0.44	-0.1	0.77	-0.73	0.62	-0.53	-0.77	0.2	0.79	-0.78	0.6
Net Income	0.09	-0.22	0.39	0.78	0.14	0.9	0.1	0.62	-0.08	0.29	1.0	0.72		-0.24	-0.09	0.13	1.0	-0.31	0.62	0.04	-0.4	-0.07	0.3	-0.35	0.16
Income Tax Expense	0.16	0.43	0.35	0.08	0.42	-0.05	-0.07	0.24	0.36	0.38	-0.23	-0.47	-0.24		0.38	0.16	-0.28	0.33	-0.15	0.21	0.63	0.05	-0.42	0.48	-0.2
Selling General Administrative	0.64	0.74	0.73	0.04	0.82	0.22	-0.46	0.61	0.72	0.4	-0.11	-0.44	-0.09	0.38		0.67	-0.14	0.53	-0.09	0.31	0.5	0.15	-0.72	0.79	-0.26
Discontinued Operations	0.65	0.63	0.73	0.46	0.78	0.26	-0.43	0.59	0.6	0.7	0.11	-0.1	0.13	0.16	0.67		0.09	0.48	0.39	0.23	0.27	0.02	-0.48	0.46	-0.27
Net Income From Continuing Ops	0.09	-0.3	0.34	0.78	0.1	0.88	0.06	0.58	-0.16	0.24	1.0	0.77	1.0	-0.28	-0.14	0.09		-0.36	0.62	-0.05	-0.44	0.0	0.38	-0.41	0.24
Non Recurring	0.13	0.72	0.42	0.01	0.49	-0.01	0.09	0.31	0.67	0.39	-0.35	-0.73	-0.31	0.33	0.53	0.48	-0.36		-0.23	0.57	0.57	-0.24	-0.7	0.67	-0.58
Non Operating Income Net Other	0.12	-0.08	0.29	0.65	0.19	0.39	-0.02	0.36	-0.1	0.52	0.62	0.62	0.62	-0.15	-0.09	0.39	0.62	-0.23		-0.05	-0.23	-0.06	0.22	-0.23	0.12
Minority Interest	-0.15	0.76	0.41	-0.01	0.38	0.26	0.5	0.42	0.81	0.38	-0.04	-0.53	0.04	0.21	0.31	0.23	-0.05	0.57	-0.05		0.47	-0.8	-0.78	0.57	-0.92
Tax Provision	0.22	0.71	0.36	-0.13	0.47	-0.17	-0.06	0.21	0.64	0.28	-0.43	-0.77	-0.4	0.63	0.5	0.27	-0.44	0.57	-0.23	0.47		-0.06	-0.75	0.77	-0.51
Interest Income	0.52	-0.33	0.0	0.12	0.05	-0.08	-0.74	-0.06	-0.38	-0.22	0.0	0.2	-0.07	0.05	0.15	0.02	0.0	-0.24	-0.06	-0.8	-0.06		0.34	-0.05	0.74
Net Interest Income	-0.31	-0.98	-0.57	0.14	-0.67	-0.04	0.02	-0.43	-0.96	-0.39	0.36	0.79	0.3	-0.42	-0.72	-0.48	0.38	-0.7	0.22	-0.78	-0.75	0.34		-0.94	0.78
Reconciled Depreciation	0.42	0.9	0.62	-0.13	0.75	0.0	-0.21	0.45	0.85	0.41	-0.39	-0.78	-0.35	0.48	0.79	0.46	-0.41	0.67	-0.23	0.57	0.77	-0.05	-0.94		-0.54
Selling And Marketing Expenses	0.07	-0.79	-0.23	0.1	-0.25	-0.03	-0.39	-0.19	-0.8	-0.23	0.23	0.6	0.16	-0.2	-0.26	-0.27	0.24	-0.58	0.12	-0.92	-0.51	0.74	0.78	-0.54

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Summit Hotel Account Relationship Matchups

Summit Hotel income statement Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Depreciation And Amortization	472.8M	342.1M	391.1M	617.8M	150.9M	248.5M
Interest Expense	41.0M	43.3M	43.4M	65.6M	86.8M	91.1M
Total Revenue	549.3M	234.5M	361.9M	675.7M	736.1M	416.7M
Gross Profit	216.2M	34.1M	117.3M	255.9M	107.1M	185.4M
Other Operating Expenses	472.8M	342.1M	387.2M	617.1M	677.3M	378.1M
Operating Income	82.0M	(102.8M)	(15.8M)	67.8M	58.8M	40.8M
Ebit	(291.4M)	(340.1M)	(308.0M)	(409.8M)	75.8M	79.6M
Ebitda	181.4M	2.0M	83.1M	208.0M	226.7M	125.9M
Cost Of Revenue	333.2M	200.4M	244.6M	419.8M	629.0M	660.5M
Total Operating Expenses	139.6M	141.7M	142.6M	197.3M	272.9M	162.2M
Income Before Tax	83.8M	(147.9M)	(67.1M)	4.8M	(25.3M)	(24.1M)
Total Other Income Expense Net	1.9M	(38.5M)	(33.8M)	(63.0M)	(84.1M)	(79.9M)
Net Income	82.6M	(149.2M)	(68.6M)	1.5M	(9.5M)	(9.0M)
Income Tax Expense	1.5M	1.4M	1.5M	3.6M	2.8M	1.6M
Selling General Administrative	40.2M	27.3M	39.3M	48.2M	51.0M	29.1M
Research Development	0.15	0.63	0.19	0.01	0.03	0.0285
Preferred Stock And Other Adjustments	20.0M	19.9M	14.8M	18.1M	20.9M	19.1M
Net Income From Continuing Ops	82.3M	(149.2M)	(68.6M)	1.2M	(28.1M)	(26.7M)
Non Recurring	1.1M	2.5M	1.8M	8.2M	9.4M	9.9M
Non Operating Income Net Other	6.9M	5.5M	4.8M	9.5M	8.6M	8.1M
Net Income Applicable To Common Shares	67.8M	(158.2M)	(83.7M)	(16.9M)	(15.2M)	(14.5M)
Minority Interest	(262K)	(5.9M)	(3.0M)	249K	18.6M	19.6M
Tax Provision	1.5M	1.4M	1.5M	3.6M	2.8M	2.9M
Interest Income	41.0M	43.3M	43.4M	65.6M	1.7M	1.6M
Net Interest Income	(41.0M)	(43.3M)	(43.4M)	(65.6M)	(85.1M)	(80.9M)
Reconciled Depreciation	99.4M	109.6M	106.0M	150.2M	150.9M	126.2M

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

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0.37	SPG	Simon Property Group	Pair Corr
0.31	SBRA	Sabra Healthcare REIT Sell-off Trend	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

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Is Summit Stock a good investment?

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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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You can also try the Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.

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 Historical Income Statement

About Summit Income Statement Analysis

Summit Hotel Income Statement Chart

Total Revenue

Other Operating Expenses

Summit Hotel income statement Correlations

Summit Hotel Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Summit Hotel income statement Accounts

Pair Trading with Summit Hotel

Moving against Summit Stock

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Net Income	+ 1.0	Income Before Tax
Net Income From Continuing Ops	+ 1.0	Income Before Tax
Net Income From Continuing Ops	+ 1.0	Net Income
Cost Of Revenue	+ 0.98	Interest Expense
Other Operating Expenses	+ 0.96	Total Revenue
Ebitda	+ 0.95	Total Revenue

Net Interest Income	- 0.98	Interest Expense
Net Interest Income	- 0.96	Cost Of Revenue
Reconciled Depreciation	- 0.94	Net Interest Income
Selling And Marketing Expenses	- 0.92	Minority Interest
Ebit	- 0.91	Depreciation And Amortization
Interest Income	- 0.8	Minority Interest