Summit Hotel Properties (Summit Hotel Properties) Change In Receivables : $-0.3 Mil (TTM As of Dec. 2023)

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What is Summit Hotel Properties Change In Receivables?

Summit Hotel Properties's change in receivables for the quarter that ended in Dec. 2023 was $2.9 Mil. It means Summit Hotel Properties's Accounts Receivable declined by $2.9 Mil from Sep. 2023 to Dec. 2023 .

Summit Hotel Properties's change in receivables for the fiscal year that ended in Dec. 2023 was $-0.3 Mil. It means Summit Hotel Properties's Accounts Receivable increased by $0.3 Mil from Dec. 2022 to Dec. 2023 .

Summit Hotel Properties's Accounts Receivable for the quarter that ended in Dec. 2023 was $21.3 Mil.

Days Sales Outstanding measures of the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's Accounts Receivable are being managed. Summit Hotel Properties's Days Sales Outstanding for the three months ended in Dec. 2023 was 10.98.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Summit Hotel Properties's liquidation value for the three months ended in Dec. 2023 was $-1,488.7 Mil.

Summit Hotel Properties Change In Receivables Historical Data

The historical data trend for Summit Hotel Properties's Change In Receivables can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Summit Hotel Properties Change In Receivables Chart

Summit Hotel Properties Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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0.51

1.29

-2.70

-7.26

-0.33

Summit Hotel Properties Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Change In Receivables	Get a 7-Day Free Trial															2.50	-3.06	1.96	-2.10	2.86

Summit Hotel Properties Change In Receivables Calculation

Change In Accounts Receivable relative to the previous period. It is any increase or decrease in the cash a company is owed by its customers.

Change In Receivables for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.3 Mil.

Summit Hotel Properties (NYSE:INN) Change In Receivables Explanation

1. Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Days Sales Outstanding measures of the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's Accounts Receivable are being managed.

Summit Hotel Properties's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	21.348	/	177.435	*	91
=	10.98

2. In Ben Graham's calculation of liquidation value, Summit Hotel Properties's accounts receivable are only considered to be worth 75% of book value:

Summit Hotel Properties's liquidation value for the quarter that ended in Dec. 2023 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	37.837	-	1542.552	+	0.75 * 21.348	+	0.5 * 0
=	-1,488.7

Summit Hotel Properties Change In Receivables Related Terms

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Summit Hotel Properties (Summit Hotel Properties) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Summit Hotel Properties Inc (NYSE:INN) » Definitions » Change In Receivables

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Traded in Other Exchanges

INNpE.PFD:USA

Address

13215 Bee Cave Parkway, Suite B-300, Austin, TX, USA, 78738

Website

https://www.shpreit.com

Summit Hotel Properties Inc is a U.S.-based hotel investment company focusing on select-service hotels in the upscale and upper-midscale properties in the U.S. Substantially all of Summit's assets are held and operated by its Operating Partnership, Summit Hotel OP, LP, in which the company holds general and limited partnership interests. The firm has one segment in activities related to investing in real estate. Summit's revenue streams include Room and Other hotel operations revenue. Room comprises the majority of total revenues. The firm's hotels are located in various markets, such as corporate offices, retail centers, airports, state capitols, convention centers, and leisure attractions. Summit's hotels operate under brands, including Marriott, Hilton, Hyatt, and Holiday Inn.

Executives

Hope S Taitz	director	C/O ATHENE HOLDING LTD., WASHINGTON HOUSE, 16 CHURCH STREET, HAMILTON D0 HM 11
Jonathan P Stanner	officer: EVP & Chief Financial Officer	12600 HILL COUNTRY BLVD, SUITE R-100, AUSTIN TX 78738
Mehulkumar Bhikhubhai Patel	director	2117 KIMBALL HILL CT, SOUTHLAKE TX 76092
Newcrestimage Holdings, Llc	10 percent owner	1785 STATE HIGHWAY 26, SUITE 400, GRAPEVINE TX 76051
Bright Force Investment, Llc	10 percent owner	/C/O NEWCRESTIMAGE HOLDINGS, LLC, 1785 STATE HIGHWAY 26, SUITE 400, GRAPEVINE TX 76051
Daniel P Hansen	director, officer: President and CEO	4808 FLORENCE ST, BELLAIRE TX 77401
Craig J Aniszewski	officer: EVP and COO	119 STORMY POINTE LN, MOORESVILLE NC 28117
William Higgins Conkling	officer: EVP & Chief Financial Officer	13215 BEE CAVE PARKWAY, SUITE B-300, AUSTIN TX 78738
Amina Belouizdad	director	13215 BEE CAVE PARKWAY, SUITE B-300, AUSTIN TX 78783
Paul Ruiz	officer: SVP & Chief Accounting Officer	3200 WILCREST DRIVE SUITE 370, HOUSTON TX 77042
Jeffrey W Jones	director	P O BOX 7, VAIL CO 81658
Kenneth J Kay	director	3355 LAS VEGAS BOULEVARD SOUTH, LAS VEGAS NV 89109
Greg A Dowell	officer: Executive VP & CFO	805 LAS CIMAS PARKWAY, SUITE 400, AUSTIN TX 78746
Thomas W. Storey	director	2701 S. MINNESOTA AVENUE, SUITE 6, SIOUX FALLS SD 57105
Wayne Wielgus	director	10750 COLUMBIA PIKE, SILVER SPRING MD 20901