Summit Hotel Properties (Summit Hotel Properties) Days Payable : 4.83 (As of Dec. 2023)

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What is Summit Hotel Properties Days Payable?

Summit Hotel Properties's average Accounts Payable for the three months ended in Dec. 2023 was $5.85 Mil. Summit Hotel Properties's Cost of Goods Sold for the three months ended in Dec. 2023 was $110.68 Mil. Hence, Summit Hotel Properties's Days Payable for the three months ended in Dec. 2023 was 4.83.

The historical rank and industry rank for Summit Hotel Properties's Days Payable or its related term are showing as below:

INNpD.PFD' s Days Payable Range Over the Past 10 Years
Min: 4.11 Med: 6.17 Max: 17.32
Current: 4.47

During the past 13 years, Summit Hotel Properties's highest Days Payable was 17.32. The lowest was 4.11. And the median was 6.17.

INNpD.PFD's Days Payable is ranked worse than
98.29% of 527 companies
in the REITs industry
Industry Median: 125.84 vs INNpD.PFD: 4.47

Summit Hotel Properties's Days Payable declined from Dec. 2022 (4.92) to Dec. 2023 (4.83). It may suggest that Summit Hotel Properties accelerated paying its suppliers.

Summit Hotel Properties Days Payable Historical Data

The historical data trend for Summit Hotel Properties's Days Payable 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 Days Payable Chart

Summit Hotel Properties Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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5.56

6.78

5.32

4.34

4.11

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
Days Payable	Get a 7-Day Free Trial															4.92	4.37	4.20	4.89	4.83

Competitive Comparison of Summit Hotel Properties's Days Payable

For the REIT - Hotel & Motel subindustry, Summit Hotel Properties's Days Payable, along with its competitors' market caps and Days Payable data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Summit Hotel Properties's Days Payable Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Summit Hotel Properties's Days Payable distribution charts can be found below:

* The bar in red indicates where Summit Hotel Properties's Days Payable falls into.

Summit Hotel Properties Days Payable Calculation

Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

Summit Hotel Properties's Days Payable for the fiscal year that ended in Dec. 2023 is calculated as

	Days Payable (A: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2022 )	+	Accounts Payable (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (5.517	+	4.827)	/	2 )	/	459.653	*	365
=	5.172					/	459.653	*	365
=	4.11

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

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (6.88	+	4.827)	/	2 )	/	110.679	*	365 / 4
=	5.8535					/	110.679	*	365 / 4
=	4.83

Summit Hotel Properties Days Payable 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:INNpD.PFD) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

INNpE.PFD:USA INN: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.