Summit Hotel Properties (Summit Hotel Properties) Days Sales Outstanding

: 11.71 (As of Dec. 2023)

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Summit Hotel Properties's average Accounts Receivable for the three months ended in Dec. 2023 was $22.8 Mil. Summit Hotel Properties's Revenue for the three months ended in Dec. 2023 was $177.4 Mil. Hence, Summit Hotel Properties's Days Sales Outstanding for the three months ended in Dec. 2023 was 11.71.

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

INN' s Days Sales Outstanding Range Over the Past 10 Years
Min: 6.74 Med: 9.78 Max: 19.5
Current: 11.18

During the past 13 years, Summit Hotel Properties's highest Days Sales Outstanding was 19.50. The lowest was 6.74. And the median was 9.78.

INN's Days Sales Outstanding is ranked better than
68.06% of 623 companies
in the REITs industry
Industry Median: 22.41 vs INN: 11.18

Summit Hotel Properties's Days Sales Outstanding declined from Dec. 2022 (11.79) to Dec. 2023 (11.71).

Summit Hotel Properties Days Sales Outstanding Historical Data

The historical data trend for Summit Hotel Properties's Days Sales Outstanding 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.

* Premium members only.

Summit Hotel Properties Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

9.06

19.50

13.24

9.59

10.50

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 Sales Outstanding																11.79	11.28	10.83	11.62	11.71

Competitive Comparison

For the REIT - Hotel & Motel subindustry, Summit Hotel Properties's Days Sales Outstanding, along with its competitors' market caps and Days Sales Outstanding 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 Days Sales Outstanding Distribution

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

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

Summit Hotel Properties Days Sales Outstanding Calculation

Days Sales Outstanding measures 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.

Accounts Receivable can be measured by Days Sales Outstanding.

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

	Days Sales Outstanding (A: Dec. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Dec. 2022 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )	/	Revenue (A: Dec. 2023 )	*	Days in Period
=	( (21.015	+	21.348)	/	2 )	/	736.127	*	365
=	21.1815					/	736.127	*	365
=	10.50

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

	Days Sales Outstanding (Q: Dec. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Sep. 2023 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )	/	Revenue (A: Dec. 2023 )	*	Days in Period
=	( (24.209	+	21.348)	/	2 )	/	177.435	*	365 / 4
=	22.7785					/	177.435	*	365 / 4
=	11.71

Summit Hotel Properties (NYSE:INN) Days Sales Outstanding Explanation

For retailers, when we compare Days Sales Outstanding, it is important to compare the same period in the previous years.

Summit Hotel Properties Days Sales Outstanding 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 » Days Sales Outstanding

Comparable Companies

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