Summit Hotel Properties (Summit Hotel Properties) EBIT : $61.48 Mil (TTM As of Dec. 2023)

View and export this data going back to 2013. Start your Free Trial

What is Summit Hotel Properties EBIT?

Summit Hotel Properties's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $1.47 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $61.48 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Summit Hotel Properties's annualized ROC % for the quarter that ended in Dec. 2023 was 2.44%. Summit Hotel Properties's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 12.06%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Summit Hotel Properties's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 15.31%.

Summit Hotel Properties EBIT Historical Data

The historical data trend for Summit Hotel Properties's EBIT 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 EBIT Chart

Summit Hotel Properties Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

Get a 7-Day Free Trial

124.88

-104.57

-23.74

70.41

61.48

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
EBIT	Get a 7-Day Free Trial															6.26	18.47	23.93	17.61	1.47

Competitive Comparison of Summit Hotel Properties's EBIT

For the REIT - Hotel & Motel subindustry, Summit Hotel Properties's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT 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 EV-to-EBIT Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Summit Hotel Properties's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Summit Hotel Properties's EV-to-EBIT falls into.

Summit Hotel Properties EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT 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 $61.48 Mil.

Summit Hotel Properties (NYSE:INNpCCL.PFD) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Summit Hotel Properties's annualized ROC % for the quarter that ended in Dec. 2023 is calculated as:

	ROC % (Q: Dec. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Sep. 2023 )	+	Invested Capital (Q: Dec. 2023 ))	/ count )
=	68.316 * ( 1 - -5.55% )	/	( (2915.242	+	2987.726)	/ 2 )
=	72.107538	/	2951.484
=	2.44 %

where

	Invested Capital		(Q: Sep. 2023 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	3015.189	-	99.089	-	( 55.307	-	max(0, 99.089	-	99.947	+	55.307	))
=	2915.242

	Invested Capital		(Q: Dec. 2023 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	2939.248	-	86.042	-	( 37.837	-	max(0, 286.042	-	151.522	+	37.837	))
=	2987.726

Note: The Operating Income data used here is four times the quarterly (Dec. 2023) data.

2. Joel Greenblatt's definition of Return on Capital:

Summit Hotel Properties's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Dec. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Sep. 2023		Q: Dec. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	5.892	/	( ( (35.215 + max(-54.449, 0))	+	(34.814 + max(27.643, 0)) )	/	2 )
=	5.892	/	( ( 35.215	+	62.457 )	/	2 )
=	5.892	/	48.836
=	12.06 %

where Working Capital is:

	Working Capital		(Q: Sep. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(24.209	+	0	+	20.431)	-	(99.089	+	0	+	0)
=	-54.449

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(21.348	+	0	+	92.337)	-	(86.042	+	0	+	-5.6843418860808E-14)
=	27.643

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Summit Hotel Properties's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	61.48	/	401.505
	=	15.31 %

Summit Hotel Properties EBIT Related Terms

Thank you for viewing the detailed overview of Summit Hotel Properties's EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.

Summit Hotel Properties (Summit Hotel Properties) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Summit Hotel Properties Inc (NYSE:INNpCCL.PFD) » Definitions » EBIT

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.