What is Summit Midstream Partners LP Selling, General, & Admin. Expense?
Selling, general, & admin. expense (SGA) includes the direct and indirect costs and all general and administrative expenses of a company. Summit Midstream Partners LP's selling, general, & admin. expense for the
three
months ended in Mar. 2024 was $14.8 Mil.
Its selling, general, & admin. expense for the trailing twelve months (TTM) ended in Mar. 2024 was $46.9 Mil.
Summit Midstream Partners LP Selling, General, & Admin. Expense Historical Data
The historical data trend for Summit Midstream Partners LP's Selling, General, & Admin. Expense 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 Midstream Partners LP Selling, General, & Admin. Expense Chart
Competitive Comparison of Summit Midstream Partners LP's Selling, General, & Admin. Expense
For the Oil & Gas Midstream subindustry, Summit Midstream Partners LP's Selling, General, & Admin. Expense, along with its competitors' market caps and Selling, General, & Admin. Expense 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 Midstream Partners LP's Selling, General, & Admin. Expense Distribution in the Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Summit Midstream Partners LP's Selling, General, & Admin. Expense distribution charts can be found below:
* The bar in red indicates where Summit Midstream Partners LP's Selling, General, & Admin. Expense falls into.
Summit Midstream Partners LP Selling, General, & Admin. Expense Calculation
Selling, General, & Admin. Expense (SGA) includes the direct and indirect costs and all general and administrative expenses of a company. For instance, personnel cost, advertising, rent, communication costs are all part of SGA.
Selling, General, & Admin. Expense for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $46.9 Mil.
* 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.
An efficient operation keeps SGA costs low and thus has higher profit margin. The percentage of SGA relative to total revenue is an indication of how efficiently the company operates. Compare this percentage among the companies in the same industry is a good way of finding more efficient operations. A comparison of the SGA cost relative to the revenue with the historical value can also be an indication of how efficient the company has become.
Warren Buffett likes companies with consistent SGA as the percentage of gross profit.
Companies with no durable competitive advantage show wild variation in SG&A as % of Gross Profit.
If SGA is less than 30% of Gross Profit, it is fantastic. If SGA is nearing 100%, it is is in highly competitive industry.
Summit Midstream Partners LP Selling, General, & Admin. Expense Related Terms
Thank you for viewing the detailed overview of Summit Midstream Partners LP's Selling, General, & Admin. Expense provided by GuruFocus.com. Please click on the following links to see related term pages.
Summit Midstream Partners LP (Summit Midstream Partners LP) Business Description
Summit Midstream Partners LP is a United States-based energy solutions provider involved in the oil and gas industry. The company develops, owns, and operates midstream energy infrastructure assets. The company conduct and reports operations in the midstream energy industry through five reportable segments: Northeast, Rockies, Permian, Piceance, and Barnett. It offers systems that gather natural gas from pad sites, wells, and central receipt points connected to the company's systems with provisions to supply to processing plants, contractors, and end-users. The Majority of its assets are located in the producing areas of unconventional resource basins in the continental United States. It derives the majority of its revenues from the Piceance.
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