Summit Hotel Properties (Summit Hotel Properties) COGS-to-Revenue : 0.62 (As of Dec. 2023)

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What is Summit Hotel Properties COGS-to-Revenue?

Summit Hotel Properties's Cost of Goods Sold for the three months ended in Dec. 2023 was $110.68 Mil. Its Revenue for the three months ended in Dec. 2023 was $177.44 Mil.

Summit Hotel Properties's COGS to Revenue for the three months ended in Dec. 2023 was 0.62.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Summit Hotel Properties's Gross Margin % for the three months ended in Dec. 2023 was 37.62%.

Summit Hotel Properties COGS-to-Revenue Historical Data

The historical data trend for Summit Hotel Properties's COGS-to-Revenue 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 COGS-to-Revenue Chart

Summit Hotel Properties Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.61

0.85

0.68

0.62

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
COGS-to-Revenue	Get a 7-Day Free Trial															0.61	0.63	0.61	0.63	0.62

Summit Hotel Properties COGS-to-Revenue Calculation

Summit Hotel Properties's COGS to Revenue for the fiscal year that ended in Dec. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	459.653	/	736.127
	=	0.62

Summit Hotel Properties's COGS to Revenue for the quarter that ended in Dec. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	110.679	/	177.435
	=	0.62

Summit Hotel Properties (NYSE:INNpCCL.PFD) COGS-to-Revenue Explanation

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin.

Summit Hotel Properties's Gross Margin % for the three months ended in Dec. 2023 is calculated as:

Gross Margin %	=	1	-	COGS to Revenue
	=	1	-	Cost of Goods Sold / Revenue
	=	1	-	110.679 / 177.435
	=	37.62 %

A company that has a moat can usually maintain or even expand their Gross Margin. A company can increase its Gross Margin in two ways. It can increase the prices of the goods it sells and keeps its Cost of Goods Sold unchanged. Or it can keep the sales price unchanged and squeeze its suppliers to reduce the Cost of Goods Sold. Warren Buffett believes businesses with the power to raise prices have moats.

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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:INNpCCL.PFD) » Definitions » COGS-to-Revenue

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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.