Summit Hotel Properties (Summit Hotel Properties) Gross-Profit-to-Asset % : 9.96% (As of Mar. 2024)

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What is Summit Hotel Properties Gross-Profit-to-Asset %?

Gross-Profit-to-Asset % is calculated as Gross Profit divided by its average Total Assets over a certain period of time. Summit Hotel Properties's annualized Gross Profit for the quarter that ended in Mar. 2024 was $293.68 Mil. Summit Hotel Properties's average Total Assets over the quarter that ended in Mar. 2024 was $2,950.04 Mil. Therefore, Summit Hotel Properties's annualized Gross-Profit-to-Asset % for the quarter that ended in Mar. 2024 was 9.96%.

Summit Hotel Properties Gross-Profit-to-Asset % Historical Data

The historical data trend for Summit Hotel Properties's Gross-Profit-to-Asset % 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 Gross-Profit-to-Asset % Chart

Summit Hotel Properties Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross-Profit-to-Asset %

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9.44

1.48

5.22

9.68

9.28

Summit Hotel Properties Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Gross-Profit-to-Asset %	Get a 7-Day Free Trial															8.95	9.98	8.79	8.97	9.96

Competitive Comparison of Summit Hotel Properties's Gross-Profit-to-Asset %

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

For the REITs industry and Real Estate sector, Summit Hotel Properties's Gross-Profit-to-Asset % distribution charts can be found below:

* The bar in red indicates where Summit Hotel Properties's Gross-Profit-to-Asset % falls into.

Summit Hotel Properties Gross-Profit-to-Asset % Calculation

Summit Hotel Properties's annualized Gross-Profit-to-Asset % for the fiscal year that ended in Dec. 2023 is calculated as:

Gross-Profit-to-Asset %	=	Gross Profit (A: Dec. 2023 )	/	( (Total Assets (A: Dec. 2022 )	+	Total Assets (A: Dec. 2023 ))	/ count )
	=	276.474	/	( (3022.27	+	2939.248)	/ 2 )
	=	276.474	/	2980.759
	=	9.28 %

Summit Hotel Properties's annualized Gross-Profit-to-Asset % for the quarter that ended in Mar. 2024 is calculated as:

Gross-Profit-to-Asset %	=	Gross Profit (Q: Mar. 2024 )	/	( (Total Assets (Q: Dec. 2023 )	+	Total Assets (Q: Mar. 2024 ))	/ count )
	=	293.684	/	( (2939.248	+	2960.832)	/ 2 )
	=	293.684	/	2950.04
	=	9.96 %

In the calculation of annual Gross-Profit-to-Asset %, the Gross Profit of the last fiscal year and the average total assets over the fiscal year are used. In calculating the quarterly data, the Gross Profit data used here is four times the quarterly (Mar. 2024) data. Gross-Profit-to-Asset % is displayed in the 30-year financial page.

Summit Hotel Properties Gross-Profit-to-Asset % 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:INNpCCL.PFD) » Definitions » Gross-Profit-to-Asset %

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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.