Summit Hotel Properties (FRA:SDP) Accounts Payable & Accrued Expense : €81.9 Mil (As of Mar. 2024)

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What is Summit Hotel Properties Accounts Payable & Accrued Expense?

Summit Hotel Properties's quarterly accounts payable & accrued expense declined from Sep. 2023 (€92.8 Mil) to Dec. 2023 (€78.9 Mil) but then increased from Dec. 2023 (€78.9 Mil) to Mar. 2024 (€81.9 Mil).

Summit Hotel Properties's annual accounts payable & accrued expense increased from Dec. 2021 (€48.6 Mil) to Dec. 2022 (€82.0 Mil) but then declined from Dec. 2022 (€82.0 Mil) to Dec. 2023 (€78.9 Mil).

Summit Hotel Properties Accounts Payable & Accrued Expense Historical Data

The historical data trend for Summit Hotel Properties's Accounts Payable & Accrued 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 Hotel Properties Accounts Payable & Accrued Expense Chart

Summit Hotel Properties Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Payable & Accrued Expense

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54.31

30.35

48.64

81.96

78.90

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
Accounts Payable & Accrued Expense	Get a 7-Day Free Trial															85.89	87.00	92.85	78.90	81.90

Summit Hotel Properties Accounts Payable & Accrued Expense Calculation

Accounts payable & accrued expense usually includes accounts payable, accrued compensation and related benefits, etc.

Accounts payable is money owed by a business to its suppliers shown as a liability on a company's balance sheet. It is distinct from notes payable liabilities, which are debts created by formal legal instrument documents.

It is part of the current portion of the liabilities (due within one year or within the normal operating cycle if longer) reflected on the balace sheet of the company. A higher Accounts Payable means lower Working Capital needed to operate the business.

Summit Hotel Properties (FRA:SDP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Summit Hotel Properties Inc (FRA:SDP) » Definitions » Accounts Payable & Accrued Expense

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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.