SOLE (Sole Elite Group) Days Inventory: 13.21 (As of Dec. 2014)


What is Sole Elite Group Days Inventory?

Sole Elite Group SOLE Days Inventory is 13.21 as of Dec. 2014.

Days Inventory is also known as Days Sales of Inventory (DSI). Sole Elite Group's Average Total Inventories for the six months ended in Dec. 2014 was $2.58 Mil. Sole Elite Group's Cost of Goods Sold for the six months ended in Dec. 2014 was $71.25 Mil. Hence, Sole Elite Group's Days Inventory for the six months ended in Dec. 2014 was 6.60.

The historical rank and industry rank for Sole Elite Group's Days Inventory or its related term are showing as below:

SOLE's Days Inventory is not ranked *
in the Manufacturing - Apparel & Accessories industry.
Industry Median: 133.22
* Ranked among companies with meaningful Days Inventory only.

Sole Elite Group's Days Inventory declined from Dec. 2012 (27.96) to Dec. 2014 (13.21).

Inventory Turnover measures how fast the company turns over its inventory within a year. Sole Elite Group's Inventory Turnover for the six months ended in Dec. 2014 was 27.64.

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. Sole Elite Group's Inventory-to-Revenue for the six months ended in Dec. 2014 was 0.02.

Sole Elite Group  (NAS:SOLE) Days Inventory Explanation

Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:

1. Inventory Turnover measures how fast the company turns over its inventory within a year.

Sole Elite Group's Inventory Turnover for the six months ended in Dec. 2014 is calculated as

Inventory Turnover=Cost of Goods Sold / Average Total Inventories
=71.246 / 2.578
=27.64

2. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

Sole Elite Group's Inventory to Revenue for the six months ended in Dec. 2014 is calculated as

Inventory-to-Revenue=Average Total Inventories / Revenue
=2.578 / 113.912
=0.02

* 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.

Be Aware

A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.

Sole Elite Group Days Inventory Related Terms

Sole Elite Group Days Inventory Historical Data

* Premium members only.

The historical data trend for Sole Elite Group's Days Inventory 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.

Sole Elite Group Days Inventory Chart

Sole Elite Group Annual Data
Trend Dec12 Dec13 Dec14
Days Inventory
27.96 20.99 13.21

Sole Elite Group Semi-Annual Data
Dec12 Dec13 Dec14
Days Inventory 27.96 20.99 13.21

SOLE vs FORD, JCLY, TLF: Days Inventory Comparison

For the Footwear & Accessories subindustry, Sole Elite Group's Days Inventory, along with its competitors' market caps and Days Inventory 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.

Sole Elite Group Days Inventory vs Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Sole Elite Group's Days Inventory distribution charts can be found below:

* The bar in red indicates where Sole Elite Group's Days Inventory falls into.


Sole Elite Group Days Inventory Calculation

Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Sole Elite Group's Days Inventory for the fiscal year that ended in Dec. 2014 is calculated as

Days Inventory (A: Dec. 2014 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (A: Dec. 2013 ) + Total Inventories (A: Dec. 2014 )) / count ) / Cost of Goods Sold (A: Dec. 2014 )*Days in Period
=( (3.343 + 1.813) / 2 ) / 71.246*365
=2.578 / 71.246*365
=13.21

Sole Elite Group's Days Inventory for the quarter that ended in Dec. 2014 is calculated as:

Days Inventory (Q: Dec. 2014 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (Q: Dec. 2013 ) + Total Inventories (Q: Dec. 2014 )) / count ) / Cost of Goods Sold (Q: Dec. 2014 )*Days in Period
=( (3.343 + 1.813) / 2 ) / 71.246*365 / 2
=2.578 / 71.246*365 / 2
=6.60

* 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.

Frequently Asked Questions Learn more about Days Inventory →
What does a Days Inventory of 13.21 mean?
Sole Elite Group (SOLE) has a Days Inventory of 13.21 as of Dec. 2014. Days inventory represents the average amount of days a company holds inventory before selling it. View historical data on Sole Elite Group and its competitors.
Is Sole Elite Group's Days Inventory too high?
Sole Elite Group's current Days Inventory is 13.21. The Manufacturing - Apparel & Accessories industry median Days Inventory is 133.22. Sole Elite Group's value of 13.21 is 90.1% below this industry median.
How does Sole Elite Group's Days Inventory compare to FORD and JCLY?
Sole Elite Group's Days Inventory of 13.21 can be compared against companies in the Manufacturing - Apparel & Accessories industry. The industry median Days Inventory is 133.22. Sole Elite Group's value of 13.21 is 90.1% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Days Inventory for a Manufacturing - Apparel & Accessories company?
The median Days Inventory among Manufacturing - Apparel & Accessories companies is 133.22, based on 1,008 companies in the industry. Companies in the top quartile (top 25%) have a Days Inventory significantly above this median, while those in the bottom quartile fall well below. However, Days Inventory should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Sole Elite Group's current Days Inventory of 13.21 is 90.1% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Days Inventory mean?
A high Days Inventory can signal that a stock is expensive relative to its fundamentals. Days inventory represents the average amount of days a company holds inventory before selling it. View historical data on Sole Elite Group and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Days Inventory is 133.22 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Sole Elite Group's current Days Inventory is 13.21. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sole Elite Group stock overvalued right now?
Sole Elite Group (SOLE) has a current Days Inventory of 13.21. The current Days Inventory is 13.21 and 90.1% below the Manufacturing - Apparel & Accessories industry median of 133.22. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Days Inventory calculated?
Days Inventory is calculated from a company's financial statements. For Sole Elite Group (SOLE), the current Days Inventory is 13.21 as of Dec. 2014. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Sole Elite Group Business Description

Sole Elite Group Ltd was formed on December 10, 2014. The Company, through its subsidiaries, is engaged in the business of designing, producing and selling shoe soles. It has four product lines: RB soles, MD soles, single color IP sole and dual color IP sole products. Its manufacturing facilities in China are located in Jinjiang, Fujian Province, which has a high concentration of footwear industry participants. Sports shoe soles are made of various materials, such as EVA, RB, PU, TPE, and TPU. The core materials of shoe soles are EVA and RB. The principal raw materials used in the production of its products are EVA, rubber, TPU, color dyes and other chemical additives. Its raw materials are sourced suppliers in the PRC located in Quanzhou, Fujian Province, which is close to its production facilities. It sells products to sportswear manufacturers that are based in China, including a number of companies in the athletic wear market, including Li-Ning, 361º, ERKE and Anta. It also sells products to OEM footwear companies for international athletic brands, such as Taiwan Ching Luh, which is an OEM footwear company that is a supplier to Adidas, Reebok, Mizuno and Under Armour in Asia. Customers use its products as components in the athletic footwear that it sells to end consumers, athletic wear companies and shoe distributors. Its customer includes Fujian Ching Luh Shoes Co., Ltd., which is an OEM footwear company that is a supplier to Adidas, Reebok, Mizuno and Under Armour. Its direct competition comes from various shoe sole production companies in China, such as Multi Sports Holding Ltd., Victory New Materials Limited Company, Fenghua SoleTech AG, Tai Ya Shoes Co., Ltd., Mao Tai (Fujian) Soles Co., Ltd. and Xing Quan International Sports Holdings Limited. It currently hold four PRC patents. The Company is subject to all China's national and local laws and regulations, including those related to environmental protection, foreign currency, property ownership and taxation.