Sole Elite Group's total inventories for the quarter that ended in Dec. 2014 was $1.81 Mil. Sole Elite Group's average total inventories from the quarter that ended in Dec. 2013 to the quarter that ended in Dec. 2014 was $2.58 Mil.
In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Sole Elite Group's Net-Net Working Capital per share for the quarter that ended in Dec. 2014 was $N/A.
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
six
months ended in Dec. 2014 was 6.60.
Inventory Turnover measures how fast the company turns over its inventory within a year.
Sole Elite Group's Inventory Turnover for the quarter that 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 quarter that ended in Dec. 2014 was 0.02.
Sole Elite Group (NAS:SOLE) Total Inventories Explanation
Inventory control is an important part of business operation. If a company does not have enough inventory, it may not be able to meet customers' required delivery time. If it has too much inventory, the cost of holding the inventory can be high.
1. In Ben Graham's calculation of Net-Net Working Capital (NNWC), inventory is only considered worth half of its book value.
Sole Elite Group's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2014 is
4. 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 quarter that ended in Dec. 2014 is calculated as
* 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
Manufacturers with durable competitive advantages have the advantage that the products they sell do not change, and therefore will never become obsolete. Buffett likes this advantage.
When identifying manufacturers with durable competitive advantage, look for inventory and net earnings that rise correspondingly. This indicates that the company is finding profitable ways to increase sales which called for an increase in inventory.
Manufacturers with inventories that spike up and down are indicative of competitive industries subject to boom and bust.
Sole Elite Group Total Inventories Related Terms
Sole Elite Group Total Inventories Historical Data
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The historical data trend for Sole Elite Group's Total Inventories 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 Total Inventories Chart
Sole Elite Group Annual Data
Trend
Dec12
Dec13
Dec14
Total Inventories
2.90
3.34
1.81
Sole Elite Group Semi-Annual Data
Dec12
Dec13
Dec14
Total Inventories
2.90
3.34
1.81
Sole Elite Group Total Inventories Calculation
Total Inventories includes the raw materials, work-in-process goods and completely finished goods of a company. It is a portion of a company's current assets.
Sole Elite Group (SOLE) has a Total Inventories of $1.81 Mil as of Dec. 2014. The total amount of inventory as recorded on a company's balance sheet. View historical data for Sole Elite Group and its competitors.
Is Sole Elite Group's Total Inventories too high?
Sole Elite Group's current Total Inventories is $1.81 Mil.
How does Sole Elite Group's Total Inventories compare to FORD and JCLY?
Sole Elite Group's Total Inventories of $1.81 Mil can be compared against companies in the Manufacturing - Apparel & Accessories industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Total Inventories for a Manufacturing - Apparel & Accessories company?
A good Total Inventories depends on the Manufacturing - Apparel & Accessories industry context. However, Total Inventories should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Total Inventories mean?
A high Total Inventories can signal that a stock is expensive relative to its fundamentals. The total amount of inventory as recorded on a company's balance sheet. View historical data for Sole Elite Group and its competitors. Sole Elite Group's current Total Inventories is $1.81 Mil. 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 Total Inventories of $1.81 Mil. The current Total Inventories is $1.81 Mil. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Total Inventories calculated?
Total Inventories is calculated from a company's financial statements. For Sole Elite Group (SOLE), the current Total Inventories is $1.81 Mil 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 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.
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