SOLE (Sole Elite Group) Receivables Turnover: 9.81 (As of Dec. 2014)


What is Sole Elite Group Receivables Turnover?

Sole Elite Group SOLE Receivables Turnover is 9.81 as of Dec. 2014.

The Receivables Turnover ratio measures the number of times a company collects its average accounts receivable balance. It is calculated as Revenue divided by average Accounts Receivable. An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. Sole Elite Group's Revenue for the six months ended in Dec. 2014 was $113.91 Mil. Sole Elite Group's average Accounts Receivable for the six months ended in Dec. 2014 was $11.61 Mil. Hence, Sole Elite Group's Receivables Turnover for the six months ended in Dec. 2014 was 9.81.

Sole Elite Group  (NAS:SOLE) Receivables Turnover Explanation

An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. This metric is commonly used to compare companies within the same industry to check whether they are on par with their competitors.

Sole Elite Group Receivables Turnover Related Terms

Sole Elite Group Receivables Turnover Historical Data

* Premium members only.

The historical data trend for Sole Elite Group's Receivables Turnover 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 Receivables Turnover Chart

Sole Elite Group Annual Data
Trend Dec12 Dec13 Dec14
Receivables Turnover
4.56 7.26 9.81

Sole Elite Group Semi-Annual Data
Dec12 Dec13 Dec14
Receivables Turnover 4.56 7.26 9.81

SOLE vs FORD, JCLY, TLF: Receivables Turnover Comparison

For the Footwear & Accessories subindustry, Sole Elite Group's Receivables Turnover, along with its competitors' market caps and Receivables Turnover 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 Receivables Turnover vs Manufacturing - Apparel & Accessories Industry

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

* The bar in red indicates where Sole Elite Group's Receivables Turnover falls into.


Sole Elite Group Receivables Turnover Calculation

Receivables Turnover measures the number of times a company collects its average accounts receivable balance.

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

Receivables Turnover (A: Dec. 2014 )
=Revenue / Average Accounts Receivable
=Revenue (A: Dec. 2014 ) / ((Accounts Receivable (A: Dec. 2013 ) + Accounts Receivable (A: Dec. 2014 )) / count )
=113.912 / ((10.67 + 12.548) / 2 )
=113.912 / 11.609
=9.81

Sole Elite Group's Receivables Turnover for the quarter that ended in Dec. 2014 is calculated as

Receivables Turnover (Q: Dec. 2014 )
=Revenue / Average Accounts Receivable
=Revenue (Q: Dec. 2014 ) / ((Accounts Receivable (Q: Dec. 2013 ) + Accounts Receivable (Q: Dec. 2014 )) / count )
=113.912 / ((10.67 + 12.548) / 2 )
=113.912 / 11.609
=9.81

* 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 Receivables Turnover →
What does a Receivables Turnover of 9.81 mean?
Sole Elite Group (SOLE) has a Receivables Turnover of 9.81 as of Dec. 2014. The accounts receivables turnover ratio measures the number of times a company collects its average accounts receivable balance. It is calculated as Revenue divided by Average Accounts Receivable. View historical data on Sole Elite Group and its competitors.
Is Sole Elite Group's Receivables Turnover too high?
Sole Elite Group's current Receivables Turnover is 9.81. The Manufacturing - Apparel & Accessories industry median Receivables Turnover is 6.97. Sole Elite Group's value of 9.81 is 40.7% above this industry median.
How does Sole Elite Group's Receivables Turnover compare to FORD and JCLY?
Sole Elite Group's Receivables Turnover of 9.81 can be compared against companies in the Manufacturing - Apparel & Accessories industry. The industry median Receivables Turnover is 6.97. Sole Elite Group's value of 9.81 is 40.7% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Receivables Turnover for a Manufacturing - Apparel & Accessories company?
The median Receivables Turnover among Manufacturing - Apparel & Accessories companies is 6.97, based on 1,029 companies in the industry. Companies in the top quartile (top 25%) have a Receivables Turnover significantly above this median, while those in the bottom quartile fall well below. However, Receivables Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Sole Elite Group's current Receivables Turnover of 9.81 is 40.7% above 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 Receivables Turnover mean?
A high Receivables Turnover can signal that a stock is expensive relative to its fundamentals. The accounts receivables turnover ratio measures the number of times a company collects its average accounts receivable balance. It is calculated as Revenue divided by Average Accounts Receivable. View historical data on Sole Elite Group and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Receivables Turnover is 6.97 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Sole Elite Group's current Receivables Turnover is 9.81. 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 Receivables Turnover of 9.81. The current Receivables Turnover is 9.81 and 40.7% above the Manufacturing - Apparel & Accessories industry median of 6.97. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Receivables Turnover calculated?
Receivables Turnover is calculated from a company's financial statements. For Sole Elite Group (SOLE), the current Receivables Turnover is 9.81 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.