SOLE (Sole Elite Group) Retained Earnings: $21.65 Mil (As of Dec. 2014)


What is Sole Elite Group Retained Earnings?

Sole Elite Group SOLE Retained Earnings is $21.65 Mil as of Dec. 2014.

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Sole Elite Group's retained earnings for the quarter that ended in Dec. 2014 was $21.65 Mil.

Sole Elite Group's quarterly retained earnings increased from Dec. 2012 ($18.39 Mil) to Dec. 2013 ($27.68 Mil) but then declined from Dec. 2013 ($27.68 Mil) to Dec. 2014 ($21.65 Mil).

Sole Elite Group's annual retained earnings increased from Dec. 2012 ($18.39 Mil) to Dec. 2013 ($27.68 Mil) but then declined from Dec. 2013 ($27.68 Mil) to Dec. 2014 ($21.65 Mil).

Sole Elite Group  (NAS:SOLE) Retained Earnings Explanation

Historically profitable companies sometimes have negative retained earnings. This is because they have cumulatively paid out more to shareholders than they reported in profits.

For example, in 2011, Microsoft had negative retained earnings. This does not mean the company lost more money than it made over the years. It just means it paid out more money than it earned.

If a company has negative retained earnings, investors should check the 10-year financial results. They should not assume that negative retained earnings prove a company has generally lost money in the past.

Of course, many companies with negative retained earnings have indeed lost money in the past.

Retained Earnings: Warren Buffett's Secret.

One of the most important indicators of durable competitive advantage. Net earnings can be paid out as dividends, used to buy back shares or retained for growth.

If the company loses more than it has accumulated, retained earnings is negative.

If a company isn't adding to its retained earnings, it isn't growing its net worth.

Rate of growth of retained earnings is good indicator whether it's benefiting from a competitive advantage.

Microsoft is negative because it chose to buyback stock and pay dividends.

The more earnings retained, the faster it grows and increases growth rate for future earnings.

Sole Elite Group Retained Earnings Historical Data

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The historical data trend for Sole Elite Group's Retained Earnings 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 Retained Earnings Chart

Sole Elite Group Annual Data
Trend Dec12 Dec13 Dec14
Retained Earnings
18.39 27.68 21.65

Sole Elite Group Semi-Annual Data
Dec12 Dec13 Dec14
Retained Earnings 18.39 27.68 21.65

Sole Elite Group Retained Earnings Calculation

Retained Earnings is the accumulated portion of net income that is not distributed to shareholders. Because the net income was not distributed to shareholders, shareholders' equity is increased by the same amount.

Of course, if a company loses, it is called retained losses, or accumulated losses.

Frequently Asked Questions Learn more about Retained Earnings →
What does a Retained Earnings of $21.65 Mil mean?
Sole Elite Group (SOLE) has a Retained Earnings of $21.65 Mil as of Dec. 2014. Retained earnings is the amount of net income not issued to shareholders. View historical data on Sole Elite Group and its competitors.
Is Sole Elite Group's Retained Earnings too high?
Sole Elite Group's current Retained Earnings is $21.65 Mil.
How does Sole Elite Group's Retained Earnings compare to FORD and JCLY?
Sole Elite Group's Retained Earnings of $21.65 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 Retained Earnings for a Manufacturing - Apparel & Accessories company?
A good Retained Earnings depends on the Manufacturing - Apparel & Accessories industry context. However, Retained Earnings 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 Retained Earnings mean?
A high Retained Earnings can signal that a stock is expensive relative to its fundamentals. Retained earnings is the amount of net income not issued to shareholders. View historical data on Sole Elite Group and its competitors. Sole Elite Group's current Retained Earnings is $21.65 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 Retained Earnings of $21.65 Mil. The current Retained Earnings is $21.65 Mil. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Retained Earnings calculated?
Retained Earnings is calculated from a company's financial statements. For Sole Elite Group (SOLE), the current Retained Earnings is $21.65 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 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.