SOLE (Sole Elite Group) Scaled Net Operating Assets: 0.23 (As of Dec. 2014)


What is Sole Elite Group Scaled Net Operating Assets?

Sole Elite Group SOLE Scaled Net Operating Assets is 0.23 as of Dec. 2014.

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Sole Elite Group's operating assets for the quarter that ended in Dec. 2014 was $19.61 Mil. Sole Elite Group's operating liabilities for the quarter that ended in Dec. 2014 was $10.53 Mil. Sole Elite Group's Total Assets for the quarter that ended in Dec. 2013 was $40.27 Mil. Therefore, Sole Elite Group's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2014 was 0.23.

Sole Elite Group Scaled Net Operating Assets Historical Data

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The historical data trend for Sole Elite Group's Scaled Net Operating Assets 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 Scaled Net Operating Assets Chart

Sole Elite Group Annual Data
Trend Dec12 Dec13 Dec14
Scaled Net Operating Assets
0.49 0.36 0.23

Sole Elite Group Semi-Annual Data
Dec12 Dec13 Dec14
Scaled Net Operating Assets 0.49 0.36 0.23

SOLE vs FORD, JCLY, TLF: Scaled Net Operating Assets Comparison

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

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

* The bar in red indicates where Sole Elite Group's Scaled Net Operating Assets falls into.


Sole Elite Group Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Sole Elite Group's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2014 is calculated as

Scaled Net Operating Assets (SNOA)(A: Dec. 2014 )
=(Operating Assets (A: Dec. 2014 )-Operating Liabilities (A: Dec. 2014 ))/Total Assets (A: Dec. 2013 )
=(19.612-10.534)/40.273
=0.23

where

Operating Assets(A: Dec. 2014 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=37.349 - 17.737
=19.612

Operating Liabilities(A: Dec. 2014 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=12.38 - 0 - 1.846
=10.534

Sole Elite Group's Scaled Net Operating Assets (SNOA) for the quarter that ended in Dec. 2014 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Dec. 2014 )
=(Operating Assets (Q: Dec. 2014 )-Operating Liabilities (Q: Dec. 2014 ))/Total Assets (Q: Dec. 2013 )
=(19.612-10.534)/40.273
=0.23

where

Operating Assets(Q: Dec. 2014 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=37.349 - 17.737
=19.612

Operating Liabilities(Q: Dec. 2014 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=12.38 - 0 - 1.846
=10.534

* 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.

What does a Scaled Net Operating Assets of 0.23 mean?
Sole Elite Group (SOLE) has a Scaled Net Operating Assets of 0.23 as of Dec. 2014. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Sole Elite Group and its competitors.
Is Sole Elite Group's Scaled Net Operating Assets too high?
Sole Elite Group's current Scaled Net Operating Assets is 0.23.
How does Sole Elite Group's Scaled Net Operating Assets compare to FORD and JCLY?
Sole Elite Group's Scaled Net Operating Assets of 0.23 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 Scaled Net Operating Assets for a Manufacturing - Apparel & Accessories company?
A good Scaled Net Operating Assets depends on the Manufacturing - Apparel & Accessories industry context. However, Scaled Net Operating Assets 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 Scaled Net Operating Assets mean?
A high Scaled Net Operating Assets can signal that a stock is expensive relative to its fundamentals. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Sole Elite Group and its competitors. Sole Elite Group's current Scaled Net Operating Assets is 0.23. 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 Scaled Net Operating Assets of 0.23. The current Scaled Net Operating Assets is 0.23. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Scaled Net Operating Assets calculated?
Scaled Net Operating Assets is calculated from a company's financial statements. For Sole Elite Group (SOLE), the current Scaled Net Operating Assets is 0.23 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.