SOLE (Sole Elite Group) Total Tax Payable: $4.88 Mil (As of Dec. 2014)


What is Sole Elite Group Total Tax Payable?

Sole Elite Group SOLE Total Tax Payable is $4.88 Mil as of Dec. 2014.

Sole Elite Group's Total Tax Payable for the quarter that ended in Dec. 2014 was $4.88 Mil.

Sole Elite Group's quarterly Total Tax Payable increased from Dec. 2012 ($2.83 Mil) to Dec. 2013 ($3.77 Mil) and increased from Dec. 2013 ($3.77 Mil) to Dec. 2014 ($4.88 Mil).

Sole Elite Group's annual Total Tax Payable increased from Dec. 2012 ($2.83 Mil) to Dec. 2013 ($3.77 Mil) and increased from Dec. 2013 ($3.77 Mil) to Dec. 2014 ($4.88 Mil).

Sole Elite Group Total Tax Payable Related Terms

Sole Elite Group Total Tax Payable Historical Data

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The historical data trend for Sole Elite Group's Total Tax Payable 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 Tax Payable Chart

Sole Elite Group Annual Data
Trend Dec12 Dec13 Dec14
Total Tax Payable
2.83 3.77 4.88

Sole Elite Group Semi-Annual Data
Dec12 Dec13 Dec14
Total Tax Payable 2.83 3.77 4.88

Sole Elite Group Total Tax Payable Calculation

Total Tax Payable is the taxes liability owed to federal, state, and local tax authorities. It is the carrying value as of the balance sheet date of obligations incurred and payable for statutory income, sales, use, payroll, excise, real, property and other taxes.

Frequently Asked Questions Learn more about Total Tax Payable →
What does a Total Tax Payable of $4.88 Mil mean?
Sole Elite Group (SOLE) has a Total Tax Payable of $4.88 Mil as of Dec. 2014. Tax Payable is the taxes liability owed to federal, state, and local tax authorities. View historical data on Sole Elite Group and its competitors.
Is Sole Elite Group's Total Tax Payable too high?
Sole Elite Group's current Total Tax Payable is $4.88 Mil.
How does Sole Elite Group's Total Tax Payable compare to FORD and JCLY?
Sole Elite Group's Total Tax Payable of $4.88 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 Tax Payable for a Manufacturing - Apparel & Accessories company?
A good Total Tax Payable depends on the Manufacturing - Apparel & Accessories industry context. However, Total Tax Payable 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 Tax Payable mean?
A high Total Tax Payable can signal that a stock is expensive relative to its fundamentals. Tax Payable is the taxes liability owed to federal, state, and local tax authorities. View historical data on Sole Elite Group and its competitors. Sole Elite Group's current Total Tax Payable is $4.88 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 Tax Payable of $4.88 Mil. The current Total Tax Payable is $4.88 Mil. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Total Tax Payable calculated?
Total Tax Payable is calculated from a company's financial statements. For Sole Elite Group (SOLE), the current Total Tax Payable is $4.88 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.