SOLE (Sole Elite Group) Asset Turnover: 2.94 (As of Dec. 2014)


What is Sole Elite Group Asset Turnover?

Sole Elite Group SOLE Asset Turnover is 2.94 as of Dec. 2014.

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Sole Elite Group's Revenue for the six months ended in Dec. 2014 was $113.91 Mil. Sole Elite Group's Total Assets for the quarter that ended in Dec. 2014 was $38.81 Mil. Therefore, Sole Elite Group's Asset Turnover for the quarter that ended in Dec. 2014 was 2.94.

Asset Turnover is linked to ROE % through Du Pont Formula. Sole Elite Group's annualized ROE % for the quarter that ended in Dec. 2014 was 213.73%. It is also linked to ROA % through Du Pont Formula. Sole Elite Group's annualized ROA % for the quarter that ended in Dec. 2014 was 148.37%.

Sole Elite Group  (NAS:SOLE) Asset Turnover Explanation

Asset Turnover is linked to ROE % through Du Pont Formula.

Sole Elite Group's annulized ROE % for the quarter that ended in Dec. 2014 is

ROE %**(Q: Dec. 2014 )
=Net Income/Total Stockholders Equity
=57.584/26.9425
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(57.584 / 227.824)*(227.824 / 38.811)*(38.811/ 26.9425)
=Net Margin %*Asset Turnover*Equity Multiplier
=25.28 %*5.8701*1.4405
=ROA %*Equity Multiplier
=148.37 %*1.4405
=213.73 %

Note: The Net Income data used here is two times the semi-annual (Dec. 2014) net income data. The Revenue data used here is two times the semi-annual (Dec. 2014) revenue data.

* 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.

** The ROE % used above is for Du Pont Analysis only. It is different from the defined ROE % page on our website, as here it uses Net Income instead of Net Income attributable to Common Stockholders in the calculation.

It is also linked to ROA % through Du Pont Formula:

Sole Elite Group's annulized ROA % for the quarter that ended in Dec. 2014 is

ROA %(Q: Dec. 2014 )
=Net Income/Total Assets
=57.584/38.811
=(Net Income / Revenue)*(Revenue / Total Assets)
=(57.584 / 227.824)*(227.824 / 38.811)
=Net Margin %*Asset Turnover
=25.28 %*5.8701
=148.37 %

Note: The Net Income data used here is two times the semi-annual (Dec. 2014) net income data. The Revenue data used here is two times the semi-annual (Dec. 2014) revenue data.

* 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

In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.

Therefore, it is a good sign if a company's Asset Turnover is consistent or even increases. If a company's asset grows faster than sales, its Asset Turnover will decline, which can be a warning sign.

Sole Elite Group Asset Turnover Related Terms

Sole Elite Group Asset Turnover Historical Data

* Premium members only.

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

Sole Elite Group Annual Data
Trend Dec12 Dec13 Dec14
Asset Turnover
2.08 2.50 2.94

Sole Elite Group Semi-Annual Data
Dec12 Dec13 Dec14
Asset Turnover 2.08 2.50 2.94

SOLE vs FORD, JCLY, TLF: Asset Turnover Comparison

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

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

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


Sole Elite Group Asset Turnover Calculation

Asset Turnover measures how quickly a company turns over its asset through sales.

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

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Dec. 2014 )/( (Total Assets (A: Dec. 2013 )+Total Assets (A: Dec. 2014 ))/ count )
=113.912/( (40.273+37.349)/ 2 )
=113.912/38.811
=2.94

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

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Dec. 2014 )/( (Total Assets (Q: Dec. 2013 )+Total Assets (Q: Dec. 2014 ))/ count )
=113.912/( (40.273+37.349)/ 2 )
=113.912/38.811
=2.94

* 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.

Companies with low profit margins tend to have high Asset Turnover, while those with high profit margins have low Asset Turnover. Companies in the retail industry tend to have a very high turnover ratio.

Frequently Asked Questions Learn more about Asset Turnover →
What does a Asset Turnover of 2.94 mean?
Sole Elite Group (SOLE) has a Asset Turnover of 2.94 as of Dec. 2014. Asset turnover equals current-period sales over average total assets over the past two periods. View historical data on Sole Elite Group and its competitors.
Is Sole Elite Group's Asset Turnover too high?
Sole Elite Group's current Asset Turnover is 2.94.
How does Sole Elite Group's Asset Turnover compare to FORD and JCLY?
Sole Elite Group's Asset Turnover of 2.94 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 Asset Turnover for a Manufacturing - Apparel & Accessories company?
A good Asset Turnover depends on the Manufacturing - Apparel & Accessories industry context. However, Asset Turnover 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 Asset Turnover mean?
A high Asset Turnover can signal that a stock is expensive relative to its fundamentals. Asset turnover equals current-period sales over average total assets over the past two periods. View historical data on Sole Elite Group and its competitors. Sole Elite Group's current Asset Turnover is 2.94. 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 Asset Turnover of 2.94. The current Asset Turnover is 2.94. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Asset Turnover calculated?
Asset Turnover is calculated from a company's financial statements. For Sole Elite Group (SOLE), the current Asset Turnover is 2.94 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.