SOLE (Sole Elite Group) Inventories, Work In Process: $0.31 Mil (As of Dec. 2014)


What is Sole Elite Group Inventories, Work In Process?

Sole Elite Group SOLE Inventories, Work In Process is $0.31 Mil as of Dec. 2014.

Work in process is the part of a manufacturer's inventory that is in the production process and has not yet been completed and transferred to the finished goods inventory. Sole Elite Group's work in process for the quarter that ended in Dec. 2014 was $0.31 Mil.

Sole Elite Group Inventories, Work In Process Historical Data

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The historical data trend for Sole Elite Group's Inventories, Work In Process 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 Inventories, Work In Process Chart

Sole Elite Group Annual Data
Trend Dec12 Dec13 Dec14
Inventories, Work In Process
0.85 0.98 0.31

Sole Elite Group Semi-Annual Data
Dec12 Dec13 Dec14
Inventories, Work In Process 0.85 0.98 0.31

Sole Elite Group Inventories, Work In Process Calculation

That part of a manufacturer's inventory that is in the production process and has not yet been completed and transferred to the finished goods inventory. This account contains the cost of the direct material, direct labor, and factory overhead placed into the products on the factory floor. A manufacturer must disclose in its financial statements the cost of its work-in-process as well as the cost of finished goods and materials on hand.

What does a Inventories, Work In Process of $0.31 Mil mean?
Sole Elite Group (SOLE) has a Inventories, Work In Process of $0.31 Mil as of Dec. 2014. Work in progress is the portion of inventory containing goods that are unfinished. View historical data on Sole Elite Group and its competitors.
Is Sole Elite Group's Inventories, Work In Process too high?
Sole Elite Group's current Inventories, Work In Process is $0.31 Mil.
How does Sole Elite Group's Inventories, Work In Process compare to FORD and JCLY?
Sole Elite Group's Inventories, Work In Process of $0.31 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 Inventories, Work In Process for a Manufacturing - Apparel & Accessories company?
A good Inventories, Work In Process depends on the Manufacturing - Apparel & Accessories industry context. However, Inventories, Work In Process 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 Inventories, Work In Process mean?
A high Inventories, Work In Process can signal that a stock is expensive relative to its fundamentals. Work in progress is the portion of inventory containing goods that are unfinished. View historical data on Sole Elite Group and its competitors. Sole Elite Group's current Inventories, Work In Process is $0.31 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 Inventories, Work In Process of $0.31 Mil. The current Inventories, Work In Process is $0.31 Mil. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Inventories, Work In Process calculated?
Inventories, Work In Process is calculated from a company's financial statements. For Sole Elite Group (SOLE), the current Inventories, Work In Process is $0.31 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.