Dalian Sunasia Tourism Holding Co (SHSE:600593) Return-on-Tangible-Equity: Negative Tangible Equity% (As of Mar. 2026)

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SHSE:600593 Dalian Sunasia Tourism Holding Co Ltd SHSE:600593
66 GF Score
Price ¥38.65
GF Value ¥32.14
Valuation Modestly Overvalued
! 5 Warning Signs
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What is Dalian Sunasia Tourism Holding Co Return-on-Tangible-Equity?

Dalian Sunasia Tourism Holding Co SHSE:600593 -3.33% 66 Return-on-Tangible-Equity is Negative Tangible Equity% as of Mar. 2026. GuruFocus rates SHSE:600593 with a GF Score™ of 66/100 and a GF Value™ of ¥32.14 (Modestly Overvalued). The stock has 5 warning signs investors should review. Among 793 Travel & Leisure companies, Dalian Sunasia Tourism Holding Co ranks better than 99.87% on this metric.

Return-on-Tangible-Equity is calculated as Net Income divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. Dalian Sunasia Tourism Holding Co's annualized net income for the quarter that ended in Mar. 2026 was ¥62.8 Mil. Dalian Sunasia Tourism Holding Co's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ¥-174.7 Mil. Therefore, Dalian Sunasia Tourism Holding Co's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was Negative Tangible Equity%.

The historical rank and industry rank for Dalian Sunasia Tourism Holding Co's Return-on-Tangible-Equity or its related term are showing as below:

SHSE:600593' s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 10.99   Med: 19.55   Max: 68.18
Current: Negative Tangible Equity

During the past 13 years, Dalian Sunasia Tourism Holding Co's highest Return-on-Tangible-Equity was 68.18%. The lowest was 10.99%. And the median was 19.55%.

SHSE:600593's Return-on-Tangible-Equity is ranked better than
99.87% of 793 companies
in the Travel & Leisure industry
Industry Median: 7.69 vs SHSE:600593: Negative Tangible Equity

Dalian Sunasia Tourism Holding Co  (SHSE:600593) Return-on-Tangible-Equity Explanation

Return-on-Tangible-Equity measures the rate of return on the ownership interest (shareholder's tangible equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' tangible equity (shareholders equity minus intangibles). Return-on-Tangible-Equity shows how well a company uses investment funds to generate earnings growth. Return-on-Tangible-Equitys between 15% and 20% are considered desirable.


Be Aware

Net Income is used.

Because a company can increase its Return-on-Tangible-Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return-on-Tangible-Equity companies. Like Return-on-Tangible-Asset, Return-on-Tangible-Equity is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.

Asset light businesses require very few assets to generate very high earnings. Their Return-on-Tangible-Equitys can be extremely high.


Dalian Sunasia Tourism Holding Co Return-on-Tangible-Equity Related Terms


Dalian Sunasia Tourism Holding Co Return-on-Tangible-Equity Historical Data

* Premium members only.

The historical data trend for Dalian Sunasia Tourism Holding Co's Return-on-Tangible-Equity 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.

Dalian Sunasia Tourism Holding Co Return-on-Tangible-Equity Chart

Dalian Sunasia Tourism Holding Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Return-on-Tangible-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 Negative Tangible Equity 0.00 Negative Tangible Equity

Dalian Sunasia Tourism Holding Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Return-on-Tangible-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 0.00 Negative Tangible Equity 0.00 Negative Tangible Equity

SHSE:600593 vs AS, HAS, LTH: Return-on-Tangible-Equity Comparison

For the Leisure subindustry, Dalian Sunasia Tourism Holding Co's Return-on-Tangible-Equity, along with its competitors' market caps and Return-on-Tangible-Equity 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.


Dalian Sunasia Tourism Holding Co Return-on-Tangible-Equity vs Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Dalian Sunasia Tourism Holding Co's Return-on-Tangible-Equity distribution charts can be found below:

* The bar in red indicates where Dalian Sunasia Tourism Holding Co's Return-on-Tangible-Equity falls into.


SHSE:600593
66GF Score
Dalian Sunasia Tourism Holding Co Ltd SHSE:600593
Return-on-Tangible-Equity is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Dalian Sunasia Tourism Holding Co Return-on-Tangible-Equity Calculation

Dalian Sunasia Tourism Holding Co's annualized Return-on-Tangible-Equity for the fiscal year that ended in Dec. 2025 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets )/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=27.257/( (-259.978+-183.605 )/ 2 )
=27.257/-221.7915
=Negative Tangible Equity %

Dalian Sunasia Tourism Holding Co's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets)/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=62.816/( (-183.605+-165.733)/ 2 )
=62.816/-174.669
=Negative Tangible Equity %

* 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.

In the calculation of annual Return-on-Tangible-Equity, the net income of the last fiscal year and the average total shareholder tangible equity over the fiscal year are used. In calculating the quarterly data, the net income data used here is four times the quarterly (Mar. 2026) net income data. Return-on-Tangible-Equity is displayed in the 10-year financial page.

What does a Return-on-Tangible-Equity of Negative Tangible Equity% mean?
Dalian Sunasia Tourism Holding Co (SHSE:600593) has a Return-on-Tangible-Equity of Negative Tangible Equity% as of Mar. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Dalian Sunasia Tourism Holding Co and its competitors. Over the past decade, Dalian Sunasia Tourism Holding Co's Return-on-Tangible-Equity has ranged from 10.99 to 68.18. According to the industry distribution chart, Dalian Sunasia Tourism Holding Co ranks #1 out of 793 companies in the Travel & Leisure industry, placing it in the top 0.099999999999994%.
Is Dalian Sunasia Tourism Holding Co's Return-on-Tangible-Equity too high?
Dalian Sunasia Tourism Holding Co's current Return-on-Tangible-Equity is Negative Tangible Equity%. Over the past 10 years, this metric has ranged from a low of 10.99 to a high of 68.18. Based on the distribution chart, Dalian Sunasia Tourism Holding Co ranks #1 out of 793 companies in the Travel & Leisure industry, which is in the top quartile — a strong position relative to peers. Overall, Dalian Sunasia Tourism Holding Co has a GF Score™ of 66/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Dalian Sunasia Tourism Holding Co's Return-on-Tangible-Equity compare to AS and HAS?
According to the Travel & Leisure industry distribution chart, Dalian Sunasia Tourism Holding Co ranks #1 out of 793 companies for Return-on-Tangible-Equity. This places Dalian Sunasia Tourism Holding Co in the top 0% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 7.69. Historically, Dalian Sunasia Tourism Holding Co's own Return-on-Tangible-Equity has ranged from 10.99 to 68.18 over the past decade. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Return-on-Tangible-Equity for a Travel & Leisure company?
The median Return-on-Tangible-Equity among Travel & Leisure companies is 7.69, based on 793 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Equity significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Equity 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 Return-on-Tangible-Equity mean?
A high Return-on-Tangible-Equity can signal that a stock is expensive relative to its fundamentals. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Dalian Sunasia Tourism Holding Co and its competitors. For the Travel & Leisure industry, the median Return-on-Tangible-Equity is 7.69 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Dalian Sunasia Tourism Holding Co's current Return-on-Tangible-Equity is Negative Tangible Equity%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Dalian Sunasia Tourism Holding Co stock overvalued right now?
Based on GuruFocus' analysis, Dalian Sunasia Tourism Holding Co (SHSE:600593) is currently considered Modestly Overvalued. The stock's GF Value™ is ¥32.14, compared to a current price of ¥38.65 — trading 20.3% above its estimated fair value. The current Return-on-Tangible-Equity is Negative Tangible Equity%. Dalian Sunasia Tourism Holding Co's overall GF Score™ is 66/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Equity calculated?
Return-on-Tangible-Equity is calculated from a company's financial statements. For Dalian Sunasia Tourism Holding Co (SHSE:600593), the current Return-on-Tangible-Equity is Negative Tangible Equity% as of Mar. 2026. 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.

Is Dalian Sunasia Tourism Holding Co (SHSE:600593) Overvalued in 2026?

Based on GuruFocus' analysis, Dalian Sunasia Tourism Holding Co stock appears to be overvalued. The current stock price of ¥38.65 is trading 20.3% above its estimated GF Value™ of ¥32.14. GuruFocus considers Dalian Sunasia Tourism Holding Co to be Modestly Overvalued.

Key valuation signals for SHSE:600593:

  • Return-on-Tangible-Equity: Negative Tangible Equity%
  • GF Value™: ¥32.14 vs. price of ¥38.65 (20.3% above fair value)
  • GF Score™: 66/100 with 5 warning signs

No single metric tells the full story. See the SHSE:600593 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Dalian Sunasia Tourism Holding Co Business Description

Address No. 608-6-8 Zhongshan Road, Shahekou District, Xigang District, Dalian, Liaoning, CHN, 116023
Dalian Sunasia Tourism Holding Co Ltd operates in the entertainment industry. It operates theme parks which include aquariums, animal encounters, and other facilities.
66GF Score

Get the complete analysis for SHSE:600593

Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

¥38.65
Price
¥32.14
GF Value