Shanghai Rongtai Health Technology (SHSE:603579) Asset Turnover: 0.12 (As of Mar. 2026)

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Director of Data and Quant Analytics at GuruFocus
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SHSE:603579 Shanghai Rongtai Health Technology Corp Ltd SHSE:603579
68 GF Score
Price ¥16.30
GF Value ¥15.92
Valuation Fairly Valued
! 4 Warning Signs
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What is Shanghai Rongtai Health Technology Asset Turnover?

Shanghai Rongtai Health Technology SHSE:603579 -2.22% 68 Asset Turnover is 0.12 as of Mar. 2026. GuruFocus rates SHSE:603579 with a GF Score™ of 68/100 and a GF Value™ of ¥15.92 (Fairly Valued). The stock has 4 warning signs investors should review.

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Shanghai Rongtai Health Technology's Revenue for the three months ended in Mar. 2026 was ¥442 Mil. Shanghai Rongtai Health Technology's Total Assets for the quarter that ended in Mar. 2026 was ¥3,682 Mil. Therefore, Shanghai Rongtai Health Technology's Asset Turnover for the quarter that ended in Mar. 2026 was 0.12.

Asset Turnover is linked to ROE % through Du Pont Formula. Shanghai Rongtai Health Technology's annualized ROE % for the quarter that ended in Mar. 2026 was 9.87%. It is also linked to ROA % through Du Pont Formula. Shanghai Rongtai Health Technology's annualized ROA % for the quarter that ended in Mar. 2026 was 7.58%.


Shanghai Rongtai Health Technology  (SHSE:603579) Asset Turnover Explanation

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

Shanghai Rongtai Health Technology's annulized ROE % for the quarter that ended in Mar. 2026 is

ROE %**(Q: Mar. 2026 )
=Net Income/Total Stockholders Equity
=278.956/2824.998
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(278.956 / 1768.788)*(1768.788 / 3681.6715)*(3681.6715/ 2824.998)
=Net Margin %*Asset Turnover*Equity Multiplier
=15.77 %*0.4804*1.3032
=ROA %*Equity Multiplier
=7.58 %*1.3032
=9.87 %

Note: The Net Income data used here is four times the quarterly (Mar. 2026) net income data. The Revenue data used here is four times the quarterly (Mar. 2026) 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:

Shanghai Rongtai Health Technology's annulized ROA % for the quarter that ended in Mar. 2026 is

ROA %(Q: Mar. 2026 )
=Net Income/Total Assets
=278.956/3681.6715
=(Net Income / Revenue)*(Revenue / Total Assets)
=(278.956 / 1768.788)*(1768.788 / 3681.6715)
=Net Margin %*Asset Turnover
=15.77 %*0.4804
=7.58 %

Note: The Net Income data used here is four times the quarterly (Mar. 2026) net income data. The Revenue data used here is four times the quarterly (Mar. 2026) 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.


Shanghai Rongtai Health Technology Asset Turnover Related Terms


Shanghai Rongtai Health Technology Asset Turnover Historical Data

* Premium members only.

The historical data trend for Shanghai Rongtai Health Technology'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.

Shanghai Rongtai Health Technology Asset Turnover Chart

Shanghai Rongtai Health Technology Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Asset Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.84 0.60 0.55 0.45 0.43

Shanghai Rongtai Health Technology Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Asset Turnover 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 0.11 0.12 0.10 0.12 0.12

SHSE:603579 vs AS, HAS, LTH: Asset Turnover Comparison

For the Leisure subindustry, Shanghai Rongtai Health Technology'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.


Shanghai Rongtai Health Technology Asset Turnover vs Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Shanghai Rongtai Health Technology's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Shanghai Rongtai Health Technology's Asset Turnover falls into.


SHSE:603579
68GF Score
Shanghai Rongtai Health Technology Corp Ltd SHSE:603579
Asset Turnover is just one metric. See GF Score™, valuation, warning signs, and more.
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Shanghai Rongtai Health Technology Asset Turnover Calculation

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

Shanghai Rongtai Health Technology's Asset Turnover for the fiscal year that ended in Dec. 2025 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Dec. 2025 )/( (Total Assets (A: Dec. 2024 )+Total Assets (A: Dec. 2025 ))/ count )
=1572.897/( (3742.04+3574.13)/ 2 )
=1572.897/3658.085
=0.43

Shanghai Rongtai Health Technology's Asset Turnover for the quarter that ended in Mar. 2026 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Mar. 2026 )/( (Total Assets (Q: Dec. 2025 )+Total Assets (Q: Mar. 2026 ))/ count )
=442.197/( (3574.13+3789.213)/ 2 )
=442.197/3681.6715
=0.12

* 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 0.12 mean?
Shanghai Rongtai Health Technology (SHSE:603579) has a Asset Turnover of 0.12 as of Mar. 2026. Asset turnover equals current-period sales over average total assets over the past two periods. View historical data on Shanghai Rongtai Health Technology and its competitors.
Is Shanghai Rongtai Health Technology's Asset Turnover too high?
Shanghai Rongtai Health Technology's current Asset Turnover is 0.12. Overall, Shanghai Rongtai Health Technology has a GF Score™ of 68/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Shanghai Rongtai Health Technology's Asset Turnover compare to AS and HAS?
Shanghai Rongtai Health Technology's Asset Turnover of 0.12 can be compared against companies in the Travel & Leisure 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 Travel & Leisure company?
A good Asset Turnover depends on the Travel & Leisure 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 Shanghai Rongtai Health Technology and its competitors. Shanghai Rongtai Health Technology's current Asset Turnover is 0.12. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shanghai Rongtai Health Technology stock overvalued right now?
Based on GuruFocus' analysis, Shanghai Rongtai Health Technology (SHSE:603579) is currently considered Fairly Valued. The stock's GF Value™ is ¥15.92, compared to a current price of ¥16.30 — trading 2.4% above its estimated fair value. The current Asset Turnover is 0.12. Shanghai Rongtai Health Technology's overall GF Score™ is 68/100 with 4 warning signs to review. 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 Shanghai Rongtai Health Technology (SHSE:603579), the current Asset Turnover is 0.12 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 Shanghai Rongtai Health Technology (SHSE:603579) Overvalued in 2026?

Based on GuruFocus' analysis, Shanghai Rongtai Health Technology stock appears to be overvalued. The current stock price of ¥16.30 is trading 2.4% above its estimated GF Value™ of ¥15.92. GuruFocus considers Shanghai Rongtai Health Technology to be Fairly Valued.

Key valuation signals for SHSE:603579:

  • Asset Turnover: 0.12
  • GF Value™: ¥15.92 vs. price of ¥16.30 (2.4% above fair value)
  • GF Score™: 68/100 with 4 warning signs

No single metric tells the full story. See the SHSE:603579 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Shanghai Rongtai Health Technology Business Description

Address No. 1226 ZhuFeng Road, Qingpu District, Shanghai, CHN, 201702
Shanghai Rongtai Health Technology Corp Ltd is a China based company engaged in development, manufacturing and marketing of massage equipment. It also offers technology health solutions. The company's products include eye massager, massage chair series, mini massage chair, partial massage series products, massage stick, and waist massager.
68GF Score

Get the complete analysis for SHSE:603579

Asset Turnover is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

¥16.30
Price
¥15.92
GF Value