This study compared financial ratios between tourism and manufacturing businesses. They analyzed data from 198 tourism businesses and 1012 manufacturing businesses over a 5-year period. The results showed a significant difference in equity turnover ratio, indicating that manufacturing businesses invest more in fixed assets like real estate and increase equity through sales compared to tourism businesses. Specific differences were found in equity-debt ratio between food and beverage companies and electronic equipment manufacturers, and in equity turnover ratio between electric equipment manufacturers, hotels, and food and beverage businesses. Manufacturing industries seem to be more efficient in asset and capital utilization compared to tourism industries, suggesting that tourism companies may need to improve their operational efficiency.