Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Dangote Sugar RefineryNSA:DSRP 65 Return-on-Tangible-Asset is -6.35% as of Dec. 2025. GuruFocus rates NSA:DSRP with a GF Score™ of 65/100 and a GF Value™ of ₦80.28 (Fairly Valued). The stock has 9 warning signs investors should review. Among 1,996 Consumer Packaged Goods companies, Dangote Sugar Refinery ranks worse than 84.97% on this metric.
Return-on-Tangible-Asset is calculated as Net Income divided by its average total tangible assets. Total tangible assets equals to Total Assets minus Intangible Assets. Dangote Sugar Refinery's annualizedNet Income for the quarter that ended in Dec. 2025 was ₦-64,064 Mil. Dangote Sugar Refinery's average total tangible assets for the quarter that ended in Dec. 2025 was ₦1,008,379 Mil. Therefore, Dangote Sugar Refinery's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2025 was -6.35%.
The historical rank and industry rank for Dangote Sugar Refinery's Return-on-Tangible-Asset or its related term are showing as below:
NSA:DSRP'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -23.32 Med: 11.12 Max: 21.25
Current: -6.35
During the past 13 years, Dangote Sugar Refinery's highest Return-on-Tangible-Asset was 21.25%. The lowest was -23.32%. And the median was 11.12%.
NSA:DSRP's Return-on-Tangible-Asset is ranked worse than 84.97% of 1996
companies
in the Consumer Packaged Goods industry
Industry Median: 3.395
vs NSA:DSRP: -6.35
Return-on-Tangible-Asset measures the rate of return on the average total tangible assets (total assets minus intangible assets). Tangible means physical in nature. Intangible Assets are assets that are not physical in nature, and typically "derive their value from legal or intellectual rights." Return-on-Tangible-Asset measures a firm's efficiency at generating profits from its tangible assets. It shows how well a company uses what it has to generate earnings. Return-on-Tangible-Assets can vary drastically across industries. Therefore, Return-on-Tangible-Asset should not be used to compare companies in different industries.
Be Aware
Like ROE and ROA, Return-on-Tangible-Asset is calculated with only 12 months data. Fluctuations in the companys earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. Return-on-Tangible-Asset can be affected by events such as stock buyback or issuance, and by a companys tax rate and its interest payment. Return-on-Tangible-Asset may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).
Many analysts argue the higher return the better. Buffett states that really high Return-on-Tangible-Asset may indicate vulnerability in the durability of the competitive advantage.
Dangote Sugar Refinery Return-on-Tangible-Asset Related Terms
Dangote Sugar Refinery Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Dangote Sugar Refinery's Return-on-Tangible-Asset 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.
NSA:DSRP vs MDLZ, HSY, TR: Return-on-Tangible-Asset Comparison
For the Confectioners subindustry, Dangote Sugar Refinery's Return-on-Tangible-Asset, along with its competitors' market caps and Return-on-Tangible-Asset 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.
Dangote Sugar Refinery Return-on-Tangible-Asset vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Dangote Sugar Refinery's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Dangote Sugar Refinery's Return-on-Tangible-Asset falls into.
* 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-Asset, the net income of the last fiscal year and the average total tangible assets over the fiscal year are used. In calculating the quarterly data,
the Net Income data used here is one times the annual (Dec. 2025) net income data.
What does a Return-on-Tangible-Asset of -6.35% mean?
Dangote Sugar Refinery (NSA:DSRP) has a Return-on-Tangible-Asset of -6.35% as of Dec. 2025. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Dangote Sugar Refinery and its competitors. According to the industry distribution chart, Dangote Sugar Refinery ranks #1696 out of 1996 companies in the Consumer Packaged Goods industry, placing it in the top 85%.
Is Dangote Sugar Refinery's Return-on-Tangible-Asset too high?
Dangote Sugar Refinery's current Return-on-Tangible-Asset is -6.35%. Based on the distribution chart, Dangote Sugar Refinery ranks #1696 out of 1996 companies in the Consumer Packaged Goods industry, which is in the bottom quartile relative to peers. Overall, Dangote Sugar Refinery has a GF Score™ of 65/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Dangote Sugar Refinery's Return-on-Tangible-Asset compare to MDLZ and HSY?
According to the Consumer Packaged Goods industry distribution chart, Dangote Sugar Refinery ranks #1696 out of 1996 companies for Return-on-Tangible-Asset. This places Dangote Sugar Refinery in the lower half of its industry. The industry median Return-on-Tangible-Asset is 3.40. 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-Asset for a Consumer Packaged Goods company?
The median Return-on-Tangible-Asset among Consumer Packaged Goods companies is 3.40, based on 1,996 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Asset significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Asset 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-Asset mean?
A high Return-on-Tangible-Asset can signal that a stock is expensive relative to its fundamentals. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Dangote Sugar Refinery and its competitors. For the Consumer Packaged Goods industry, the median Return-on-Tangible-Asset is 3.40 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Dangote Sugar Refinery's current Return-on-Tangible-Asset is -6.35%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Dangote Sugar Refinery stock overvalued right now?
Based on GuruFocus' analysis, Dangote Sugar Refinery (NSA:DSRP) is currently considered Fairly Valued. The stock's GF Value™ is ₦80.28, compared to a current price of ₦73.00 — trading 9.1% below its estimated fair value. The current Return-on-Tangible-Asset is -6.35%. Dangote Sugar Refinery's overall GF Score™ is 65/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Asset calculated?
Return-on-Tangible-Asset is calculated from a company's financial statements. For Dangote Sugar Refinery (NSA:DSRP), the current Return-on-Tangible-Asset is -6.35% as of Dec. 2025. 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 Dangote Sugar Refinery (NSA:DSRP) Overvalued in 2026?
Based on GuruFocus' analysis, Dangote Sugar Refinery stock appears to be undervalued.
The current stock price of ₦73.00 is trading 9.1% below its estimated GF Value™ of ₦80.28.
GuruFocus considers Dangote Sugar Refinery to be Fairly Valued.
Key valuation signals for NSA:DSRP:
Return-on-Tangible-Asset: -6.35%
GF Value™: ₦80.28 vs. price of ₦73.00 (9.1% below fair value)
No single metric tells the full story. See the NSA:DSRP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Dangote Sugar Refinery PLC is engaged in refining raw sugar to produce fortified and non-fortified granulated white sugar. The company distributes refined white sugar to consumers and industrial customers in Nigeria. The company is also engaged in the cultivation and milling of sugar cane to finished sugar. Its geographical segments include Northern Nigeria, Western Nigeria, Eastern Nigeria, and Lagos. The company derives a majority of its revenue from the Lagos region.
65GF Score
Get the complete analysis for NSA:DSRP
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
NSA:DSRP has been successfully added to your 
