Dangote Sugar Refinery (NSA:DSRP) Scaled Net Operating Assets: 0.77 (As of Dec. 2025)


NSA:DSRP Dangote Sugar Refinery PLC NSA:DSRP
70 GF Score
Price ₦64.65
GF Value ₦78.80
Valuation Modestly Undervalued
! 9 Warning Signs
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What is Dangote Sugar Refinery Scaled Net Operating Assets?

Dangote Sugar Refinery NSA:DSRP -4.93% 70 Scaled Net Operating Assets is 0.77 as of Dec. 2025. GuruFocus rates NSA:DSRP with a GF Score™ of 70/100 and a GF Value™ of ₦78.80 (Modestly Undervalued). The stock has 9 warning signs investors should review.

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Dangote Sugar Refinery's operating assets for the quarter that ended in Dec. 2025 was ₦913,345 Mil. Dangote Sugar Refinery's operating liabilities for the quarter that ended in Dec. 2025 was ₦108,896 Mil. Dangote Sugar Refinery's Total Assets for the quarter that ended in Dec. 2024 was ₦1,050,833 Mil. Therefore, Dangote Sugar Refinery's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was 0.77.


Dangote Sugar Refinery Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Dangote Sugar Refinery's Scaled Net Operating Assets 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.

Dangote Sugar Refinery Scaled Net Operating Assets Chart

Dangote Sugar Refinery Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.58 0.37 0.38 1.31 0.77

Dangote Sugar Refinery Semi-Annual Data
Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Scaled Net Operating Assets 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 0.58 0.37 0.38 1.31 0.77

NSA:DSRP vs MDLZ, HSY, TR: Scaled Net Operating Assets Comparison

For the Confectioners subindustry, Dangote Sugar Refinery's Scaled Net Operating Assets, along with its competitors' market caps and Scaled Net Operating Assets 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 Scaled Net Operating Assets vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Dangote Sugar Refinery's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Dangote Sugar Refinery's Scaled Net Operating Assets falls into.


NSA:DSRP
70GF Score
Dangote Sugar Refinery PLC NSA:DSRP
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Dangote Sugar Refinery Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Dangote Sugar Refinery's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(A: Dec. 2025 )
=(Operating Assets (A: Dec. 2025 )-Operating Liabilities (A: Dec. 2025 ))/Total Assets (A: Dec. 2024 )
=(913345.338-108896.151)/1050832.72
=0.77

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=965925.567 - 52580.229
=913345.338

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=836945.4 - 37351.543 - 690697.706
=108896.151

Dangote Sugar Refinery's Scaled Net Operating Assets (SNOA) for the quarter that ended in Dec. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Dec. 2025 )
=(Operating Assets (Q: Dec. 2025 )-Operating Liabilities (Q: Dec. 2025 ))/Total Assets (Q: Dec. 2024 )
=(913345.338-108896.151)/1050832.72
=0.77

where

Operating Assets(Q: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=965925.567 - 52580.229
=913345.338

Operating Liabilities(Q: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=836945.4 - 37351.543 - 690697.706
=108896.151

* 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.

What does a Scaled Net Operating Assets of 0.77 mean?
Dangote Sugar Refinery (NSA:DSRP) has a Scaled Net Operating Assets of 0.77 as of Dec. 2025. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Dangote Sugar Refinery and its competitors.
Is Dangote Sugar Refinery's Scaled Net Operating Assets too high?
Dangote Sugar Refinery's current Scaled Net Operating Assets is 0.77. Overall, Dangote Sugar Refinery has a GF Score™ of 70/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Dangote Sugar Refinery's Scaled Net Operating Assets compare to MDLZ and HSY?
Dangote Sugar Refinery's Scaled Net Operating Assets of 0.77 can be compared against companies in the Consumer Packaged Goods industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Scaled Net Operating Assets for a Consumer Packaged Goods company?
A good Scaled Net Operating Assets depends on the Consumer Packaged Goods industry context. However, Scaled Net Operating Assets 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 Scaled Net Operating Assets mean?
A high Scaled Net Operating Assets can signal that a stock is expensive relative to its fundamentals. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Dangote Sugar Refinery and its competitors. Dangote Sugar Refinery's current Scaled Net Operating Assets is 0.77. 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 Modestly Undervalued. The stock's GF Value™ is ₦78.80, compared to a current price of ₦64.65 — trading 18% below its estimated fair value. The current Scaled Net Operating Assets is 0.77. Dangote Sugar Refinery's overall GF Score™ is 70/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Scaled Net Operating Assets calculated?
Scaled Net Operating Assets is calculated from a company's financial statements. For Dangote Sugar Refinery (NSA:DSRP), the current Scaled Net Operating Assets is 0.77 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 ₦64.65 is trading 18% below its estimated GF Value™ of ₦78.80. GuruFocus considers Dangote Sugar Refinery to be Modestly Undervalued.

Key valuation signals for NSA:DSRP:

  • Scaled Net Operating Assets: 0.77
  • GF Value™: ₦78.80 vs. price of ₦64.65 (18% below fair value)
  • GF Score™: 70/100 with 9 warning signs

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 Business Description

Address Terminal E, Shed 20, 3rd Floor, GDNL Building, NPA Wharf Port Complex, Apapa, Lagos, NGA
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.
70GF Score

Get the complete analysis for NSA:DSRP

Scaled Net Operating Assets is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₦64.65
Price
₦78.80
GF Value