ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Dangote Sugar Refinery's annualizedNet Income for the quarter that ended in Dec. 2022 was ₦54,738 Mil.
Dangote Sugar Refinery's average Total Assets over the quarter that ended in Dec. 2022 was ₦425,970 Mil. Therefore, Dangote Sugar Refinery's annualized ROA % for the quarter that ended in Dec. 2022 was 12.85%.
The historical rank and industry rank for Dangote Sugar Refinery's ROA % or its related term are showing as below:
NSA:DSRP'
s ROA % Range Over the Past 10 Years
Min: 6.92 Med: 12.4 Max: 21.25
Current: 12.85
During the past 13 years, Dangote Sugar Refinery's highest ROA % was 21.25%. The lowest was 6.92%. And the median was 12.40%.
NSA:DSRP's ROA % is ranked better than 89.92% of 1905
companies
in the Consumer Packaged Goods industry
Industry Median: 2.98
vs NSA:DSRP: 12.85
* 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.
Competitive Comparison of Dangote Sugar Refinery's ROA %
For the Confectioners subindustry, Dangote Sugar Refinery's ROA %, along with its competitors' market caps and ROA % 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's ROA % Distribution in the Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Dangote Sugar Refinery's ROA % distribution charts can be found below:
* The bar in red indicates where Dangote Sugar Refinery's ROA % falls into.
Dangote Sugar Refinery ROA % Calculation
Dangote Sugar Refinery's annualized ROA % for the fiscal year that ended in Dec. 2022 is calculated as:
* 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 ROA %, the net income of the last fiscal year and the average total assets over the fiscal year are used. In calculating the quarterly data,
the Net Income data used here is one times the annual (Dec. 2022) net income data.
ROA % is displayed in the 30-year financial page.
ROA % measures the rate of return on the total assets (shareholder equity plus liabilities). It measures a firm's efficiency at generating profits from shareholders' equity plus its liabilities. ROA % shows how well a company uses what it has to generate earnings. ROA %s can vary drastically across industries. Therefore, ROA % should not be used to compare companies in different industries. For retailers, a ROA % of higher than 5% is expected. For example, Wal-Mart (WMT) has a ROA % of about 8% as of 2012. For banks, ROA % is close to their interest spread. A banks ROA % is typically well under 2%.
Similar to ROE, ROA % is affected by profit margins and asset turnover. This can be seen from the Du Pont Formula:
Note:
The Net Income data used here is one times the annual (Dec. 2022) net income data. The Revenue data used here is one times the annual (Dec. 2022) 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
Like ROE, ROA % is calculated with only 12 months data. Fluctuations in the company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. ROA % can be affected by events such as stock buyback or issuance, and by goodwill, a company's tax rate and its interest payment. ROA % 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 ROA % may indicate vulnerability in the durability of the competitive advantage.
E.g. Raising $43b to take on KO is impossible, but $1.7b to take on Moody's is. Although Moody's ROA % and underlying economics is far superior to Coca Cola, the durability is far weaker because of lower entry cost.
Dangote Sugar Refinery ROA % Related Terms
Thank you for viewing the detailed overview of Dangote Sugar Refinery's ROA % provided by GuruFocus.com. Please click on the following links to see related term pages.
Dangote Sugar Refinery (NSA:DSRP) Business Description
Dangote Sugar Refinery PLC is engaged in refining raw sugar into edible sugar and selling refined sugar. 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 revenue from the Northern Nigeria region.
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