4DS Memory (ASX:4DS) EBIT : A$-4.90 Mil (TTM As of Dec. 2023)

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What is 4DS Memory EBIT?

4DS Memory's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was A$-1.95 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was A$-4.90 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. 4DS Memory's annualized ROC % for the quarter that ended in Dec. 2023 was -833.80%. 4DS Memory's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -1,039.47%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. 4DS Memory's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -3.54%.

4DS Memory EBIT Historical Data

The historical data trend for 4DS Memory's EBIT 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.

* Premium members only.

4DS Memory EBIT Chart

4DS Memory Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

EBIT

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-5.82

-5.52

-6.76

-6.73

-5.79

4DS Memory Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
EBIT	Get a 7-Day Free Trial															-3.05	-3.68	-2.84	-2.95	-1.95

Competitive Comparison of 4DS Memory's EBIT

For the Semiconductors subindustry, 4DS Memory's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT 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.

4DS Memory's EV-to-EBIT Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, 4DS Memory's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where 4DS Memory's EV-to-EBIT falls into.

4DS Memory EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Dec. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was A$-4.90 Mil.

4DS Memory (ASX:4DS) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

4DS Memory's annualized ROC % for the quarter that ended in Dec. 2023 is calculated as:

	ROC % (Q: Dec. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jun. 2023 )	+	Invested Capital (Q: Dec. 2023 ))	/ count )
=	-3.898 * ( 1 - 0% )	/	( (0.304	+	0.631)	/ 2 )
=	-3.898	/	0.4675
=	-833.80 %

where

	Invested Capital		(Q: Jun. 2023 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	5.853	-	0.082	-	( 5.6	-	max(0, 0.194	-	5.661	+	5.6	))
=	0.304

	Invested Capital		(Q: Dec. 2023 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	11.013	-	0.059	-	( 10.323	-	max(0, 0.246	-	10.59	+	10.323	))
=	0.631

Note: The Operating Income data used here is two times the semi-annual (Dec. 2023) data.

2. Joel Greenblatt's definition of Return on Capital:

4DS Memory's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Dec. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Jun. 2023		Q: Dec. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-3.898	/	( ( (0.192 + max(-0.079, 0))	+	(0.424 + max(0.134, 0)) )	/	2 )
=	-3.898	/	( ( 0.192	+	0.558 )	/	2 )
=	-3.898	/	0.375
=	-1,039.47 %

where Working Capital is:

	Working Capital		(Q: Jun. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.061)	-	(0.082	+	0	+	0.058)
=	-0.079

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.121	+	0	+	0.146)	-	(0.059	+	0	+	0.074)
=	0.134

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

4DS Memory's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	-4.895	/	138.107
	=	-3.54 %

4DS Memory EBIT Related Terms

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4DS Memory (ASX:4DS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » 4DS Memory Ltd (ASX:4DS) » Definitions » EBIT

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FRDSF:USA

Address

50 Kings Park Road, Level 2, West Perth, Perth, WA, AUS, 6005

Website

https://www.4dsmemory.com

4DS Memory Ltd is a semiconductor company which is in the research and development of a non-volatile memory technology known as Interface Switching ReRAM, for next-generation gigabyte Storage Class Memory. Facilities located in Silicon Valley.

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