4DS Memory (ASX:4DS) ROC %: -662.14% (As of Dec. 2025)

What is 4DS Memory ROC %?

4DS Memory ASX:4DS ROC % is -662.14% as of Dec. 2025. The stock has 1 warning sign investors should review.

ROC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROIC %. 4DS Memory's annualized return on capital (ROC %) for the quarter that ended in Dec. 2025 was -662.14%.

As of today (2026-06-24), 4DS Memory's WACC % is 7.99%. 4DS Memory's ROC % is -1877.98% (calculated using TTM income statement data). 4DS Memory earns returns that do not match up to its cost of capital. It will destroy value as it grows.

4DS Memory (ASX:4DS) ROC % Explanation

ROC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROIC %. The reason book values of debt and equity are used is because the book values are the capital the company received when issuing the debt or receiving the equity investments.

There are four key components to this definition. The first is the use of operating income or EBIT rather than net income in the numerator. The second is the tax adjustment to this operating income or EBIT, computed as a hypothetical tax based on an effective or marginal tax rate. The third is the use of book values for invested capital, rather than market values. The final is the timing difference; the capital invested is from the end of the prior year whereas the operating income or EBIT is the current year's number.

Why is ROC % important?

Because it costs money to raise capital. A firm that generates higher returns on investment than it costs the company to raise the capital needed for that investment is earning excess returns. A firm that expects to continue generating positive excess returns on new investments in the future will see its value increase as growth increases, whereas a firm that earns returns that do not match up to its cost of capital will destroy value as it grows.

As of today, 4DS Memory's WACC % is 7.99%. 4DS Memory's ROC % is -1877.98% (calculated using TTM income statement data). 4DS Memory earns returns that do not match up to its cost of capital. It will destroy value as it grows.

Be Aware

Like ROE % and ROA %, ROC % is calculated with only 12 months of 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.

4DS Memory ROC % Related Terms

4DS Memory ROC % Historical Data

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The historical data trend for 4DS Memory's ROC % 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.

4DS Memory ROC % Chart

4DS Memory Annual Data

Trend

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Jun25

ROC %

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-814.34

-1,012.01

-1,338.27

-1,411.18

-2,137.27

4DS Memory Semi-Annual Data
	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24	Jun25	Dec25
ROC %	Get a 7-Day Free Trial															-833.80	-1,341.91	-1,457.78	-2,872.93	-662.14

4DS Memory ROC % Calculation

4DS Memory's annualized Return on Capital (ROC %) for the fiscal year that ended in Jun. 2025 is calculated as:

	ROC % (A: Jun. 2025 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (A: Jun. 2024 )	+	Invested Capital (A: Jun. 2025 ))	/ count )
=	-9.949 * ( 1 - 0% )	/	( (0.519	+	0.412)	/ 2 )
=	-9.949	/	0.4655
=	-2,137.27 %

where

	Invested Capital		(A: Jun. 2024 )
=	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	))
=	8.371	-	0.091	-	( 7.884	-	max(0, 0.27	-	8.031	+	7.884	))
=	0.519

	Invested Capital		(A: Jun. 2025 )
=	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	))
=	10.541	-	1.534	-	( 10.199	-	max(0, 1.746	-	10.341	+	10.199	))
=	0.412

4DS Memory's annualized Return on Capital (ROC %) for the quarter that ended in Dec. 2025 is calculated as:

	ROC % (Q: Dec. 2025 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jun. 2025 )	+	Invested Capital (Q: Dec. 2025 ))	/ count )
=	-2.44 * ( 1 - 0% )	/	( (0.412	+	0.325)	/ 2 )
=	-2.44	/	0.3685
=	-662.14 %

where

	Invested Capital		(Q: Jun. 2025 )
=	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	))
=	10.541	-	1.534	-	( 10.199	-	max(0, 1.746	-	10.341	+	10.199	))
=	0.412

	Invested Capital		(Q: Dec. 2025 )
=	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	))
=	9.075	-	1.147	-	( 8.793	-	max(0, 1.411	-	9.014	+	8.793	))
=	0.325

Note: The Operating Income data used here is two times the semi-annual (Dec. 2025) data. The tax rate is limited to between 0% and 100%.

Frequently Asked Questions Learn more about ROC % →

What does a ROC % of -662.14% mean?

4DS Memory (ASX:4DS) has a ROC % of -662.14% as of Dec. 2025. Return on capital is the ratio of current-period net income to average two-period capital. View historical data on 4DS Memory and its competitors.

Is 4DS Memory's ROC % too high?

4DS Memory's current ROC % is -662.14%.

How does 4DS Memory's ROC % compare to NVDA and AVGO?

4DS Memory's ROC % of -662.14% can be compared against companies in the Semiconductors industry. The industry median ROC % is 3.71. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good ROC % for a Semiconductors company?

The median ROC % among Semiconductors companies is 3.71, based on 1,012 companies in the industry. Companies in the top quartile (top 25%) have a ROC % significantly above this median, while those in the bottom quartile fall well below. However, ROC % 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 ROC % mean?

A high ROC % can signal that a stock is expensive relative to its fundamentals. Return on capital is the ratio of current-period net income to average two-period capital. View historical data on 4DS Memory and its competitors. For the Semiconductors industry, the median ROC % is 3.71 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. 4DS Memory's current ROC % is -662.14%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is 4DS Memory stock overvalued right now?

4DS Memory (ASX:4DS) has a current ROC % of -662.14%. The current ROC % is -662.14%. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is ROC % calculated?

ROC % is calculated from a company's financial statements. For 4DS Memory (ASX:4DS), the current ROC % is -662.14% 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.

4DS Memory Business Description

Industry Technology Semiconductors

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Other Exchanges 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.