Medix (TSE:331A) ROC %: 37.56% (As of Mar. 2026)

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TSE:331A Medix Inc TSE:331A
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What is Medix ROC %?

Medix TSE:331A +0.20% 19 ROC % is 37.56% as of Mar. 2026. GuruFocus rates TSE:331A with a GF Score™ of 19/100. The stock has 4 warning signs 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 %. Medix's annualized return on capital (ROC %) for the quarter that ended in Mar. 2026 was 37.56%.

As of today (2026-07-22), Medix's WACC % is 7.55%. Medix's ROC % is 33.61% (calculated using TTM income statement data). Medix generates higher returns on investment than it costs the company to raise the capital needed for that investment. It 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.


Medix  (TSE:331A) 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, Medix's WACC % is 7.55%. Medix's ROC % is 33.61% (calculated using TTM income statement data). Medix generates higher returns on investment than it costs the company to raise the capital needed for that investment. It 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.


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.


Medix ROC % Related Terms


Medix ROC % Historical Data

* Premium members only.

The historical data trend for Medix'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.

Medix ROC % Chart

Medix Annual Data
Trend Mar23 Mar24 Mar25 Mar26
ROC %
33.72 57.14 68.42 33.34

Medix Semi-Annual Data
Mar23 Mar24 Sep24 Mar25 Sep25 Mar26
ROC % Get a 7-Day Free Trial 0.00 39.24 97.71 28.98 37.56
TSE:331A
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Medix Inc TSE:331A
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Medix ROC % Calculation

Medix's annualized Return on Capital (ROC %) for the fiscal year that ended in Mar. 2026 is calculated as:

ROC % (A: Mar. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (A: Mar. 2025 ) + Invested Capital (A: Mar. 2026 ))/ count )
=659.414 * ( 1 - 34.34% )/( (1007.039 + 1590.063)/ 2 )
=432.9712324/1298.551
=33.34 %

where

Invested Capital(A: Mar. 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))
=6669.568 - 2393.025 - ( 3771.068 - max(0, 2832.949 - 6102.453+3771.068))
=1007.039

Invested Capital(A: Mar. 2026 )
=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))
=7732.233 - 2472.726 - ( 4064.327 - max(0, 3077.093 - 6746.537+4064.327))
=1590.063

Medix's annualized Return on Capital (ROC %) for the quarter that ended in Mar. 2026 is calculated as:

ROC % (Q: Mar. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Sep. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=836.224 * ( 1 - 35.83% )/( (1267.102 + 1590.063)/ 2 )
=536.6049408/1428.5825
=37.56 %

where

Invested Capital(Q: Sep. 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))
=6828.972 - 1926.09 - ( 4182.778 - max(0, 2545.546 - 6181.326+4182.778))
=1267.102

Invested Capital(Q: Mar. 2026 )
=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))
=7732.233 - 2472.726 - ( 4064.327 - max(0, 3077.093 - 6746.537+4064.327))
=1590.063

Note: The Operating Income data used here is two times the semi-annual (Mar. 2026) data. The tax rate is limited to between 0% and 100%.

* 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.

Frequently Asked Questions Learn more about ROC % →
What does a ROC % of 37.56% mean?
Medix (TSE:331A) has a ROC % of 37.56% as of Mar. 2026. Return on capital is the ratio of current-period net income to average two-period capital. View historical data on Medix and its competitors.
Is Medix's ROC % too high?
Medix's current ROC % is 37.56%. The Media - Diversified industry median ROC % is 1.46. Medix's value of 37.56% is 2472.6% above this industry median. Overall, Medix has a GF Score™ of 19/100, reflecting its overall financial health beyond just this single metric.
How does Medix's ROC % compare to APP and OMC?
Medix's ROC % of 37.56% can be compared against companies in the Media - Diversified industry. The industry median ROC % is 1.46. Medix's value of 37.56% is 2472.6% above this benchmark. 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 Media - Diversified company?
The median ROC % among Media - Diversified companies is 1.46, based on 1,004 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. Medix's current ROC % of 37.56% is 2472.6% above the industry median. 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 Medix and its competitors. For the Media - Diversified industry, the median ROC % is 1.46 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Medix's current ROC % is 37.56%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Medix stock overvalued right now?
Medix (TSE:331A) has a current ROC % of 37.56%. The current ROC % is 37.56% and 2472.6% above the Media - Diversified industry median of 1.46. Medix's overall GF Score™ is 19/100 with 4 warning signs to review. 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 Medix (TSE:331A), the current ROC % is 37.56% as of Mar. 2026. 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.

Medix Business Description

Address 1-105 Kanda-Jinbo-cho, 19th Floor, Jimbocho Mitsui Building, Chiyoda-ku, Tokyo, JPN, 101-0051
Medix Inc is an internet advertising agency that places the utmost importance on understanding its clients' business models deeply and helping them solve problems over the medium to long term. It is engaged in Digital marketing services including creative design and production, data parsing and analysis, and Internet advertising services. The company provides services in the digital marketing field to clients in various lines and industries.
19GF Score

Get the complete analysis for TSE:331A

ROC % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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