Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
ROC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROIC %. AXAS Holdings Co's annualized return on capital (ROC %) for the quarter that ended in Feb. 2026 was 1.13%.
As of today (2026-07-14), AXAS Holdings Co's WACC % is 1.44%. AXAS Holdings Co's ROC % is 0.82% (calculated using TTM income statement data).
AXAS Holdings Co earns returns that do not match up to its cost of capital. It will destroy value as it grows.
AXAS Holdings Co (TSE:3536) 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, AXAS Holdings Co's WACC % is 1.44%. AXAS Holdings Co's ROC % is 0.82% (calculated using TTM income statement data).
AXAS Holdings Co 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.
AXAS Holdings Co ROC % Related Terms
AXAS Holdings Co ROC % Historical Data
* Premium members only.
The historical data trend for AXAS Holdings Co'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.
Note:
The Operating Income data used here is two times the semi-annual (Feb. 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.
AXAS Holdings Co (TSE:3536) has a ROC % of 1.13% as of Feb. 2026. Return on capital is the ratio of current-period net income to average two-period capital. View historical data on AXAS Holdings Co and its competitors.
Is AXAS Holdings Co's ROC % too high?
AXAS Holdings Co's current ROC % is 1.13%. The Consumer Packaged Goods industry median ROC % is 5.16. AXAS Holdings Co's value of 1.13% is 78.1% below this industry median. Overall, AXAS Holdings Co has a GF Score™ of 55/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does AXAS Holdings Co's ROC % compare to PG and CL?
AXAS Holdings Co's ROC % of 1.13% can be compared against companies in the Consumer Packaged Goods industry. The industry median ROC % is 5.16. AXAS Holdings Co's value of 1.13% is 78.1% below 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 Consumer Packaged Goods company?
The median ROC % among Consumer Packaged Goods companies is 5.16, based on 1,950 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. AXAS Holdings Co's current ROC % of 1.13% is 78.1% below 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 AXAS Holdings Co and its competitors. For the Consumer Packaged Goods industry, the median ROC % is 5.16 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. AXAS Holdings Co's current ROC % is 1.13%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is AXAS Holdings Co stock overvalued right now?
Based on GuruFocus' analysis, AXAS Holdings Co (TSE:3536) is currently considered Fairly Valued. The stock's GF Value™ is 円140.85, compared to a current price of 円129.00 — trading 8.4% below its estimated fair value. The current ROC % is 1.13% and 78.1% below the Consumer Packaged Goods industry median of 5.16. AXAS Holdings Co's overall GF Score™ is 55/100 with 7 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 AXAS Holdings Co (TSE:3536), the current ROC % is 1.13% as of Feb. 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.
Is AXAS Holdings Co (TSE:3536) Overvalued in 2026?
Based on GuruFocus' analysis, AXAS Holdings Co stock appears to be undervalued.
The current stock price of 円129.00 is trading 8.4% below its estimated GF Value™ of 円140.85.
GuruFocus considers AXAS Holdings Co to be Fairly Valued.
Key valuation signals for TSE:3536:
ROC %: 1.13%
GF Value™: 円140.85 vs. price of 円129.00 (8.4% below fair value)
Industry Position: 78.1% below the Consumer Packaged Goods median
No single metric tells the full story. See the TSE:3536 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
AXAS Holdings Co Ltd is engaged in the distribution of household and personal products. The products offered by the company include cosmetics, household goods, sports gear, alcoholic beverages, and pharmaceuticals sales. The company is also engaged in the import and export business of cosmetics and alcoholic beverages.
55GF Score
Get the complete analysis for TSE:3536
ROC % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
TSE:3536 has been successfully added to your 
