Daiwa Cycle Co (FRA:OQ7) Operating Income: €8.1 Mil (TTM As of Jan. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
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.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
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.

FRA:OQ7 Daiwa Cycle Co Ltd FRA:OQ7
29 GF Score
Price €14.80
View Full Analysis

What is Daiwa Cycle Co Operating Income?

Daiwa Cycle Co FRA:OQ7 +1.37% 29 Operating Income is €8.1 Mil as of Jan. 2026. GuruFocus rates FRA:OQ7 with a GF Score™ of 29/100.

Daiwa Cycle Co's Operating Income for the three months ended in Jan. 2026 was €0.6 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Jan. 2026 was €8.1 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Daiwa Cycle Co's Operating Income for the three months ended in Jan. 2026 was €0.6 Mil. Daiwa Cycle Co's Revenue for the three months ended in Jan. 2026 was €26.9 Mil. Therefore, Daiwa Cycle Co's Operating Margin % for the quarter that ended in Jan. 2026 was 2.31%.

Daiwa Cycle Co's 5-Year average Growth Rate for Operating Margin % was 0.00% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Daiwa Cycle Co's annualized ROC % for the quarter that ended in Jan. 2026 was 6.94%. Daiwa Cycle Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jan. 2026 was 16.27%.

Daiwa Cycle Co  (FRA:OQ7) Operating Income Explanation

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

Daiwa Cycle Co's annualized ROC % for the quarter that ended in Jan. 2026 is calculated as:

ROC % (Q: Jan. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Oct. 2025 ) + Invested Capital (Q: Jan. 2026 ))/ count )
=2.484 * ( 1 - 5.66% )/( (34.487 + 33.013)/ 2 )
=2.3434056/33.75
=6.94 %

where

Invested Capital(Q: Oct. 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))
=51.198 - 6.732 - ( 9.979 - max(0, 15.552 - 35.007+9.979))
=34.487

Invested Capital(Q: Jan. 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))
=52.068 - 8.091 - ( 10.964 - max(0, 17.266 - 35.792+10.964))
=33.013

Note: The Operating Income data used here is four times the quarterly (Jan. 2026) data.

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

Daiwa Cycle Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jan. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Jan. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Oct. 2025  Q: Jan. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=2.544/( ( (7.077 + max(9.476, 0)) + (7.161 + max(7.562, 0)) )/ 2 )
=2.544/( ( 16.553 + 14.723 )/ 2 )
=2.544/15.638
=16.27 %

where Working Capital is:

Working Capital(Q: Oct. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(3.626 + 20.136 + 1.266) - (6.732 + 0 + 8.82)
=9.476

Working Capital(Q: Jan. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(3.515 + 19.889 + 1.424) - (8.091 + 0 + 9.175)
=7.562

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Jan. 2026) EBIT data.

3. Operating Income is also linked to Operating Margin %:

Daiwa Cycle Co's Operating Margin % for the quarter that ended in Jan. 2026 is calculated as:

Operating Margin %=Operating Income (Q: Jan. 2026 )/Revenue (Q: Jan. 2026 )
=0.621/26.892
=2.31 %

* 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.

4. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Operating Income growth rate using Operating Income per share data.

Be Aware

Compared with a company's EBITDA margin, Operating Margin can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).

If a company is facing competition, its Operating Margin may decline. Often the Operating Margin declines well before the company's revenue or even profit decline. Therefore, Operating Margin is a very important indicator of whether the company is facing problems.

For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokia's Operating Margin had already been in decline since 2002, although its earnings per share were still rising. Investors who paid attention to Operating Margin would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).

Therefore, Operating Margin is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.

Daiwa Cycle Co Operating Income Related Terms

Daiwa Cycle Co Operating Income Historical Data

* Premium members only.

The historical data trend for Daiwa Cycle Co's Operating Income 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.

Daiwa Cycle Co Operating Income Chart

Daiwa Cycle Co Annual Data
Trend Jan22 Jan23 Jan24 Jan25 Jan26
Operating Income
1.70 4.00 5.00 8.49 7.70

Daiwa Cycle Co Quarterly Data
Jan22 Jan23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25 Jul25 Oct25 Jan26 Apr26
Operating Income Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.78 1.66 2.30 0.62 3.53
FRA:OQ7
29GF Score
Daiwa Cycle Co Ltd FRA:OQ7
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Daiwa Cycle Co Operating Income Calculation

Operating Income, is the profit a company earned through operations. All expenses, including cash expenses such as cost of goods sold (COGS), research & development, wages, and non-cash expenses, such as depreciation, depletion and amortization, have been deducted from the sales.

Operating Income for the trailing twelve months (TTM) ended in Jan. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €8.1 Mil.

* 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 Operating Income →
What does a Operating Income of €8.1 Mil mean?
Daiwa Cycle Co (FRA:OQ7) has a Operating Income of €8.1 Mil as of Jan. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Daiwa Cycle Co and its competitors.
Is Daiwa Cycle Co's Operating Income too high?
Daiwa Cycle Co's current Operating Income is €8.1 Mil. Overall, Daiwa Cycle Co has a GF Score™ of 29/100, reflecting its overall financial health beyond just this single metric.
How does Daiwa Cycle Co's Operating Income compare to BC and PII?
Daiwa Cycle Co's Operating Income of €8.1 Mil can be compared against companies in the Vehicles & Parts industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Operating Income for a Vehicles & Parts company?
A good Operating Income depends on the Vehicles & Parts industry context. However, Operating Income 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 Operating Income mean?
A high Operating Income can signal that a stock is expensive relative to its fundamentals. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Daiwa Cycle Co and its competitors. Daiwa Cycle Co's current Operating Income is €8.1 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Daiwa Cycle Co stock overvalued right now?
Daiwa Cycle Co (FRA:OQ7) has a current Operating Income of €8.1 Mil. The current Operating Income is €8.1 Mil. Daiwa Cycle Co's overall GF Score™ is 29/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Operating Income calculated?
Operating Income is calculated from a company's financial statements. For Daiwa Cycle Co (FRA:OQ7), the current Operating Income is €8.1 Mil as of Jan. 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.

Daiwa Cycle Co Business Description

Other Exchanges 5888:Japan
Address 1-12-38 Esaka-cho, 5th floor, Esaka Soliton Building, Suita-shi, Osaka, JPN, 564-0063
Daiwa Cycle Co Ltd is a specialty retail company that operates a chain of bicycle stores. The Company is engaged in the Sales of bicycles, bicycle parts and accessories as well as the provision of bicycle maintenance and repair. The company distributes its products and services directly to consumers through its directly managed physical locations, franchise partnerships, and e-commerce platforms.
29GF Score

Get the complete analysis for FRA:OQ7

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

€14.80
Price