Alternative performance measures
The Group uses a number of alternative performance measures in its report. The alternative performance measures that BE Group considers significant are the following:
Underlying operating result (uEBIT)
| (SEK M) | (MSEK) | 2022 | 2021 |
| Operating result | Rörelseresultat | 418 | 621 |
| Reversal of inventory gains (-)/losses (+) | Återläggning lagervinster (-)/förluster (+) | 70 | -92 |
| Adjustment for items affecting comparability | Justering för jämförelsestörande poster | – | – |
| Group | Koncernen | 488 | 529 |
Working capital
| (SEK M) | (MSEK) | 2022 | 2021 |
| Inventories | Varulager | 1,127 | 1,033 |
| Accounts receivables | Kundfordringar | 675 | 653 |
| Other receivables | Övriga rörelsefordringar | 78 | 39 |
| Deduction accounts payables | Avdrag leverantörsskulder | -480 | -641 |
| Deduction other current liabilities | Avdrag övriga kortfristiga skulder | -269 | -229 |
| Rounding | Avrundning | -1 | 1 |
| Group | Koncernen | 1,130 | 856 |
Average working capital is an average for each period based on quarterly data.
Net debt excl. IFRS 16
| (SEK M) | (MSEK) | 2022 | 2021 |
| Non-current interest-bearing liabilities and leasing liabilities | Långfristiga räntebärande skulder och leasingskulder | 811 | 681 |
| Current interest-bearing liabilities and leasing liabilities | Kortfristiga räntebärande skulder och leasingskulder | 95 | 95 |
| Deduction leasing liabilities | Avdrag leasingskulder | -499 | -481 |
| Deduction financial assets | Avdrag finansiella anläggningstillgångar | 0 | 0 |
| Deduction cash and equivalents | Avdrag likvida medel | -50 | -54 |
| Group | Koncernen | 357 | 241 |
Net debt/equity ratio excl. IFRS 16 is calculated as net debt excl. IFRS 16 divided by equity.
Capital employed excl. IFRS 16
| (SEK M) | (MSEK) | 2022 | 2021 |
| Equity excl. IFRS 16 | Eget kapital exkl. IFRS 16 | 1,645 | 1,420 |
| Non-current interest bearing liabilities and leasing liabilities | Långfristiga räntebärande skulder och leasingskulder | 811 | 681 |
| Current interest bearing liabilities and leasing liabilities | Kortfristiga räntebärande skulder och leasingskulder | 95 | 95 |
| Deduction leasing liabilities | Avdrag leasingskulder | -499 | -481 |
| Rounding | Avrundning | – | 1 |
| Group | Koncernen | 2,052 | 1,716 |
Average capital employed excl. IFRS 16 is an average for each period based on quarterly data.