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) 2020
Jan-Mar
2019
Jan-Mar
2019
Full-year
Rolling
12 months
(MSEK) 2020
jan-mar
2019
jan-mar
2019
helår
Rullande
12 mån
Operating result Rörelseresultat -4 34 88 50
Reversal of inventory gains (-)/losses (+) Återläggning lagervinster (-)/förluster (+) 11 6 6 11
Adjustment for items affecting comparability Justering för jämförelsestörande poster 35 35
Group Koncernen 42 40 94 96

Working capital

(SEK M) 2020
Jan-Mar
2019
Jan-Mar
2019
Dec 31
(MSEK) 2020
jan-mar
2019
jan-mar
2019
31 dec
Inventories Varulager 646 657 642
Accounts receivable Kundfordringar 583 624 387
Other receivables Övriga rörelsefordringar 40 43 57
Deduction accounts payable Avdrag leverantörsskulder -568 -586 -398
Deduction other current liabilities Avdrag övriga kortfristiga skulder -181 -172 -139
Rounding Avrundning 2
Group Koncernen 520 568 549
Average working capital is an average for each period based on quarterly data.

Net debt excl. IFRS 16

(SEK M) 2020
Jan-Mar
2019
Jan-Mar
2019
Dec 31
(MSEK) 2020
jan-mar
2019
jan-mar
2019
31 dec
Non-current interest-bearing liabilities and leasing liabilities Långfristiga räntebärande skulder och leasingskulder 839 1,006 985
Current interest-bearing liabilities and leasing liabilities Kortfristiga räntebärande skulder och leasingskulder 95 95 98
Deduction leasing liabilities Avdrag leasingskulder -567 -546 -541
Deduction financial assets Avdrag finansiella anläggningstillgångar 0 0 0
Deduction cash and equivalents Avdrag likvida medel -45 -137 -168
Rounding Avrundning -1
Group Koncernen 322 418 373
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) 2020
Jan-Mar
2019
Jan-Mar
2019
Dec 31
(MSEK) 2020
jan-mar
2019
jan-mar
2019
31 dec
Equity excl. IFRS 16 Eget kapital exkl. IFRS 16 942 922 927
Non-current interest-bearing liabilities and leasing liabilities Långfristiga räntebärande skulder och leasingskulder 839 1,006 985
Current interest-bearing liabilities and leasing liabilities Kortfristiga räntebärande skulder och leasingskulder 95 95 98
Deduction leasing liabilities Avdrag leasingskulder -567 -546 -541
Rounding Avrundning -1
Group Koncernen 1,309 1,477 1,468
Average capital employed excl. IFRS 16 is an average for each period based on quarterly data.