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) | 2021 Jan-Mar | 2020 Jan-Mar | 2020 Full-year | Rolling 12 months | |
| (MSEK) | 2021 jan-mar | 2020 jan-mar | 2020 helår | Rullande 12 mån | |
| Operating result | Rörelseresultat | 86 | -4 | 39 | 129 |
| Reversal of inventory gains (-)/losses (+) | Återläggning lagervinster (-)/förluster (+) | -18 | 11 | 17 | -12 |
| Adjustment for items affecting comparability | Justering för jämförelsestörande poster | – | 35 | 40 | 5 |
| Group | Koncernen | 68 | 42 | 96 | 122 |
Working capital
| (SEK M) | 2021 Mar 31 | 2020 Mar 31 | 2020 Dec 31 | |
| (MSEK) | 2021 31 mar | 2020 31 mar | 2020 31 dec | |
| Inventories | Varulager | 534 | 646 | 501 |
| Accounts receivable | Kundfordringar | 615 | 583 | 376 |
| Other receivables | Övriga rörelsefordringar | 37 | 40 | 42 |
| Deduction accounts payable | Avdrag leverantörsskulder | -598 | -568 | -414 |
| Deduction other current liabilities | Avdrag övriga kortfristiga skulder | -212 | -181 | -162 |
| Rounding | Avrundning | – | – | – |
| Group | Koncernen | 376 | 520 | 343 |
Average working capital is an average for each period based on quarterly data.
Net debt excl. IFRS 16
| (SEK M) | 2021 Mar 31 | 2020 Mar 31 | 2020 Dec 31 | |
| (MSEK) | 2021 31 mar | 2020 31 mar | 2020 31 dec | |
| Non-current interest-bearing liabilities and leasing liabilities | Långfristiga räntebärande skulder och leasingskulder | 844 | 839 | 778 |
| Current interest-bearing liabilities and leasing liabilities | Kortfristiga räntebärande skulder och leasingskulder | 91 | 95 | 85 |
| Deduction leasing liabilities | Avdrag leasingskulder | -519 | -567 | -541 |
| Deduction financial assets | Avdrag finansiella anläggningstillgångar | 0 | 0 | 0 |
| Deduction cash and equivalents | Avdrag likvida medel | -292 | -45 | -166 |
| Rounding | Avrundning | – | – | – |
| Group | Koncernen | 124 | 322 | 156 |
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) | 2021 Mar 31 | 2020 Mar 31 | 2020 Dec 31 | |
| (MSEK) | 2021 31 mar | 2020 31 mar | 2020 31 dec | |
| Equity excl. IFRS 16 | Eget kapital exkl. IFRS 16 | 986 | 942 | 912 |
| Non-current interest-bearing liabilities and leasing liabilities | Långfristiga räntebärande skulder och leasingskulder | 844 | 839 | 778 |
| Current interest-bearing liabilities and leasing liabilities | Kortfristiga räntebärande skulder och leasingskulder | 91 | 95 | 85 |
| Deduction leasing liabilities | Avdrag leasingskulder | -519 | -567 | -541 |
| Rounding | Avrundning | 1 | – | – |
| Group | Koncernen | 1,403 | 1,309 | 1,234 |
Average capital employed excl. IFRS 16 is an average for each period based on quarterly data.