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 Apr-Jun | 2019 Apr-Jun | 2020 Jan-Jun | 2019 Jan-Jun | 2019 Full-year | Rolling 12 months | |
| (MSEK) | 2020 apr-jun | 2019 apr-jun | 2020 jan-jun | 2019 jan-jun | 2019 helår | Rullande 12 mån | |
| Operating result | Rörelseresultat | 21 | 32 | 17 | 66 | 88 | 39 |
| Reversal of inventory gains (-)/losses (+) | Återläggning lagervinster (-)/förluster (+) | 2 | 0 | 13 | 6 | 6 | 13 |
| Adjustment for items affecting comparability | Justering för jämförelsestörande poster | 5 | – | 40 | – | – | 40 |
| Group | Koncernen | 28 | 32 | 70 | 72 | 94 | 92 |
Working capital
| (SEK M) | 2020 Jun 30 | 2019 Jun 30 | 2019 Dec 31 | |
| (MSEK) | 2020 30 jun | 2019 30 jun | 2019 31 dec | |
| Inventories | Varulager | 556 | 665 | 642 |
| Accounts receivable | Kundfordringar | 432 | 603 | 387 |
| Other receivables | Övriga rörelsefordringar | 33 | 44 | 57 |
| Deduction accounts payable | Avdrag leverantörsskulder | -385 | -586 | -398 |
| Deduction other current liabilities | Avdrag övriga kortfristiga skulder | -180 | -172 | -139 |
| Rounding | Avrundning | -1 | -1 | – |
| Group | Koncernen | 455 | 553 | 549 |
Average working capital is an average for each period based on quarterly data.
Net debt excl. IFRS 16
| (SEK M) | 2020 Jun 30 | 2019 Jun 30 | 2019 Dec 31 | |
| (MSEK) | 2020 30 jun | 2019 30 jun | 2019 31 dec | |
| Non-current interest-bearing liabilities and leasing liabilities | Långfristiga räntebärande skulder och leasingskulder | 733 | 992 | 985 |
| Current interest-bearing liabilities and leasing liabilities | Kortfristiga räntebärande skulder och leasingskulder | 93 | 95 | 98 |
| Deduction leasing liabilities | Avdrag leasingskulder | -546 | -527 | -541 |
| Deduction financial assets | Avdrag finansiella anläggningstillgångar | 0 | 0 | 0 |
| Deduction cash and equivalents | Avdrag likvida medel | -26 | -158 | -168 |
| Rounding | Avrundning | – | – | -1 |
| Group | Koncernen | 254 | 402 | 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 Jun 30 | 2019 Jun 30 | 2019 Dec 31 | |
| (MSEK) | 2020 30 jun | 2019 30 jun | 2019 31 dec | |
| Equity excl. IFRS 16 | Eget kapital exkl. IFRS 16 | 926 | 924 | 927 |
| Non-current interest-bearing liabilities and leasing liabilities | Långfristiga räntebärande skulder och leasingskulder | 733 | 992 | 985 |
| Current interest-bearing liabilities and leasing liabilities | Kortfristiga räntebärande skulder och leasingskulder | 93 | 95 | 98 |
| Deduction leasing liabilities | Avdrag leasingskulder | -546 | -527 | -541 |
| Rounding | Avrundning | – | -1 | -1 |
| Group | Koncernen | 1,206 | 1,483 | 1,468 |
Average capital employed excl. IFRS 16 is an average for each period based on quarterly data.