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) | 2019 Jul-Sep | 2018 Jul-Sep | 2019 Jan-Sep | 2018 Jan-Sep | 2018 Full-year | Rolling 12 months | |
| (MSEK) | 2019 jul-sep | 2018 jul-sep | 2019 jan-sep | 2018 jan-sep | 2018 helår | Rullande 12 mån | |
| Operating result | Rörelseresultat | 14 | 33 | 80 | 110 | 132 | 102 |
| Reversal of inventory gains (-)/losses (+) | Återläggning lagervinster (-)/förluster (+) | -1 | -7 | 5 | -26 | -27 | 4 |
| Adjustment for items affecting comparability | Justering för jämförelsestörande poster | – | – | – | 16 | 12 | -4 |
| Group | Koncernen | 13 | 26 | 85 | 100 | 117 | 102 |
Working capital
| (SEK M) | 2019 Sep 30 | 2018 Sep 30 | 2018 Dec 31 | |
| (MSEK) | 2019 30 sep | 2018 30 sep | 2018 31 dec | |
| Inventories | Varulager | 676 | 719 | 651 |
| Accounts receivable | Kundfordringar | 561 | 664 | 470 |
| Other receivables | Övriga rörelsefordringar | 42 | 46 | 63 |
| Deduction accounts payable | Avdrag leverantörsskulder | -514 | -641 | -468 |
| Deduction other current liabilities | Avdrag övriga kortfristiga skulder | -158 | -171 | -145 |
| Rounding | Avrundning | 1 | – | 1 |
| Group | Koncernen | 608 | 617 | 572 |
Average working capital is an average for each period based on quarterly data.
Net debt excl. IFRS 16
| (SEK M) | 2019 Sep 30 | 2018 Sep 30 | 2018 Dec 31 | |
| (MSEK) | 2019 30 sep | 2018 30 sep | 2018 31 dec | |
| Non-current interest-bearing liabilities and leasing liabilities | Långfristiga räntebärande skulder och leasingskulder | 1,015 | 544 | 543 |
| Current interest-bearing liabilities and leasing liabilities | Kortfristiga räntebärande skulder och leasingskulder | 93 | 25 | 5 |
| Deduction leasing liabilities | Avdrag leasingskulder | -559 | – | – |
| Deduction financial assets | Avdrag finansiella anläggningstillgångar | 0 | 0 | 0 |
| Deduction cash and equivalents | Avdrag likvida medel | -118 | -57 | -108 |
| Rounding | Avrundning | – | 1 | – |
| Group | Koncernen | 431 | 513 | 440 |
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) | 2019 Sep 30 | 2018 Sep 30 | 2018 Dec 31 | |
| (MSEK) | 2019 30 sep | 2018 30 sep | 2018 31 dec | |
| Equity excl. IFRS 16 | Eget kapital exkl. IFRS 16 | 936 | 882 | 892 |
| Non-current interest-bearing liabilities and leasing liabilities | Långfristiga räntebärande skulder och leasingskulder | 1,015 | 544 | 543 |
| Current interest-bearing liabilities and leasing liabilities | Kortfristiga räntebärande skulder och leasingskulder | 93 | 25 | 5 |
| Deduction leasing liabilities | Avdrag leasingskulder | -559 | – | – |
| Rounding | Avrundning | -1 | 1 | – |
| Group | Koncernen | 1,484 | 1,452 | 1,440 |
Average capital employed excl. IFRS 16 is an average for each period based on quarterly data.