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 Jul-Sep | 2019 Jul-Sep | 2020 Jan-Sep | 2019 Jan-Sep | 2019 Full-year | Rolling 12 months | |
| (MSEK) | 2020 jul-sep | 2019 jul-sep | 2020 jan-sep | 2019 jan-sep | 2019 helår | Rullande 12 mån | |
| Operating result | Rörelseresultat | 4 | 14 | 21 | 80 | 88 | 29 |
| Reversal of inventory gains (-)/losses (+) | Återläggning lagervinster (-)/förluster (+) | 10 | -1 | 23 | 5 | 6 | 24 |
| Adjustment for items affecting comparability | Justering för jämförelsestörande poster | – | – | 40 | – | – | 40 |
| Group | Koncernen | 14 | 13 | 84 | 85 | 94 | 93 |
Working capital
| (SEK M) | 2020 Sep 30 | 2019 Sep 30 | 2019 Dec 31 | |
| (MSEK) | 2020 30 sep | 2019 30 sep | 2019 31 dec | |
| Inventories | Varulager | 553 | 676 | 642 |
| Accounts receivable | Kundfordringar | 450 | 561 | 387 |
| Other receivables | Övriga rörelsefordringar | 42 | 42 | 57 |
| Deduction accounts payable | Avdrag leverantörsskulder | -402 | -514 | -398 |
| Deduction other current liabilities | Avdrag övriga kortfristiga skulder | -169 | -158 | -139 |
| Rounding | Avrundning | – | 1 | – |
| Group | Koncernen | 474 | 608 | 549 |
Average working capital is an average for each period based on quarterly data.
Net debt excl. IFRS 16
| (SEK M) | 2020 Sep 30 | 2019 Sep 30 | 2019 Dec 31 | |
| (MSEK) | 2020 30 sep | 2019 30 sep | 2019 31 dec | |
| Non-current interest-bearing liabilities and leasing liabilities | Långfristiga räntebärande skulder och leasingskulder | 842 | 1,015 | 985 |
| Current interest-bearing liabilities and leasing liabilities | Kortfristiga räntebärande skulder och leasingskulder | 91 | 93 | 98 |
| Deduction leasing liabilities | Avdrag leasingskulder | -550 | -559 | -541 |
| Deduction financial assets | Avdrag finansiella anläggningstillgångar | 0 | 0 | 0 |
| Deduction cash and equivalents | Avdrag likvida medel | -102 | -118 | -168 |
| Rounding | Avrundning | – | – | -1 |
| Group | Koncernen | 281 | 431 | 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 Sep 30 | 2019 Sep 30 | 2019 Dec 31 | |
| (MSEK) | 2020 30 sep | 2019 30 sep | 2019 31 dec | |
| Equity excl. IFRS 16 | Eget kapital exkl. IFRS 16 | 926 | 936 | 927 |
| Non-current interest-bearing liabilities and leasing liabilities | Långfristiga räntebärande skulder och leasingskulder | 842 | 1,015 | 985 |
| Current interest-bearing liabilities and leasing liabilities | Kortfristiga räntebärande skulder och leasingskulder | 91 | 93 | 98 |
| Deduction leasing liabilities | Avdrag leasingskulder | -550 | -559 | -541 |
| Rounding | Avrundning | – | -1 | -1 |
| Group | Koncernen | 1,309 | 1,484 | 1,468 |
Average capital employed excl. IFRS 16 is an average for each period based on quarterly data.