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) | 2023 Oct-Dec | 2022 Oct-Dec | 2023 Full-year | 2022 Full-year | |
| (MSEK) | 2023 okt-dec | 2022 okt-dec | 2023 helår | 2022 helår | |
| Operating result | Rörelseresultat | -37 | -119 | -52 | 418 |
| Reversal of inventory gains (-)/losses (+) | Återläggning lagervinster (-)/förluster (+) | 20 | 69 | 76 | 70 |
| Adjustment for items affecting comparability | Justering för jämförelsestörande poster | – | – | 6 | – |
| Group | Koncernen | -17 | -50 | 30 | 488 |
Working capital
| (SEK M) | 2023 Dec 31 | 2022 Dec 31 | |
| (MSEK) | 2023 31 dec | 2022 31 dec | |
| Inventories | Varulager | 792 | 1,127 |
| Accounts receivable | Kundfordringar | 532 | 675 |
| Other receivables | Övriga rörelsefordringar | 88 | 78 |
| Deduction accounts payable | Avdrag leverantörsskulder | -528 | -480 |
| Deduction other current liabilities | Avdrag övriga kortfristiga skulder | -201 | -269 |
| Rounding | Avrundning | – | -1 |
| Group | Koncernen | 683 | 1,130 |
Average working capital is an average for each period based on quarterly data.
Net debt excl. IFRS 16
| (SEK M) | 2023 Dec 31 | 2022 Dec 31 | |
| (MSEK) | 2023 31 dec | 2022 31 dec | |
| Non-current interest-bearing liabilities and leasing liabilities | Långfristiga räntebärande skulder och leasingskulder | 710 | 811 |
| Current interest-bearing liabilities and leasing liabilities | Kortfristiga räntebärande skulder och leasingskulder | 103 | 95 |
| Deduction leasing liabilities | Avdrag leasingskulder | -479 | -499 |
| Deduction financial assets | Avdrag finansiella anläggningstillgångar | 0 | 0 |
| Deduction cash and equivalents | Avdrag likvida medel | -74 | -50 |
| Rounding | Avrundning | -1 | – |
| Group | Koncernen | 259 | 357 |
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) | 2023 Dec 31 | 2022 Dec 31 | |
| (MSEK) | 2023 31 dec | 2022 31 dec | |
| Equity excl. IFRS 16 | Eget kapital exkl. IFRS 16 | 1,431 | 1,645 |
| Non-current interest-bearing liabilities and leasing liabilities | Långfristiga räntebärande skulder och leasingskulder | 710 | 811 |
| Current interest-bearing liabilities and leasing liabilities | Kortfristiga räntebärande skulder och leasingskulder | 103 | 95 |
| Deduction leasing liabilities | Avdrag leasingskulder | -479 | -499 |
| Rounding | Avrundning | – | – |
| Group | Koncernen | 1,765 | 2,052 |
Average capital employed excl. IFRS 16 is an average for each period based on quarterly data.