Capital turnover rate
Net sales divided by average operating capital.
Cash and cash equivalents
Cash and bank balances plus short-term investments
with a maturity of less than three months.
Dividend per share as a percentage of the share price.
Dividend pay-out ratio
Dividend per share as a percentage of earnings per
Earnings per share
Profit/loss for the year divided by the average number of
shares on the balance sheet date.
Equity including non-controlling interests as a
percentage of balance sheet total.
Equity per share
Equity divided by average number of shares at the
balance sheet date.
Operating income minus cost of goods.
Interest coverage ratio
Operating profit/loss plus financial income divided by
The total of interest-bearing liabilities minus
Net debt/equity ratio
Net borrowings divided by equity including
Total assets minus cash and cash equivalents,
interest-bearing receivables and non-interest-bearing
operating liabilities, but excluding deferred tax.
Organic volume growth
Total volume growth, excluding effects of acquisitions/
Share price divided by earnings per share.
Proportion of risk-bearing capital
Equity, non-controlling share of equity and deferred tax
liability divided by balance sheet total.
Return on operating capital
Operating profit divided by average operating capital.
Return on shareholders’ equity
Profit/loss for the year as a percentage of average
Share price divided by equity per share.
Non-interest-bearing current assets minus non-
interest-bearing liabilities excluding deferred tax.