Total assets less non-interest-bearing provisions and liabilities.
Capital turnover
Net sales divided by average Capital employed.
Cash conversion
Cash flow from operating activities divided by net income reconciled to cash – expressed in percent.
Cash dividends per share
Dividends paid divided by average number of shares, basic.
Compound annual growth rate (CAGR)
The year-over-year growth rate over a specified period of time.
Days sales outstanding (DSO)
Trade receivables balance at quarter end divided by Net Sales in the quarter and multiplied by 90 days. If the amount of trade receivables is larger than last quarter's sales, the excess amount is divided by Net Sales in the previous quarter and multiplied by 90 days, and total days outstanding (DSO) are the 90 days of the most current quarter plus the additional days from the previous quarter.
Earnings per share
Basic earnings per share; profit or loss attributable to stockholders of the Parent Company divided by the weighted average number of ordinary shares outstanding during the period. Diluted earnings per share; the weighted average number of shares outstanding are adjusted for the effects of all dilutive potential ordinary shares.
EBITDA margin
Earnings Before Interest, Taxes, Depreciation and Amortization, divided by Net sales.
Equity ratio
Equity, expressed as a percentage of total assets.
Inventory turnover
Cost of Sales divided by average Inventory.
Net cash
Cash and cash equivalents plus short-term cash investments less interest-bearing liabilities and post-employment benefits.
Payable days
The average balance of Trade payables at the beginning and at the end of the year divided by Cost of sales for the year, and multiplied by 365 days.
Payment readiness
Cash and cash equivalents and short-term investments less short-term borrowings plus long-term unused credit commitments. Payment readiness is also shown as a percentage of Net Sales.
Return on capital employed
The total of Operating income plus Financial income as a percentage of average capital employed (based on the amounts at January 1 and December 31).
Return on equity
Net income attributable to stockholders of the Parent Company as a percentage of average Stockholders' equity (based on the amounts at January 1 and December 31).
Stockholders' equity per share
Stockholders' equity divided by the number of shares outstanding at end of period, basic.
Trade receivables turnover
Net sales divided by average Trade receivables.
Value at Risk (VaR)
A statistical method that expresses the maximum potential loss that can arise with a certain degree of probability during a certain period of time.
Working capital
Current assets less current non-interest-bearing provisions and liabilities.
