Scania annual report 2001

Key financial ratios 1 and definitions
2001 2000 1999 1998
Earnings per share, SEK 5.24 15.40 15.73 11.25
Earnings per share according to U.S. GAAP, SEK 5.69 14.93 16.37 11.21
Return on shareholders’ equity, % 6.5 21.6 25.1 20.7
Profit margin, % 4.7 10.5 12.0 8.7
Capital turnover rate, times 1.80 1.88 1.77 1.99
Return on capital employed, % 8.4 19.7 21.2 17.3
Debt/equity ratio 0.49 0.50 0.61 0.55
Interest coverage, times 2.2 5.0 5.9 6.1
Equity/assets ratio, % 23.4 25.8 25.3 25.8
1 Unless otherwise indicated, calculations are based on an average for five measurement points (quarters).
Earnings per share
Net income by the number of shares.
Return on shareholders’ equity
Net income as a percentage of shareholders’ equity.
Profit margin
Operating income excluding Customer finance operations
plus financial income as a percentage of sales.
Capital turnover
Sales divided by capital employed (total assets less
non-interest-bearing liabilities), with Customer finance
operations reported according to the equity accounting
method.
Return on capital employed
Operating income excluding Customer finance operations
plus financial income as a percentage of capital
employed, with customer finance operations reported
according to the equity accounting method.
Net debt/equity ratio
Short- and long-term borrowings (excluding pension liabilities
and net indebtness in Customer finance operations)
less liquid assets, divided by shareholders’ equity.
Interest coverage
Operating income plus financial income divided by
financial expenses.
Equity/asset ratio
Shareholders’ equity as a percentage of total assets,
including Customer finance operations, on each
respective balance sheet date.
71