Scania annual report 2002

Key financial ratios and definitions
Unless otherwise indicated, calculations are based on an average for five measurement points (quarters).
2002 2001 2000
Earnings per share, SEK 13.70 5.24 15.40
Return on shareholders’ equity, % 17.2 6.5 21.6
Profit margin, % 9.2 4.7 10.5
Capital turnover rate, times 1.71 1.80 1.88
Return on capital employed, % 15.8 8.4 19.7
Debt/equity ratio 0.25 0.49 0.50
Interest coverage ratio, times 4.9 2.2 5.0
Equity/assets ratio, % 25.6 23.4 25.8
Earnings per share
Net income divided 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 noninterest-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 debt in Customer Finance operations) less
liquid assets, divided by shareholders’ equity.
Interest coverage
Operating income plus financial income divided by financial
expenses.
Equity/assets ratio
Shareholders’ equity as a percentage of total assets, including
Customer Finance operations, on each respective balance
sheet date.
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