Annual Report 2001 - Bohler Uddeholm materializing visions
Annual Report 2001 - Bohler Uddeholm materializing visions
Annual Report 2001 - Bohler Uddeholm materializing visions
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RETURN ON SALES (ROS) Earnings before tax<br />
Sales<br />
Definitions of Key Figures<br />
RETURN ON EQUITY (ROE) Earnings before tax<br />
(Equity current year + Equity prior year) x 0.5<br />
RETURN ON CAPITAL Earnings before interest and tax x (1 – Group tax rate)<br />
EMPLOYED (ROCE) (Capital Employed current year + Capital Employed prior year) x 0.5<br />
CAPITAL EMPLOYED = Equity<br />
+ Minority interest<br />
+ Long-term pro<strong>visions</strong><br />
– Future tax benefits<br />
+ Net debt<br />
EBITDA MARGIN (Earnings before interest, tax, depreciation and amortization)<br />
Sales<br />
EBIT MARGIN Earnings before interest and tax<br />
Sales<br />
EQUITY RATIO Equity<br />
Balance sheet total<br />
GEARING Net debt<br />
Equity<br />
NET DEBT = Interest-bearing liabilities<br />
– Cash and cash equivalents<br />
BÖHLER-UDDEHOLM <strong>Annual</strong> <strong>Report</strong> <strong>2001</strong> 81
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