Definitions

Key performance measures are either measures used in Swedish listed companies or measures used by management and analysts.

Average interest expenses
Interest expenses divided by average interestbearing
liabilities.
Net margin
Profit/loss before tax as a percentage of revenue.
Cash flow from operating activities before changes in working capital
The reason for the key performance measure is that the change in inventories, trade receivables and trade payables is marginal, and these items are therefore eliminated to obtain a more accurate picture of operations.
Operating margin
Operating profit/loss after depreciation/amortisation as a percentage of revenue.
Cash flow per share
Cash flow before change in working capital divided by the average number of shares.
Operating profit/loss
Revenue less cost of goods for resale, personnel costs, other operating expenses, depreciation, plus profit/loss from joint ventures/associates and negative goodwill.
Current ratio
Current assets including unutilised credit facilities granted as a percentage of current liabilities.
P/E ratio
Share price at the reporting date divided by earnings per share after tax.
Debt/equity ratio
Interest-bearing liabilities as a percentage of equity. 
Price/equity ratio
Share price at the reporting date divided by equity per share.
Diluted earnings per share
Profit/loss for the year attributable to shareholders of the Parent, adjusted for interest expenses after tax on convertible debt, divided by the number of shares after full conversion of convertibles subscribed for.
Quick ratio
Current assets including unutilised credit facilities granted less inventories divided by current liabilities.
Earnings per share
Profit/loss for the year attributable to shareholders of the Parent divided by average number of shares.
Return on capital employed
Profit/loss after net financial items plus finance costs as a percentage of average capital employed. Capital employed is defined as assets less noninterest-bearing liabilities.
Equity/assets ratio
Equity as a percentage of total assets.
Return on equity
Profit/loss after tax as a percentage of average equity.
Equity per share
Equity divided by the average number of shares for the reporting date.
Return on total assets
Profit/loss after net financial items plus finance costs as a percentage of average total assets.
Gross margin
Operating profit/loss before depreciation/amortisation as a percentage of revenue. 
Share dividend yield
Dividend divided by the share price.
Interest-bearing liabilities 
Current and non-current liabilities to credit institutions, provisions for pensions and items in other current liabilities that are interest-bearing.
Share price/cash flow
Share price at the reporting date divided by cash flow from operating activities.
Interest coverage ratio
Profit/loss after net financial items plus finance costs as a percentage of finance costs.
 

Other definitioner

ALF
Alpinanleggenes Landsforening (Norwegian Ski Lift Association).
Overnight stay
One booked night in a cabin, apartment or hotel room.
Booking volume
A comparison of booked overnight stays between two defined periods.
Skier day
One day’s skiing with a SkiPass.
Financial year
SkiStar’s financial year covers the period 1 September-31 August.
First quarter (Q1):
September-November
Second quarter (Q2): December-February
Third quarter (Q3):
March-May
Fourth quarter (Q4):
June-August.
SkiPass
Card providing access to ski lifts.
Occupancy rate
Accommodation bookings as a percentage of the beds mediated by SkiStar at 100 percent capacity in the period beginning the third week in December and ending the third week in April.
SLAO
Svenska Skidanläggningars Organisation (Swedish Ski Lift Organisation).

 

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