Return on sales and capital
Key return indicators of the Jungheinrich Group
| in % | 2008 | 2007 |
|---|---|---|
| EBIT return on sales (ROS) | 5.7 | 7.0 |
| EBIT return on capital employed (ROCE) | 19.1 | 24.1 |
| Return on equity | 13.0 | 15.7 |
| Return on total capital employed | 5.7 | 6.1 |
| EBIT return on sales (ROS) = EBIT : Net sales x 100 | ||
| EBIT return on capital employed (ROCE) = EBIT : Employed interest-bearing capital 1 x 100 | ||
| Return on equity after income taxes = Net income : Average shareholders‘ equity x 100 | ||
| Return on total capital employed = Net income + interest expenses : Average total capital x 100 | ||
| 1) Shareholders‘ equity financial liabilities +/– other liabilities/receivables vis-à-vis affiliated and associated companies – notes receivable – liquid assets and securities. | ||
The Jungheinrich Group’s key return indicators deteriorated as a result of the decline in earnings and above all the strong increase in volume in the lower-margin new truck business. Jungheinrich’s return on sales (ROS) dropped to 5.7 per cent (prior year: 7.0 per cent). The corresponding return on interest-bearing capital employed (ROCE) was below the Group’s long-term ROCE target of 20 per cent, amounting to 19.1 per cent and was thus much lower than in the preceding year (24.1 per cent). The return on shareholders’ equity decreased to 13.0 per cent, following 15.7 per cent in 2007. The return on total capital employed, adjusted to exclude liabilities and net interest income from financial services, declined to 5.7 per cent (prior year: 6.1 per cent).