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    • Russia
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    • Serbia & Montenegro
    • Slovakia
    • Slovenia
    • South Africa
    • Spain
    • Sweden
    • Switzerland
    • Turkey
    • Ukraine
    • United Arab Emirates (FZE)
    • United Kingdom

    Asia Pacific

    • Australia
    • Cambodia
    • China
    • Hong Kong SAR, China
    • India
    • Indonesia
    • Japan
    • Korea
    • Macau SAR, China
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  • Welcome, {0} - My Account

    My Account

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    • Sales Orders
    • Project Lists
    • Address Book
    • Returns
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Home
  • Products

    Actuators

    • SelectPro™ Online (Actuators)
    • Non Fail-Safe Actuators
    • Fail-Safe Actuators
    • Outdoor Protected Actuators
    • Quick Running Actuators
    • Linear Actuators
    • Fire & Smoke Actuators
    • Airflow Measurement and Control
    • Accessories

    Valves

    • SelectPro™ Online (Valves)
    • Energy Valve
    • Pressure Independent Control Valves
    • Zone Valves
    • Characterized Control Valves
    • Ball Valves
    • Butterfly Valves
    • Globe Valves
    • Piping Packages
    • Potable Water Valves
    • Accessories

    Sensors / Meters

    • SelectPro™ Online (Sensors/Meters)
    • Duct Sensors (Air)
    • Pipe Sensors (Water)
    • Outdoor Sensors (Air)
    • Room Sensors (Air)
    • Gas Monitoring Devices (Air)
    • Meters (Water)
    • Accessories

    Systems

    • Energy Valve
    • Economizer
    • Room Solutions
    • Bus Integration
    • IoT Actuators
    • Accessories

    Retrofit

    • Belimo Retrofit Tool
    • Fire & Smoke Actuators
    • Damper Actuators
    • Control Valve/Actuators
    • Butterfly Valve/Actuators
    • Globe Valve/Actuators
    • Economizer
    • Sensors/Meters
  • Support

    Tools & Apps

    • Belimo SelectPro™
    • SelectPro™ Online (Actuators)
    • SelectPro™ Online (Valves)
    • SelectPro™ Online (Sensors/Meters)
    • Belimo RetroFIT Tool
    • Belimo Apps
    • Belimo Savings Estimators
    • Belimo Hydronic Simulator™
    • Belimo Software Plug-ins
    • Belimo Cloud Login/Register
    • Belimo PIV Energy Modeling Tool

    Training

    • Schedule Onsite Training
    • Belimo University Online
    • Website Tutorials
    • Webinars

    Download Center

    • Product Guide and Price List (PGPL)
    • Terms and Conditions of Sale and Warranty
  • About Us

    Belimo

    • Profile
    • Mission and Values
    • Sustainability
    • History
    • Awards & Recognitions
    • Suppliers
    • Affiliated Organizations
    • Internet of Things
    • Inclusion & Diversity
    • Belimo Holiday Schedule
    • Quality

    Jobs & Careers

    • Jobs
    • Culture@BELIMO
    • Benefits
    • Recruitment process
    • Careers

    Investor Relations

    • Key Figure Comparison
    • Reports and Presentations
    • Ad hoc and Corporate News
    • Belimo Share
    • Corporate Governance
    • Annual General Meeting
    • Financial Calendar
    • Contact

    Media

    • News
    • Highlights
    • Success Stories
    • Videos
    • Pictures and Logos
    • Event Schedule | Belimo
    • Contacts
  • Contact Us

    Distributor Lookup

    Belimo Contacts

    Call Belimo Now

    • +55 11 3643 5656
      Available 9am to 6pm EST
  • Discontinued Products
  • Items in your download folder

    Download folder is empty
    item(s) in download folder

    !

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  • Items in your cart / project list

    Cart / Project List is empty.
    item(s) in cart / project list

    Solution

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    Export as .xlsx Export as .csv Import from .csv Import from .bel

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Non-GAAP Measures

  • Non-GAAP Measures Annual Report 2021 and Before
Non-GAAP Measures Annual Report 2021 and Before

Free cash flow
Cash flow from operating activities + Cash flow used in investing activities

Net liquidity
Cash and cash equivalents + current financial assets - current financial liabilities - non-current financial liabilities

Net working capital
Trade receivables + Inventories - Trade payables

Days sales outstanding (DSO)
Quarterly average of gross trade receivables for the past 4 quarters / Net sales for the past 4 quarters * 360

Days inventory outstanding, Inventory period (DIO)
Quarterly average of gross inventories for the past 4 quarters / Material expenses including changes in inventories for the past 4 quarters * 360

Material expenses incl. changes in inventories
Material expenses including changes in stock of finished goods and work in progress

Operating income before interest, taxes, depreciation and amortization (EBITDA)
Net sales + Other operating income - Material expenses including changes in inventories - Operating expenses

Operating income before interest and taxes (EBIT)
Net sales + Other operating income - Material expenses including changes in inventories - Operating expenses - Depreciation - Amortization

Compound annual growth rate (CAGR) net sales, 5 years
(Net sales actual year / Net sales 5 years ago) ^ (1/5) - 1

Quick ratio
(Cash and cash equivalents + Current receivables) / Current liabilities

Payout ratio
(Dividend + Nominal share capital repayment) / Net income attributable to Belimo shareholders

Equity-to-fixed-assets ratio
(Non-current liabilities + Shareholders' equity) / Non-current assets

Equity ratio
Shareholders' equity / total assets

Return on equity (ROE)
Net income / average shareholders' equity of December 31 and December 31 of previous year

Return on invested capital (ROIC)
Operating income (EBIT) / (Total assets - Cash and cash equivalents + Trade payables)

Return on dividend
Dividend / Stock market price as at December 31

Price-earnings ratio (P/E ratio)
Stock market price as at December 31 / Earnings per share (EPS)

Total shareholder return
(Stock market price as at end of period - Stock market price as at begin of period + paid Dividend) / Stock market price as at begin of period)

Total shareholder return, 5 years
(Stock market price as at end of period - Stock market price as at begin of 5-year-period + paid Dividends of last 5 years) / Stock market price as at begin of 5-year-period)

Research and development in percent of net sales
Expenses of the division Innovation excluding effects of capitalized development costs (capitalization and amortization) and excluding costs of litigation divided by net sales

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