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Financial key performance indicators

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FINANCIAL KEY PERFORMANCE INDICATORS

%

  

2018

  

20171

  

2016

  

2015

  

2014

1

Adjusted; see disclosures about the application of new International Financial Reporting Standards.

2

Including allocation of consolidation adjustments between the Automotive and Financial Services divisions.

3

Including the Chinese joint ventures. These companies are accounted for using the equity method.

4

Operating result plus net depreciation/amortization and impairment losses/reversals of impairment losses on property, plant and equipment, capitalized development costs, lease assets, goodwill and financial assets as reported in the cash flow statement.

5

For details, see Value-based management.

6

Ratio of property, plant and equipment to total ass.

7

Ratio of inventories to total assets at the balance sheet date.

8

Ratio of sales revenue to average monthly inventories.

9

Earnings before tax as a percentage of average equity.

 

  

 

  

 

  

 

  

 

  

 

Volkswagen Group

  

 

  

 

  

 

  

 

  

 

Gross margin

  

19.7

  

19.0

  

18.9

  

15.9

  

18.0

Personnel expense ratio

  

17.5

  

17.0

  

17.0

  

17.0

  

16.7

Operating return on sales

  

5.9

  

6.0

  

3.3

  

−1.9

  

6.3

Return on sales before tax

  

6.6

  

6.0

  

3.4

  

−0.6

  

7.3

Return on sales after tax

  

5.2

  

5.0

  

2.5

  

−0.6

  

5.5

Equity ratio

  

25.6

  

25.8

  

22.7

  

23.1

  

25.7

 

  

 

  

 

  

 

  

 

  

 

Automotive Division2

  

 

  

 

  

 

  

 

  

 

Change in unit sales year-on-year3

  

+1.1

  

+3.7

  

+3.8

  

−2.0

  

+5.0

Change in sales revenue year-on-year

  

+2.7

  

+5.3

  

+1.1

  

+3.6

  

+1.4

Research and development costs as a percentage of sales revenue

  

6.8

  

6.7

  

7.3

  

7.4

  

7.4

Operating return on sales

  

5.5

  

5.7

  

2.5

  

−3.4

  

6.1

EBITDA (in € million)4

  

26,707

  

26,094

  

18,999

  

7,212

  

23,100

Return on investment (ROI)5

  

11.0

  

12.1

  

8.2

  

−0.2

  

14.9

Cash flows from operating activities as a percentage of sales revenue

  

9.2

  

6.0

  

10.9

  

12.9

  

12.2

Cash flows from investing activities attributable to operating activities as a percentage of sales revenue

  

9.4

  

9.0

  

8.6

  

8.1

  

8.7

Capex as a percentage of sales revenue

  

6.6

  

6.5

  

6.9

  

6.9

  

6.5

Net liquidity as a percentage of sales revenue

  

8.2

  

9.7

  

12.5

  

11.5

  

8.7

Ratio of noncurrent assets to total assets6

  

23.3

  

23.7

  

23.4

  

23.1

  

22.3

Ratio of current assets to total assets7

  

17.6

  

16.3

  

15.9

  

15.2

  

14.3

Inventory turnover8

  

5.0

  

5.1

  

5.5

  

5.8

  

6.2

Equity ratio

  

37.9

  

36.9

  

31.4

  

32.6

  

36.9

 

  

 

  

 

  

 

  

 

  

 

Financial Services Division

  

 

  

 

  

 

  

 

  

 

Increase in total assets

  

11.2

  

6.0

  

8.3

  

13.9

  

15.1

Return on equity before tax9

  

9.9

  

9.8

  

10.8

  

12.2

  

12.5

Equity ratio

  

12.7

  

13.7

  

12.5

  

11.9

  

11.3