Royal Dutch Shell plc Investors' Handbook 2007-2011

FINANCIAL RATIOS
	2011	2010	2009	2008	2007
Return on average capital employed
Income for the period adjusted for interest expense, less tax for the period, as % of the average capital employed	15.9	11.5	8.0	18.3	23.7
Return on sales
Income attributable to Royal Dutch Shell plc shareholders plus non-controlling interest as % of sales proceeds (including sales taxes, etc.)	5.6	4.6	3.5	4.8	7.3
Return on equity
Income attributable to Royal Dutch Shell plc shareholders as % of average net assets (i.e. equity attributable to Royal Dutch Shell plc shareholders and non-controlling interest)	19.3	14.0	9.4	20.6	26.0
Current ratio
Current assets : current liabilities	1.2	1.1	1.1	1.1	1.2
Long-term debt ratio
Non-current debt as % of capital employed less current debt	15.1	18.7	18.3	9.7	8.9
Total debt ratio
Non-current debt plus current debt as % of capital employed	17.9	22.8	20.2	15.3	12.6
Gearing ratio at December 31
Net debt as % of total capital	13.1	17.1	15.5	5.9	6.3

Metanavigation