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Multi-Sheet Workbook Calculations

Why does "Calculation in Progress…" show that all previous sheets are being recalculated during the calculation of the current sheet?
As background,
-the workbook contains unique sheets that are not being created by the "Sheets" command.
-No formulas on any sheet refer to other sheets unless the reference is contained in an "Eval" formula. Even then, the references are only to the "Options" sheet.
-I am using Excel 2003 and an older version of Jet.

The issue, of course, is speed. Each individual sheet is calculated quickly, but the overall calculation time increases exponentially with each additional worksheet.

Is this an inherent Excel issue that must be tolerated?
Thanks,
Lloyd

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