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Asset Utilization, Dollar Utilization, Equipment Utilization Rate, Financial Utilization, Utilization Ratio, Utilisation

Put simply $ utilization or Financial utilization is the annual revenue divided by original acquisition costs, but different types of rental businesses may look at alternative utilization ratios or utilization rates taking into account 3 month revenues, 6 month revenues and cost of refurbishment or add ons to equipment.   



What is $ Utilization

Tracking Time 

Utilization 

  • Capture the system recommended rental rate at the time the contract is created alongside the actual rate for accurate utilization calculations. 

  • Utilize any other rate sheet on the system for $ utilization standardization

  • Collect utilization data at indvidual asset level allowing you to roll up to any combination of category and group code across any time horizon or geographical grouping

  • Use the RentalResult analytics package to provide quick Utilization KPI visibility across your entire fleet

Tracking $ or Financial Utilization 

  • Whilst the optimum time utilization your business commands is a business decision, we collect all the time utilization data you need to build up a picture of your equipment utilization rate or time utilization. 

  • Automatically capture utilization information for both owned and re-rented equipment allowing you to understand the time spent in each asset status. 

  • Track lost $ utilization due to early delivery and late pickup as well as to free time given to offset your time utilization figures. 

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