$ Utilisation Rate and Time Utilisation Rate

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

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

What is $ Utilisation

Tracking Time

Utilisation

Capture the system recommended hire rate at the time the contract is created alongside the actual rate for accurate utilisation calculations.
Utilise any other rate sheet on the system for $ utilisation standardisation
Collect utilisation 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 Utilisation KPI visibility across your entire fleet

Tracking

Financial Utilisation

Whilst the optimum time utilisation your business commands is a business decision, we collect all the time utilisation data you need to build up a picture of your equipment utilisation rate or time utilisation.
Automatically capture utilisation information for both owned and re-hire equipment allowing you to understand the time spent in each asset status.
Track lost $ utilisation due to early delivery and late pickup as well as to free time given to offset your time utilisation figures.