UTILIZATION

Utilization

In equipment and tool rental companies, utilization is the primary method by which asset performance is measured and business success determined. In basic terms it is a measure of the actual revenue earned by assets against the potential revenue they could have earned. Rental utilization is divided into a number of different calculations, and not all companies work precisely the same way. In general terms however there are 2 key calculations: the physical utilization on the asset, which is measured based on the number of available days for rental against the number of days actually rented., and the financial utilization on the ...

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utilization

Noun



The above text is a snippet from Wiktionary: utilization
and as such is available under the Creative Commons Attribution/Share-Alike License.

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