norventusForgeToolkits for your Work
PremiumConstruction · Equipment rental

Rental fleet utilization and ROI

Time utilization, dollar utilization and return on a rental unit or class.

Get this tool with its role plan

This is a premium tool. It comes with its role's plan: sign in, then add the role in Billing.

Comes with the operations analyst plan: every tool for the role, from $10.20 a month at the launch price.

  • Your own numbers, worked out as often as you like
  • The full unit review you can print or save to My work
  • 3 cited sources, linked, with the checks to make
  • Every other tool for the same role, in the same plan
  • A plain-words read of your result (a fuller AI read with the Bifrost AI add-on)

Included in these role plans

Operations analystFleet and rental manager

Example result · fictional numbers

What you get: unit review

Worked out by this tool from its default inputs. Its role plan lets you run your own numbers, print the sheet and save it.

62.9% dollar utilization against your 50.0% target; keep it working

Time utilization
70.0%
Annualized revenue
$75,433
Dollar utilization
62.9%
Return on OEC
43.7%
Read
Healthy: industry targets are often 50%+ dollar utilization

Unit performance

Time utilization
70.0% (21 of 30 days), target 70.0%
Realized rate
$295.24 per day on rent
Annualized revenue
$75,433.33
Dollar utilization
62.9%, target 50.0%
Cash earned per year
$66,433.33 after operating cost, before depreciation
Return on OEC
43.7%

Also on the sheet

  • Gap to your targets · 3 lines, starting with “To reach the dollar target”
  • Keep, transfer or sell · 5 lines, starting with “Keep: cash earned less book depreciation”
  • Class totals (10 units like this one) · 4 lines, starting with “OEC”

The plain-words read of this example

This unit is on rent 70.0% of the time at about $295.24 a day, which annualizes to $75,433.33, a 62.9% dollar utilization against your 50.0% target. It earns $66,433.33 a year after operating cost and returns 43.7% on OEC after depreciation. Gap to target: none, 62.9% is at or above your 50.0% target. Keep it working: it beats your dollar target and earns more than its sale value would. Compare the class with your own history and the rental association's figures before you act.

3 cited sources

  • American Rental Association (American Rental Association (ARA))
  • Publication 946, How to Depreciate Property (Internal Revenue Service)
  • Caterpillar Performance Handbook, Edition 49 (owning and operating costs) (Caterpillar, via MacAllister Machinery (Cat dealer download page))

Plus 5 step-by-step checks, a print layout and a link that reopens it with your numbers.

Sign in to pin this tool to My work.

Norventus

Applied Intelligence, three ways.

One way of thinking, built for three different jobs. Here is how they compare.

  • Applied Intelligence

    Watch TowerFor Business

    Who it is for
    Leaders and operators of an organization.
    What you get
    Your team, goals and KPIs, assets on one map and a work tracker, set up with you in the Watch Tower Console in four weeks, then reviewed with you every week.
    How to start
    Start from your goal. The demo is free.
    Visit Watch Tower
  • Applied Intelligence

    BeaconFor Professionals

    Who it is for
    One professional and where their career goes next.
    What you get
    A personal career console: news for your role, certifications, a pay-target planner, lessons and projects.
    How to start
    3 days free. No card needed to start.
    Visit Beacon
  • Applied Intelligence

    ForgeFor your Work

    Who it is for
    The people who do the work, on site (Crew) or at a desk (Labs).
    What you get
    Small, clear tools for everyday jobs: calculators, quick references and checklists.
    How to start
    Many tools are free. No account needed.
    You are here