Ara Rental Market Metrics Pdf Files
ARA Rental Market Metrics™ defines methods for calculating and reporting rental performance metrics. The American Rental Association (ARA) this week is announcing the publication of ARA Rental Market Metrics™, a white paper outlining industry standards for calculating and reporting equipment rental company performance metrics. ARA Rental Market Metrics™ provides equipment rental companies a consistent way of calculating and reporting critical performance measures. It develops industry standards for the definition of a day, original equipment cost (OEC), and for the calculation of time (physical) utilization of equipment, financial (dollar) utilization, fleet age and percentage change in period-over-period rental rates. “The development of rental performance metrics marks a new chapter in the equipment rental industry.
Publically traded equipment rental companies such as United Rentals, Stamford, Conn., and Hertz Equipment Rental Corp., Park Ridge, N.J., already are using ARA Rental Market Metrics™ to calculate and report financial performance. “We use the ARA Rental Market Metrics and urge the whole industry to adopt these. Ara Rental Market Metrics Pdf Files. Job interview questions and sample answers list, tips, guide and advice. Helps you prepare job interviews and practice interview skills and techniques. Turner Gas Company. Our products include wholesale propane, natural gas liquids, chemicals, and crude.
Standardizing the methods equipment rental companies use to calculate performance measures will advance individual businesses and industry performance in a consistent manner. 3ds Max 2012 Keygen Torrent Download here. ARA undertook this landmark initiative to further the growth and professionalism of the industry,” says Christine Wehrman, ARA’s CEO.
“Several key performance metrics for equipment rental businesses are unique to the equipment rental industry. Most of these metrics are associated with fleet efficiency and utilization.
Consistency in reporting metrics was missing in our industry and made it virtually impossible for rental businesses to assess their performance relative to their peers,” says John McClelland, Ph.D., ARA’s vice president for government affairs, project leader and co-author of the white paper with Michael Graboski, Ph.D., an ARA consultant. ARA convened an industry-wide advisory group to lend counsel and advice during the development of the ARA Rental Market Metrics™ whitepaper. Dan Kaplan, a rental expert from Daniel Kaplan Associates, Morristown, N.J., provided the initial inspiration to ARA for this project and contributed to the effort. “The industry took this initiative seriously and worked collaboratively in the formation of these metrics. I believe adopting the use of ARA Rental Market Metrics™ will be of great benefit to the equipment rental industry,” says Wehrman. For more information, contact Tom Hubbell, ARA’s vice president for marketing and communication at 800-334-2177, ext.
ARA Rental Market Metrics ™ is software that provides rental companies with a consistent way to calculate and report critical performance measures by establishing industry standards for things like fleet age and utilization, and defining seemingly basic terms like revenue and rental days. Why do I need it? Using your own definitions and means of calculating utilization leaves you with data that carries less weight with banks, financial analysts and investors because your results are only relevant to you. Free Download Mp3 Super Junior Break Down there. It also could cost you money because it puts you in an 'apples to oranges' situation when trying to compare your results with others and figure out if you are charging too much or too little for a particular piece of equipment.
The list of reasons why metrics are a big deal is seemingly endless. How does it work? The software measures efficiency of fleet use, business activity and fleet turnover by implementing defined metrics into your existing software for things like: • Time utilization. • Financial utilization.
• Percent change in rental rate and total percent change in rental revenue. • Apportioned percent change in rental revenue due to yield, utilization and fleet changes. Ask your software provider about this product today!