Business Calculators
The Basics You Need to Always be Profitable
This series includes 24 key numbers. If you work on getting all of them in the ranges mentioned, your shop should be solidly profitable. There is a fill-in-the-blank form where you can automatically calculate many of these numbers for your shop in our Business Calculators area available to Premium Members.
This is a great learning and working tool for anyone in your shop who should know what the key numbers need to be.
Twenty-three different forms where you enter numbers from your shop. Key management numbers are then automatically calculated, including Gross Profits, Effective Labor Rate, and Average RO. These are excellent tools for service advisors to use when creating estimates, and monitoring shop and individual goals progress.
Key #6 Parts Gross Profit
For this key number, we want to know what percent of parts sales was profit. That is, the total sale price of parts sold minus the cost of those parts expressed as a percent of the total amount of parts sales.
Key #7 Tire Gross Profit
For this key number, we want to know what percent of tire sales was profit. That is, the total sale price of tires sold minus the cost of those tires expressed as a percent of the total tire sales price.
Key #8 Labor Gross Profit
For this key number, we want to know what percent of labor sales was profit. That is, the total sale price of labor sold minus the cost of that labor expressed as a percent of the total labor sales price. This is like parts gross profit except that instead of subtracting the cost of a part you are subtracting the cost of a technician to perform the repair.
Key #9 Total Gross Profit
For this key number, we want to know what percent of total sales was gross profit. That is, the total of all sales of all types less the cost of those sales expressed as a percent of the total sales amount.
Key #12 Gross Profit Dollars per Sold Hour
For this key number, we want to know how many gross profit dollars are being generated during an average sold hour over a certain period. It can also calculate the gross profit per sold hour on individual operations and estimates.