Here are five real-world finance KPIs measurably improved by deploying asset tracking in a company:

1. Asset Utilization Rate

   Measures how efficiently assets are used to generate revenue. Asset tracking increases accuracy, helping businesses identify underused or idle assets and ensuring maximum return on investment.

   
   

2. Inventory Turnover Ratio

   Reflects how often inventory is sold and replaced during a period. With real-time visibility from asset tracking, companies optimize stock levels, reduce holding costs, and improve cash flow by minimizing excess inventory.

   
   

3. Return on Assets (ROA)

   Indicates how profitable a company is relative to its total assets. Enhanced tracking boosts ROA by maximizing uptime, minimizing losses, and supporting better capital allocation.

   
   

4. Depreciation Expense Accuracy

   Precise tracking of asset conditions and lifecycle enables finance teams to align depreciation schedules with actual usage, improving reporting and budgeting.

   
   

5. Operational Expenses (OPEX) Related to Assets

   Asset tracking reduces maintenance, loss, and replacement costs, directly lowering the operational expenses associated with asset management.

   
   

Effective asset tracking improves each of these KPIs by enhancing visibility, reducing inefficiencies, and supporting data-driven decision-making across the finance function.