Return on Investment (ROI)
Return on Investment (ROI) is a measure of the profitability of an investment, calculated by dividing the net gain from the investment by the cost of the investment. It is used to evaluate the efficiency of an investment and compare the performance of different investments. ROI is expressed as a percentage and is calculated by subtracting the cost of the investment from the total return, then dividing the result by the cost of the investment. It is a key metric used in maintenance operations and management to assess the effectiveness of investments in maintenance activities, such as preventive maintenance, repairs, and replacements.