Calculate profit and loss in the most accurate, reliable, and efficient way possible!
Field Promax’s free ROI calculator enables you to calculate your return on investment at a lightning-fast speed, with the guarantee of 100% accuracy.
To make more profits, you need to make sure you are making profits in the first place. So, be on top of your financial goals with just a click on your computer (or even a tap on your smartphone screen) with our simple yet effective ROI calculator.
Total Gain on Investment: This is the overall profit or increase in value gained from an investment after considering both the initial investment and any additional returns or income generated.’
Return on Investment (ROI): This is a financial metric that measures the profitability of an investment by comparing the gained or lost money relative to the initial cost.
Simple Annual ROI: This is a straightforward measure that calculates the percentage increase in value of an investment over a one-year period, showing the overall profit or loss.
Compound Annual Growth Rate (CAGR): This is a measure that represents the geometric progression ratio that provides a constant rate of return over a specified time period, considering the effect of compounding.
An ROI (return on investment) calculator is like your guardian angel, watching over you at all times. In this case, however, it is watching over your hard-earned money.
An ROI calculator is a tool that helps you figure out how much bang you’re getting for your buck. In other words, it tells you how much you are actually getting in return for the money you have invested in your business. You just put in the numbers, and it shows you how much money you have gained from your investment.
It’s a handy tool for businesses or anyone trying to see how their investments are paying off—the higher the ROI percentage, the better!
Simple, right? Let’s see how you are doing so far with this free ROI calculator.
Here’s a step-by-step guide to calculate your business sales growth rate:
Identify the total sales for the current period or time frame.
Identify the total sales for the previous period or time frame.
Perform the calculation to find the sales growth rate as a percentage.
Sales growth depends on a few KPIs, such as revenue growth, average revenue per account, customer lifetime value, and many other parameters that indicate sales success. You can create a dashboard on your field service management software to track sales growth in real-time.
In general, the ideal sales growth rate for businesses falls in the 15-25% bracket. But smaller businesses generally have a higher sales growth rate, which can even go up to 75-100% for startups. And larger businesses are able to sustain a growth rate of 5-10% in the long term.
Field Promax plays a pivotal role in increasing sales growth for field service businesses by optimizing various operational aspects. The software streamlines scheduling, dispatching, and job management, ensuring that field service teams operate at peak efficiency. This enhanced efficiency means more jobs can be completed in less time, leading to increased sales opportunities.
With real-time visibility into field operations, businesses using Field Promax can make quicker and more informed decisions, identifying areas for improvement and capitalizing on successful strategies. The software also enables better customer relationship management through features like automated communications and streamlined invoicing, fostering customer loyalty and repeat business.
