---
title: ROI Calculator | RedBeam Asset Tracking
description: With RedBeam, you can save valuable time and money by managing all your assets in one place. Calculate your ROI with our calculator today.
---

# Calculate Your Savings With RedBeam's Asset Tracking

With RedBeam, you can save valuable time and money by managing all your assets in one place. Cutting back on time spent tracking down your assets and manually recording everything boosts your team’s productivity and your business’s bottom line.

 Asset Information

Number of Assets

Average Asset ValueThis is the average cost of each piece of equipment.

Percentage of Assets Tracked

#### Total Asset Value*

$250,000

Cost of Lost AssetsLost assets are assets on your books that are physically missing or unusable. Fixed asset tracking systems are designed to eliminate this cost entirely.

Percentage of Lost AssetsIf you're not sure, 10% is a good estimate. This number maybe as high as 20 to 40% for some organizations.

Percent Value RemainingThis is the amount of value left in your lost assets. If you are not sure, 50% is a good estimate. This number could be higher or lower depending on how new or old your assets are.

#### Estimated Lost Asset Value

$12,500

Federal Tax RateThe average federal tax rate is 25%

State Tax RateThe average state tax rate is 5%

Business Property Tax RateThe average business property tax rate is 3%

Property Insurance RateThe average property insurance tax rate is 1%

#### Lost Asset Cost

$4,250

 Cost of Audit An audit refers to the physical verification of assets, along with their monetary evaluation.

Cost of Worker Per DayIf you're not sure, then a baseline estimate is $300 per worker each day based on U.S. Bureau of Labor and Statistics mean hourly wage and employer cost data.Number of Personnel Conducting AuditEnter the number of personnel needed to conduct your annual fixed asset audit.Days Spent Per Year on Manual AuditThe average audit takes four weeks (or 20 business days) to complete.

#### Audit Inventory Cost*

$6,000

* Assumes $300 per worker each day based on U.S. Bureau of Labor and Statistics mean hourly wage and employer cost data.

 Cost of Daily Searches In addition to ghost assets and audits, over half of companies report operations personnel perform at least one search for assets per day and that these searches can take up to an hour each.

Work Days Per Year260 days / year is the standard number of days of work / year for companies abiding by a 5-day / week work schedule not accounting for 10 paid Federal holidays.

Average Hourly SalaryIf you're not sure, a baseline estimate may use $40 hourly based on U.S. Department of Labor employee costs for employee compensation data.

Number of Operations Personnel

Minutes on Asset Searches Per DayOver half of companies report operations personnel perform at least one search for assets per day and that these searches can take up to an hour each.

#### Asset Search Cost*

$1,733

* Assumes $40 hourly based on U.S. Department of Labor employee costs for employee compensation data.

### **Return on Investment**

Daily Search Savings

$1,733

Physical Audit Savings

$6,000

Tax & Insurance Savings

$4,250

$11,983 / year*

with

RedBeam

* Discounts available for multi-year purchase.

### **Cost of Delayed Action**

Loss / Day

$32.83

Loss / 3-Years

$35,949

Loss / 5-Years

$59,915

### See RedBeam In Action

Interested in learning more about our asset tracking tool? Schedule a free demo with our team so we can show you how RedBeam can support your business.

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