Maintenance cost as a percent of replacement asset value compares your annual maintenance spend to what it would cost to replace the assets.
What percentage of your asset value are you spending on maintenance, and where is the money going? Segment your spend, compare to industry benchmarks, and see the planned vs. unplanned split that tells the real story.
Annual maintenance cost divided by replacement asset value, a top-level benchmark of how heavy your maintenance spend is.
Total annual maintenance cost divided by RAV, times 100.
Replacement asset value, the cost to replace the assets you maintain at today's prices.
Commonly cited around 2 to 3 percent, but it varies widely by industry and asset age.