Days earned is an important metric in fleet management that indicates what?

Days earned is a crucial metric in fleet management because it specifically measures the utilization percentage of available fleet vehicles. This metric reflects how effectively the fleet is operating by quantifying the number of days that rental vehicles are actively in use compared to their total available days.

High days earned suggests that the fleet is being used efficiently, maximizing revenue generation potential, while a low percentage may indicate inefficiencies, underutilization, or potential issues in demand forecasting. Understanding this metric helps fleet managers make informed decisions about vehicle acquisition, pricing strategies, and operational adjustments to enhance overall performance.

Other options focus on different aspects of fleet management, such as individual rental periods or comparisons between fleet size and rentals, but they do not capture the essence of utilization in the same way that days earned does. This makes the focus on utilization percentage a vital consideration for effective fleet management strategies.