Cycle time in days to capitalize a fixed asset purchase

This measure calculates the number of calendar days (including weekends) it takes to capitalize a fixed asset purchase once a purchased asset is deemed productive. A fixed asset is a long-term asset (e.g., property, plant, or equipment) not purchased or sold in the normal course of business but instead used by the company to generate revenue. This measure is part of a set of Cycle Time measures that help companies analyze the duration of the "perform fixed-asset accounting" process from beginning to end.

Benchmark Data

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Measure Category:
Cycle Time
Measure ID:
100591
Total Sample Size:
2,197 All Companies
Performers:
25th Median 75th
- - -
Key Performance Indicator:
No
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Compute this Measure

Units for this measure are days.

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Cycle time in calendar days to capitalize a fixed asset purchase

Key Terms

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Cycle Time

Cycle time is the total time from the beginning of the process to the end. This includes both time spent actually performing the process and time spent waiting to move forward.

Measure Scope

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Cross Industry (7.3.1)

  • 9.3.3.1 - Establish fixed-asset policies and procedures (10828)
  • 9.3.3.2 - Maintain fixed-asset master data files (10829)
  • 9.3.3.3 - Process and record fixed-asset additions and retires (10830)
  • 9.3.3.4 - Process and record fixed-asset adjustments, enhancements, revaluations, and transfers (10831)
  • 9.3.3.5 - Process and record fixed-asset maintenance and repair expenses (10832)
  • 9.3.3.6 - Calculate and record depreciation expense (10833)
  • 9.3.3.7 - Reconcile fixed-asset ledger (10834)
  • 9.3.3.8 - Track fixed-assets including physical inventory (10835)
  • 9.3.3.9 - Provide fixed-asset data to support tax, statutory, and regulatory reporting (10836)