Operating Ratio means the ratio, expressed as a percentage of the net operating costs actually incurred by Contractor, exclusive of Pass-Through Costs and Non-Allowable Costs, divided by the Contractor’s net income.
Operating Ratio the ratios of Allowable Expenses divided by Total Revenues (based on Allowable Expenses). Operating Ratio means 88.5%. Other Allowable Non-Fuel Expenses: all Allowable Expenses except Major Allowable Expenses and Fuel Related Expenses. Other Allowable Non-Fuel Expenses will be adjusted using the Adjusted CPI Index. The initial Adjusted CPI Index for the 2007 Rate Year will be based upon a one-time 2003 Base Year adjustment. Other Allowable Non-Fuel Expenses include:
Operating Ratio means the proportion of total
Examples of Operating Ratio in a sentence
Minimum Profit LevelPer Section 12.04 of the Agreements, if the Operating Ratio (i.e., profit level) for the previous 12-month period falls within the range of values defined in Attachment A (88% to 92%) no RRI adjustment will be made.
More Definitions of Operating Ratio
Operating Ratio means the ratio, expressed as a percentage, of the net operating costs actually incurred by Contractor, exclusive of Pass-Through Costs and Non-Allowable Costs, divided by Contractor’s net income, as produced by the rates that are applied to the services provided under this agreement. The Operating Ratio for this agreement shall range from 88.00% to 92.00%, and the rates shall be adjusted as necessary through the RRI, Special Rate Review, Detailed Rate Review or Change in Service Rate Review to maintain an Operating Ratio within that range. Party or Parties “Party or Parties” refers to the County and Contractor, individually or together. Pass-Through Cost (or Costs) "Pass-Through Cost" (or Costs) means a cost to which no element of overhead, administrative expense, or Profit is added, such that the specific amount of such cost is included without modification in the calculations or reports prepared in implementing this agreement, including, without limitation, tipping fees, assessments and other charges at any designated transfer facility or disposal site, franchise fees, other fees payable by Contractor to County or any other government agency on the services, Including rent payments and property taxes paid for the use of County-owned facilities. Processing Costs
Operating Ratio means the ratio, expressed as a percentage, of the net operating costs actually 2653 incurred by Contractor, exclusive of Pass-Through Costs and Non- Allowable Costs, divided by 2654 Contractor’s net income, as produced by the Service Rates and Service Charges that are applied 2655 to the services provided under this agreement. 2656 Pass-Through Costs 2657 "Pass-Through Cost" means a cost to which no element of overhead, administrative expense, or 2658 profit is added. Pass-Through Costs shall include: 2659 • Franchise fees. 2660 • All processing and disposal (tip fees) costs incurred by Contractor. 2661 Franchise Fees may be included at Contractor’s discretion as an element of costs for calculating 2662 Contractor’s Compensation, however these expenses shall not be included in any costs used as 2663 a basis for calculating or determining Operating Ratio. Processing and disposal tip fees are not 2664 included in Contractor’s Compensation.
Operating Ratio means a factor used in the calculation of profit. Contractor’s profit is
Operating Ratio means the ratio, expressed as a percentage, of the net operating costs actually incurred by Contractor, exclusive of Pass-Through Costs and Non-Allowable Costs, divided by Contractor’s net income, as produced by the rates that are applied to the services provided under this agreement. The Operating Ratio for this agreement shall range from 87.5% to 90.00%, and the rates shall be adjusted as necessary through the RRI, Special Rate Review, Cost Plus Detailed Rate Review or Change in Service Rate Review to maintain an Operating Ratio within that range.
Operating Ratio means the quotient of a carrier's operating expenses divided
Operating Ratio means Operating Expense divided by Revenue, with "Operating Expense" defined as Revenue less Operating Profit and "Revenue" defined as revenue determined in accordance with US GAAP before inter-segment eliminations.
Operating Ratio means, for any period, the ratio of operating expenses of --------------- Borrower, on a consolidated basis, for such period (exclusive of interest expense, tax expense, amortization expense, extraordinary expense and Restructuring Charges), to revenues (excluding extraordinary income) of Borrower, on a consolidated basis, for such period, in each case determined in accordance with generally accepted accounting principals; provided, that -------- depreciation shall be included in the amount of operating expenses only to the extent the method of calculating such depreciation is consistent with Borrower's past practices.