Performance Indicators Report
Third Quarter, 2002
- Total Net Portfolio
- Total New Business Volume
- Delinquencies
- Average Losses
- Credit Approved Ratio
- Total Number of Employees
Please Note:
ELA's name, address, web site and contact info have all changed since the information below was originally published. For additional information on this and other ELFA research materials, please contact Bill Choi at bchoi@elfaonline.org or 202.238.3413.|
ELA recently released the results of its Performance Indicators Report (PIR) for the third quarter of 2002 (July-Sept) The PIR tracks the performance of prominent leasing organizations in six key areas. Because the same companies were tracked and used in the analysis, the PIR provides fairly reliable trend analysis. Each illustration below reflects the data provided by those companies responding to that particular question. Typically, not every company polled responds to every question. New business volume growth was about 7.8% since the third quarter 2001. Total net portfolio continues to grow with a 3.1% increase when compared to the 3Q 2001. The total number of employees remains stable at 0.84%. Credit approval ratios have increased 2.2% compared the 3Q 2001. Average losses remained stable when compared to the previous year. One major area of concern is that the "receivables over 90 days" have doubled from 1.1% in 3rd qtr 2001 to 1.9% in 3rd qtr 2002. This increase could have serious implications for the leasing industry as credit quality shows continued deterioration. This study is conducted quarterly by the ELA, which provides a variety of data, including customized market analyses, to ELA members and organizations involved in the $242 billion equipment leasing industry. |
Participants in the 3rd Quarter 2002 PIR Report
|
Total Net Portfolio
Total New Business Volume
Delinquencies
(as a percent of gross receivables)| 2001 | 2002 | ||||
| # Days | 3Q 01 | 4Q 01 | 1Q 02 | 2Q 02 | 3Q 02 |
| < 30 | 97.6% | 97.5% | 97.2% | 97.6% | 96.9% |
| 31-60 | 0.9% | 0.9% | 1.0% | 0.9% | 0.8% |
| 61-90 | 0.5% | 0.6% | 0.6% | 0.5% | 0.4% |
| > 90 | 1.0% | 1.0% | 1.2% | 1.0% | 1.9% |
| 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | |
16 respondents
Average Losses
Credit Approved Ratio
Total Number of Employees
