Equipment cost per hour
equipment_cost_per_hourRead-onlyIdempotent
Calculates what a machine really costs per hour to own and operate: depreciation, cost of capital, insurance/taxes/storage, fuel, lubricants, repairs and wear parts. Same math as the Torgix calculator at torgix.ai/learn. Purchase price and hours per year are required; anything else left out uses the calculator's defaults, which the answer lists.
Input Schema
TableJSON Schema
| Name | Required | Description | Default |
|---|---|---|---|
| years_owned | No | Years you expect to own it (default 7) | |
| hours_per_year | Yes | Hours the machine runs per year | |
| purchase_price | Yes | Purchase price in US dollars | |
| residual_value | No | Expected resale value at the end of ownership (default 30% of price) | |
| wear_parts_cost | No | Cost of a set of tires, tracks or undercarriage (default 18,000) | |
| lube_pct_of_fuel | No | Lubricants and filters as percent of fuel cost (default 15) | |
| repairs_per_hour | No | Repairs and parts per hour (default 18) | |
| interest_rate_pct | No | Cost of capital, percent per year (default 8) | |
| fuel_gallons_per_hour | No | Fuel burn in gallons per hour (default 4.5) | |
| fuel_price_per_gallon | No | Fuel price per gallon (default 4.10) | |
| wear_parts_life_hours | No | Hours a set of tires or tracks lasts (default 4,000) | |
| operator_wage_per_hour | No | Operator wage per hour; leave out for a machine-only rate | |
| insurance_tax_storage_pct | No | Insurance, taxes and storage as percent of average value per year (default 3) |