Glossary:Operating rate
The operating rate is the share of gross operating surplus (value added minus personnel costs) to turnover (which is one measure of profitability). It is a useful indicator of the success of an economic activity.
The operating surplus measures the surplus or deficit accruing from production before taking account of any interest, rent or similar charges payable on financial or tangible non-produced assets borrowed or rented by the enterprise, or any interest, rent or similar receipts receivable on financial or tangible non-produced assets owned by the enterprise. For unincorporated enterprises owned by households, this part is called “mixed income".