Central systems are rated by Seasonal Energy Efficiency Ratio ( SEER ), and window units by Energy Efficiency Ratio ( EER ).
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But that lagged Norwest's revenue growth, allowing its efficiency ratio-- expenses divided by revenue-- to fall to 65 percent from 66 percent.
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Efficiency ratios, which tell something about the ratio between the value produced and the sacrifices made for it, are available in large numbers.
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Still, the bank reduced its efficiency ratio by 3.5 percentage points to 56.3 percent, meaning the bank spent 56 cents for every dollar earned.
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The bank's efficiency ratio improved to 56 . 3 percent in the quarter and average core deposits in the General Bank increased 3 percent.
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Adamski said the company's efficiency ratio-- a function of operating expenses divided by revenue-- was 53.9 percent, exceeding the company's goal of 55 percent.
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This metric is analogous to the seasonal energy efficiency ratio ( SEER ) that is used to compare cooling energy efficiency of competing equipment.
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NationsBank's efficiency ratio, including the amortization of goodwill from acquisitions, was 58 . 3 percent in the fourth quarter, compared with 57 . 1 percent.
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Operating expenses as a percentage of gross margin, or efficiency ratio, improved to 44 . 5 percent from 49 . 8 percent a year ago.
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SEER is related to the coefficient of performance ( COP ) commonly used in thermodynamics and also to the Energy Efficiency Ratio ( EER ).
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