closing ratio

closing ratio

[′klōz·iŋ ‚rā·shō]
(petroleum engineering)
During completion operations, the ratio of the pressure in a hole to the pressure needed by the operating piston to close the rams of the blowout preventer.
References in periodicals archive ?
Out of 175 pieces of traffic, she closed 66 leases, resulting in a 37.7 percent closing ratio for 2016.
As you will see, it's harder to scale up when you have a 15 percent closing ratio.
Improving a new producer's closing ratio begins with the selection of accounts to pursue.
Boston, MA, May 08, 2015 --(PR.com)-- It was announced today that Sandler Training and Sigma7 Group are teaming to deliver this free informative seminar which will give business owners and managers ways to improve your closing ratio. In addition specific insights will be presented in developing the right strategy in leveraging social media as a way to find, obtain, and retain customers, ultimately improving both top line and bottom line results.
That means the key issue for today's advisory firms and the successor advisors who will run them is maintaining a high standard of client service and increasing the closing ratio for the referrals generated by existing clients.
The prerequisite to improving your closing ratio is keeping accurate records.
Results of the pilot program show a national closing ratio of 48 percent, with a closing time frame of 99 days from contract to purchase, according to FRT.
"Working with a dedicated and well trained sales team from Hatstead Property Development Marketing, we've maintained a solid sales pace and a high closing ratio at Toren, with activity recently soaring as buyers recognize the smart investment that the building offers," said Donald Capoccia, a partner with Joseph Ferrare and Brendon Baron at BFC Partners.
For some time now, the closing ratio of seminars sponsored by American Independent Marketing and GoldenCareUSA has remained at or near 60%.
But after receiving roughly 1,200 leads a month via the Internet and realizing a mere 3 percent closing ratio on its Internet leads, the auto mall needed a tune-up.
You also need to consider whether he generates his own leads and what his closing ratio is.