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Blog · Coverage and territory

Account penetration rate: formula, denominators and a worked example

Account penetration rate defined, accounts buying over accounts in a stated universe, the four denominators it is computed against and what each answers, the target list, the estate, the segment universe and the installed base, a worked example per rep against a target list, the roll-up, the identity to the universe file, and why a penetration rate with no stated universe is a percentage of nothing.

The short answerAccount penetration rate is accounts with revenue above a floor divided by accounts in a stated universe, for a period. The universe is the choice that gives the number its meaning: a target list, a customer's site estate, a segment's addressable accounts, or an installed base. Each answers a different question, and the report names which. Per rep, penetration against the target list is the share of the accounts they were given that are buying; the roll-up is weighted by accounts, and the identity is that the universe per rep sums to the universe file.

Penetration is a percentage, and a percentage needs a denominator. Most penetration rates in decks have one nobody stated. This guide defines account penetration rate, sets out the four universes it is computed against, works an example against a target list, and gives the roll-up and the identity.

The formula

Account penetration = accounts with revenue above the floor in the period ÷ accounts in the universe

Per rep, per territory, per segment, per period.

Four universes

Universe Question Source Typical use
Target list Of the accounts we chose to pursue, how many buy? The company's own target list Rep management
Estate Of a customer's sites, how many do we serve? The customer or a register Multi-site customers
Segment universe Of the addressable accounts in a segment, how many buy? Purchased list or public register Planning, marketing
Installed base Of the units or sites we sold to, how many buy aftermarket? The company's own register Aftermarket, renewals

The report names the universe on every line. A penetration rate with no universe is a percentage of nothing.

The rows you need

  • Ledger: account, period, revenue.
  • Universe file: account, universe, segment, rep or territory.

Account identifiers only.

A worked example

Universe: target list. Floor: $5,000 in the trailing twelve months.

Rep Target accounts Buying above floor Penetration Coverage Reading
R-04 140 41 29% 53% Low and low
R-11 90 31 34% 86% Working, not converting
R-17 40 29 73% 94% Strong
R-22 70 44 63% 49% Winning without working

Rep R-11 touches nearly everything and a third buy. Rep R-22 touches half and two thirds buy, which is inherited or lucky and will not last. Penetration alone cannot tell them apart; with coverage it can.

The roll-up

Region penetration = Σ buying accounts ÷ Σ universe accounts

Weighted by universe, never the average of rep percentages.

The identity

Σ reps' universe accounts = universe file count buying + not buying = universe, per rep

An account in two reps' universes fails it and is listed.

Where it goes wrong

Universe unstated. Buying accounts over CRM accounts is penetration of the CRM.

No floor. A sample order three years ago counts.

Averaged percentages. The forty-account rep flatters the region.

Read without coverage. Winning without working looks like strength.

Every quarter, against a stated universe

Mapped once, the ledger and the universe file produce penetration per rep and region, the identity and the not-buying list every quarter. Covirage builds this from the exports as they are. The penetration term has the short definition, and the penetration versus coverage guide covers the pairing that makes the reading.

Questions people ask

What revenue floor?

Enough to exclude a one-off sample order: a stated amount, or an order in each of two periods. Without a floor, an account that bought once three years ago is penetrated. The floor is on the report.

What is the difference from coverage?

Coverage is about activity: accounts touched over accounts assigned. Penetration is about sales: accounts buying over accounts that could. A rep can have high coverage and low penetration, working the list without winning it, and the two together are the reading.

What is the difference from market penetration?

Market penetration is usually company sales over market sales, in value. Account penetration is a count of accounts against a universe of accounts. A company can have low market penetration by value and high account penetration by count if it sells small amounts to many.