You can quickly see a usage report by heading into your Inventory, clicking on an item, then moving into the Usage Tab.

From here you can select which date range you'd like to explore and you'll receive a bird's eye view of how the item is performing.

Here's a breakdown of the information you're receiving in this report:
Average Daily Utilization: The average amount of daily this item is used during the given time period. A higher percentage means this item is used more frequently.
Days Contracted: The sum of days this item has been contracted in the selected time period.
Days Available: The sum of days this item has been available in the selected time period.
Average for the [item's category]: The average utilization for all [category] items in the selected time period.
Quantity Posted / Total Booked: The quantity posted to inventory and the total quantity booked in this time period. N/A means that quantity is not being tracked for this item.
Minimum / Average / Max Booked: The minimum, average, and maximum quantity booked in the selected time period. (Total items across all projects / Total projects with this time)
Total Quantity Subrented: The total across projects in this time period that this item has been subrented.
Average Quantity Subrented: The total across projects in this time period that this item has been subrented.
Subrented Projects: The number of projects where this item was subrented.

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