Abstract. The article briefly describes the results of creating a phasechronometric system for monitoring the state of a turning tool. The realization of the method in practice is shown. The composition of the original measuring unit is described. The results of theoretical and experimental studies are presented. The working capacity of the new method in industrial conditions is proved. The proposed method makes it possible to monitor the wear of the lathe with high accuracy during machining.In the key of manufacturing informatization it becomes an important issue to obtain information about all the key options of work metalworking machines. Lack of information and let one but very important parameter during processing will mean reducing the effect of gaining momentum convergence of information technology and metalworking [1,2]. One of such important parameters are the information about the technical condition of the machine components and the actual state of the least reliable processing element of the system -the cutting tool. It is an assessment tool wear directly in the treatment process with a view to the timely replacement and diagnosis of rolling lathes to evade the system of preventive maintenance.In this study as a tool to obtain more information about the parameters of the work lathes considered phasechranometric method [3], which is based on the continuous measurement of the time intervals between the phases of the machine cycle or machine (Fig .1). In this method, time intervals 1 … ,, the corresponding rotation (displacement) of the vehicle chassis undergoing a cycle are measured, in this case the machine spindle at a certain angle Δφ (cycle phase). Experience about phasechronometric on other machines shows that the measurement of time intervals of the machine spindle revolution in the processing phase, we can obtain information about the operation of the machine. Information on the operation of all machine components, including the state of the tool is included in the chronogram of rotation, which is a graphic reflection of the values of the time series 1 … (chronogram formation circuit is shown in Figure 2). Real chronograms are shown in Figure 3-4. Figure 4 shows the chronogram for turning a new cutter. Figure 5 shows the chronogram for turning with a tool with wear VB = 400μm