Once license rule is configured with a supported license metric, and when the scheduled/on-demand compliance check operation is completed, reconciliation result will appear under Inventory > Compliance > Software Compliance.
Over Utilized: If the used quantity is greater than purchased license quantity, it means the license is over utilized. Corrective action to be taken to make this license as compliant.
Under Utilized: If the used quantity is lesser than purchased license quantity, it means the license is under utilized. No issue when license is under utilized, as the excess license is available.