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Year-Over-Year Growth Calculation: A Quick Guide

Submitted by SpdLoad on Thu, 04/25/2024 - 02:51

Year-over-year (YOY) growth is a vital metric for assessing business performance over time. It compares data from the current period to the same period in the previous year, offering insights into trends and changes. Here's a summary:

What is YOY Growth?
YOY growth compares metrics like revenue or profit between two consecutive years, mitigating the impact of seasonality.

How to Use the Calculator:
Input the current and previous year's metrics to calculate YOY growth easily.

When to Use YOY Calculations:
Use YOY comparisons for long-term performance analysis, understanding seasonal variations, identifying growth or decline, budgeting, and benchmarking against industry trends.