Year-over-year (YOY) growth calculation is a method to evaluate business performance by comparing data from the current year to the previous year. It offers insights into trends and changes, especially useful for assessing long-term performance, understanding seasonal variations, and identifying growth or decline. The formula is straightforward, and YOY comparisons are valuable for budgeting, forecasting, and benchmarking against industry trends.
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.
For a detailed guide and examples:
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