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.
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Maksym Babych is a seasoned entrepreneur and technology enthusiast with a passion for innovation. With a strong background in software development and project management, Maksym has spearheaded numerous successful ventures in the tech industry. As the CEO of SpdLoad, a software development company, he leads a talented team in creating cutting-edge solutions for clients worldwide.