This formula will give you the YoY number for the data set you’re working with. In other words, you are subtracting last year’s number from this year’s, and then dividing that by last year’s number. YoY = (This Year – Last Year) / Last Year
#Excel for mac calculate yoy growth how to#
Now that you’ve seen an example, let’s learn how to calculate this bad boy.Įxpressed as a formula, YoY looks like this: The two following charts show what YoY performance growth could look like between quarters each year for a business. Let’s say your business sells Marketing Audits where you check out a website and their marketing and give them the 80/20 of what can be changed.Įach marketing audit counts as 1 sale, and brings in $1,000 revenue. YoY is used by businesses and companies who are looking to compare revenue growth rate or change of their company over a specific time frame. It’s also helpful when coming up with looking at past performance to forecast out a new budget or determining how much a specific tactic or channel is performing. YoY is used by businesses to see how much growth (or loss) they’ve had over a specific time period. This can be January 2019 compared to January 2020, or January through March of 2019 compared to January through March of 2020. Year-over-year (YoY) is simply a comparison of one period of time with the same period from the previous year. What is YoY (Year-Over-Year) and What Does It Mean?
Using a YoY (year over year) calculation is a great way to stay on top of business growth.
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