Year-Over-Year (YOY) Sales Growth
Percentage
YOY Sales Growth compares sales figures from one year to the next, indicating long-term sales trends and seasonal impacts.
Formula
(Current Year Sales - Previous Year Sales) / Previous Year Sales * 100
Example
If last year sales were $1 million and this year sales are $1.2 million, YOY growth is ((1.2M-1M)/1M)*100 = 20%.