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Nowadays, with the powerful options available on the internet that can be integrated into your Magento advanced reporting, you can ensure your business will always make a profit. The Year to Year Comparison (YOY) report compares Net Sales values of two years, selected by the user of the report.
Year selection allows us to select two years where one year will be compared against another.
Filters by website, store, customer group.
Column chart shows Net Sales by website (with drilldown to stores) for both years in comparison.
Timeline chart shows Net Sales and Rolling Net Sales values by month.
Table lists breakdown of Net Sales values by product category together with measures for both years and their absolute and relative difference.
If your task is to gain insight into what will allow your company to continue operating efficiently and avoiding pitfalls that may cause negative outcomes, Year to Year Comparison is what you are looking for!
Making assumptions and forecasting your sales, and thus, revenue based on the comparison of the two years is what every successful manager should do. This can help you understand which products are trending and which aren’t selling as well.
This allows you to organize for the upcoming year based on the sales made in previous years. Moreover, you will build the ability to not only track, but to actually get ahead of customers’ needs and bring them the desired WOW effect.
Three main benefits of YOY analysis are listed below.
Firstly, it is vital to know what to do in order to better your business organization’s health and performance.
Secondly, you will finally understand what exactly makes an organization flourish.
Thirdly, you will be able to identify, predict, and measure the factors that will enable an organization to be healthy and high performing in the future.
As you can see, Magento 2 reporting extension with comprehensive data visualization will definitely be a helping tool for you when planning your future marketing and promo campaigns.
Stay confident in your future organization performance with us! Check Sales by Location sample report and you will get a full picture of what to do next.