Year-on-year growth

Year-on-year growth refers to the comparison of a specific metric or data point from one year to the same metric or data point in the previous year. This measurement is crucial for businesses, investors, and analysts to assess the progress and performance over time, giving insights into trends, patterns, and areas for improvement or investment. By examining year-on-year growth, organizations can make more informed decisions and strategies to maintain or enhance their market position. It's a fundamental tool for understanding long-term performance and sustainability in any industry.