Year-on-year Growth

[ { "value": "Year-on-year growth is a crucial metric that measures the annual expansion rate of a business, revenue stream, or any other key performance indicator (KPI) by comparing data from the same time period in consecutive years. This metric provides a clear and comparative understanding of long-term trends, offering insights into the health and progress of a business or industry. Year-on-year growth accounts for seasonal variations and helps stakeholders make informed decisions by evaluating consistent improvement or identifying potential areas of decline. Maintaining an upward trend in year-on-year growth is often indicative of sustainable business practices and strategic success. } ]