Year-on-year terms

Year-on-year terms refer to a method of comparing a specific metric or performance indicator with the same metric from the previous year. This approach is commonly used in financial analysis, statistics, and various business reports to understand growth, trends, or declines over a 12-month cycle. It allows for a clearer understanding of how a particular area has evolved over time, excluding seasonal variations that might distort shorter-term trends. By examining year-on-year data, stakeholders can make more informed decisions, set strategic goals, and assess the effectiveness of initiatives or adjustments made during the past year. This metric is especially valuable in sectors with significant annual cycles, such as retail, agriculture, and tourism.