Calculating Growth Rate measures the increase in a particular metric over time, such as revenue or customer base. It's crucial for understanding the pace of your business's expansion and identifying growth trends.
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How to Calculate Growth Rate?
Growth Rate calculation involves subtracting the starting value from the ending value, dividing by the starting value, and then multiplying by 100 to get a percentage. For example, if your revenue increased from $20,000 to $25,000, your growth rate would be (($25,000 - $20,000) / $20,000) * 100 = 25%.
Growth Rate Calculation
Growth Rate formula
Growth Rate = ((Ending Value - Starting Value) / Starting Value) x 100