Quarterly year-on-year sales revenue growth rate
factor.formula
Quarterly year-on-year sales revenue growth rate:
Formula explanation:
- :
Represents the sales revenue for the current quarter (Q), where Q represents the current fiscal quarter.
- :
It represents the sales revenue of the same quarter last year (Q-4), that is, the sales revenue of the current quarter corresponds to the sales revenue of the same period last year. This implicitly assumes that a company has four fiscal quarters per year.
- :
Represents the absolute value of sales revenue in the same quarter last year (Q-4). The absolute value is used as the denominator to avoid abnormal growth rate calculation results when the sales revenue in the same period last year is negative. At the same time, it also avoids division by zero errors caused by zero sales revenue in the same period last year.
- :
The entire formula calculates the difference between the current quarter's sales revenue and the same period last year's sales revenue, divided by the absolute value of the same period last year's sales revenue, to get the quarterly year-on-year sales revenue growth rate. A positive result indicates revenue growth, a negative result indicates revenue decline, and the absolute value indicates the magnitude of growth or decline.
factor.explanation
This indicator uses single-quarter data. Compared with TTM (Trailing Twelve Months) data, it can better reflect the company's short-term operating changes and growth, and is more sensitive to capturing the company's short-term turning points. The year-on-year calculation method eliminates the impact of seasonal factors, making this indicator more valuable for cross-quarter comparisons. When applying it, it is necessary to conduct a comprehensive analysis based on industry characteristics and company specific conditions to avoid over-reliance on a single indicator.