A spreadsheet designed to compute the percentage change in a specific metric from one year to the next is a valuable tool for financial analysis. This calculation, often performed within spreadsheet software, allows for a direct comparison of performance over consecutive annual periods. For example, a business might use this type of spreadsheet to determine the percentage increase in revenue from 2022 to 2023.
Understanding yearly increases or decreases is critical for evaluating business performance, identifying trends, and making informed decisions. This method provides a clear and concise view of progress, helping to track company expansion, identify potential challenges, and attract investment. The ability to rapidly and accurately calculate this metric has become essential for any organization seeking to measure its development and adapt to changing market conditions.