Year on Year comparison is very essential for investors to gauge a company’s financial performance through the year and compare it with the previous year.
Tons of data are being generated at every moment through different machines, internet-enabled devices, and other sources. The data must be gathered, processed and analyzed for a better understanding of relationships and patterns in the business. This is where data visualization steps in.
Data Visualization interactive tools like Google Data Studio and many others greatly benefit the organizations to quickly interpret the data in real-time and draw meaningful insights.
Most of the businesses use fiscal year rather than calendar year for YOY comparisons. However, the fiscal year is not available as a custom time dimension in Google Data Studio. That’s where the custom queries steps in.
This document would be helpful for YOY comparison in Google Data Studio by fiscal year.
-Written and contributed by Nilakshi Dhole (Countants Team)