Hi Gene,
Yes, there is a formula that can give you the correct % change in revenue from TY vs LY. The formula you are currently using (
) is not giving accurate results because it is not taking into account the direction of the change (i.e. whether it is a gain or a loss).
The correct formula to use is
(()/)*100. This formula takes into account the direction of the change and gives you the correct % change in revenue.
Here's how to use the formula step by step:
- Select the cell where you want to display the % change in revenue.
- Type the formula: =(()/)*100
- Replace "TY" with the cell reference for the current year's revenue.
- Replace "LY" with the cell reference for the previous year's revenue.
- Press Enter.
The result will be the % change in revenue from TY vs LY, taking into account the direction of the change.