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Result

Visar total result under specificerad period.

What is it?

The key figure shows the overall financial performance, result or outcome over a specified period of time. It means adding up all the income or expenses that have occurred during the specified period to get an overall picture of financial performance or results. This key figure provides an overview of the overall effect of the company's financial activities over time.

Note that this key figure is not accumulated for the current year, but shows results for the time period selected.

How is it calculated?

Outcome summed up

* Includes only outcomes for specified time period.

Why is it important to follow?

Following the key figure is important for several reasons:

  1. Financial overview: It provides a consolidated and clear picture of how the organization has performed financially during the specified time period. It includes all income and expenses and provides a clear overview of the total economy.

  2. Performance evaluation: It enables evaluation of the organization's financial performance over time. It is useful for assessing whether the business has achieved its financial goals and how it has developed over time.

  3. Trends and patterns: By following the summarized outcome, the organization can identify economic trends and patterns. It can be useful in anticipating future financial challenges or opportunities.

  4. Cost Control: It helps in monitoring and controlling costs and expenses. If the summed outcome shows overruns, the organization can take measures to limit spending.

  5. Decision Making: It provides a solid foundation for financial decisions. Decision makers can use this ratio to assess whether the organization has sufficient resources to support specific initiatives or projects.

  6. Financial Planning: It is useful for planning future budgets and financial goals. It gives the organization a reference point for creating realistic budgets.

In summary, the key figure provides an overall picture of the organization's financial performance during a specified period of time. It is a valuable resource for monitoring and managing finances, evaluating performance and making informed decisions about future financial strategies.

Economy
Result
  • Created by Homepal

    9/15/2023

  • This KPI is created and modified by us at Homepal using our own, made up demo data. The concept and idea comes from one of our customers.

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