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2023- 2024 (prior to accounting)

2024 prior to accounting

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Sum of Net Income for 2024 thus far:
98,511
⁠
⁠

Table 4
Date
Gross Income
Expenses
Net Income
Notes
1
1/7/2024
​
​
​
​
2
1/14/2024
​
​
​
​
3
1/21/2024
​
​
2,600
​
4
1/28/2024
​
​
​
​
5
2/4/2024
​
​
5,800
​
6
2/11/2024
​
​
2,350
​
7
2/18/2024
​
​
2,770
​
8
2/25/2024
​
​
​
​
9
3/3/2024
​
​
18,710
​
10
3/10/2024
​
​
4,441
​
11
3/17/2024
​
​
4,900
​
12
3/24/2024
​
​
6,970
​
13
3/31/2024
​
​
3,790
​
14
4/7/2024
​
​
10,120
​
15
4/14/2024
​
​
2,790
​
16
4/21/2024
​
​
6,900
​
17
4/28/2024
​
​
1,870
​
18
5/5/2024
​
​
3,700
​
19
5/12/2024
​
​
6,900
​
20
5/19/2024
​
​
2,600
​
21
5/26/2024
​
​
11,300
​
There are no rows in this table
98,511
Sum
⁠
2024 Average Income Growth Rate is 8.51%
1
⁠
2024 Chart Entries
1
⁠
2024 weekly Rate of Change
⁠

Formula

Average Growth Rate=(∏_i^n=1​(1+r_i​)^1/n​−1
Where:
ri​ is the rate of change for each period (in decimal form).
n is the number of periods (21 weeks).

Step-by-Step Process:

Convert Weekly Percentage Changes to Decimal Form:
Convert each weekly percentage change to a decimal by dividing by 100 (e.g., 19.811321% becomes 0.19811321).
Add 1 to Each Decimal Change:
This step accounts for the growth factor. For example, if a week's rate of change is 0.19811321, it becomes 1.19811321.
Compute the Product of All Growth Factors:
Multiply all the growth factors together to get a single product value.
Take the nnnth Root of This Product:
Since there are 21 weeks, take the 21st root of the product from the previous step.
Subtract 1 from the Result:
This gives the average growth rate in decimal form.
Convert Back to a Percentage:
Multiply the result by 100 to get the average growth rate as a percentage.

Example Calculation:

Assuming we have the weekly rate of changes in percentage for 21 weeks (excluding NaNs):
Convert Weekly Percentage Changes to Decimal Form:
Example: 19.811321% becomes 0.19811321
Add 1 to Each Decimal Change:
Example: 0.19811321 becomes 1.19811321
Compute the Product of All Growth Factors:
Example: 1.19811321×1×0.73464567×0.5187567×2.68595041×0.99230769×0.64341085×4.14168675×0.14952292×3.65758755×0.77659574×0.89041096×0.89892308×1.54150265×…1.19811321 \times 1 \times 0.73464567 \times 0.5187567 \times 2.68595041 \times 0.99230769 \times 0.64341085 \times 4.14168675 \times 0.14952292 \times 3.65758755 \times 0.77659574 \times 0.89041096 \times 0.89892308 \times 1.54150265 \times \ldots1.19811321×1×0.73464567×0.5187567×2.68595041×0.99230769×0.64341085×4.14168675×0.14952292×3.65758755×0.77659574×0.89041096×0.89892308×1.54150265×… (continues for all 21 weeks)
Take the 21st Root of This Product:
(product of growth factors)121\left( \text{product of growth factors} \right)^{\frac{1}{21}}(product of growth factors)211​
Subtract 1 from the Result:
(product of growth factors)121−1\left( \text{product of growth factors} \right)^{\frac{1}{21}} - 1(product of growth factors)211​−1
Convert Back to a Percentage:
((product of growth factors)121−1)×100\left( \left( \text{product of growth factors} \right)^{\frac{1}{21}} - 1 \right) \times 100((product of growth factors)211​−1)×100
Using the given data, the average growth rate over the 21 weeks is calculated to be approximately 8.51%.


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