Average daily revenue
Last updated August 14, 2023
What does average daily revenue mean?
Average daily revenue refers to the average revenue generated from an item over the past 12 months or since its introduction to the market.
How to calculate it?
Average daily revenue is calculated by dividing the total revenue earned during a specific period by the number of days in that period.
For example, suppose a business earns $100,000 in revenue during a 30-day month. The average daily revenue for that month would be calculated as follows:
Average daily revenue = total revenue / number of days
Average daily revenue = $100,000 / 30
Average daily revenue = $3,333.33
So in this case, the business’s average daily revenue for the month is $3,333.33.