Calculate the average order value (AOV) by dividing total revenue by the number of orders. This helps businesses understand the average amount customers spend per order.
Learn how to use the Average Order Value Calculator calculator and its working principles
Average Order Value (AOV) is a key performance metric that indicates the average amount customers spend each time they place an order. It is calculated by dividing the total revenue by the total number of orders.
For example, if your business generated $10,000 in revenue from 100 orders, the AOV would be $100 per order ($10,000 / 100 = $100).
Tracking AOV helps businesses understand customer spending behavior and identify opportunities to increase sales. Common strategies to improve AOV include:
A higher AOV generally indicates more profitable sales, but it's important to balance this with customer acquisition costs. Businesses should aim to increase AOV in a way that remains sustainable and aligned with their overall pricing strategy.