Calculate the average amount customers spend per order. This metric helps businesses understand customer purchasing behavior and optimize pricing strategies.
Learn how to use the Average Order Value Calculator and its working principles
Average Order Value (AOV) is a key performance indicator that shows the average amount customers spend each time they place an order. It's calculated by dividing your total revenue by the number of orders.
AOV is a crucial metric for business growth because it directly impacts your revenue. Increasing AOV can improve profitability without requiring more customers, as it encourages existing customers to spend more per transaction.