Is there any formula to count order completion ratio?
Just go to your orders and count the number of “Completed Orders” in the following timeframe (Oct 15 - Dec 15) OR (if today is Dec 12 then you should count after Oct 12) and then the count the cancelled orders in the same timeframe. And then find the ratio!!
Seller “A” has completed 50 orders, 10 got canceled. So the order completion will be 80%.
1% of 50 is 0.5 (50/100=0.5)
2% of 50 is 1 (that means that for every single order canceled out of 50, there is a 2% declined in the order completion)
20% of 50 is 10
That’s means the seller has canceled 10 orders or 20% of the orders are canceled, so the order completion rate will be 100-20= 80%.
As Simple as that!!
A very brief and precise answer. Indeed very helpful and i am thankful for your precious time.
Thank you so much.
Really good answer…