How can we calculate median order value in Shopify analytics?

How can we calculate median order value in Shopify analytics?

jsp_ecommerce
Tourist
3 0 1

Hello Community,

I've been using Shopify's analytics tools extensively and have found them to be incredibly valuable in understanding our store's performance. However, there's one specific metric I believe would be a great addition: Median Order Value.

While the Average Order Value (AOV) provides a general sense of the typical order size, it can sometimes be skewed by outliers, especially those rare high-value orders. For businesses like ours, where occasional large orders can significantly impact the AOV, the median order value would offer a more balanced and consistent insight into our regular transactions.

The median, as many of you might know, is the middle value in a list of numbers, which means it's less affected by extreme values on either end of the spectrum. By having a report that shows the median order value, we can get a clearer picture of our typical order size without the distortion caused by those occasional high or low orders.

I wanted to reach out and see if:

  1. There's already a solution or workaround within Shopify to obtain this metric?
  2. If not, how can we, as a community, recommend this as a report for Shopify to consider offering in the future?

I believe many store owners would benefit from this additional insight, and it would be a valuable tool for making more informed business decisions.

Thank you for taking the time to read my suggestion. I look forward to hearing your thoughts and any potential solutions or steps forward.


Warm regards,

-Jon (steelmantools.com, 212performance.com)

 
 
Replies 3 (3)

azamgill
Shopify Partner
325 47 76

Hey,

 

Your suggestion for adding the Median Order Value metric in Shopify's analytics tools makes a lot of sense, as it can provide a more stable and representative view of order values, especially for businesses with varying order sizes.

Azam Gill
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shockseals
Tourist
8 0 9

I too would like to know the median order value as a front page metric similar to average order value. I searched and searched as this is a pretty basic metric and I could not find it. Lets go Shopify, give us this option to display in analytics. 

shockseals
Tourist
8 0 9

Hello Shopify. How is this request coming?