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      How is the forecast turnover calculated in Storybook?

      Customers have often asked us how we calculate forecast turnover for 2020 and 2021. In the following, we give an overview of the development of the model.

      In modeling forecast turnover, we have first identified the proportions of the difference between the turnover of the previous financial period 2019 or 2020 and the 4 quarters declared in the same years.

      We have taken this share into account in the turnover of the declared quarter of this year. In addition, the growth / decline trends of the company's quarterly turnover in previous years have been included in the analysis model seasonally and reduced to the current year's forecast indicators. The credit score of both the company and the member of the management board also plays a role here. For example, if a problematic member of the management board is at the head of a company, the forecast will essentially stand still or even decrease if debts also arise.

      Therefore, we can give a fairly true amount of forecast turnover and not only. In Storybook, we also have the forecasted financial indicators of all companies on the main balance sheet and income statement lines (in essence, the forecast-annual report for 2020 and 2021 can be seen).

      If, due to the specifics of the company's activities, the MTA does not reflect its turnover (not subject to VAT, part of the turnover does not have to be declared or the turnover is not sales (insurance, etc.), etc., each company has the opportunity to enter its turnover data according to the data entering into the forecast indicators.

      Wishing you the right business decisions,

      Storybook team

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