Customer Retention Rate Solution

STEP 0: Pre-Calculation Summary
Formula Used
Customer Retention Rate = (Existing Customers-Customers at Beginning)/Customers at Beginning
CRR = (nec-ncb)/ncb
This formula uses 3 Variables
Variables Used
Customer Retention Rate - Customer Retention Rate measures the percentage of customers retained in the business out of the total customer base in a given period.
Existing Customers - Existing Customers are the one who consistently purchases products or services from your company.
Customers at Beginning - Customers at Beginning refers to the total number of customers in the starting who buys something from a seller, vendor, or supplier in exchange for money or something else of value.
STEP 1: Convert Input(s) to Base Unit
Existing Customers: 100 --> No Conversion Required
Customers at Beginning: 19 --> No Conversion Required
STEP 2: Evaluate Formula
Substituting Input Values in Formula
CRR = (nec-ncb)/ncb --> (100-19)/19
Evaluating ... ...
CRR = 4.26315789473684
STEP 3: Convert Result to Output's Unit
4.26315789473684 --> No Conversion Required
FINAL ANSWER
4.26315789473684 4.263158 <-- Customer Retention Rate
(Calculation completed in 00.004 seconds)

Credits

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Created by Kashish Arora
Satyawati College (DU), New Delhi
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Verified by Vishnu K
BMS College of Engineering (BMSCE), Bangalore
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Customer Retention Rate Formula

​LaTeX ​Go
Customer Retention Rate = (Existing Customers-Customers at Beginning)/Customers at Beginning
CRR = (nec-ncb)/ncb

What is Customer Retention Rate?

Customer Retention Rate refers to the rate at which customers stay with a business in a given period of time. This is often referred to as churn rate and is a key metric for practically all B2B and B2C businesses. In general, the lower the churn, the more loyal the customers and more successful the business, as the business retains more customers over time.

How to Calculate Customer Retention Rate?

Customer Retention Rate calculator uses Customer Retention Rate = (Existing Customers-Customers at Beginning)/Customers at Beginning to calculate the Customer Retention Rate, The Customer Retention Rate formula is defined as the percentage of customers retained in the business out of the total customer base in a given period. Customer Retention Rate is denoted by CRR symbol.

How to calculate Customer Retention Rate using this online calculator? To use this online calculator for Customer Retention Rate, enter Existing Customers (nec) & Customers at Beginning (ncb) and hit the calculate button. Here is how the Customer Retention Rate calculation can be explained with given input values -> 4.263158 = (100-19)/19.

FAQ

What is Customer Retention Rate?
The Customer Retention Rate formula is defined as the percentage of customers retained in the business out of the total customer base in a given period and is represented as CRR = (nec-ncb)/ncb or Customer Retention Rate = (Existing Customers-Customers at Beginning)/Customers at Beginning. Existing Customers are the one who consistently purchases products or services from your company & Customers at Beginning refers to the total number of customers in the starting who buys something from a seller, vendor, or supplier in exchange for money or something else of value.
How to calculate Customer Retention Rate?
The Customer Retention Rate formula is defined as the percentage of customers retained in the business out of the total customer base in a given period is calculated using Customer Retention Rate = (Existing Customers-Customers at Beginning)/Customers at Beginning. To calculate Customer Retention Rate, you need Existing Customers (nec) & Customers at Beginning (ncb). With our tool, you need to enter the respective value for Existing Customers & Customers at Beginning and hit the calculate button. You can also select the units (if any) for Input(s) and the Output as well.
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