Any financial data has the possibility of being analyzed, it all depends on the requirements of the person asking. The most common analysis’ offered to businesses are year-over-year income/expense/profit reports, as well as product or service-specific cost analyses.

A financial analysis requires looking at trends in the business over time and accounting for external factors that could be influencing those trends, like increases in production costs, labour, or costs of materials. Using that information, you can then project what the future trends might look like and you can adapt your business as needed.