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Home > Blog > Data Visualization > Add-ons > Google Sheets >

Which Chart Type is Best Suited for Displaying Annual Financial Data for a 10-Year Period?

A Line Chart is arguably among the most straightforward visualization designs best suited for displaying annual financial data for a 10-year period.

which chart type is best suited for displaying annual financial data for a 10 year period

Besides, the chart is amazingly easy to read and interpret. And it’s relatively straightforward to plot Line Charts.

Google Sheets has very basic Line Charts. Yes, the spreadsheet tool comes with pretty basic charts that need more time and effort in editing.

You don’t have to do away with Google Sheets. You can supercharge it by installing third-party add-ons to access ready-to-use and visually appealing Line Charts.

In this blog, you’ll learn the following:

  • How to make a chart for displaying annual financial data for a 10-year period?
  • Also, we’ll address the following questions:
    • Which chart type is best suited for displaying annual financial data for a 10-year period?
    • Why do we analyze financial statements?
    • Which chart is best-suited for financial analysis?

Which Chart Type is Best Suited for Displaying Annual Financial Data for a 10-Year Period?

Before addressing the key theme of the blog, let’s address the following question: why do we analyze financial statements?

Why Do We Analyze Financial Statements?

We use financial analysis models to analyze the following:

  • Economic trends
  • Set financial policy
  • Build long-term plans for businesses
  • Identify viable investment projects

And this is done by sifting through a sea of numbers for actionable insights. Some of the sources of financial data for analysis includes:

  • Income statement
  • Balance sheet
  • Cash flow statement

We’ll address the following question in the coming section: Which chart is best-suited for financial analysis?

Which Chart is Best-suited for Financial Analysis?

The ideal chart for displaying insights into your financial data should also show trends, accelerations, decelerations, or volatility.  Besides, it should be easy to decode.

A Line Chart is one of the few visualization designs you can use to visualize your financial data. The chart can present a massive amount of information without causing clutter.

In the coming section, we’ll cover the following topic: how to make a chart for displaying annual financial data for a 10-year period.

How to make a Chart for Displaying Annual Financial Data for a 10 Year Period?

Google Sheets is one of the go-to data visualization tools for businesses and professionals.

However, this freemium spreadsheet tool comes with very basic Line Charts, which require a lot of extra work in editing. Also, it lacks a sizable number of Line Charts with multiple lines (highlighted earlier).

Well, you don’t have to do away with the spreadsheet app.

You can turn Google Sheets into a reliable data visualization tool loaded with advanced charts by installing third-party apps, such as ChartExpo.

Which chart type is best suited for displaying annual financial data for a 10-year period? Keep reading to discover the answer to the question above.

ChartExpo is a Line Chart maker that comes as an add-on you can easily install in your Google Sheets.

With 50+ ready-made and insightful visualizations, ChartExpo turns your complex, raw data into compelling, easy-to-digest, visual renderings that tell the story of your data. ChartExpo produces simple and clear Line Charts for your data stories with just a few clicks.

Yes, ChartExpo generates amazingly easy charts to interpret, even for non-technical audiences.

Example

This section will use a Line Chart to display insights into the tabular data below.

Years Revenue
2012 185
2013 194
2014 207
2015 223
2016 249
2017 260
2018 290
2019 310
2020 325
2021 435

Install the ChartExpo add-on for Google Sheets from the link and then follow the simple and easy steps below.

  • Open your Google Sheets application.
  • Open the worksheet and click the Extensions
  • Then go to Charts, Graphs & Visualizations by ChartExpo and click on Open button.
open chartexpo in google sheets
  • Click the Add New Chart button to access your fully stocked library of charts.
add new chart in google sheets
  • Click the Search Box and type “Line Chart,” as shown below.
search line chart in google sheets
  • Select the sheet holding your data.
  • Fill in the metrics and dimensions.
  • In our example, the key metrics to fill in Conversely, fill in the following variable in the dimension section: years.
create line chart in google sheets
  • Complete the task by clicking the Create Chart button, as shown above.
  • Check out the final Line Chart.
line chart in google sheets

Insights

  • Between 2012 and 2020, the revenue grew gradually.
  • Between 2020 and 2021, the revenue almost doubled the gains made during the last eight financial years.

Which chart type is best suited for displaying annual financial data for a 10-year period? A Line Chart is one of the tested and proven visualization designs for the task.

Advantages of Using Line Charts

  • Clarity

Line Charts are clear and simple to interpret due to their minimalist design.

  • Ease of use

Line Charts are among the visualization designs that are familiar to many. Besides, they’re incredibly easy to display insights using the chart. You just need a single metric and dimension to get going.

FAQs:

Why is a Line Graph useful in finance?

A Line Chart is one of the few visualization designs you can use to display insights into financial data. More so, the chart can present a massive amount of information without clutter.

The chart can also display trends, accelerations, decelerations, and volatility. And it’s easy to decode.

Which chart is best suited for displaying annual financial data for a 10-year period?

The answer is a Line Chart.

The graph is among the few designs you can use to visualize your financial data. The chart can present a massive amount of information using its limited space.

You can use a Line Chart to display trends, accelerations, decelerations, or volatility.

Wrap Up

Which chart is best suited for displaying annual financial data for a 10-year period?

A Line Chart is among the most straightforward visualization designs best suited for displaying annual financial data for a 10-year period.

Besides, the chart is amazingly easy to read and interpret. And it’s relatively straightforward to plot Line Charts.

Google Sheets has very basic Line Charts. Yes, the spreadsheet tool comes with pretty basic charts that need more time and effort in editing.

We recommend installing a particular add-on called ChartExpo in your Google Sheets to access ready-to-use, insightful, and visually appealing Line Charts.

ChartExpo comes loaded with easy-to-interpret and visually stunning Line Charts you can use for data stories. 

You don’t need programming or coding skills to visualize your data using this tool. Furthermore, you can easily export your charts in the world’s most recognized formats, JPEG and PNG.

How to make a chart for displaying annual financial data for a 10-year period should never throw a curveball to you.

Sign up for a 7-day free trial today to access ready-made, insightful, and visually appealing Line Charts.

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