← Every exhibit

Table Table 1 Growth that compounds

What does marketing efficiency ratio measure?

FieldDecision the field controlsFailure when it is hidden
Revenue numeratorGross, net, recognized, or collected revenueReturns, refunds, taxes, or timing can move the ratio
Spend denominatorMedia only, total marketing, or fully loaded spendTwo teams can report different MER values for the same business
PeriodMonth, quarter, campaign window, or fiscal yearRevenue and spend can be matched to different demand states
Currency and unitEUR, USD, account, region, or consolidated businessA ratio can mix unlike units or exchange-rate treatments
Inclusion ruleBrand, performance, influencers, tools, agencies, production, or salariesThe denominator can shrink while the label stays the same

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Reference & Evidence

Source: Table from this essay. Sources and interpretation are given in the article.