This article is for Cart Transform method. (Don't know which price test method you are using? Check out this section below)
This guide explains the metrics you can find in the analytics dashboard when running a price test with cart transform method. It will help you understand how views, conversions, and profits are defined so you can confidently evaluate test results.
Storewide vs Product based data
For cart transform method price test, we offer both storewide and product view based data to ensure flexibility in analysis.
Storewide data provides a broad view of how tests impact overall store performance, while product view based data focuses on individual product metrics. This dual approach helps you align data insights with your specific testing goals.
You can switch the view by clicking on "Data source" button in your analytics page:
Read more about it: Understanding Data Formats in Price Tests
Metrics explained - storewide view
Total views
Metric | Definition | Formula |
Total visitors |
|
|
Conversion rates
Metric | Definition | Formula |
Add to cart |
| # of add to cart events / # of sessions |
Checkout |
| # of checkout events / # of sessions |
Order |
| # of orders / # of sessions |
Average metrics
Metric | Definition | Formula |
Average order value |
| Total revenue / # of Orders |
Revenue per session |
| Total revenue / # of sessions |
Breakdown table
Metric | Definition | Formula |
Session views | Total number of sessions for the test group |
|
Add to carts | Total number of add to cart events for the test group |
|
Checkouts | Total number of checkout events for the test group |
|
Orders | Total number of orders for the test group |
|
Revenue | Total revenue generated for the test group | Total product value + shipping - discount - Tax |
Average order value | Average value of all orders | Total revenue / # of orders |
Conversion rate | Percentage of sessions that resulted to an order that includes any test products. | # of orders / # of sessions |
Revenue per session | Average revenue generated per session | Total revenue / # of sessions |
Average units per order | Average number of test product units sold per order | Total units sold / # of orders |
Metrics explained - product based view
Total views
Metric | Definition | Formula |
Product views |
|
|
Conversion rates
Metric | Definition | Formula |
Add to cart |
| # of add to cart events / # of views |
Checkout |
| # of checkout events / # of views |
Order |
| # of orders / # of views |
Average metrics
Metric | Definition | Formula |
Average order product value |
| Total revenue of all test products / # of order events |
Profit per product view |
| Total profit / # of Views |
Breakdown table
Metric | Definition | Formula |
Views | Total number of product page views for the test group |
|
Cost | Cost for each variant, shown at Display > Variant level |
|
Add to carts | Total number of add to cart events for the test group |
|
Checkouts | Total number of checkout events for the test group |
|
Orders | Total number of order events for the test group |
|
Revenue | Total revenue generated by test products for the test group | Total product value + shipping - discount - tax |
Product sold | Total quantity of test products sold for the test group |
|
Ad spent | Total advertising spend attributed to the test group |
|
ROAS | Revenue generated divided by ad spend | Revenue / ad spend |
Profits | Total revenue from test products minus cost of goods sold (COGS), based on Shopify COG data and product quantities | Total revenue - (COGS × quantity sold) |
Profit margin (%) | Profit as a percentage of revenue | (Profit / revenue) × 100 |
Average order product value | Average revenue per order (across all test products) | Revenue / # of orders |
Conversion rate | Percentage of views that led to an order | # of orders / # of views |
Revenue per visitor | Average revenue per product view | Revenue / # of views |
Profit per visitor | Average profit per product view | Profit / # of views |
How to get my price testing method
If you are using cart transform method, you will see a cart icon in your test type.
You can read more about price testing methods in the following articles: