Hi @Ritterskamp, Jay ,
I understand. Thank you very much for the detailed explanation. When you initially create a column called mileage and fill in a mileage, in this case we'll call it "previous mileage", previous mileage is stored in a list version. Then you update the mileage in the column called mileage, which is called "current mileage", which is stored in another list version. There is no way we can simply identify the previous mileage with the formula. Because they are not stored in the same list version, we use formulas to perform calculations only for data in the same version.
For example, previous mileage and current mileage are two columns in a list version that we can calculate using the formula.
When I received the case, I searched a lot of documents did a lot of researches. And I feel regretful to inform you that it turns out to be a by-design one.
During my search I found that it may be possible to get previous value of updated SharePoint List Item via Power Automate. if you are considering implementing it this way, you can refer to this post:https://dev.to/thebernardlim/power-automate-get-previous-value-of-updated-sharepoint-list-item-1kcb
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