I am quoting my argument here:
@Valorum You aren't getting my point. It's the standards I am talking about. Star Trek presumably uses standard Earth year (in the light year definition) which has 365 days, each day containing 24 hours, each hour containing 60 minutes or so. There are many ways in which distance denoted by light year in one universe can be different from that in another universe. Maybe, Star Wars uses 100 days year or second, minute definition is entirely different.
So, the Millennium Falcon travelling 70000 light years in a few hours could be equivalent to travelling 700 light years by Star Trek standards.
I am aware of this question: Star Wars Time Measurement and Dating Systems
But it doesn't address a thing. If there's no official statement saying standards are the same and all unit definitions aren't given in the canon, we just don't have enough details.
Also, from one of my answers:
There are other issues, too. We don't know for sure if physics and fundamental constants of both universes are same. And, I've a lead here. In Star Wars universe, there's this thing called "The Force" exists. What if midichlorians interact with photons to reduce speed of light in vacuum significantly?
How exactly is the community finding the common ground between both Star Trek and Star Wars universes to see the possibility of an objective answer?