What does YoY stand for?

YOY stands for year-over-year. What is YOY? Year-over-year is a way of looking at multiple annualized sets of a company’s financial data from separate years to see how that data has changed. Why is YOY important? The year-over-year format is a crucial tool to evaluate the direction in which a company’s financial performance is trending.

What is YoY & how does it work?

Enroll now for FREE to start advancing your career! YoY stands for Year over Year and is a type of financial analysis used for comparing time series data. It is useful for measuring growth and detecting trends.

What is YoY analysis?

Analysts are able to deduce changes in the quantity or quality of certain business aspects with YoY analysis. In finance, investors usually compare the performance of financial instruments on a year-over-year basis to gauge whether or not an instrument is performing expected.

What is a yoy comparison?

A YoY comparison can be made monthly, annually, quarterly, or for any event that repeats itself over the course of the years, such as holidays or set sales events. The YoY calculation is not only used to gauge how a business is performing but can also be used to forecast sales, create a new budget, and evaluate investments.