What is YoY in accounting?

YoY Definition What is YoY? Year over year, or YoY for short, is a calculation used to see a business’s growth or loss compared to the same period of time during previous years.

What is YoY (year-over-year)?

YOY (year-over-year) is a way to compare the financial statistics of a certain period to those from the same period of the year before. Most of the time, companies calculate YOY on a quarterly or monthly basis. It helps them see whether their business had positive, stagnant, or negative growth during that time.

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 YoY & why is it important?

YoY is often used by investors to evaluate whether a stock's financials are getting better or worse. If a company's revenue and earnings are growing year-over-year, then that indicates the company is growing. If these numbers are declining year-over-year, that suggests the company is shrinking.