What does YoY stand for?

YoY stands for “year-over-year” and measures the rate of change in a metric across two comparable periods. The YoY can be used to analyze the annual growth in a company’s financial metric, such as revenue growth.

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 in accounting?

YOY is short for year over year, which refers to the mathematical process of comparing one year of data to the previous year of data. In business, note that a fiscal year does not always go from January 1 to December 31; many companies have fiscal years beginning at other times. How It Works.

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.