YOY (Year over year) - Business concept of the day
Business Development
333 week ago — 1 min read
Definition: Year over year (YOY) is a method of evaluating two or more measured events to compare the results at one time period with those of a comparable time period on an annualised basis.
Example: The YOY financials for 2018 as compared to 2017 showed a 20% increase in the firm’s revenue.
Business Insight - A YOY analysis of a firm’s financials are often used to measure how well a firm is progressing.
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