Year-Over-Year Growth (YoY)

Definition

Year-over-year growth highlights a company's growth or decline by comparing its performance across corresponding periods in different years.

Usage and Context

Year-over-year growth (YoY) compares a company's performance in the same periods of different years to show growth.

Frequently Asked Questions

How to calculate year-over-year growth over multiple years?
To calculate year-over-year growth over multiple years, compare the current year’s metric to the same metric from the previous year, divide by the previous year's value, and multiply by 100 for the percentage.

What does year-over-year comparison mean?
Year-over-year comparison means looking at financial or operational data from one period and comparing it to the same period last year to see growth or change.

How to do a year-over-year comparison?
To do a year-over-year comparison, calculate the percentage change in a specific financial metric from one year to the same metric in the previous year.

Related Software

Excel, QuickBooks

Benefits

Year-over-year growth (YoY) compares performance across the same periods in different years, highlighting trends.

Conclusion

Year-over-year growth (YoY) compares performance across the same periods in different years, showing trends.