Definition
YoY Comparison assesses financial metrics or performance indicators year over year to identify growth, trends, or changes.
Usage and Context
YoY comparison evaluates financial metrics year over year to spot trends, growth, or changes.
Frequently asked questions
What is a YoY comparison?
A YoY (Year-over-Year) comparison evaluates financial or performance metrics from one year to the same period in the previous year to identify trends and growth.
What are YoY metrics?
YoY (Year-over-Year) metrics are performance indicators that compare results from the same period in different years to evaluate growth or decline.
What is an example of a YoY analysis?
An example of a YoY analysis is comparing a company`s revenue in Q1 2023 to its revenue in Q1 2022 to assess growth or decline.
Related Software
Excel, QuickBooks
Benefits
YoY comparison assesses financial metrics annually, identifying trends and changes in performance.
Conclusion
YoY comparison reviews financial metrics annually to identify trends and changes in performance.
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