What is the full form of YOY
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Explanation:
What is the full form of YOY
- Year-Over-Year (YOY) is a frequently used financial comparison for comparing two or more measurable events on an annualized basis. ... For example, in financial reports, you may read that a particular business reported its revenues increased for the third quarter, on a YOY basis, for the last three years.
.How is YOY calculated?
- To start the equation, subtract last year's number from this year's number. ... Next, divide the difference by last year's number. This gives you the year-over-year growth rate. Finally, multiply the number by 100 to turn your result into a percentage to get the year-over-year percentage change.
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