YOY (Year-Over-Year): What It Means & How It’s Used in Finance?
What Is Year-Over-Year (YOY)? Year-over-year (YOY) is also known as year-on-year, is a common method for comparing financial data annually. It helps determine whether a company’s financial health is getting better, staying the same or declining. For instance, financial statements might show that a company’s revenue has risen in the third quarter compared to the […]
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