Year-Over-Year YOY: What It Means, How It’s Used in Finance
One-time expenses or one-time profits reported by a company can make percentage growth/contraction readings less accurate for the investor. Subtract the current period’s figure (X) with the prior year’s value (Y), and divide the difference (X-Y) by the year-ago figure (Y). YoY’s most significant advantage is that it provides data about a company that considers […]
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