What does YoY mean?

YOY is used to make comparisons between one time period and another that is one year earlier. This allows for an annualized comparison, say between third-quarter earnings this year vs. third-quarter earnings the year before.

What is a yoy formula?

The YoY formula can also be used to calculate the dollar amount of growth or the current or previous values. For example, if the average rent in a particular geographic area is currently 1,100 and YoY growth was reported as 10%, then last year the average rent was 1,100 / (1 + 10%), or 1,000.

What is year over year (YOY)?

YoY stands for Year over Year and is a type of financial analysis used to compare results from a period of time in one year to the same period of time in the prior year. YoY analysis is widely used in finance and economic analysis and is helpful for quickly understanding growth trends from year to year.

What is YoY & how does it work?

YOY also differs from the term sequential, which measures one quarter or month to the previous one and allows investors to see linear growth. For instance, the number of cell phones a tech company sold in the fourth quarter compared with the third quarter or the number of seats an airline filled in January compared with December.