Definition
Year-Over-Year (YOY) is a financial comparison between two comparable periods, typically for the same time frame in consecutive years. It is used to assess a company�s growth or performance over a year.
Related Services
Financial analysis, market research, and business intelligence services rely on YOY comparisons to evaluate trends, identify opportunities, and forecast future performance.
Problem and Application
YOY comparisons help smooth out seasonal fluctuations and provide a more consistent view of performance. However, when comparing YOY data, it�s important to ensure that external factors influencing results are accounted for.
Conclusion
YOY is a valuable metric for evaluating growth trends. By comparing performance against the same period in the previous year, companies can assess overall progress and identify key areas for improvement.
