Definition of Year-over-year (YOY):
Looking at YOY performance allows for gauging if a company's financial performance is improving, static, or worsening. 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.
(chiefly North American). With reference to trends, gradual increases or decreases, etc.: with or in each passing or successive year.
A comparison of a companys current earnings or other financial performance with the same data for the previous year. Compare Last Fiscal Year (LFY); Most Recent Quarter (MRQ); Trailing 12 Months (TTM).
(chiefly North American). Relating to or shown by a comparison of corresponding figures from two consecutive years.
With reference to figures, financial data, etc.: as compared with the corresponding information from the previous year.
Year-Over-Year (YOY) is a frequently used financial comparison for comparing two or more measurable events on an annualized basis.
Repeatedly over a number of years; for years without change. Compare year on year.
How to use Year-over-year (YOY) in a sentence?
- Our year-over-year findings were that we had been increasing our sales every year and getting better and better with more time.
- Year-over-year (YOY) is a method of evaluating two or more measured events to compare the results at one period with those of a comparable period on an annualized basis.
- As we have added additional product offerings, we have experienced a year-over-year increase in sales volume and overall profitability in each of the last five years.
- Investors seeking to gauge a company's financial performance use YOY reporting.
- Based on the year-over-year analysis of the company, we could see that the company has grown several times its size since this time last year.
- YOY comparisons are a popular and effective way to evaluate the financial performance of a company.
Meaning of Year-over-year (YOY) & Year-over-year (YOY) Definition