Year-Over-Year (YOY)

Year-over-year (YOY) is a way to compare data from one year to the next. It helps us see how things have changed over a specific period. For example, if we compare sales in January of this year to January of last year, we can understand if sales have increased or decreased. YOY comparisons help us spot trends and understand how things are progressing over time. It's a useful tool in business and finance to assess growth or changes in performance.