Year-Over-Year (YoY) Analysis: Advantages and Disadvantages
Advantages (Pros / Positives / Benefits) and of Year Over Year Analysis (YoY)
Rusith Yapabandara is contributing as the key author for LearnBusinessConcepts. He has over eight years of corporate experience in multinational companies and has several years of academic consulting experience.
He is a Passed Finalist of CIMA (UK), PMP (USA) Certified, and Completed BCS HEQ (UK). He is enjoying reading, acquiring knowledge in his spare time, and also keen to share his knowledge. Rusith has been a contributor to Learn Business Concepts since 2020. You may reach him on Linkedin.
Advantages (Pros / Positives / Benefits) and of Year Over Year Analysis (YoY)
Year-Over-Year (YoY) is a type of financial analysis used to compare data between time series. It is a data comparison of one time period (ex: a month) against the comparable previous period (ex: the same month in the previous year).
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Fixed cost is a type of cost that does not change with an increase or reduction in production quantity. The company has to pay the fixed cost despite the number of units produced.