It is meaningful if you measure Q1 2020 vs Q1 2021. You’ve got a bit confused as to what YOY is, you’re not just measuring two random quarters from different years (q1 2022 vs q2 2023?), you’re comparing against the performance in the same quarter the previous year.

It is a very meaningful way of judging whether a companies performance (ability to turn a profit and create value for the investor) has improved against the same period the previous year.

https://www.investopedia.com/terms/y/year-over-year.asp

There is a little bit of very basic information for you. I can try find something more colourful and with nice pictures if you need.

😳I really didn’t mean to upset you so much wee man… don’t get too emotional. Just having a conversation here aren’t we?

Percentage is entirely legitimate to look at, it’s merely a way of quantifying what the raw numbers mean versus the raw numbers from last years performance.

No one said Samsung stock is tanking, you’re kind of shouting that into an empty room.

I was acknowledging that a 95% drop in profits vs the same period over the previous year is definitely a newsworthy item especially in two consecutive quarters… I think any shareholder of Samsung would agree.

If a company did that it would be extremely newsworthy, as a 1,000,000,000,000x profit increase.

I don’t see your point.

If the same company made 10,000,000 last quarter and then made 500,000 this quarter that would also be newsworthy… as you know, a 95% drop in profits.

Ah I didn’t realise you had to be an admin. Maybe reply to the below thread with a proposal for your community

https://lemmy.one/post/41

You should create a community for your team so when people come here looking they’ll find a community ready to welcome them