> annualized revenue
> trailing 28 days multiplied by 13
I’m not aware of a year that has 13 months of 28 days? Why would you ever calculate it this way?
> trailing 28 days multiplied by 13
I’m not aware of a year that has 13 months of 28 days? Why would you ever calculate it this way?
If day of the week is important you get more consistent results this way.
I don’t have a particular point of view on this but the people acting like this is weird or some big deal have clearly never spent much time with financial filings. There are much weirder scheduling things than this. Some companies split their reporting quarters up in unbalanced ways for instance.
If they make, say, 10x more on weekdays than weekends, using a 30 day month with two extra weekdays overestimates annual revenue since it translates to a year with 264 weekdays as opposed to 260.
That's about a 1.5% increase.