alt Hacker News>>Companies report ‘annualised’ revenue, defined as sum of previous 4 weeks multiplied by 13.
why is it multiplied by 13?
Replies
neogodless • today at 1:44 PM
52 weeks / 4 weeks = 13
Calc13 • today at 1:44 PM
13*4=52 weeks, mostly
briodf • today at 1:45 PM
28*13=364
tedd4u • today at 2:11 PM
Yeah it's weird huh? The "average" month contains 4.35 weeks.
(365/7)/12 = 4.3452…
jaccola • today at 1:43 PM
52/4 = 13
this took a bit of a mathematical turn because of my poor phrasing. what i was actually intrigued by was how does revenue of 4 weeks become "annualized" by just multiplying it with 13.