is May 31, 2020 FY20?
Hi all,
Sorry for the trivial question, I'm doing a virtual internship atm where I've basically been given a task to spread comps for like a lot companies and brain is pretty fried atm.
Talking about FYEs:
31 Dec 2020 = FY20
31 Jun 2020 = FY20
31 May 2020 = FY20?
29 Feb 2020 = FY20?
31 Jan 2020 = FY20?
So momentarily having trouble matching the 10K fye dates with the corresponding year #. Would all of the above financial year ends correspond to FY2020?
Assuming 31 May, 2020 = FY20, does this mean FY21's Q1 is Aug 31,2020?
[solved] watched investopedia's fiscal year video
edit Ok so what I decided to do was if e.g. FYE was 31 March 2020 I would treat as 2019. which correlates to Q1=30 Jun 19, Q2=30 Sep 19, Q3=31 Dec 19.
Rationale is that most companies have yet to release 2020 Q4 earnings (fye Dec31 ~ Q4 release is March 2021) so it doesn't seem to make sense for a fye 31 March 2020 company to have already released their "2020 Q4 earnings"
Will probably slap an email to the boss after I get most of this done
[edit2] https://www.wallstreetoasis.com/forums/ltm-vs-for… midnight_oil's comment on point 4 is relevant
depends. You can be feb 20 for fiscal year 2021
There are public companies with a fiscal year 22 months off its titular calendar year?
It’s a public company look at the filings or press release and it will say which fiscal year is for 3/31/20
FYE march 31, 2020 will run from April 2019- March 31, 2020, it is the 2019 Fiscal year for tax purposes in the USA....
I think the issue here is that you're trying to impose the concept of the calander year onto the concept of the accounting year - does that make sense?
You're going to want to compare the companies based on a 12 month period, not a calander year, so you'll need to make adjustments.
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