Quote:
XXX is smaller than its peers, with just XXX million in revenue in the trailing 12 months and a market capitalization below $X billion.
What is the meaning of 'in the trailing 12 months'? What does the word trailing
mean here?
Can it be replaced by other words?
Thanks
Best Answer
Trailing twelve months is a unit of measurement used to indicate an organization's financial standing in the market. I think this is what is being referred to in the quote.
From Wikipedia:
An interesting example included in the article: