• @droans
    link
    46 months ago

    13 period financial calendars don’t break down into quarters that easily. One reporting quarter will always have an extra period.

    5-4-4 creates even quarters except it requires either one extra day every year or one extra week every five to six years. It’s most beneficial for companies that either experience high seasonality or high consistency, such as retail and manufacturing.

    Most other companies just use calendar month since it’s simple, easy to determine, and allows for rather consistent year-over-year comparison.

    • @GeniusIsme
      link
      26 months ago

      Each quarter is just 13 weeks. Problem solved.

      • @droans
        link
        16 months ago

        Yep, that’s 5-4-4.